B.R.R. Guardian Limited
The General Manager Pakistan Stock Exchange Ltd. Stock Exchange Building Stock Exchange Road Karachi.
October 27, 2025
Sub: Financial Results of BRR Guardian Limited For the 1st Ouarter Ended September 30, 2025
Dear Sir,
We have to inform you that the Board of Directors of BRR Guardian Limited (BRRGL) in their meeting held on Monday October 27, 2025 at 9:00 AM at 20* Floor, B.R.R. Tower, Hassan Ali Street Off: I.1. Chundrigar Road Karachi recommended the following:
CASH DIVIDEND -NIL-
RIGHT SHARES
BONUS ISSUE
-NIL-
-NIL-
AND/OR
ANY OTH ER ENTITLEMENT/CORPORATE ACTION
AND/OR
ANY OTHER PRICE-SENSITIVE INFORMATION - NIL -
The Standalone & Consolidated Financial Statements of BRRGL are attached.
The Quarterly Report of the Company for the period ended September 30, 2025 will be transmitted through PUCARS separately, within the specified time.
Yours Sincerely,
SyeTdfarq Masood Chief Financial Officer
Cc,
The Commissioner Securities Market Division
Securities & Exchange Commission of Pakistan Islamabad
20th Floor, B.R.R. Tower, Hassan Ali Street, Off. I.I. Chundrigar Road, Karachi-74000.
Tel: (92-21) 32270181-6, 32602401-6 E-mail:brr@firstdawood.com
BRR GUARDIAN LIMITEDCONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2025
(Un-audited) (Audited)
September 30, June 30,
2025 2025Note ------- -(Rupees)----------
ASSETS
NON CURRENT ASSETS
Property, plant and equipment
4
129,094,073
I21,781,337
Investment properties
891,956,062
893,863,130
Long-term investment
6
43,054,009
43,054,009
Long-term musharaka finances
4,107,352
4,804,086
Long-term loans, advances and deposits
3,940,336
4,013.472
TOTAL NON CURRENT ASSETS
1,072,151,832
1,067,516,034
CURRENT ASSETS
Loans, advances and prepayments
55,097,564
12,408,953
Current portion of musharaka finances
6,483,294
7,399,755
Accrued profit
225,786
659,692
Other receivables
65,455,822
54,180,238
Tax refund due from government - net
24,176,872
32,140,455
Short-term investments
7
5,352,iss, og
3,v52,039,314
Cash and bank balances
2,954,964
3,S76,895
5,506,550,210 4.062.405,302
TOTAL CURRENT ASSETS
5,506,550,210
4,062,405,302
TOTAL ASSETS
6,578,702,042
5,129,921,336
EQUITY AND LIABILITIES
CAPITAL AND RESERVES
Authorised share capital
140,010,000 (2024: 140,010,000) shares of Rs. 10/- each
1,40t,i00,000
1,400,100,000
Issued, subscribed and paid-up share capital
950,084,890
950,084,890
Capital Reserves
8
2,751,923,137
2,285,340,042
Revenue Reserve
8
1,946,454,645
1,182,757,089
5,648,442,672
4,418,182,021
LIABILITIES
NON CURRENT LIABILITIES
Deferred tax liability 588,363,097 386,309,010
TOTAL NON CURRENT LIABILITIES588,363,097
386,309,010
CURRENT LIABILITIES
Securily deposits
Creditors, accrued and other liabilities Unclaimed dividends
TOTAL CURRENT LIABILITIES91,519,672
90,354,172
212,338,701
196,814,978
38.261.155
38,037,900
341,896,273 325.430,305
TOTAL EQUITY AND LIABILITIES
CONTINGENCIES AND COMMITMENTS
6,578,702,042
9
5,129,921,336
The annexed notes from 1 to 14 form an integral part of these condensed interim financial information.
