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 Year Ended June 30, 2025
Dear Sir,
We have to inform you that the Board of Directors of BRR Guardian Limited (BRRGL) in their meeting held on October 27, 2025 at 9:00 AM. at 20" Floor, B.R.R. Tower, Hassan Ali Street Off: I.I. Chundrigar Road Karachi recommended the following:
CASH DIVIDENDThe Board of Directors has recommended the final cash dividend of Re. 0.5 per share i.e. 5%
RIGHT SHARES
BONUS ISSUE
-NIL-
-NIL-
AND/OR
ANY OTHER ENTITLEMENT/CORPORATE ACTION
(To Amend the Memorandum of Association in respect of object clause for Shariah Compliant and Articles of Association for Employees Stock Options Scheme (ESOS)
AND/OR
AT Y OTHEn RICE-SENS ITIVE INFORMATION - NIL -
The Standalone & Consolidated Financial Statements of BRRGL are attached.
The Annual General Meeting of BRR Guardian Limited will be held on Thursday November 27, 2025 at 5:30 PM at Ground Floor, BRR Tower, Hassan Ali Street Off: I.I. Chundrigar Road Karachi
The share transfer books of the Company shall remain closed from November 21, 2025 to November 27, 2025 (both days inclusive).Transfer received to our Share Registrar FD Registrar Services (Pvt.) Ltd at 1705, l7'h Floor, Saiina Trade Tower-A I.I. Chundrigar Road, Karachi before the close of business hours on November 20, 2025 will be treated in time for the purpose of above entitlement.
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
Annual Financial Statements (Annual Report) of the Company shall be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Yours Si cerely,
Syed Tariq 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' LIMITED
UNCOh'SOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30, 2025
ressed in Ru ees)
ASSETS
Non-current assets
Note 2025 2024
Property, plant and equipment Investment properties
Long-term investment
Long-term diminishing musharaka finances Long-term loans and deposits
5 121,781,337
6 • 893,863,130
7 43,054,009
8 › 4,804,086
9 • 4,013,472
106,189,179
925,180,570
43,054,009
15,406,983
4,392,927
Total non-current assets
Current assets
1,0d7,516,034 1,094,223,668
Loans, advances and prepayments | 10 | 12,408,953 | 27,593,568 |
Current portion of diminishing musharaka finances | 8 | 7,399,755 | 29,286,221 |
Ijarah / lease rentals receivable | 11 | ||
Accrued profit | 12 | 659,692 | 883,745 |
Other receivables | 13 | 54,180,238 | 49,970,661 |
Taxation - net | 14 | 32,140,455 | 61,878,796 |
Short term investments | 15 | 3,952,039,314 | 2,854,439,780 |
Cash and bank balances | 16 | 3,576,895 | 9,401,705 |
Total current assets | 4,062,405,302 3,033,454,476 | ||
TOTAL ASSETS | 5,129,921,336 4,127,678,144 | ||
EQUITY AND LIABILITIES | |||
Share capital and reserves | |||
Authorized share capital 140,010,000 (2024: 140,010,000) shares of Rs. 10/- each | 1.2 | 1,400,100,000 1,400,100,000 | |
Issued, subscribed and paid-up capital | 17 | 950,084,890 | 950,084,890 |
Capital reserves | 18 | 2,285,340,042 | 2,012,505,449 |
Revenue reserve | 19 | 1,182,757,089 | 579,496,764 |
TOTAL EQUTTY | 4,418,182,021 3,542,087,103 | ||
LIABILITIES Non-current liability Deferred tax liability | 20 | 386,309,010 262,545,232 | |
Total non-current liability | 386,309,010 262,545,232 | ||
Current liabilities | |||
Security deposits | 21 | 90,354,172 | 83,238,172 |
Creditors, accrued and other liabilities | 22 | 196,814,978 | 202,980,693 |
Unclaimed dividend | 23 | 38,2d1,155 | 36,826,944 |
Total current liabilities | 325,430,305 323,045,809 | ||
CONTINGENCIES AND COMMITMENTS | 24 | ||
TOTAL EQUITY AND LIABILITIES | 5,129,921,336 4,127,678,144 | ||
The annexed notes from l to 46 form an integral part of these unconsolidated financial statements.
