Baldher, District Haripur, Khyber Pakhtunkhwa COMPANY INFORMATION
CHAIRMAN Mr. Aurangzeb Khan
CHIEF EXECUTIVE Mr. Adam Jadoon
DIRECTORS
Mr. Aurangzeb Khan Mr. Adam Jadoon
Mr. Amanullah Khan Jadoon Mr. Hassan Ovais
Mrs. Aamna Jadoon
Mr. Muhammad Bahauddin Mr. Nusrat Iqbal
AUDIT COMMITTEE
CHAIRMAN Mr. Nusrat Iqbal
MEMBER Mrs. Aamna Jadoon
MEMBER Mr. Muhammad Bahauddin
HR & R COMMITTEE
CHAIRMAN Mr. Nusrat Iqbal
MEMBER Mr. Muhammad Bahauddin
MEMBER Mr. Adam Jadoon
COMPANY SECRETARY Mr. Sadaqat Khan
C.F.O Mr. Taj Muhammad
AUDITORS M/s Clarkson Hyde Saud Ansari Chartered Accountants
SHARE REGISTRAR F.D. Registrar Services (SMC-Pvt) Ltd
REGISTERED OFFICE Khyber Textile Mills Ltd.
& HEAD OFFICE Baldher, District Haripur, Khyber Pakhtunkhwa
MILLS Baldher, District Haripur,
Khyber Pakhtunkhwa
Website address:- www.khybertextile.com Email Address:- info@khybertextile.com Phone No:- 0995-655048
Directors ReportOn behalf of the Board of Directors (BOD), we are pleased to present the third quarter unaudited financial statements for the period ending 31st March 2026. This report provides an overview of the Company's current business activities, its operations, the ongoing banking litigation, credit restrictions and the continued closure of textile production.
In accordance with the decisions made during previous AGMs and per the BOD's instructions and approval, Management has repurposed a substantial portion of the Company's vacant land for agricultural business activities, including a livestock farm for the purchase, rearing and sale of cattle. Additionally, input costs for the farm have been reduced by cultivating fodder on the Company's agricultural land for livestock consumption. Furthermore, Management has also continued to rent some of its empty buildings and warehouses to generate additional income, which is being reinvested into ongoing operations. These measures have enabled the Company to make effective use of its assets and support ongoing operations. Therefore, the Company has generated revenue during the period under review, which has been reflected in the financial statements annexed herewith.
The primary challenge in resuming textile operations remains the restriction on access to credit facilities due to the ongoing litigation pending before the Courts initiated by the Banks to recover liabilities, which the Company disputes. As a result of these credit constraints, the Company is unable to complete the balancing, modernization, and replacement (BMR) process or obtain the required working capital essential to restarting textile production. Nevertheless, the Company continues to defend the banking litigation before the Courts in order to reach finality in these matters.
Despite these challenges, the Company is managing expenses, operating and investing in its current business activities, generating revenue, and meeting its requirements as an active taxpayer. Accordingly, the Board will continue to steer the Company in line with available resources and safeguard its interests.
