Lahore: Kohinoor Spinning Mills Limited, a company listed under the textile sector on the Pakistan Stock Exchange (PSX), has reported a significant increase in its financial losses for the fiscal year ending June 30, 2026. The firm's latest annual report, released on October 6, 2026, highlights a challenging year marked by operational hurdles and increased losses.

For the year 2026, Kohinoor Spinning Mills reported a net revenue of Rs 18,380,500, while the cost of sales amounted to Rs 15,690,000, resulting in a gross profit of Rs 2,690,500. Despite generating revenue, the company's administrative expenses were recorded at Rs 159,884,796, a decrease from Rs 202,951,575 in the previous year. Other operating expenses also saw a reduction to Rs 96,860,270 from Rs 304,605,449. However, the company still faced an operating loss of Rs 254,054,566.

The company's financial strain continued with a reported loss before levy and tax of Rs 210,247,921. Kohinoor Spinning Mills also incurred levies amounting to Rs 229,755, which pushed the loss before tax to Rs 210,477,676. Notably, the loss after tax stood at Rs 210,477,676 compared to Rs 494,210,668 in the previous fiscal year. The loss per share was reported at Rs 0.38, an improvement from the previous year's Rs 1.13.

In terms of assets, Kohinoor Spinning Mills reported non-current assets valued at Rs 2.84 billion, a decline from Rs 3.35 billion in 2025. Current assets totaled Rs 393.62 million, reflecting a decrease from Rs 470.13 million the previous year. The total assets of the company were valued at Rs 3.23 billion, down from Rs 3.83 billion in the previous fiscal year.

The company’s equity and liabilities revealed an authorized share capital increase to Rs 3 billion, up from Rs 2.2 billion. Issued, subscribed, and paid-up share capital rose to Rs 2.76 billion from Rs 2.18 billion. Other reserves also saw a rise to Rs 402.65 million from Rs 166.43 million. The surplus on revaluation of property, plant, and equipment decreased to Rs 1.32 billion from Rs 1.76 billion.

According to information available from the Pakistan Stock Exchange (PSX), Kohinoor Spinning Mills faced a decrease in directors' loans to Rs 103.06 million from Rs 692.03 million. Retained earnings stood at a deficit of Rs 4.47 billion, deepening from Rs 4.29 billion in the previous year. The total equity amounted to Rs 121.30 million, a significant reduction from Rs 499.36 million.

The company’s liabilities included non-current liabilities totaling Rs 31.69 million, slightly up from Rs 31.62 million. Current liabilities were reported at Rs 3.08 billion, down from Rs 3.30 billion. Total liabilities were recorded at Rs 3.11 billion compared to Rs 3.33 billion in the previous fiscal year.

Kohinoor Spinning Mills continues to face a challenging financial landscape as it navigates its operational and financial hurdles in the competitive textile industry.