ww w. c h e n ab g r o u p . co m
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Dear Sir,
ANNOUNCEMENT
Chenab
Ref.No.CL/160/25 Dated:31-10-2025
PUCARS / TCS
SUBJECT: FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2025We have to inform you that the Board of Directors of our Company in their meeting held at 11:30 AM on Friday the October 31, 2025 at the registered office of the company, Nishatabad, Faisalabad have recommended the following:
CASH DIVIDEND N
BONUSSHARES NIL
RIGHT SHARES
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 Annual General Meeting of the company will be held on Friday, the 21°' November, 2025 at 11.30 A.M at the registered office of the company at Nishatabad, Faisalabad.
The Share Transfer Books of Ordinary Shares of the Company will remain closed from November 14, 2025 to November 21, 2025 (both days inclusive). Transfers received in order by Company's Registrar, M/s. F.D. Registrar Services (Pvt.) Limited, Office No.1705, 17th Floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi upto close of business hours on November 13, 202S wlll be considered in time.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Thanking you.
Yours faithfully,
for CHENAB LIMITED.
(MUHAM RS D) COMPANY SECRETARY
CC:- (i) Executive Director / HOD
Offsite-II Department, Supervision Department,
Securities & Exchange Commission of Pakistan, 63, NIC Building,
Jlnnah 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.
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 | ||||
Note | 2025 Rupees | 2024 Rupees | ||
Sales | 29 | 2,389,566,598 | 3,342,302,314 | |
Cost of sales | 30 | 2,469,840,519 | 3,331,432,766 | |
Gross (loss) / profit | (80,273,921) | 10,869,548 | ||
Operating Expenses | ||||
Selling and distribution expenses | 31 | 121,699,275 | 129,644,441 | |
Administrative expenses | 32 | 324,295,888 | 351,087,654 | |
445,995,163 | 480,732,095 | |||
Operating (Loss) | (526,269,084) | (469,862,547) | ||
Other income | 33 | 147,470,425 | 423,570,239 | |
Finance cost | 34 | 211,493,510 | 243,712,002 | |
(Loss) for the year before levies and income tax | (590,292,169) | (290,004,310) | ||
Levies | 35 | 30,333,392 | 36,205,077 | |
(Loss) for the year before income tax | (620,625,561) | (326,209,387) | ||
Provision for taxation | 36 | (2,269,021) | - | |
(Loss) for the year | (622,894,582) | (326,209,387) | ||
Earnings per share - Basic and diluted | 37 | (5.42) | (2.84) | |
The annexed notes from 1 to 45 form an integral part of these financial statements.
2025 Rupees 1,200,000,000 |
800,000,000 |
1,150,000,000 500,000,000 1,071,913,086 4,814,039,268 526,409,752 (8,614,994,175) |
(552,632,069) |
7,468,611,421 53,638,778 744,656,836 300,000,000 63,301,845 |
8,630,208,880 |
1,378,669,987 366,071 3,795,077 182,200,000 627,562,602 - |
2,192,593,737 - |
10,270,170,548 |
Note EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES Authorised capital 120,000,000 (2024: 120,000,000) ordinary shares of Rs.10/- each | 2024 Rupees 1,200,000,000 | |||
80,000,000 (2024: 80,000,000) cumulative | ||||
preference shares of Rs.10/- each | 800,000,000 | |||
Issued, subscribed and paid up capital | ||||
115,000,000 (2024: 115,000,000) ordinary | ||||
shares of Rs. 10/- each fully paid in cash | 4 | 1,150,000,000 | ||
Cumulative preference shares | 5 | 500,000,000 | ||
Directors' loan | 6 | 1,053,213,086 | ||
Surplus on revaluation of | ||||
property, plant and equipment | 7 | 4,881,532,753 | ||
Capital reserves | 8 | 526,409,752 | ||
Revenue reserves | 9 | (8,068,419,157) | ||
42,736,434 | ||||
NON-CURRENT LIABILITIES | ||||
Long term financing | 10 | 8,079,014,160 | ||
Deferred revenue | 11 | 54,883,483 | ||
Deferred interest / markup | 12 | 576,692,432 | ||
Liabilities against redemption | ||||
of preference shares | 5 | 300,000,000 | ||
Deferred liabilities | 13 | 50,315,583 | ||
9,060,905,658 | ||||
CURRENT LIABILITIES | ||||
Trade and other payables | 14 | 1,448,751,213 | ||
Unclaimed dividend | 366,071 | |||
Interest / markup payable | 15 | 6,712,537 | ||
Short term bank borrowings | 16 | 284,000,000 | ||
Current portion of : | ||||
Long term financing | 10 | 75,226,124 | ||
Provision for taxation - income tax | 36 | - | ||
CONTINGENCIES AND COMMITMENTS 17 | 1,815,055,945 - | |||
10,918,698,037 | ||||
The annexed notes from 1 to 45 form an integral part of these financial statements.
