STEELS LTD.
October 06, 2025
The General Manager
Paklstan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Dear Sir
FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30.2025
We would like to inform you that the Board of Director of Dost Steels Limited in their meeting held on Frklay, October 3, 202S at Office # 6-F, 4" Floor, AI-Hafeez Tower, M.M. Alam Road, Gulberg-III, Lahore, has approved the Annual Audited Financial Statements for the year ended June 30, 2025 and recommended the following:
Cash Dividend: NIL
eonus Shares: NIL
Right Shares: NIL
Any Other Price-Sensitive Information: NIL
The financial results of the Company are attached along with the following documents: o Statement of Profit & Loss;
Statement of Financial Position;
Statement of Changes in Equity; and e Statement of Cash Flows.
Financial HlghlixhH
June 30, 2025 | June 30, 2024 | |
Profit/ tloss) for the year | Rs. 302,460,579 | Rs. (242,235,923) |
Earnings/ (loss) per share - basic and diluted | Rs. 0.68 | Rs. {0.65) |
Equity | Rs. 6,451,044,137 | Rs. 311,648,567 |
ereak-up value per share | Rs. 14.51 | Rs. 0.70 |
Total Assets | Rs. 10,294,310,767 | Rs. 2,593,182,330 |
The Annual General Meeting of the Company will be held on October 28, 2025 at 09:00 a.m at the Dost Steels Limited registered office # 6-F, 4"' Floor, Al-Hafeez Tower, M.M. Alam Road, Gulberg-III, Lahore.
The Shares Transfer Books of the Company will remain closed from October 22, 2025 to October 28, 2025 (both days inclusive). Transfers recelved at the office of our Share Registrar, Corplink (Pvt.) Limited, Wings Arcade, 1-K Commercial, Model Town, Lahore, at the close of business on October 21, 2025, will be treated in time for the purpose of above entitlement to the transferees.
The Annual Financial Statements of the Company will be transmitted through PUCARS at least 2i days before holding of Annual General Meeting.
Yours sincerely,
For and on behalf of Dost Steels Limited
Company Secretary
Head Olfice: Rbom No. 401, 4th Floor; Shim Trade Centre. 1-Aibak Block, Barkal Market, New Garden Town, Lahore-54700• Tel: 111375 (DSLj 000
, - I} , M1I S0e: 52 km. Multan load, Phoolnagar - 55260, Pakistan.
@ https://www.doststeeIs.com - info@doststeels.com f /doststeeIs In /compony/dost-steels-ltd
DOST STEELS LIMITED STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
NOTE
2025
Rupees
2024
Rupees
PROPERTY AND ASSETS NON-CURRENT ASSETS
Property, plant and equipment
Intangible arsets
Long term security deposits Deferred tax
CURRENT ASSETS
Stores and spares Stock in trade Trade debtors Advances
40,299.480 | 45,202,844 | |||
TOTAL PROPERTY AND ASSETS | 10.294.310.767 | 2,593,182,330 | ||
EQUITY AND LIABILITIES | ||||
SHARE CAPITAL AND RESERVES | ||||
Share capital | 15 | |||
Discount on issue of shares | 16 | |||
Surplus on revaluation ofproperty, plant and equipment | 17 | |||
Revenue reserve Accumulated loss | ||||
Taxes recoverable/ adjustable Cash and bank balances
10,213,458,842 | 2,507,457,041 | |
1,000 | ||
40,55t,445 | 40,521,445 |
7
10,254,011,287
26,645,775 | 26,845,770 |
1,082,384 | 672,594 |
11,694,502 | 16,770,258 |
676.819 | 914.217 |
10
I I
12
13
14
2,547.979,486
4,446,955,77tI | 4,446,950,770 |
(2,130,224,462) | (2, 130,224,462) |
5,836,934,991 | |
(1,702,622.162) | (2,005,082,741) |
Capital reserve
NON-CURRENT LIABILITIES
Advance for issuance of shares - unsecured Long term borrowings - secured
Markup accrued on secured borrowings Deferred liabilities
Deferred tax liability
6,451,044,137 311,648,567
3,829,952 | 3,829,902 |
619,057,488 | 96,366,221 |
652,096,910 | 614,940,264 |
27,012,681 i.g22.sss,a93 | 26,121,680 |
18
19
20
21
35,362,35tI | 46,907,433 |
17,311,804 | 591,743,197 |
298,852,040 | 204,176,534 |
