B.r.r. Guardian LimitedPSX: BRRG

Financial Results of BRR Guardian Limited For the 3rd Quarter Ended March 31, 2025

· Issued by B.R.R. Guardian Limited


B.R.R. Guardian Limited

The General Manager Pakistan Stock Exchange Ltd. Stock Exchange Building Stock Exchange Road Karachi.

April 25, 2025

Sub: Financial Results of BRRGuardian Limited For the 3" Quarter Ended March31. 2025

Dear Sir,

We have to inform you that the Board of Directors of BRR Guardian Limited (BRRGL) in their meeting held on Friday April 25, 2025 at 5:30 p.m. at 20* Floor, B.R.R. Tower, Hassan Ali Street Off: I.I. Chundrigar Road Karachi recommended the following:

CASH DIVIDEND -NIL-



  1. RIGHT SHARES

  2. BONUS SHARES -NIL-

    AND/OR

  3. ANY OTHER ENTITLEMENT/CORPORATE ACTION -NIL-

    AND/OR

  4. ANY OTHER PRICE-SENSITIVE INFORMATION -NIL-

The financial statements of the company (Standalone along with Consolidated are attached)

The Quarterly Financial Statements (Quarterly Report) of the Company for the period ended March 31, 2025 shall be transmitted through,PUCARS separately, within the specified time.

Yours S' cerely,



Syed Tariq Masood

Chief Financial Omcer

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 LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

AS AT MARCH 31, 2025

ASSETS

Non Current Assets Property, plant and equipment Investment properties

Long-term investment

Long-term musharaka finances

Long-term loans, advances and deposits

(Un-audited) (Audited)

March 31, June 30,

2025 2024

Note (Rupees)

115,843,272

105,228,878

893,237,658

926,140,87 I

43,054,009

43,054,009

5,542,548

I5,406,983

4,114,195

4,392,927

4

5

6

1,061,791,682 1,094,223,668

Current Assets

Loans, advances and prepayments Current portion of musharaka finances Accrued profit

Other receivables

Tax refund due from government - net

Short-term investments Cash and bank balances

7

21,411,559

27,593,568

8,820,270

29,286,221

83,831

883,745

61,268,687

49,970,66 I

40,189,578

61,878,796

3,854,0t0,943

2,854,439,780

5,l 16,741

9,401,705

3,990,901,609 3,033,454,4 76

3,990,901,609

3,033,454,476

TOTAL ASSETS 5,052,693,291 4,1 27,678,144

EQUITY AND LIABILITIES

.Capital and reserves

Authorised share capital

140,010,000 (June 30,2024: 140,010,000) shares of Rs.

10/- each

1,400,100,000

1,400,100,000

Issued, sibscribed and paid-up share capital

950,084,890

950,084,890

Capital Reseaes

2,304,591,849

2,012,505,449

Revenue Reserve 1,128,706,291 579,496,764

TOTAL EQUITIES

4,383,383,030

3,542,087,103

Liabilities

9,800,383

9,800,383

156,844,077

202,980,693

38,261,154

36,826.944

Non Current Liabilities Long-term security deposits Deferred tax liability

(Un-audited) (Audited)

March 31, June 30,

2025 2024

80,150,539

73,437,789

384,254,108

262,545,232

Note --------------(Rupees)--------------

464,404,647

335,983,021

Current Liabilities

Current portion of security deposits

Creditors, accrued and other J1abilities

Unclaimed dividend / Dividend payable

TOTAL LIABILITIES

204,905,614 249,608.020

Contingencies and commitments

8

TOTAL EQUITY AND LIABILITIES

5,052,693,291 4.127,678,144

TOR



CHIEF FIN CTAL OFFICER



The annexed notes form an integral part of these condensed interim financial information



CHIEF EXECUTIVE OFFICER

BRR GUARDIAN LIMITED

CONDENSED INTERIM STATEMENT OF PROPiT OR LOSS (UIN-AUDITED) FOR THE NINE MONTHS AND QUARTER ENDED MARCH 31, 2025

Nine Months Ended Quarter Ended

Note

I4srch 3t, Ivlarch 3t,

216,961,431

23ti,937,909

76,170,430

78,180,865

(150,015,169)

