GATM slips to Rs339m loss in FY26

Gul Ahmed Textile Mills (GATM) swung to a consolidated net loss of Rs338.55m for the year to June 30, 2026, according to Mettis Global. The result reverses a net profit of Rs4.45bn booked in the previous year. Loss per share stood at Rs0.45, against earnings of Rs6.01 per share in FY25.

Net revenue fell 6 per cent to Rs162.01bn, while gross margins contracted 26 per cent. Gross profit came in at Rs23.83bn compared with Rs32bn, even though cost of sales eased 2 per cent to Rs138.17bn. Operating profit fell 62 per cent to Rs5.24bn, with other income rising 119 per cent to Rs2.26bn partly offsetting higher overheads.

Finance costs fell 24 per cent to Rs5.61bn and levies dropped 15 per cent to Rs1.34bn. A tax credit of Rs67.55m replaced a Rs409.09m tax expense, while profit from continuing operations narrowed to Rs611.83m from Rs5.62bn. A Rs950.37m loss from discontinued operations, however, pushed the group into a net loss for the year.