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October 3O, 202S
TheGeneraManager,
Pakistan Stock Exchange Limited, StoAExdangeaNdng,
StOCk Exchange Road, Karachi.
S*ihject: Financial Results for the Period Ended Sep 30, 202s Dear Sir,
We are pleased to inforiT you that the Board of Directors of the Company in their meeting held on October 30, 2025 at Karachi, has reviewed and approved the Un-audited unconsolidated and consolidated financial Statements for the period ended Sep 30, 2025 and recommended the following:
Cash Dividend - NIL Bonus Shares - NIL Right Shares - NIL
Any Other Entitlement / Corporate Action - NIL Any Other Price-Sensitive information - NIL
The financial results for the period ended Sep 30, 2025 are enclosed herewith as Annexure A & B. The Quarterly report of the Company for the period ended Sep 30, 2025 will be transmitted through PUCARS separately, within the specified time.
Yours sincerely,
Company Secretary Encl: As above
Head Offlce:
Bunglow No. 5, Bang‹alore Town, 5hahrah-e-FalsaI, Kar‹achi.
+02-21-1 11-?58333
Reglonal Office - Central
58-S, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.
Regional Office - NorthBuilding # 2A, Airport Link
Road, Chaklala, Rawalplndi.
BIdie-EX Limited (Formerly Universal Network Systems Limited)
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BLUE-EX LthlfTEo
CONDEhSEDU?iCOxSOLll).ITED Ih1ERIll STAT6lEav or rim. XCLtL rO5ITIOX
•tS IT SEPTEI0ER 20, 1025
SSETS
hon-currenc Asst(s PLOs and eguipmajt InMgiblc ssscu
kight ofuse «ssets Long Tern InvcstnjcntS
Tmdc dtbz
Pstkaging materi:d
Shori Icrm loans md odvanw
Short lcrm deposits, pttp yjjjtjjt rind advance iyypq
DuC horn related party
Tot rcPund due frf;m Ciovtmment Cash and b balances
TOT IL tS5ETS
EQUITY AND LIABILITJES
siianc cverrxL .ID RESERVES
I uth0rized Shere Cspltzl
50.000,000 ordinary shores or Rs.I0f- euch
(2025: 50,000,000 ordinary Khans ofRs. 10/- cach)
Zssued subscr bell and pA up 5h 27,428,430 ordinary shares ofRs 0/ cach
(2025: 27,428,430 ordinary shares oFRs. l0/- csch)
fully paid in cash
Share Premium
Rev;iluntion surplus on property. plAnt & equipment
Current mabllilics
Tnid• «nd oihcr part ^
Provis on for la.xntion
Coeliagcnclcs and C0mml!^*n!*
September 30, 20ZS
1J4,49J,221 | 151,63 I I |
214,819,783 | |
49,231,370 | Ss,3lJ,2d8 |
lS,87J.PPE | 18,988,574 |
48.984.96 | 48 4l t7 |
5
7
8
9
49_,228,000
7I460,78
3j09jT0
39S47.£60
I2 â6,449W0
20,183,7J I
58B
12 38 583 208
B67.343, l28
1.359.773,128
TOO.000.000
271,284J00
402/28,B68
29,392,896
378.349.0-11
1,061,535, POS
3t,169,09I
12,690,400
193,506,067
26,492,dIO
11,559,655
23 l,5s8,532
1,359.773.128
Rupres
494,978,937
69I.7!9,76I
4,'t03, 109
37183,300
60,761,543
48373
67J,396
853,929,882
IJ4B.908.g39
500,000.000
274,284,300
402,328,868
31,221,482
361,385,448
l,069J0,098
3943 1762
l9.g8g 4
57.SI l.996
I65,l06.42s
23,002,864
3*.067.456
Z22,l76.7J5
I.346.905.839
Head Office:
Bunglovv No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi,
+92-21-111-258339
Regional Office - Central
158-5, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.
Regiona
Building # 2A, Airport Link Road, Chaklala, Rawalpindi.
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BLUE-EX LlittlTED
CONDENSED UNCONSOLIDATED INTERliN1 5TATEtNIENT OF PROFIT OR LOSS
FOR THE PERIOD EhDED SEPTE6F BER 30, 2025 (UN-AUDITE D)Note
For the Quarter En4ed5rptembcr 30, 2025 September 30, 2024
——Rupees . ---
Income - courier 2nd allied services
tnttmalionaJ freight Commission income
Cost of revenue
General and administrative expenses MatLeting end selling expenses Impairment of financial essct
Operating profit Other income
Finance cosfs
« b‹r•rc income t3x and final Fax
Final to-xcs - levies Profit before income tax Toxntion
Earning per share - besic & diluted
2g9,473,S16
g?180,217
S5,594
291,749,322(21 I,607,333)
80,141.919
(60,868,788)
19,273,20 I
1,540,246
(2,846,129)
17
18
( 1,305,883)
I 7,967,318
19 (2,341,J76)
15,625,842
(290,835)
I J,33S,007
30 0,56
I 8J,35l,425 47,575,235
64,36
232,99t02?
