TE.XTILE MILLS LIMITED
Ismail Centre , IS.I F1oor, 6-C. Central Commercial Arsa,Bahadurabad. Karachi-74800(Pakistan), Phono: (02-14) 3494C026 io 34940030 (5 Lines)Fzx: (92-21) 34945306 & 34931558
E-Mail: info@iorass6xtiIa.com
UNCONSOLIDATED STATEME hT OF FIN.A NCIAL POSITI O :
a025
Rxpx
202-1
Rupees
ASSETS
Non•currcnl Assets Property, pl0nt and equipment Long-term deposits Investment in subsidi '
Currtiit Assets
I
Stom, spares and leose mols Stock-in-trade
Trade debts ' Loans and advances Short erm prepaymenis Other receivables
Short term investment Advance tax
Cash sod back b0l8nces Total Assets
E.QUITY AND LIABJLITIES
3,2B.7,274,09J J,J71,8•l0,0IJ4
3,713,63 I 6,063,66t
3,29U,957.72J 9,380,911,685
39,I68,t27 l,983,>72,957 I ;678,572,l 19 62,240,22tl
48,.6J2,Jo .
254,9I0,S47
148,099,66.9
39,368,372
88,970,607
53,563,12
1,928.989,I20 l,l06,843,7J8 89,784,901
34,303,98a I88,1t13,84.8
?00,4*5,670
47,238,341
8;607,fifi8
4,343,S4 ,073 J,657,980,276
7,634,532,797 7,038,893,961
Shari Capital and Reserves
Authorised capital
22,000,000 (2024 : c*2,l)00,000) ordinary shitres of' 1t3. 10'* e0cb Issued, subscribed end paid-up capiiai
2z0,0uO,000
198, ?8,000
.220llO0,0O0 I 96,528,0IJ0
Capital reserves
Surplus on revaluation ct' pr‹sperty, plani md equipment - not of tax
Equity p0rtiOO OF TUtln lr0lTl i 01ttt8Lt #âfltCS
Revenue reserves
TotlJ Equiry
84'7,62?,t.02 919,580,95:4
I6-t,40t,0S0 I 04,674,764
940,328, I{I? 1,280,923,t I I
I, I*l/,88^J,ññ7 2, .fJJ,7uf›,ltJ(T
Long-term Finance Deferred Government grant Deferred taxeiion - net
lRtirement benefit obligoLion
Current Llablliflos Trade and other payables Accnied mark-up
Short-term borrowings
Current ponion of long-term finance
Current portion of deferred Goveninieni grant Unclaimed dividend
PI'OViSjDn r0r IM8UOD
57t,B64,487
49,64G64g
128,89.1,442
88,473,344
03%,0'76,117
486,099,770
74,480ñ86
115,398,617
75,I 95,066
7S1, l74,t143
Total Liabilities
Total Equily arid Liabilities CONTINGENCIES AND COMrIITSIENTS
'' 46.44.667j23 3,784UT3,088
2,125.;.$70,24tl
74,936,843
2,0fi2,8l9,l 36
1,252,356,32.0
II4,0I3,686 2,034,831,736
23,732,73t
?,739;058
27,837.022
2,7J0,0/i8
7,6J 4,»3t,797 ?,038,804,fi6 I
TEXTILE MILLS LIMITED
Ismail Centre, 1St Floor. 8-C, Central Commercial Area.Bshadurabad, Karachl-74800(Pakistan), Phone: (92-21) 3494U026 ‹o 34940030 (5 Lines)Fax: (92-21) 34945306 & 34g3t 558
E-Mail: info@idresstext ie.com
UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
2923
Rupees
2024
Rupees
Revenue from contract with customer - net Cost of sales
Gross profit
Distribution cost
s,zoi,690, i3g
(4,883,403,274)
318,286,864
(53,491,993)6,449,760,5s5
(5,831,174,287)
618,58h,248
(64,2Sfl, 167)
Administrative expenses
(i27,099,228) (122,297,107)
Operating profit
Finance cost
(t80,S9,22))iJ7,691,643
(476.963,937)
(186,555,274)
432,030,974
(579,713,599)
Other operating expenses
(32,475,2tlS) (5l,0l4,I)5b)
(371,743,499) (196,696,681)
Other income
34,860,163 49,156,373
