Crescent Steel & Allied Products LtdPSX: CSAP

Financial Result for the Quarter Ended 31 December 2025

· Issued by Crescent Steel & Allied Products Ltd


‌CSAPL/CS-08/041

February 4, 2026

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

Dear Sir,

Subject: Financial Results (Unconsolidated and Consolidated) for the Six Months Period Ended December 31, 2025.

We are pleased to inform you that the Board of Directors of Crescent Steel and Allied Products Limited (the "Company") in their meeting held on February 4, 2026, at 02:00 pm have considered and approved the Un-audited Condensed Interim Financial Statements (Unconsolidated and Consolidated) of the Company for the six months period ended December 31, 2025, and recommended the following:

  1. Cash Dividend: Interim cash dividend at Rs. 2.0 per share i-e. 20% , this is in addition to interim dividend of Rs. Nil per share.
  2. Bonus Shares: Nil.
  3. Right Shares: Nil.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Tuesday February 17, 2026.

Book Closure Dates:

The Share Transfer Books of the Company will remain closed from Wednesday, February 18, 2026, to Friday, February 20, 2026 (both days inclusive). The transfer received in order at the office of the Company's share registrar, M/s Corptec Associates (Private) Limited, 503-E Johar Town, Lahore by the close of business on Tuesday, February 17, 2026, will be treated in time for the entitlement of dividend to the transferees.



The Financial Information of the Company is attached herewith as Annexure-A (Unconsolidated) and Annexure-B (Consolidated).



The half-yearly report of the Company will be transmitted through PUCARS, within the specified time.

Thanking you,

Yours faithfully,

Crescent Steel and Allied Product Limited



Azeem Sarwar, FCA

Company Secretary



Encl: Annexure-A & B

‌CRESCENT STEEL AND ALLIED PRODUCTS LIMITED

CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITEDI AS AT DECEMBER 31, 2025

Unaudltod Docember 31,

2025

Annexure A

Audited June 30,

2025

Noto ---- (Rupoos In '000) - ·-

ASSETS

Non-currant assets

Property , plant and equipment

.5

1,980,913

1,999,071

Right-of-use assets

154,513

176,578

Intangible assets

Investment properties

111,370

112,804

Long term investments

6

2,287,464

2,239,541

Long term deposits

74,367

70,798

Deferred taxation• net

85,265

4,608,627

4,686,057

Current assets

Stores. spares and loose tools Stoek-m-trade

7

441,641

1,467,488

384,837

2,983,801

Trade debts

8

1,163,535

1,641,032

Loans and advances

Trade deposits and short term prepayments

9

125,086

22,766

310,898

19,166

Short term investments

10

2,339,102

1,537,401

Other receivables

11

1,040,890

3,461,381

Taxation• net

256,707

406,233

Cash and bank balances

54,682

74,586

6,911,897

10,819.335

Non-current assets held for sate

12

342,919

414,364

Total current assets

7,254,816

11,233,719

Total assets

11,863,443

15,919,776

EQUITY AND 1,,JABIUTIES

EQUITY

Share capital and reserves

Authorized capital

100,000.000 ordinary shares of Rs. 10 each

Issued, subscribed and paid-up capital Capital reserve

Revenue reserves LIABILITIES

1,000,000

776,325

1,020,908

7,442,166

9,239,399

1 000.000

776,325

1,020,908

6,954,534

8,751,767

18,431

138,426

2,"92

129,077

288,426

1,970,744

150,729

7,644

162,339

3,655

39,970

2,335,618

132,289

157,781

2,763

292,833

4,551,503

111,697

27,284

1,964,959

174,469

44,727

6,875,176

Non-current llabiliUes

Long term loans 13

Deferred income Deferred taxation - net

Current liabllities

Trade and other payables

Mark-up accrued

Short term borrowings

15

Current portion of long term loans

Current portion of deferred income

13

Total liabilities

2,624,044

7,168,009

Contingencies and commitmenls

16

Lease fiabilities

14

Unclaimed dividend

537

537

Current portion of lease liabilities

'11

  • �A

    Total equity and llablllUes

    """':cot,ce. -•<1::-J&,.iv

    The annexed notes from 1 to 28 form an Integral par1of these condensed interim unconsolldated financlal statements.

    hlJ...A.LLtti4.