For and on behalf of the Board of Directors,
Chief Executive Director Adam Jadoon Muhammad Bahauddin Baldher, Haripur Dated: 27th April 2026
KHYBER TEXTILE MILLS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2026
Note | Mar. 31, 2026 Unaudited | June 30, 2025 Audited | ||
Rupees | ||||
NON CURRENT ASSETS | ||||
Property, Plant and Equipment | 3 | 1,273,175,483 | 1,280,756,896 | |
Bearer Plants (Biological assets) | 209,450 | 182,450 | ||
Long Term Deposits | 88,983 | 88,983 | ||
1,273,473,916 | 1,281,028,329 | |||
CURRENT ASSETS | ||||
Inventory - Livestock (Biological Assets) | 11,505,025 | - | ||
Inventory - Animal Feed and Medicines | 949,725 | 707,000 | ||
Stores and Spares | 4 | - | - | |
Advances and Other Receivables | 2,808,374 | 1,925,801 | ||
Cash and Bank Balances | 5 | 523,134 | 17,050,510 | |
15,786,258 | 19,683,311 | |||
1,289,260,174 | 1,300,711,640 | |||
SHARE CAPITAL AND RESERVES | ||||
Share Capital | 12,275,030 | 12,275,030 | ||
Capital Reserve | ||||
Statutory Reserve | 257,782 | 257,782 | ||
Revaluation Surplus | 1,236,747,968 | 1,244,978,331 | ||
1,237,005,750 | 1,245,236,113 | |||
Accumulated Loss | (7,048,465) | (6,560,109) | ||
1,242,232,315 | 1,250,951,034 | |||
NON CURRENT LIABILITIES | ||||
Loan from Shareholder/ Director | 6 | 16,500,757 | 16,500,757 | |
Deferred Taxation | 24,786,638 | 27,226,185 | ||
41,287,395 | 43,726,942 | |||
CURRENT LIABILITIES | ||||
Short Term Loan from Directors | 7 | 5,159,718 | 5,559,718 | |
Trade and Other Payables | 8 | 580,746 | 473,946 | |
5,740,464 | 6,033,664 | |||
CONTINGENCIES AND COMMITMENTS | 9 | |||
1,289,260,174 | 1,300,711,640 | |||
The annexed notes form an integral part of these condensed financial statements
Chief Executive Director Chief Financial Officer
KHYBER TEXTILE MILLS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026
3 Months Period Ended | ||
2026 | 2025 | |
Rupees | ||
9 Months Period Ended | ||
2026 | 2025 | |
Rupees | ||
Note
SALES | 530,000 | 609,000 | 530,000 | 609,000 | ||||
Less: COST OF SALES | 2,232,910 | 2,122,353 | 2,232,910 | 2,122,353 | ||||
GROSS PROFIT | (1,702,910) | (1,513,353) | (1,702,910) | (1,513,353) | ||||
Less: Administrative, Selling and General Expenses | 3,647,951 | 5,073,747 | 15,583,371 | 17,075,203 | ||||
(5,350,861) | (6,587,100) | (17,286,281) | (18,588,556) | |||||
OTHER INCOME | ||||||||
Rent | 1,902,425 | 2,189,177 | 5,904,325 | 6,600,977 | ||||
Agricultural Income | - | - | 225,750 | 220,110 | ||||
OPERATING (LOSS) | (3,448,436) | (4,397,923) | (11,156,206) | (11,767,469) | ||||
Less: Financial Expenses | 70 | 610 | 2,060 | 1,200 | ||||
(LOSS) BEFORE TAXATION | (3,448,506) | (4,398,533) | (11,158,266) | (11,768,669) | ||||
TAXATION | ||||||||
Current Deferred | 10 | - (817,120) | - (523,896) | - (2,451,360) | - (1,571,688) | |||
(817,120) | (523,896) | (2,451,360) | (1,571,688) | |||||
NET (LOSS) FOR THE PERIOD | (2,631,386) | (3,874,637) | (8,706,906) | (10,196,981) | ||||
OTHER COMPREHENSIVE INCOME | - | - | - | - | ||||
TOTAL COMPREHENSIVE / (LOSS) FOR THE | PERIOD | (2,631,386) | (3,874,637) | (8,706,906) | (10,196,981) | |||
(LOSS) PER SHARE - BASIC AND DILUTED | (2.14) | (3.16) | (7.09) | (8.31) |
The annexed notes form an integral part of these condensed financial statements.