DIRE R CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
RnR c ARDIAN LIMITED
CONDENSFD INTERIM STATEMENT OF PROFIT OR LOSS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 (UN-AUDITED)
September 30,
2025
September 30,
2024
Note
Rupees
Rental Income
81,237,372
70,227,13 2
Adrrhii istrative and operating expenses
(53,447,267)
(44,785,835)
Depreciation
(lâ,455,603)
(17,716,492)
Loss allowance
(925,250)
Operating profit
8,409,252
7,724,8fi5
Other income
20,527,905
17,315,758
Investment iiicoiiie
10
900,197,997
19,476,53d
Finance costs
I'rofit before income tax and levy
Levy - final tax
f'rofit before income tax! ncoirc tax
(8,254) (187,026) 929,126,898 44,33t),tl75
(533,411) (274,229) 928,593,487 44 055,546
11 (163,602,430) (1 II 965,7C6)
Profit after taxation
Earnings per shares - basic and diluted
. 7.6.2.99.1..*.0..:.5..7... .
3'›' ONO 0fi0
The annexed notes from to l4 for in an integral part of these condensed interim financial information.
DI
OR
CHIEF EXECUTIVE OFFICER CHIEF FINAN IAL OFFICER
BRR GUARDIAN LIMITED
CONDENSEI3 INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
(UN-AUDITED)
September 50, Septem her 30,
2025 2024
Rupees
Profit alici taxation 762,991,057 33,090,050
Other comprehensive income
Unrcolized sain/ (loss) on revaluation of
fair value through OCI investments - net of deferred tax Totul comprehensive income
467,269,594 (13,885,71ñ)
1,230,260,651 19,204,364
the annexQk flO*QS flow 1 to 14 form an integral part of these condensed interim financial infornaaiion.
DI
CHIEF EX ECUTI VE OFFICE R CH IEF FINANC IAL OFFICERBRR GUARDIAN LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOW
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025t (UN-AUDITED)
September 30, September 50,
2025 2024Rupees
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation
Adjustment for non-cash and other itemsDcpreciation
Credit loss allowance
Gain on disposal of property and equipment - owned Profit on murabaha, musharaka
Financial charges
Profit on debt securities Rental income
Gain / (loss) on sale of investments
Unrealised gain on revaluation of FVTPL investment
929,126,89B44,330,075
t8,455,603
17,716,492
925,250
(2,759,038)
(82,146)
(470,055)
(2,563,545)
8,254
187,026
(62,843)
(452,332)
(81,237,372)
(70,227,132)
(54,821,440)
256,140
(843,185,496)
(17.497,171)
(Increase) / decrease in current assets Loans, advances and prepayments Accrued profit
Other receivables
(963,147,137) (72,662,668)(42,688,611)
14,501,434
966,804
3,563,256
(7,346,393)
(9.174.693)
Increase / (decrease) in current liabilities Creditors, accrued and other liabilities Security deposits
Rentals received in advance -net Accrued profit on borrowings Levies and income tax paid
(49,068,200)8,889,997
Net cash generated from operating activities
79,423,563 50,050 369(3,664,876) 30,607,7737,230,263
(11,633,820)
1,165,500
972,100
79,435,925
61,423,849
(8,254)
(IB7,026)
(8,399,871)
{524 734)
CASH FLOW FROM INVESTING ACTIVITIES
Addition to property and equipment - owned Addition to capital work in progress
Proceeds from the disposal of property apd equipment - owned Investments disposed - net
Musharaka finances
Long-term loans, advances and deposits Net cash used in investing activities
3,266,200(16,812,800)
(20,150,860)
(9,024,904)
4,735,471
136,100
23,607,352
(23,864,219)
687,945
20,226,3 71
73,136
97,020
(23,555,588)
CASH FLOW FROM FINANCING ACTIVITIES
Profit paid to certificate holders
Net cash generated from financing activities
(22 25fi)
(223,255)
Net decrease in cash and cash equivalents | (621,931) | 7,052,184 |
Cash and cash equivalents at the beginning of the period | 5,576,895 | 9,401,705 |
Cash and cash equivalents at the end of the period | 2,954,964 | 16,453,889 |
The annexed notes fro 1 to 14 form an integral part of these condensed interim financial information.