    11,863,443

    15,919,776

    Chief ExeeuUve; �- Chlof Flnanclal Offlcor



    CRESCENT S1 EEL ANDALLIED PRODUCTS LIMITED Oil t

    coNDEN�W,��f�fMIU�::oNSOLIDATED STATEMENT OF PROril 8� Loss AND OTHER COMPREHENSIVE INCOME (UNAUDITED)

    FOR THE THREE MONTHS AND SIX MONTHS PERIOD ENDED DECEMBER 31, 2025

    Th ree months period ended December 31, December 31,

    2025 2024

    Six months period ondod December 31, December 31,

    2025 2024

    Sales

    Less: Sales tax

    Cost of sales Gross profit

    Income from Investments - net

    Note

    17

    617,765

    1,113,470

    1,403,592

    1,368,743

    Distribu1ion and selling expenses 9,658

    Administrative expenses 221,729

    8,418

    142,716

    18,057

    348,715

    15.707

    231,211

    Other operating expenses

    36,428

    33,728

    57,756

    43,524

    267,815

    184,862

    424,528

    290,442

    349,950

    928,608

    979,064

    1,078,301

    Other income

    34,384

    16,254

    44,878

    32,830

    Operating pr ofit before finance costs

    384,334

    944,862

    1,023,942

    1,111,131

    Finance costs

    20

    27,455

    93,752

    92,481

    156,290

    Profit before taxation from continuing operations

    356,879

    851,110

    931,461

    954,841

    Taxation

    (31,409)

    9,788

    (130,072)

    100,986

    (66,544)

    9,788

    (114,759)

    100,986

    - Deferred

    (81,531)

    (226,713)

    (214,290)

    (230,820)

    • Current for the period

    • Prior year

    18

    (Rupees In '000)

    2,869,186 2,317,056 4,377,491 3,667,936

    1,966,110

    3,712,342

    3.111.932

    1,438,173

    2,780,700

    2,343,526

    527,937

    931,642

    768,406

    585,533

    471,950

    600.337

    437,637 350,946 665,149 556,004

    2,431,549

    1,907,726

    523,823

    19

    93,942

    Net profit after laKatlon from continuing operations Net (loss)/ profit from discontinued operation

    Net profit after taxation for the period

    Other comprehensive Income

    Items that w/11 not be redassified subsequenUy to profit or Joss

    Changes in the fair value of equity investments at fair value through other comprehensive Income (FVOCI)

    Total comprehensive Income for the period

    Basic and dduted earnings per share 21

    Bnic and diluted earnings per 6hare - continuing operations 21

    (103,152) (255,799) (271,046) (244,593)

    ------------------

    253,727 595,311 660,415 710,248 (_4,- 94_ 5 �1 _(1_ 8,_ 2_90 _) 1_9,-318 (,_37,'-26_ 2-'-)

    248,782 577,021 679,733 672,986

    2,003 1,287 1,980 614

    250,785 578,308 681,713 673,600

    (Rupoos)

    3.20 7.43 8.711 8.67

    3.27 7.67 8.51 9.15

    The annexed notes from 1 to 28 form an Integral part of these condensed Interim unconsolidated financial statements.

    Chief Executive -

    Director -

    -

    Chief Financial Officer



    CRESCENT STEEL ANO ALLIED PRODUCTS LIMITED

    CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2026

    Issued, Capita! reserve Revenue reserves Total subscribed Shara Fair value General Unappropriated revenue

    Total

    ind paid-up premium resorve reserve capita!

    profit reserves

    Rupees In '000

    Balance as 1t July 1, 2024 776,325 1,020,908 1,837 3,6'42,000

    Total comprehensive Income for the period

    Profit after taxation lot the period

    Other comprehensive income for the period

    11 11 �1411

    II

    2,274,979 5,918,816

    672, 86

    �

    672,986

    614

    I

    7,716,049

    672,986

    6 14

    1

    Total compn,hensive Income for the period 614

    Transaction with owners of the Company • distribution

    • Final dividend @ 35% (i.e. Rs. 3.50 per share) for

672,986 673,600

673,600

the year ended June 30, 2024

(271,714)

