Idrees Textile Mills Ltd.PSX: IDRT

Transmission of Quarterly Report for the Period Ended March 31,2026

· Issued by Idrees Textile Mills Ltd.
‌ IDREES ‌ TEXTILE MILLS LIMITED

CONDENSED INTERIM FINANCIAL INFORMATION

FOR THE NINE MONTHS ENDED MARCH 31, 2026

(UN-AUDITED)







COMPANY INFORMATION

BOARD OF DIRECTORS Mr. Rizwan Idrees Allawala

Mr. S. M. Mansoor Allawala Mr. Omair Idrees Allawala Ms. Aamnah Mansoor

Mr. Muhammad Beyaz Aftab Syed Masud Arif

Ms. Azra Yaqub Vawda

  • Chairman

  • Executive Director / CEO

  • Executive Director

  • Non - Executive Director

  • Non - Executive Director

  • Independent Director

  • Independent - Director

    COMPANY SECRETARY CHIEF FINANCIAL OFFICER

    Syed Shahid Sultan

    Mr. Muhammad Jawaid

    AUDITORS

    AUDIT COMMITTEE

    M/s. BDO Ebrahim & Co.

    Chartered Accountants

    Ms. Azra Yaqub Vawda Syed Masud Arif

    Ms. Aamnah Mansoor

    Syed Shahid Sultan

  • Chairperson

  • Member

  • Member

  • Secretary

    HUMAN RESOURCE & REMUNERATION COMMITTEE

    Syed Masud Arif

    Ms. Aamnah Mansoor

    Ms. Azra Yaqub Vawda

    • Chairman

    • Member

    • Member

BANKERS

REGISTERED OFFICE

National Bank of Pakistan Bank Alfalah Limited

Habib Metropolitan Bank Ltd. Meezan Bank Ltd.

Bank of Punjab Ltd. BankIslami Pakistan Ltd. Askari Bank Limited

Dubai Islamic Bank Pakistan Ltd. Samba Bank Limited

Bank Al-habib Limited

United Bank Limited

6-C, Ismail Centre, 1st Floor, Central Commercial Area, Bahadurabad,

Karachi - 74800.

MILLS Kot Shah Mohammad,

Tehsil Nankana, District Nankana, Punjab. https://www.idreestextile.com

SHARES REGISTRAR M/S. JWAFFS Registrar Services (Pvt) Ltd.

407-408, 4th Floor, Al-Ameera Centre, Shahrah-e-Iraq, Saddar, Karachi.

UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)



DIRECTORS' REPORT

The directors are pleased to present their review along with the un-audited condensed interim financial statements of your Company for the nine months ended March 31, 2026.

The principal activity of the Company is manufacturing, processing and sale of all kinds of yarn and home textile. During the period under review, there has not been any material change in the Company's business activities.

FINANCIAL AND OPERATIONAL PERFORMANCE

During the nine months of FY26, the Company's turnover amounted to Rs. 3,081 million as compared to Rs. 3,868 million in the same period of last year (SPLY). Gross profit amounted to Rs. 287 million compared to Rs. 314 million in SPLY. Loss for the period amounted to Rs. 78 million compared to Rs. 228 million in SPLY. Finance cost amounted to Rs. 286 million (SPLY: Rs. 377 million) showing reduction of Rs. 91 million as compared to SPLY. Loss per share worked out to Rs. 3.94 (SPLY: Rs. 11.48).

The Company's financial performance during the period under review is reflective of the broader volatility of the global and domestic landscape. Decline in sales is primarily attributable to dampened market demand. However, a sizeable reduction in finance cost contributed to a comparatively improved bottom line over SPLY. The last two fiscal years have been exceptionally challenging for the textile industry. Significant volatility in commodity markets has culminated in severe demand destruction. Competitiveness hurdles faced by Pakistan's textile industry are stifling growth and discouraging investments. The spinning sector continues to grapple with high energy tariffs, despite government's repeated commitments to provide energy at regionally competitive tariff. Without competitive tariff, the viability of Pakistan's textile exports remains under significant threat. Elevated fuel prices, coupled with high taxes, have escalated the cost of doing business to unsustainable levels. Low domestic cotton yields and inconsistent fiber quality force the spinners towards expensive imported raw materials. Meaningful reforms are required to pivot the economy toward export-led growth.

FUTURE OUTLOOK

While the management is focused on internal efficiencies and cost-containment, the spinning industry's success is closely linked to the national economic environment. Sustained recovery will require a cohesive policy framework that addresses the high cost of doing business and restores our textile sectors' competitiveness in the global marketplace. For a strong and stable recovery to take hold, the Government must adopt a more prudent monetary policy tailored to current economic realities. Directing investment toward productive sectors and removing regulatory bottlenecks is vital. Without these changes, the economic recovery will continue to falter, weighing heavily on industrial growth. Cognizant of the prevailing economic headwinds, the management of your Company remains committed to disciplined and prudent decision-making to safeguard shareholder value while actively exploring strategic options to restore and sustain long-term profitability.

ACKNOWLEDGEMENT

The Directors place on record their sincere appreciation for the hard work and commitment of all employees. We also thank our customers, suppliers, financial institutions and shareholders for their continued trust and support.



For and on behalf of the Board



S. M. Mansoor Allawala Omair Idrees Allawala

Chief Executive Director

Karachi: May 14, 2026





usIỨ Ưl6GS)S6lĖLIsċM 2026l31IS

/UćEI6IyS











gIsS6.ss)sI I.çsIgØS(//

5Is l5Mu/.sd

(dsIƯl





(SPLY)Iłţs3,081ssIg4dgIsS6lĖ5IIS2026łl





78M6.sBs314SPLYţs287Bs3,868





377 SPLY:s286IIƯlBs2286SPLYI6ds

ţs3.946/MJs91SIłf s

Bs11.48SPLY













6ÙPċUsxUbUnsIJL(d ƯlgIsS6.s

Ił.SJu IIƯlJlsJs)



SS















.S ØIuṷIćc5IGS;ªIłls







dl/sIsd6I çnM;ªIg 5IsJu 















.I.SNF Sţ.cxP Ublu*S5IĩI IJr

IġI.g Su*nc2sSċI)5Iĩ.u*n





nØыαI..ťMUċ.sdċu6sIugIs





.I.MIlçM I.SťḘsIIsIƯ

.bI.GSċgçé:



JUd











JȦIdd;ªI IćMçĩ.JIIsIIIsIII





















nSIU.sdd.x1dEçIGSI IrlUn Un6xMcxPGSUnsIdcnJLsIc α;duisdĄsIxAuIsIMdl/(I ƯldťБSã



 .Un6xçII.sIéJdUnSlIIgIsp



dťGS(dEIPsISISIć M

(ť.çSċyIIsI

çI







sIÙISsIusIIƯlbII/MIssI

çÙI

ISgI.gsť



UIsiIȦII

IE

UIsiIIgIè

I 

2026(14:TI



UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

AS AT MARCH 31, 2026

(Unaudited) (Audited)

March 31, 2026 June 30, 2025

Note --------- Rupees ----------

NON - CURRENT ASSETS

Property, plant and Equipment

4

3,176,267,137

3,287,274,093

Long-term deposits

3,713,631

3,713,631

Long term investment in subsidiary

-

-

3,179,980,768

3,290,987,724

CURRENT ASSETS

Stores, spares and loose tools

38,761,421

39,168,127

Stock-in-trade

5

1,996,789,252

1,983,572,957

Trade debts

1,707,839,963

1,678,572,119

Loans and advances

81,982,029

62,240,220

Deposits and short term prepayments

38,968,964

48,642,455

Other receivables

384,565,506

254,910,547

Other Financial Assets

148,099,670

148,099,669

Cash and bank balances

150,614,062

88,970,607

Advance Tax

58,022,654

39,368,372

4,605,643,521

4,343,545,073

7,785,624,289

7,634,532,797

SHARE CAPITAL AND RESERVES

Issued, subscribed, and paid-up capital

198,528,000

198,528,000

Capital reserves

Equity portion of loan from related parties

165,158,842

164,408,050

Surplus on revaluation of Property, Plant & Equipments - net

of tax

831,645,384

847,625,402

Revenue reserves

874,452,941

940,328,105

Total Equity

2,069,785,167

2,150,889,557

NON-CURRENT LIABILITIES

Long-term finance

650,038,091

571,964,487

Deferred Government Grant

35,749,048

49,646,844

Deferred liabilities

225,462,560

217,364,786

911,249,699

838,976,117

CURRENT LIABILITIES

Trade and other payables

2,450,380,896

2,125,570,240

Interest / mark-up accrued

75,377,433

74,936,843

Short term borrowings

6

2,107,941,588

2,062,819,156

Current portion of

long term loan

151,587,905

340,967,951

deferred government grant

16,547,384

23,752,731

Unclaimed Dividend

2,754,216

2,739,068

Provision for taxation

-

13,881,134

CONTINGENCIES AND COMMITMENTS

7

4,804,589,424

4,644,667,123

7,785,624,289 7,634,532,797

The annexed notes form an integral part of these financial statements.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UN-AUDTED)

FOR THE THIRD QUARTER AND NINE MONTHS ENDED MARCH 31, 2026

Nine Months Ended Quarter Ended March 31, March 31, March 31, March 31,

Note 2026 2025 2026 2025

---------------------------------- (Rupees) ------------------------------------

Revenue from contract with customer - net

8

3,081,197,055

3,868,152,463

930,120,814

1,392,229,278

Cost of goods sold

9

(2,794,398,336)

(3,554,569,905)

(863,481,758)

(1,272,721,108)

Gross profit

286,798,719

313,582,558

66,639,056

119,508,170

Distribution cost

(19,716,916)

(48,085,017)

(8,694,500)

(17,273,271)

Administrative expenses

(82,030,875)

(75,791,379)

(20,974,015)

(25,064,193)

(101,747,791)

(123,876,396)

(29,668,515)

(42,337,464)

185,050,928

189,706,162

36,970,541

77,170,706

Finance cost

(286,148,534)

(376,674,821)

(94,810,065)

(104,647,799)

Other operating expenses

10

(8,287,745)

(33,981,781)

(2,117,153)

(8,406,853)

(109,385,351)

(220,950,440)

(59,956,677)

(35,883,946)

Other income

11

48,717,881

20,507,626

34,556,548

2,494,251

(60,667,470)

(200,442,814)

(25,400,129)

(33,389,695)

Levy:

Final tax levy

(9,557,486)

(14,272,564)

(5,080,009)

(6,170,648)

Minimum tax differencial

(26,588,794)

(30,364,136)

(5,286,766)

(9,516,709)

(36,146,280)

(44,636,700)

(10,366,775)

(15,687,357)

Profit/ (loss) before taxation Taxation

(96,813,750)

(245,079,514)

(35,766,904)

(49,077,052)

Prior

2,702,823

104,695

-

-

Deferred

15,621,524

16,983,422

-

-

18,324,347

17,088,117

-

-

(Loss) / Profit for the period

(78,489,403)

(227,991,397)

(35,766,904)

(49,077,052)

Earnings per share - basic and diluted

(3.95)

(11.48)

(1.80)

(2.47)





The annexed notes form an integral part of these financial statements.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Nine Months Ended

March 31, 2026 March 31, 2025

…...….....…. Rupees ……………

Profit / (loss) for the period

(78,489,403)

(227,991,397)

OTHER COMPREHENSIVE INCOME

Items that will not be transferred subsequently to profit or loss

Adjustment of surplus on revaluation of property, plant and equipment due to change in tax rate

-

(3,365,779)

-

-

Total Comprehensive Income/(loss) for the period

(81,855,182)

(227,991,397)

The annexed notes form an integral part of these financial statements.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Three Months Ended

Note March 31, 2026 March 31, 2025

…...….....…. Rupees ……………

A. CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation

(60,667,470)

(200,442,814)

Adjustments for :

Depreciation

98,725,614

95,989,059

Provision for retirement benefit obligation

27,683,568

21,527,100

Realized Gain on other financial assets

-

-

Gain on sale of property, plant and equipment

(34,562,333)

(950,000)

Finance cost

266,772,757

365,787,530

Profit on deposits

Expected Credit (Loss)

15,116,082

-

Finance cost on unwinding of discount on long-term finance from related parties

19,375,739

10,887,291

Operating cash flows before working capital changes

332,443,957

292,798,166

Changes in working capital

(Increase) / decrease in current assets

Stores, spares and loose tools

406,706

5,585,697

Stock-in-trade

(13,216,295)