DIRE CH lEF EXECUTIYE OFFICER CHIEF FINANCIAL OFFICER
BRR GUARDIAN LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
(UN-AUDITED)
Issued, | C' | ital reserve | Revenue reserve | ||
subscribed and paid-up | Capital reserve - | Surplus on revaluation of | Accumulated | Total | |
share capital | Merger Reserve | FVTOCI | Profit | ||
investment | |||||
------------ ------- •----------Rupees------------------- -------------------
balance as at July 01, 2024 | 950,084,890 | 1,150801,550 | 88t,7O3,899 | 579,496,764 | 3,542,087,103 |
Profit for the three months ended September 30, 2024 | 33,090,080 | 33,090,080 | |||
Other comprehensive inrome | (13,885,716) | (13,8d5,716) | |||
(13,885,7 16) | 33,090,080 | 19,204,364 | |||
Dividend for the year ended June 30, 2024 @ 0.50 per share Transfer of gain on disposal of fair value through OCI investments | - (1,372,51 II) | (47,504,245) l57?,)l8 | (47,504,245) - | ||
Balance as at September 30, 2024 | 950,084,890 | 1,130,80 550 866,445,665 | 566,*55{17 | 3,515,787,222 | |
Balance as ct .luly 01, 2025 | 950,084,890 | 1,130,801,550 | 1.154,538,492 | 1.182,757,fi89 | 4,418,182,021 |
Profit for the three months ended September 30, 2025 | 762,991,057 | 762,991,057 | |||
Other coin prehensive income | 467,269,594 | 467,269,594 | |||
467,269,594 | 762,991,057 | 1,230,260.651 | |||
Transfer of gain on disposal of fair value through OCI investments | • | (686,499) | 686,499 | ||
Balance as at September 30, 2025 | 950,084,890 | 1,130,801,550 | 1,621,121,587 | i,946,434,645 | 5,648,442,672 |
'the annexed notes from 1 to 14 form an integral part of these condensed interim financial infonation.
DI
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
BRR GUARDIAN LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2025
(Un-audited) (Audited)
September 30, June 30,
129,094,073 | l21,781,337 |
891,956,062 | 893,863,130 |
4,107,552 | 4,804,086 |
4,240,336 | 4,313,472 |
2025 2025
Note -------(Rupees)----------- | ||||
ASSETS | ||||
NON CURRENT ASSETS | ||||
Propei , plant and equipment | 5 | |||
Investment properties | 6 | |||
Long-term musharaka finances | ||||
Long-term loans, advances and deposits | ||||
TOTAL NON CURRENT ASSETS | 1,029,397,823 | 1,024,762,025 | ||
CURRENT ASSETS | ||||
Loans, advances and prepayments | 55,097,564 | I2,408,953 | ||
Current portion of musharaka finances | 6,483,294 | 7,399,755 | ||
Accrued profit | 225,786 | 659,692 | ||
Other receivables | s$,4ss,g2z | 54,399,629 | ||
Tax refund due from government - net | 24,233,893 | 32,172,144 | ||
Short-term investments | 7 | 5,928,sll,231 | 4,331,162,707 | |
Cash and bank balances | 3,125,367 | 4,216,353 | ||
6,083,132,957 4,442,419,233 | ||||
TOTAL CURRENT ASSETS | 6,083,132,957 | 4,442,419,233 | ||
TOTAL ASSETS | 7,112,530,780'* | 5,467,18 I ,258 | ||
EQUITY AND LIABILITIES | ||||
CAPITAL AND REiSERVES | ||||
Authorised share capital 140,010,000 (2024: 140,010,000) shares of Rs. 10/- each | 1,400,100,000 _ | ] 400,}00 000 | ||
Issued, subscribed and paid-up share capital | 950,084,890 | 9f0,084,890 | ||
Capital Reserves | 8 | 3,219,831,294 | 2,574,104,179 | |
Revenue Reserve 8 2,012,151,017 1,231,136,234
LIABILITIES
NON CURRENT LIABILITIES
6,182,067,2014,755,325,303
Deferred tax liability 588,363,097 386,309,010
TOTAL NON CURRENT LIABILITIES 588,363,097
386,309,010
CURRENT LIABILITIES | |||
Security deposits | 91,519,672 | 90,354,172 | |
Creditors, accrued and other liabilities | 212,542,910 | 196,931,618 | |
Unclaimud dividends | 38,037,900 | 38,261,155 | |
TOTAL CURRENT LIABILITIES | 342,100,482 325,546,945 | ||
TOTAL EQUITY AND LIABILITIES | 7,112,530,780 5,467,181,258 | ||
CONTINGENCIES AND COMMITMENTS | 9 | ||
'the annexed notes from I to 15 form an integral part of these condensed consolidated interim financial information.
