Interim Financial Statements for the Quarter ended 31st March 2025

315,063

264,873 19%

1,196,433

1,105,785 8%

(332,657)

(264,631) ( 26%)

(1,146,293)

(1,036,921) ( 11%)

(17,594)

242

( 7,370%)

50,140

68,864 ( 27%)

13,395

4,484

199%

15,704

10,054 56%

(113,604)

(68,518)

( 66%)

(242,850)

(181,458) ( 34%)

(5,566)

(8,844)

37%

(24,204)

(23,016) ( 5%)

(29,157)

(8,249)

( 253%)

(29,157)

(5,305) ( 450%)

(152,526)

(80,885) ( 89%)

(230,367)

(130,861) ( 76%)

371

2,016 ( 82%)

1,912

4,115 ( 54%)

(69,304)

(63,815) ( 9%)

(206,849)

(251,406) 18%

(68,933)

(61,799)

( 12%)

(204,937)

(247,291)

17%

(221,459)

(142,684)

( 55%)

(435,304)

(378,152)

( 15%)

29,381

(232,464)

113%

29,381

(232,464)

113%

(192,078)

(375,148)

49%

(405,923)

(610,616)

34%

34,785

133,994 ( 74%)

34,785

133,994

( 74%)

3,452

(226) ( 1,627%)

3,452

(226)

( 1,627%)

(11,507)

754 ( 1,626%)

(11,507)

754

( 1,626%)

(10,436)

(40,198) 74%

(10,436)

(40,198)

74%

16,294

94,324 ( 83%)

16,294

94,324 ( 83%)

(175,784)

(280,824)

37%

(389,629)

(516,292)

25%

(192,078)

(375,148) 49%

(405,923)

(610,616) 34%

-

-

-

-

(192,078)

(375,148) 49%

(405,923)

(610,616) 34%

(175,784)

(280,824)

37%

(389,629)

(516,292) 25%

-

-

-

-

- -

(175,784)

(280,824)

37%

(389,629)

(516,292) 25%

Rs.

(2.02)

Rs.

(3.95)

49%

Rs. (4.27)

Rs. (6.43)

34%

Highest

Rs.

5.00

Rs.

6.00

Lowest

Rs.

3.90

Rs.

5.30

Last Traded Price

Rs.

3.90

Rs.

5.50

Figures in brackets indicate deductions.

All values are in Rupees '000, unless otherwise stated.

192,874

(212,194)

205,795

(184,541)

( 6%)

( 15%)

(19,320)

21,254

( 191%)

9,898

8,174

21%

(74,181)

(57,457)

( 29%)

(5,148)

(6,243)

18%

(5,947)

(43,755)

86%

(94,698)

(78,027)

( 21%)

79

630

( 87%)

(36,113)

(44,904)

20%

(36,034)

(44,274)

19%

(130,732)

(122,301)

( 7%)

19,825

(165,858)

112%

(110,907)

(288,159)

62%

-

-

-

34,785

88,467

( 61%)

2,757

(555)

( 597%)

(9,191)

1,849

( 597%)

(10,436)

(26,540)

61%

17,915

63,221

( 72%)

(92,992)

(224,938)

59%

(110,907)

(288,159)

62%

-

-

-

(110,907)

(288,159)

62%

(92,992)

(224,938)

59%

-

-

-

(92,992)

(224,938)

59%

Rs. (1.17)

Rs.

(0.15)

( 678%)

868,468

(849,028)

888,296

(831,547)

( 2%)

( 2%)

19,440

56,749

( 66%)

25,706

24,676

4%

(193,568)

(140,132)

( 38%)

(23,228)

(19,571)

( 19%)

(5,947)

(39,467)

85%

(177,597)

(117,745)

( 51%)

1,620

1,513

7%

(135,744)

(175,945)

23%

(134,124)

(174,432)

23%

(311,721)

(292,177)

7%

19,825

(165,858)

112%

(291,896)

(458,035)

36%

-

-

-

34,785

88,467

( 61%)

2,757

(555)

( 597%)

(9,191)

1,849

( 597%)

(10,436)

(26,540)

61%

17,915

63,221

( 72%)

(273,981)

(394,814)

