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ABOUT THE COMPANY
Idrees Textile Mills Limited was incorporated in Pakistan as an unquoted public limited company on 5"1 June,l990 under the companies ordinance, 1984. It was listed on Karachi & Lahore Stock Exchange on 28thApril,1992.
The Company's wholly-owned (ORA HOME LLC) is located in New Jersey,USA.
The principal activity of the Company is manufacturing and sale of various counts of yarn made from cotton/man-made fibre and home textile
ORA HOME LLC is engaged in 4ading of Home Textile.
Being a responsible corporate citizen, the Company ensures full compliance with all applicable statutory requirements.
REGfS7EREO OffICE:
6-C, Ismoil Centre, 1'f Floor, Centrol Commerciol Area, Bahadurabad. Karachi.
Kot Shah Mohammad, Tehsil & District Nankana, Punjab.
SUBS/D/ARY:
1215 Livingston Avenue, Suite 4, North Brunswick, NJ 08902, USA.
https://www.idreestextiIe.com
COMPANY INFORMATION
BOARD OF DIRECTORS
Mr. Rizwan Idrees AIlarvala - Ch airman
M r. S. M . Mansoor AIlarvala - Executive Director / CE O M r. Omair Id rees AllawaIa - Executive Director
Ms. Aam nah Mansoor - Plan - Executive Director Mr. Muham mad Beyaz Aftab - Non - Executive Director Syecl Masud Arif - Independent Director
M s. Azra Yaqub Vawda - Independent - Director
AUDIT COMMI TTEE
HUMAN R ES OURCE & REMUN ERATION
C OMMITE E
COM PANY SECRETARY
CHIEF FINANCIAL OFFICER
AUDITORS
Ms. Azra Yaqub Vawda Syed Masud Arif
M s. Aam nah Mansoor
Syed Masud Arif
Ms. Aamnafn Mansoor Ms. Azra Yaqub Vawda
Syed Shahid Sultan
M r. Mu hammad J awaid
M/s. BD0 Ibrahim & Co. Ghartered Accountants
Chairperson
Me mber
Me mber
Ch airman
Mem ber
Mem ber
SHARES REG ISTRAR
M/S. JWAFFS Registrar Servi ces (Pvt) Ltd. Office No. 2O, Sth Floor, Arkay Square, Extension New Chali , Sharah-e-Li aquat, Karachi.
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COMPARATIVE STATEMENT OF OPERATING RESULTS
2020 | 2021 | 2022 | 20]3 | 2024 | 2025 | |
Sales | 3,239,256,236 | 4,002,482,731 | 5,166,171,154 | 4,200,140,937 | 6,449,760,535 | 5,201,690,138 |
Cost of goods sold | (2,956,416,446) | (3,468,653,953) | (4,367,630,755) | (3,779,994,822) | |5,831,174,287) | (4,883,403,274) |
Gross Prof"rt | 282,839,790 | 533,828,778 | 798,540,399 | 420,146,115 | 618,586,248 | 318,286,864 |
Other operating Income/loss | 10,250,912 | 25,389,171 | 137,702,874 | 45,322,054 | 49,156,375 | 34,860,163 |
293,090,702 | 559,217,949 | 936,243,273 | 465,468,169 | 667,742,623 | 353,147,027 | |
Distribution Cost | (2g,603,588) | (35,219,989) | (45,848,895) | (42,495,566) | (64,258,167) | (s3,491,993) |
Administration expenses | (83,287,£64) | (77,0c3,533) | (96,757,795) | (lll,l14,284) | (122,297,107) | (127,099,228) |
Other operating expenses | (21014,330) | (52,638,715) | (67,393,550) | (38,514,094) | (5101 056) | (32475,205) |
Finance cost | (240,606,640) | (171,436,880) | (174,390,261) | (306,864,446) | (579,713,599) | (476,963,937) |
(371,912,222) | (336,359,217) | (384,390,502) | (499988,390) | (817,282,929) | (690,030,363) | |
Profit/(Loss) before taxation | (78,821,520) | 222,858,732 | 551852,771 | (34,520,221) | (149,540,306) | (336,883,336) |
Taxation | (23,759,982) | (61,968,354) | (119,845,916) | 22,026,220 | (44,848,610) | (57,881,958) |
Profit/(Loss) aker taxation | (102,581,502) | 160,890,378 | 432,006,855 | (12,494,001) | (194,388,916) | (394,765,294) |
Other Comprehensive income for the year | 45,409,201 | 327,421,738 | 18,565,117 | 36,746,024 | 107,226,162 | (911,578) |
Total comprehensive income for the year | (57,172J0i) | 488,312,116 | 450,571,972 | 24,252,023 | |87,162,754) | (39567 872) |
Earning/(Loss) per shares | (S.17) | 8.10 | 21.76 | (0.63) | (9.79) | (19.88) |
STATEMENT OF FINANCIAL POSITION
As at Juna 30,2025
Nos
2025
Rupee2024
Rwpm
ASSETS
Non-current Asseta Property, plant and equipment Long-term deposits Investment in subsidiary
