Zahidjee Textile Mills LimitedPSX: ZAHID

Transmission of Quarterly Report for the Period Ended 31 March 2026

Apr 27, 2026 at 9:35 AM UTC · Issued by Zahidjee Textile Mills Limited

CONTENTS

COMPANY INFORMATION

Board of Directors

Mr. Ahmad Zahid Chairman

Mr. Muhammad Zahid Chief Executive Mrs.Mehreen Fahad Director

Mr. Muhammad Ali Independent Director Mr. Sajjad Hussain Shah Independent Director Mr. Faisal Masood Afzal Independent Director Mr. Shahbaz Haider Agha Independent Director

Audit Committee

Mr. Sajjad Hussain Shah Chairman Mr. Faisal Masood Afzal Member Mr. Muhammad Ali Member

HR & Remuneration Committee

Mr. Shahbaz Haider Agha Chairman Mr. Muhammad Ali Member

Mr. Ahmad Zahid Member

Mr. Muhammad Zahid Member

Nomination Committee

Mr. Shahbaz Haider Agha Chaiman Mrs. Mehreen Fahad Member Mr. Faisal Masood Afzal Member

Risk Management Committee

Mr. Sajjad Hussain Shah Chairman Mr. Muhammad Zahid Member Mr. Ahmad Zahid Member

Chief Financial Officer Mr. Muhammad Asif

Company Secretary Mr. Shahb U din

Khan

Auditors

RSM Avais Hyder Liaquat Nauman Chartered Accounts

Bankers of the Company

Askari Bank Limited Bank AI-FaIah Limited

Banklslami Pakistan Limited Dubai Islamic Bank

Habib Bank Limited JS Bank Limited Meezan Bank Limited

National Bank of Pakistan Samba Bank Limited Soneri Bank Limited

The Bank of Punjab United Bank Limited

Registered Office

131-A, P-Street Upper Mall, Lahore. Tel: 042-35777291-5

Plant site

28-KM, Sheikhupura Road, Faisalabad
32-KM, Tandlian wala Road, Faisalabad
M-3 Industrial City, Sahianwala, Faisalabad

Share Reistrar

Corptec Associates (Private) Limited 503-E, Johar Town, Lahore

Tel: 042-35170335-6

Fax 042-35170338

E-mail: info@corptec.com.pk

Director's Report to Shareholders

The Board of Directors of Zahidjee Textile Mills Limited ("the Company") are pleased to present un-audited financial statements for nine months ended March 31, 2026.

Economic Review

The first nine months of fiscal year 2025-26 unfolded against a complex global economic backdrop, characterized by sluggish growth in major economies, heightened geopolitical tensions, and the imposition of wide-ranging US import tariffs. While Pakistan's key macroeconomic indicators showed signs of stabilization, the textile sector continued to struggle, with growth remaining largely stagnant due to weak global demand and persistently high input costs.

Industry Review

The textile industry in Pakistan is facing mounting challenges due to subdued global demand. Ongoing international conflicts have intensified geopolitical tensions, further weighing on global economic activity and limiting export opportunities.

Domestically, structural issues such as high energy tariffs and supply chain disruptions (Cotton crop fluctuations due to climate change) continue to undermine business confidence and disrupt industrial performance. At the same time, rising economic pressures-including increased labor costs driven by minimum wage adjustments and an increasingly stringent tax regime-have placed a significant burden on local enterprises. These factors have collectively weakened the sector's ability to remain competitive against regional peers.

Financial Results

The Summery of key financial numbers are presented below:

----------------Rs. in million-------

Financial Highlights	March 31, 2026	March 31, 2025
Sales	28,751	30,941
Gross Profit	1,668	1,721
Levies	69.6	95.8
Profit Before Levies and Income Tax	1,007.5	1,119.9
Provision for Taxation	(45.5)	64.5
Profit After Taxation	983.5	959.5
Earnings Per Share - Basic and Diluted	5.14	5.01

The company has reported a turnover of Rs. 28.75 billion for the period ended 31 March 2026, as compared to Rs. 30.94 billion for the same period last year, reflecting a decrease of 7.08% primarily due to lower demand and prices. Gross profit for the current year stands at Rs. 1,688 million as against Rs. 1,721 million in the previous year, showing a decrease of 3.07%. The company has earned a net profit of Rs. 983.5 million, as compared to Rs. 959.5

million for the same period last year, reflecting an increase of 2.5%. Earnings per share (EPS) improved to Rs. 5.14 as compared to Rs. 5.01 in the corresponding period last year.

