گل احمد ٹیکسٹریل ملز نے سالانہ مالیاتی گوشوارے 2026 جاری کر دیے۔ Gul Ahmed reports FY26 net loss of PKR 923m; no dividend recommended due to loss.
مختصر جائزہ (Executive Summary)
گل احمد ٹیکسٹائل ملز لمیٹڈ نے مالی سال 2026 کی سالانہ مالیاتی رپورٹ جاری کر دی ہے۔ کمپنی کو چیلنجنگ معاشی ماحول، توانائی کے بڑھتے ہوئے اخراجات، اور برآمدی اپریل کے کاروبار کو بند کرنے کے فیصلے کے تحت 923 ملین روپے کا بعد از ٹیکس خسارہ برداشت کرنا پڑا، جبکہ پچھلے سال 4,023 ملین روپے کا منافع ہوا تھا۔ کمپنی نے اپنے بیلنس شیٹ کو مضبوط بنانے، قرضوں میں کمی اور توانائی کے متبادل ذرائع (قابلِ تجدید توانائی) پر بھرپور توجہ مرکوز کی ہے۔
اہم مالیاتی موازنہ (Financial Highlights - FY2026 vs FY2025)
| تفصیل (Rs. in million) | FY2026 | FY2025 | تبدیلی (%) |
|---|---|---|---|
| کل فروخت (Total Sales) | 131,090 | 157,905 | (16.98%) |
| مجموعی منافع (Gross Profit) | 10,008 | 18,900 | (47.05%) |
| منافع قبل از ٹیکس (Profit Before Tax) | 855 | 6,718 | (87.28%) |
| خسارہ بعد از ٹیکس ((Loss)/Profit After Tax) | (923) | 4,023 | (122.93%) |
سال کے دوران مالی نقصان کے پیش نظر بورڈ آف ڈائریکٹرز نے مالی سال 2026 کے لیے کسی قسم کے ڈیویڈنڈ (ڈویڈنڈ: Nil) کی سفارش نہیں کی ہے۔
Executive Summary
Gul Ahmed Textile Mills Limited has released its Annual Report for the year ended June 30, 2026. The company experienced a challenging operational and macroeconomic environment marked by high energy costs and global demand pressures. Conscious strategic choices—including the exit from the Export Apparel segment (recording a discontinued operations loss of Rs. 950 million) and keeping certain capacity idle to avoid stressed credit markets—weighed on short-term earnings. However, these steps successfully strengthened the balance sheet, reducing trade inventory by Rs. 18.7 billion, generating strong operating cash flow of Rs. 21.3 billion, and lowering short-term borrowings and finance costs.
Financial Highlights (FY2026 vs FY2025)
| Description (Rs. in million) | FY2026 | FY2025 | Change (%) |
|---|---|---|---|
| Export sales (direct and indirect) | 113,626 | 143,094 | (20.59%) |
| Local sales | 17,464 | 14,811 | 17.91% |
| Total sales | 131,090 | 157,905 | (16.98%) |
| Gross profit | 10,008 | 18,900 | (47.05%) |
| Profit before tax | 855 | 6,718 | (87.28%) |
| Profit after tax, continuing operations | 28 | 5,189 | (99.46%) |
| Loss after tax, discontinued operations | (950) | (1,166) | 18.49% |
| Total (Loss) / profit after tax | (923) | 4,023 | (122.93%) |
Strategic Transformation & Opportunities
- Renewable Energy Transition: 20 MW rooftop solar and battery storage operational at Landhi; further wind/solar capacity planned at Landhi and Nooriabad to lower energy costs significantly by March 2027.
- Manufacturing Consolidation: Moving operations to Nooriabad alongside self-generated renewable power and setting up a spunlace nonwoven line for higher-margin technical textiles.
- Working Capital Improvement: Stock-in-trade reduced by Rs. 18.7 billion (31%), boosting operating cash flow to Rs. 21.3 billion and reducing short-term borrowings.
Risks & Concerns
- Elevated energy prices, gas levy pressures, and rising policy interest rates (11.5%).
- Delayed sales tax refunds and custom duty burdens on raw material imports impacting export competitiveness.
In view of the net loss for the year, the Board of Directors has not recommended any dividend for the year ended June 30, 2026 (Nil).