DIEWAN AUTOMOTIVE ENGINEERING LIMITED
September 29, 2023
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road
Karachi, Pakistan.
Subject: Financial Results for the year ended June 30. 2025
FORM-3
Dear Sir,
We have to inform you thot the Board of Directors of our Company in their meeting held on September 29, 2025 at 04:30 p.m. at Dewan Centre, 3-A, Lalozar, Beach Hotel Road, Karachi, POklStan, recommended the following:
(i} CASH DIVIDEND
A ND/'OR
BONUS SHARES AND/OR
RIGHT SHAItES AND/OR
{iv) ANY OTHER ENTI71EMENT/CORPORATE ACTION
AND/OR
{v) ANY OTHER PRICE-SENSITIVE INFORMATION
Nil Nil Nil Nil Nil
The financial results of the Company for the year ended June 30, 2025 are as follows:
202 i 2024
------- (Ituj›ees in '000) -------
Sales - Set C"ost of sales Giuss (loss)
Operat inc (I‹›ss) Otliei' income Finance cost
(Less) hefoi e taxation Taxation - Set
(Loss) Lo r the yeni
(Loss) pei- share - Bas ic and diIuted (R ipees)
: ‹ D Av wswr ozaAmc vPamv
DEWAN AUTOh1 OTIVE ENGINEERING LIMITED
kcgisiered Officc : Dez'an Centre 3-A La iazar Beach HaleI, Road, Karach-i box + 9Z 21 * 5630860 I UAN * 92 2 T I T 364 I I T
7•u3o ra ›sIan
1,508
(2.819)
(2.819)
( 16.752)
7.640
(60,440)
(69,552)
1,640
(67,912)
(3 . 17)
WW .y OU? U K0 EWA N.C OM
DEWAN AUTOMOTIVE ENGINEERING LIMITED
STATEMENT OF FINANCIAL POSITION
AS ON 30 JUNE 2025
ASSETS
NON•CURRENT ASSETS
2025 2024
---- (Rupees ia '000) ----
Property. plant and equipment | 169,417 | I 82,586 | |
Long term deposit | 503 | 503 | |
Available for sale investment | 11.917 | 16.471 | |
181,837 | 199.560 | ||
CURRENT ASSETS | |||
Stock in trade Trade debts Advances | 1,376 | 1.376 | |
Advance income tax - Net | 2,927 | 2.762 | |
Bank balances | 130 | 552 | |
4,433 | 4.690 | ||
186,270 | 204,250 | ||
EOUITY AND LfABILITIES
SHARE CAPITAL AND RMERVES
Authorised share capital
21.800,000 (2024: 21,800,000) Ordinary shares of Rs.10/- each
218,000
218.000
Issued, subscribed and paid-up share capital | 214,000 214,000 | |||
Capital reserve Merger reserve | 82,090 | 82,090 | ||
Settlement claim from Ford Motors | 86.194 | 86.194 | ||
Surplus on revaluation of property, plant and equipment | 51.810 | 55.503 | ||
Revenue reserves General reserve | 9.900 | 9,900 | ||
Accumulated losses | (2,020.547) | (1,972,297) | ||
(1,576,553) | (1,524,610) | |||
NON-CURRENT LIABIL,ITIES | ||||
Long term loan - Unsecured Deferred taxation | I 9,692 | 2M,08 21.200 | ||
19,692 | 305.238 | |||
CURRENT LIABILI TIES | ||||
Current portion of long term loan tiom sponsor | 317,185 | |||
Trade and other payables Short term finance Accused man-up | 378,618 I 54,879 892.449 | 376,294 l 54.879 892,449 | ||
1.743,131 | 1,423,622 | |||
CONTINGENCIES AND COMMITMENTS
186,270 204,250
DEWAM AUTOMOTIVE ENGINEERING LTMTTED
Registered Office: Dewan Centre. 3-A, Lalazor Beoch Hotel, Road, Karachi - 74000 Pakistan Fec *93 21 35640B00 I UAN*9z 21 1 1 1 364 1 1 1
DEWAN AUTOMOTIVE ENGINEERING LIMITED
Issued, substribtd | Revenue reserves | Tofgl | ||||||||
..,., | «.I ., Ford I4otors (Note l2) | re›'aIuation of Tant and | I capital reserves | General reserve | Accumulated losses | Tot'' reserves | ||||
STATEMENT OF CHANGES IN E§UIT1 FOR THE 1'EAR ENDED 30 JLINE 2025
