Dawood Lawrencepur LimitedPSX: DLL

Financial Results for the Quarter Ended March 31, 2025

Apr 30, 2025 at 3:08 AM UTC · Issued by Dawood Lawrencepur Limited

‌Dawood Lawrencepur Limited

April 30, 2025

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building Stock Exchange Road Karachi 74000

Dear Sir,

Financial Results for the Quarter Ended March 31, 2025

We have to inform you that the Board of Directors of Dawood Lawrencepur Limited (the Company) in its Meeting held on April 29, 2025 at 3:00 PM at Dawood Centre, M.T. Khan Road, Karachi, and and via audio/videoconferencing, has approved the un-audited unconsolidated and consolidated condensed interim financial statements of the Company for the first quarter period ended March 31, 2025.

The unconsolidated and consolidated financial results of the Company for the quarter ended March 31, 2025 are attached as 'Annexure A' and 'Annexure B'.

The Quarterly Report of the Company for the period ended March 31, 2025 will be transmitted

through PUCARS separately, within the specified timelines.

Sincerely,

!mran Chagani

Company Secretary

Encl: As above

Head Office/Registered Office: Dawood Centre, M.T Khan Rr ao. Karachi-75 30. Tel +92 21 3568 6001-16, Fax: +92 21 3564 4147 Website: https://www.dawoodIawrencepur.com Email: company.secretary@dawoodhercuIes.com

DAWOOD LAWRENCEPUR LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2025

ASSETS

Non-current assets

Unaudited Audited March 31, December 31,

2020 2024

(Rupeae in '000)

Property, plant and equipment Biological assets

Intangible assets

Long-term investments Long-term deposits Deferred taxation - net

Total non-current aeseB

Current aasea Stores and spares Stock-in-trade Trade debts

Loans to subsidiaries Loans and advances

Deposits, prepayments and other reoeivables Interest accrued

Short term investment

Cash and bank balances ToDI current aeeeB

TOTALASSET9

EQUITY AND LIABILITIES

Equity

Share capital Capital reserves

Unappropriated profit Total equity

Non-current liabilities StaP retirement benefits

Current liabilities

10,G64

1,855

2387,432

2778

24s,1en

1656806

892

1,314

440,099

2710

163652

453,8d5

4,236,466

5,422,281

8,079,087

592,998

206,666

6,346,253

13,619

7,145,917

15,637

1,604

107

2,388,176

2,778

266,557

2,674,850

892

1,376

4d0,039

1,833

87,938

437,782

4,052,957

151,453

5,174,270

7,848,129

592,9g8

206,666

6,321,983

13,223

7.121,647

Trade and other payables	110,231	187,216
Unclaimed dividend	80,734	77,585
Unpaid dividend	296,499	3,284
Provision	7,360	7,360
Taxes payable	424,727	438,814
Total current liabilities	919,551	714,259
Contingencies and commitments	833170	727,482

TOTAL EQUITY AND LIABILITIES

7,849,129

Chief Executive Officer Director

Chief Financial Officer

DAWOOD LAWRENCEPUR LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOBS (UNAUDITED) FOR THE THREE MONTH9 PERIOD ENDED MARCH 31, 2025

Three monthe period ended March 31, March 31,

2025 2024

-------•-{Rupeea In '000)-- -

CONTINUING OPERATIONS

Dividend income

42,645

Operating expenses

(t5,265)

(101,88 )

Other expenses

(240)

(17,890)

(15,495)

(119,578)

Other income - net

149,116

80,258

Finance cost

(192)

(Z8)

Profit before levy and taxation from coninuing operations

13,185

Levy

(16,M0)

(6,382)

Profit before taxation from continuing operations

229,424

6,803

Taxation

ProM after taxation from continuing operations

(M,8##)

240,601

6,803

DISCONTINUED OPERATIONS

Profit from discontinued operations

110,162

7T2

Profit for the period

320,769

T,57'6

Earnings per share - baclc and diluted

Total

6.41

0.13

Continuing operations

3.55

0.11

DiscoMinued operaions

1.86

0.01

Chief Mecutive Officer

Chief Financial Officer

DAWOOD LAWRENCEPUR LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2025

Three months period ended March 31, March 31,

2025 2024

(Rupees In '000)

Profit for the period	320,769		7,575
Total comprehensive profit for the period	320,769		7,575

Chief Executive OI'Ficer Director

Chief Financial Officer

‌DAWOOD LAWRENCEPUR LIMITED

U MOATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE THREE M0NTH9 PERIOD ENDEO MARM 3'l, 2025

