The General Manager
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
ATML/04-2025/1922
April 29, 2025
Subject: FINANCIAL RESULTS FOR THE NINE MONTHS AND 3R^ QUARTER ENDED 31-03-2025
Dear Sir,
We wish to inform you that the Board of Directors of the Company, in their meeting held on Tuesday, April 29, 2025, at 11:00 a.m. at the registered office of the Company, considered and approved the Condensed (Un-audited) Interim Financial Statements for the nine months and third quarter ended March 31, 2025, as recommended by the Audit Committee. The Board also recommended the following:
CASH DIVIDEND:
BONUS SHARES:
RIGHT SHARES:
ANY OTHER ENTETLEPIENT/ CORPORATE ACTEON ANY OTHER PRICE-SENSITIVE INFORf ATgON
The financial results of the Company are attached as Annexure 1 to 4.
STATEI ENT OF PROFIT OR LOSS
STATES ENT OF FINANCIAL POSITION
STATEf ENT OF CHANGES IN EQUITY
STATEMENT OF CASH FLOWS
NIL NIL NIL
NIL
NIL
The Condensed interim Financial Statements of the company for the nine months and third quarter ended March 31, 2025, will be transmitted through "PUCARS" in due course of time and will also be available at the company's website at https://www.arctictextile.com.
Thanking you.
Yours faithfully,
For ARCTIC TEXTILE MILLS LIMITED
COMPANY SECRETARY
SE.C.P Surveillance, Supervision, and"Enforcement Depa met, Securities & Exchange " Commission of Pakistan, Nic Building, 63- Jinnah Avenue, Blue Area, Islamabad.
(Annexure-1)
CONDENSED INTERZf STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
roR THE NINE IONTHS / 3 QUARTER ENDED MARCH 31, 2025
Nine months ended Quarter ended
31 Narch 31Narch 31 Narch 31march
2025 2024 2025 2024
(Rupees in thousand)
REVENUE FRON CONTRACTS WITH CUSTOMERS
COST 0F SALES GROSS PROFIT DISTRIBUTION COST
ADNTNISTRATIVE EXPENSES OTHER EXPENSES
OTHER INCONE
PROFIT BEFORE TAXATION AND LEVY
LEVY
PROFIT BEFORE TAXATION
TAXATTON
PROFIT AFTER TAXATION
EARNINGS PER SHARE - 8ASIC AND DILUTED (RUPEK)
1,347,623
NEfi,2g
433,228
"'
60,096
(1,170,287)
177,336
(3,065)
(t1,403)
(3,818)
1,210
(1,048)
(77)
143 11
45,847
- (392]
142,919
(48,857)
94,062
30,643
7.14
2.33
(31,383)
' '
(10,625)
(Annexure-2)
CONDENSED INTERIM STATEf•1ENT OF FINANCIAL POSITION (UN-AUDITED) FOR THE NINE MONTHS / 3 QUARTER ENDED MARCH 31, 2025EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES
Authorized share capital
30 000 000 (30 3une 2024: 17 000 000) ordinary
Un-audited Audited 31 March 30 3une
2O25 2O24
(Rupees in thousand)
shares of Rupees 10 each | 300,0.00 | 170,000 | ||
Issued, subscribed and paid up share capital 13 J74 800 (30 3une 2024: 13 174 800) ordinary shares of Rupees 10 each fully paid in cash | 131;748 | 131,748 | ||
Reserves Capital reserves | ||||
Equiy portion of former shareholders' loan Surplus on revaluation of property, plant and equipment -net of deferred income tax | 13,335 189,962 | 13,335 155,274 | ||
203,297 | 168,609 | |||
Revenue reserve | ||||
Unappropriated profit / (accumulated loss) | 67;457 | (33,016) | ||
Total resemes | 270,754 | 35,593 | ||
Total equity | 402r502 | 267,341 | ||
MA BIL£TIES | ||||
NON-CURRENT LIABILITIES | ||||
Deferred income tax liability | 45,200 | 58,434 | ||
Staff retirement gratuity | ?05,589 | 73,193 | ||
Long term security deposit | 30,000 | |||
