B E; E; @ &TE E L
W E $3 T R N C3T I-jE I' I Y0 LJ f1 D F7 E A M £3
PUCARS / Courier
Financial Results for the Financial Year EndedJune 30, 202S
Dear Sirs
We have to inform you that the Board of Directors of Beco Steel Limited (the Company) in their meeting held on Monday October 06, 2025 at 12:30 PM at Head Office of the Company at 79-Peco Road, Badami Bagh Lahore has recommended the following:
Cash Dividend
Bonus / Right Shares
Any Other Entitlement / Corporate Action:
Nil
Nil
To enhance market liquidity, improve investor accessibility, and align BECO's stock price with broader market participation, the Board of Directors has proposed a subdivision of the Company's shares, changing the face value from PKR 10/- to PKR 1/- per share. As a result, the subscribed and paid-up capital of Beco Steel Limited, currently comprising 124,962,510 ordinary shares of PKR 10/- each, will be restructured into 1,249,62S,100 ordinary shares of PKR 1/- each, with no change in the total paid-up capital. Shareholders will receive 10 shares of PKR 1/- each for every one share of PKR 10/- held as of the effective date, which will be announced upon completion of the necessary regulatory approvals in compliance with Section 85(1)(c) of the Companies Act, 2017. Necessary amendments to the Memorandum and Articles of Association of the Company are to be made.
To obtain shareholders' approval for this corporate action, the Board has decided to present the Special Resolution at the Annual General Meeting (AGM) on October 28, 2025, (Tuesday) where special resolution(s) will be presented for consideration and approval by the shareholders
Any Other Price-Sensitive Information Nil
Continued On Page 2/2
Q• AddressHead Office: 0-7 Ground Floor, Florets Luxury Appartments
127 Ahmad Block, New Garden Town Lahore, 54660-Pakistan Factory: 79 Peco Road, Badaml Bagh, Lahore, 54900-Pakistan
**
C D &TE E L
T!*+ !' *Li‹ I rdstills uf thL Coi›q›ai y along witfl the CoflJcflscd Prcfit anJ Loss Ar.coiJnt, Statr'rr›‹'nt Of Fu.1mm. I I'osition, Col JeiJscd Statement o( Changes in Equity and CondenseJ Statement of Cast flnvz of the Com|J‹Jny for tl c firancial year ended period cnderf June 30, 2025 are attach«J as Annexures.
Th^ AfHJual General Meeting (AGM) of shareholders of Oeco Steel Limited (the Company) will be held on October28, 2025 (Tuesday) at 12:00 (noon) aI Executive Board Room, Royal Palm Golf and Country Club, 52 Canal Road, Mughalpura, Lahore.
The Share Transfer 8ooks of the Company will remain closed from October 21, 2025 to October 28, 20yS (both days ir›c!usivej. Transfers received in order at the Office of our Share Registrar, Hameed Ma,eed Associates, upto the close of business hours on October 20, 2025 will be treated in time for the purposes of determination of entitlement to attend and vote at the meeting.
The financial statements of the Company for the period the financial year ended June 30, 2025 will ne transmitted through PUCARS separately within the specified time.
Thanking you, Yours faithfully,
For Beco Steel Limited
Muhammad Ali Shafique Ch.
