Karachi: Nadeem Textile Mills Limited, a notable entity in the designated market category of textile manufacturing, has reported significant financial losses for the nine-month period ending March 31, 2025. The company disclosed these results following a board meeting held on May 27, 2025.

According to the financial statement, the company recorded net sales of 4.36 billion rupees for the nine months, a sharp decrease compared to the previous year's 9.47 billion rupees. The cost of sales exceeded net sales, amounting to 4.57 billion rupees, resulting in a gross loss of 213.56 million rupees. For the quarter ending March 31, 2025, net sales were reported at 974.12 million rupees, with a gross loss of 99.29 million rupees.

Administrative expenses stood at 127.97 million rupees, while distribution costs were 74.12 million rupees for the nine months. These expenses contributed to an operating loss of 415.66 million rupees, significantly higher than the 28.59 million rupees operating loss reported in the same period of the previous year.

Finance costs further exacerbated the company's financial position, amounting to 410.50 million rupees. Despite some relief from other operating expenses, which showed a positive balance of 8.18 million rupees, the overall loss before levies and taxation reached 817.97 million rupees. After accounting for levies and net taxation, the loss before taxation was reported at 872.49 million rupees.

The company's net loss after taxation was 648.72 million rupees, an increase from the 493.56 million rupees loss recorded in the same period last year. The basic and diluted loss per share was reported at 30.50 rupees, compared to 23.21 rupees previously.

No cash dividends, bonus issues, right shares, or other corporate actions were recommended during the board meeting. According to information available from the Pakistan Stock Exchange (PSX), the company's financial performance reflects ongoing challenges in the textile sector.

The company announced that the share transfer books would remain closed, with specific dates not applicable, and that the quarterly report for the period ending March 31, 2025, will be made available through PUCARS in due course.