Revenue rasgz e

592,988 10.521

25,969 33,311

3,461,234 4,260,808

Thai comgref›eneive ofit tx the three months period erded Mch 31, 2024 7 75 5 5

582g98

10,531

36,885

25.969

33,311

4,268,473

						3,032,393	3,032,393
						(1,320)	(1,320)

Balance as at March 31, gg@ NnaudW)

Profit for the nine months pe ad ended 31, 2024

Other comprehensive loss for tM nine months pedod ended Amber 31. 2024

Total comprehensive profit6 the nine months period ended December 31, 2024

3,031,073

3.031,073

Di?dend for the year ended December 31. 2024 interm @ Rs 3 per share

(177.899)

(177,890)

Balance ac at December 31. 0Z4

592, 98

10,52

136.865

25,969

33,311

206,666

8,321,983

7,121,MT

Bale ee as at December 31. @Z4 / January 1, COM (Wgad)

10.911

as,ese

7,A24.647

Tong reherisive profit for the three months qoriod ended March 31, 2025

final dividend for the yew ended December 31. 2024 @ Ra 5 per share

(296,499)

(Z96,499)

aaia»ce as et Karen at, zozs ‹una•ditedj

sea,ee8

1o,sa1

1ss,ess

zs,see

za,y11

zos,sss

s,34e,zsa

7,1as,s1z

Chief Executive Of cer

Chief FlnanCal 0ff1cer

‌DAWOODLAVVRENCEPUR LHWITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2026

CASN FLOWS FROM OPERA£NG ACTF/ITIE4

Profit before taxation

- -• {Rupees In '000} -----------

y,ETe

Lees: Prof+I before taxation attñbuteble to diecontlnued operetion9

(772)

Profd before taxation from oontinuing ogeretons

229,d24

6,603

Adjustments for non-cash charges end other lteme:

Depreofetion

118

303

Levy

fi e,g4g

6,38z

Provision for gratuity - net

3e6

157

Dividend income

{112.936}

(4 2,545)

Gain on investments at rail value through profit or lose

{116,58a}

(19 922)

Mark - up charged to related parties

(15,697}

(26.a64)

Merk - up charged to Otner parties

{372)

(18,368)

Realized gein short term investment

{134)

(9,zlt6)

Gein on NOT unit

Provislon for impairment of:

y44

(zl68)

- Interest accrued on loen to subsidiary

17,547

Profit on bend depoeite

(2,13g)

(3,585)

Finance costs

{467)

(1,051)

16,fi90 IS,539

(7,292

8.247

Loens end advances

(Decrease} / Increase in current I¥bIIfUee Trede end off+er payables

Cash used in operaaons

Gratuity paid

H5O,¥06)

(81,311)

(1,061)

Finance cost gaio income lax and levy paid Discontinued operations

Net cash used in operating ectivGes

CASH FLOW6 FROM INVENTING ACTNITIE6

Pumheee of property, plent end equipment

Investment in biological essets

(192)(38)

207.862 2 1

{76,710} {02,075)

(452)

{261}

Purchase of *hoñ-farm investments Restricted cagh in excrow account

Proceeds from disposal of short-term investrrient

Subordinated laans io subeidiarioe Advance against right issue

Mark up received from related parties

Profit received on deposits Dividend mccived Efiscontinued operations

Net cosh generated from Invesang acd*lflee

CA6H FLOW9 FROM FINANCING ACT5/ITfES

Dividends paid

Net caeh used in from financing acdvitJea

Net decrease in cash end oash equlv6ents Ceoh end cesh equivalents et end of the peñod

(221,874}

155,093

47,706

123.314

(145,770)

{100,000)

226,993

(303)

(20,000)

3,68fi 42.64fi

104

6,739

1AA,VA1

58,24

Chief Executive Officer Director

Chief Financial Officer

DAWOOD LAWRENCEPUR LIMITED

COC GOLIDATED CONDENSED INTERIM 5 TATEMENT OF FInANCIAL POSITION AS AT MARCH 31, 2026

ASSETS

Non-current assets

Unaudited Audited

March 31, December 31,

2025 2024

-- - --•-- ----(Ru pees in '000) •• •--

Property. gtant and eq'uipment Biological assels

Right-of-vse assets

intangible assets

Long-term invesfments Long-term deposits

Total non-current eaeets

Currem assets Stores and spares Stock-in-trade

Trade debts Contract assets Loans and advances

Oeposits. prepayments and other roceivablea

Accrued interest

Shon-term investments

Cash and bank balances Total current aasets TOTAL ASSETS

EQUITY AND LIABILITIES

Share capilal Capital reserves Revenue reserves

Non-controlling interest

TOTAL EQUITY

Non-current liabilities

Staff retirement benefits

Deferred taxation Long-term borrowings Lease liabilities

Total non-current liabilities Current liabilities

Current portion of:

Long-term borrowings

Lease liabilities Unclaimed dividend Unpaio dividend Taxes Payable

Trade and other payables Prov #iqp

Accrued mark-up

Total current llablllties

TOTAL EOUITY AND LIABILITIES

12,592 501

1,8 55

kg gyg

11.945,628

2,77a

24.611,937

e92 1,314

1,756.8 0

8,092

2,710

2,689,030

48.933

4.261.665

P, 0g4 8 '0

10 854 29b

35.466,233

P3 703. 218

16.204

15 948

2,735 271

2 712 899

1.552,97 9

2.892, 259

108.045

114,085

4,412,499

5,735,191

2,691.651

2,590,377

9,762

9.762

80 734

77.585

296 499

3,284

447.3'2d

}

452 700

59J 199

656,247

7 360

92.298

131.493

3.133.s 9

35,466, 233

12,755,969

1,604

g Fig 107

12,011,194

2,778

24.840, 631

1,376

1,714, 10

7.144

11,487

2.630.275

9,060

40M 52

3.108,39 7

11 S55,393

36 395,924

{692.898)

23.630.6 63

3.10 .17 2

26,731,955

9,663,969

36,395.924

ChieCE*ecuNveOficer Director

Chief Financial Officer

DAWOOD LAWRENcEPuR uuiTED

CONgOLIDATEO CON0ER9ED NTERItg STATEMENT OF PROFIT OR LOSS tUNAUDtTED) FOR THE THREE MONTH PERJOD ENDED gARCH 31, Z026

Unaudlted Three months perioa ended

March 31

2026

Z024

•--- gRupees

In '000) ----

coNzi uics oPewnoN9

Revenue from contracts w!tn customers - net

T40,669

923,834

Cost of revenue

(493.365)

Groea gram

430,249

Admjnlstrative expenaee

(182,674)

Other expenses

(3,658)

(722,422)

Othat Income

269,727

173,$90

Operating proflt / (loss)

4g2,451

(281,257)

Finance cost

(101,596)

(128,329)

Share of profit of assocate

360,500

426.184

Profit berate any and taxation from contlnulng operations

'5t,446

10.598

Levy

(16,940)

(6,382)

Profit betoze taxation from continuing operations

10,216

Taxation

(124,377)

(128,082)

Profit / (loss) from cootlnuing ogeratlone

610,128

(118,766)

OtSCONTlNUED ORERATION8

Profit from discontinued operations

110,162

772

Proflt from disposal group

151

{117,843)

Pram/ r•••› cttribuu#Ie to:

- Owners of the Holding Company

687,043

‹8,z54)

- Non-contrdling interest

32,347

(109,588)

720,290

(117,843)

Jennings / toaa) per share - ba•i• end dlluNd

Tot8l
Continumg operations
11.60 (0.14)
B74 (0.15)

Disposal group and discontinued operations

Chief Executive Officer Director

1.86

cuuf financial Officer

0.02

DAWOOD LAWRENCEPUR LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME (UNAUDITED)

FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2025

Unaudlted Three months period ended March 31 March 31

2020 2024

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

Profit / (loss) for the period

ttems that may be reclassified siiDse9rently tñroupñ

prom or loaa

720,290

(117,843)

Share of other comprehensive income / (loss) of associate - net of tax	(6,743)	(3,570)
Total comprehensive income / (loes) for the period	713,547	(121,413)
Total comprehensive income / (loss) attributable to:
- Continuing operations	603,365	(122,336)
- Discontinued operations and disposal group	110,162	923
	713,547	(121,413)

Total comprehensive income / (loss) attributable to:

Owners of the Holding Company
Non-controlling Interest

681,200

32,347

713,547

(11,824)

(109,589)

(121,413)

Cnief Executive Officer Director Chief Financial Officer

‌OAWOOD LAWRENCEPUR LIMITED

						(8,254	(109.589	(117,843)
						(3,570		(3,670)

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE THREE MONTH PERIOD ENDED MARCH 31, 2025

Attributable to owners of the Hotdng Company

Non •Controlling Interest (NCI)

