ReF: ASC/25-26/I'SX29O82
A ugusl 29, 2025
LSHAHEER
FOODS
The Ccneml IManager,
PaL istail Stock F..xchan«e L in ited.
Stock Excl ailge Uiildinc.
Stock Exchange Rond.
SUB.I ECT: FINANCIAL RESULTS FOR THE PERIOD ENDED DECEMBER 31' 2023
De:in Sir
We H'ould like to inloim the Pakiscan Stock Exchange thac the Board of Directors oFAI Shaheer Corporation Limited (the Compa‹i') in their meeciny held on Friday, August 29, 2025 si I I :30 AM at Company's registered office located at Suit No. G'ñ '5. 3'dfloor, Mansoor Tow•r. Block-8, Shahrah-e-Roomi, cMfton, Karachi. recommended the
Cash Dividend
ii. Bonus Shares Right Shares
NIL NIL NIL
Al Shaheer Cor porai ion Limited
M ubashliar Asit'
Company Secretary
Encl: 's abox'e
AI Shaheer Corporatin Limited Office: +92-21 -38781100 Sulle 4 G/5/5, 3rd Floor kansoor Toweri Fax: +92-21-35877017 Block 8, Shahrah-e-Roomi, Clifton, Karachi. Web: https://www.ascfoods.com
The linancial results oFthe Company as approved by the Board of Director of tic Company are appended to this letter.
AL SHAHEER CORPORATION SMILED
UNCONSOLIDA7'ED CONDENSED INTEWM STATEMENT OP PI CIAL POSITIONAS A'I' DECEMBER 31, 2023
December 2023 | June 2023 | J«ne 2022 |
n Audited) | (Restored} | (Itesmte@ |
ASSETS
NON-CURRENT ASSET S
--------------- Rugeea in '000' ----
roTni. aSSETS
EQUITY AND LTAB ILITIES
81-tARE CAPITAL AND RESERVES
zYurhorised cepJtal
't00,000,000 (2023: 400,000,000) or‹hn ›harc› of R›. 10 eac6
Issued, subscribed rind pnid-up share capital Share premium
(.Accumulated loss) / unapprr›priated profit
NON-CURREM1' LIABILITIES
Long-test financing Lease liabilities Deferred liability
42 799 4,022,6G0
4,133,239 | 4,442,104 | 4,703,479 | |||
35,303 | 47.073 | ||||
14,940 | |||||
2,8t9 | 6,439 | ||||
33S,625 | |||||
4,I33,239 | 4,480,228 | S,t07,5SG | |||
CURRENT ASSETS | |||||
Stock-in-trnde | 262,572 | 289,061 | |||
Trsde dcbrs | 3 44,879 | 3,094,205 | |||
Lr›ans and advances | 202.577 | 340,400 | |||
7'ode dept›sits arid prepnyments | 195 | 15300 | 13,907 | ||
Other receivables | 558,036 86,1G9 | 552,22G 100,840 | 364,590 t34,947 | ||
401 | 66,266 | 8,2B6 |
4,559,0J8 B502,888
4,00O,OOO 4,000,000
5,749,236 3,749,23G
1,507,705 ,507,705(4,134,904) (935,757)
1,122,037 4,321,184184,332
S82,'?04
7j01
110,773
4,245,394
9,3S2,930
3,000,000
2,999,3'89
1,507,705
897,8B5
5,404,979
731,640
90,226
102,850
CUltRENT LIADILI'fIBS
Tide and ‹›ther payables
hhort-ten bt›ouwings
303,268
741?70
524,716
Accrued mark-up
Current porti‹›n of long;-term financing
Current purt1‹›n tit tlc ferrcd income - gt›vernment front
Current pr›rti‹›n r›f le*se linliilities
319,535
1,85S,132
124,898
94,752
739,416
1,069,545
1,657,867
4,446 tt7,787 t38,8G2
870
53,878
93S,598
1,855,429
3,742
223,205
357.088
3,133,733 3,440,435 3,023,2S5
TOTAL EQUITY AND LIABIMTIES
CONTIG AGENCIES AND CO
ENTS4,559,038 8,502,888
P,3S2,9â0
Chief Itxecutive Omccr ChiefPioaocim}Of6ce*
AL SI-IAW-IEER CORPORATION LIMITED
UNCONSOLInAvEn comEnsED ERIM STATEMENT OF• PROFIT OR LOSS FOR THE SIX MO1TI'HS PERIOD ENDED DECEMBER 3t, 2023
Six Months Period Ended Quarter Ended
December 31, | December 31, | December 31, | December 31, | ||
2023 | 2022 | 2023 | 2022 | ||
(Unaudited) | (Restated) | (Unaudited) | (Restated) | ||
- Rupees | in '000' -------------- | - Rupeee in '000' - | |||
Tum‹›ver | 38S,319 | 3,3S9,£83 | 82,635 | i,769,332 | |
Cusr uf snlcs | (923,605) | (2,948,2J2) | (186,714) | (1,626,973) | |
Gross (loss)/profit | (538,28a | 4t t,37J | (i04,079) | I42,3SS | |
Adnunistrativc and clistributi‹in costs | (2,049,424) | (625,284) | (1,735,672) | (308,196) | |
fitter /zpense)/Iac‹›me ner | (536,766) | 299,175 | (79,725) | (10,089) | |
Opcratizsg {boas)/frolic | (3,114,476) | 84,262 | (1,M9,475) | (J 75,g2G) | |
Finance c‹› t | (80,487) | (*23,427} | (41,187) | (114,02G) | |
Los* before taxation | (3,l94,963) | (139,163) | (I,960,GG2) | (289,g52) | |
Deanes - ltimum nnd Enn] taz | (4M4) | (28,854) | (884) | {19,482) | |
