Karachi: Mubarak Textile Mills Limited, in its annual report for the fiscal year ending June 30, 2026, has disclosed a notable financial turnaround, showcasing a net profit of 9,108,890 rupees, a significant recovery from the previous year's loss of 1,616,792 rupees. Released on October 6, 2026, the report highlights a series of financial developments that have contributed to this change.
The financial position of Mubarak Textile Mills reflected total assets amounting to 285.38 million rupees, up from 275.15 million rupees in the previous year. This growth is primarily attributable to an increase in non-current assets, which rose from 269.88 million rupees to 276.05 million rupees. Key contributors include property and equipment valued at 137.11 million rupees and investment property at 136.44 million rupees.
Current assets experienced an increase to 9.33 million rupees from 5.27 million rupees, driven by a substantial rise in advance income tax to 8.11 million rupees, compared to 2.37 million rupees in the previous fiscal year. However, cash and bank balances saw a decline to 825,660 rupees from 1.19 million rupees.
Shareholders' equity rose to 233.05 million rupees from 219.56 million rupees, reflecting a robust equity position bolstered by a surplus on the revaluation of property and equipment, totaling 256.16 million rupees. Notably, the unappropriated losses have been reduced to 77.11 million rupees from 87.21 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company's financial performance demonstrated a big move, with a profit before taxation soaring to 2.92 million rupees from 565,959 rupees the previous year, signifying a substantial upturn.
The report also details a reduction in non-current liabilities to 48.32 million rupees from 49.26 million rupees, largely due to a decrease in employee benefit obligations. Current liabilities were reported at 3.91 million rupees, down from 6.23 million rupees, reflecting efficient management of trade creditors and other payables.
Mubarak Textile Mills Limited's operating loss widened slightly to 10.24 million rupees from 9.78 million rupees, despite an increase in other operating income to 10.04 million rupees. However, a notable unrealized gain of 3.13 million rupees on the remeasurement of investment property significantly contributed to the positive financial outcome.
The company's basic earnings per share improved to 1.69 rupees from a loss of 0.30 rupees, underscoring the financial recovery achieved over the fiscal year.