Karachi: Dewan Farooque Spinning Mills Limited has disclosed its financial results for the fiscal year 2026, outlining significant details under the regulatory framework of the Companies Act, 2017. The report, dated November 10, 2026, reveals adjustments in both shariah-compliant and conventional financial transactions.
The company, which operates within the spinning mills sector, reported a conventional long-term borrowing of 432.17 million rupees, a decrease from 445.99 million rupees in the previous year. Meanwhile, the short-term borrowing under shariah-compliant arrangements rose to 392.86 million rupees from 337.86 million rupees in 2025. The conventional short-term borrowing remained steady at 75 million rupees for both years.
According to information available from the Pakistan Stock Exchange (PSX), there was no change in the markup payable under conventional terms, which stood at 390.30 million rupees for both years. The company's bank balances reflected a decrease in shariah-compliant funds to 1.48 million rupees in 2026 from 1.59 million rupees in 2025. Conversely, conventional bank balances saw a notable drop to 1.76 million rupees from 3.40 million rupees in the previous year.
In terms of profitability, the revenue generated from shariah-compliant activities saw a big move, increasing to 275.15 million rupees from 219.25 million rupees, marking a 25.5% rise. The finance cost under shariah terms showed a moderate move, decreasing to 111,217 rupees from 134,372 rupees.
Additional income was derived from the recovery of doubtful debts and gains on the disposal of property, plant, and equipment (PPE), with shariah-compliant figures at 10.46 million rupees and 1.92 million rupees respectively. Both figures marked a decline from the previous year's 17.31 million rupees and 21.05 million rupees.
The company has reaffirmed its relationship with shariah-compliant financial institutions, including Meezan Bank Limited and Bank Islami Pakistan Limited, through which it conducts its trade and banking transactions.