(141,244,814

)

(47,502,441)

(41.499,084)

(53,284,426)

(43,782,751)

(17,827,698)

(14,861,596)

105,422

116,573

180,958

2035 2024

March 31, March 3I,

2025 2024

Rental Income

Administrative and operating expenses

Depreciation

Expected rzedit loss allows-»‹

Operating profit

13,767,258

46,026,917



21,820,185

Other income

24,596,798

53,861,770

10,689,927

12,115,430

Investment income

9

671,612,492

173,593,522

(242,432,671)

(68,110,065)

Finance costs (608,131) (20.031,658) (10,664) (7.938,522)

I*rofit / (Rosa) before iocome tax and ley

709,368,417

253;450,551

(220,732,159)

(42.112,972)

Levy - finai tax

(2,496,609)

t!,503,345)

(588,971)

(435,186)

Profit / (lost) before income UE

706,871,808

251,947,206

(221,321,130)

(42,548,158)

Income tan

10

(1tt,804,3g2)

tS1,099,406)

33,960,840

2,834,t77

Net profit / tloss) for tire perioa Earnings per sberee - basic aad diluted

595.06'7,506 200,847,800 (187.360.290) (39.713,981)

6.26

2.11

(0.42)



C IEF FIN CIAL OFFICER



The annexed notts form an integral part of these condensed interim financial information



D$ EGYOR cnzer execwwe orrzccR

BRR GUARDIAN LIMITED

CONDENSED INTERIiYf STATEMENT OF CAS H FLOWtUN-A UDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2025

Nine Months Ended

Marcb 31,

2035

March 3I,

2024

CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxation

709,368,417

253,450,551

Adjustaseat for aoa-casb aad otGer items

Depreciation Expected credit loss

Gain on disposal of property and equipment - owned Profit on murabaha, musharaka

Financial charges

Pmfit on debt securities Rentai income

Gain on saie of investments

Unrealised loss gain on revaluation of FVTPL investment

(Increase) / decrease In current assets Doans, advances and prepByments Accrued profit

Other receivables

increase / t0eerease) In current iianiuiies

(825,405,913)

53,284,426

43,782,751

(105,422)

(116,573)

(883,155)

(385,861)

(4,396,221)

(11,039,319)

534,944

20,020,958

(452,332)

(3,626,265)

(216,961,431)

(228,225,614)

(100,8t4,E83)

(70,845,419)

(555,601,839)

(85,924,921)

6,182,009

(1,460,450)

5,648,467

15,012,448

(7,829,093)

(9,855,360)

t2l,042,108)

t65,748,862)

6,712,750

2,317,250

188,397,991

202,034,235

(534,944)

(20,257,956)

(5,02t,228)

(30,700,219)

4,001,383

(336,360,263)

3,696,638

Creditors, accrued and other liabilities

Security deposits

Reuters received in advance

Accrued profit on borrowings

Income tax paid

168,511,461

87,644,448

Net caeb generated froai operating activltias



&,43l,374

CASH FLOW FROM INYESTfNC ACTIVITIES



(22,640,405)

(37,088,749)

943,820

385,865

(15,292,361)

53,169,760

30,435,808

28,039,997

278,732

(175,545)

Addition to property and equipment - owned Addition to capital work in progress

Proceéds from the disposal of property and equipment - owned Investments disposed/(purchased) - net

Musharaka finances

Long-term loans, advances and deposits

Net cash (used In) / generated frnui investing activities

CASH FLOW FROM FINANCING ACTIVITIES

(14,690,277)

21,690,923

Profit paid to shareholders

Finance under musharaka arrangement

(46,070,035)

(46,148,71 l )

3,000,000

Net cash generated from financing activities

(46,070,035)

(43,148,71 I)

Net decrease in cash and oash equivalents

(4,284,964)

(13,026,414)

Cash and cash equivalents at the beginning of the period

9,401,705

19,589,310

Cash and cash equivalents at the end of the period

5,116,741

6,562.896





The annexed o forrri an integral part of these condensed interim financial information.