(245,443,524)

Trade debts

(29,267,844)

(161,080,155)

Loans and advances

(19,741,808)

31,500,629

Deposits and short term prepayments

9,673,491

(1,137,163)

Other receivables

(129,654,959)

(85,450,800)

Increase / (decrease) in current liabilities

(181,800,710)

(456,025,317)

Trade and other payable

324,810,656

745,332,838

143,009,947

289,307,520

Cash generated from operations

475,453,904

582,105,687

Finance cost paid

(266,332,167)

(403,165,304)

Retirement benefit obligation paid

(7,330,050)

(2,202,700)

Long term deposits decrease/(increased)

0

843,188

Income tax paid

(104,851,766)

(9,919,859)

Net cash used in operating activities

96,939,921

167,661,012

B. CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(2,756,326)

(40,381,542)

Proceed from disposal of property, plant and equipment

49,600,002

950,000

Other financial asset - net

(1)

(43,863,180)

Net cash used in investing activities

46,843,675

(83,294,722)

C. CASH FLOWS FROM FINANCING ACTIVITIES

Long-term finance paid

(133,477,725)

(56,388,823)

Long-term finance received from related party

6,200,000

141,000,000

Short-term borrowings - net

(506,719,932)

(47,566,876)

Dividend paid

15,148

0

Net cash from financing activities

(633,982,508)

37,044,302

Net decrease in cash and cash equivalents (A+B+C)

(490,198,912)

121,410,592

Cash and cash equivalents at beginning of the period

(484,863,644)

(600,675,546)

Cash and cash equivalents at end of the period

(975,062,556)

(479,264,954)

Cash and cash equivalents

Cash and bank balances

150,614,062

25,324,111

Running finance

(1,125,676,618)

(504,589,065)

12

(975,062,556)

(479,264,954)

The annexed notes form an integral part of these financial statements.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Surplus on

Issued,

revaluation of

Equity portion

subscribed

property, plant

of loan from

and paid up

and equipment

related

Unappropriated Total

capital

net of tax

parties

profit

.....……………………………..... Rupees …………………….…………………..

Balance at July 01, 2024 198,528,000 919,580,955 104,674,764 1,280,923,111 2,503,706,830

Comprehensive Income

(Loss)for the period ended March 31, 2025 Other comprehensive income - net of tax

Transfer from surplus on revaluation of property, plant and equipment on account:

-

-

-

-

-

-

(227,991,397)

-

(227,991,397)

-

- - - (227,991,397) (227,991,397)

- revaluation surplus as at Mar 31, 2025 - net of tax -

-

  • incremental depreciation charge thereon - net of tax (26,268,188)

  • disposals - net of tax

26,268,188

-

- (26,268,188) -

26,268,188

-

Transactions with related parties / owners

Unwinding of discount on long-term loan from

related parties -

-

53,036,962

-

53,036,962

Fair value effect of interest free loan provided by related parties -

-

-

-

Balance at March 31, 2025 198,528,000

893,312,767

157,711,726

1,079,199,902

2,328,752,395

Balance at July 1, 2025 198,528,000

847,625,402

164,408,050

940,328,105

2,150,889,557

Total Comprehensive Income

(Loss)for the period ended March 31, 2026 -

(78,489,403)

(78,489,403)

Other comprehensive income - net of tax -

(3,365,779)

-

(3,365,779)

-

(3,365,779)

-

(78,489,403)

(81,855,182)

Transfer from surplus on revaluation of property, plant and equipment on account:

  • revaluation surplus as at Mar 31, 2026 - net of tax

  • incremental depreciation charge thereon - net of tax

(12,614,239)

-

12,614,239

-

-

- disposals - net of tax

-

(12,614,239)

-

12,614,239

-

Transactions with related parties / owners Unwinding of discount on long-term loan from related parties

750,792

750,792

Fair value effect of interest free loan provided by related parties

-

-

Balance as at March 31, 2026

198,528,000

831,645,384

165,158,842

874,452,941

2,069,785,167

The annexed notes form an integral part of these financial statements.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



NOTES TO THE UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

  1. Idrees Textile Mills Limited (the Company) was incorporated in Pakistan as an unquoted public limited company on June 5, 1990 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) and was listed on Pakistan Stock Exchange Limited on April 28, 1992. The registered office of the Company is situated at 6-C, Ismail Centre, 1st floor, Central Commercial Area, Bahadurabad, Karachi in the Province of Sindh. The principal activity of the Company is manufacturing, processing and sale of all kinds of yarn. The Company is also engaged in business of Home Textile.

    These unconsolidated condensed interim financial statements represent standalone financial statements of the Company in which investment in subsidiary has been accounted at cost less impairment losses, if any.

    Following are the geographical location and address of all business units of the Company:

    Karachi Purpose

    6-C, Ismail Centre, 1st floor, Central

    Head Office

    Nankana Sahib Purpose

    Kot Shah Muhammad, Tehsil & District Nankana Punjab Regional Office and Production Plant /Factory

    In the year ended June 30, 2022, the Company acquired 100% ownership in ORA Home LLC (ORA), a limited liability company incorporated in New Jersey, USA on January 5, 2022. One of the directors of the Company is the member manager of ORA. Pursuant to the acquisition, ORA has become wholly owned subsidiary of the Company

  2. BASIS OF PREPARATION

    1. These unconsolidated condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprises of:

      • International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and

      • Provision of and directives issued under the Companies Act. 2017.

        Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.

        These unconsolidated condensed interim financial statements do not include all the notes required for the full unconsolidated financial statements and therefore should be read in conjunction with the unconsolidated annual financial statements of the Company for the year ended June 30, 2025.

    2. The comparative unconsolidated condensed interim statement of financial position presented has been extracted from unconsolidated annual financial statements for the year ended June 30, 2025; the comparative unconsolidated condensed interim statement of profit or loss, unconsolidated condensed interim statement of other comprehensive income, unconsolidated condensed interim statement of cash flows and unconsolidated condensed interim statement of changes in equity of the Company have been extracted from the unaudited unconsolidated condensed interim financial statements for the nine months ended March 31, 2024. Unconsolidated condensed interim statement of profit or loss and other comprehensive income for the quarter ended March 31, 2025 was not subject to review by the external auditors.