Chief Executive Director Chief Financial Officer
KHYBER TEXTILE MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026
SHARE | CAPITAL RESERVE | ||||
CAPITAL | |||||
Issued, Subscribed & | Statutory | Revaluation | Accumulated Loss | Total | |
Paid Up | Reserve | Surplus | |||
Capital | |||||
' ------------------- Rupees -------------------
Balance as at July 1, 2024 | 12,275,030 | 257,782 | 1,254,829,867 | (10,561,588) | 1,256,801,091 | |
Transfer due to Incremental Depreciation on Revaluation of Property, Plant and Equipment | - | - | (7,385,976) | 7,385,976 | - | |
Deferred Tax related to Depreciation on Building Cost | - | - | (12,434) | - | (12,434) | |
Total Comprehensive Loss | - | - | - | (10,196,981) | (10,196,981) | |
Balance as at March 31, 2025 | 12,275,030 | 257,782 | 1,247,431,457 | (13,372,593) | 1,246,591,676 | |
Balance as at July 1, 2025 | 12,275,030 | 257,782 | 1,244,978,331 | (6,560,109) | 1,250,951,034 | |
Transfer due to Incremental Depreciation on Revaluation of Property, Plant and Equipment | - | - | (8,218,550) | 8,218,550 | ||
Deferred Tax related to Depreciation on Building Cost | (11,813) | - | (11,813) | |||
Total Comprehensive Income /(Loss) | - | - | - | (8,706,906) | (8,706,906) | |
Balance as at March 31, 2026 | 12,275,030 | 257,782 | 1,236,747,968 | (7,048,465) | 1,242,232,315 |
The annexed notes form an integral part of these condensed financial statements.
Chief Executive Director Chief Financial Officer
KHYBER TEXTILE MILLS LIMITED CONDENSED INTERIM CASH FLOW STATEMENT
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026
9 Months Period Ended | ||
2026 | 2025 | |
Rupees | ||
Note
CASH FROM OPERATING ACTIVITIES | |||
(Loss) after Taxation Adjustments for: Depreciation | (11,158,266) 8,843,413 | (11,768,669) 9,625,890 | |
Financial Expenses | 70 | 1,200 | |
Operating (loss) before working capital changes | (2,314,783) | (2,141,579) | |
(Increase)/Decrease in Operating Assets | |||
Inventory - Livestock | (11,505,025) | (9,425,320) | |
Inventory - Animal Feed and Medicines | (242,725) | (299,072) | |
Increase/(Decrease) in Operating Liabilities | (14,062,533) | (11,865,971) | |
Trade and Other Payables | 106,800 | (310,200) | |
Cash (used in) operations | (13,955,733) | (12,176,171) | |
Financial Expenses | (70) | (1,200) | |
Income Tax Paid | (882,573) | (946,141) | |
Net Cash (used in) Operating Activities | (14,838,376) | (13,123,512) | |
CASH FROM INVESTING ACTIVITIES | - | - | |
Expenditure on Fixed Capital Assets | (1,262,000) | - | |
Expenditure on Bearer Plants | (27,000) | (17,500) | |
Net Cash (used in) Investing Activities | (1,289,000) | (17,500) | |
CASH FROM FINANCING ACTIVITIES | |||
Repayment of Director's Loan | (400,000) | (400,000) | |
Net Cash (used in) Financing Activities | (400,000) | (400,000) | |
NET (DECREASE) IN CASH AND CASH EQUIVALENTS | (16,527,376) | (13,541,012) | |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 17,050,510 | 13,840,420 | |
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 523,134 | 299,408 | |
Chief Executive Director Chief Financial Officer
KHYBER TEXTILE MILLS LIMITED 8
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026
CORPORATE AND GENERAL INFORMATION
Khyber Textile Mills Limited is a Public Limited Company, incorporated on 26th August, 1961 under the Companies Act, 1913 (Now the Companies Act, 2017). Its shares are quoted on the Pakistan Stock Exchange Limited. The activities of the Company were the manufacture and sale of cotton, polyester yarn and cloth; however due to external factors production was halted. Consequently, the Company has been operating an agricultural livestock business on its vacant land since 2017, as a revised principal line of business of the Company, that is agricultural, which was approved by the Registrar of Companies in 2019. It has also been carrying out alternative business activities of renting excess buildings for warehousing and rental purposes since 2016.