31%

(291,896)

(458,035)

36%

-

-

-

(291,896)

(458,035)

36%

(273,981)

(394,814)

31%

-

-

-

(273,981)

(394,814)

31%

Rs. (3.07)

Rs. (4.82)

36%

Total Non-Current Assets

Current Assets

Inventories

Trade and Other Receivables Amount Due from Related Parties Cash and Cash Equivalents

Total Current Assets

Total Assets

EQUITY & LIABILITIES

Equity

Stated Capital Revaluation Reserve Accumulated Losses

Total Equity

Non-Current Liabilities Interest Bearing Borrowings Lease Creditors

Deferred Tax Liability

Defined Benefit Obligation

Total Non Current Liabilities

Current Liabilities

Interest Bearing Borrowings Lease Creditors

Trade and Other Payables Amounts Due to Related Parties

Bank Overdraft

Total Current Liabilities

Total Liabilities

Total Equity and Liabilities

1,084,711

1,048,116

748,357

733,019

7,749

7,749

3,232

6,068

-

25

25

25

25

1,095,717

1,054,209

756,131

733,044

303,885

418,786

132,327

281,512

417,739

435,088

171,013

161,946

31,394

16,761

564,248

536,736

14,292

37,616

12,904

21,733

767,310

908,251

880,492

1,001,927

1,863,027

1,962,460

1,636,623

1,734,971

835,085

835,085

835,085

835,085

656,090

631,921

520,712

496,363

(2,009,649)

(1,595,851)

(1,391,625)

(1,093,295)

(518,474)

(128,845)

(35,828)

238,153

262,385

112,590

97,358

71,963

2,235

3,642

-

245,049

267,447

180,806

192,953

26,593

12,765

17,782

6,884

536,262

396,444

295,946

271,800

1,397,309

1,417,893

1,138,788

1,068,175

2,055

5,210

0

-

362,097

240,528

166,090

132,967

46,646

17,402

34,495

10,048

37,132

13,828

37,132

13,828

1,845,239

1,694,861

1,376,505

1,225,018

2,381,501

2,091,305

1,672,451

1,496,818

1,863,027

1,962,460

1,636,623

1,734,971

………………………………

………………………………

27th May 2025

A. Hettiarachchy

H.K.P. Jayasuriya

Colombo

Executive Chairman

Director / CEO

ACME Printing and Packaging PLC

Statement of Changes in Equity

Group

Stated

Revaluation

Accumulated

Total

Capital

Reserve

Losses

Rs'000

Rs'000

Rs'000

Rs'000

Balance as at 1st April 2023

835,085

538,125

(985,763)

387,447

Loss for the Year

- -

(610,616)

(610,616)

Other Comprehensive Income/(Expense) for the Year

- 93,796

528

94,324

Total Comprehensive Income/(Expense) for the Year

-

93,796

(610,088)

(516,292)

Balance As at 31st March 2024

835,085

631,921

(1,595,851)

(128,845)

Balance as at 1st April 2024

835,085

631,921

(1,595,851)

(128,845)

(180)

180

-

Loss for the Year

-

-

(405,923)

(405,923)

Other Comprehensive Income/(Expense) for the Year

-

24,349

(8,055)

16,294

Total Comprehensive Income/(Expense) for the Year

-

24,349

(413,978)

(389,629)

Balance As at 31st March 2025

835,085

656,090

(2,009,649)

(518,474)

Company

Stated

Revaluation

Accumulated

Total

Capital

Reserve

Losses

Rs'000

Rs'000

Rs'000

Rs'000

Balance as at 1st April 2023

835,085

434,436

(636,554)

632,967

Loss for the Year

- -

(458,035)

(458,035)

Other Comprehensive Income/(Expense) for the Year

- 61,927

1,294

63,221

Total Comprehensive Income/(Expense) for the Year

- 61,927

(456,741)

(394,814)

Balance as at 31st March 2024

835,085

496,363

(1,093,295)

238,153

Balance as at 1st April 2024

835,085

496,363

(1,093,295)

238,153

Loss for the Year

-

-

(291,896)

(291,896)

Other Comprehensive Income/(Expense) for the Year

-

24,349

(6,433)

17,916

Total Comprehensive Income/(Expense) for the Year

-

24,349

(298,330)

(273,981)

Balance as at 31st March 2025

835,085

520,712

(1,391,625)

(35,828)

Figures in brackets indicate deductions.