Chief Executive Officer
Encl: as above
CC: The Executive Director/HOD Off-Site-II Department Supervision Division,
Securities & Exchange Commission of Pakistan NIC Building, Jinnah Avenue Blue Area, Islamabad
Address
! Oround Floor, Clarets LuXury Aypartmenta
127 Ahm•d Blo«k, Ngl Q•rden Town Lahoro. 64a80•PakIstan
Factor: yetoo RoSd, Bad¥ml Bagh, Lahora. 64B00•PaIcIstan
BECO STEEL LIMITED
STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
Note | 2025 | 2024 | 2023 | |
(Restated) | (Restated) | |||
-------- Rupees -------- | ||||
AUTHORIZED SHARE CAPITAL |
150,000,000 (2024: 150,000,000) ordinary shares of Rs. 10 each |
Revenue reserves |
Accumulated loss |
1,500,000,000 | 1,500,000,000 | 1,500,000,000 |
Issued, subscribed and paid up capital | 9 | 1,249,625,100 | 1,249,625,100 | 1,249,625,100 |
Capital reserves |
Share premium |
10 | 1,999,250,200 | 1,999,250,200 | 1,999,250,200 |
(305,299,792) | (416,784,564) | (325,956,731) | ||
Loan from sponsors/directors | 11 | 282,184,420 | 254,672,420 | 254,672,420 |
Total Share Capital and Reserves | 3,225,759,928 | 3,086,763,156 | 3,177,590,989 | |
NON-CURRENT LIABILITIES | ||||
Deferred taxation | 12 | 129,341,927 | 117,531,631 | 23,131,835 |
Lease liabilities | 17 | 4,879,705 | 6,373,058 | - |
Total Non Current Liabilities | 134,221,632 | 123,904,689 | 23,131,835 | |
CURRENT LIABILITIES | ||||
Trade and other payables | 13 | 4,290,980,559 | 3,960,771,737 | 2,648,439,498 |
Unclaimed dividend | 4,911,563 | 4,911,563 | 4,911,563 | |
Short term borrowings | 15 | 6,900,000 | - | - |
Current portion of lease liabilities | 17 | 2,959,157 | 2,739,960 | - |
Total Current Liabilities | 4,305,751,279 | 3,968,423,260 | 2,653,351,061 |
CONTINGENCIES AND COMMITMENTS | 14 | ||
TOTAL LIABILITIES | 4,439,972,911 | 4,092,327,949 | 2,676,482,896 |
TOTAL EQUITY AND LIBILITIES 7,665,732,839 | 7,179,091,105 | 5,854,073,885 |
CHIEF FINANCIAL OFFICER | DIRECTOR |
The annexed notes from 1 to 48 form an integral part of these financial statements.
BECO STEEL LIMITED
STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
Note | 2025 | 2024 | 2023 | |
(Restated) | (Restated) | |||
-------- Rupees -------- | ||||
NON-CURRENT ASSETS | ||||
Property, plant and equipment | 16 | 3,635,267,220 | 3,762,870,968 | 3,833,278,224 |
Right-of-use-assets | 17 | 5,967,574 | 7,956,766 | - |
Security deposit | 2,537,000 | 2,537,000 | - | |
Long term deposits | 450,000 | 450,000 | 450,000 | |
Total Non-Current Assets | 3,644,221,794 | 3,773,814,734 | 3,833,728,224 | |
CURRENT ASSETS | ||||
Stores, spares and loose tools | 18 | 528,059 | 264,500 | - |
Stock in trade | 19 | 2,033,470,745 | 2,137,557,970 | 1,115,998,773 |
Trade debts | 20 | 1,377,337,179 | 938,018,505 | 691,297,266 |
Advances, deposits, prepayments and other receivables | 21 | 300,852,857 | 168,810,695 | 139,874,550 |
Tax refunds due from Government | 22 | 293,963,883 | 144,639,891 | 41,820,625 |
Cash and bank balances | 23 | 15,358,322 | 15,984,810 | 31,354,447 |
Total Current Assets | 4,021,511,045 | 3,405,276,371 | 2,020,345,661 |
TOTAL ASSETS 7,665,732,839 | 7,179,091,105 | 5,854,073,885 |
CHIEF FINANCIAL OFFICER | DIRECTOR |
The annexed notes from 1 to 48 form an integral part of these financial statements.
BECO STEEL LIMITED
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
Note | 2025 | 2024 | |
(Restated) | |||
-------- Rupees -------- | |||
Revenue | 24 | 7,451,485,486 | 3,098,016,876 |
Cost of sales | 25 | (7,065,229,733) | (2,874,655,970) |
Gross Profit | 386,255,753 | 223,360,906 |
(15,936,296) | (2,797,355) |
(118,949,823) | (276,404,236) |
Operating expenses | |
- | Selling and distribution costs |
- | Administrative expenses |
Finance cost | 28 | (5,787,411) | (6,926,965) |
Other income | 29 | 386,870 | 112,262,095 |
Other operating expenses | 30 | (27,664,225) | (7,197,271) |
Profit Before Income Tax and Final Taxes | 218,304,868 | 42,297,174 |
Final taxes/levies 31 (38,540,265) (38,725,211) |
Profit Before Income Tax 179,764,603 3,571,963 |
Taxation | 32 | (68,279,831) | (94,399,796) |
Net (Loss)/Profit for the year | 111,484,772 | (90,827,833) | |
Earning / (Loss) per share - basic and diluted Other Comprehensive Income |
Other comprehensive income for the year - - |
Total Comprehensive (Loss) / Profit for the Year 111,484,772 (90,827,833) |
CHIEF FINANCIAL OFFICER | DIRECTOR |
0.89 | (0.73) |
The annexed notes from 1 to 48 form an integral part of these financial statements.
