AGL/Corporate/PSX/Form-7/ August 05, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
Subject: Financial Results for the Half Year En ed 30*° une 2025
Dear Sir,
We leave to inform you that the Board of Directo s of our company in their meeting held on Tuesday August 05, 2025 at 01:00 p.m. at Ra alpindi recommended the following:
CASH DIVIDEND BONUS SHARES RIGHT SHARESIV. AJ fY OTHEn ENTITLEMENT/CORP RATE ACTION ANY OTHER PRICE-SENSITIVE HF RMATION
The financial results of the Company are attache
Nil Nil Nil Nil Nil
The Quarterly Report of the Company for th period ended June 30, 2025 will be transmitted through PUCARS separately, within the specified time.
Yours Sincerely,
As r n
Company Secretary/Legal Head
CC
Executive Director/ HoD
Listing Companies Department, Supervision Div Securities & Exchange Commission of Pakistan
63-Jinnah Avenue, NIC Building, Blue Area, Isla abad.
Head offlce: AGRITECH LIMITED, Askari Corporate Tower, 4th Floor, 7 76, Block &l, Main Boulevard, Gulberg-IU, Lahore.
Tgl: +92-42-36401000-3, FAO: (+9 )f42) 37897691
Agritech limited
Condensed Interim Statement of Financial Position (Un-audited)
As At 30 June 2fi25
(Un-audited) June 30, 2025
(Audited) Dacembcr 31, 2024
5,990,842,240 g,ooo,ooo | 4,246,451,190 9,000,000 |
(23,843,073,807) | (26,535,202,341) |
31,560,964,249 | 32,011,890,851 |
Note Rupees
EQUITY AND LIABILITIES Authorized shsre capital | 35 000 000 000 | 35.000,000,000 | ||
Share capital and reserves | ||||
Issued, subscribed and paid-up ordinary share capital | 5 | |||
Reserve | ||||
Accumulated loss | ||||
Surplus on revaluation of property. | ||||
plant and equipment - net of tax | ||||
13,717,732,682 | 9,732,139,700 | |||
Non-curre›tt liabilities | ||||
Redeemable capital - secured | 6 | |||
Long term finances - secured | ||||
Convertible, redeemable preference shares | ||||
Non convertible, redeemable preference shares | 8 | |||
Deferred liabilities | ||||
32,644,495,336 | 33,860,190,693 |
4,005,380,364 | 3,706,686,309 |
496,666,908 | 378,257,093 |
206,080 | 1,484,507,830 |
18,542,697,S00 | 18,542,697,500 |
9,599,544,484 | 9,748,041,961 |
Current lia8iliña
Current portion oblong term borrowings - secured
Preference dividend payable 9
Short term borrowings - secured 10
Trade and other payables I I
Provision for taxation - net
Interest / mark-up accrued on borrowings
138,279,331 | 132,117,894 |
28,055,508,188 | 28,729,605,359 |
1,806,809,812 | 2,057,907,728 |
4,866,571,297 | 7,748,451,75 1 |
538,011,643 | |
2,651,139,484 | 2,74J602,634 |
41,415,685,366
Contingencies and commitments
12
ASSETS
Non-current assets
Property, plant and equipment 13
Intangible assets
Long term loans and advances - considered gooa Long term deposits - unsecured, considered good
Current essets
Stores, spares and loose tools Stock-in-trade
Trade debts - secured
Advances, deposits, prepayrnents and other receivables Tax refunds due from Government - net
Short term investments Cash and bank balances
4 4 7
65,958,318,815 | 66,694,254,492 |
143,915 | |
3I,£75564 | 27,099,03 I |
61,058,130 | 60,949,562 |
2,276,606,885 | 2,396,692,934 |
G,363,638,981 | 4,398,932,477 |
45,796,140 | |
3,843,675,352 | 4, IS0,l37,988 |
26,994,232 | |
5,260,865,991 | 6,783,987,635 |
623 108.055 | 423,027 333 |
66050652,509
18,367 895,26484 418 547 773
85,008,015,759
66,782,447,000
18,225,568,759
85 008,015,759
The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.
Agritech limited
Condensed Interim Statement of Profit or Loss (Un-audited)
For the cix months Reriad ended 30 June 2025
6 montbs period ended For the quarter ended30 June 30 June
Note 2025 2024
April to June April to June 2025 2024
Sales - net
Z 13,208,460,966 14,306,098,611
5,664,349,001 5,065,448,297Cost of sales (11,126,660,199) (11,959,135,747) (4,462,772,585) (4,352,019,443)
Gross profit
Selling and distribution expenses Administrative and general expenses Other expenses
2,081,800,767 2,346,962,864(924,345,011) | (401,143,463) | (578,033,874) | (I 58,625,507) |
(465,318,947) | (415,943,173) | t238,835,039) | (249,771,878) |
(524,894,44S) | (1,187,732) | (524,894,445) | (70,589) |
(1,914,558,403) (818,274,368)
1,201,576,416 713,428,854(1,341,763,358) (408,467,974)
Other income 18 4,849,656›188 678.797,491 4,433,265,059 299,615,047
Operating profit for tbe period 5,016,898,552 2,207,485,9874,293,078,117 604,575,927
Finance cost 19 (2,023,503,183) i3,473,824,200) (999,990,615) (1,723,175,293)
Profit/ (Loss) before final & minimum taxes and taxation 2,993,395,369 (1,266,338,213) 3,293,087,502 (1,118,599,366)Final and Minimum Taxes | (900,732,461) | (245,733,712) | (774,223,763) | (84,334,390) | ||
Profit/ (Loss) before taxation | 2,092,662,908 | (1,512,071,925) | 2,518,863,739 | (1,202,933,756) | ||
Taxation | 148,539,024 | 276,882,146 | (39,236,637) | 140,437,410 | ||
c Eric (Loss) after taxation | 2 | 2 19 2 | (1,235,189,779) | 479 627 | 2 | (1,062,496,346) |
Profit/ (Loss) per share - basic end diluted | 3.74 | (2.06j | 4.14 | (1.77) | ||
The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.
