Karachi: Haji Mohammad Ismail Mills Limited, a company listed in the textile sector of the designated market category, released its condensed interim statement of profit or loss for the first quarter ended September 30, 2026. The company reported an increase in its quarterly losses when compared to the same period last year.

For the quarter ending September 30, 2026, the company recorded operating expenses amounting to 1,449,514 rupees, up from 1,297,289 rupees in the corresponding quarter of 2025. This led to an operating loss of 1,449,514 rupees, compared to a loss of 1,297,289 rupees last year.

The financial report also highlighted a decrease in other income, which fell to 4,793 rupees from 12,856 rupees in 2025. Consequently, the loss before taxation increased to 1,444,721 rupees from 1,284,433 rupees.

The finance cost for the quarter was recorded at 863 rupees, a new addition from the previous year when no finance costs were reported. This adjustment resulted in a further increase in the loss before taxation, which rose to 1,445,584 rupees compared to 1,284,433 rupees in the first quarter of the previous year.

Taxation remained unchanged at zero for both years. As a result, the loss after taxation for the quarter ending September 30, 2026, stood at 1,445,584 rupees, reflecting a very large or significant move compared to the loss of 1,284,433 rupees in the same period of the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's loss per share, both basic and diluted, increased to 0.12 rupees from 0.11 rupees.

The financial figures underscore the challenges faced by Haji Mohammad Ismail Mills Limited in the current economic landscape, with increased operating expenses and reduced other income contributing to the widened losses.