ASSETS
NON-CURRENT ASSETS
Note
2024
Rupees
Property, plant and equipment
Operating assets 18
Investment property 19
Long term deposits 20
CURRENT ASSETS
Stores and spares 21
Stock in trade 22
Trade debts 23
Loans and advances 24
Deposits and prepayments 25
Other receivables 26
Tax refunds due from government 27
Cash and bank balances 28
9,076,879,986
491,733,640
13,418,150
9,582,031,776
145,942,209
252,453,190
523,146,574
203,374,310
38,263,514
12,993,174
79,076,602
81,416,688
1,336,666,261
10,918,698,037
2025 Rupees |
8,932,371,161 481,450,363 13,418,150 |
9,427,239,674 |
114,948,800 174,841,332 223,095,067 168,622,533 33,058,433 18,830,431 52,830,274 56,704,004 |
842,930,874 |
10,270,170,548 |
Note
2024
153,357,864
(590,292,169)
2025
Rupees
Rupees
a) CASH FLOWS FROM OPERATING ACTIVITIES
(Loss) for the year before levies and income tax Adjustments for:
(290,004,310)
Depreciation of operating assets | 18 | 181,075,984 | 189,098,770 |
Depreciation of investment property | 19 | 10,283,277 | 10,711,747 |
Provision for staff retirement gratuity | 13.1 | 23,981,940 | 30,043,326 |
(Gain) on disposal of operating assets | 33 | (907,577) | (3,632,200) |
(Gain) on disposal of non current assets held for sale | - | (248,304,398) | |
Finance cost | 34 | 211,493,510 | 243,712,002 |
Balances written back - net | 33 | (113,689,045) | (123,125,581) |
Fair value adjustment of deferred revenue | 11 | (1,244,705) | (1,091,176) |
Operating cash flows before working capital changes | (279,298,785) | (192,591,820) | |
Changes in working capital (Increase) / Decrease in current assets | |||
Stores, spares and loose tools | 30,993,409 | (105,214,049) | |
Stock in trade | 77,611,858 | (43,533,769) | |
Trade debts | 300,051,507 | (263,601,157) | |
Loans and advances | 21,538,310 | (98,149,701) | |
Deposits and prepayments | 215,939 | 733,775 | |
Other receivables | (5,837,257) | (5,374,914) | |
Tax refunds due from Government | 52,704,098 | 58,841,188 | |
477,277,864 | (456,298,627) | ||
Increase in current liabilities | |||
Trade and other payables | 49,479,505 | 323,494,221 | |
526,757,369 | (132,804,406) | ||
Cash generated from / (used in) operations | 247,458,584 | (325,396,226) | |
Income tax and levies paid | (46,729,260) | (64,931,869) | |
Finance cost paid | (45,201,861) | (47,733,842) | |
Staff retirement gratuity paid | 13.1 | (2,169,599) | (5,650,810) |
Net cash generated from / (used in) operating activities (443,712,747)
2025 Rupees | 2024 Rupees | ||
b) CASH FLOWS FROM INVESTING ACTIVITIES | |||
Additions in operating assets | 18 | (36,579,582) | (97,843,196) |
Proceeds from disposal of operating assets | 18.5 | 920,000 | 1,467,600 |
Proceeds from disposal of non current assets held for sale | - | 780,000,000 | |
Net cash (used in) / generated from investing activities | (35,659,582) | 683,624,404 | |
c) CASH FLOWS FROM FINANCING ACTIVITIES | |||
Receipt of loan from directors | 18,700,000 | 226,500,000 | |
Repayment of : | |||
Long term financing | (59,310,966) | (686,261,961) | |
Long term loan obtained | - | 14,827,000 | |
