Service Industries Textiles loss widens 53% to Rs111m in FY26

Service Industries Textiles Limited, listed on the PSX as SERT, reported a larger loss for the year to June 30, 2026 (FY26), according to Mettis Global. Its net loss rose 52.75% to Rs111.36m from Rs72.90m a year earlier, and loss per share climbed to Rs8.08 from Rs5.29.

Revenue slipped 6.88% to Rs1.28bn, while cost of sales fell by a smaller 3.92%, turning last year's Rs5.59m gross profit into a Rs35.23m gross loss. Higher administrative expenses pushed the operating loss up 90.57% to Rs93.90m, while finance costs rose 31.53% to Rs13.92m.

Other income jumped to Rs13.35m from Rs0.10m but could not cover the operating shortfall. A taxation credit of only Rs0.42m, against Rs5.40m a year earlier, added little relief, leaving the company with a net loss of Rs111.36m.