CHIEF EXE
IVE OFFICER
CTOR CHIEF FIN NCIAL OFFICERUNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUh'E 30, 2025
(Expressed in Rupees)
Note 2025 2024Rental income | 25 | 303,499,606 | 324,162,837 |
Administrative and operating expenses | 26 | (214,037,573) | (210,027,802) |
Depreciation | 27 | (72,456,941) | (60,786,417) |
Credit loss allowance - net | 28 | 1,556,298 | (2,935,796) |
Operating profit | 18,561,390 | 50,412,822 | |
Other income | 29 | 32,643,885 | 72,573,428 |
Investment income - net | 30 | 733,758,245 | 441,822,956 |
Finance cost | 31 | (620,094) | (23,065,177) |
Profit before income tax and levy | 784,343,426 | 541,744,029 | |
Levy-final tax | 32 | (9,821,163) | (7,823,724) |
Profit before income tax | 774,522,263 | 533,920,305 | |
Income tax expense | 33 | (125,885,796) | (85,450,623) |
Net profit for the year | 648,d36,467 | 448,469,682 | |
Earnings per share - basic and diluted | 84 | 6.83 | 4.72 |
The annexed notes from 1 to 46 form an integral part of these unconsolidated financial statements.
CHIEF EXEC VE OFFICER
RECTOR
CHIEF FIN hCI›tL OFFICERUNCONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
(Expressed in Rupees)
2025 2024Profit after tax for the year
Other comprehensive income for the year
Items that will not be reclassified subsequently to profit or loss
Remeasurement gain on revaluation of fair value through OCI investments - net of deferred tax
Total comprehensive income for the year
648,636,467 448,469,682
274,962,696 89,551,753
923,599,163 538,021,435The annexed notes from l to 46 form an integral part of these unconsolidated financial statements.
CDIEF EXEC 'E OFFICER IRECTOR CHIEF IN 'CIAL OFFICER
ressed in Ru ees)
Description | Issued, subscribed and paid-up share capital | Capital reserves | Revenue reserve | Total | |
Merger Reserve | Surplus on revaluation of FVTOCI investment | Unappropriated Profit | |||
Balance as at June 30, 2023 | 950,084,890 | 1,130,801,550 | 814,780,886 | 155,902,587 | 3,051,569,913 |
Profit for the year Other comprehensive income | |||||
Total comprehensive income for the year ended June 30, 2024 | - | 89,551,753 | 448,4d9,682 | 538,021,435 | |
Transfer of gain on disposal of fair value through OCI investments | (22,d28,740) | 22,628,740 | - | ||
Transaction with owner of the Company | |||||
Final cash dividend for the year ended June 30, 2023 @ Rs. 0.5 per share | (47,504,245) | (47,504,245) | |||
Balance as at June 30, 2024 | 950,084,890 | 1,130,801,550 | 881,703,899 | 579,49d,764 | 3,542,087,103 |
Profit for the year ended June 30, 2025 Other comprehensive income | |||||
Total comprehensive | |||||
income for the year ended June 30, 2025 | - | - | 274,962,696 | 648,636,467 | 923,599,163 |
Transfer of gain on disposal of fair value through OCI investments | (2,128,103) | 2,128,103 | - | ||
Transaction with owner of the Company Final cash dividend for the year ended June 30, 2024 @ Rs. 0.5 per share | - | - | - | (47,504,245) | (47,504,245) |
Balance as at June 30, | |||||
2025 | 950,084,890 1,130,801,550 1,154,538,492 1,182,757,089 4,418,182,021 | ||||
- | 448,469,682 | 448,469,682 | ||
89.551,753 | 89,551,753 |
- | 274,962,696 | 648,636,467 | 648,636,467 274,962,696 |
The annexed notes from 1 to 46 form an integral part of these unconsolidated financial statements.