The improvement in profitability is primarily attributable to enhanced operational efficiency, reflected in an increase in net profit as compared to last year, along with a reduction in distribution expenses to Rs. 155 million as compared to Rs. 183 million of same period last year, and a decline in finance costs to Rs. 703.2 million as compared to Rs.

760.9 million of same period last year, mainly due to lower interest rates.

Despite various challenges, the company has been able to achieve reasonable growth in overall profitability.

As at 31 March 2026, the company's fixed assets stood at Rs. 18.17 billion, as compared to Rs. 19.17 billion as at 30 June 2025, primarily due to depreciation charges exceeding new capital expenditures during the period. Creditors decreased to Rs.2.8 billion as compared to 3.5 billion of last year ended, reflecting improved working capital management and timely settlement of obligations. Long-term loans declined significantly to 1.6 billion as compared to 3.4 billion of last year ended, mainly on account of scheduled repayments and partial early retirement of debt, supported by strong cash flows. Consequently, interest payable also reduced to 143 million as compared to 186 million last year ended, in line with the lower outstanding borrowings and easing interest rates.

Future Prospects

Despite a challenging operating environment, the company remains firmly committed to building resilience by prioritizing cost optimization and driving sustainable sales growth to strengthen its market position. Through a continued focus on innovation, sustainability, and agile management practices, the company is well-positioned to navigate economic volatility while consistently contributing to Pakistan's economic development.

Acknowledgements

We are very thankful to the customers for their support and shareholders for their confidence and trust in the management of the Company. We are also thankful to all the staff members for their hard work and commitment to the betterment of the Company.

For and on Behalf of

Muhammad Zahid Ahmad Zahid

Chief Executive Officer Director

April 25, 2026 Lahore


2026	2025

28,751	30,941
1,668	1,721
69.6	95.8
1,007 5	1,119.9
(45.5)	64.5
983.5	959.5
5.14	5.01

‌

‌ZAHIDJEE TEXTILE MILLS LIMITED‌

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT March 31, 2026

		Un-audited March 31,	Audited June 30,
	Note	2026 Rupees	2025 Rupees
NON - CURRENT ASSETS
Property, plant and equipment	3	18,177,501,180	19,174,379,964
Long term security deposits		4,975,784	4,975,784
		18,182,476,964	19,179,355,748
CURRENT ASSETS
Stores, spares and loose tools		241,532,879	383,364,754
Stock in trade		5,839,182,957	6,905,732,976
Trade debts		3,889,599,320	3,869,618,724
Loans, advances and deposit		484,499,084	549,999,800
Prepayments		87,149,987	271,242,785
Other receivables		158,930,053	416,541,050
Short term investment	4	269,413,861	225,474,638
Tax refunds due from Government		835,193,712	1,090,117,589
Cash and bank balances	5	4,752,092,417	4,070,690,472
		16,557,594,270	17,782,782,788
CURRENT LIABILITIES
Trade and other payables		2,888,836,611	3,555,601,002
Interest / mark up payable		143,491,598	186,572,329
Short term borrowings		4,788,203,840	5,316,693,264
Unclaimed dividend		13,070,335	12,873,679
Current portion of long term finance		682,194,636	1,017,143,779
Provision for taxation - income tax		718,600,074	750,581,810
		9,234,397,094	10,839,465,863
		25,505,674,140	26,122,672,673
NON - CURRENT LIABILITIES

1,004,104,096	2,482,101,050
33,730,455	35,886,523
2,590,138,068	2,739,161,405

Long term finance Deferred liability

Staff retirement gratuity

Deferred taxation

3,627,972,619 5,257,148,978

CONTINGENCIES AND COMMITMENTS 6 - -

Net worth 21,877,701,521 20,865,523,695

Represented by :

Share capital Capital reserves Merger reserve

Surplus on revaluation of property, plant and equipment

Revenue reserves

1,914,210,990	1,914,210,990
366,258,513	366,258,513
6,284,477,380	6,574,220,175
13,312,754,638	12,010,834,017

21,877,701,521 20,865,523,695

The annexed notes from 1 to 13 form an integral part of these financial statements.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

ZAHIDJEE TEXTILE MILLS LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR NINE MONTHS ENDED March 31, 2026

