Karachi: Gul Ahmed Textile Mills Limited (GATM) conducted a corporate briefing to outline its strategic direction and financial outlook. The company shared an anticipated export revenue of $385 million for fiscal year 2025, reflecting a 7% increase year over year, and revealed a 10% growth in consolidated revenue for the first nine months of FY25, despite a slight drop in gross margins due to rising salary expenses and energy costs.

The management emphasized opportunities for value addition within its product lines to address the increasing global demand and changing import patterns from Western buyers. Efforts are underway to make the company fully independent of external fuel, power, and water sources, with heavy fuel oil (HFO) currently comprising 60% of its fuel mix.

A significant renewable energy initiative is in progress, including a 17.3-megawatt rooftop solar panel installation set for completion by July 2025. Further projects in solar, wind, battery storage, and biomass aim to transition the company to 100% renewable energy reliance by 2027.

GATM is optimistic about potential government revisions to levies on HFO, which could impact its financial strategy, given its substantial HFO inventory investment. The company anticipates a significant reduction in leverage after the first quarter of FY26.

Regarding US reciprocal tariffs, GATM management expressed hope for a favorable outcome from ongoing Pakistan-US negotiations, with clarity expected post the pause-period ending on July 9, 2025.