DIWWOR CRIED E EWIIUE OFFICER GHIE[FE0*AHCIALOPFIC£R

BRR GUARDIAN LIMITED

CONDENSED WTER IM STATEMENT OF CHANCES IN EQU ITY (UN-A UDITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, ?02 i

Description

Tss ued,

subscribed

a nd paid -up



Cajiita I reserve

Revenue reeez•ve

Total

ñterger reserve

Surplus a»

revaluation of

Accumulated





Balance as at 3e ly 0I , 2023 950,084,890 1,130,80 1,550

814,780,886

155,902,587

3,051.569,913

Profit for the nine months ended March 31, 2024

200,847,800

200,847,800

Other comprehensive income

(20, I 27,8'70

f20, I 27.870)

Total comprehensive income For the period

(20, I27,870)

200,847,800

I80,719,930

Transfer oF revaluation surplus on disposal of

Fair value through OCI investments

Final dividend for the year ended June 30. 2023

(J,034,Sll)

3,034,5 I l

Rs. 0.50 per shares

(47,504,245)

(47,504,245)

Balance as at flared 3t, 2024 950,084,890 1, I 30,801,550

791.618,505

3 t2,280.653

3, I 84,785,598

Profit for the quarter ended June 30, 2024

247,621 ,882

247,621,882

Other comprehensive income

109,679,623

109,679,623

Total comprehensive income for tfie perio0

109,679,623

247,62] .882

357,301.505

Transfer of revaluation surplus on disposal oF

fair value through OCI investments

( I 9,594,229)

l 9,594,22 9

Balance as at July OT, 2024 950,084,890 i ,130,80 1,550

88 I,703,899

579,496,764

3,542,087, 103

Profit for the nine months ended March 3 I , 2025

595,067,506

595,067,506

Other comprehensive income

293,732,666

293,732,66b

Total comprehensive income for the period

293,732,666

595,067,506



888,800,172

Transfer of revaluation surplus on disposal of

fair value through OCI investments

(1,646,266)

t,646,26b

Final dividend for the year ended June 30, 2024 @

Rs.0.50 per share

(47,S04,245)

BnInnce as at Mnrch 31, 2025 9fi0,084,890 I ,130,80 I ,550

1, I 73,790,299

1,128,706,291

The annexed notes form an integra rt of these condensed interim financial information.

cnzer execuzwe orrrceR



CBIEFFINA CIALOFFICER



DDR

BRR GUARDIAN LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCI A L POSITION (UN-A UDITED) AS AT MARCH 31, 2025

' Note

ASSETS

Non Current Assets

(Un-audited) (Audited)

March 31, June 30,

2025 2024

--------------(Rupees)--------------

115,843,272

105,228,878

893,237,658

926, I 40,871

5,542,548

15,406,983

4,414,195

4,692.927

Property, plant and equipment 4



Investment properties

Long-term musharaka finances

23,911,559

27,593,569

8,820,270

29,286,221

83,831

883,745

61,654,711

49,970,661

41,627,872

6 I,855,162

4,205,312,766

3,120,247,476

5,388,304

9,425,963

Long-term loans, advances and deposits

Current Assets

1,019,037,673

1,051,469,659

Loans, advances and prepayments

Current portion of musharaka finances

Accrued profit

Other receivables

Tax refund due from government - net

Short-term investments

6

Cash and bank balances

4J46,799,313

3,299,262.797

4,346,799,313

3,299,262,797

TOTAL ASSETS

5,365,836,986

4,350.732,456

EQUITY AND LIABILITIES

Capital and reserves

Authorised share capital

140,010,000 (June 30,2024: 140,010,000) shares of Rs. 10/- each

1,400,100,000

1,400,100,000

Issued, subscribed and paid-up share capital

950,084,890

950,084,890

Capital Reserves

2,576,422,493

2,218,917,084

Revenue Reserve

1,170,019,342

596,040.381

TOTAL EQUITIES

4,696,526,725

3,765,042,355

Liabilities

Non Current Liabilities Long-term security deposits Deferred tax liability

Current Liabilities

Current portion of security deposits Creditors, accrued and other liabilities Unclaimed dividend / Dividend payable TOTAL LIABILITIES