All values are in Rupees '000, unless otherwise stated.

The above figures are subject to audit

ACME PRINTING & PACKAGING PLC

STATEMENT OF CASH FLOWS

Group Company

2025

2024 2025 2024

Rs.'000

Rs.'000 Rs.'000 Rs.'000

Unaudited

Audited Unaudited Audited

(Loss) / Profit before taxation

(435,304)

Adjustment for :

Depreciation on Property, Plant & Equipment

67,320

Amortization of Right to Use Assets

3,053

Provision for Defined Benefit Obligations net of interest on plan assets

5,097

Provision / (Reversal of Provision) for Slow Moving Inventories

13,514

Provision for Trade Receivables

(10,837)

Write off of debtors

-

Provision for Other Receivables

(2,061)

Provision for Impairment of Amounts Due from Related Parties

Impairment of Investment in Subsidiary

-

Disposal Gain/ (Loss)

(420)

Interest Income

(353)

Interest Expense

200,200

Gain / (Loss) on translation of Foreign Currency

(195)

Operating Profit before working capital changes

(159,985)

Decrease / (Increase) in Inventories

101,387

Decrease / (Increase) in Trade & other Receivables

28,739

(Increase) in Amount Due from Related Parties

(22,166)

Increase in Amount Due to Related Parties

114,854

Increase in Trade & Other Payables

45,573

Cash generated from Operations

108,402

Interest Paid

(120,012)

Employee Benefits paid

(2,778)

Proceed form Disposal of Fixed Assets

828

Net Cash Flow generated from / (used in) Operating activities

(13,560)

Cash Flows from Investing activities

Purchase of Property, Plant & Equipment

(78,464)

Interest Received

353

Proceed form Disposal of Scrap sale

1,178

Net Cash Flow (used in) / From Investing activities

(76,933)

Cash flows from Financing activities

Repayment of Long Term Borrowing

(47,409)

Long Term Loan Borrowings Obtained

54,930

Repayment of Lease

(5,646)

Proceeds Short Term Borrowings

734,439

Borrowings obtained from related companies

20,000

Repayment of Short Term Borrowings

(702,448)

Payment of borrowings obtained from related companies

(10,000)

Net Cash Flow (Used in) / From Financing activities

43,865

Net Increase in Cash & Cash Equivalents

(46,628)

Cash & cash equivalents at the beginning of the period

23,788

Cash & cash equivalents at the end of the period

(22,840)

34,235

-

3,597

26,235

9,061

-

2,532

1,804

(1,135)

-

14,010

40,602

14,996

-

Figures in brackets indicate deductions.

All values are in Rupees '000, unless otherwise stated.

The above figures are subject to audit

ACME PRINTING & PACKAGING PLC

NOTES TO THE FINANCIAL STATEMENTS

1. STATED CAPITAL

The stated capital consists of 95,000,000 shares issued as at 31st March 2025

2. BASIS OF PREPARATION

2.1. The condensed interim financial statements of Acme Printing & Packaging PLC are for the period ended 31st December 2024. They have been prepared in accordance with LKAS 34, interim financial reporting. These interim financial statements have been prepared in accordance with the SLFRS standards and IFRIC interpretations issued and effective as at the time of preparing these statements. The condensed interim financial statements do not include all of the information required for full Annual financial statements and have not been audited.

2.2. The same accounting policies and methods of computation have been followed in the interim financial statements as compared to the recent Annual financial statement published for the Year ended 31stMarch 2024.

3. COMPARATIVE INFORMATION

Comparative information has been restated / reclassified where necessary in line with the changes to the new Sri Lanka Accounting Standards (SLFRS / LKAS) which are effective from 1stJanuary 2012.

4. EARNING PER SHARE (EPS)

Basic Earnings Per Share is calculated by dividing the net profit/(loss) for the period attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding during the period.