Quarter ended March 31, Nine Months ended March 31,

Note	2026 Rupees	2025 Rupees	2026 Rupees	2025 Rupees
Sales 7	9,946,676,699	10,769,848,631	28,751,881,409	30,941,877,538
Cost of sales 8	9,572,539,024	10,177,276,496	27,083,214,299	29,220,373,569
Gross profit	374,137,675	592,572,135	1,668,667,110	1,721,503,969
Trading profit	436,226	258,692	613,006	355,321
Other income	247,165,757	160,439,710	528,463,043	600,095,976
	621,739,658	753,270,537	2,197,743,159	2,321,955,266
Distribution cost	42,280,565	63,433,342	155,527,787	183,437,980
Administrative expenses	78,469,612	41,181,661	235,847,788	204,350,746
Other operating expenses	33,765,626	15,005,265	95,562,463	53,221,435
Finance cost	190,188,998	239,812,128	703,222,051	760,999,724
	344,704,801	359,432,396	1,190,160,089	1,202,009,885
Profit for the period before levies and taxation	277,034,857	393,838,141	1,007,583,070	1,119,945,381
Levies	5,471,017	14,028,686	69,608,294	95,879,883
Profit for the period before taxation	271,563,840	379,809,455	937,974,776	1,024,065,498
Provision for taxation 9	(2,576,983)	77,747,725	(45,536,958)	64,530,574
Profit for the period	274,140,823	302,061,730	983,511,734	959,534,924
Earnings per share - Basic and diluted	1.43	1.58	5.14	5.01

The annexed notes from 1 to 13 form an integral part of these financial statements.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

ZAHIDJEE TEXTILE MILLS LIMITED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR NINE MONTHS ENDED March 31, 2026

Quarter ended March 31, Nine months ended December 31,

2026	2025		2026	2025
Rupees	Rupees		Rupees	Rupees

Profit for the period 274,140,823 302,061,730 983,511,734 959,534,924

Other comprehensive income - - - -Total comprehensive income for the period 274,140,823 302,061,730 983,511,734 959,534,924

The annexed notes from 1 to 13 form an integral part of these financial statements.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER ZAHIDJEE TEXTILE MILLS LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE NINE MONTHS ENDED March 31, 2026

Un-Audited Un-Audited

Mar-31 Mar-31

2026 2025

Note Rupees Rupees

a) CASH FLOWS FROM OPERATING ACTIVITIES
Profit for the year before Levies and income tax	1,007,583,070	1,119,945,381
Adjustment for:
Depreciation of property, plant and equipment	1,245,294,861	930,695,987
Profit on deposits	(466,608,394)	(187,254,117)
Provision for staff retirement gratuity	-	-
Loss / (gain) on disposal of operating assets - net	16,421,815	127,551
Loss on disposal of short term investments - net	539,696	(371,226,094)
Dividend income	-	(6,645,488)
Fair value (Gain) on short term investments	-	(5,992,013)
Balances written (back) - net	(10,444,527)	(9,987,796)

Finance cost 703,222,051 760,999,724

Operating cash flows before working capital changes 2,496,008,572 2,230,663,134 Changes in working capital

(Increase) / decrease in current assets

Stores, spares and loose tools	141,831,875	(26,225,304)
Stock in trade	1,066,550,019	(1,464,864,812)
Trade debts	(9,536,069)	(119,310,582)
Loans, advances and deposit	379,581,393	(62,558,286)
Prepayments	(6,998,246)	221,023,040
Other receivables	229,794,622	(77,097,229)
Tax refunds due from Government- sales tax	625,922,856	(490,652,434)
(Decrease) / increase in current liabilities
Trade and other payables	(666,764,391)	673,121,233
	1,760,382,059	(1,346,564,375)
Cash generated from operating activities	4,256,390,631	884,098,758
Finance cost paid	(746,302,782)	(873,246,489)
Income tax paid	(670,398,816)	(444,759,681)
Net cash (used in) operating activities	2,839,689,033	(433,907,411)