Contingencies anal commitments TOTAL EQUITY AND LIABILITIES

(Un-audited) (Audited)

March 31, June 30,

2025 2024

Note (Rupees)

80,150,539

73,437,789

384,254,108

262,545,232

464,404,647 335,983,021

9,800,383

9,800,383

156,844,077

203,079,753

38,261,154

36,826,944

20J,905,614 249,707,080

7

5,365,836,986 4,350,732,4 56

The annexed notes form an integra I part of these consolidatcJ cndciJscd interim financial information

DIRECT







CHIEFEXECUTIVEOFFICER CHIEF FINANCIAL OFFICER

BRR GUARDIAN LIMITED

CONSOLIDATED CONDENSED INTERI M STATEM ENT OF PROFIT OR LOSS (U N-A UDITED) FOR THE NINE MONTHS AND QUARTER ENDED MARCH 31, 2025

Nine Months Ended Quarter Ended

Note

March 31, March 31,

2025 2024

-- -- (Rupees)

March 31, March 31,

2025 2024

Rental Income

Administrative and operating expenses Depreciation

Expected credit loss allowance-net

Operating profit

216,961,431

230.937,909

76,170,430

78,180,865

(150,196,854)

(1J 1.540,801)

(47,657,693)

(41,499,109)

(53,284,426)

(43,782,751)

(17,827,698)

(14,861,596)

l05,4t2

116,573

180,958

13,585,573 45,730,930

10,865,997 21,820, 160

Ot'her income

Investment income

24,596,798



696,567,976

53.861, 770

186,223,703

10,689,927 12, I 15,430

(236,314,885) (66,057,794)

Finance costs (612,496) (20,032,428) (11,414) (7,938,722)

Profit /( loss) before income fgx gnd levy

734,137,851

265,783,975

(214,770,375)

(40,060,926)

Leyy - final tax

(2,496,609)

(1,503,345)

(588,971)

(435,t86)

Profit / (loss) betore income tax

731,641,242

264,t80,630

(25,359,346)

(40,496,d t2)

Income tax

9

(I I1,804,302)

(5 I ,099.406)

33,960,840

2,834,177

Net profit / (Toss) for the period 619,836,940 213,18 I ,224 (181,398,506) (37,661,935)

Earnings per shares - bqsic and diluted

6.52

2.24

(1.91)

(0.40)

The annexed notes form an integral part of these consolidated condensed interim financial inform,ation.

DIRE OR







CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER

BRR G JARDIAC LIII ITED

CONSOLIDATED CON DENSED INTER I M STATE i E NT OF CAS H FLOW'(HN-AH DITE D}

FOR THE NINE MONTHS PERIOD END ED M A RCH 3I . 2025

Nine â4ou lhs Ended

2025 2024

CASH FLOW €RO$fi OPERATE NG A WIVITI ES

Profit before taxation

Adjustment for non-cqsh and other items Depreciation

Expcled credit loss

Gain on disposal oF property and equipment - ovncd Profil on murabaha, musharaka

Financial charges

Profit on debt sevuril res Rental income

Gain on sale of investments

Unrealised loss / (gain) on rcvaluation oF FVTPL

73J,lJ7,851

265,783,975



53,284,426

{40fi,d22)

{863,155) (4J96,221)

5$4,S44

t4S2.332) t2I6,96I ,43 l) ( IOI,dG3,783)

43,782.751

(116,573) t385,861) (11,039.319)

20,020,958

(3.626,265) t228.225,614) (71.l80.576)

(570N98,8I8)

t96,409.234)

(Increase) / decrease in current assets Loans, advances and prcpayments Accrued profit

Other receivables

(840,84 I ,792) (347. I 79,733)

J682,0l0 5,64B,447 (8dWJ8)

(1,460,450) I f,0l2,448 (9,955.572)