CURRE IT LIABIL ES | 250,789 | 161,627 | ||
Trade and other payables | 432,020 | 293,640 | ||
Provision for taxation and levy payable - net Current portion of long term security deposit | 30,000 | 3,906 | ||
462,020 | 297,516 | |||
TOTAL LIABILITIES | 612,809 | 459,173 | ||
CONTINGENCIES AND COMI'4ITMENTS | ||||
TOTAL EQUITY AND LIABILITIES | 1,0t5,311 | 726,514 | ||
ASSETS | ||||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | -..''527,663 | 498,560 | ||
Long term deposits and prepayment | ]8;720 | 11,190 | ||
55%383 | 509,750 | |||
CURRENT ASSETS | ||||
Stores, spare parts and loose roots | 156,609 | 79,721 | ||
Trade debts | 218,222 | 66,486 | ||
Loans and advances Advance income tax and prepaid levy - net | t7,98B 37,107 | 3,052 | ||
Short term deposits, prepayments and other receivables | 15,$09 | 43,665 | ||
Cash and bank balances | 23,840 | |||
<> | 216,764 | |||
TOTAL ASSETS | 726,514 | |||
Registered Office: P-102, Jail Road. Faisalabad, Pakistan. Tel: +92-41-2605076 Mills: 35-Kilometers, Sheikhupura Roao. Faisalahad.
(Annexure-3)
CONDENSED INTERIf•l STATEMENT OF CHANGES IN EQUITY (UN-AUDITED}
FOR THE NINE I ONTHS / 3 QUARTER ENDED MARCH 31, 2025
Balana asat JOJvne t0U •(Avfited}
hazel for ogz or meLatior d fn›;ey, part and alriPrat or moat & moemeral
lalarce ajatll Nutr 2025 -(lJn•aiditeI)
Registered Office: P-102, Jail Road, Faisalabad, Pakistan. Tel: +92-41-2605076 Mills: 35-Kilometers,.Sheikhupura Road., Faisalabad.
(Annexure-4)
CONDENSED INTERIM STATE IENT OF CASH FLOWS (UN-AUDITED) FOR THE NONE btONTHS / a• quARTER ENDED MARCH 31, 2025
Nine months ended 31Narch 31Narch
2025 2024 (Rupees in thousand) | |||||
CASH FLOWS FRON OPERATING ACTZVITTES | |||||
Profit before taxation and levy | 143,311 | ||||
Adjustments for non-cash charges and other items: | |||||
Depreciation | 26,724 | ||||
Recovery against allowance for expected credit losses | ( 683) | ||||
Gain on sale of property, plant and equipment | (716) | ||||
Provision for staP retirement gratuity | 21,878 | ||||
Finance cost | 1,048 | ||||
186,562 | |||||
Working capital changes | |||||
(Increase) / decrease in current assets: | |||||
Stores, spare parts and loose tools | (28,065) | ||||
Trade debts | (12,961 | ||||
Loans and advances | 879 | ||||
Short term deposits, prepayments and other receivables | (32,117) | ||||
(72,264) | |||||
Increase/ (decrease) in trade and other payables | (35,895) | ||||
Cash generated from operations | 78,403 | ||||
Finance cost paid | (439) | ||||
Income tax and levy paid | (53,298) | ||||
SB|TimmentgwtWtypid | (6,059) | ||||
Net increase in long term deposits and prepayment | (149) | ||||
Net cash (used in) / generated from operating activities | 18,458 | ||||
CASH FLOWS FRON INVESTING ACTIVITIES | |||||
Capital expenditure on property, plant and equipment | (9,551} | ||||
Proceeds from sale of property, plant and equipment | 3,926 | ||||
Net cash from / (used in) investing activities | (5,625) | ||||
NET (DECREASE)/ INCREASE IN CASH AND CASH Ef}UIVALENTS | 12,833 | ||||
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 6,569 | ||||
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 19,402 |
Registered Office: P-102, Jail Road, Faisalabad, Pakistan. Tel: *92-41-2605076 Mills: 35-Kilometers, Sheikhupura Road, Faisalabad.