Un-Audited Un-Audited

Mar-31 Mar-31

2026 2025

Note Rupees Rupees

b) CASH FLOWS FROM INVESTING ACTIVITIES

Additions in:
Property, plant and equipment	(260,586,342)	(182,443,226)
Short term investment	(25,888,361)	47,776,567
Proceeds from disposal of operating assets	1,648,000	-
Proceeds from disposal of short term investment	14,835,528	371,226,094
Profit on deposits	453,139,608	187,254,117
Dividend received Long term security deposits Rent Received	- - -	6,645,488 - -
Net cash generated from / (used in) investing activities	183,148,433		430,459,041
c) CASH FLOWS FROM FINANCING ACTIVITIES
Long term finance obtained	-		6,400,900
Repayment of long term finance	(1,812,946,097)		(1,175,856,786)
Increase in short term borrowings - net	(528,489,424)		1,296,089,887
Net cash generated from financing activities	(2,341,435,521)		126,634,001
Net increase / (decrease) in cash and cash equivalents (a+b+c)	681,401,945		123,185,630
Cash and cash equivalents at the beginning of the period	4,070,690,472		4,139,123,929
Cash and cash equivalents at the end of the period	4,752,092,417		4,262,309,559

The annexed notes from 1 to 13 form an integral part of these financial statements.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

ZAHIDJEE TEXTILE MILLS LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE NINE MONTHS ENDED March 31, 2026

ISSUED,	CAPITAL RESERVES			REVENUE RESERVES
ISSUED,
SUBSCRIBED AND PAID-UP CAPITAL	Merger reserve	Surplus on revaluation of property, plant	Sub total	General reserve	Unappropriated profit	Sub total	Total
		and equipment

----------------------------------------------------- R u p e e s -----------------------------------------------------

Balance as at July 01, 2024 (Audited) Total comprehensive income for the period	1,914,210,990	366,258,513	3,491,794,897	3,858,053,410	300,000,000	9,939,880,679	10,239,880,679	16,012,145,079
Profit for the period	-	-	-	-	-	959,534,924	959,534,924	959,534,924
Other comprehensive income	-	-	-	-	-	-	-	-
	-	-	-	-	-	959,534,924	959,534,924	959,534,924
Incremental depreciation on
revalued assets for the period - net of deferred tax	-	-	(323,111,910)	(323,111,910)	-	323,111,910	323,111,910	-
Adjustment of deferred tax for the period	-	-	76,983,096	76,983,096	-	-	-	76,983,096
Balance as at March 31, 2025 (Unaudited)	1,914,210,990	366,258,513	3,245,666,083	3,611,924,596	300,000,000	11,222,527,513	11,522,527,513	17,048,663,099
Total comprehensive income for the period
Profit for the period	-	-	-	-	-	535,245,865	535,245,865	535,245,865
Surplus on revaluation of property, plant and equipment arisen during the year	-	-	4,988,696,347	4,988,696,347	-	-	-	4,988,696,347
Related deferred tax	-	-	(1,317,370,673)	(1,317,370,673)	-	-	-	(1,317,370,673)
	-	-	3,671,325,674	3,671,325,674	-	535,245,865	535,245,865	4,206,571,539
Incremental depreciation on
revalued assets for the period - net of deferred tax	-	-	62,546,270	62,546,270	-	(62,546,270)	(62,546,270)	-
Surplus realised on disposal of property, plant and equipment - net of deferred tax	-	-	(15,606,909)	(15,606,909)	-	15,606,909	15,606,909	-
Adjustment of deferred tax for the period	-	-	(389,710,943)	(389,710,943)	-	-	-	(389,710,943)
Balance as at June 30, 2025 (Audited)	1,914,210,990	366,258,513	6,574,220,175	6,940,478,688	300,000,000	11,710,834,017	12,010,834,017	20,865,523,695
Total comprehensive income for the period
Profit for the period	-	-	-	-	-	983,511,734	983,511,734	983,511,734
Other comprehensive income	-	-	-	-	-	-	-	-
	-	-	-	-	-	983,511,734	983,511,734	983,511,734
Incremental depreciation on
revalued assets for the period - net of deferred tax	-	-	(314,092,608)	(314,092,608)	-	314,092,608	314,092,608	-
Surplus realised on disposal
of property, plant and equipment - net of deferred tax	-	-	(4,316,278)	(4,316,278)	-	4,316,278	4,316,278	-
Adjustment of deferred tax for the period	-	-	28,666,091	28,666,091	-	-	-	28,666,091
Balance as at March 31, 2026 (Unaudited)	1,914,210,990	366,258,513	6,284,477,380	6,650,735,893	300,000,000	13,012,754,637	13,312,754,637	21,877,701,520

Other comprehensive income

The annexed notes from 1 to 13 form an integral part of these financial statements.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

