Itef: ASC/*T-26/PSX29082sALSHAHEER
FOODS
S U BJ E CT: FI NA NC IAL RESU LTS FOR THE PERIOD ENDED DEC EMB ER 3I" 2024
be wnuld lit:e to iifom the Eakisian Stock Exchange that the Board of Directors of AI Shaheer Corporation Limited (the Co»pany) in their ineetins held on Friday, August 29, 2025 at I I :30 AM at Company's registered office located at Suit No. G/5.'S. 3" door. Mansooi Tou'er, Block-8, ShahraI-e-Roomi Clifton, Karachi, recommended the follow'iny:
i. Cash Dividend
ii Bonus Shares
iii. Right Shares
NIL NIL NIL
The fina* cinl results of the Company as approved by the Board oF Director of the Company are appended to this letter.
Al Sha freer Corporation Lim i‹ed
rncl: As above
AI Shaheer Corporatin Limited
Suite 4 G/5/5, 3rd Floor, Mansoor Tower,
Block 8, Shahrah-e-Roomi, Clifton, Karachi.
Office: +92-21-38781100
Fax: +92-21-35877017
Web: https://www.ascIoods.com
ML SIIAHEER CORPORATION LIMITED
UNCONSOLIDATED CONDENSED INTERIM S A EME Or FINANCIAL POSITIONAS AT' DECEMBER 31, 2024
ASSETS
NON-CURRY.N'I' ASSETS
Decezztber 2024 }urte 2024
(Un Audited) ( 'Audited)
----------- Rupees in '000' ------------
Property plant and equipment Long-term investment | 3,660,907 | 3,794,089 | |
Deferred tax asset | |||
cuaecxr Assrzs | 3,660,907 | 3,794,089 | |
Trade de1›ts | 6,887 | 5,100 | |
Loans and ad›'arices | 10,454 | ||
€)ther receivables | 321,095 | 52t,0flS | |
Taxation - net | 80,699 | 82,569 | |
Cash rind bank balances | 5,542 | 715 | |
424,677 | 40/475 | ||
TOTAL ASSETS | 4,085,584 | 4,205568 | |
EQUI"I'Y AND LIABILITIES | |||
SHARE CAPIYAL AND RESERVES | |||
Authoosed capital | 4,000,000 | 4,000,000 |
400,000,000 (2024: 400,000,000) ordinary shares of Rs. 10 each Issued, subscribed and paid-up share capital
Share premium Accumulated loss
NON-CURRE IT LIABILITIES
lx›ng-term financing De£crrcd 1i:ability
CURREN"I' LIABILITIES
Gradr nd o ther p z 'filez
Short-rerm borrowings
Current portion of long-term financing
TOTAL EQUITY AND LIABILITIES
3,749,236
1,507,705
(4,662,708)
594,233
64,283
118,936
183,219
647,366
1,8S5,132
805,634
3,308,132
4,085,584
3,749,236
184,333
I t8,935
1,507,705 (4,444,37S) 812,566
303269
513,866 t,85S,132 718,735
3,087,733
4,203,568
CON"fING NCIES AND CO TS
Chief Executive Omcer
Chief financial Officer
nL SHAHEER CORPORATION LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OP PROFIT OR LOSS FOR 'I'HE SIX MONTHS PERIOD ENDED DECEMBER 31, 2024
'1'urnovcr Cost of sales Gross loss
tdministrntive and distribution costs
Six Monthe Period Ended Quarter Ended December December December December
31,2024 31,2023 31,2024 31,2023
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
-------------- Rupees in '000' -----• -------------- Rupees in '000' ------------149,590 38S,3I9 61,393 82,635
(295,477) (923,603) (134,430) (198,074)
(145,887) (538,286) (73,037) (t15,441)
(70,574) (2,049,424) (34,616) (230,182)
tether Expense Net Opcrating loee Finance cost
Loss befocc taxation
Levies - rninirrium and Enal tax Taxation
(1)
(216,462)
(1)
(216,463)
(1,870)(S26,766)
(3,114,476)
(80,487)
(3,194,963)
(4,184)
(i)
t**7,654)
(107,654)
(767)
(79,72S)
(425,348)
(41,J 87)
(466,S3S)
(884)
Net loss for the period
Loss per share - Basic / Diluted
(218,333) (3,199,147) (108,421)
----------------- (Rupees) - ------------- ---------------- (Rupees) ------(0.58) (8.53) (0.29)
Chief Financial Officer
(467,419)
(1.03)
AIR SHAKIER-R CORPORATION LIMITED
U2'4CONSOLIDA2'ED CONDENSED INTERIM STATEME1' IT OF COMPREHENSIYE INCOME
POR THE SIP MON'I'HS PERIOD ENDED DECEMBER 31, 2024
Six Months Period Ended Quarter Ended
December | December | December | December | ||||
51,2024 | 91,2023 | 31202# | 51,2023 | ||||
(Unaudited) | (Unaudited) | (Utiaudited) | (Unaudited) | ||||