Current Assets
Stores, spares arid looae tools Stock-in-trade
Trade debts
Loans and advances Short term prepayinents Other receivables
Short term invesnnent Advance tax
Cash and bank balances
ToBl Assets
EQMTV ANO LIABILITIES
Sbere Cepltel aad Res+ewes
Authorised capiml
22,000,000 (2024 : 22,000,000) ordinary ahares of Rs.10/- each
Issued, subscribed and paid-up capital
Capital reserves
Stliplua on revaluation of propeny, plant arid equipment - net of tax Equity portion of loan frotri related panics
Revenue reserves Toll Equlty
Non-current Lisbllides Long-term france Deferred Government grant Deferred taxation - net
Retirement benefil obligation
Current Llabllides Trade and other payables Accused mark-up
Short-term bormwings
Current portion of long-term finance
Current portion of deferred Government grant Unclaimed dividend
Pmvision for taxation
Tool Llabllldes
Toll Equlty and Llabllldes CONTINGENCIES AND COMMITMENTS
3,287.274,093
3,713,631
3490,987,724
39,168.127
1,983,572.957
1,67B,572,119
62,240,220
48,642,455
254,910,547
148,099.669
39,368,372
8B,970.607
4,343,545,073
7,634,532,797
220.000,000
198,528,000
847,625,402
164,408,050
940,328,105
2,150.889.557
571,964,487
49,646,844
128,891,442
88,473,344
838.976,117
2,125,570,240
74,936,843
2,062,819,156
340.967.951
23,752,731
2.739,068
13,881,134
4,644,667,123
S,483,643,240 7,634,532,797
3,374,850,004
6,063,681
3,380,913,685
53,563,125
I ,928,979,120
1,106,843,748
89,784,901
34,303,985
188,203,848
300,455,670
47,238,33 I
8,607,548
3,657,980,276
7,038,893,961
220,000,000
198,528,000
919,580,955
104,674,764
1,280,923,111
2,503,706,830
486,099,774
74,480,586
115,398,617
75,195,066
751,174,043
1,252,356,320
114,013,686
2,034,831,736
338,334,122
27,857,022
2,739,068
13,881,134
3,784,013,088
4,535,187,131
7,038,893,961
UN-CONSOLIDATED STATEMENT OF PROFIT OR LOSS
FOr the Year ended June 30, 2025
2025
R upccs
2024 RupeesRevenue from coniract with cuslomer - net | 5.01,60158 | 6,449,760,535 | ||||
C.ost o1'sales | (4.85,403,274) | (5,S31,174,2b7) | ||||
Distrihuti‹›n cost | (53,49 I ,fi93) | (64.258, 167) | ||||
Admin istrativc expenses | (127.()99,22S) | (122,297,107) | ||||
O} crating profit | (I 8O J*9l,22 I ) | (1 8f›.555,274) | ||||
137,695,G43 | 432,030,974 | |||||
Finance cost | (476,96›3,937) | (579,713,599) | ||||
Other operating expenses | (32,471,205) | (ñ1,014,05 6) | ||||
(371,743,499) | (l9S,ti96,681) | |||||
Othcr income | 4fi,156,375 | |||||
Loss before levy and taxation | (14fi.5J0,30fi) | |||||
(60,995, 18 I ) | (70.60fi,235) | |||||
Loss before taxation | (397,87b,517) | (220,149,541) | ||||
Tnalion | 3,113,223 | 25,760,625 | ||||
Loss l'or the year
(194,355,916)
(9.79)
The annexed notes from I to 46 form an integral part of these unconsolidated financial statements.
MAJOR CHALLENGES
Energy Costs
High and volatile energy prices impacting production costs.
Dependence on unintemipted power and gas supply for smooth operations.
-
Raw Material Price Volatility
Fluctuations in cotton prices affecting cost predictability, and decline in cotton crop.
-
Economic & Financial aspects
Inflationary pressures affecting wages and overheads.
High markup rates and rising costs pose significant challenges.
-
Regulatory & Taxation Environment
Frequent changes in tax policies and compliance requirements.
Increased documentation and regulatory costs.
-
Global Competition
Intense competition from regional players such as Bangladesh, Vietnam, and India.
FUTURE OUTLOOK
Exploring new International market and customers for home textile products.
Gradual shift towards higher value-added products.
Improvement in production efficiency and cost optimization.
Effective working capital management.
Decline in SBP's Policy Rate likely to rationalize financial cost.
The management is looking forward to some relief in electricity tariff.