    3. These unconsolidated condensed interim financial statements are presented in Pakistani Rupees which is also the Company's functional currency and figures presented in these condensed interim financial statements have been rounded off to the nearest rupee.

  1. SIGNIFICANT ACCOUNTING AND RISK MANAGEMENT POLICIES, ESTIMATES AND JUDGEMENTS

    1. Significant accounting policies

      The significant accounting policies adopted in the preparation of this unconsolidated condensed interim financial information are the same as those applied in the preparation of the unconsolidated annual audited financial statements of the Company for the year ended June 30, 2025.

    2. Finanical risk management

      The financial risk management objective and policies are consistent with those disclosed in the unconsolidated annual audited financial statements of the Company for the year ended June 30, 2025.



      NOTES TO THE UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

      FOR THE NINE MONTHS ENDED MARCH 31, 2026

    3. Fair Value of financial assets and liabilities

      The carrying value of financial assets and financial liabilities reported in this unconsolidated condensed interim financial information approximates their fair values.

    4. Estimates and judgments

Estimates, judgments and methods of computation adopted in the preparation of this unconsolidated condensed interim financial information are same as those applied in the preparation of the unconsolidated annual audited financial statements of the Company for the year ended June 30, 2025.

4 PROPERTY, PLANT AND EQUIPMENT

During the period following additions and disposals were made: -

(Unaudited) (Audited) Nine months ended Year ended

March 31, 2026 June 30, 2025

Additions Disposals / transfers

Additions Disposals /

transfers

------------------------- Rupees ------------------------

Operating fixed assets

Factory Building

Plant and machinery (owned) (Addition)

-

2,756,328

1,334,863

-

7,154,208

-

-

Plant and machinery (owned) Transfer

-

-

(1,121,113)

Office equipment

- 80,000

-

Furniture & Fixture

- -

-

Solar Panel

-

(1,334,863)

27,038,226

Vehicles (owned)

-

(15,037,668)

11,194,700

4,069,000

-

(4,069,000)

2,756,328

(15,037,668)

45,467,134

(1,121,113)

CWIP

Building

2,197,962

2,197,962

Capital spares

9,442,072

9,442,072

11,640,034

11,640,034

(Unaudited)

March 31

2026

(Audited)

June 30

2025

5. STOCK IN TRADE

Rupees

Rupees

Raw Material - in hand

-

1,257,158,535

1,006,322,600

- in transit

37,734,340

406,420,584

Raw material - home textile

422,624

1,108,624

Work in process

-

Work in process - Home textile

-

-

-Yarn

85,890,493

111,511,263

-Home Textile

134,615,028

91,383,644

220,505,521

202,894,907

Finished Goods

473,517,653

353,228,959

Waste

7,450,579

13,597,283

1,996,789,252

1,983,572,957



NOTES TO THE UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

(Unaudited) (Audited)

March 31 June 30

2026 2025

Rupees Rupees

  1. SHORT TERM BORROWINGS

    From Banking Companies - secured 2,107,941,588 2,062,819,156

  2. CONTINGENCIES AND COMMITMENTS

    1. Contingencies

      Letters of guarantee issued by banks on behalf of the Company 312,445,673 312,445,673

    2. Commitments

      Letters of credits opened and outstanding for import of:

      - Raw material

      152,927,456

      226,882,018

      - Stores and Spares

      -

      3,207,423

      (Unaudited) (Unaudited)

      Nine Months ended Quarter Ended March 31, March 31, March 31, March 31,

  3. SALES - NET 2026 2025 2026 2025

Yarn

564,111,302

-678,818,252

453,469,147

-376,917,202

1,209,377,951

-1,969,575,138

787,455,692

-2,176,464,835

-Export

-Indirect Export

-Local

Home Textile

-Local

- Export

2,963,920,527 3,178,953,089 830,386,349 1,242,929,554

168,292,905

232,338,789

-

51,246,490

-

67,413,870

168,292,905 232,338,789 51,246,490 67,413,870

Others

-Waste 136,599,875 201,648,980 50,330,740 58,125,240

-Raw Material 92,127,146 389,770,014 - 24,916,797

Less: Salex return (276,872,908) (131,425,304) - -

Less: Brokerage & commission (2,870,490) (3,133,105) (1,842,765) (1,156,183)

Total 3,081,197,055 3,868,152,463 930,120,814 1,392,229,278



NOTES TO THE UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

(Unaudited) (Unaudited)

Nine Months ended Quarter Ended

9.

COST OF SALES

March 31,

2026

March 31,

2025

March 31,

2026

March 31,

2025

Raw material consumed

1,819,642,257

2,213,778,873

623,347,227

847,573,392

Salaries, wages and benefits

250,489,491

208,074,606

77,916,144

82,421,134

Fuel and power

691,653,646

811,171,733

190,637,483

303,356,216

Depreciation

95,089,717

91,464,725

31,265,415

30,665,406

Stores and spares

41,931,450

53,436,302

9,155,120

20,630,536

Packing material

53,492,257

54,643,956

17,502,865

20,442,832

Insurance

12,000,000

12,500,000

3,000,000

4,500,000

Repairs and maintenance

3,474,738

2,098,837

1,397,009

644,977

Provision for slow moving store items

-

-

-

-

Other manufacturing overheads

7,565,149

7,139,605

2,584,560

2,837,808

2,975,338,705

3,454,308,637

956,805,823

1,313,072,301

Work-in-process

Opening stock

111,511,263

91,441,947

81,217,573

120,355,769

Closing stock

(85,890,493)

(119,994,363)

(85,890,493)

(119,994,363)

25,620,770

(28,552,416)

(4,672,920)

361,406

Cost of goods manufactured 3,000,959,475

3,425,756,221

952,132,903

1,313,433,707

Finished goods

Opening stock

366,826,242

252,289,028

395,856,087

415,539,082

Yarn purchased

-

19,000,000

-

-

Yarn Transferred

(21,460,000)

(18,021,500)

(3,539,000)

(2,560,000)

Closing stock

(480,968,232)

(471,430,823)

(480,968,232)

(471,430,823)

(135,601,990)

(218,163,295)

(88,651,145)