(164,864,7J8)
68,426,264
51,262,183)
(I,64l,342)
(s2,g0s,52S)
I 5,522,739
3,683,050
(2,639,184)
1.023.866
16,346,605
(1,862.257)
14,684348(2,936,258)
I 1,748,090
0.43
The annexed noles from I to 26 form nn intei;ral part of these financial statements.
Head Office:
Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.
*92-21-111-258339
Regional Office - Central1 88-S,Quade.Azam industrial Estate, Kot Lakhpat, Lahore.
Regional OMce — North
Building # 2A, AirpoK Link Road, Chaklala, Rawalpindl.
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Head OMce:
Bunglow Np. 5, Bangalore Town, Shahrah•e-Faisal, Karachi.
+92-21-111-Z58339
158-5, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.
Regional Office - Morth
Buildlrig6 2A. Airport Link Road, Chaklala, Rawalpindl.
boluLeo“
U P alien - ROUA Amnrtizahon ofInixnyiblm Prot'ision for ECI.
F•r tâ• Qaautr E•de4 53IX SsPl•M6*r 30•
I 3,967.3IS
6. t9S.?0S |
lg,976.JSP
TroJc Jchls Pa*ay ng klotcrial
Shon ecrm loci» c‹J adences
Short Icm dcpusIs and prcpaymcnts Due t?om related party
Inrreaso/(Docnase) lis curzcal llablllttcs
j0
(2J.663.867} | |||
1.193.639 e74eO | 17l9.633 734,733 (6I7,dM1 |
iz
(4.527,965)
3L4I7,S07
(20 66S.945)
Tmdc and other psabIo
CASH F'LOS’ Fttott I*s¥’ESTthC ACTIVITIES
Pa›mms for acquisic on of progeny*. plant atxt equipment Lony mcm depasis
Long Tern In cs mrnis
Paymrnis lor acquisil on of Intangible aocts
18 T807. 1)0
20.756,633
(I1,065.057)
f1IJ7.579 |
(I I 748.992)
hct cash does usrJ i4 te€stiag ccMs itim
CASH FLOW iYO0l Ftf'tñdSClNC AETIY1TI£S
diet tdccm) f Increase in cAsh Grid c h equivnleitu
(I I.7t8.W2)
!* I6 6t3.53 l1
(14.372.9Z5)
nets
q :
(S.719.I331
"""“’
Comm end cosh equivalents or ihr b niv• a•rii=r•nsi
Cesh wrd ccli equivalents ai thr end of thr prriod
35.6S0.M6 1 tg.822;6St
39.396.796 0
The uincscd noto from I la 26 finn an inrzgml put of these timricid sicicmcnis
Head Office:
Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.
+92-21-1 1 1-258339
Regional Office - Central58-5, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.
Regional office - Nonh
Buildlng 4 2A, Aifpon Link Road, Chaklala, Rawalpindi.
BIiP-EX LIrHited (Fur flier Iy UiJiversal Network Systems Limited)
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Long tern dgxs k Long Tern In eo«cnis
Curmnt cs«e¥s
4,40.1,ltN 1o,e7t.431 7g,IJ8,W4
Trade Debts
stun unit 8cIm u. yrcp•›mmu and aJ›an« inc«xr t«x
Tax rctmd dvc From 0o•wrtmcnt
Sltam ccplla) and kcs€n‘rs
S0,0tXl,000 onJinary shores ol“ Rs.IO/- cach
I*026: 50,0m,000 online' shares ofIts. t0/• e«tlñ
famed, subserlbed tnd pald up shirr ea illal’ 27,428,430 ordinary shares ef Rs. /• csch
1.26l,9b7,R3
174,2£4,t00
404,328,868
3â3,76l,729
(2075: 27,428,430 ordinar}' sharm ofRs. 10/- c4clt) fully patd in cash
Share Premium
Revaluation surplus on property', plani •t cquipInm u« propri4tcd pmfit
Noa-curmnt ll»bllltlci
Current liabilities Tmdc an4 other payables
Curzmi portion lease liabilities Shen-ienn finuici«g Pmvision for taxation
t4
The annexed notes fiom I ie 2i. Conn an Intzgrat part of these ftna«cid anttnxnts.
Head offlce:
Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.
+92-21-111-258339
Regional Office - €antral
58-S, quNdeAom ndmNa Estate, Kot Lakhpat, tahow.
R a ORtte - North
& ng ¥ 2A, Alrpnr't Lltik had, Chakl. la, Raw‹ilptnrll.
RI‹ e-EX Lit II[L°c1 (Julmat ly Um iv i s.iI Nc*twurk Systems L i»it‹’‹t)
.. . ....... ...... . . .. . -- —. . - . ... .. . . .. .. . . .. . .
