Karachi: Gulshan Spinning Mills Ltd has reported a substantial increase in its annual losses for the financial year ending June 30, 2026, according to its recently released financial results. The company announced a loss after taxation of 44.39 million rupees, a significant move from the 8.03 million rupees loss recorded the previous year.

The report, dated October 6, 2026, shows that while the company did not generate any sales during the period under review, its cost management reflected through administrative and general expenses decreased to 12.81 million rupees from 16.27 million rupees. However, this reduction was overshadowed by other operating expenses amounting to 31.58 million rupees, a new entry that heavily influenced the financial outcome.

According to information available from the Pakistan Stock Exchange (PSX), the company's loss from operations surged to 44.39 million rupees, contrasting sharply with the 16.27 million rupees recorded in the previous financial year. This substantial increase underscores the challenges faced by Gulshan Spinning Mills Ltd, a company operating within the designated market category of textile manufacturing.

The financial report further indicated that despite receiving other income of 163,746 rupees, an increase from 8.25 million rupees, the company's finance costs slightly rose to 162,229 rupees from 10,220 rupees. Consequently, the loss before taxation and levies expanded to 44.39 million rupees from the previous year's 8.03 million rupees.

Earnings per share reflected this downturn, registering a decrease to negative 2.00 rupees from negative 0.36 rupees. The absence of taxation adjustments in both financial years left the loss after taxation unchanged at 44.39 million rupees for 2026, compared to 8.03 million rupees in 2025.