Karachi: Globe Textile Mills Limited has reported its financial results for the half-year ended December 31, 2024, revealing a sustained downturn in its earnings. The report, dated January 21, 2026, was released following a Board of Directors meeting held on January 20, 2026, at the company’s registered office in Karachi. The directors announced that there would be no cash dividends, bonus shares, or right shares distributed for the period.

According to the company’s statement of profit and loss, Globe Textile Mills Limited recorded a net loss after taxation of 1,678,000 Rupees for the half-year ending December 31, 2024, compared to a net loss of 4,478,000 Rupees for the fiscal year ending June 30, 2024. The company reported a total comprehensive loss of 1,678,000 Rupees for the six-month period.

The company’s balance sheet highlights an issued, subscribed, and paid-up capital of 163.66 million Rupees, with accumulated losses amounting to 129.04 million Rupees as of December 31, 2024. This reflects an increase in accumulated losses from 127.36 million Rupees as of June 30, 2024.

The cash flow statement indicates a marginal net increase in cash and cash equivalents by 7,000 Rupees during the period, ending with a total of 46,000 Rupees as of December 31, 2024. The company’s operating activities generated a minimal cash flow of 7,000 Rupees after accounting for working capital changes.

According to information available from the Pakistan Stock Exchange (PSX), Globe Textile Mills Limited’s loss per share stands at 0.10 Rupees for the half-year, a minor move from the previous period’s 0.27 Rupees. The designated market category for the company remains unchanged.

The financial statements, including the statement of changes in equity and the statement of cash flows, are annexed to the report. The company intends to transmit the half-yearly report to the Pakistan Stock Exchange through PUCARS within the specified time frame.