Loss before levy and taxation
(336,883,336)
(149,540,306)
Levy
(60,995, I bI ) (70,609,235}
Loss before taxation
(397,b7S,S17)
(220,l49,S41)
Taxation
3,1 13,223 25,760,625
Loss for the year
(394,765,294)
(194,388,916)
Loss per share - basic and diluted (9.79)
TEXTILE MILLS LIMITED
tamall Centre, 1 St FtOOf,6-C, Central COmMerciaIArea,8ahadu‹abad, KarachI•74800(Paklstan),
Phone: (92-21) 3494tJ026 to 3494U030
Lines)Fax: (92-21) 34945306 & 349315.58
UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR TO-fE YEAR ENDED JUNE JO. 2025
E-Mail: info@idresstexlile.com
Revenue reserve
Surplus on i'es z1uation of . Eqn ity portion of pt-opert*. planl and loeu from rela fed
equipment - net of fo x parties
profit
- --- -------------•---------------- Rii pers - --------------------------------------------
Balance as st July 1, 2023
Total comprehensive income tor the ye8 r Loss for. the year
Other tornprehensi e income for flit year
Transfer to / from surpliie on revaluation of property plant end equipment on account of
revaluation surplus as at June 30. 2024 - net of tax
incremental depreciation charged thereon - net of tax Transactions with related parties
198.528,000 868,124.0 I I 8 I J76,I53 I;4l9.SJ2.800
72,807,fi03
(56,330,344) fi6,339,344
Fan volue cdéct of interest fror toao provided by relotcd parties 23.298,611 -
Balance ss. at Juot 30, 2024
Total comprehensive loss for the year Loss for the yeur
Other comprehensii e logs for the year
Transfer to / fi"om surplus on reva)Mation of pi"oyerQ,
plant atnd equipment on actou at of
incremental depreciation charged thcrctin - nct of' tax
disposals - net o1' tax Transactions with related parties
198,528,000
I 04,684,764 1.280,923,111
(16,870,687) (395,676¥72)
r•›•• •!•e effevt of intercst free loan pnj idcd by ii;ldlcd parties
9,735.,28b
Balance as at June 3.0., 2025
198,fi28.000
847,625.,fi.02
164.J08,050 9-10.$28,105
TEXTILE MILLS LIMITED
Ismail Centrs, 1St Floor, 6-C. Central Commercial Area,Bahadurabad, Karachi-74800(Pakistan),
Phone: (92-21) 34940026 to 3494U030 (5 Lines)Fax: (92-21) 34945306 & 34931558
E-Mail: info@idresstextile.com
UNCONSOL IDATED STATEM ENT OF GOMPREH ENSI¥'E 1NCO$4E FOR THE YEAR ENDED JUNE 30, 2025
2025
Rupees
2024
Rusts
Loss for the year
Other comprehensive income
Itents that will not be reclassified subsequently to profit or loss:
Surplus on res'jlu@on of property. plant and equipment during thC ear
Impact of deferred tax thereon
Adjustment of surplus on rei aluation of proper . plant and equipment
(3‹J4.765.294) ( I94.J88.916)
72,807,btl3
due to change in ta.x rate Remeasurementloss on retirement benefit
Related tax
obligation
(16,873,687} | 34,988,685 |
( 1,283,912) | (802,995) |
372,334 | 232.R69 |
(91 l,S78) (S70,l26)
( 17,78S,2GS) 1U7,22b
Oiher comprehensive (loss) / income tor the j ear
Total comprehensive loss for the year
(4 1*,sso,ss9) (87.162,7fi4)
TEXTILE MILLS LIMITED
lsmall
1St FIoor, 6-C,