Increase / (decrease) in current liabilities Creditors, accrued and othe liabilities Sccuriy deposits



6,7I2,250

2,317,250

188,397,99 I

202,034,23 5

(534,944)

(20.257.956)

(6,484,155)

(30,973.329)

Rentals received in advance Accrued profit on borrowings Income W pad

l,1l5,J59

3,596,426

t66,950,474 87,296.04 g

9,496.7 17



(3l,0fiG,27G)

t22.640.405 j

{37,088,749)

9 3 20

385,865

l9,9J1,600)

'i2, I 32,263



28.039.997

278,7J2

(175,54I)

Set cash generated from operating acti'ities

CASH FLOCK GROUT IN VESTISG ACTT'tTI ES

Addition to propern+ and equipment - owned Addition to capital work in progress

Proceeds Tom Ihe disposal oF property and equipment - owned Investments disposed/(purchased) - net

Musharaka finances

Long-term loans. advances and deposits

Net cash tus*a in) / generated from investing activities

caSH rcoiv rRou rrsANcisc •eiiVITIES

Profit paid to shareholders

Finance under mushar8ka arrangement

(I9,329,TT6)

20,653,426

(46,070,035)

-

(46,148,711)

3,000,000



Net cash used in financing activities

Net decrease in cash and cash equi valuers

Cash and cash cquivalents at the beginning oF The period Cesh end cash equivalents at the end of the period

(46,070,03d) (d3,l48,7I 1)

(4,037,6?9) ( 12,998,568)

9,42T.963 l9.797.365

5U88,3OJ 6,798,797



Tfie exed notes Form an integral pan oF lhesc consoIi+Javed condensed in Itrim financial intormalion.





CHIEF EXECUTIVE OFFICER

CHIEF CANCZAL OFACER

BRR GUARDIAN LIMITED

CONSOLIDATED CONDENSED INTER IM STATEMENT OF CHANG ES IN EQU fTY (UN -AUD ITED) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, ?025

Description

Issued,

subscribed and paid-up shnre capital

Revenue resene





Merger reserve











950.084.890

1,130,801,550

81 I .755,623

I 52,735,220

3,045,377,283

Prof I for the nine months ended March 31. 202d

2l 3,181,224

2l 3, T8 T,224

Other comprehensive income

70,310,404

70,3 ) 0.404

Total comprehensive income for the period

70.310,4£J4

213,181.224

283,491,628

Transfer of revaluation surplus on d isposal of

fair value through OCI investments

Fincl dividend for the year ended June 30, 2023

(3,039,218)

3,039,218

Rs.0.50 per share

(47,504,245)

(47,504,245)

Balance as at March 31, 2024

950,084,890

I, I30,801,550

879.026.809

321.45 I ,417

3,2g 1,364,666

Profit For the quarter ended June 30, 2024

254,994.735



254,994,?35

Other comprehensive income

'' 228.682,954

22g,682,94

Total comprehensive income For the period

228,682,954

254,994,J35

483,677,689

TransFer of revaluation surplus on disposal ot

fair value Through OCI investments

(1 9,594,229)

I9,594,229

Balance as at July 01, 2024

950,084,890

1, I30,80 i ,550

1,088, 115,534

596.040,38 I

3,'/65,042,355

Profit for the nine months ended March 31, 2025

6T 9,836,940



Other comprehensive income

J59SSi,675

359, I? l,675

Total comprehensive income for the period

J5%151675

6J 9,836,940

978,988,6t 5

Transfer of revaluation surplus on disposal of

fair value through OCI investments

(1,646,266)

1,646,266

Final dividend for the year ended June 30. 2024

Rs.0.50 per share

(47,504,245)

{47,504,745)

Balance es et Starch 32, 2025

950,084,890

1,130,80 I,5S0

1,445,620,943

1,t 70,019,342

4,696,526,725

The annexed notes form an integral part of these consolidated condensed interim financial inFormalion.



crJteF execuzzve orrzceR





DIRWCTDR CHIEFFENANCIAL*OCFICER

Company analysis