ARTISTIC DENiM MiLLS LTD.
Plot # 5-9 & 23-26, Sector 16, Korangi Industrial Area, Karachi, Pakistan.
ARTISTIC DENIM MlLLs Tel : (92-21) 111-236-236 Fax : (92-21) 3505-4652 Web: www.admdenim.com
April 29, 2026
The General Manager,
Pakistan Stock Exchange Limited,
Stock Exchange Building, Stock Exchange Road, Karachi.
Re: FINANCIAL RESULTS FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026
Dear Sir,
We have to inform you that the Board of Directors of Artistic Denim Mills Limited in their meeting held on April 29, 2026 at 4:00 p.m. at Registered Office, Plot No. 5 - 9, 23 - 26, Sector 16, Korangi Industrial Area, Karachi, has made the following recommendations
CASH DIVIDEND: Nil.
BONUS SHARES: Nil
RIGHT SHARES: Nil
ANY OTHER ENTITLEMENT / CORPORATE ACTION: Nil
Arrv oTnER RICE 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 period ended March 31, 2026 are annexed herewith.
The Nine Months Report of the Company for the nine months period ended March 31, 2026 will be transmitted through PUCARS separately, within specified time.
Thank you,
Sincerely,
For Artistic Denim Mills Limited
M h 'd O r e h'
Dueator & Co paQu S ecretary
Encl: As stated above.
ARTISTIC DENIM MILLS LIMITEDCONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2026 (UN-AUDITED)
March 31, June 30,
2026 2025ASSETS | Note | (Un-audited) | (Audited) |
NON-CURRENT ASSETS | |||
Property, plant and equipment | 5 | 10,731,793 | 11,262,288 |
Long-term loans | 22,115 | 28,048 | |
Long-term deposits | 1,957 | 1,957 | |
Deferred tax asset | 6 | - 10,755,865 | - 11,292,293 |
CURRENT ASSETS | |||
Stores and spares | |||
Stock-in-trade | |||
Trade debts | |||
Loans and advances | |||
Trade deposits and short-term prepayments | |||
Other receivables | |||
Short-term investments | |||
Sales tax refundable | |||
Taxation - net | |||
Cash and bank balances | |||
12,662,810 | 13,192,808 | ||
23,418,675 | 24,485 101 | ||
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES | |||
Authorised capital 500,000,000 (2025: 500,000,000) ordinary shares ofRs. 10/- each | 5,000,000 | ||
Share capital | 7 | 840,000 | 840,000 |
Reserves | 6,397,239 | 6,829,581 | |
7,237,239 | 7,669,581 | ||
NON-CURRENT LIABILITIES | |||
Long-term financing | 4,082,492 | 2,168,881 | |
Deferred liability | 447,966 | 377,886 | |
4,530,458 | 2,546,767 | ||
CURRENT LIABILITIES | |||
Trade and other payables | |||
Unclaimed dividend | |||
Accrued mark-up | |||
Short-term borrowings | |||
Current maturity of long-term financing | |||
11,650,978 | 14,268,753 | ||
(Rupees in '000)
272,015 | 246,802 |
7,666,787 | 7,312,730 |
3,470,390 | 4,437,579 |
106,186 | 88,114 |
6,813 | 8,137 |
157,081 | 206,070 |
433 | 418 |
304,215 | 195,200 |
227,075 | 101,836 |
451,815 | 595,922 |
2,008,772 | 3,235,129 |
3,760 | 3,771 |
174,908 | 145,156 |
8,925,022 | 10,321,791 |
538,516 | 562,906 |
CONTINGENCIES AND COMMITMENTS
8
23,418,675 24,485,101The annexed notes I to 12 form an integral part of these condensed interim financial statements.
Chief Executive Director rg Chief Financial Officer '".:
ARTISTIC DENIM MILLS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED)
Nine-months ended | Quarter ended | ||||||
March 31, 2026 | March 31, 2025 | March 31, 2026 | March 31, 2025 | ||||
--------(Rupees in '000)-------- | --------(Rupees in '000)-------- | ||||||
TURNOVER - NET | 10,362,822 | 13,922,116 | 2,888,858 | 4,582,408 | |||
Cost of sales | (9,601,361) | (12,991,800) | (2,637,254) | (4,405,242) | |||
GROSS PROFIT | 761,461 | 930,316 | 251,604 | 177,166 | |||
Distribution costs | (304,785) | (381,972) | (89,274) | (123,206) | |||
Administrative expenses | (206,308) | (210,422) | (75,982) | (77,575) | |||
Other operating expenses | (3,292) | 10,484 | |||||
Other operating income | 37,198 | 138,773 | 9,639 | 17,262 | |||
(473,895) | (456,913) | (155,617) | (173,035) | ||||
OPERATING PROFIT | 287,566 | 473,403 | 95,987 | 4,131 | |||
Finance costs | (613,667) | (512,509) | (205,374) | (184,687) | |||
(LOSS) / PROFIT BEFORE LEVIES AND TAX | (326,101) | (39,106) | (109,387) | (180,556) | |||
Levies | (106,241) | (183,294) | (28,713) | (57,280) | |||
(LOSS) / PROFIT BEFORE TAX | (432,342) | (222,400) | (138,100) | (237,836) | |||
Taxation | |||||||
NET (LOSS) /PROFIT FOR THE PERIOD | (432,342) | (222,400) | (138,100) | (237,836) | |||
(LOSS) /EARNINGS PER SHARE - Basic and diluted (Rs. per share) | (5.15) | (2.65) | (1.64) | (2.83) | |||
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements. | |||||||
Chief Executive | Director | Chief Financial Officer | |||||
ARTISTIC DENIM MILLS LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED)
Nine-months ended | Quarter ended | ||
March 31, March 31, | March 31, March 31, | ||
2026 2025 ---------(Rupees in '000)--------- | 2026 2025 ---------(Rupees in '000)--------- | ||
Net (Loss) / profit for the period | (432,342) (222,400) | (138,100) (237,836) | |
Other comprehensive income | |||
Total comprehensive (loss) / income for the period | (432,342) (222,400) | (138,100) (237,836) | |
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements.