ZAHIDJEE TEXTILE MILLS LIMITED SELECTED EXPLANATORY NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2026

GENERAL INFORMATION
1. Zahidjee Textile Mills Limited (the Company) is incorporated in Pakistan on July 17, 1990 as a public limited company under the repealed Companies Ordinance, 1984 (Repealed with the enactment of Companies Act 2017 on May 30, 2017). The registered office of the Company is situated at 131-A, Scotch Corner, Upper Mall Scheme, Lahore in the province of Punjab. The Company is listed on Pakistan Stock Exchange Limited. The principal business of the Company is export of all kinds of value added fabrics and textile made-ups. The Company is also engaged in the business of manufacturing and sale of yarn. The weaving unit is located at 32-KM, Tandlianwala Road, Satyana, District Faisalabad and spinning units are located at 32-KM, Sheikhpura Road, Faisalabad, M-3 Industrial Estate, Faisalabad in the province of Punjab.
2. Pursuant to scheme of arrangement approved by the Honorable Lahore High Court Lahore, assets, liabilities and reserves of Zahidjee Fabrics Limited have been merged with Zahidjee Textile Mills Limited with effect from July 01, 2006.
3. The financial statements are presented in Pak Rupee, which is the Company's functional and presentation currency.
MATERIAL ACCOUNTING POLICIES
1. Statement of compliance
  1. 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, directives and notifications issued under the Companies Act, 2017.
      Where the provisions of, directives and notifications issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of, directives and notifications issued under the Companies Act, 2017 have been followed.
  2. These condensed interim financial statements are un-audited but subject to limited scope review by the auditors of the Company and is being submitted to the shareholders as required under section 237 of the Companies Act, 2017.
  3. These condensed interim financial statements do not include all the information required for complete set of financial statements, and should be read in conjunction with the Company's published audited annual financial statements for the year ended June 30, 2025.
2. Application of new and revised International Financial Reporting Standards (IFRSs)
  Standards, interpretations and amendments to published approved accounting standards that are effective in current year:
  There are certain new standards, interpretations and amendments to approved accounting standards which are mandatory for the Company's accounting periods beginning on or after July 1, 2025 but are considered not to be relevant or have any significant effect on the Company's financial reporting.
  Standards, amendments to standards and interpretations becoming effective in future periods
  There are other new standards, amendments and IFRIC interpretations that are mandatory for accounting periods of the Company beginning on or after July 01, 2026 but are considered not to be relevant or not to have any significant effect on the Company's operations. The new standards, amendments and IFRIC interpretations that are relevant to the operations of the Company are disclosed in the published audited annual financial statements for the year ended June 30, 2025.
3. Basis of preparation
  These condensed interim financial statements have been prepared under the "historical cost convention" except certain property, plant and equipment carried at valuation and short term investment measured at fair value.
4. Accounting policies and methods of computation
  The accounting policies and methods of computation adopted in the preparation of these condensed interim financial statements are the same as those applied in the preparation of the published audited annual financial statements for the year ended June 30, 2025.
5. Estimates, judgments and risk management policies
  1. The preparation of financial statements in conformity with approved accounting standards, as applicable in Pakistan, requires the management to make judgments, estimates and assumptions that affect the application of accounting policies and reported amounts of assets, liabilities, income and expenses.
    The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
    Significant areas of estimation uncertainty and critical judgments in applying accounting policies that have the most significant effect on amounts recognized in these condensed interim financial statements are the same as those disclosed in the published audited annual financial statements for the year ended June 30, 2025.
  2. Risk management policies and procedures are consistent with those disclosed in the published audited annual financial statements for the year ended June 30, 2025.
    Un-Audited Audited
    March 31, June 30,
    2026 2025
    Note Rupees Rupees

PROPERTY, PLANT AND EQUIPMENT

Operating assets	3.1	18,052,937,160	19,050,634,124
Capital work in progress	3.2	108,360,070	107,541,890
Non operating lands Advance against purchase of land		16,203,950 -	16,203,950 -
Advances for capital expenditure		-	-
		18,177,501,180	19,174,379,964
3.1 Operating assets
Book value at beginning of period / year		19,050,634,124	10,649,159,934
Additions during the period / year	3.1.1	260,586,342	4,884,436,890
Revaluation surplus arisen during the year		-	4,988,696,347
Disposal during the period / year		(12,988,445)	(30,671,091)
Depreciation charge during the period / year		(1,245,294,861)	(1,440,987,956)
		18,052,937,160	19,050,634,124
3.1.1 Additions to operating assets, including

transfer from capital work in progress, during the period / year were as follow

	Freehold land		-
	Building on freehold land	-	1,204,674,910
	Plant and machinery	259,599,497	3,591,517,075
	Electric installations	96,800	85,301,588
	Factory equipment	749,200	26,400
	Office equipment	-	260,256
	Electric appliances	46,000	2,215,900
	Furniture and fittings Vehicles	-	440,761 -
		260,491,497	4,884,436,890
3.2	Capital work in progress
	Civil work	22,653,742	-
	Plant and machinery	85,746,132	107,541,890
		108,399,874	107,541,890