(Decrease) / increase in short term bank borrowings | (101,800,000) | 214,000,000 | |
Net cash (used in) financing activities | (142,410,966) | (230,934,961) | |
Net (decrease) / increase in cash and cash equivalents (a+b+c) Cash and cash equivalents at the beginning of the year | (24,712,684) 81,416,688 | 8,976,696 72,439,992 | |
Cash and cash equivalents at the end of the year | 56,704,004 | 81,416,688 | |
The annexed notes from 1 to 45 form an integral part of these financial statements.
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025
Capital reserves Revenue reserves
Issued, subscribed and paid up capital
Cumulative preference shares
Director's Loan
Surplus on revaluation of property, plant and equipment
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 Sub total (loss)
Total
------------------------------------------------------------------------------------------------------ R u p e e s ---------------------------------------------------------------------------------------
Balance as at July 01, 2023 1,150,000,000 500,000,000 826,713,086 5,167,585,126 120,000,000 63,552,610 342,857,142 526,409,752 76,432,834 (8,102,788,103) (8,026,355,269) 144,352,695
Total comprehensive (loss) for the year
(Loss) for the year Other comprehensive (loss) Items that will not subsequently reclassified to profit or loss: Remeasurement of defined benefit liability | - - | - - | - - | - - | - - | - - | - - | - - | - - | (326,209,387) (1,906,874) | (326,209,387) (1,906,874) | (326,209,387) (1,906,874) |
Incremental depreciation on | - | - | - | - | - | - | - | - | - | (328,116,261) | (328,116,261) | (328,116,261) |
revalued assets for the year | - | - | - | (64,370,133) | - | - | - | - | - | 64,370,133 | 64,370,133 | - |
Surplus realised on disposal of property, plant and equipment | - | - | - | (221,682,240) | - | - | - | - | - | 221,682,240 | 221,682,240 | - |
Transaction with owners Loan from directors | - | - | 226,500,000 | - | - | - | - | - | - | - | - | 226,500,000 |
Balance as at June 30, 2024 | 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 |
Total comprehensive (loss) for the year | ||||||||||||
(Loss) for the year Other comprehensive income Items that will not subsequently reclassified to profit or loss: | - | - | - | - | - | - | - | - | - | (622,894,582) | (622,894,582) | (622,894,582) |
Remeasurement of defined benefit liability | - | - | - | - | - | - | - | - | - | 8,826,079 | 8,826,079 | 8,826,079 |
Incremental depreciation on | - | - | - | - | - | - | - | - | - | (614,068,503) | (614,068,503) | (614,068,503) |
revalued assets for the year | - | - | - | (67,493,485) | - | - | - | - | - | 67,493,485 | 67,493,485 | - |
Transaction with owner Loan from director | - | - | 18,700,000 | - | - | - | - | - | - | - | - | 18,700,000 |
Balance as at June 30, 2025 | 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) |
(Refer Note) | 6 |
The annexed notes from 1 to 45 form an integral part of these financial statements.
(MIAN MUHAMMAD LATIF) CHIEF EXECUTIVE OFFICER
(MUHAMMAD FARHAN LATIF) DIRECTOR
(SADAQUAT HUSSAIN) CHIEF FINANCIAL OFFICER