Total

Share capilal

Capital reserves

Revenue reserves

Merger reserve

Share premium reserve

Capital redemption reserve

Otf+ers

Remeasurement of investments

Unappropriated profit

Balance as at January 1, 2024 (AuditedI

10,521

136,865

25,969

(651,671)

15,978,6 08

2,123, 656

18,216,936

Loss for the period

Other comprehensive loss

Total comprehensive loss for II°e per ad

(651.671)

(11,824)

(109 589)

(121, 413)

Balance as at March 31, 2024 {Unaudited)

592,998

10,521

136,865

25,969

{651,671)

15,966,774

2,014,067

18,095,523

Balance as at la izuary 1, 202f (Audited)

*92,596

1G,SU

136,8G†

Effect of scheme of arrangement

(312,166)

Profit for the period

687,9H 3

32 347

720,290

Other comprehensive loss

{6.743

Total compre Pensive income fcr fhe period

684 ,200

32.347

713,54 7

Transacations with owners

Final dividend for the year ended December 31, 2024 @ Rs 5 per share

t296,4 99)

(296,499)

Balance as at March 31, 2025 (Unaudited)

592,998

10,521

136,865

25,969

(766,253)

{312,166)

24,015,384

3,133,519

27,149,003

Chief Executive Officer

Director

Chief Financial Officer

DAWOOD LAWRENC EPUR LIMITED

CONSOLIDATED CO NDENSEO INTERIM STATEMENT OF CASH FLOWS (UNAuDITED)

FOR TNC TIdREE MONTH PERIOD ENDED MARCn 31, 2028

unaud te<+ _ Three months period ended

. ---}Rupees in '000) ••-

Profil before taxation

Less: Profit before Ination altribulable io Disco6liW9d Ogef6l!o8* Less Profii before taxation all ributaDle lo Disposal 9roup

Prof:i byore laxaflon mom continuing operations

B44,66T

(I 1 0, 162)

734.505

{772)

(151)

3O,24 6

7tajustrn ent for non-ccastn fiarpes and o ttner items:

Provesion for impairment Depjaclation en operal'ng assets

722,078

251.840

Levy

6,940

6,382

Unrealised gain on investments aT fair value through profit or loss

(116.288)

(29,806)

Provision for gratuity - nel

396

382

Finance cosl

94.306

J 28,266

Inc+ease in carrying amourn of assay a ie

4.16.221

S hare of profit of associate

(36Q.590)

(426, B41

Amortizalion of transaction cost

211

213

Loss on disposal of progeny plant and equ›sment Mark - up charged to other part'es

(372)

D.•idend income

12.935)

(42,822)

Profil on deposits

(42,173)

(81.130)

Operating prof' Shore wons›ng capital changes

4%622

S29,211

(Increase) / decrease in current assets

Slock-›n-trade Trade debls

C onlraci a*seis Loans and advances

Deposits. prepaymenls and olher receivables

Increase / (decrease) in current liabilities Contract liabilities

Trade and other payables

6¥

{42.700

982,298

(948

100,166

(276,d30

t200 *06J 687,054

Net cash generated from operations

683,02

1.226,961

Gratuity paid

t1d0)

(1,206)

Finance Cost Paid

Taxes paid Disconlinued operations

(300)

{3g.077

207.790

{2,461)

Disposal group

323,537

Net casln generated from operating aotivi Yes

851,294

1,539.026

CASFI FLOWS FRDM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(1 0,068)

Investment in biological aesets

Addilions lo capilal work-in-progress - nel

Sale proceeds from disposal of properly, plant and equipment Remeasurement of inveslmenl in associate

2.644

(4 J6.221 )

Purchase of shon-term investments Redemption of shon-lerm investments

(225 074 j

155.093

(83.057)

Interest received Oiv dend received

2.672

4.9a,3

43.099

Discontinued operations Disposal group

Net cash utilised in inceating activities

104

(53.C01 }

(107.365)

OASFI FLOWS FROM F•TNANCTNG ACTIVITIES

Repayment of borrowings

Repayment of lease I!ability

Finance oasis paid

Paymenl of dividend

Disposal group

Net cesh used Tn financing activities

Net {aecreaee) in cash anct cash equit agents

	(1 ,z04.91d
{9,762	{9.762
	T170.09Z
(13	(161
	1106.935

Cash and cash equivalents at beginning of the period Cash and cash equivalents at end or tne period

Chief Ezecut'v e Otf1eer

3 J 08.297 2.409.430

2.094,850 2.349 NJ 8

Comet F'-inancial Officer

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