The geographical locations and addresses of Company's premises are as under:
- The registered office of the Company, the production facility and agricultural farms are located at Baldher, District Haripur, Khyber Pakhtunkhwa
BASIS OF PRESENTATION
Statement of Compliance
These 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 comprise 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
Provisions 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 condensed interim financial statements do not include all the information required for full financial statements and should be read in conjunction with the annual financial statements for the year ended June 30, 2025.
Significant Accounting Policies
The accounting policies and the methods of computation adopted in the preparation of these condensed interim financial statements are the same as those applied in the preparation of the audited financial statements for the year ended June 30, 2025.
Estimates and judgments made by Management in the preparation of these condensed interim financial statements are the same as those that were applied to the audited annual financial statements of the Company as at and for the year ended June 30, 2025.
These financial statements are presented in Pakistan Rupees, which is the Company's functional and presentation currency.
June 30, 2025
Mar. 31, 2026
-------- Rupees --------
3 PROPERTY, PLANT AND EQUIPMENT | |||
Cost - Opening | 1,625,228,961 | 1,625,228,961 | |
Additions during the period | 1,262,000 | - | |
1,626,490,961 | 1,625,228,961 | ||
Accumulated Depreciation - Opening | 344,472,065 | 331,637,546 | |
Depreciation for the period | 8,843,413 | 12,834,519 | |
353,315,478 | 344,472,065 | ||
1,273,175,483 | 1,280,756,896 | ||
4 STORES AND SPARES | |||
General Stores | 3,000,000 | 3,000,000 | |
Less: Provision for Obsolescence | (3,000,000) | (3,000,000) | |
- | - | ||
5 CASH AND BANK BALANCES | |||
Cash in Hand | 134,525 | 919,887 | |
Cash at Bank - Current Account (Conventional Banks) | 388,609 | 16,130,623 | |
523,134 | 17,050,510 | ||
6 LOAN FROM SHAREHOLDER/ DIRECTOR | 16,500,757 | 16,500,757 | |
This represents the amount received from a shareholder/ director of the Company for the purpose of working capital requirements. The loan is interest free, unsecured and the lender has deferred his right to repayment at least twelve months from the date of these financial statements.
7 SHORT TERM LOAN FROM DIRECTORS
5,159,718
5,559,718
This represents the amount received from a director of the Company for the purpose of working capital requirements. The loan is interest free, unsecured and repayable on demand.
8 TRADE AND OTHER PAYABLES | |||
Accrued Liabilities | 542,090 | 435,290 | |
Other Liabilities | 38,656 | 38,656 | |
580,746 | 473,946 | ||
9 CONTINGENCIES AND COMMITMENTS | |||
Contingencies reported in the annual audited financial statements for the year ended June 30, 2025 remain-unchanged.
TAXATION
No provision for current taxation has been made in these condensed interim financial statements.
RELATED PARTY TRANSACTIONS
Related parties comprise of group companies ( associates ), directors, major shareholders, their close family members and key management personnel. Transactions with related parties during the year, other than and including those which have been disclosed elsewhere in these financial statements, are given below:
Name of Related Party Nature of Transaction
Mr. Adam Jadoon - Director Loan repaid
400,000 1,100,000
DISCLOSURE REQUIREMENT FOR SHARIAH COMPLIANT COMPANIES
Conventional
Shariah Compliant
Total
--------- Amount in Rupees ---------
Statement of financial position | |||
Bank Balances | 388,609 | - 388,609 | |
Statement of profit or loss | - | - - | |
FINANCIAL RISK EXPOSURE AND RISK MANAGEMENT
The Company's financial risk exposures and risk management objectives and policies are consistent with those disclosed in the annual audited financial statements for the year ended June 30, 2025.
CORRESPONDING FIGURES
Corresponding figures have been rearranged and reclassified, wherever necessary, for the purpose of better presentation, the effect of which is not material.
FIGURES
Figures in these financial statements have been rounded off to the nearest rupee.
DATE OF AUTHORISATION
These financial statements were authorised for issue on April 27, 2026 by the Board of Directors of the Company.
Chief Executive Director Chief Financial Officer