30t^September, 2025
Ref: AGHA/FS June 2025/PSX
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange road, Karachi
SUBJECT: FINANCIAL RESULTSFOR THE YEAR ENDED JUNE 30, 2025.
Dear Sir,
FORM 3
We have to inform you that the Board of Directors of the Company in their meeting held on Tuesday, 30'^ September 2025 at 11:30 a.m. at Emerald Tower, Suite No: 801 & 804, 08*^ Floor, Karachi have recommended the following:
(i)
(ii)
(iii)
(iv)
(v)
CASH DIVIDEND BONUS SHARES RIGHT SHARES
ANY OTHER ENTITLEMENT/ CORPORATE ACTION ANY OTHER PRICE SENSITIVE INFORMATION
NIL NIL NIL NIL NIL
The Financial Results of the Company for the year ended June 30, 2025 are attached herewith as "ANNEXURE-A"
The Annual General Meeting of the Company will be held on Friday, October 24, 2025 at 10:00 am at Plot No NWIZ/1/P-133, (SP-6) D-2, Port Qasim, Karachi as well as through Video Conference facility.
The share transfer books of the Company will remain closed from October 17, 2025 to October 24,Z025 (both days inclusive). Transfers received at the office of Share Registrar (M/s. CDC Share Registrar Services Limited) CDC House, Shahrah-e-faisal, Karachi by the close of business on 16 October, 2025, will be considered in time for the purpose of above entitlement to the transferees.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting and shall be made available on the Company's website: https://www.aghasteeI.com.
Thanking You
For and on eha f of AGHA STEEL INDUSTRIES LIMITED
,. .
Muhamm d Mu n Company retary
CC: The Director/HO
Surveillance, supervision & Enforcement department Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue area, Islamabad
ASSETS
Non-Current Assets
AGHA STEEL INDUSTRIES LIMITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
2025 2024
- - - - Rupees in '000'- - - -
Property, plant and equipment | 45,255,437 | 45,575,831 |
Intangible asset | 29,830 | 36,110 |
Long term deposits and receivable | 21,919 | 387,360 |
45,307,186 | 45,999,301 |
Current Assets
Stores, spare parts and loose tools Stock-in-trade
Trade and other receivables Loans and advances Deposits
Tax refunds due from Government , Cash and bank balances
Total Assets
EOUITY AND LIABILITIES
Share Capital And Reserves Authorized capital
Share Capital
Issued, subscribed and paid up capital
Capital Reserve Share premium
Accumulated (loss) / profit | (3,229,278) | 3,306,407 |
Total Shareholders' Equity Non-Current Liabilities | 20,926,822 | 28,138,240 |
Long term borrowings | ||
Advance against preference shares | 750,000 | 750,000 |
Loans from directors | 415,020 | |
Lease liabilities | 31,202 | 72,668 |
Deferred tax liability | 2,915,144 | 4,010,148 |
4,111,366 | 4,832,816 |
Surplus on revaluation of fixed assets - net Revenue Reserve
2,079,185 | 2,869,749 |
2,936,853 | 3,545,206 |
2,886,634 | 4,024,456 |
1,970,377 | 2,752,355 |
17,524 | 33,063 |
461,431 | 524,053 |
48,462 | 239,134 |
10,400,466 13,988,016 55,707,652 59,987,317
10,250,000 _ 10,250,000
6,048,791 6,048,791
2,126,687 | 2,126,687 |
15,980,622 | 16,656,355 |
18,107,309 18,783,042
Current Liabilities
Trade and other payables Accrued markup - on demand
Short term borrowings - on demand Long term borrowings - on demand Current portion of lease liabilities
Contingencies and Commitments
Total Equity And Liabilities
264,796 | 645,548 |
7,073,336 | 3,193,826 |
15,378,483 | 15,226,851 |
7,940,282 | 7,922,670 |
12,567 | 27,366 |
30,669,464 27,016,261
KARACHI
55,707,652 59,987,317
Chief£xecuiive Chi.ef Financial Officer Director
AGLIA STEEL INDUSTRIES LIMITED
STATEMENT or enOFIT on moss o oTHER COMPREHENSIVE INCOME
F,OR THE YEAR ENDED JUNE 30, 2025
(528,724) | (329,110) |
(351,034) | (280,063) |
(4,196,677) | (4,582,384) |
2025 2024
Turnover - net | 10,674,618 | 13,691,815 | |
Cost of sales | (12,652,104) | (14,320,123) | |
(1,977,486) | (628,308) | ||
Administrative expenses | |||
Selling and distribution costs | |||
Finance costs | |||
(5,076,435) | (5,191,557) | ||
Operating loss | (7,053,921) | (5,819,865) | |
Other expenses | (1,055,594) | (2,428,857) | |
Other income | 247,960 | 655,043 | |
Loss before levy and taxation | (7,861,555) | (7,593,679) | |
Levy | (137,465) | (201,232) | |
Loss before taxation | (7,999,020) | (7,794,911) | |
Taxation - net | 787,602 | 2,706,346 | |