(58,451,741)

Cost of Home Textile

54,781,173

35,790,017

-

-

Cost of Raw Material Sold

9.1

(125,740,323)

311,186,962

-

17,739,142

2,794,398,336

3,554,569,905

863,481,758

1,272,721,108

9.1 Cost of Raw Material Sold

92,248,146

537,227,680

-

17,739,142

Cost of Raw Material return

(217,988,469)

(226,040,718)

-

-

(125,740,323)

311,186,962

-

17,739,142

10. OTHER OPERATING EXPENSES

Infrastructure cess

2,885,314

19,243,571

-

2,654,360

Exchange loss-net

5,402,431

14,738,210

2,117,153

5,752,493

8,287,745

33,981,781

2,117,153

8,406,853



NOTES TO THE UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

(Unaudited) (Unaudited) Nine Months ended Quarter Ended

March 31, March 31, March 31, March 31,

  1. OTHER INCOME 2026 2025 2026 2025

    Income from financial assets

    Profit on deposits 11,133,709 19,414,594 2,502,025 2,436,874

    Export Rebate 2,867,741 - 524,324 -

    Sale of scrap 154,098 143,032 96,721 57,377

    Exchange gain - - - -Gain on disposal of PPE 34,562,333 950,000 31,433,478 -Others - - - -

    48,717,881 20,507,626 34,556,548 2,494,251

  2. CASH AND CASH EQUIVALENTS

    Cash and bank balances 150,614,062 25,324,111

    Short-term borrowings (1,125,676,618) (504,589,065)

    (975,062,556) (479,264,954)

  3. TRANSACTIONS WITH RELATED PARTIES

    The related parties comprises of associated undertakings, directors and key management personnel. The significant

    Relationship with Company

    (Unaudited) Nine months ended

    March 31, March 31,

    Provident Fund of the Company Contribution paid 2026 2025

    Relationship with the Company Nature of Transactions

    (July - March)

    …......……… Rupees ………………

    ORA Home LLC - Subsidiary company

    Sales

    5,799,329

    51,340,612

    amount received during the period

    9,832,911

    62,987,860

    Provident Fund of the Company

    Contribution made to provident fund

    1,688,974

    1,672,255

    Key management personnel

    Short-term employee benefit

    15,431,773

    18,880,382

    (CEO, directors & executives)

    Non executive directors

    Meeting Fee

    30,000

    30,000

    Directors

    Unwinding of discount on loan from directors

    19,375,739

    10,887,291

    Directors and some executives are provided with free use of company maintained car.

  4. DATE OF AUTHORIZATION FOR ISSUE

    These condensed interim financial information was authorized for issue on May 14, 2026 by the Board of Directors of the

    company

  5. GENERAL

Figures have been rounded off to the nearest rupee.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER

CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)



CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

AS AT MARCH 31, 2026

March 31,

2026

June 30,

2025

Note

(Un-audited)

(Audited)

ASSETS

------------ (Rupees) ------------

Non-current assets

Property, plant and equipment

5

3,176,267,137 3,287,274,093

Long-term deposits

3,713,631

3,713,631

Long term investment

- -

3,179,980,768 3,290,987,724

Current assets

Stores, spares and loose tools

38,761,421

39,168,127

Stock-in-trade

6

1,996,789,252

1,983,572,957

Trade debts

1,710,630,463

1,669,653,228

Loans and advances

81,982,029

62,240,220

Prepayments

38,968,964

48,642,455

Other receivables

384,565,506

254,910,547

Other financial assets

148,099,670

148,099,670

Cash and bank balances

167,828,417

112,174,039

Advance tax

58,022,654

39,368,371

4,625,648,376 4,357,829,614

Total assets

7,805,629,144 7,648,817,338

EQUITY AND LIABILITIES

EQUITY

Share capital and reserves

Authorized

22,000,000 ordinary shares of Rs.10/- each

220,000,000 220,000,000

Issued, subscribed and paid-up capital

198,528,000

198,528,000

Capital reserves

Surplus on revaluation of property, plant and equipment - net of tax

831,645,384

847,625,402

Equity portion of loan from related parties 165,158,842 164,408,050

Revenue reserves

Exchange translation reserves (8,036,953) (8,196,792)

Unappropriated profit 868,918,976 938,586,460

Total equity

LIABILITIES

Non-current liabilities

2,056,214,249

2,140,951,120

Long-term finance

650,038,091

571,964,487

Deferred government grant

35,749,048

49,646,844

Deferred tax liability

116,635,698

128,891,442

Retirement benefit obligation

108,826,862

88,473,344

911,249,699

838,976,117

Current liabilities

Trade and other payables

2,483,956,669

2,149,793,219

Accrued mark-up

75,377,433

74,936,843

Short-term borrowings

7

2,107,941,588

2,062,819,156

Current portion of long-term finance

151,587,905

340,967,951

Current portion of lease liability

-

-

Current portion of deferred government grant

16,547,384

23,752,731

Unclaimed dividend

2,754,216

2,739,068

Provision for taxation

-

13,881,133

4,838,165,197

4,668,890,101

Total liabilities

5,749,414,895

5,507,866,218

Total equity and liabilities

7,805,629,144

7,648,817,338

CONTINGENCIES AND COMMITMENTS

8

The annexed notes from 1 to 16 form an integral part of these condensed interim financial information.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UN-AUDITED)

FOR THE THIRD QUARTER AND NINE MONTHS ENDED MARCH 31, 2026

Nine Months Ended Quarter Ended

March 31,

March 31,

March 31,

March 31,

2026

2025

2026

2025

------------------------------------ (Rupees) --------------------------------------

Sales - net 3,090,021,918

3,892,830,318

938,945,677

1,414,373,601

Cost of sales (2,801,861,465)

(3,560,808,742)

(870,944,887)

(1,284,434,707)

Gross profit 288,160,453

332,021,576

68,000,790

129,938,894

Distribution cost

(20,385,972)

(52,624,430)

(9,081,731)

(21,053,462)

Administrative expenses

(86,131,948)

(81,455,240)

(21,985,525)

(29,922,095)

(106,517,920)

(134,079,670)

(31,067,256)

(50,975,557)

181,642,533

197,941,906

36,933,534

78,963,337

Finance cost (286,206,607)

