September 29, 2025
FORM-3
The General Manager
Karachi Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road
Karachi, Pakistan.
Subject: Financial Resulk for the year ended June 30, 2025
Dear Sir,
We have to inform you that the Board ot Directors of our Company in their meeting held on September 29, 2025 at 03:30 p.m. at Dewan Centre. 3-A, Lalazar, Beach Hotel Road. Karachi, Pakistan. recommended the following:
CASH DIVIDEND
AND/OR
BONUS SHARES
AND/OR
RIGHT SHARES AND/OR
(ivj ANY OTHER ENTITLEMENT/CORPORATE ACTION
AND/OR
Nil Nil Nil Nil
|v) ANY OTHER PRICE-SENSITIVE INFORMATION Nil
2024 in '000) ------- 22,3 I 9,082 (2 I ,925, 149) |
393,933 |
(149,296) t873,477) (7.881) |
(1.030,654) |
(636,721) 46,6G9 (2 I .090) |
(C 1 l , 142) (279,424) |
(890,566) |
380,854 |
380,854 (509,7 12) ( I .05) |
The financial results of the Company for the year ended June 30, 2025 ore as follows:
" 2025 "
- (Rupees
Turnover - Net Cost of sales Gross profit Distribution cost
Administrative expenses
Other operating expenses
Operating profit / (I oss) Other income
Finance cost
rrofit / (loss) before income tax and levies
Levies
Pi ofit / (loss) before income tax Taxation
Current
Deferred
Loss for the year
Loss pei share - Basic and diluted - (Rupees)
2 I ,4 i 3,394
( I 9.866,927)
I .54G,467
(148,440d
(1,0 16,246)
(44,149)
(1,208,835)
337,63 I
26,159
( I 2,073)
351,715
(267,787)
83,928
(98,273)
(953.443g
( 1 ,05 I ,7 16)
(967,788)
(2.00)
I A @ A vousul= DEwAN COMPANY
DRWAN CEMEN T LI MIXED
Registered Office: Dewan Centre. 3-A, Lalazar Beach Hotel
Road, Karachi - 74000 Pakistan
Fox + 92 21 35630860 I UAN +92 21 111 364 111
Corporate Office: 2nd Floor Block 'A', Finonce & Trade Centre
Skiohrah-e-Foisol, Korochi-753SO Pokiston
Fox +92 21 35é30884, 35+30873 I UAN + 92 21 111 3é4 11 I
ASSETS
NON-CURRENT ASSETSProperty, plant and equipment Long term deposits
Long term loans
STATEMENT OF FINANCIAL POSITION 2025 2024 ----------- (Rapees in '000) ----------- | ||
43,493,809 132,31I 2.925 | 43,714,896 I 32,31 1 2,4 82 | |
43,629,045 | 43,849,689 | |
l,839,92 I 524,240 683,475 337,274 20.369 43,680 882 16 1,630 | I ,909,774 841,176 976,206 366,79 I 13,603 44,7 19 6 12 6 10,349 159,266 | |
3,6 11,471 4.922.496 | ||
47,240,5 l6 48,772,185 | ||
8,500,000 8,500,000 | ||
4,84 1,133 4,841 , 133 2,620,443 3,197,283 629,444 629,444 16,385,954 18,303,818 | ||
24,476,974 26,971,678 | ||
73,886 2,910,000 638,982 12,985.301 | 90,41 9 2,910,000 467,644 I 0,504,942 | |
16,608,1 69 | 13,973,00 5 | |
3,005, 107 579,15 9 792,660 1,730,737 12,926 1,780 33,004 | 4,690,706 S79,159 792,66 l 1,750,270 12,926 ,780 | |
6,155,3 73 7,827,502 | ||
47,240,516 48,772,185 | ||
AS AT 30 I UNE 2025
CURRENT ASSETS
Stores and spare parts Stock in trade
Trade debts - Unsecured
Loans and adwnces - Unsecured, considered good Deposits and prepayments
Other receivables Shon term inwstments Advance tax - Net
Cash and bank balances
EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVESAuthorised share capital
850,000,000 (2024: 850,000,000) Ordinary shares of Rs. 10/- each Issued, subscribed and paid-up share capital
