Karachi: Gadoon Textile Mills Limited announced its financial results for the year ended June 30, 2025, following a Board of Directors meeting held on August 7, 2025. The company reported a substantial increase in its profit for the year, classifying the change as a Big move in comparison to the previous year.
The Board of Directors decided against issuing any cash dividends, bonus shares, or rights shares for the fiscal year. The company also noted there were no other entitlements or corporate actions to report. The Annual General Meeting is scheduled for September 26, 2025, at the Gadoon Amaze' Industrial Estate in District Swabi, Khyber Pakhtunkhwa.
According to the financial statement, Gadoon Textile Mills Limited achieved net sales of 70.98 million, down from the previous year's 72.72 million. Despite this decrease, the company managed to report a gross profit of 6.33 million, up from 5.02 million in the previous year. Administrative expenses totaled 585,309, while distribution costs were reported at 887,641.
The finance cost experienced a Big move, declining to 2.52 million from 3.97 million. Other expenses were recorded at 432,295, an increase from 100,646 the previous year. The company noted an increase in other income, which rose to 484,857 from 450,004.
Profit before taxes saw a Big move, increasing to 3.60 million from 1.39 million in the previous year. After accounting for final, revenue, and income taxes, the net profit for the year was reported as 2.39 million, marking a Big move from the previous year's 794,548. Earnings per share for the year were calculated at 85.33, compared to 28.35 in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), the company's financial performance reflects significant strategic adjustments amid challenging market conditions. This announcement precedes the closure of the company's share transfer books, which will occur from September 19, 2025, to September 26, 2025, to determine entitlement to shareholders.
The annual report for the fiscal year ending June 30, 2025, will be distributed separately through PUCARS within the designated timeframe.