DIR CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
HRR GUARDIAN LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025
(UN-AUDITED)
September 30, September 30,
202o 2024
Note ------------------- Rupees ----------------
mental Income | 81,237,372 | 70,227,132 | |
Adm inistrative and oper ating expenses | (53,505,.511) | (44,7fifi,829) | |
Uuprc iat iL›t | (15,455,603) | (17,716,492) | |
Loss a1lu»"ance | (925,250) | ||
Operating profit | g,351,008 | 7,721,811 | |
Other income | 20,527,903 | 17,315,758 | |
hrrestinelit income | 10 | 917,594,368 | 21,202.236 |
F'inance costs
l'rofit before income tax and levy
Levy - finat tax
Profit before income tax
Incorne tax
(9,154) (189,441) 946,464,125 46,050,364
(533,411) (274,229) 945,930,714 45,776,135
11 (165,602,430) (10,965,766)
l*rofit after taxation
78.0.,*3.."2"8,'284
-. .3..4.:.8..10.'.3.69
Earnings per shares - basic and diluted 8.21 0.37
The annexed notes front 1 to 15 form an integral part of these condensed consolidated inter tin financial intoriiiation.
INIREC R
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
BRR GUARfIIAN LIMITEDCONSOLIDATED CONDENSED INTERIM S"FATEMENT OF COMPREHENSIVE INCOME FOR THE THItEE MONTHS ENDED SEPTEMBER 30, 2025
(UN-AUDITED)
September 30, September 311,
2025 21124
Rupees
Profit alter taxation
Other comprehensive income C'nrealiz•* Main/ (lossj on revaluation of
fan value through OCl investments - net of deferred tax
Motnl comprehensible income
780,528,254 34,810,369
1,426,741,898 55.791,035
the ai:ne.‹ed notes front 1 to 15 fonn an integi al part of these condensed consolidated iritcrina financial information.