Short term investments
Investment in ordinary shares 4.1 269,413,861 225,474,638
1. Financial assets at fair value through profit or loss Quoted securities
  Habib Metropolitan Bank Limited
  Un-Audited Audited
  March 31, June 30,
  2026 2025
  Rupees Rupees
  2,022,854 (2025: 2,022,854) Ordinary shares of Rs.10/- each 200,101,598 138,909,384
  JS Bank Limited
  100,000 (2024: 100,000) Ordinary shares of Rs.10/- each - -
  Askari Bank Limited
  1,680,000 (2024: 0) Ordinary shares of Rs.10/- each - -
  Bank of Punjab
  1,029,375 (2024: 0) Ordinary shares of Rs.10/- each - -
  MCB Bank Limited
  88,000 (2025: 88,000) Ordinary shares of Rs.10/- each 25,373,040 19,977,760
  Bank Alfalah Limited
  100,000 Ordinary shares of Rs.10/- each 10,513,026 -235,987,664 158,887,144
  Adjustment in fair value 33,426,197 66,587,494
  269,413,861 225,474,638
2. The fair value of short term investment is based on prices quoted in active markets which is level 1 of fair value hierarchy.

Cash and bank balances

Un-Audited Audited

March 31, June 30,

2026 2025

Note Rupees Rupees

Cash in hand	56,852,401	11,483,032
Cash at banks
In current accounts	241,991,553	91,566,435
In PLS accounts	91,986,809	58,579,666

In Deposit accounts 5.1 4,361,261,654 3,909,061,339

4,752,092,417 4,070,690,472

It represents the investment in term deposit receipts carrying profit at the rates ranging from 7.11% to 12.10% per annum ( June 30, 2025 : 6.89% to 21.79% per annum ).

CONTINGENCIES AND COMMITMENTS

There is no significant change in contingent liabilities since the date of published audited annual financial statements for the year ended June 30, 2025 except the following:

	Un-Audited	Audited
	March 31,	June 30,
	2026	2025
	Rupees	Rupees
Contingencies
Bank guarantees issued in favour of : Sui Northern Gas Pipelines Limited for supply of gas.	248,627,000	248,627,000
Faisalabad Electric Supply Company Limited for supply of electricity.	72,748,000	72,748,000
Excise and taxation department against imposition of infrastructure cess	940,926,000	588,300,000
Letter of Credit forimport of cotton	1,842,262,076	-

Quarter ended March 31,

Nine Months ended March 31,

2026 2025 2026 2025

Rupees Rupees Rupees Rupees

Sales

Export Cloth / made ups	738,845,527	904,307,523	2,058,310,058	2,630,000,486
Local
Yarn	10,059,272,929	10,426,425,646	29,278,831,066	30,937,867,011
Cloth	-	32,823,685	44,203,503	54,040,835
Waste and left over	778,280,250	973,727,390	2,212,259,579	2,403,058,620
Conversion receipts	17,252,420	134,116,100	147,055,831	269,458,821
	10,854,805,599	11,567,092,820	31,682,349,979	33,664,425,287
Less : Sales tax	(1,583,934,045)	(1,753,047,622)	(4,806,481,170)	(5,135,251,315)
	10,009,717,081	10,718,352,721	28,934,178,867	31,159,174,458
Add: Export rebate / duty drawback	2,700,686	683,998	30,591,530	2,958,841
	10,012,417,767	10,719,036,719	28,964,770,397	31,162,133,299
Less: Commission and claims	67,568,934	(50,811,912)	212,888,988	220,255,760
	9,944,848,833	10,769,848,631	28,751,881,409	30,941,877,538

