Karachi: Mahmood Textile Mills Limited has released its annual financial report for the year ending June 30, 2026, showing marked changes across several key financial metrics. This report, dated October 8, 2026, provides insights into the company's performance compared to the previous fiscal year.
The company's unconsolidated statement of profit or loss highlights a significant increase in sales, which rose to 56.33 billion rupees from 51.61 billion rupees in 2025. This change represents a very large move of 9.15%. However, the gross profit saw a decline, registering at 6.53 billion rupees compared to 6.73 billion rupees in the prior year.
Operating expenses were reduced, with distribution costs decreasing to 620.44 million rupees from 1.05 billion rupees, and administrative expenses remaining relatively stable at approximately 1.05 billion rupees. Consequently, the operating profit improved to 4.86 billion rupees from 4.62 billion rupees.
Finance costs reduced to 3.59 billion rupees from 3.79 billion rupees, contributing to a profit before levy and taxation of 1.52 billion rupees, up from 1.27 billion rupees the previous year. Despite a higher levy and final taxation cost of 775.38 million rupees, the net profit for the year ended at 758.26 million rupees, slightly down from 789.47 million rupees in 2025.
Earnings per share also saw a reduction, with the basic and diluted earnings per share reported at 25.28 rupees, down from 26.32 rupees.
According to information available from the Pakistan Stock Exchange (PSX), Mahmood Textile Mills Limited's total assets as of June 30, 2026, stood at 51.23 billion rupees, an increase from 49.43 billion rupees in 2025. Non-current assets decreased to 23.53 billion rupees, while current assets rose to 25.91 billion rupees.
Shareholders' equity increased to 18.02 billion rupees from 17.26 billion rupees, supported by an increase in reserves. However, non-current liabilities saw a slight decline, totaling 8.07 billion rupees compared to 8.42 billion rupees in the previous year.
Current liabilities rose to 25.15 billion rupees from 23.75 billion rupees, primarily due to an increase in short-term borrowings, which amounted to 15.67 billion rupees compared to 14.70 billion rupees in 2025.
The financial results reflect the company's strategic adjustments and operational efficiencies over the fiscal year. The report provides stakeholders with a comprehensive view of Mahmood Textile Mills Limited's financial trajectory, set against the backdrop of the broader textile market category.