w w w . c h e n a b g r o u p . c o m
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Dear Sir,
ANNOUNCEMENT
Chenab
Ref.No.CL/175/25 Dated:27-11-2025
PUCARS / TCS
SUBJECT: FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2025We have to inform you that the Board of Directors of the Company in their meeting held at 11.30 A.M on Thursday, the November 27, 2025 at the registered office of the company, Nishatabad, Faisalabad have recommended the following:-
CASH DIVIDEND NiL
BONUS SHARES ML
RIGHT SHARES N
ANY OTHER ENTITLEMENT N
In compliance to your Notice No.PSX/No.062 dated January 10, 2025, we enclose herewith the following:-
Financial Results (including statements of Profits and Loss)
Statement of Financial Position
Statement of Cash Flow
Statement of Changes in Equity
The Quarterly Report of the company for the period ended on September 30, 2025 will be transmitted through PUCARS separately, within the specified time.
Thanking you.
Yours faithfully,
for CHENAB LIMITED.
(MUHAMMAD ARSAND) COMPANY SECRETARY
CC:- (i) Executive Director / HOD
Offsite-II Dgpartment, Supervision Department,
Securities & Exchange Commission of Pakistan, 63, NIC Building,
Jinnah Avenue, Blue Area, Islamabad.
Encl:- As above
(ii) The Additional Joint Registrar, Securities & Exchange Commission of Pakistan,
Company Registration Office, FCCI Building, East Canal Road, Faisalabad.
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
30-Sep-2025 | 30-Sep-2024 |
Rupees | Rupees |
447,705,838 | 917,245,431 |
(481,837,321) | (904,622,105) |
(34,131,484) | 12,623,326 |
(6,209,987) | (60,150,437) |
(78,151,344) | (69,757,117) |
(84,361,330) | (129,907,554) |
(118,492,814) | (117,284,229) |
9,587,596 | 74,322,851 |
(54,269,210) | (58,270,293) |
(163,174,428) | (101,231,671) |
(7,022,412) | (10,585,963) |
(170,196,841) | (111,817,634) |
- | - |
(170,196,841) | (111,817,634) |
(1.48) | (0.97) |
Note
Sales 10
Cost of sales 11
Gross profit / (loss)
Operating Expenses
Selling and distribution expenses Administrative expenses
Operating (loss)
Other income 12
Finance cost
(Loss) for the period before levies and income tax Levies
(Loss) for the period before income tax Provision for taxation
(Loss) for the period
(Loss) per share- Basic and diluted
The annexed notes from 1 to 16 are an integral part of these financial statements.
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2025
SHARE CAPITAL AND RESERVES
Authorised capital
120,000,000 ordinary shares of Rs.10/- each
80,000,000 cumulative preference shares of Rs.10/- each
Issued, subscribed and paid up capital Cumulative preference shares Directors' loan
Surplus on revaluation of
property, plant and equipment Capital reserves
Revenue reserves
Note
Jun-30, 2025
(Audited)
Jun-30, 2025
(Audited)
10,270,170,548
10,270,170,548
-
Non current assets held for sale
-
842,930,874
2,192,593,737
CURRENT ASSETS
Stores, spares and loose tools Stock in trade
Trade debts 9
Loans and advances Deposits and prepayments Other receivables
Tax refunds due from Government
Cash and bank balances
8,630,208,880
(552,632,069)
800,000,000
9,427,239,674
1,200,000,000
7
8
NON-CURRENT ASSETS
Property, plant and equipments Investment property
Long term deposits
Rupees
Note
Rupees
1,378,669,987
366,071
3,795,077
182,200,000
627,562,602
-
7,468,611,421
53,638,778
744,656,836
300,000,000
63,301,845
1,150,000,000
500,000,000
1,071,913,086
4,814,039,268
526,409,752
(8,614,994,175)
114,948,800
174,841,332
223,095,067
168,622,533
33,058,433
18,830,431
