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CFL/PSX/
October 31, 2025
The General Manager
Pakistan Stock Exchange Limited, Stock Exchange Road' Karachi.
SUB: FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2025Dear Sir,
We inform you that the Board of Directors of our company in their meeting held on October 31, 2025 at 04:30 p.m. recommended the following:
CASH DIVIDEND BONUS SHARES RIGHT SHARES
NIL NIL NIL
The following Financial results of the Company for the first quarter ended September 30, 2025 are attached.
CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS (UN-AUDITED)
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
CONDENSED INTERM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)
Thanking you,
Yours faithfully,
For Crescent Fibres LiMited
Company Secretary Encl. As above.
Crescent Fibres Limited
104 Shadman 1, Lahore 54000, Pakistan
t. +92 (42) 35960871-4 Lines
f. +92 (42) 35960004
e lo@crescentfibres.com https://www.crescentfibres.com
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2025
ASSETS
NON CURRENT ASSETS
September 30, June 30,
2025 2025
(Un-audited) (Audited)
Note Rupees Rupees
Property, plant and equipment Operating fixed assets | 5 | 2,475,720,677 | 1,670,821,247 |
Capital work-in-progress | 4,882,454 | 4,882,454 | |
2,480,603,131 | 1,675,703,701 | ||
Intangible asset | 6 | 3,522,242 | 4,067,604 |
Long term investments | 7 | 118,018,935 | 113,598,582 |
Long term deposits | 52,271,313 | 53,935,313 | |
2,654,415,621 | 1,847,305,200 | ||
CURRENT ASSETS | |||
Stores, spares and loose tools | 84,535,852 | 82,422,079 | |
Stock in trade | 8 | 326,471,404 | 304,352,186 |
Trade debts | 9 | 834,762,482 | 892,963,580 |
Loans and advances | 1,250,779 | 23,383,893 | |
Trade deposits and short term prepayments | 4,132,611 | 9,947,363 | |
Other receivables | 4,077,739 | 2,200,496 | |
Short term investments | 26,556,772 | 26,556,772 | |
Tax refunds due from Government | 195,692,317 | 147,283,550 | |
Taxation - net | 101,443,495 | 84,902,262 | |
Cash and bank balances | 10 | 20,184,429 | 41,943,574 |
1,599,107,880 | 1,615,955,755 | ||
Assets classified as held for sale | 11 | 2,538,897,200 | 2,538,897,200 |
TOTAL ASSETS | 6,792,420,702 | 6,002,158,155 | |
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES | |||
Authorized share capital | |||
15,000,000 (June 30, 2025: 15,000,000) ordinary shares of Rs. 10/- each | 150,000,000 | 150,000,000 | |
Issued, subscribed and paid-up capital | |||
12,417,876 (June 30, 2025: 12,417,876) ordinary shares of Rs. 10/- each | 124,178,760 | 124,178,760 | |
Capital reserves | |||
Surplus on revaluation of property, plant and equipment | 2,834,755,691 | 1,996,280,568 | |
Unrealised gain on investments at fair value through other comprehensive income | 82,480,316 | 78,059,963 | |
2,917,236,007 | 2,074,340,531 | ||
Revenue reserves | |||
Unappropriated profit | 945,137,820 | 1,023,042,689 | |
3,986,552,586 | 3,221,561,980 | ||
NON CURRENT LIABILITIES | |||
Long term financing | 12 | 351,406,539 | 360,696,164 |
Lease liabilities | 13 | 98,681,510 | 105,378,852 |
Deferred capital grant | 14 | 74,572,935 | 79,573,094 |
Deferred taxation | 20,397,145 | 30,046,735 | |
545,058,129 | 575,694,845 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 15 | 1,547,432,721 | 1,557,256,069 |
Unclaimed dividend | 3,037,561 | 3,037,561 | |
Interest and mark-up accrued | 43,159,267 | 43,014,140 | |
Short term borrowings | 16 | 503,649,579 | 408,967,875 |
Current portion of long term liabilities | 12 | 120,812,846 | 144,599,655 |
Current portion of lease liabilities | 13 | 22,897,673 | 28,205,691 |
Current portion of deferred government grant | 14 | 19,820,339 | 19,820,339 |
2,260,809,986 | 2,204,901,330 | ||
TOTAL EQUITY AND LIABILITIES | 6,792,420,702 | 6,002,158,155 | |
CONTINGENCIES AND COMMITMENTS | 17 | ||
The annexed notes from 1 to 27 form an integral part of these condensed interim financial statements.