(376,811,395)

(94,823,861)

(104,732,043)

Other operating expenses (8,592,529)

(33,981,781)

(2,421,937)

(8,406,853)

(113,156,603)

(212,851,270)

(60,312,264)

(34,175,559)

Other income 48,717,881

20,507,626

34,865,146

2,494,251

(Loss) / Profit before taxation (64,438,722)

(192,343,644)

(25,447,118)

(31,681,308)

Taxation (36,167,348)

(44,299,884)

(10,366,699)

(15,685,254)

(Loss) / Profit for the period (100,606,070)

(236,643,528)

(35,813,817)

(47,366,562)

Prior 2,702,823

104,695

-

-

Deferred 15,621,524

16,983,426

-

-

(82,281,723)

OTHER COMPREHENSIVE INCOME

Items that may be transferred subsequently to profit or loss

Foreign operations - foreign currency translation differe 8,036,953

(219,555,407)

35,069

(35,813,817)

8,034,072

(47,366,562)

32,188

Items that will not be transferred subsequently to profit or loss

Adjustment of surplus on revaluation of property, plant

and equipment due to change in tax rate -

-

-

-

Total comprehensive income / (loss) for the

period

(74,244,770)

(219,520,338)

(27,779,745)

(47,334,374)

Loss per share - basic and diluted (Rupees)

(4.14)

(11.06)

(1.80)

(2.39)





The annexed notes from 1 to 16 form an integral part of these condensed interim financial information.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Nine Months Ended

March 31,

2026

March 31,

2025

----------------- (Rupees) ----------------

CASH FLOWS FROM OPERATING ACTIVITIES

Loss before taxation

(64,438,722)

(192,343,644)

Adjustments for:

Depreciation

98,725,614

95,989,059

Provision for retirement benefit obligation

27,683,568

21,527,100

Realized Gain on other financial assets

-

-

Gain on sale of property, plant and equipment

(34,562,333)

(950,000)

Finance cost

266,830,868

365,787,530

Profit on deposits

-

-

Expected credit (loss)

15,116,082

-

Finance cost on unwinding of discount on long-term finance from related parties

19,375,739 8,075,547

Operating cash flows before working capital changes

328,730,816 298,085,592

(Increase) / decrease in current assets

Stores, spares and loose tools

406,706

5,585,697

Stock-in-trade

(13,216,295)

(236,359,390)

Trade debts

(40,977,235)

(171,501,138)

Loans and advances

(19,741,808)

31,500,630

Deposits and short-term prepayments

9,673,491

(1,137,163)

Other receivables

(129,654,959)

(85,450,800)

(193,510,100) (457,362,165)

Increase / (decrease) in current liabilities

Trade and other payable

334,163,450 752,652,638

140,653,351

295,290,473

Cash generated from operations

469,384,167

593,376,065

Finance cost paid

(266,390,241)

(400,353,560)

Retirement benefit obligation paid

(7,330,050)

(2,202,700)

Long-term deposits

-

843,188

Income tax paid

(104,872,834)

(9,919,859)

Net cash used in operating activities

90,791,042

181,743,134

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(2,756,326)

(40,381,542)

Proceed from disposal of property, plant and equipment

49,600,002

950,000

Other financial asset - net

-

(43,863,180)

Net cash used in investing activities

46,843,676

(83,294,722)

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term finance paid

(133,477,763)

(67,195,205)

Long-term finance received from related party

6,200,000

141,000,000

Short-term borrowings - net

(506,719,932)

(54,164,205)

Dividend paid

15,148

-

Net cash generated from financing activities

(633,982,546)

19,640,590

Net decrease in cash and cash equivalents

(496,347,828)

118,089,001

Cash and cash equivalents at the beginning of the period

(461,660,212)

(593,368,902)

Effects of exchange rate changes in cash and cash equivalents

159,839

(35,069)

Cash and cash equivalents at the end of the period

(957,848,201)

(475,314,970)

The annexed notes from 1 to 16 form an integral part of these condensed interim financial information.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Capital reserves Revenue reserves

Issued,subsc ribed and paid up capital

surplus on

revaluation of property, plant and equipment -

Equity

portion of loan from related Parties

Unappropriated profit

Exchange Translatio n Reserve

Total

-------------------------------------------------- (Rupees) ----------------------------------------------------

Balance as at July 1, 2024

198,528,000

919,580,955

104,674,764

1,271,889,720

(7,944,267)

2,486,729,172

Total comprehensive income for the period

(Loss) for the period

-

-

-

(219,555,407)

-

(219,555,407)

Other comprehensive income

-

-

-

-

35,069

35,069

- - -

Transfer from surplus on revaluation of property, plant and equipment on account:

(219,555,407)

35,069 (219,520,338)

- incremental depreciation charge thereon - net of tax

(29,016,451)

29,016,451

- disposals - net of tax

-

-

-

-

-

-

- (29,016,451) -

29,016,451

- -

Transactions with related parties / owners

Unwinding of discount on long-term loan from related parties (8,075,547) 8,075,547 -

Fair value effect of interest free loan provided by related parties 23,298,611 23,298,611

Balance as at March 31, 2025 198,528,000 890,564,504 119,897,828 1,089,426,311 (7,909,198) 2,290,507,445

Balance as at July 1, 2025 198,528,000 847,625,402 164,408,050 938,586,460

Total comprehensive income for the period

(8,196,792)

2,140,951,120

(Loss) for the period

-

-

-

(82,281,723)

-

(82,281,723)

Other comprehensive income

-

-

-

-

159,839

159,839

- - - (82,281,723)

159,839

(82,121,884)

Transfer from surplus on revaluation of property,

plant and equipment on account:

- incremental depreciation charge thereon - net of tax

-

(12,614,239)

-

12,614,239

-

-

- disposals - net of tax

-

-

-

-

-

-

-

(12,614,239)

-

12,614,239

-

-

Transactions with related parties / owners

Unwinding of discount on long-term loan from

related parties

-

-

750,792

-

-

750,792

Fair value effect of interest free loan provided by related parties - -Balance as at March 31, 2026 198,528,000 835,011,163 165,158,842 868,918,976 (8,036,953) 2,059,580,028

The annexed notes from 1 to 16 form an integral part of these condensed interim financial information.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER



NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED MARCH 31, 2026

  1. STATUS AND NATURE OF BUSINESS

    1. The Group consists of Idrees Textile Mills Limited (the Holding Company) and its 100% owned subsidiary ORA Home LLC (ORA) (the Subsidiary). Together referred to as "the Group" and individually as "Group entities".