52,830,274
56,704,004
8,932,371,161
481,450,363
13,418,150
Sep-30, 2025 (Un-Audited) |
Rupees 1,200,000,000 800,000,000 |
1,150,000,000 500,000,000 1,173,284,086 4,800,442,061 526,409,752 (8,771,593,809) |
(621,457,910) |
7,278,554,518 53,283,820 786,303,652 300,000,000 65,300,113 |
8,483,442,103 |
1,383,022,607 366,071 8,202,959 160,500,000 764,790,658 - |
2,316,882,295 - |
10,178,866,488 |
Sep-30, 2025 (Un-Audited) |
Rupees |
8,891,909,695 478,982,377 13,418,150 |
9,384,310,222 |
132,674,521 166,919,843 159,880,340 187,804,460 33,397,369 13,306,608 47,671,666 52,901,460 |
794,556,266 - |
10,178,866,488 |
NON-CURRENT LIABILITIES
Long term financing 5
Deferred revenue Deferred markup
Liability against redemption
of preference shares Deferred liabilities
CURRENT LIABILITIES
Trade and other payables Unclaimed dividend Interest / markup payable Short term bank borrowings Current portion of:
Long term financing 5
Provision for taxation - income tax
CONTINGENCIES AND COMMITMENTS 6
The annexed notes from 1 to 16 are an integral part of these financial statements.
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025 QUARTER ENDED30-Sep-2025 | 30-Sep-2024 | ||
a) CASH FLOWS FROM OPERATING ACTIVITIES | Rupees | Rupees | |
(Loss) for the period before levies and income tax | (163,174,428) | (101,231,671) | |
Adjustments for: | |||
Depreciation | 42,929,452 | 45,675,986 | |
Provision for staff retirement gratuity | 1,998,268 | 2,160,295 | |
Balances written back - net | - | (64,609,185) | |
Gain on disposal of asset | - | (907,577) | |
Finance cost | 54,269,210 | 58,270,293 | |
Fair value adjustment of deferred revenue | (354,958) | (267,476) | |
Operating cash flows before working capital changes | (64,332,456) | (60,909,334) | |
Changes in working capital: | |||
(Increase) / decrease in current assets: | |||
Stores, spares and loose tools | (17,725,721) | (3,569,247) | |
Stock in trade | 7,921,489 | 5,239,076 | |
Trade debts | 63,214,727 | 179,910,906 | |
Loans and advances | (19,614,483) | (61,087,542) | |
Deposits and prepayments | (338,936) | 19,141,617 | |
Other receivables | 5,523,823 | (1,743,944) | |
Tax refunds due from Government | 5,158,608 | (36,245,516) | |
Increase / (Decrease) in current liabilities: | |||
Trade and other payables | 4,352,620 | 20,286,880 | |
48,492,128 | 121,932,229 | ||
Cash generated from / (used in) operations | (15,840,328) | 61,022,895 | |
Income tax paid | (6,589,858) | (2,334,317) | |
Finance cost paid | (7,859,554) | (15,362,312) | |
Net cash generated from / (used in) operating activities | (30,289,740) | 43,326,266 |
30-Sep-2025 | 30-Sep-2024 Rupees (3,434,577) 920,000 (2,514,577) - (31,803,409) (27,700,000) (59,503,409) (18,691,720) 81,416,688 | |
b) CASH FLOWS FROM INVESTING ACTIVITIES | Rupees | |
Additions in operating assets | - | |
Proceeds from disposal of assets | - | |
Net cash (used in) investing activities | - | |
c) CASH FLOWS FROM FINANCING ACTIVITIES | ||
Receipt of loan from directors Repayment of: | 101,371,000 | |
Long term financing | (53,183,805) | |
(Decrease) in short term bank borrowings | (21,700,000) | |
Net cash generated / (used in) from financing activities | 26,487,195 | |
Net (decrease) in cash and cash equivalents (a+b+c) | (3,802,545) | |
Cash and cash equivalents at the beginning of the period | 56,704,004 | |
Cash and cash equivalents at the end of the period | 52,901,460 | 62,724,968 |
The annexed notes from 1 to 16 are an integral part of these financial statements.