Group

Company

For the Period ended 31st March

2025

2024

2025

2024

Rs'000

Rs'000

Rs'000

Rs'000

Loss for the period

(405,923)

(610,616)

(291,896)

(458,035)

Weighted Average no. of shares ('000)

95,000

95,000

95,000

95,000

Loss Per Share

Rs. (4.27)

Rs. (6.43)

Rs. (3.07)

Rs. (4.82)

5. CONTINGENT LIABILITIES

There is no change in the nature of contingent liabilities as at 31st March 2025 as compared to the contingent liabilities which were disclosed in

the accounts for the year ended 31stMarch 2024.

6. EVENTS AFTER THE STATEMENT OF FINANCIAL POSITION DATE

There have been no material events occurring after the Statement of Financial Position date that require adjustments to or disclosure in the Interim Financial Statements.

On 27th September 2024, the Board of Directors of ACME Printing & Packaging PLC (ACME) resolved to issue 190,000,000 shares in the proportion of 02 new ordinary shares for every 01 existing ordinary share by way of a Rights Issue at a price per share of Rs 2.50. The proceeds of the Rights issue are to be utilized for working capital requirements of the company and to settle intercompany liabilities. The Rights issue is subject to the approval of Colombo Stock Exchange and obtaining shareholder approval at a Extra Ordinary General Meeting (EGM)

7. The labour union instituted an action against the company on behalf of their members regarding wage structure and increment. The district

court has given a judgement against the company. Company has appealed against the verdict.

No

Name of the Director

No of

shares

1

MR. A. RAJARATNAM

Nil Nil Nil Nil

800,000

Nil Nil Nil

2

MR. P.S. GOONEWARDENE

3

MR. A. HETTIARACHCHI

4

MR. S.D.R. ARUDPRAGASAM

5

HATTON NATIONAL BANK PLC/SRI DHAMAN RAJENDRAM ARUDPRAGASAM

6

MR. H.K.P. JAYASURIYA

7

MR. K.G. PUNCIHEWA

8

MR. A.I. PIYADIGAMA

800,000

ACME PRINTING & PACKAGING PLC

TWENTY (20) MAJOR SHAREHOLDERS AS AT 31ST MARCH 2025

No

Name

Number of

Shares

Percentage

%

1

AMANA BANK PLC/E.B. CREASY & COMPANY PLC

26,800,000

28.21

2

LANKEM CEYLON PLC

23,846,993

25.10

3

E.B. CREASY & COMPANY PLC

21,753,804

22.90

4

CLOVIS COMPANY LIMITED

2,364,295

2.49

5

MR. S. PARAMANATHAN

1,222,099

1.29

6

MRS. S. VASUDEVAN

984,751

1.04

7

HATTON NATIONAL BANK PLC/SRI DHAMAN RAJENDRAM ARUDPRAGASAM

800,000

0.84

8

MR. C.N. PAKIANATHAN

681,535

0.72

9

SAMPATH BANK PLC/ANDARADENIYA ESTATE PRIVATE LIMITED

606,745

0.64

10

MR. U.G.J. CHAMINDA

602,653

0.63

11

DR. H.S.D. SOYSA

598,150

0.63

12

UNION COMMODITIES (PVT) LTD.

584,754

0.62

13

MR. M.H.A. KAMIL

494,416

0.52

14

MR. L.A. MALLAWARACHCHI

425,000

0.45

15

MR. P.D. JAYASINGHE

400,000

0.42

16

MS. J. THARSHANA

300,000

0.32

17

MR. A.K. WIMALARATNA

289,088

0.30

18

ACUITY PARTNERS (PVT) LIMITED/MR. SUBRAMANIAM VASUDEVAN

270,000

0.28

19

DR. S.P. JAYAWARDENA

259,804

0.27

20

COMMERCIAL BANK OF CEYLON PLC/S.A.GULAMHUSEIN

219,226

0.23

NOTES

Public Holding

22.24%

Number of Shareholders represented by public holding

2,091

Float adjustment market capitalization as at 31st March 2025 was Rs. 82,399,200/-

The Company complies with the Listing Rules 7.13.1 (a) under option 5 (Less than Rs.2.5 Bn Float Adjusted Market Capitalization which requires 20% minimum Public Holding & minimum 500 public shareholders).