---------- Rupees in '000' ----- | --- | --------- Rupees in '000' ---------- | |||||
Net loss foe the period | (218,333) | (3,199,t47) | (108,421) | (467,419) | |||
Other comprehensive income | |||||||
'fo£alcompruhenivcloss | (218,333) | (3,199,147) | (108,421) | (467,419) | |||
n£ SIP HKKR CORPORATION LIMrrED
UNCONSOLIDATED CONDENSED INTERIM STATEMEN'r OF cncEs inEQurrv FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2024
Capital Revenue
Accumulated | property | Total |
losses | plant and | |
equipment |
Issucd, subscribed and
cesecve *"^* C Revaluation
siuplus on
paid-up share Share premium capital
(3,199,14 | (3,t99,t47) |
------------------------------------ Rupees in '000' -----------------------------------
Balance as at 0l july 2023 -Audited | 3,745,236 | 1,S07,70S | (935,7S7) | 4,321,184 | |||
Net loss for the period | |||||||
(Other c mprehensive loss | |||||||
Total comprehensive loss £or the period | (3,199,147) | (3,199,147) | |||||
lialaricc as at 31 December 2023 - | 3,749,23G | 1,507,705 | (4,i34,904) | - | 1,122,037 | ||
Unaudited | |||||||
Baiaocc as at 01July 2024 -Audited | 3,749,236 | 507,705 | ( 444,Z75) | - | 812,566 | ||
Net loss for the period | - | ||||||
£Other comprehensive income | - - | ||||||
2'otn1 comprehensive loss for the | (218,333) | (218,333) | |||||
period | |||||||
Dalancc as at 31 December 2024 - | 3,749,236 | 1,507,705 | (4,662,708) | - | 594,233 | ||
Unauditcd | |||||||
AL SHA£ILER CORPORATION LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMET'II' OF• CASH £-LOWS FOR 'I'HE SIX MONTHS PERIOD ENDED DECEMBER 31, 2024
CASH FLOWS FROM OPRRATING ACTIYITIES
Six Months Period Ended
31 December 2024 31 December 2023
(Unaudited)
-------------- Rupees in '000' ------------
I.oss before taxation atzd levies | (216,463) | (3,194,963) | ||||||||
Adjustments for non-cash items: | ||||||||||
Depreciation on operating fixed assets | 141,753 | t 54,832 | ||||||||
DepreciaSon oia R£âU assets | 4,104 | |||||||||
Amor tixation of intangibles | 4,4t3 | |||||||||
Allowance for ECI. | 483,852 | |||||||||
Intangible written off | 26,478 | |||||||||
Pro 'ision for gmtuity | 8,163 | |||||||||
Income rax refundable written off | tS,596 | |||||||||
Exchange loss | 39,56â | |||||||||
Net gain on rcrrninauon of right of used assets | (27,97G} | |||||||||
(Gain) / Loss on disposnl of property•, plant and equipment | (2,724} | |||||||||
Finance cost | 1 | 80,487 | ||||||||
M6,481 | 78G,7'?t | |||||||||
Working capital changes | ||||||||||
Stock-in-trade | 2G2,572 | |||||||||
Trnde debts | M,486 | 2,S2t,4Gt | ||||||||
Loans and advances | (10,454) | 26G,529 | ||||||||
7'radc deposits and prepayments | t3,l07 | |||||||||
t 1ther receivables | (5,8t0) | |||||||||
'l'rndc rind other pa}•ab1es | 133,499 | (6J G,0G4) | ||||||||
Due In a related party | J2I,t56 | |||||||||
136,531 | 2,562,951 | |||||||||
f'inance cost paid | (1) | (208,940) | ||||||||
Nct cash gcncratcd / 0'scd in) operating activities | 46,548 | (54,1G) | ||||||||
CASH FLOWS FROM INVESvIwG ncvrvIviEs | ||||||||||
.Additions io proper9, plant arid equipment | {8,5'70) | (8g6) | ||||||||
Sale proceeds from disposal of property, plant and equipment | €,824 | |||||||||
Net cash (used in)/gcnerated fcom investing activities | (8,570) | S,S2'7 | ||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||||
Long-term Enancing net | (33,I51) | (16,336) | ||||||||
Short term borrowings - net | (25@ | |||||||||
Net cash generated from financing activities | (33,151) | (15,533) | ||||||||
Net increase / (decrease) in cash and cash equivalents | 4,827 | 54,855) | ||||||||
Cash and cash cquivalent ' ' of I peried | 715 | G6,2G5 | ||||||||
Cash and cas | uiv | ' | the c | of |
| 5,542 | t,40t | |||