CommerelaI Area,Bahadurabad, KarachI-74800(Pakistan
n
Phone: (92-21) 34940026 to 34940030 (5 Llnes)Fax: (92-21)"34945306 & 34931558
E-Mail: Info@idresstextile.com
IJNCONSOLIDATED STATEMENT OF CASH FLOYS FOR TBE YEAR ENDED JUNE 30, 2025' | ||||
2025 | 2024 | |||
CASH PLtlWS PROM OPERAT1NCi AC'FI V1TIES | ||||
Loss before taxation | (397,878,.517) | (220, IJ9.MI) | ||
Adjustments for non cash inconic and expense: | ||||
Depreciation | IJ t926198 | !29,81 l,954 | ||
Provision for retirement benefit obligation | 19,364,765 | 31.977,786 | ||
Levy | 476,963,937 | 70,609,235 579,713.fi99 | ||
Allowance for expected credit loss - trade receivable | 26,324,027 | 4,t35,227 | ||
Profit on deposits | (2557Q852) | (29,7'7l,fi.68) | ||
Gain on disposal ofproperty, plant and equipment | (370J4t6) | |||
Unrealized loss on foreign exchange | 936,t80 | |||
Redized gain on short tenn investment | (3ss,006) | |||
Operating cash flows before working capitd changes | 288,4t6,28J | 554,236;576 | ||
(Increase) / decrease in current assets | ||||
Stores, spares anddnose tools | I -t,J94,998 | J,0fJ•t | ||
Stock-in-trade | (II. 9J,8J7l | |||
Trade debts | (698,0?2,J98) | |||
Loans and advances | 27,»4J,68t | (6,857.067) | ||
Prepaynients | ‹14.J38,470 | (2¥.t70 *4) | ||
Other receivables | (72,265;662) | |||
(697,310,688) | (979 27.767} | |||
lntresse / (decrease} in current liabilities | ||||
Trade and other payables | 876,039,82 I | 660,38J,??6 | ||
Cxsh generated frooi operati0ns | 467, I 4»,4 16 | |||
Finance cost paid | (499,587,500) | (fi47,4!9,. sJ | ||
Retirement benefit obligation paid | ‹ l0,!96,J00) | (33,377,800) | ||
Income tax paid | (53,020,307) | (63,284,290) | ||
Long-term deposits - net | 2,3?0,0?0 | (3,165,000 | ||
Net cash used in operating Activities | (9J,J08.64 I) | (412,194,0 8) | ||
tASk £'LUYS FRUht £NVE8TLN1 AtTlY1T1ES | ||||
Purchase of property. plant and equipment | ||||
Proceeds from disposal of property, plant and equipment | ||||
Purchase of tern deposit receipt - net | ||||
Sale of shares | ||||
Profit on deposits received | ||||
Net cash generated from / (used in) investing activitles | ( I3,2J6,917) | |||
CASM FLOWS FRO6J FINANCING ACTIVITIES | ||||
Long-term Finance rcpaid to financial institutions | ||||
Long-term linancc obtained from financial institutions | ||||
Long-term Finance repaid to related parties | ||||
Long-tcmi finance obtained from related parties | ||||
Short tern borrow'ingi obtained - net | ||||
Leñe liabilities repaid during the yctir | ||||
Di'idcnd paid | ||||
Net cash gencrated ffom lfizenciag activities | 166,276,.'S?9 | 260,080,468 | ||
Net iacrease / (decrease) in casb and cash equivaleak | I I.5,8t 1,902 | (I6S,J 0,.607) | ||
Casb and casb equivalents at beginning of tbe year | (600,67ñ,546) | (4J5,325,039) | ||
Casb aad cash equivalents at ead of tbe ycsr | (484,86J,614). | (600,675,546) | ||
)
)
(47,J96.832) | ||
6,760,000 | 42,500.tl00 | |
6?-,345,001 | (26,083,000) | |
