Karachi: The Board of Directors of Premium Textile Mills Limited announced the financial results for the fiscal year ending June 30, 2026, during a meeting held on September 7, 2026, at their headquarters in Karachi. The company reported a notable increase in net profit despite a decline in sales.

For the year ended June 30, 2026, Premium Textile recorded a net profit of Rs. 856.84 million, a substantial rise from Rs. 55.65 million in the previous year. This increase in profitability is in sharp contrast to the company's sales figures, which showed a decrease from Rs. 29.01 billion in 2025 to Rs. 24.85 billion in 2026.

The company's gross profit rose to Rs. 4.16 billion, up from Rs. 3.88 billion in the previous year. Operating profit also saw an increase, reaching Rs. 3.03 billion from Rs. 2.80 billion last year. Finance costs were reduced to Rs. 1.81 billion from Rs. 2.44 billion, and other income increased to Rs. 542.39 million compared to Rs. 354.28 million in 2025.

According to information available from the Pakistan Stock Exchange (PSX), Premium Textile's earnings per share (EPS) for the fiscal year surged to Rs. 139.03, a significant move from Rs. 9.03 in the prior year. The Board has approved a cash dividend of 150%, equating to Rs. 15 per share, while no bonus shares or rights issues were declared.

The company's total assets stood at Rs. 30.41 billion, with non-current assets totaling Rs. 16.12 billion and current assets at Rs. 14.29 billion. The equity for the fiscal year was reported at Rs. 8.04 billion, while total liabilities amounted to Rs. 22.37 billion.

Premium Textile's financial performance highlights a strategic focus on cost management and operational efficiencies, which have helped offset the challenges posed by decreased sales. The reduction in finance costs and an increase in other income were instrumental in achieving the improved profitability figures.