Karachi: In a detailed financial disclosure, Feroze 1888 Mills Limited announced its annual results for the fiscal year ending June 30, 2026. The board meeting, held on September 7, 2026, at the K&N Centre in Karachi, revealed that the company experienced a modest profit despite increasing costs and stagnant dividends.
The Annual General Meeting is scheduled for October 27, 2026, at the company’s SITE, Karachi location. According to the financial report, the company recorded total assets of 87.08 billion rupees, marking a rise from the previous year's 83.66 billion rupees. This growth was primarily driven by an increase in current assets, which now stand at 51.52 billion rupees, up from 45.87 billion rupees in 2025.
The report highlighted that the company’s sales reached 67.73 billion rupees, representing a very large or significant move of 2.46% compared to the previous year's 66.11 billion rupees. However, the company faced challenges with rising costs. The cost of sales increased to 59.32 billion rupees, resulting in a gross profit of 8.41 billion rupees, a decrease from the prior year's 9.07 billion rupees.
In terms of liabilities, current liabilities rose to 46.80 billion rupees from 43.76 billion rupees, indicating increased short-term financial commitments. Non-current liabilities saw a decrease, now standing at 5.72 billion rupees compared to 6.14 billion rupees the year before.
According to information available from the Pakistan Stock Exchange (PSX), Feroze 1888 Mills Limited's net profit for the year was reported at 804.27 million rupees, a significant improvement from the previous year's 99.02 million rupees. This translates into basic and diluted earnings per share of 2.01 rupees, a notable increase from 0.25 rupees in 2025.
Despite these financial developments, the company's board has decided against declaring any cash dividends, bonus shares, or right shares for the year. Additionally, no other price-sensitive information was disclosed. The company’s share capital remained unchanged at 3.99 billion rupees, with reserves totaling 34.56 billion rupees.
The financial landscape of Feroze 1888 Mills Limited showcases a company navigating through complex economic conditions, focusing on maintaining stability while managing rising operational costs. As the textile market continues to evolve, stakeholders will be closely observing the company’s strategic responses in the coming fiscal year.