Karachi: Paramount Spinning Mills Limited has released its financial results for the third quarter ended March 31, 2026, indicating significant shifts in cash flows despite continued losses. The company’s financial report, dated April 28, 2026, illustrates complex financial movements across its operating, investing, and financing activities.

The company’s operations generated cash outflows, with cash generated from operations recorded at a loss of 3,416,494 rupees compared to a slightly larger loss of 3,663,436 rupees in the previous year. Finance costs paid were reduced this year to 1,868 rupees from 7,223 rupees last year. Other income for the period stood at 20,227,711 rupees, although the net cash used in operating activities showed a swing from a positive 16,557,052 rupees last year to a negative 3,418,362 rupees this year, marking a very large or significant move.

In terms of investing activities, there were no new proceeds from the sale of operating fixed assets for the current period, contrasting with 592,525 rupees in the previous year. This resulted in a net cash used in investing activities of 592,525 rupees.

Financing activities highlighted a repayment of a loan from associates and other parties, netting an outflow of 1,030,001 rupees compared to a larger outflow of 7,739,962 rupees last year. The significant repayment of a sub-ordinate loan amounting to 16,487,400 rupees last year was not repeated in this period. Consequently, the net cash generated from financing activities was a negative 1,030,001 rupees, as opposed to a negative 24,227,362 rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), the net decrease in cash and cash equivalents was 4,448,363 rupees this year, compared to a more substantial decrease of 7,077,785 rupees last year. The cash and cash equivalents at the beginning of the year were 8,381,717 rupees, reducing to 3,933,354 rupees by the end of the year.

The balance sheet detailed changes in equity, with the share capital remaining constant at 173,523,290 rupees. However, the accumulated losses were reported at 1,377,614,132 rupees, reflecting a comprehensive loss of 3,934,932 rupees for the nine months ended March 31, 2026. The designated market category for these financial activities remains undisclosed within the report.

Overall, the financial results depict a company grappling with significant cash flow challenges amid ongoing losses, necessitating strategic financial management to stabilize its financial position.