CTOR
CHIEF EXEC I3'E OFFI CER
CHIEF UINANCI.4L OFFI CER
Note 2025 2024
CASH FLOW FROM OPERATING ACTIVITIES
Profit before levy and income tax | 784,343,426 | 541,744,029 | |
Adjustments for: Depreciation | 27 | 72,456,941 | 60,786,417 |
Credit loss allowance - net | 28 | (1,556,298) | 2,935,796 |
Gain on disposal of property, plant and equipment | 5.1.1 | (928,825) | (399,218) |
Profit on diminishing musharaka | (5,573,064) | (l3,942,914) | |
Finance cost | 31 | 534,944 | 22,973,948 |
Profit on debt securities | 30 | (510,985) | (4,237,063) |
Rental income | 25 | (297,980,946) | (319,793,187) |
Gain on sale of investments | 30 | (111,436,385) | (102,474,216) |
Unrealized gain on revaluation of FVTPL investment | 30 | (558,500,535) | (279,661,816) |
(903,495,153) | (633,812,253) | ||
Decrease / (increase) in current assets | (119,151,727) | (92,068,224) | |
Loans, advances and prepayments | 15,184,615 | (ll,496,l5l) | |
Accrued profit | 6,308,102 | 18,836,123 | |
Other receivables | (3,283,599) | (25,623,706) | |
Increase / (decrease) in current liabilities | 18,209,118 | (18,283,734) | |
Creditors, accrued and other liabilities | (6,952,d03) | (47,296,020) | |
Rentals received in advance | 297,841,856 | 327,542,132 | |
Accrued profit on borrowings | (534,944) | (25,038,621) | |
290,354,309 | 255,207,491 | ||
Levies and income tax paid | (12,536,621) | (43,471,475) | |
Net cash flow generated from operating activities | 176,875,079 | 101,384,058 | |
CASH FLOW FROM INVESTING ACTIVITIES | |||
Addition to property, plant and equipment | 5.1 | (44,388,676) | (40,415,355) |
Addition to capital work in progress | (12,410,452) | (36,165,944) | |
Proceeds from the disposal of property, plant and equipment | 996,294 | 426,740 | |
Short term investment (purchased) /sold - net | (122,368,137) | 81,159,329 | |
Diminishing musharaka finances | 34,045,661 | 36,826,620 | |
Long-term loans and deposits | 379,455 | 26,497 | |
Net cash (used in) / generated from investing activities | (143,745,855) | 41,857,887 | |
CASH FLOW FROM FINANCING ACTIVITIES | |||
Profit paid to share holders | (46,070,034) | (46,257,800) | |
Security deposits | 7,116,000 | 2,828,250 | |
Finance under musharaka arrangements | (110,000,000) | ||
Net cash used in financing activities | (38,954,034) | (153,429,550) | |
Net decrease in cash and cash equivalents | (5,824,810) | (10,187,605) | |
Cash and cash equivalents at the beginning of the year | 9,401,705 | 19,589,310 | |
Cash and cash equivalents at the end of the 3'ear | 3,576,895 | 9,401,705 |
The annexed notes from I to 46 form an integral part of these unconsolidated financial statements.
CHTEF E C VE OFFICER
IRECTOR
CHIEF NANCIAL OFFICER-9-
Note 2025 2024
ASSETS | |||
h'on-current assets | |||
Property, plant and equipment | 5 | 121,781,337 | 106,189,179 |
Investment properties | 6 | 893,863,130 | 925,180,570 |
Long-term diminishing musharaka finances | 7 | 4,804,086 | 15,406,983 |
Long-term loans and deposits | 8 | 4,313,472 | 4,692,927 |
Loans, advances and prepayments | 9 | 12,408,953 | 27,593,569 |
Current portion of diminishing musharaka finances | 7 | 7,399,755 | 29,286,221 |
Ijarah / lease rentals receivable | 10 | ||
Accrued profit | 1 l | 659,692 | 883,745 |
Other receivables | 12 | 54,399,629 | 49,970,661 |
Taxation - net | 13 | 32,172,144 | 61,855,162 |
Short term investments | 14 | 4,331,162,707 | 3,120,247,476 |
Cash and bank balances | 15 | 4,216,353 | 9,425,963 |
Total current assets 4,442,419,233 3,299,262,797 | |||
TOTAL ASSETS | 5,467,181 258 | 4,350,732,456 | |
EQUITY AND LIABILITIES | |||
Share capital and reserves | |||
Authorized share capital | |||
140,010,000 (2024: 140,010,000) shares of Rs. 10/- each | 1.2 | 1,400,100,000 1,400,100,000 | |
Issued, subscribed and paid-up capital | 16 | 950,084,890 | 950,084,890 |
Capital reserve | 17 | 2,574,104,179 | 2,218,917,084 |
Revenue reserve | 18 | 1,231,136,234 | 596,040,38 l |
Total non-current assets Current assets
1,024,762,025 1,051,469,659TOTAL EQUITY
LIABILITIES
Non-current liability
4,755,325,303 3,765,042,355Deferred tax liability | 19 | 386,309,010 | 262,545,232 |
Total non-current liability | 386,309,010 | 262,545,232 | |
Current liabilities Security deposits | 20 | 90,354,172 | 83,238,172 |
Creditors, accrued and other liabilities | 21 | 196,931,618 | 203,079,753 |
Unclaimed dividend | 22 | 38,261,155 | 36,826.944 |
Total current liabilities | 325,546,945 | 323,144,869 | |
COh'TINGENCIES AN'D COM8IITâIENTS | 23 | ||
TOTAL EQUITY AND LIABILITIES | 5,467,181,258 | 4,350,732,456 |
CHIEF NANCIAL OFFI CER
CHIEF EXE IVE OFFICER
The annexed notes from to 45 form an integral part of these consolidated financial statements.
