Lahore: Nazir Cotton Mills Ltd has reported its financial results for the quarter ending September 30, 2025, revealing a continued pattern of financial losses. The board of directors convened on October 24, 2025, at the company's registered office in Lahore, where they decided not to declare any cash dividends, bonus shares, right shares, or any other corporate actions.

The company's financial statement shows a total equity and liabilities figure of 288.91 million rupees, slightly down from 289.43 million rupees reported as of June 30, 2024. The share capital remains unchanged at 230 million rupees, with a capital reserve including a surplus on revaluation of property, plant, and equipment amounting to 278.62 million rupees. The accumulated loss has increased to 419.32 million rupees from 417.04 million rupees, indicating a persistent downturn in financial performance.

Current liabilities have risen to 140.96 million rupees from 139.19 million rupees, primarily due to an increase in trade and other payables. The company's assets include non-current assets valued at 240.71 million rupees and current assets reduced to 3.02 million rupees from 3.52 million rupees.

The financial report highlights a gross loss of 139,125 rupees for the quarter, compounded by administrative and general expenses totaling 2.35 million rupees. Other operating income stands at 355,244 rupees, contributing to a loss before income tax and levies of 2.28 million rupees. This represents an improvement compared to the previous quarter's loss of 5.48 million rupees. The loss per share is reported at 0.10 rupees, an improvement from 0.24 rupees previously.

According to information available from the Pakistan Stock Exchange (PSX), the company's financial position remains challenged with no significant changes in its capital structure or dividend payouts. The cash flow statement reveals a net cash generation from operating activities of 327,824 rupees, contrasting with a cash usage of 3.51 million rupees for the same period last year. Despite this positive cash flow from operations, the company has not engaged in any major investing or financing activities during the quarter.

The company's total comprehensive loss for the quarter is reported at 2.28 million rupees, reflecting ongoing financial struggles in a competitive market category. The board's decision not to declare dividends underscores the continued effort to stabilize and improve the company's financial health amidst prevailing market conditions.