    2. The Holding Company was incorporated in Pakistan as an unquoted public limited company on June 05, 1990 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017) and is listed on Pakistan Stock Exchange Limited on April 28, 1992. The registered office of the Holding Company is situated at 6-C, Ismail Centre, 1st floor, Central Commercial Area, Bahadurabad, Karachi in the Province of Sindh. The Holding Company's manufacturing facility is located at Kot Shah Muhammad, District Nankana in the Province of Punjab. The principal activity of the Holding Company is manufacturing, processing and sale of yarn. The Company is also engaged in business of Home Textile.

      The subsidiary ORA Home LLC (ORA), a limited liability company incorporated in New Jersey, USA on January 5, 2022. Its Office is situated at 4 Conklin Lane Raritan, New Jersey, USA. The principal activity of the Subsidiary Company is trading of Home Textile.

  2. BASIS OF PREPARATION

    2.1

    2.2

    These consolidated condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprises of:

    • International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and

    • Provision of and directives issued under the Companies Act. 2017.

    Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.

    These consolidated condensed interim financial statements do not include all the notes required for the full financial statements and therefore should be read in conjunction with the annual financial statements of the Company for the year ended June 30, 2025.

    The comparative consolidated condensed interim statement of financial position presented has been extracted from consolidated annual financial statements for the year ended June 30, 2025; the comparative consolidated condensed interim statement of profit or loss, consolidated condensed interim statement of other comprehensive income, consolidated condensed interim statement of cash flows and consolidated condensed interim statement of changes in equity of the Company have been extracted from the unaudited consolidated condensed interim financial statements for the nine months ended March 31, 2025. Consolidated condensed interim statement of profit or loss and other comprehensive income for the quarter ended March 31, 2026 was not subject to review by the

  3. BASIS OF CONSOLIDATION

    3.1

    3.2

    Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to or has rights to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity generally accompanying a share of more than fifty percent of the voting rights. Subsidiaries are fully consolidated from the date on which control is transferred to the Group and up to the date when the control ceases. These consolidated financial statements include Idrees Textile Mills Limited (the Holding Company) and its subsidiary entity ORA Home LLC, i.e., the entity in which the Holding Company directly owns 100%. Accordingly, there is no non-controlling interest.

    The condensed financial statements of the Subsidiary have been consolidated on a line-by-line basis. Inter-company balances and transactions, and any unrealised income and expenses (except for foreign currency transaction gains or losses) arising from intercompany transactions, are eliminated.

    These consolidated condensed interim financial statements are presented in Pakistani Rupees which is also the Holding Company's functional currency and figures presented in these condensed interim consolidated financial informations have been rounded off to the nearest rupee.

  4. SIGNIFICANT ACCOUNTING AND RISK MANAGEMENT POLICIES, ESTIMATES AND JUDGEMENTS

    1. Significant accounting policies

      The significant accounting policies adopted in the preparation of this consolidated condensed interim financial information are the same as those applied in the preparation of the consolidated annual audited financial informations of the Groupfor the year ended June 30, 2025.

    2. Finanical risk management

      The financial risk management objective and policies are consistent with those disclosed in the consolidated annual audited financial informations of the Group for the year ended June 30, 2025.

    3. Fair Value of financial assets and liabilities

      The carrying value of financial assets and financial liabilities reported in this consolidated condensed interim financial information approximates their fair values.



      NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

      FOR THE NINE MONTHS ENDED MARCH 31, 2026

    4. Estimates and judgments

      Estimates, judgments and methods of computation adopted in the preparation of this consolidated condensed interim financial information are same as those applied in the preparation of the consolidated annual audited financial statements of the Groupfor the year ended June 30, 2025.

  5. PROPERTY, PLANT AND EQUIPMENT

    During the period following additions and disposals were made: -

    (Unaudited) (Audited)

    Nine months ended Year ended

    March 31, 2026 June 30, 2025

    Additions Disposals /

    transfers

    Additions Disposals / transfers

    ------------------------- Rupees ------------------------

    Operating fixed assets

    Factory Building - -

    Plant and machinery (owned) (Addition) 2,756,328 1,334,863 7,154,208 (1,036,530) Plant and machinery (owned) Transfer - -

    Office equipment - 80,000

    Solar Panel - (1,334,863) 27,038,226

    Vehicles (owned) 5.1 - (15,037,668) 11,194,700

    4,069,000

    Vehicles (owned) Transfer (4,069,000)

    2,756,328 (15,037,668) 45,467,134 (1,036,530)

    CWIP

    Building

    2,197,962

    2,197,962

    Capital Spares

    9,442,072

    9,442,072

    11,640,034

    11,640,034

    1. Disposal of Vehicle includes 19.8 Million against total loss insurance claim.

  6. STOCK-IN-TRADE

    (Unaudited) (Audited)

    March 31 June 30

    2026 2025

    Rupees Rupees

    Raw material - Cotton 1,257,158,535 1,006,322,600

    - Yarn 422,624 1,108,624

    - in transit 37,734,340 406,420,584

    Work in process

    111,511,263

    91,383,644

85,890,493

134,615,028

-Yarn

-Home Textile

220,505,521 202,894,907

Finished Goods 473,517,653 353,228,959

Waste 7,450,579 13,597,283

1,996,789,252 1,983,572,957

  1. SHORT TERM BORROWINGS

    (Un-audited) (Audited)

    March 31 June 30,

    2026 2025

    ------------------- Rupees -----------------

    From Banking Companies - secured

    2,214,879,510

    2,062,819,156

    From Others

    -

    -

    2,214,879,510

    2,062,819,156



    NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

    FOR THE NINE MONTHS ENDED MARCH 31, 2026

  2. CONTINGENCIES AND COMMITMENTS

    (Un-audited) (Audited)

    March 31 June 30,

    0 0

    ------------------- Rupees -----------------

    1. Contingencies

      Letters of guarantee issued by banks on behalf of the Company 312,445,673 312,445,673

