Lahore: Sally Textile Mills Limited has disclosed its financial results for the year ended June 30, 2026, revealing a continued financial decline. The company's board of directors convened on September 14, 2026, to approve the annual financial statements, highlighting a challenging fiscal year with no dividends or other entitlements declared.

The company, listed under the textile manufacturing category on the Pakistan Stock Exchange, reported a revenue of zero, with the cost of sales at 28.56 million rupees, leading to a gross loss of the same magnitude. Administrative expenses amounted to 10.11 million rupees, contributing to an operating loss of 38.67 million rupees. The financial results culminated in a loss after taxation of 30.57 million rupees, increasing from the previous year's loss of 29.20 million rupees. Consequently, the earnings per share dropped to a negative 3.48 rupees from the prior year's negative 3.33 rupees.

According to information available from the Pakistan Stock Exchange (PSX), Sally Textile Mills' equity position remains negative, with total equity standing at negative 512.87 million rupees, compared to negative 493.04 million rupees the previous year. The accumulated losses reached 1.67 billion rupees, reflecting a further deterioration from the previous fiscal year.

The company’s total assets fell slightly to 1.44 billion rupees from 1.47 billion rupees, with non-current assets accounting for 679.07 million rupees and current assets maintaining a steady 760.06 million rupees. Meanwhile, liabilities, both current and non-current, remained largely unchanged, with current liabilities totaling 1.84 billion rupees.

Sally Textile Mills has scheduled its Annual General Meeting for October 23, 2026, to be held at its registered office in Lahore. The share transfer books will be closed from October 17, 2026, to October 23, 2026. The company's annual report will be disseminated via PUCARS at least 21 days before the meeting.