Karachi: Haji Mohammad Ismail Mills Limited has reported its financial results for the third quarter and nine months ending on March 31, 2025. According to the un-audited financial statements, the company recorded no sales, manufacturing, or purchasing activity during this period, mirroring the same inactivity as the corresponding timeframe last year.

The financial report also revealed a pre-tax loss amounting to Rs.5.10 million. The earnings per share stood at a loss of Rs.0.43. Despite these setbacks, the company has no outstanding trading liabilities. However, its financial position remains strained due to adverse market conditions.

According to information available from the Pakistan Stock Exchange (PSX), a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP) against the company is still under consideration in the High Court of Sindh. The management is actively defending the case.

While political stability and reduced markup rates have contributed to improved business activities, the company identifies the prices of electricity, gas, and petroleum as ongoing obstacles to national economic growth. Management is optimistic about future opportunities, focusing on potential corporate restructuring or merger as a way forward.

The company has also ensured compliance with the Code of Corporate Governance Regulations as stipulated by the SECP. In conclusion, the board expressed appreciation for the dedication of its staff, support from shareholders, and backing from bankers during these challenging times.