Karachi: Globe Textile Mills Limited has reported its financial results for the first quarter ending September 30, 2025, revealing increased losses compared to the same period last year. The company disclosed these figures in a report dated October 16, 2026.
The textile firm, classified under the designated market category, faced a net loss of Rs. 290,000 for the quarter, up from a net loss of Rs. 205,000 in the same quarter of 2024. This represents a very large or significant move of 41.46%. Revenue for the quarter remained at zero, mirroring the previous year’s figures and indicating a continued lack of sales activity.
Operating losses were reported at Rs. 290,000, compared to Rs. 205,000 in the prior year. The fixed overhead costs increased to Rs. 290,000 from Rs. 205,000, contributing to the widened loss for the period. Distribution costs and administrative expenses remained negligible, while the company reported no other operating expenses or income.
According to information available from the Pakistan Stock Exchange (PSX), Globe Textile Mills Limited's financial position remains unchanged in terms of total assets, which stood at Rs. 50.387 million as of September 30, 2025, the same as on June 30, 2025. Current assets, including amounts due from related parties and cash balances, also showed no movement during this period.
The company's equity and liabilities structure revealed a decrease in accumulated losses from Rs. 131.382 million to Rs. 131.672 million, reflecting the continued financial strain. Share capital remained steady with an issued, subscribed, and paid-up capital of Rs. 163.664 million.
Trade and other payables experienced a minor move, increasing from Rs. 18.105 million to Rs. 18.395 million. The company's total equity and liabilities were reported at Rs. 50.387 million, maintaining the same level as the previous fiscal quarter.
The results underscore the ongoing challenges faced by Globe Textile Mills Limited in reviving its revenue streams and managing its operational costs effectively.