(MIAN MUHAMMAD LATIF) CHIEF EXECUTIVE OFFICER
(MUHAMMAD FARHAN LATIF) DIRECTOR
(SADAQUAT HUSSAIN) CHIEF FINANCIAL OFFICER
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
Issued, subscribed and paid up capital | Cumulative preference shares | Loan from Directors | Surplus on revaluation of property, plant and equipment | Capital reserves | Revenue reserves | Total | |||||
Premium on issue of ordinary shares | Book difference of capital under scheme of arrangement for amalgamation | Preference shares redemption reserve | Sub total | General reserve | Accumulated loss | Sub total | |||||
- | - - - - | (111,817,634) - - | (111,817,634) - - - - | (111,817,634) - - - - |
Balance as at June 30, 2024 (audited) 1,150,000,000 500,000,000 1,053,213,086 4,881,532,753 120,000,000 63,552,610 342,857,142 526,409,752 76,432,834 (8,144,851,991) (8,068,419,157) 42,736,434
(loss) for the period
Other comprehensive income Items that will not be subsequently reclassified to profit or loss:
Surplus on revaluation of property, plant and equipment arisen during the period- net Remeasurement of defined benefit liability
Incremental depreciation on revalued assets for the period
Transactions with owner - Loan from directors
- - - - - - - - - (111,817,634) (111,817,634) (111,817,634)
- | - - - | (511,076,948) -8,826,079 | (511,076,948) - -8,826,079 | (511,076,948) - - -8,826,079 |
(14,302,479) - | 14,302,479 | 14,302,479 - - | |||||
213,086 4,867,230,274 | 120,000,000 | 63,552,610 | 342,857,142 | 526,409,752 | 76,432,834 | (8,242,367,147) | (8,165,934,313) (69,081,200) |
Balance as at Sep-30, 2024 (un-audited) 1,150,000,000 500,000,000 1,053,
(Loss) for the period
Other comprehensive income Items that will not be subsequently reclassified to profit or loss:
Surplus on revaluation of property, plant and equipment arisen during the period - net Remeasurement of defined benefit liability
Incremental depreciation on revalued assets for the period
- - - -
(53,191,006)
(502,250,869)
-
- | - | - | - | - | (502,250,869) | (502,250,869) |
- | 53,191,006 | 53,191,006 |
Transactions with owner - Loan from directors 18,700,000 18,700,000
- - | (170,196,841) - | (170,196,841) - - | (170,196,841) - - - - |
Balance as at June 30, 2025 (audited) 1,150,000,000 500,000,000 1,071,913,086 4,814,039,268 120,000,000 63,552,610 342,857,142 526,409,752 76,432,834 (8,691,427,009) (8,614,994,175) (552,632,069)
(loss) for the period
Other comprehensive income Items that may be subsequently reclassified to profit or loss:
Surplus on revaluation of property plant and equipment arisen during the period - net Remeasurement of defined benefit liability
Incremental depreciation on revalued assets for the period
- - - - - - - - - (170,196,841) (170,196,841) (170,196,841) (13,597,207) - 13,597,207 13,597,207 -
Transactions with owner - Loan from directors 101,371,000 101,371,000
Balance as at Sep-30, 2025 (un-audited) 1,150,000,000 500,000,000 1,173,284,086 4,800,442,061 120,000,000 63,552,610 342,857,142 526,409,752 76,432,834 (8,848,026,643) (8,771,593,809) (621,457,910)
The annexed notes from 1 to 16 are an integral part of these financial statements.
(MIAN MUHAMMAD LATIF) CHIEF EXECUTIVE OFFICER
(MUHAMMAD FARHAN LATIF) DIRECTOR
(SADAQUAT HUSSAIN) CHIEF FINANCIAL OFFICER