Rewnue reserves
Un-appropriated profit Capital reserve
Merger reserve
Surplus on revaluation of property, plant and equipment
NON-CURRENT LIABILITIESLong term borrowings
Advances for investment in term finance certificates Long term depos its and payables
Deferred tax liability - Net
CURRENT LIABILITIESTrade and other payables Short term borrowings Mark-up payable
Current and overdue portion ofnon-current liabilities Dividend payable
Unpaid and unclaimed dividend Provision for taxation - Net
CONTiNG ENCIES AND COMMITMENTS’@ a vousuP oEwalu COMPANv
DEWAN CEME NT L IMITED
Registered Office: Dewan Centre, 3-A, Lalazar Beach Hotel
Road, Karachi - 74000 Pakistan
Fox +92 2 T 35+30B60 I UAN *92 21 111 354 111
Corporate Office: 2nd Floer, Block 'A', Finance B Trade Centre
Shohroh-e -Foisol, Karachi-75350 Pakistan
r+se 3i asaaoasx, 3ssaos7a I uAu +92 21 11 I z+* 1 i 1
DEWAN CEMENT LIMITED
ATEMENT OF CHANG ES IN EQUITY OR THE YEAR ENDED 30 0 UNE 2025 | ||||||
Issued, subscri bed and paid-up share capital | Revenue reserves Un-appropriate d profi I | I'Ierger reserve Note 1 T | Ca i tal reserves Surplus on revaluation Total capitaI of property, reserves plant and equi pment | |||
-------------------------------------- I Runees in '000) --------------------------—----------- | ||||||
4,84 l , 1 33 | 3,264,738 | 629,444 | I 8,74 G,075 | 19,3 75,5 19 | 27,48 I ,390 | |
(509,7 12) | ( 509,7 1 2) | |||||
(509,7 1 2) 442,257 | (442,257) | (442,25 7) | (509,7 12) | |||
4,84 l , 1 33 | 3, I 97,283 | 629,444 | 1 8,303,8 18 | 1 8,933,262 | 26,97 1,678 | |
(967,788) | t I ,526,9 16) | ( 1.526,9 16) | (967,788) I 1,526,9 16) | |||
(967,788) 390,948 | ( 1,526,9 16) (390,948) | ( I ,526,91 6) (390,948) | (2,494,704) | |||
4,841,133 | 2,620.443 | 629.444 | 1 6,385,954 | I 7,015,598 | 24,476,974 | |
Balance as on 1 I uly 2023
Loss for the year ended 30 I une 2024 Other coirprehensive income
Total coirprehens ive Ioss for the year
Incremental depreciation transferred from surplus on revaluation of property,
plant and equipment - Net of tax
Balance as at 30 June 2024
Loss for the year ended 30 I une 202S Other comprehensive Ioss
Total comprehens ive Ioss for the year
Incremental depreciation transferred from
surplus on revaluation of property,
plant and equipment - Net of tax Bal ance as at 30 June 2025
/* A YOUSU6 DEWAN COM9AN Y
DEWAN CEMENT LIMITED
Registered Office: Dewan Centre, 3-A, Lalazar Bcoch Holcl Road. Karachi - 74000 Pakistan
Fox + 92 2 1 35é30B60 I UAN *92 2 1 1 1 1 364 111
Corporote Office: 2nd floor, Block 'A’. Finance & Tro de Cenlre Shahroh-e-Faisol, Karachi-75350 Pokiston
Fox + 92 2 1 3563086d, 35630873 l UAN * 92 2 1 111 36d 1 11
OWS | |
NE 202 S | |
202 S 2024 | |
-------- (Rupees in ’000) -------- | |
35 1,7 1 5 (G I I , 142) | |
1 .3 55,465 1,4 I 2.9G2 | |
( I g) | |
19,545 | |
1 1,80 1 I 4,836 | |
I 9,654 2,93 I | |
271) ( 190) | |
274 G.234 | |
I ,758,1 83 | 825.632 |
69,853 | (27 I .342) |
316,9.36 | (94.430) |
292,731 | ( 156,039) |
295T7 | (9G,G23) |
(6,766) | 30,702 |
1,037 | G I .070 |
