ARTISTIC DENIM MILLS
February 26, 2026
ARTISTIC DENIM MILLS LT e
Plot # 5-9 & 23-26, Sector 16, Korangi Industrial Area, Karachi, Pakistan.
Tel : (92-21) 111-236-236 Fax : (92-21 ) 3505-4652 Web: www.admdenim.com
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Re: FINANCIAL RESULTS FORTHE HALF YEAR ENDED DECEMBER 31, 2025
Dear Sir,
We have to inform you that the Board of Directors of Artistic Denim Mills Limited in their meeting held on February 26, 2026 at 4:00 p.m. at Registered Ofiice, Plot No. 5 - 9, 23 - 26, Sector 16, Korangi Industrial Area, Karachi, has made the following recommendations to the Shareholders:
CASH DIVIDEND: Nil
BONUS SHARES: Nil
RIGHT SHARES: Nil
ANY OTHER ENTITLEMENT/ CORPORATE ACTION: Nil
ANY OTHER PRICE SENSITIVE INFORMATION:
The financial results of the Company containing Condensed Interim Statement of Profit or Loss, Statement of Comprehensive Income, Statement ofFinancial Position, Statement of Changes in Equity and Statement of Cash Flows for the half year ended December 31, 2025 are annexed herewith.
The Half Yearly Report of the Company for the half year ended December 31, 2025 will be transmitted through PUCARS separately, within specified time.
Thank you,
Sincerely,
For Arti im Mills Limited
Muhammad Faisal Ahmed ChiefExecutive
Encl: As stated above.
ARTISTIC DENIM MILLS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (UN-A t/DITED)Half Year Ended Quarter Ended
December 31, December 31,
2025 2024 2025 2024(215,511) | (258,766) | (98,591) | (123,577) |
(130,326) | (132,847) | (66,663) | (66,891) |
(13,776) | 3,291 | ||
27,559 | 121,511 | 13,921 | 57,030 |
- - - - - - - - - - - - - - - - (Rupees in '000') - - - - - - - - - - - - - - -
Turnover - net | 7,473,964 | 9,339,708 | 3,175,525 | 4,082,259 |
Cost of sales | (6,964,107) | (8,586,558) | (2,933,059) | (3,720,893) |
Gross profit | 509,857 | 753,150 | 242,466 | 361,366 |
Distribution costs | ||||
Administrative expenses | ||||
Other operating expenses | ||||
Other income | ||||
(318,278) | (283,878) | (151,333) | (130,147) | |
Operating profit | 191,579 | 469,272 | 91,133 | 231,219 |
Finance costs | (408,293) | (327,822) | (212,322) | (170,458) |
(Loss) / profit before Levies and Tax | (216,714) | 141,450 | (121,189) | 60,761 |
Levies | (77,528) | (126,014) | (23,458) | (50,421) |
(Loss) / profit before Tax | (294,242) | 15,436 | (144,647) | 10,340 |
Taxation | ||||
Net (loss) / profit for the period | 294 242 | 15,436 | 144 647 | 10,340 |
Basic & diluted earnings per share (Rupees) | (3.50) | 0.18 | (1.72) | 0.12 |
Chief cutive
Director ChiefI Officer
ARTISTIC DENIMMILLS LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (UN-A UDITED)
Half Year Ended Quarter Ended December 31, December 31,
2025 2024 2025 2024
ees n )
Net (loss) / profit for the period
ncial Officer
Other comprehensive income
(294,242)
15,436 (144,647) 10,340
Total comprehensive (loss) / income for the period
ChiefExecutive
294 242 15,436 144 647 10 340
ARTISTIC DENIM MILLS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025
ASSETS
Non-Current Assets
Note
(IJnaudited) (Audited)
December 31, June 30,
202$ 2025
- - - - •pees in '000' - - - -
Property, plant and equipment Long term loans
Long-term deposits
5 10,887,528
25,343 1,95711,262,288
28,048
1,957
Deferred tax 6
Current Assets Stores and spares Stock-in-trade Trade debts
Loans and advances
Trade deposits and prepayments Other receivables
Short-term investments Sales tax refundable Taxation - net
Cash and bank balances
10,914,828
266,963 | 246,802 |
7,624,983 | 7,312,730 |
3,647,135 | 4,437,579 |
66,933 | 88,114 |
11,666 | 8,137 |
148,849 | 206,070 |
500,433 | 418 |
430,572 | 195,200 |
193,782 | 101,836 |
241,088 | 595,922 |
7
8
11,292,293
13,132,404 13,192,808E9 UITY AND LIABILITIES
Share Capital And Reserves Authorized share capital
24,047,23224,485,101
500,000,000 (June 30, 2025: 500,000,000)ordinary shares ofRs.10/- eac 5,000,000 5,000,000
Issued, subscribed and paid-up capital
840,000
