Janana De Malucho Textile Mills Limited

Important PSX Risk Warning Alert

The Pakistan Stock Exchange company page displays the following warning:

The Company is in continuous violation as specified in Clauses 5.11.1. or 5.11.2. and carry risk of suspension of trading or being delisted from the Exchange and may be subject to such terms and conditions as specified by the Exchange.

This warning is a material consideration for investors. Review the latest PSX notices to understand the nature and current status of the violations. Shariah-compliant classification does not remove the separate risks associated with a company's listing status, trading eligibility, financial condition, or liquidity.

Source: Official PSX company page — JDMT.

Company Overview

Janana De Malucho Textile Mills Limited (PSX: JDMT) was incorporated on October 6, 1960, as a public limited company. The company established its textile mill at Kohat, and commercial production began in 1963.

The company is principally engaged in the manufacture and sale of yarn. Its official website describes production of fine-count cotton yarn, including 80s and 100s combed or carded yarn, as well as other combed yarn varieties for textile applications.

The registered office and mill are located at Habibabad, Kohat, Khyber Pakhtunkhwa, Pakistan. The company’s financial year ends on June 30.

Sources: Official company website and PSX company profile.

Products and Business Model

JDMT operates in the textile-spinning segment, converting cotton fibre into yarn for downstream textile manufacturing. Product quality, fibre selection, production efficiency, machinery utilisation, and customer demand can all influence its operating performance.

The textile-spinning industry is exposed to changes in cotton prices, energy and labour costs, financing expenses, exchange rates, and domestic or international demand. When selling prices do not keep pace with input costs, margins may come under pressure.

Investors should assess the company's operating capacity, sales volumes, customer base, working-capital cycle, and ability to generate cash from operations rather than relying on revenue or production capacity alone.

Financial Performance

PSX financial data for the year ended June 30, 2025, reported the following figures:

• Sales: approximately Rs1.524 billion
• Loss after taxation: approximately Rs754.80 million
• Earnings per share (EPS): negative Rs109.14

For FY2024, PSX reported sales of approximately Rs5.885 billion, a loss after taxation of Rs467.58 million, and EPS of negative Rs67.61.

The PSX financial-announcement record for FY2026 reports a loss after taxation of approximately Rs282.27 million, compared with approximately Rs344.26 million in the corresponding FY2025 reporting field. Although the reported loss narrowed, the company remained loss-making.

Investors should consult the complete audited FY2026 report before drawing conclusions about sales, gross margins, operating expenses, finance costs, borrowings, or cash flow. The detailed FY2026 revenue figures have not been reproduced here because they could not be independently confirmed from the accessible results.

Sources: PSX financials and announcements and official company investor relations.

Shariah Compliance Status

Janana De Malucho Textile Mills Limited was classified as Compliant in the official PSX-KMI All Share Index recomposition dated May 29, 2026, based on accounts as of December 31, 2025.

The published screening ratios were:

• Debt ratio: 19.19%
• Non-compliant investment ratio: 0.00%
• Non-compliant income ratio: 0.11%
• Illiquid assets ratio: 97.40%

These ratios relate to the specified screening date and methodology. The illiquid-assets ratio is a screening measure, not a measure of trading liquidity in JDMT shares. Investors should verify the latest official PSX-KMI screening before relying on the company's current Shariah status.

Source: Official PSX-KMI All Share Index recomposition notice.

Key Risks to Consider

PSX listing and trading risk: The exchange displays a Risk Warning Alert concerning continuous violations and possible suspension or delisting. Investors should investigate this notice before considering the stock.

Recurring losses: The company reported losses in FY2024, FY2025, and FY2026. The reasons for these losses and the prospects for a sustainable return to profitability require review of its audited accounts.

Raw-material and energy costs: Cotton prices, energy tariffs, labour costs, and production efficiency can significantly affect spinning margins.

Working-capital and financing risk: Inventory requirements, receivables, borrowings, and financing costs can put pressure on cash flows.

Trading and liquidity risk: Investors should examine actual trading volumes, free float, bid-ask spreads, and the latest exchange status rather than assuming shares can always be sold readily.

Shariah screening changes: Compliance may change after future financial disclosures and screening reviews.

How Investors Can Research JDMT

Before evaluating JDMT, review its latest audited annual report, quarterly financial statements, PSX announcements, cash-flow statement, debt position, and the status of the Risk Warning Alert. Compare several years of sales, margins, and losses to understand the company's financial trajectory.

A narrowing loss alone does not establish a sustainable recovery. Investors should look for evidence of improving operating margins, stronger cash generation, manageable financing costs, and resolution of material exchange-related issues.

Official Resources

• PSX company profile, financials, and announcements
• Janana De Malucho Textile Mills official website
• Company investor relations and annual accounts
• Official PSX-KMI screening notice
• PSX Shariah-compliant investment resources

This profile is intended for company research and investor education. Historical results and Shariah screening status do not guarantee future performance or continued compliance.