New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -PK₨184m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨184m free cash flow). Earnings have declined by 44% per year over the past 5 years. Market cap is less than US$10m (PK₨274.8m market cap, or US$985.8k). Reported Earnings • May 05
Third quarter 2026 earnings released: PK₨3.54 loss per share (vs PK₨1.49 loss in 3Q 2025) Third quarter 2026 results: PK₨3.54 loss per share (further deteriorated from PK₨1.49 loss in 3Q 2025). Revenue: PK₨1.12b (down 4.0% from 3Q 2025). Net loss: PK₨34.2m (loss widened 138% from 3Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 22
AN Textile Mills Limited to Report Q3, 2026 Results on Apr 30, 2026 AN Textile Mills Limited announced that they will report Q3, 2026 results on Apr 30, 2026 Announcement • Feb 19
AN Textile Mills Limited to Report First Half, 2026 Results on Feb 27, 2026 AN Textile Mills Limited announced that they will report first half, 2026 results on Feb 27, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: PK₨2.46 loss per share (vs PK₨5.03 loss in 1Q 2025) First quarter 2026 results: PK₨2.46 loss per share (improved from PK₨5.03 loss in 1Q 2025). Revenue: PK₨1.28b (up 23% from 1Q 2025). Net loss: PK₨23.8m (loss narrowed 51% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 28
AN Textile Mills Limited to Report Q1, 2026 Results on Oct 30, 2025 AN Textile Mills Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Reported Earnings • Oct 01
Full year 2025 earnings released: PK₨10.66 loss per share (vs PK₨11.43 loss in FY 2024) Full year 2025 results: PK₨10.66 loss per share (improved from PK₨11.43 loss in FY 2024). Revenue: PK₨4.49b (up 30% from FY 2024). Net loss: PK₨103.0m (loss narrowed 6.7% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Announcement • Sep 30
AN Textile Mills Limited, Annual General Meeting, Oct 27, 2025 AN Textile Mills Limited, Annual General Meeting, Oct 27, 2025. Location: at registered office of the company 35-k.m., sheikhupura road, ., faisalabad Pakistan Reported Earnings • May 05
Third quarter 2025 earnings released: PK₨1.49 loss per share (vs PK₨1.83 profit in 3Q 2024) Third quarter 2025 results: PK₨1.49 loss per share (down from PK₨1.83 profit in 3Q 2024). Revenue: PK₨1.17b (up 16% from 3Q 2024). Net loss: PK₨14.4m (down 181% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 05
Second quarter 2025 earnings released: EPS: PK₨1.96 (vs PK₨13.44 loss in 2Q 2024) Second quarter 2025 results: EPS: PK₨1.96 (up from PK₨13.44 loss in 2Q 2024). Revenue: PK₨1.13b (up 57% from 2Q 2024). Net income: PK₨19.0m (up PK₨148.8m from 2Q 2024). Profit margin: 1.7% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 01
First quarter 2025 earnings released: PK₨6.68 loss per share (vs PK₨2.90 loss in 1Q 2024) First quarter 2025 results: PK₨6.68 loss per share (further deteriorated from PK₨2.90 loss in 1Q 2024). Revenue: PK₨1.04b (up 64% from 1Q 2024). Net loss: PK₨64.5m (loss widened 130% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 28
Full year 2024 earnings released: PK₨11.43 loss per share (vs PK₨20.26 loss in FY 2023) Full year 2024 results: PK₨11.43 loss per share (improved from PK₨20.26 loss in FY 2023). Revenue: PK₨3.46b (up 106% from FY 2023). Net loss: PK₨110.4m (loss narrowed 44% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Sep 28
AN Textile Mills Limited, Annual General Meeting, Oct 28, 2024 AN Textile Mills Limited, Annual General Meeting, Oct 28, 2024. Buy Or Sell Opportunity • Sep 16
Now 22% undervalued Over the last 90 days, the stock has risen 11% to PK₨11.29. The fair value is estimated to be PK₨14.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 05
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at PK₨11.14. The fair value is estimated to be PK₨14.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 13
AN Textile Mills Limited Announces Company Secretary Changes AN Textile Mills Limited has announced a change in its executive team. Mr. Muzammal Jamil has been appointed as the new Company Secretary effective July 9, 2024, following the resignation of Mr. Tahir Shahzad. The appointment marks a significant step in Mr. Jamil's career, who has previously held various key positions in the company, demonstrating a robust track record in corporate administration. Buy Or Sell Opportunity • Jul 02