Balance As on I July 2023 | 214,000 | 82,090 | 86,194 | 59,519 | Rv | 227,803 | 9,900 | (1,908,40 I ) | ( 1,898,501 ) | (1,456,698) | |
(Loss) for the year | -- | (G7,9I2) | (£7,912) | (67,912) | |||||||
Other comptehensiie income | |||||||||||
Total comprehensive (loss) for the year | -- | (57,9I2) | £7,9I2) | (67,912) | |||||||
Incremental depreciation transfer trom surplus on revaluation oI"property, plant and equipment -Nel oflax | (4,016 | ) | (4,016) | 4,0IG | 4,0I6 | ||||||
Balance as at 30 June 2024 | 214,000 | 82,090 | 86,194 | 55,503 | 223,787 | 9,900 | (1,972,297) | (I,9G2,397) | (1,524,610) | ||
(Loss) for lhe year | -- | (51,943) | (51,943) | (51,943 | |||||||
Other comprehensive income | |||||||||||
Total comprehensive (loss) for the year | -- | (SI,943) | (51,943) | (51,943) | |||||||
Incremental depreciation transfer from surplus on reyalualion of property', plant and equipmenl - Set oflax | (3,693 | ) | (3,693) | 1,693 | 1,693 | ||||||
Bxlante as at 30 Jvne 2025 | 214,000 | 82,090 | 86,194 | 5I ,810 | 220,094 | 9,900 | (2,020,547) | (2,010,647) | (1,576,553} |
DEWAM AUTOMOTIVE ENGINEERING LIMITED
Regis*ered Office: Dewan Centre, 3-A, Lalazar Beach Hotel, Road. Karachi - 74000 Pakistan Foa -+ 93 2 4 85630880 I UAN + 92 21 1 1 1 364 1 1 T
DEWAN AUTOMOTIVE ENGINEERING LIMITED
STATEMENT OF CASH F£OWS
FOR THE 1'EAR ZNDED 30 JLINE 2025
CASH FLOYS FROM OPERATING ACTIVITIES
2025 224
-(Ruqeio000-
tLoss) before taxation
Adjustmentfor non cash charges and other items
Depreciation
Impairment / (reversal) of impairment on investment in associate Unwinding of discount
Finance cost
Cash fiows before working capital changes
Working cnyitnl cfionges (iI1crease}/decrease in ctirreni asseu Incl-ease/'(deci-ease) in current liabilities
Trade and other payables
Set cash generated from operations
Finance cosi Income iax
Net cash (outflow) / inflows from operating activioes
CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS £ROM FINANCING ACTIVITIES
Short tems finance • received
Short term finance • paid
(53.451 )
13.169
4.534
33.147
352
(2.229)
2.324
2.324
95
(352)
( 165)
(422)
t69.552)
14,376
(6.537)
29,683
30.757
(1,273)
1.475
k475
202
1165)
37
( 54 87 )
Net cash inflows from financing activities
Set (decrease) / increase in cash and cash equivalents Cash end cash equivalents at the beginning of the year
(422)
552
37
515
Cash and each equivalents gt the end of'the yeqr fi52
The Auditors have expressed adverse opinion on going concern assumption used in preparation of financial statements and non-revaluation of property plant and equipment with sufficient regularity.
The Annual General Meefing of the Company will be held on Monday, October 27, 2025 at Karachi. Pakistan.
The Share Transfer Books of the Company will be closed from October 20. 2025 to October 27.
2025 (both days inclusivej.
We will send you scanned copy of financial Statements of the Company. in compliance with the PSX circular No. PSX/N-4952 dated August 29.2018, before 21 days of the AGM.
Mehmood-uI-Hassan hor
Director
Yours faithfully,
Muhomm onif ermon Company ecreta
A vousul= oswAui coIuPAniv
oewau auzouonve e/aanveen4ve Lwizeo
Registered Office: Dewan Centre, 3-A, Lalazar Beach Nobel, Roed. Karachi - 74000 Pakistan
£o« +92 35ñ30Bb0lUAM +922l lIl 36 111