6,14 1,996 | ||
J I, l31,81» | 26.7P2.939 |
(2UI.-t60,3U6) | ||
57,250,000 | ||
(6,I48,J12) | ||
I54,2t0,474 | ||
6J,436,26J | J51,394,229 | |
(t,962,284) | ||
(I I,304) |
TEXTILE MILLS LIMITED
Ismail Centre. 1 St Floor, 6-C. Central Commercial Area,Bahadurabad, KarachI-74800(Pakistan), Phene: (92-21) 34940026 to 34940030 (5 Llnes)Fax: (92-21) 34945306 & 34931558
E-Mail: info@idresstsxtile.com
CONSOLIDATED STATEMENT OF FINANCIAL i'OSIT1ON AS AT Ui NE 30, 2025
ASSETS
2H2fi Rupees
2n2J
l{upcr•
Non-current Assets Property, plani and equipment Longtenmdcposits
Current AssetJ
Stores, spares and loose tools Stock-in-trade
Trade debls '
I +aiu *ml advances Pregaymenis
Ulher i«ceivables Short term investment
Cash qpd k balances Total sstt#
EQUITY A.ND LL¥BILITIES
22,000,000 (202J : 22.00t).0(XJ) urJinam' sharus ofRs. I0.'- cach
3,287,274,f193
3,713,63 I 3.29fl,987,724
3•4,I 6ti, 127 1.983,572.957 | i.+zs,' *‹›.iz‹› | |
I, I I 2,37 I .tV›' | ||
£›2,24u.22ti | n'J,7M.'Jul | |
48.642,4fifi | ||
254.'/ I 0.?47 | ||
1 Jg,ll99,67II | ||
8 368 87} | 47,238J3l | |
1 T2,174.039 | t5.914.192 |
4,357,829,6t4 3,67O,#t4,237
?,6Jg,g I 7,33g 7,0S1,727,J22
22tl,txl0.tilill
Issued, subscribed and paid-up capital Caplcal reserves
Surplus on revaluation of properrv, t›lani und equipment - nel of as Equip' pui"lion of loa fl"om related panics
Revenue wsen'es
Excluuige irunsIuti‹›n rerel e
*98.52d,UUU
847.G25,402
(nl u6792)
l0b,fi28,titltl
i«4.t7J,7f•4 (7.9Jt207)
Unapprop› iatcd prnfil 938566.46Il 1,27l,6PJ,72O
Total Equity
Non<>
Long-lerm finance
£kferred Goveminenl granl Deferred taxation • net Retirement benefit obligation
2,lJfi,95I, l2fi
4K6,09J774 | ||
49,fi46,84•t | 74,4nu,SgC | |
l28,89l,J42 | I I 4,3M0 I 7 | |
6tl,J7J/4J | 75, I ñS,tIf•f› |
83fi.976. I I7
2,4B0,729,17Z
7fiL l 74043
Trnde and other payables Ammed mum-up
Slion-ierm borross•ings
Current portion ot'long-term finance
Current portion of deferred Government grant Unelaimed dividend
Provision for taxation
Total Liabilities
Tutul Equity' en‹l i.iahiIitics
2,14'?,7O3,2 j9 74,i)3fi.R43 | I ,275.2Il0,fi Hi | ||
34fI,?67,Jsl 23,7T2,?3l 2,73?,lKifl I 8,88 l. 138 | 2,li4 1.7•lll.2f›S 33ti.334.I 22 27,tlS7,ll22 2.73•9.llfill |
4,668,8P0,t0t 3.8t3,924,7O7
5.507.gG6.2I If 4.5t4,9'J#,75lI
7.6JR,8I 7,J3fI 7,ll5t,727,Jt2
TEXTILE MILLS LIMITED
Ismail Centre, 1St Floor, 6-C, Central Commercial Area,Bahadurabad, Karachi-74800(Pakistan),
Phone: (92-21) 34940026 to 34940030 (5 Lines)Fax: (92-21) 34645306 6 34931558
E-Mail: info@idresstextile.com
CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
2025
Rupees
2024
Rupees
Revenue from contract with c.ustomer - net Cost of sales
Gross profit
Distribution cost
' Administrativeexpenses Operating profit
Finance cost
Other operatinb Expenses
Other income
Loss before levy and taxation Levy
Loss before taxation Taxation
Loss for the year
Loss per share - basic and diluted
5.230,687,894 h.469,262,856