BECO STEEL LIMITED | |||||||
STATEMENT OF CHANGES IN EQUITY | |||||||
FOR THE YEAR ENDED JUNE 30, 2025 | |||||||
Particulars | Share Capital | Capital Reserves | Revenue Reserves | Loan from Sponsors | Total Share Capital and Reserves | ||
Share Premium | Total Capital Reserves | Accumulated Loss | |||||
-------------------------------------------------------------------- Rupees ------------------------------------------------------------------- | |||||||
Balance as at July 01, 2023 | 1,249,625,100 | 1,999,250,200 |
1,999,250,200 | (325,956,731) | 254,672,420 | 3,177,590,989 |
Total Comprehensive income for the year | ||||||
Net loss for the year before error | - | - | - | (92,543,894) | - | (92,543,894) |
Effect of correction of error | - | - | - | 1,716,061 | - | 1,716,061 |
Other comprehensive loss for the year | - | - | - | - | - | |
Net loss for the year (Restated) | - | - | - | (90,827,833) | - | (90,827,833) |
- | - | - | - |
Loan from sponsors - -
Balance as at June 30, 2024- As Restated | 1,249,625,100 | 1,999,250,200 1,999,250,200 (416,784,564) 254,672,420 3,086,763,156 |
Balance as at July 01, 2024- As Restated | 1,249,625,100 | 1,999,250,200 |
1,999,250,200 | (416,784,564) | 254,672,420 | 3,086,763,156 |
Total Comprehensive income for the year | ||||||
Net profit for the year | - | - | - | 111,484,772 | - | 111,484,772 |
Other comprehensive loss for the year | - | - | - | - | - | - |
- | - | - | 111,484,772 | - | 111,484,772 | |
Loan from sponsors | - | - | - | - | 27,512,000 | 27,512,000 |
Balance as at June 30, 2025 | 1,249,625,100 | 1,999,250,200 1,999,250,200 (305,299,792) 282,184,420 3,225,759,928 |
CHIEF FINANCIAL OFFICER | DIRECTOR |
BECO STEEL LIMITED | ||||
STATEMENT OF CASH FLOWS | ||||
FOR THE YEAR ENDED JUNE 30, 2025 | ||||
Note | 2025 | 2024 | ||
(Restated) | ||||
-------- Rupees -------- | ||||
Net Cash Generated From Operations 34 | 242,412,519 | 150,516,377 |
242,412,519 | 150,516,377 |
(244,333,792) | (141,544,477) |
(624,116) | (1,214,441) |
Net Cash Generated From Operations
Income tax and levies paid |
Finance cost paid |
Net Cash Outflow Generated From/(Used In) Operating Activities | A | (2,545,389) | 7,757,459 |
Purchases of property, plant and equipment | 16 | (22,853,140) | (18,053,097) |
Security deposit | - | (2,537,000) | |
Net Cash Used In Investing Activities | B | (22,853,140) | (20,590,097) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Loan from sponsors | 27,512,000 | - | |
Lease liabilities paid | (2,739,960) | (2,537,000) | |
Net Cash Inflow Generated From / (Used In) Financing Activities | C | 24,772,041 | (2,537,000) |
A+B+C | (626,488) | (15,369,638) |
35 | 15,984,810 | 31,354,448 |
Cash and cash equivalents at the beginning of the year
Cash And Cash Equivalents At The End Of The Year 15,358,322 | 15,984,810 |
The annexed notes from 1 to 48 form an integral part of these financial statements.
CHIEF FINANCIAL OFFICER | DIRECTOR |