8. Cost of sales Cost of goods manufactured (Note 11.1)	9,300,528,998	10,099,493,613	26,991,584,575	29,404,053,279
Finished goods
Opening stock	802,691,652	1,105,182,859	622,311,350	772,168,056
Closing stock	(530,681,626)	(955,847,767)	(530,681,626)	(955,847,767)
	272,010,026	149,335,092	91,629,724	(183,679,711)
	9,572,539,024	10,248,828,705	27,083,214,299	29,220,373,568
8.1 Cost of goods manufactured
Raw material consumed (Note 11.1.1)	7,443,967,127	7,777,628,451	20,925,775,259	22,684,935,569
Packing material consumed	8,616,073	(113,466,285)	155,621,216	46,251,443
Salaries, wages and benefits	330,322,768	380,240,302	1,065,030,761	1,099,405,281
Retirement benefits	1,260,163	-	12,696,247	12,892,224
Stores and spares consumed	393,372,886	459,846,186	719,523,096	814,957,627
Fuel and power	892,737,581	1,191,009,550	2,881,941,138	3,684,110,162
Repairs and maintenance	33,590,965	(2,900,014)	73,498,035	41,144,496
Insurance	6,165,367	(4,516,075)	21,601,374	15,106,574
Depreciation	277,719,693	308,551,032	1,099,204,736	921,861,912
Other	1,686,063	2,663,566	9,757,521	9,563,585
9,389,438,687		9,999,056,713	26,964,649,383 29,330,228,874

Work in process Opening stock Closing stock

8.1.1 Raw material consumed

252,519,064	281,854,953	368,363,944	326,794,669
(341,428,752)	(181,418,053)	(341,428,752)	(181,418,053)

(88,909,688) 100,436,899 26,935,192 145,376,615

9,300,528,999 10,099,493,613 26,991,584,575 29,404,053,279

Quarter ended

March 31,

Quarter ended

March 31,

2026

2025

2026

2025

Rupees

Opening Stock	6,658,983,801	2,571,134,644	5,171,850,795	1,277,122,997
Purchases including purchase expenses	5,094,567,805	9,520,567,335	20,063,508,943	25,721,886,101
	11,753,551,606	12,091,701,979	25,235,359,738	26,999,009,098
Closing stock	(4,109,584,479)	(4,314,073,529)	(4,109,584,479)	(4,314,073,529)
	7,643,967,127	7,777,628,451	21,125,775,259	22,684,935,569

Quarter ended Nine Months ended

March 31, March 31,

2026 2025 2026 2025

Rupees Rupees Rupees Rupees

PROVISION FOR TAXATION

Current

for the period	46,262,348	106,877,828	74,820,288	147,030,486
for prior period	-	(29,000,000)	-	(90,661,374)
Deferred	(48,839,331)	(130,103)	(120,357,246)	8,161,462

(2,576,983) 77,747,725 (45,536,958) 64,530,574

AGGREGATE TRANSACTIONS WITH RELATED PARTIES

The Company in the normal course of business carries out transactions with various related parties which comprise of directors, associated undertakings and key management personnel. These transactions include remuneration to 38 (2024 : 33) executives amounting to Rs. 80,479,737/- ( 2024 : Rs. 74,712,000/- ). Other significant transactions with related parties are as follows:-

Name of the related party

Relationship

Nature of transaction

Un-Audited March 31,

2026

Rupees

Un-Audited March 31,

2025

Rupees

Aliza Zahid	Related Party	Short term loan obtained Short term loan Repaid	42,000,000 42,000,000	-
Ahmad Zahid	Director	Remuneration	2,549,997	1,700,000
		Remuneration	2,549,997	1,700,000
Muhammad Zahid	Chief Executive Officer	Short term loan obtained	-	94,925,000

Haji Sharif

Related Party

Short term loan repaid	145,825,000	169,400,000
Short term loan repaid	110,000,000	100,000,000

Short term loan obtained

110,000,000 -

Muhammad Qasim Related Party Short term loan repaid - 78,000,000

DATE OF AUTHORISATION FOR ISSUE
These condensed interim financial statements were authorised for issue on April 25, 2026 by the Board of Directors of the Company.
General
1. There is no unusual item included in these condensed interim financial statements which is effecting assets, liabilities, equity, profit or cash flows of the company.
2. Provisions for taxation, workers' profit participation fund and staff retirement gratuity made in these condensed interim financial statements are subject to adjustment in annual financial statements.
3. The figure of corresponding period have been rearranged wherever necessary to reflect more appropriate presentation in the financial statements.
Figures have been rounded off to nearest Rupees.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

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