(4,890.673.245) (5,841,403.396) 340.014.649 627,859.460
(33.49l,9*73) | (64,25d,167) |
(139.998.610) | (128,392,366) |
(193,490.603) (192,650,533)
146,524.046 433.208,927
(477. l36.0 J3) (579.8?3.27 i )
(JR..47a.?-0›) (3 I.0l4,0‹6) (363.0Sk.062) (l95,6S6.JUtJ)
34,860,1 63 49,209.986
(328.227.899) (146.448.414)
t50.9^J3. 15 I ) (70.60?.23's)
(389.22.J.URi)) (2 I 7.OF 7.649)
I .74?.532 2ñ.3 76.3 7 I
(387,473.ñ46) ( I 91,48 I .278)
( 19.52 (9.63)
TEXTILE MILLS LIMITED
Ismail Centre, 1St Floor, 6-C, Central Commercial Area, Bahadurabad, Karachi-74800(Pakistan),
PhOn0: (92-21 ) 34940026 to 34940030 (5 Lines)Fax: (92-21 ) 34945306 & 34931558
E-Mai!: info@idresstextile.corn
TEXTILE MILLS LIMITED
Phone: (92-21) 34940026 to 34940030 (5 Lines)Fax: (92-21) 34945306 & 34931558
E-Mail: info@idresslextile.com
CONSOLIDATED STATâM fiNT OF f'asii ri.oivs FOR THE YEAR Eb'DEIi .IUN$: 3tl, 2112a
CASHAOWBFROMOPERATINGACTIV1]!IS
Loss before taxation
Ad]ostmtnts for non ciisli iricoiiie unil expense: fkptcciation
Provision for relircliiciu benefit tiblig.li ion
Flnancc cosi
Expected credit loss • tra0e receivable
£iain on disposal ofproperty, plant and equipment Unrealized loss on foreign exchange
Realized gain on shon tcnn invcsunent
Operating cash flows before wiirking capital themes
{facrtnse) / Jecrc:use In current asstts
Stores, spares and lnosc tecls
Stock-in-uadc
Trade debts
Lo8ns and advanccs
Othct reccivahlcs
Increase / (decrease) in current liiibilities Trade and Othcr payables
Cash generRlxJ frHln njltrati‹›ns
Finance cost paid
Retirement bcnciii obligation paid Income tax paid
iJx•›.z2.1.iiroj
I JI ,'72f›. I'78
I'J,3f›J,7fi1
2fi,324.112? (25,57.8,8S2)
(3,7il3,4fi €i)
‹ I ‹l,42 I.3it‹l)
( d,Il2l›,ñ2v)
4, l3f.227
(33,377.gfI0)
Long•terra deposits - net
Net caih use‹l la operating aciiviiies
CASH FLOWS P'ROM INYFSTIN(› Afil'1VIT1ES
Purchasc of property, plant and equipment
Proceeds from disposal of' property. plain and cquipiueni Purchase of itrni deposit receipt - nei
Sale of sham
Profit on deposits received
Net casb gelicrntcd froitt / (used in) investing activities
CASH FL01YS F1tO!t'1 FlNAi 'CIA'C .4f"I'IWI'II':h
2,J.5tI,IISI)
(8\,586,fl"TTl
(/i2,J'Jx,x12 j |
( I J8.u22.'73I j | ||
S7,2SlLIillil | ||
lfi. I 48.31 21 | ||
1 S4.2111.47J | ||
ri3.43fi,2f›3 | ||
I I .'J52.2¥J | ||
Long•tcnn Finance repaid tn financial iilsliiili‹›is Long-tcnn finance ‹›hIain J fr‹›in IlnaiJcial ii›.sMttii i‹›iJ* long-tenet finance rupaid tn rcluicd p:min
Long-ten» finance nhtaiiJed trnm related panies
Shon tcmt borTt›a'iigs ‹*hl‹iii1cd - wet Lcas0 liabilities rvpaid tlciriitg life yv"at Dividend paid
Inlet cash generated From IH›anclng scliviiics
Net increase / (deerense) in cash and cqsh equivalents
Cash had cesh equivalents at ihe beginning of ilit year
(fi'73,3fih.'7tl2)
(422.Jilfi,ñ3 I I
Effect of exchange rntc chm›gos in caslt iinrl cush equivalcels
Cash and cash equivalents ai ihe end uf ihc year
Jf•2,ti2J
r›l,r›‹›‹i.21*j