Loss after taxation | (7,211,418) | (5,088,565) | |
Other comprehensive income for the year |
Items that will not be reclassified subsequently
to profit or loss
Surplus on revaluation of fixed assets Deferred tax
Total comprehensive (loss) / income for the year
Loss per share - basic and diluted
ChiefExecutive ChiefFinancial Officer
22675 3gg)
-
- 16,656 354
(7,211,418) 11,567,789
2025 2024- - - - Rupees in '000'- - - -
92J 41
Director
AGHA STffEL INDUSTRIE.S LIMITED
srArEMENr ow caANG2fSINPQPTTY
FOR THE YEAR ENDED JUNE 30, 2025
Reserves Issues
Particulars
subscribed
ondpoid up Score
capital Premium
•••Surplus on revaluation o.f feed essets
** Accum mated
floss) 7profit
Totol reserves
shareholders'
Balance as at June 30, 2023
Total comprehensive income for the year Loss after taxation
Other comprehensive income - net
6,048,791 2,126,687
8,394,972 10,521,659 16,570,450
(5,088,565) | (5,088,565) | .(5,088,565) | |||
''16,656,355 | 16,656,355 | 16,656,355 |
16,656,355 (5,088,565) 11,567,790 11,567,790
Balance as at June 30, 2024
Total comprehensive loss for the year
Loss after taxation
Other comprehensive income
Transferred from surplus on revaluation of fixed assets on account of incremental depreciation - net of deferred tax
6,048,791 2,126,687 16,656,355(7,211,418) | (7,211,418) | (7,211,418) |
3,306,407 22,089,449 28,138,240
(7,211,418) (7,211,418) (7,211,418)
675,733 -
Balance as at June 30, 2025 6,048,791 2,126,687 15,980,622 .(3,229,278) 14,878,031 2,0,926,g22
* Share premium is held for utilization for purposes as stated in Section 81 of the Companies Act, 2017.
•• Accumulated profit can be utilized for meeting contingencies and distriblition of profits by way of dividends.
•** Surplus on revaluation of fixed assets is a capital reserve, and is not available for distribution to the share holders in accordance with section 241 of the Companies Act, 2017.
Chief Financial Officer
AGHA STEEL INDUSTRIES LIMITED STATEMENT OF CASHFLOWS
FOR THE YE.AR ENDS.D JUNE 30,•2025
CASE FLOWS FROM OPERA TING ACTIVITIES
1,424,534
429,292
6,280
6,280
1,055,594
796,055
959,001
4,187,466
4,566,244
9,211
16,140
(17,015)
(2,802)
Loss before levy and taxation Adjustments for:
Depreciation Amortization
Impairment loss on trade receivables - net Provision for write-down to NRV Finance cost
Finance lease markup
Gain on disposal of fixed assets - net
2025 2024
- - - - Rupees in '000'- - - -
(7,861,555) (7,593,679)
Cash used in operations before working capital changes
Changes in working capital
Decrease / (Increase) in current assets(1,195,485)
(823,469)
Stores, spare parts and loose tools
364,548
(508,852)
Stock-in-trade
608,353
5,935,656
Trade and other receivables
(77,066)
128,284
Loans and advances
781,978
(937,009)
Deposits
15,539
(15,431)
Increase in current liabilities
1,693,352
4,602,648
Trade and other payables
(319,154)
(79,464)
Net cash generated from operations
178,713
3,699,715
Taxes paid - net
Workers welfare fund paid
Workers profit participation fund paid Financial charges paid
Net cash (used) in / generated from operations
CASH FLOWS FROM INVESTING ACTIMTIES
Long term deposits and receivable recovered - net Additions in capital work in progress - net
Proceeds from disposal of property, plant and equipment Additions in property, plant and equipment
Damage of property, plant and equipment Net cash used in investing activities
CASZ FLOWS FROM FINANCING ACTIVITIES
Receipts/ (repayments) of long-term borrowings - net Loans from Directors
Advance received against shares Lease rentals paid
Receipts of short-term borrowings - net
(582,297) 1,192,005
(382,245) | (207,074) |
(3,000) | |
(58,598) | (104,374) |
(317,167) | (2,196,262) |
524,735 | 62,103 |
(112,433) | (2,531,876) |
23,757 | 5,449 |
(572,433) | (540,572) |
- | 673,801 |
17,612 | (413,939) |
415,020 | |
250,000 | |
(56,265) | (43,124) |
151,632 | 1,497,992 |
w K ARACHI
Net casb generated from financing activities | 527,999 | 1,290,929 | |||
Net (decrease) / increase in cash and cash equivalents (A+B+C) | (190,672) | 151,839 | |||
Cash and cash equivalents at the beginning of the year | 239,134 | 87,295 | |||
Cash and cash equivalents at the end of the year | 48,462 | 239,134 | |||
Chief Executive Chief Financial Officer | Director |