Karachi: Nadeem Textile Mills Limited released its financial results for the year ending June 30, 2026, revealing a notable decrease in net sales and a substantial loss. The company reported net sales of 2.13 billion rupees, a considerable drop from 4.89 billion rupees the previous year. This represents a very large or significant move in sales figures.

According to the financial statement dated November 5, 2026, the cost of sales also decreased to 2.40 billion rupees from the previous year's 5.42 billion rupees. The reduction in cost of sales resulted in a gross loss of 278.72 million rupees, improving from a gross loss of 527.18 million rupees a year earlier.

The distribution costs fell to 43.06 million rupees from 85.61 million rupees, while administrative expenses slightly decreased to 159.90 million rupees from 173.64 million rupees. Other operating expenses increased to 44.80 million rupees from 28.74 million rupees. The company's other operating income decreased to 17.14 million rupees, down from 44.70 million rupees.

Operating loss for the year stood at 509.33 million rupees, an improvement from the previous year's loss of 770.47 million rupees. Finance costs were reported at 311.44 million rupees, down from 506.88 million rupees. Consequently, the loss before levies and taxation was 820.77 million rupees, compared to 1.28 billion rupees in the previous year.

Levies amounted to 27.47 million rupees, down from 61.16 million rupees. The loss before taxation reached 848.24 million rupees, improving from the prior year's 1.34 billion rupees. Taxation for the current year was noted at 41.66 million rupees, with no taxation reported in the previous year.

The company concluded the year with a loss of 889.90 million rupees, a reduction from the previous year's loss of 1.34 billion rupees. Loss per share, both basic and diluted, was recorded at 41.84 rupees, compared to 62.94 rupees in the prior year.

According to information available from the Pakistan Stock Exchange (PSX), Nadeem Textile Mills operates within the textiles market category. The company's financial results reflect significant challenges amidst market pressures and economic fluctuations.