ressed in Ru ees)
Note 2025 2024
Rental income | 24 | 303,499,606 | 324,162,837 |
Adininistratix'e and operating expenses | 25 | (214,379,423) | (210,442,322) |
Depreciation | 26 | (72,456,941) | (60,786,417) |
Credit loss allowance - net | 27 | 1,556,298 | (2,935,796) |
Operating profit | 18,219,540 | 49,998,302 | |
Other income | 28 | 32,643,885 | 72,d93,428 |
Investment income - net | 29 | 768,187,354 | 4fi2,907,788 |
Finance cost | 30 | (d26,795) | (23,068,348) |
Profit before income tax and levy | 818,423,984 | 562,531,170 | |
Levy-final tax | 31 | (12,026,255) | (8,653,753) |
Profit before income tax | 806,397,729 | 553,877,417 | |
Income tax expense | 32 | (125,925,734) | (85,701,458) |
het profit for the year | 680,471,995 | 468,175,959 | |
Earnings per share - basic and diluted | 33 | 7.16 | 4.93 |
The annexed notes froin I to 45 fonn an integral part of these consolidated financial statements.
DIRE TOR
CHIEF EXEC I1'E OFFI CER
CNTEF FINAN CIAI. OFFICER
FOR THE I'EAR Eh'DED JUL'E 30, 2025
ressed in Ru ees)
Profit after tax for the year
Other comprehensive income for the year
Items that will not be reclassified subsequently to profit or loss
Reineasurement gain on revaluation of fair value through OCI investments - net of deferred tax
Total comprehensis e income for the year
2025 2024
680,471,995 468,175,959
357,315,198 298,993,3581,037,787,193 767,169,317
The annexed notes from 1 to 45 form an integral part of these consolidated financial statements.
DI it
CHIEF EXECi
r orri cuff
CHIEF I lNANCi L orricrR
BRR GUARDIAN' LIh4ITED
COA'SOLIDATED STATEâIENT OF CHAN'GES IN' EQUITY FOR THE YEAR Eh'DED JL'hE 30, 2025
298,993,358 | 468,175,959 | 468,175,959 298,993,358 |
ressed in Ru ees
Description | Issued, subscribed and paid-up share capital | Capital reserves | Revenue reser›'e | Total | ||
bJerger Reserve | Surplus on revaluation of FVTOCI investment | Profit | ||||
Balance as at June 30, 2023 | 950,084,890 | 1,130,801,550 | 811,755,623 | 152,735,220 | 3,045,377,283 | |
Profit for the year Other comprehensive income | ||||||
Total comprehensive income for the year ended June 30, 2024 | 298,993,358 | 468,175,959 | 767,169,317 | |||
Transfer of gain on disposal of fair value through OCI in›'estments | (22,633,447) | 22,633,447 | ||||
Transaction with owner of the Group | ||||||
Final cash dividend for the year ended June 30, 2023 @ Rs. 0.5 per share | (47,504,245) | (47,504,245) | ||||
Balance as at June 30, 2024 | 950,084,890 | 1,130,801,550 | 1,088,115 534 | 596,040,381 | 3,765,042,355 | |
Profit for the year ended June 30, 2025 Other comprehensive income | ||||||
Total comprehensive income for the year ended .lune 30, 2025 | 357,315,198 | 680,471,995 | 1,037,787,193 | |||
Transfer of gain on disposal of fair value through OCI investments | (2,128,103) | 2,128,103 | ||||
Transaction with o»'ner of the Group Final cash dividend for the year ended June 30, 2024 @ Rs. 0.5 per share | - | - | - | (47,504,245) | (47,504,245) | |
- 357,315,198 | 680,471,995 | 680,471,995 357,315,19C |
Balance as at June 30, 202.$ 950,084,890 1,130,801,550 1,443,302,629 1,231,136,234 4,755,325,303
The annexed notes from 1 to 45 fonn an integral part of these consolidated financial statements.