(271,714)

(271,714)

Balance as at December 31, 2024

776,325

1,020,908

2,451

3,642,000

2,676,251

6,320,702

8,117,935

Balance as at July 1, 2025

776,325

1,020,908

7,208

3,642,000

3,305,326

6,954,534

8,751,767

Total comprehensive income for the period Profit after taxation for the period

Other comprehensive income for the period •

Total comprehensive Income for the period

  • · II

II

1,;80

1,980

II

679, 33

� I

679,733

679,733

1,980

681,713

679,733

1,980

681,713

Tra nsaction with owners of the Company•

distribution

- Final drvidend @ 25% (i.e. Rs. 2.50 per share) for

the year ended June 30, 2025

(194,081)

(194,081)

(194,081)

Transfer to general reserve

3,000,000

(3,000,000)

Balance as at December 31, 2025

n6,325

1,020,908

9,188

6,642,000

790,978

7,442,166

9,239,399

11

e annexed notes from 1 to 28 form an integral part of these condensed Interim unconsolidated financial statements.

�

Chief Executive •-

.-l.AAU.fJ./4J

Director f- •

Chief Financial Officer



CRESCENT STEEL AND ALLIED PRODUCTS LIMITED

CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF CASH FLOWS (UHAUDITED) FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2025

Six months period ended December 31, December 31.

2025 2024

Note ----- (Rupees in '000)

Cash flows from operating activities

Cash generated from / (used in) operations

22

2,673,423

(756,279)

Taxes refund / (paid) - net

51,994

(200,724)

Finance costs paid

(100,568)

(129,099)

Contribution to staff retirement benefits

(21,794)

(13,481)

Contribution to Workers' Welfare Fund

(12,024)

(19,016)

Contribution to Workers' Profit Participation Fund

(38,114)

(91,876)

Long term deposits - net

(2,183)

1.864

Net cash generated from / (used in) operating activities

Cash flows from investing activities

2,550,734

(1,208,611)

Capital expenditure

(115,848)

(305,240)

Proceeds from disposal of non current assets held for sale

140,910

Proceeds from disposal of operating fixed assets

24,044

1,689

Investments - net

(420,416)

(490,773)

Dividend income received

67,628

373.816

Interest income received

11,050

15,164

Net cash used in investing activities

(292,632)

(405,344)

Cash flows from financing activities

(Repayments of} / proceeds from long term loans - net

(284,672)

16,348

Payments against finance lease obligations - net

(35,665)

(49,723)

(Repayments of} / proceeds from short term loans - net

(1,260,958)

1,256,818

Dividends paid

(155,049)

(216,040)

Net cash (used in) / generated from financing activities

(1,736,344)

1.007,403

Net increase / (decrease) in cash and cash equivalents

521,758

(606,552)

Cash and cash equivalents at beginning of the period

(525,531)

402,979

Cash and cash equivalents at end of the period

23

(3,773)

(203.573)



The annexed notes from 1 to 28 form an Integral part of these condensed Interim unconsolidated financial

statements.



Chief Executive < DlFOCtOF Chief Financial Officer

‌("rrt:r.!•n Stnrl nd / llt!'d Pr du Cc,nrtc,r <:t•d lntrrlrn Con�:,lt!Jnt

'1• ftf i� ..r-,1h'"t r 70;·5

Annexure B

c Pc •

JtJr" 10

Ut1 udll •d

Not Octm1IJf!rJI,

iuir- ;,1:,.,

--- (Hupe� In '00Uf --

Cummla ti

Total a

o nd loo« tool

rm propaym ni.

al

5 2, 146,17r.

