Karachi: Ham Mohammad Ismail Mills Limited has reported a significant escalation in its financial losses for the nine-month period ending March 31, 2025. The company’s latest financial disclosure reveals a loss after taxation of 5.10 million rupees, a noticeable increase from the 3.81 million rupees loss recorded during the same period in 2024.

For the quarter ending on March 31, 2025, the company reported a loss of 1.40 million rupees, slightly down from the 1.42 million rupees loss in the same quarter of the previous year. This indicates a continuing trend of financial challenges for the company, primarily driven by rising operating expenses, which reached 5.13 million rupees for the nine-month period, up from 3.86 million rupees in 2024. The administrative expenses for the quarter were 1.41 million rupees, compared to 1.44 million rupees in the prior year.

Other income for the nine months stood at 35,745 rupees, down from 55,710 rupees in 2024. In the quarter, the company recorded other income of 10,433 rupees, a decline from 17,834 rupees in the previous year. The finance cost remained minimal, with only 768 rupees incurred during the nine months, reflecting a slight increase from 401 rupees in the previous year's quarter.

According to information available from the Pakistan Stock Exchange (PSX), the company’s loss per share for the nine months was reported at 0.43 rupees, compared to 0.32 rupees in the corresponding period last year. For the quarter, the loss per share remained unchanged at 0.12 rupees.

The financial results of Ham Mohammad Ismail Mills Limited highlight ongoing operational challenges amidst an environment of rising costs, impacting the company's financial health and investor sentiment in the designated market category on the PSX.