Net losu for the period | (3,139,147] | (JG8,0t9) | (t,96I,546) | (305,434) | |
Iss gcr share
(Rupees) - (Rupeee)
(8.53) (0.56) (IV)
C6iefFinaocialOKcer
(t.03)
AL SHAHEER CORPORATION LIMITED
UNCONSOLIDATED CONDENSED INTEttIM STATEMENT OF COMPREHENSIVE INCOME FOR '1'lJñ SIP MON2'HS PERIOD rNDEn DrcExaER 3 2o23
Six Months Period Ended Quarter Ended
December 31, | D ecembcr 3J, | December 31, | December 31, | |||||
2023 | 2022 | 2023 | 2022 | |||||
(Unaudited) | (Restated) | (Unauditcd) | (Restated) | |||||
------------- Rupees in '000' ------------- | ------------- Rupees in '000' ----------- | |||||||
Nci loss for the period | (3,159 147) | (168,019) | (1,961,546) | (509,434) | ||||
Other comprehensive income | ||||||||
'l'otal comprehend ivc loss for thc pcriod | (3,199,147) | (t68,0l9) | ‹1,961,546) | |||||
CldefFiaaacialO cec
Af SI YELR COltfOltA'l'1ON I IMITED
UNtONSOLIDATED CONDENSED INTERIM STATEMENT OK CI GES IN EQNS I•OR 'I'IIk SIP MON'I'£IS I•NRI OD ENDED DECEMBER 31, 2023
Capital
Revenue reserve
I sewed,
reeezve
Revalusnon
subscribed and paid-up share capital
Sbare Preoriuas
Uoappropriated surplus or
profit propertyt place Total
/AccumubHca and (o@) egugmeoa
--------------------------------- Rupees in '000' ---------------------------- ----
2,999,589 | i ,507,705 | 898,6D | 750, 49S | 6,i 55,527 |
(749) | (750,199) | 50,P48) |
Rataacc as ac 3:I December 2022 -Reecaccd balance as ac OF )u 202J - Restated
I'otsl c‹urprelaeJ1sivv li ›ss for the perioc]
2,999,389
897,885
(1G8,019)
2,999,389
3,749,236
t,507,705
1,507,705
-
5,404,979
4,321,18d
(I G8,0t 9)
(3,t99,147)
5,404,979
(5,t99,t47]
13alance as ci 31 l9ecembcr 202
Chief Executive Officer
3,749,2S6
t,507,705 (4,134,904) - t,122,O37
Chief E•i nancial Officer
AL SHA£IMER CORPORATION LIMITED
UNCONSOLIDA'I'ED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2023
Si= Months Period Ended
31 December
2023
31 December 202*
CASH FLOWS FROM OPERATING ACTIVITIES
------------- Rupees izt '000' ------------
(139,1GS)
Adjustments for non-cash itcme: | ||||||||
Dcyrecintir›n on ‹operating fixed assets Depreciati‹›n on Rt3IJ assets :ni‹›rtizntiun uf intan blcs .5Yosvanco Doc CCL Intangible wdtten o£f | JS4,832 4,i04 4,4U 483852 2648 | 1678G0 28,559 5,884 2'?,755 | ||||||
Profi«iun for defined benefits plum | 8I65 | t8,248 | ||||||
Income rax refundable written off | 1S,S96 | |||||||
E.xchangc lr›ss | 39,565 | |||||||
Net gain un termination ref dt;ht ‹›£ use assets | (Z7,97G) | |||||||
Gnir* ‹›n disp‹›sal ‹›f pri›perty, plant and equipment | (2,724) | |||||||
Finance cciz t | 80487 | 223,427 | ||||||
786,791 | 473,533 | |||||||
Working capital changes | ||||||||
St‹ick-in-trade | 262,573 | 5,757 | ||||||
2,521,461 | (32â,326) | |||||||
Luans and advances | 266,529 | 21,696 | ||||||
Trade dep‹isits end p repayments | (2,552) | |||||||
t3rlicr rccci 'ab1es | (S,810) | 1,456 | ||||||
Trade rind other pa)'zbles | (616,064) | (150,139) | ||||||
121,1S6 | ||||||||
2,562,951 | (44J.108) | |||||||
(9,22G) | ||||||||
(208,940) | (t87,7Gt) | |||||||
Net cash used in operating activities CASH FLOWS FROM INVESTING ACTIVITIES | (54161 | (311,727) | ||||||
.-tdditii›ns ru po›pcrry, plnnt and equipment Sale proceeds £rom dispr›sal r›£ prr›perry, plant and ec{uipment | (sx) 6,824 | (32,474) | ||||||
Net cash generated from / (used in) investing activities | 5929 | (32,674) | ||||||
CASH PLOWS FROM FINANCING ACTIYITIES | ||||||||
Issuance c›f shares | 195,953 | |||||||
Lr ny-rem financing - ner | (16,336) | 166,285 | ||||||
Lease rentals paid | (20,663) | |||||||
Due to Rel.ated hard - net | (2,824) | |||||||
Shurt term burr‹iivings - net | (297) | ?02¿8J | ||||||
Net cash (used in) / genecared from financing activities | 4,653) | 54332 | ||||||
Net (decrease) / increase in cash and cash equivalents | (64865) | 19G,93l | ||||||
Cash and cash equivalents the bcgi 'rig of the year | G6,266 | 8,?86 | ||||||
Cash a c | ' sl | ts at | nd | the year | §#O1 | *05,2T7 | ||
Chi 'xecucive Officer