703 .3 10 ( I ,724,798) | (326.662) 296.774 |
736,695 277N93 t276) | 595.744 (269.579) (6.254) |
1,0 I 3,7 12 | |
( 1 , 13 4,3 77) | ( 522.587) |
145 | |
(44.3 ) | 873 |
472,000 | |
( I ,I 34.820) | (49,569) |
STATEMENT OF CASH F R
FOR THE YEAR ENDED 30 I U
CASH FLOWS F ROM OPERATING ACTIVITIESProfit / (loss) before income tax and levies
A‹ljii.stmeittsfor i›oir-cush und other items:
Deprec iation
Gain on disposal of operating fixed assets Workers' Profit Participation Fund Unwinding of discount
Workers' Wet fare Fund
Gain on remeasurement of shoi1 term investments Finance cost
Cash inflows before working capital changes
Movement in ›vorkiitg capital
fii1ci'ease) / dc'ci-c ase in c'iii-i-em ussc°ls
Stores and spare parts Stock in trade
Trade debts - Unsecured
Loans and advances - Unsecured, considered good Deposits and pi epayments
Other recei vables
Trade and other payables Cash generated fi-om operations
P‹iuuentfor:
Taxes net of refund received Finance cost
be i cash inflows from operating act ivit ies
CASH FLOWS F ROM INVESTING ACTIVITIES
Fixed capital expenditures
Sale proceeds on disposal of fixed assets Long term loans disbursed
Long termdepos its placed
Net cash outflo ws from investing activities
A YOUSUF DEWAN COM9AN YRegistered Office: Dewzn Centre. 3-A, Laiazar Beach Hotel
Road, Karachi - 74000 Pakistan
Fax + 92 31 35630860 I UAN +92 21 11 1 364 1 1 1
Corporate Office: 2nd Floor, Block ‘A', Finance & Trade Centre Shohroh•e•FoisoI, Karachi-75350 Pokislon
r x +92 21 35a3og84, assa0873 I UAN + 92 21 1 11 364 111
2024 n ’000) -------- |
t47,033) (148,999) |
(196,032) |
74,310 84,956 |
159,266 |
CA9H F LOWS F ROM FINANCiNG ACTIVITIES | - (Rupees i | |
Repayments of long term borrowings | (47,866) | |
Net movement in Iong term deposits and payables | 1 71,338 | |
Net cash inflows / (out fiows) from financing activities | I 23,472 | |
Net increase in cash and cash equivalents | 2,364 | |
Cash and cash equivalents at the beginning of the year | 159,266 | |
Cash and cush eqni valents at the end of the year | 1 61,630 |
The auditors have issued qualified opinion on financial statements. Qualifications relate to non-provisioning of markup. classification of current Iiab"ilities as non-current liabilities. Furthermore, emphasis of matter paragraph has also been added relating to doubt about company's ab”ility to continue as going concern.
The Annual General Meeting of fhe Company will be held on Monday, October 27, 2025 at
Kardchi, Pakistan.
The Share Transfer Books of the Company will be closed from October 20, 2025 to October 27, 2025 (both days inclusive).
We will send you scanned copy of Financial Statements of fhe Company, in compliance with the PSX circular No. PSX/N-4952 dated August 29, 2018, before 21 days of the AGM.
Sye Direc
Yours faithfully,
Hozrot Ali
Chief Financial Officer
OEWAN CEMENT LIT'3lTED
Corporote Office 2 nd FIoor. Block ’A’, Finonce & Trade Centre SP ohred- e Fchiso: , Koroch' ? 5350 Pakis*on
T x + 92 !. .” o6”u '’-*68 'J, ? ? 306 73 I UAN + 92 2 J J 1 36 J 1 I
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