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE PERIOD ENDED SEPTEMBER 30, 2025
September 30, 2025 | September 30, 2024 | ||
Note | Rupees | Rupees | |
Sales - net | 1,011,741,823 | 1,548,041,056 | |
Cost of sales | 18 | (1,019,702,434) | (1,528,095,673) |
Gross (loss) / profit | (7,960,611) | 19,945,383 | |
General and administrative expenses | (46,483,061) | (48,758,324) | |
Distribution cost | (1,340,308) | (5,065,085) | |
Other operating income | 18,496,033 | 17,917,032 | |
Other operating expenses | (352,127) | (352,127) | |
(29,679,463) | (36,258,504) | ||
Operating loss | (37,640,073) | (16,313,121) | |
Financial charges | (37,150,505) | (64,681,586) | |
Loss before taxation and levy | (74,790,579) | (80,994,707) | |
Levy | 19 | (12,763,880) | (19,666,038) |
Loss before taxation | (87,554,459) | (100,660,745) | |
Taxation | 20 | 9,649,589 | 4,142,582 |
Loss for the period | (77,904,870) | (96,518,163) | |
Loss per share - basic and diluted | 21 | (6.27) | (7.77) |
The annexed notes from 1 to 27 form an integral part of these condensed interim financial statements.
Note | September 30, 2025 Rupees | September 30, 2024 Rupees | ||
CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from / (used in) operations | 22 | (21,876,442) | 11,543,067 | |
Financial charges paid | (37,005,379) | (67,810,286) | ||
Taxes paid | (16,541,234) | (21,117,027) | ||
Net cash used in operating activities | (75,423,055) | (77,384,246) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Addition in capital expenditure | - | (5,200,000) | ||
Proceeds from disposal of operating fixed assets | 2,400,000 | - | ||
Long term deposits | 1,664,000 | (1,500,000) | ||
Net cash used in investing activities | 4,064,000 | (6,700,000) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repayments of long term financing | (33,076,434) | (13,347,488) | ||
Additions in long term financing | - | 36,050,000 | ||
Principal paid on lease liabilities | (12,005,360) | (3,758,874) | ||
Short term borrowings - net | 94,681,704 | 169,471,584 | ||
Net cash generated from financing activities | 49,599,910 | 188,415,222 | ||
Net (decrease) / increase in cash and cash equivalents | (21,759,145) | 104,330,976 | ||
Cash and cash equivalents at the beginning of the period | 41,943,574 | 62,513,872 | ||
Cash and cash equivalents at the end of the period | 20,184,429 | 166,844,848 |
The annexed notes from 1 to 27 form an integral part of these condensed interim financial statements.
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE PERIOD ENDED SEPTEMBER 30, 2025
Issued, subscribed and paid-up capital | Capital Reserves | Revenue Reserves | Total | |
Surplus on revaluation of property, plant and equipment | Unrealised gain on investments at fair value through other comprehensive income | Unappropriated profit | ||
Rupees | ||||
Balance as at July 1, 2024 (audited) | 124,178,760 | 1,996,280,568 | 34,198,262 | 1,798,754,388 | 3,953,411,978 |
Total comprehensive loss for the period Loss for the period | - | - | - | (96,518,163) | (96,518,163) |
Other comprehensive income | - | - | (13,384,690) | - | (13,384,690) |
- | - | (13,384,690) | (96,518,163) | (109,902,853) | |
Balance as at September 30, 2024 (unaudited) | 124,178,760 | 1,996,280,568 | 20,813,572 | 1,702,236,225 | 3,843,509,125 |
Balance as at July 1, 2025 (audited) | 124,178,760 | 1,996,280,568 | 78,059,963 | 1,023,042,689 | 3,221,561,980 |
Total comprehensive loss for the period | |||||
Loss for the period | - | - | - | (77,904,870) | (77,904,870) |
Surplus on revaluation of property, plant | |||||
and equipment | - | 838,475,123 | - | - | 838,475,123 |
Other comprehensive loss | - | - | 4,420,353 | - | 4,420,353 |
- | 838,475,123 | 4,420,353 | (77,904,870) | (764,990,606) | |
Balance as at September 30, 2025 (unaudited) | 124,178,760 | 2,834,755,691 | 82,480,316 | 945,137,819 | 3,986,552,586 |
The annexed notes from 1 to 27 form an integral part of these condensed interim financial statements.
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED)
FOR THE PERIOD ENDED SEPTEMBER 30, 2025
Quarter ended
September 30, | September 30, | ||
2025 | 2024 | ||
Rupees | Rupees | ||
Loss for the period | (77,904,870) | (96,518,163) | |
Other comprehensive (loss) / income | |||
Items that will not be reclassified to statement of profit or loss | |||
subsequently Surplus on revaluation of property, plant and equipment | 838,475,123 | - | |
Unrealized (loss) / gain on revaluation of investments classified as | |||
fair value through other comprehensive income 4,420,353 | (13,384,690) | ||
842,895,476 | (13,384,690) | ||
Total comprehensive (loss) / gain for the period 764,990,606 | (109,902,853) | ||
The annexed notes from 1 to 27 form an integral part of these condensed interim financial statements.