Chief Executive Directo Chief Financial Officer
ARTISTIC DENIM MILLS LIMITEDCONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED)
Share Capital Revenue Reserve
Issued, subscribed and paid-up
Actuarial Unappropriated (loss)/gain on
profit defined benefit
plan(Rupees in '000)
Total Total Equity
Balance as at July 01, 2024 Cash dividend paid @ Rs. 1 per ordinary share of | 840,000 | 7,329,983 | (70,737) | 7,259,246 | 8,099,246 |
Rs. 10 each for the year ended June 30, 2024 | (84,000) | (84,000) | (84,000) | ||
Net (loss) for the period ended March 31, 2025 | (222,400) | (222,400) | (222,400) | ||
Other comprehensive income | |||||
Total comprehensive (loss) for the period | (222,400) | (222,400) | (222,400) | ||
Balance as at March 31, 2025 | 840,000 | 7,023,583 | (70,737) | 6,952,846 | 7,792,846 |
Balance as at July 01, 2025 | 840,000 | 6,794,884 | 34,697 | 6,829,581 | 7,669,581 |
Net (loss) for the period ended March 31, 2026 | (432,342) | - | (432,342) | -432,342 | |
Other comprehensive income | |||||
Total comprehensive (loss) for the period | (432,342) | (432,342) | (432,342) | ||
Balance as at March 31, 2026 | 840,000 | 6,362,542 | 34,697 | 6,397,239 | 7,237,239 |
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements.
Chief Executive Director
S^s
Chief Financial Officer ARTISTIC DENIM MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED)March 31, March 31,
2026 2025
(Rupees in '000)
779,197 | 764,007 |
100,319 | 79,754 |
613,667 | 512,509 |
(6,199) | (3,994) |
(8,499) | (55,695) |
CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) / Profit before taxation Adjustments for non cash charges and other items: | (326,101) | (39,106) | |
Depreciation | |||
Provision for gratuity | |||
Finance costs | |||
Dividend income | |||
Gain on disposal of operating fixed assets | |||
1,478,485 | 1,296,581 | ||
Profit before working capital changes Working capital changes Decrease / (increase) in current assets | 1,152,384 | 1,257,475 | |
Stores and spares | (25,213) | (2,409) | |
Stock-in-trade | (354,057) | (1,425,211) | |
Trade debts | 967,189 | (10,841) | |
Loans and advances | (18,072) | (23,750) | |
Trade deposits and short-term prepayments | 1,324 | (11,791) | |
Other receivables and sales tax refundable | (60,026) | 19,508 | |
511,145 | (1,454,494) | ||
Decrease in trade and other payables | (1,221,516) | (488,555) | |
Cash generated from / (used in) operations | 442,013 | (685,574) | |
Income taxes paid | (231,477) | (303,747) | |
Gratuity paid | (25,108) | (22,239) | |
Finance costs paid Long-term deposits - net | (583,915) | (510,169) | |
(840,500) | (836,155) | ||
Net cash generated from / (used in) operating activities | (398,487) | (1,521,729) |
Capital expenditure
Short-term investments - net Long-term loans
Dividend received
Proceeds from disposal of operating fixed assets Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
(420,752) | (420,650) |
2,300,000 | |
(10) | (83,770) |
(1,396,769) | 1,907,692 |
(228,089)
(73,027)
Long-term financing repaid | ||
Long-term financing acquired | ||
Dividends paid | ||
Short term borrowings - net | ||
Net cash generated from/ (used in) financing activities | 482,469 | 1,403,272 |
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS | (144,107) | (191,484) |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 595,922 | 692,466 |
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 51 815 | 500.982 |
(253,298) | (282,538) |
(16) | 134,971 |
5,933 | (4,362) |
6,199 | 3,994 |
13,093 | 74,908 |
The annexed notes 1 to 12 form an integral part of these condensed interim financial statements.
Chief Executive Director Chief Financial Officer