    2. Commitments

      Letters of credits opened and outstanding for import of:

      - Raw material

      152,927,456

      226,882,018

      - Stores & Spare

      -

      3,207,423

      (Unaudited) (Unaudited) Nine Months ended Quarter Ended

      March 31, March 31, March 31, March 31,

  3. SALES - NET 2026 2025 2026 2025

-Export

796,280,555

1,234,055,806

462,294,010

586,255,625

-Indirect Export

-

-

-

-

-Local

2,176,464,835

1,969,575,138

376,917,202

678,818,252

2,972,745,390

3,203,630,944

839,211,212

1,265,073,877

Home Textile

-Local

-

-

-

-

- Export

168,292,905

232,338,789

51,246,490

67,413,870

168,292,905

232,338,789

51,246,490

67,413,870

Others

-Waste

136,599,875

201,648,980

50,330,740

58,125,240

-Raw Material

92,127,146

258,344,710

-

24,916,797

Less: Salex return Raw Material

(276,872,908)

Less: Brokerage & commission

-1,369,509

-2,459,774

-341,784

-482,852

Discounts

-1,500,981

(673,331.00)

-1,500,981

(673,331.00)

3,090,021,918

3,892,830,318

938,945,677

1,414,373,601

Yarn

Total



NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED MARCH 31, 2026

(Unaudited) (Unaudited) Nine Months ended Quarter Ended

March 31, March 31, March 31, March 31,

2026 2025 2026 2025

…...……………………… Rupees …………………………

10.

COST OF SALES

Raw material consumed

1,819,642,257

2,213,778,873

623,347,227

847,573,392

Salaries, wages and benefits

250,489,491

208,074,606

77,916,144

82,421,134

Fuel and power

691,653,646

811,171,733

190,637,483

303,356,216

Depreciation

95,089,717

91,464,725

31,265,415

30,665,406

Stores and spares

41,931,450

53,436,302

9,155,120

20,630,536

Packing material

53,492,257

54,643,956

17,502,865

20,442,832

Insurance

12,000,000

12,500,000

3,000,000

4,500,000

Repairs and maintenance

3,474,738

2,098,837

1,397,009

644,977

Provision for slow moving store items

-

-

-

(2,088,571)

Other manufacturing overheads

7,565,149

7,139,605

2,584,559

4,926,379

2,975,338,705

3,454,308,637

956,805,822

1,313,072,301

Work-in-process

Opening stock

111,511,263

91,441,947

81,217,573

120,355,769

Closing stock

(85,890,493)

(119,994,363)

(85,890,493)

(119,994,363)

25,620,770

(28,552,416)

(4,672,920)

361,406

Cost of goods manufactured

3,000,959,475

3,425,756,221

952,132,902

1,313,433,707

Finished goods

Opening stock

366,826,242

252,289,028

395,856,087

424,738,381

Yarn purchased

(21,460,000)

19,000,000

(3,539,000)

34,461,500

Yarn Transferred

-

(18,021,500)

-

(37,021,500)

Closing stock

(480,968,232)

(471,430,823)

(480,968,232)

(471,430,823)

(135,601,990)

(218,163,295)

(88,651,145)

(49,252,442)

Cost of Home Textile

62,244,302

42,028,854

7,463,129

2,514,300

Cost of Raw Material Sold

(125,740,323)

311,186,962

-

17,739,142

2,801,861,465

3,560,808,742

870,944,887

1,284,434,707

(Unaudited) (Unaudited) Nine Months ended Quarter Ended

March 31,

2026

March 31,

2025

March 31,

2026

March 31,

2025

11. OTHER OPERATING EXPENSES

Infrastructure cess

2,885,314

19,243,571

-

2,654,360

Exchange loss-net

5,402,431

14,738,210

2,117,153

5,752,493

Other Expenses

304,784

-

304,784

-

8,592,529

33,981,781

2,421,937

8,406,853



‌NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE NINE MONTHS ENDED MARCH 31, 2026

12.

OTHER INCOME

Income from financial assets

Profit on deposits

11,133,709

19,414,594

2,502,025

2,436,874

Export rebate

2,867,741

-

524,324

-

Realized Gain on other financial assets

-

-

-

-

Sale of scrap

154,098

143,032

96,721

57,377

Exchange gain

-

-

-

-

Gain on disposal of PPE

34,562,333

950,000

31,433,478

-

Others

-

-

308,598

-

48,717,881

20,507,626 34,865,146

2,494,251

13. CASH AND CASH EQUIVALENTS

Cash and bank balances

167,828,417

29,274,095

Short-term borrowings

(1,125,676,618)

(504,589,065)

(957,848,201)

(475,314,970)

14. TRANSACTIONS WITH RELATED PARTIES

The related parties comprises of associated

undertakings, directors

and key management personnel.

The significant

transactions with related parties during the period are as follows:

(Unaudited) Nine months ended

March 31, March 31,

Relationship with the Company Nature of Transactions 2026 2025

(July - March)

…......……… Rupees ………………

ORA Home LLC - Subsidiary company

Sales

5,799,329

51,340,612

amount received during the period

9,832,911

62,987,860

ORA Saphire

Loan Paid

-

3,597,329

Provident Fund of the Company

Contribution made to provident fund

1,688,974

1,672,255

ORA Saphire

Short term loan payable

-

3,361,200

Key management personnel

Short-term employee benefit

15,431,773

18,880,382

(CEO, directors & executives)

Non Executive directors

Meeting Fee

30,000

30,000

Directors

Unwinding of discount on loan

from directors

19,375,739

10,887,291

Directors and some executives are provided with free use of company maintained car.

  1. DATE OF AUTHORIZATION FOR ISSUE

    These condensed interim financial information was authorized for issue on 14th May, 2026 by the Board of Directors of the Company.

  2. GENERAL

Figures have been rounded off to the nearest rupee.



CHAIRMAN / DIRECTOR CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER

BOOK POST

P r i n t e d M a t e r i a l



A MEMBER OF THE

If undelivered please return to:

IDREES TEXTILE MILLS LIMITED

6-C, Ismail Centre, 1st Floor, Central Commercial Area, Bahadurabad, Karachi - 74800 (Pakistan)

A L L A W A L A G R O U P

Earlier from Idrees Textile Mills

All Idrees Textile Mills news releases