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at PK₨9.76. The fair value is estimated to be PK₨12.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Board Change • May 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨1.83 (vs PK₨6.38 loss in 3Q 2023) Third quarter 2024 results: EPS: PK₨1.83 (up from PK₨6.38 loss in 3Q 2023). Revenue: PK₨1.01b (up 95% from 3Q 2023). Net income: PK₨17.7m (up PK₨79.3m from 3Q 2023). Profit margin: 1.8% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Board Change • Apr 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 11
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Sep 03
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Shares are highly illiquid. High level of non-cash earnings (27% accrual ratio). Market cap is less than US$10m (PK₨81.1m market cap, or US$265.7k). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Profit margins are more than 30% lower than last year (1.1% net profit margin). Board Change • Sep 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jul 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 25
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 03
Full year 2022 earnings released: EPS: PK₨9.99 (vs PK₨12.37 in FY 2021) Full year 2022 results: EPS: PK₨9.99 (down from PK₨12.37 in FY 2021). Revenue: PK₨2.81b (up 34% from FY 2021). Net income: PK₨96.5m (down 19% from FY 2021). Profit margin: 3.4% (down from 5.7% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Sep 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Aug 12
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 09
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Mar 10
Now 25% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be PK₨16.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. The company has become profitable over the last year. Reported Earnings • Nov 02
First quarter 2022 earnings released: EPS PK₨3.45 (vs PK₨0.37 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨643.5m (up 48% from 1Q 2021). Net income: PK₨33.3m (up PK₨29.8m from 1Q 2021). Profit margin: 5.2% (up from 0.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Board Change • Oct 28
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Director Syed Ali was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 08
Upcoming dividend of PK₨0.70 per share Eligible shareholders must have bought the stock before 15 October 2021. Payment date: 17 November 2021. Trailing yield: 5.7%. Lower than top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (3.6%). Reported Earnings • Oct 06
Full year 2021 earnings released: EPS PK₨12.37 (vs PK₨8.32 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨2.10b (up 59% from FY 2020). Net income: PK₨119.5m (up PK₨199.8m from FY 2020). Profit margin: 5.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 04
Second quarter 2021 earnings released: EPS PK₨0.57 (vs PK₨4.15 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨506.4m (up 11% from 2Q 2020). Net income: PK₨5.52m (up PK₨45.6m from 2Q 2020). Profit margin: 1.1% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
First quarter 2021 earnings released: EPS PK₨0.37 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨433.9m (up 41% from 1Q 2020). Net income: PK₨3.55m (up 196% from 1Q 2020). Profit margin: 0.8% (up from 0.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 13
Full year earnings released - PK₨8.32 loss per share Over the last 12 months the company has reported total losses of PK₨80.3m, with earnings decreasing by PK₨99.4m from the prior year. Total revenue was PK₨1.32b over the last 12 months, down 30% from the prior year. Announcement • Oct 10
An Textile Mills Limited Does Not Recommend Dividend for the Year Ended June 30, 2020 An Textile Mills Limited announced that since the company has incurred loss after taxation, therefore, the directors have not recommended any dividend for the year ended June 30, 2020. Reported Earnings • Oct 08
Full year earnings released - PK₨8.32 loss per share Over the last 12 months the company has reported total losses of PK₨80.3m, with earnings decreasing by PK₨99.4m from the prior year. Total revenue was PK₨1.32b over the last 12 months, down 30% from the prior year. 