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BLUE-EX LIMITED
CONSOLIDATED STATE6IENT OF PllOFlT OR LOSS
FOR THE PERIOD ENDED SEPTENIBER 30, 2025 (Un-Audited)
For the Quarter Ended September September
2 0 2 5 2 0 2 4
Rupees-
Income - courier and allied seances | 249,473,516 | 187,80 1,2 l5 | |
International freight Commission income | 70,840,445 I6,SI4,934 336,828,895 | 8 I ,094,714 2l,5l9,0d4_ 290,414,993 | |
Cosi of sales - courier and allied services | (206.137,026) | (166,758,764) | |
130,69I,869 | 123,656,229 | ||
Generui and administrative expenses Marketing rind selling expenses | (g5,a24,356) (4,027,360) | (89,422,4 t6) (6,042,413) | |
Impairment of financial asset | (1,713.450) | ||
(101,365,166) | (95.464,829) | ||
Operat I^8 Pf0fit | 29,326,703 | 28,191,400 | |
Other income Other Expense | l,848,2B2 | 4,100,863 | |
Finance costs | ( 10,337,161) | (10.916,621) | |
(8,488.879) | (6,715.758) | ||
Profit before income tax and final tax | 20,837,824 | 21,475,642 | |
Pinal faxes - levies | (2,341,476) | (1.862,257) | |
Profit before income tax | 18,496,348 | 19,613,385 | |
Taxation Profit after tax | ( 1.038,301) 17,458,047 | (436S,6?9) I 5,27706 |
Earning pcr share - basic & diluted
l5 0.64
0.s6
The annexed notes from I to 21. form an integral part of these financial statements.
Head Office:Bunglow No. 5, Bangalore Town, Shahrah-e-Faisal, Karachi.
*9Z-21-111-258339
Regional Office - Centralj 58-5, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore.
Regional Offite - NortfiBuilding # 2A, Airpon Link Road, Chaklala, Rawalpindi.
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Head Office:
Bunglow No. 5, Bangalore Town, 5hahrah-e-Faisal, Karachi.
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+92-21-111-2S8339
Regional Office - Central
158-5, guaid-wAzam lndustñal Estate, Kot takhpat, I.ahore.
Regional Offica - North
Building # 2A, Airport Link
Road, Chaklala, Rawalpindl,
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Depreciation ROUA Ancrtir•alioit of 1nlangiblcs Prox'ision "o ECL
Finance costs
LOSs / (Gain) oil sale ofpropcrt}' mtJ «quipn end
Note
Sep 30, 2025
tUn-itudlicd)
20.637,824
9,189,4 14
6,082,898
1.713,450
(499,000)
21.475,642
9,067,72g
6, 198,705
1,710,855
10,916,621
Lnss/tGain) on foreign currency c.xc1›ongu• Cash fIovs from opernliag oct{yilies
(Incrrnsc)/ decrease In current usscis
Tmdc debts
Pack8ginp h1at«rial
SIrt term loans anJ atlvailcus
I 68.465 5o,009,496
Incrr:tee/(DctrctcSe) in currcnf liuailities Tmdc and olftcr payat+los
574.882
(IB.654,7l B) | 50,733,864 |
I, t93,639 | (992,3B8} |
I8,27'I,86 | (17,280. I67) |
(238.900) | 674.027 |
50,584,378
(3.387,446)
33,135.336
Due to rcinlcJ p•1rtics
(3.387.446) 53.053.739
47. 196,932 l33, I 30,07 I
income tax pail Fincnct cost pail
Nel cnsh (used)/gencralcJ in opernling cclivilics
c. sIt FLO v mon iñ’ESTlNC ACTlvlTlES
( 29 ) 20.02 )
( 7 0.9 62 t7,730,516 t04,2I2,407
Pr0p0rl 0r1d cquIpnlcnI’S
IntangiblEs
Sale proceeds fr0nl property and equipment
Long lzrm dcpos its Long Tern Investments
Net casjl flows used iit invesliiig actix'iiies
C4Sil FLOIY ۥRO't I FINANCING ACTIVITY His
3.I 00,000
8.B23.g92)
8,906,524
(4,847, 71)
[7,309,000)
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(281,000)
(2, 137.579)
(t4.774.750)
89,437.657
eel cash flo +'s generated from financing octivitics
6,802,784 (1 i7,324,944)
)2 (t3,6t0.85Z) (8IB&,950)
16,808.0681 (125,511, &94)
Net td•cicnse) f increase in cash and | 2,098,436 | (36,074,237d | |
c«sh c«J c I› cqu‹v»lrno al th* beginning | 63,020,777 | 159.387.052 | |
Casl› and cash cquivaIci›is at li c vnd ofd c y*riod | 65, 1.9,233 | I23,Jl2.BJ 5 | |
cash anJ bonk balances | G5,l 19,233 | 123.312,815 |
1 2.3 8
The aartexcd notes Front t tp 2I. Tom ao iijicgnil pan of these financial sistem nts.
Head OMce:
Bunglow No. 5, Bangdlore Town, Shahrah-e-Faisal, Karachl.
+92-21-111-258339
Regional Office - Central
t58-S, Quaid-e Azam Industrial Estate, Kot Lakhpat, Lahore.
Regional Office - North
Blue-EX Limited (Formerly Univer sat Netvv ork System s Limiteel)
Bullding # 2A, Airport Link Road, Chaklala, Rawalplndi.
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