DIhE
CHIEF EXEC U J'IV E OFFIC ERCHIEF FINANC IAL OFPICER
BRR GUARDIAN LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOW
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025(UN-AUDITED)
September 30, September 30,
2025 202418,455,603 | 17,716,492 |
925,250 | |
(2,759,038) | (82,146) |
(470,055) | (2,563,545) |
9,154 | l89,441 |
(62,843) | (452,332) |
(81,237,572) | (70,227,132) |
(54,934,671) | l79,075 |
(860,305,929) | (19.063.051) |
(42,688,611) | 14,501,434 |
966,804 | 3,563,256 |
(8,052,979) | (10 552,000) |
Rupees
A CASH FLOW FROM OPERATING ACTIVITIES Profit before taxation | 946,464,125 | 46,050,364 | |
Adjustment for non-cash and other items | |||
Depreciation | |||
Credit loss allowance | |||
Gain on disposal of property and equipment - owned | |||
Profit on murabaha, musharaka | |||
Financial charges | |||
Profit on debt securities | |||
Rental income | |||
Gain / (loss) on sale of' investments | |||
Unrealised gain on revaluation of FVTPL investment | |||
(980,379,901) | (74,303,195) | ||
(Increase) / decrease in current assets | |||
Loans, advances and prepayments | |||
Accrued profit | |||
Other receivables | |||
Increase / (det:rease) in current liabilities | (49,774,786) | 7,512,690 | |
Creditors, accrued and other liabilities | |||
Security deposits | |||
Rentals reccived in advance -net | |||
Accrued profit on borrowings | |||
Levies and income tax paid | |||
86,576,592 | 50,025,724 | ||
Net cash generated from operating activities | 2,886,031 | 29,285,582 | |
B CASH FLOW FROM INVESTING ACTIVITIES | |||
Addition to property and equipment - owned | (16,8l2,8II0) | (20,150,860) | |
Addition to capital work in progress | (9,024,904) | ||
Proceeds from the disposal of property and equipment - owned | 4,735,471 | 36,100 | |
Investments disposed - net | 16,587,390 | (21,877,896) | |
Musharaka finances | 687,945 | 20,226,371 | |
Long-term loans, advances and deposits | 73,136 | 97.020 | |
Net cash used in investing activities | (3,753,762) | (21,569,260) | |
C CASH FLOW FROM FINANCING ACTIVITIES Profit paid to certificate holders | (22 255) |
14,270,435 | (11,642,880) |
1,165,500 | 972.100 |
79,575,0J 5 | 61,423,849 |
(9,154) | (189,441) |
(8,425,203) | (537 904) |
Net cash generated from financing activities (223,255)
Net decrease in cash and cash equivalents
(1,090,986)7,716,317
Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period
9.425,963
17_.142.280
The annexed notes from 1 to 15 form an integral part of these condensed consolidated interim financial information.
DT CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
BRR GUARDIAh LIMITEDCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE THREE IIONTHS ENDED SEPTEMBER 30, 2025
q$pt•q and paid-up share capital | Capital reserve | Bevenne reserve | T0tAl | |
Capital reserve -Merger Reserve | revaluation of FVTOCI investment | Accumulated Profit | ||
(UN-AUDITED)
------- | ----Rupees-------------------• ------------------- | |||||
Balance as at .IuIy 01, 2024 | 950,084,890 | !,130,8O1,SSO | 1088,115,534 | 596,040,381 | 5,765,042 355 | |
ProfR for the three months ended September 30, 20a4 | 34,810,369 | 34,810,569 | ||||
t3thcr comprehensive income | 20,980,666 | 20,980,666 | ||||
LJividcnd for the year ended June 30, 2024 @ 0.50 per share | 20,980,666 | 34,810,369 (47,S04,245) | 55,791,035 (J7,504,245) | |||
Transrer ot' gain on disposal of fair value through OU investments | (1,172,518) | 1,372,5 18 | - | |||
Balance as at September 30, 2024 | 950,084,890 | 1,330,801550 | 1,107,723,682 | 584,719,023 | 3,773,329,14.5 | |
Balance as at Jply 01, 2025 | 950,084,890 | 1,130,801,550 | 1,443/02,629 | 1,23t,136,234 | 4,755J25,303 | |
Profit for the ihree months ended September 3G, 2025 | /80,328,284 | 780,328,284 | ||||
€?ther ccmpr*hensiv* income | 646.413,614 | 646,J13,614 | ||||
646,413,614 | 780,328,284 | T,426,741,898 | ||||
Transfer of gain on disposal of fair value through OCI investments | - | (686,499) | 686,499 | |||
Balance as at September 30, 2025 | 950,084,890 | 1,130,801,550 2,089,029,744 | 2,012,tfi1,0t7 | 6,t82,067,20f | ||
The annexed notes from I to 15 form an integml part of these condensed consolidated interim financial information.
DDR
cniEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER