Ruby Textile Mills Reports Continued Losses Amidst Asset Decline

Lahore: Ruby Textile Mills Limited has announced its financial results for the fiscal year ending June 30, 2025, reporting another challenging year with a net loss of 24.96 million rupees. The announcement, made during the Board of Directors meeting held on October 3, 2025, at the company’s head office in Lahore, highlighted the absence of any cash dividends, bonus shares, or right shares for shareholders.

The financial statement revealed a decrease in total assets, which stood at approximately 904.79 million rupees, down from 930.28 million rupees in the previous year. This decline was primarily attributed to a reduction in non-current assets, with property, plant, and equipment values falling from 902.79 million rupees to 874.35 million rupees.

Current assets experienced a slight increase to 29.14 million rupees from 26.18 million rupees, driven by a rise in government receivables. Despite this, the company faced mounting accumulated losses, which surged to 936.64 million rupees from 922.13 million rupees the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's equity and liabilities saw adjustments, with non-current liabilities reducing to 47.32 million rupees from 80.25 million rupees, reflecting a repayment of long-term financing. Current liabilities rose to 170.99 million rupees from 145.14 million rupees, influenced by an increase in trade and other payables.

The profit and loss statement highlighted a reduction in losses before taxation, which decreased to 24.96 million rupees from 45.24 million rupees in the prior year. Administrative and general expenses fell to 57.25 million rupees, a moderate move from the previous year's 64.11 million rupees, while other income increased to 25.35 million rupees.

Overall, Ruby Textile Mills Limited continues to navigate through financial challenges, with strategic adjustments in liabilities and efforts to manage operating expenses, yet the company's performance remains under scrutiny as it seeks to stabilize its financial position in the market.