Karachi: Gulshan Spinning Mills Limited has reported a significant increase in its annual loss for the financial year ending June 30, 2026. The company disclosed its financial statements on October 7, 2026, revealing a loss of 44.39 million rupees compared to a loss of 8.03 million rupees in the previous year.

The financial results highlight a substantial rise in losses from operations, which amounted to 44.39 million rupees, up from 16.27 million rupees recorded in the prior year. This was primarily due to increased administrative and other operating expenses. Administrative expenses were reported at 12.81 million rupees, a decrease from 16.27 million rupees in the previous year. However, the company incurred other operating expenses amounting to 31.58 million rupees, which were not present in the prior year's accounts.

Other income for the year stood at 163,746 rupees, a decrease from 8.25 million rupees in 2025. The finance cost slightly decreased to 162,229 rupees from 10,220 rupees in the previous year. The company did not report any taxation or levies for the current financial year.

The loss per share, both basic and diluted, was reported at 2.00 rupees, significantly higher than the 0.36 rupees reported in the prior year. This change is indicative of a very large or significant move in the company's financial health over the year.

According to information available from the Pakistan Stock Exchange (PSX), the textile sector, which includes Gulshan Spinning Mills Limited, faced various challenges throughout the year, impacting the overall financial performance of companies within this market category.