CHIEF EXECt' 'E OFFI CER
CIJIET Ih. sci u. oFrIccR
BRR GUARDIAN LIhIITED
COh'SOLIDATED STATE8IEh'T OF CASH FLOYS FOR THE YEAR Eh'DED JUh'E 30, 2025
(Expressed in Rupees)
nJote 2025 2024
DIRk OR
CHIEF EXE 'E OFFICER
CASH FLOW' FRO8I OPERATtn'G ACTF¥'ITIES
Profit before levy and income tax | 818,423,984 | 562,531,170 | ||
Adjustments for: Depreciation | 26 | 72,456,941 | 60,786,417 | |
Credit loss allowance - net | 27 | (1,556,298) | 2,935,796 | |
Gain on disposal of property, plant and equipment | 5.1.1 | (928,825) | (399,218) | |
Profit on diminishing musharaka | (5,573,064) | (13,942,914) | ||
Finance cost | 30 | 534,944 | 22,973,948 | |
Profit on debt securities | 29 | (510,985) | (4,237,063) | |
Rental income | 24 | (297,980,946) | (319,793,187) | |
Gain on sale of investments | 29 | (112,167,086) | (102,813,552) | |
Unrealized gain on revaluation of FVTPL investment | 29 | (577,359,895) | (294,160,825) | |
(923,085,214) | (648,650,598) | |||
(104,661,230) | (86,119,428) | |||
Decrease / (increase) in current assets | ||||
Loans, advances and prepayments | 15,184,615 | (11,496,152) | ||
Accrued profit | 6,308,102 | 18,836,123 | ||
Other receivables | (3,502,990) | (25,623,706) | ||
17,989,727 | (18,283,735) | |||
Increase / (decrease) in current liabilities | ||||
Creditors, accrued and other liabilities | (6,935,024) | (47,392,249) | ||
Rentals received in advance | 297,841,856 | 327,542,132 | ||
Accrued profit on borrowings | (534,944) | (25,038,621) | ||
290,371,888 | 255,111,262 | |||
Levies and income tax paid | (14,836,973) | (44,339,083) | ||
Net cash flow generated from operating activities | 188,863,412 | 106,369,016 | ||
CASH FLOW' FROâ4 IN1'ESTIhG ACTIVITIES | ||||
Addition to property, plant and equipment | 5.1 | (44,388,676) | (40,415,355) | |
Addition to capital work in progress | (12,410,452) | (36,165,944) | ||
Proceeds from the disposal of property, plant and equipment | 99d,294 | 426,740 | ||
Short term investment (purchased) /sold - net | (133,741,270) | 75,990,574 | ||
Diminishing musharaka finances | 34,045,661 | 36,826,620 | ||
Long-term loans and deposits | 379,455 | 26,497 | ||
Net cash (used in) / generated from investing actii4ties | (155,118,988) | 36,689,132 | ||
CASH FLOW' FROM FINANCING ACTIVITIES | ||||
Profit paid to share holders | (46,070,034) | (46,257,800) | ||
Finance under musharaka arrangements | (110,000,000) | |||
Security deposits | 7,116,000 | 2.828.250 | ||
h'et cash used in financing activities | (38,954,034) | (153,429,550) | ||
Net decrease in cash and cash equivalents | (5,209,610) | (10,371,402) | ||
Cash and cash equivalents at the beginning of the year | 9,425,963 | 19,797,365 | ||
Cash and cash equivalents at the end of the year | 4,216,353 | 9,425,963 | ||
The annexed notes from 1 to 45 fonn an integral pan of these consolidated | financial statements. | |||
ciiiEF ri . NCIAL OFFICER