840,000
Reserves 6,535,339 6,829,581
Non-Current Liabilities Long-term financing Deferred liability
Current Liabilities
Trade and other payables Unclaimed dividend Accrued mark-up
Short term borrowings
Current maturity of long-term financing
7,375,3394,190,049 | 2,168,881 |
433,328 | 377,886 |
9
10
4,623,3773,151,112 | 3,235,129 |
3,760 | 3,771 |
158,116 | 145,156 |
8,172,748 | 10,321,791 |
562,780 | 562,906 |
11
12
12,048,5167,669,581
2,546,767
14,268,753
Contingencies and Commitments
13
24 47 232 24,485,101
Chie
ial Officer
ARTISTIC DENIMMILLS LIGHTED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (UN-A UDITED) issued,
Revenue Reserve
Actuarial
subscribed andpaid-up capitalUnappropriat ed profit
(loss)7 gain on defined benefii plan
raf•/ Total Equip Jteserve
15,436 | - | 15,436 | 15,436 |
Total comprehensive income for the period - Transactions with owners | 15,436 | - | 15,436 | 15,436 | |
Cash dividend paid @ Rs. 1 per ordinary share ofRs.10 each for the year ended June 30, 2024 | (84,000) | (84,000) | (84,000) | ||
Balance as at December 31, 2024 | 840,000 | 7,261,419 | (70,737) | 7,190,682 | 8,030,682 |
Balance as at July 01, 2025 | 840,000 | 6,794,884 | 34,697 | 6,829,581 | 7,669,581 |
Net loss for the period Other comprehensive income | |||||
Total comprehensive loss for the period | - | (294,242) | - | (294,242) | (294,242) |
Balance as at December 31, 2025 | 840,000 | 6,500,642 | 34,697 | 6,535,339 | 7,375,339 |
Balance as at July 1 , 2024 Net profit for the period Other comprehensive income
840.000 7,329,983 (70,737) 7,259,246 8,099,246
- | (294,242) | - | (294,242) | (294,242) |
"hiefExecutive
Chie.
As T+sT+c oENIM MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (UN-AUDITED)
Half Year Ended
December 31,
2025 2024
CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) / profit before levies and taxation Adjustments for non-cash charges and other items:
Note
Rupees in '000'• - - -
(216,714) 141,450
Depreciation | 5.1 | |
Provision for gratuity | ||
Gain on disposal of short term investment | ||
Dividend income | ||
Income released from government grant | ||
Gain on disposal of operating fixed assets | ||
Finance cost | ||
980,005 800,574 |
516,561 | 509,428 |
66,880 | 53,170 |
(3,708) | (33,662) |
(22) | (3,987) |
(1,669) | |
(6,330) | (52,197) |
408,293 | 327,822 |
Profit before working capital changes (Increase) / decrease in current assets
Stores and spares
Stock-in-trade Trade debts
Loans and advances
Trade deposits and short-term prepayments Other receivables
763,291
942,024
(Decrease) / increase in current liabilities Trade and other payables
297,531 (2,162,741)
(20,161) | 7,044 |
(312,253) | (t,799,207) |
790,444 | 242,222 |
21,181 | 5,052 |
(3,529) | (13,321) |
(178,151) | (604,531) |
(79,177) (377,395)
Cash generated from / (used in) operations Income taxes paid - net
Gratuity paid Finance costs paid
981,645
(169,474) | (212,023) |
(14,756) | (14,416) |
(395,333) | (359,160) |
(579,543)
(1,598,112)
(585,599)
Net cash generated from / (used in) operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure
Short-term investment -net Long-term loans - net Dividend received
Proceeds from disposal of operating fixed assets
Net cash (used in) / generated from investing activities
CASE FLOWS FRO3f FINANCING ACTIVITIES
5.1 & 5.2
8
402,102 (2,183,711)
(145,014) | (167,862) |
(496,307) | 168,638 |
2,705 | (5,664) |
22 | 3,987 |
9,544 | 69,139 |
(629,050) 68,238
Long-term financing obtained / (repaid) - net | 9 | |
Short-term borrowings (repaid) / obtained - net | 12 | |
Dividends paid | ||
Net cash generated from / (used in) financing activities | (127,886) 1,763,273 |
2,021,167 | (283,687) |
(2,149,043) | 2,130,707 |
(10) | (83,747) |
Net decrease in cash and cash equivalents
(354,834)
(352,200)
Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period
* Cash and cash equivalents comprise of cash and bank balances.
Director
C ecutive
595,922 692,466
Chie
ial Officer
241,088 340,266