Agritech limited
Condensed Interim Statement of Comprehensive Income (Un-audited)
For the six mon?âs period ended 30 June 2025
6 months period ended For the quarter ended
30 June 30 June
2025 2024
April to June April to June
2025 2024
Profit/ (Loss) after taxation
Other comprehensive income for the period
Total comprehensive Income/ (Loss)
2,241,201,932 (1,235,189,779) 2,479,627,102 (1,062,496,346)
e2,24I,201,932 (1,235, 189,779) 2,479,627,102 (I,062,496,J46)
period
The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.
Agritech limited
Condensed Interim Statement of Casb Flows (Un-audited)
For the six months period eztded 30 June 2025
Cssh flows from operating activities Cash used in operations
Income tax paid
Staff retirement benefits paid Long tern loans and advances Long term deposits - net
Note 2l
6 months period ended
30 June 30 June
2025 2024
Rupees
(1,126,891,818) | (61,273,989) |
(335,685,0t9) | (224,067,008) |
(I,512,290) | (883,007) |
(4,1'?6,533} | 426,0?6 |
(t08,568) | (176 400) |
Net cash used In operating activities
Cash ftows (rom invesfine activities
Capital expenditure incurred Interest income received
Proceeds from disposal of property, plant and equipment Short term investment redeemed during ltte period - net
Net casb trom investing activities
583,669,214 | (132,664,236) |
(4,467,306} | (4,443,229) |
Cash flows from financing activities. Increase/(Decrease) in borrowings - net Finance cost paid
(1,468,374,228)
(229,379,176) | (265,324,669) |
505,701,458 | 673,592,638 |
5,000 | 1,134,500 |
1,523,121,644 | 190,339,1 67 |
1,799,448,926
(28s,974,328)
599,741,636
Net cash (used in) financing activities 579,201,908 (137,107,465)
Net increase in cash nnd cssh equivalents | 910,276,606 | 176,659,843 | |
Cash and cash equivalents at the beginning of period | (1,389,413,193) | (2,009,046,937) | |
Cash and cash equivalents at the end of period | 2J | 47 36 7 | (1,832,387,094) |
The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.
Agritech limited
Condensed Interim Statement of Changes in Equity (Un-audited)
For ffie six moittlis period ended 30 liine 2025
Ordinary Share KAQitR} | Capital Reserve | Revenue Resezwes | |||
Su rgTus on revaluation property, plant and equipment -net of tax | Revenue Reserve | ||||
As at 01 January 2024 3,924.300.000 32,998,144,218 9.000,000 85 87 98 13.072,569,233
- | (451,768,46N) | 43I,76G,464 |
Loss for the period *nded June 30, 2024 Total comprehensive loss for the period ended 30 June 2024
23 1 9 779) 1 35 775)
- ( I.235,189,779) (I ,235,189,779)
Surplus transferred to occiiiiiufa/ed losses on acco incremental depreciation on property, plant and net of deferred tax | utit o(. equipment - | ||||||
Trari.sections will owners' Issuance of ordinary shares during tic period | 322,151, 190 | 3.22,151,190 | |||||
As at 30 3une 2024 | d,246,451,190 | 32,•i46,377,75d | 9,000,000 | f24,642,z98,300J | 12.159,530,644 | ||
As at 01 January 2025 | 4,246,451,190 | 32,011,890,851 | 9,1100,000 | 26.5.5.202 1 | 9,732,t39,700 | ||
Profit for the perioa »a‹d June 30, 2025 | |||||||
Total comprehensive income tor the period ended 30 June 2025 d«rpfir transferred to ricrariiu/oled losses on account of.- | - | - | - | 2,241,201,932 | 2,241,201,932 |
incremental depreciation on property, plant and equipment - net of deferred tax | (450,926,602) | 450,92G,602 | - | ||
Tronsaelions wi//t owners | |||||
Issuance of ordinary sharcs during thc period | 1,744,391,050 | - | - | - | 1,744,391,050 |
As et 30 yune 2025 | 5,990,842,240 | 31,560,964.249 | 9L00,000 | (23,843,073,807) | 1.3,717.732,682 |
The annexed notes 1 to 29 form an integral part of these condensed interim financial statements.