I 4,5 IJ 1J1,4 J

6

1,013,392

7d,J67 J,51 , 40

441,641

6 1,467,466

9 1,163,535

10 120,801

26,208

11 3,565,250

12 1,055,503

214,290

54,722

8,109,438

13 .___142�!9_

8,452,357

11.972,297

l Hj� -,�·r: 11, 51;

1 J 4111

I() /fJH Jd-U J1 •

30� l'//;

171''

) 4�/ 4 3'l0 J

24 ';8 'l

' 3,q 11 I�? 174

4-,0:4 SM

12 1(/ '06

CQUITV ANO LIABILITICS

QUITY

Share capita! and n,serves AUlhO d Ital

100000,000ordln rysn.a sofRs.10e di

d and patd-up capltill

LIABILITI S

1 000 000

776,325

1,020,008

7,284,368

9,081,601

14 18,431

138,426

2,-l02

260, 10-l

15

14

lh7

17 __1_1_7

a •o-" am,11.)

, o:c.i ,

1 o1

I I I

111 ,

1U

1" ;,J



Crescent Steel and Allied Products Limited

Condensed Interim Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited)

For the three months and six months period ended December 31, 2025

Three months period ended Six months period ended Note December 31, December 31, December 31, December 31

2025 2024 2025 2024

9,658

8,418

18,057

15,707

224,537

144,938

354,189

234,575

36,428

1,318,546

····--·--······---·········· (Rupees In '000) ------------······-··------

Sales

18

2,869,186

2,317,056

4,377,491

3,667,936

Less: Sales tax

437,637

350,946

665,149

556,001

2,431,549

1,966,110

3,712,342

3,111,932

Cost of sales

1,907,726 1,438,173 2,780,700

2,343.526

Gross profit

523,823

527,937

931,642

768,406

Income from investments - net

19

97,155

505,112

706,910

521,739

620,978

1,033,049

1,638,552

1,290,145

Distribution and selling expenses

Administrative expenses

Other operating expenses

20

270,623

1,471,902

430,002

1,578,624

350,355

(438,853)

1,208,550

(288,479)

Other income

17,260

45,931

34,382

Operating profit / (loss) before finance costs

385,848

(421,593)

1,254,481

(254,097)

Finance costs

21

27,659

93,758

93,010

156,561

Share of profit in equity accounted investees -

net of taxation

223,177

538,584

Profit / (loss) before taxation

358,189

(292,174)

1,161,471

127,926

Taxation

- current for the period

(18,517)

(103,150)

(105,393)

(121,219)

- prior period

9,788

100,986

9,788

100,986

- deferred

(4,730)

(245,266)

(55,882)

35,493

(67,745)

(76,474) _,(6_ ,_89_4)-'-

--�(34_ 0_ ,8_ 7_1)�

(7� 6_ ._1 _15�)

Net profrt I (loss) after taxation from continuing operations Net (loss) I profrt from discontinued operation

Net profrt / (loss) for the period

Other comprehensive loss for the period

Items that will not be reclassified subsequently to profit or loss

Changes in the fair value of equity investments at fair value through other comprehensive income (FVOCI)

Items that will be reclassified subsequently to profit or loss

Proportionate share of other comprehensive (loss) / income of equity accounted investees

Total comprehensive Income/ (loss) for the period

Basic and diluted earnings/ (loss) per share 22

Basic and diluted earnings/ (loss) per share - continuing

operations 22

The annexed notes from 1 to 29 form an Integral part of these condensed interim consolidated financial statements.

�cf•· •-• 4:1'h.uM

Chief Executive ,.

--

281,715 (299,068) 820,600 51,811

----(4,9-45-) (18,290) ----19,-318- (37,262)

276,770 (317,358) ===839===,91=8 14.549

26,876

27,850

28,432

18,357

-

-

-

360

26,876

27,850

28,432

18,717

303,646

(289,508)

(Rup

868,350

ees)

33,266

·----------

3.57 (4.09) 10.82 0.19

3.63 (3.65) 10.57 0 67

-

Chief Financial om er



Crescent Steel and Allied Products Limited

Condensed Interim Consolidated Statement of Changes in Equity (Unaudited)

