Karachi: Suhail Jute Mills Limited's financial report for the fiscal year ending June 30, 2026, illustrates slight changes in its financial position, according to a recent disclosure. The report, released on October 6, 2026, highlights various adjustments in both equity and liabilities, albeit with a continued absence of sales.

The company's issued, subscribed, and paid-up capital remained constant at 43,328,190 rupees. Revenue reserves showed a minor move, decreasing from negative 1.10 billion rupees in 2025 to negative 1.16 billion rupees in 2026. The revaluation surplus experienced a moderate move, increasing from 1.66 billion rupees to 1.71 billion rupees. The merger reserve stayed unchanged at 196.36 million rupees.

On the liabilities front, non-current liabilities recorded an increase in staff retirement benefits, climbing from 7.71 million rupees to 8.47 million rupees. Current liabilities showed notable changes, with trade and other payables rising from 255.44 million rupees to 271.71 million rupees, and accrued markup seeing a minor move from 75.03 million rupees to 77.64 million rupees. The loan from directors also increased significantly from 374.86 million rupees to 407.11 million rupees.

Total equity and liabilities amounted to 1.75 billion rupees, up from 1.70 billion rupees the previous year. The company's non-current assets increased from 1.69 billion rupees to 1.74 billion rupees, while current assets decreased from 5.28 million rupees to 4.42 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), Suhail Jute Mills Limited reported no sales or cost of sales for the fiscal year, a continuation from the prior year, resulting in a gross loss of zero. Administrative expenses increased to 54.88 million rupees from 52.50 million rupees, and the finance cost remained relatively stable, showing a minor move from 2.64 million rupees to 2.63 million rupees.

The company recorded a loss before taxation of 57.51 million rupees, compared to the previous year's loss of 55.13 million rupees. With no taxation for both years, the loss after taxation mirrored the loss before taxation, and the loss per share increased from 12.72 rupees to 13.27 rupees.

Despite the financial challenges reflected in the report, the company's management continues to navigate the market's complexities without any significant shifts in its primary business activities.