For the six months period ended December 31, 2025

Issued, Caeital reserves Total capital

Reven_ue reserves

Total Total

subscribed and paid-up capital

Share premium

Others•

reserves

Fair value reserve

(Rupees in '000)

General reserve

Unappropriated profit

revenue

reserves

Balance as at July 1, 2024 776,325 1,020,908 29,761 1,050,669

(23,018)

3,642,000

3,245,120

6,864,102 8,691,096

Total comprehensive Income for the period Profit after taxation for the period

Other comprehensive income for the period

1

I II 11 ;6011 ;601 1

I

14, 9

18,;5711 11 � I

14,549

18,357 1: 1:

14,549

18,717 :1

Total comprehensive loss for the period

Transaction with owners of the Holding Company

  • distributions

- Final dividend @ 35% (i.e. Rs. 3.5 per share) for the year ended June 30, 2024

360

360

18,357

14,549

(271,714)

32,906 33,266

(271,714) (271,714)

Balance as at December 31, 2024

776,325

_____!_,_(@l,�08

30,121___1,051,029

(4,661)

3,642,000

2,987,955

6,625,294 8,452,648

Balance as at July 1, 2025

Total comprehensive loss for the period Profit after taxation for the period

776,325 1,020,908

I II II

1,020,908

I I

49,196

II

3,642,000

2,918,903

839. 18 I

6,610,099 8,407,332

839,918 839,918

Other comprehensive loss for the period

Total comprehensive loss for the period

Transactions with owners of the Holding Company

- distrbutions

- Final dividend @ 25% (i.e. Rs. 2.50 per share) for the year ended June 30, 2025

Transf er to general reserve

11

28.�32

28,432

11

3,000,000

�

839,918

(194,081)

(3,000,000)

28.432 28,432

868,350 868,350

(194,081) (194,081)

Balance as at December 31, 2025

776,325 1,020,908

1,020,908

77,628

6,642,000

564,740

7,284,368 9,081,601

  • This represents the Group's share of various reserves held by equity· accounted investees.

The annexed notes from 1 to 29 form an integral part of these condensed interim consolidated financial statements.

�-,.4,� Oo,A&M4A

---

�--

Chief Execut� .»

Chief Fi nancial Officer



Crescent Steel and Allied Products Limited

Condensed Interim Consolidated Statement of Cash Flows (Unaudited)

For the six months period ended December 31, 2025

Note Six months period ended December 31, December 31,

2025 2024

---------- (Rupees in '000) ---------

Cash flows from operating activities

Cash used in operations

23

2,686,170

(755,626)

Taxes refund/ (paid)

40,309

(212,090)

Finance costs paid

(101,097)

(131,723)

Contribution to staff retirement benefits

(21,794)

(13,481)

Contribution to Workers' Welfare Fund

(12,024)

(19,016)

Contribution to Workers' Profit Participation Fund

{38,114)

(91,876)

Long term deposits - net

(2,183)

1,864

Net cash generated from / (used in) operating activities

2,551,267

(1,221,948)

Cash flows from investing activities

Capital expenditure

(117,656)

(305,240)

Acquisition of intangible assets

(5,091)

Proceeds from disposal of operating fixed assets

164,954

1,689

Investments - net

{524,738)

(390,112)

Dividend income received

95,648

423,237

Interest income received

26,642

16,867

Net cash used in investing activities

(355,150)

(258,650)

Cash flows from financing activities

(Repayments of) I proceeds from long term loans - net

(284,672)

16,348

Payments against finance lease obligations

(35,665)

(49,723)

(Repayments of) / proceeds from short term loans obtained - net

(1,260,834)

1,256,818

Dividends paid

(155,049)

(216,040)

Net cash (used in) / generated from financing activities

(1,736,220)

1,007,403

Net increase I (decrease) in cash and cash equivalents

459,897

(473,195)

Cash and cash equivalents at beginning of the period

(530,877)

287,473

Cash and cash equivalents at end of the period

24

(70,980)

(185,722)

The annexed notes from 1 to 29 form an integral part of these condensed interim consolidated financial statements.

Chief Executive

�J I 111.AQJ

c:i'irict� Chief Financial Officer



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