S15,621,971 51.484,733 | 697,448,482 |
3,124,633,724
741,258,t17
Trade and other payables - unsecured | 22 | ||
Accrued markup | 23 | ||
Short term borrowings - unsecured | 24 | ||
Current and overdue portion ofnon - current liabilities Provision for taxation | 19-20 | ||
CONTINGENCIES AND COMMITMENTS | 25 | 716,632,'/06 | 1,540,275,646 |
TOTAL EQUITY AND LIABILITIES | 10.294,310.767 | 2.593.182.330 | |
The annexed notes I to 42 form an integral part of these financial statements. | |||
Chief xec '
icer
Director
DOST STEELS LIMITED
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2025
NOTE | 2025 Rupees | 2024 Rupees |
Sales | |||||
Cost of sales | 2G | (52,468,778) | |||
Gross loss | (38,608,047) | (S2,468,TT8) | |||
Administrative and selling expenses | 27 | (11,068,614) | (30,788,542) | ||
Finance cost | 28 | (129,249,631} | (177,220,020) | ||
Other income | 29 | 481,777.658 | 18,241,417 | ||
Other expense | 30 | (7,904,228) | |||
Profit (loss) before levies and tnzation | 294,947,144 | (242,235,923) | |||
Levies | 31 | (51,484,733) | |||
Profit/ (loss) before income tax | 243,462,411 | (242,235,923) | |||
Taxation - Income tax | 32 | 58,g98,168 | |||
Profit/ (loss) for the year | 302,460,579 | (242,235,923) | |||
OTHER COMPREHENSIVE LNCOME- NET OF INCOME TAX | |||||
7,718,569,852 ‹1.881,634.861) |
Items that will not be reclassified subsequently to the statement of profit or loss
Items that wiil be reclassified to ihe statement ofprollt or loss
Surplus on revaluation ofproperty, plant and equipment Related impact on deferred tax
Other comprehensive income for the year | 5,836,934,991 | |||
Total comprehensive income/ t*••s) for the year | 6,139,395,570 | (242,235,923) | ||
Earninga/ (loss) per share - basic and diluted | 33 | 0.68 | (0.65) | |
The annexed notes 1 to 42 form an integral part of these financial statements. | ||||
Chief Executive Officer
Chief Fina
Ificer
DOST STEELS LIMHD STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
D ooent on | Cogital reserve | | Reyeaue reaene | |||||
GurgTu¥ or | |||||||
Shares issued durmg ltte yar
Issuance of 128,9b1,717 ordiruny shares ofRs. 10 esch by other than riehi issue
Loss for the year
Balaace as at 30 auoe 2e24
Total comprelwnstve incomer Poifit tor the car
Other- comprehensive income tor the yrar
3.I J7538,600 f1,â65.481.4g0)
303.460,579
301,4ev,579
S,836,934,991
4.446,955,770 (2,130,224.462)
ri,7+z,s4r.so s›
I,289,6 17, 170
1,289,617. 170
I ,289,6 17. 170
(764.742,982j
f764.742.982)
('764,742.982)
524,874,188
{242,235.923) (242,235.923
(242,235,923)
29,0f 0.302
(242,23•i.923)
Thr annexed notes I to 42 form an witegral part of thest financial statements.
Chld Eseeu'
cer
E+treetor
DOST STEELS LIMITED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
NOTE | 2025 Rupees | 2024 R.ugees |
CASH FLOWS FROM OPERATIJ'vG ACTIVITIES Profit/ (loss) before levies and income tax | 294,947,144 | (242,235,923) | |
Adjustments for non-cash and other items: | |||
Depreciation | 12,568,051 | 14,027,025 | |
Finance cost | 129,249,631 | 177,220,020 | |
Provision fOr gratuity | 820,664 | ||
Gain on derecognition of financial liability Reversal of impairment allowance for expected credit loss (ECL) | (18,238,950) | ||
Profit on bank deposit accounts | (2,467) | ||
(338#46O80) | 173,826,292 | ||
Operstlng cash ftowe before working capital changes | 43,298,939) | (68,409,631) | |
(Increase)/ decrease in current assets: |
(4p9,yq0) | 589, 144 |
5,075,756 | (2,172,205) |
(6,208,22) | 3,541,395 |
Advances
Taxes recoveable/ adjustable
Increase/ (decrease) in current liabilities:
Trade and other payables
(1,Sd2,255) | 1,958,334 | ||||
C•eh used In operafions | (44,841,194) | (66,451,297) | |||
Finance cost paid | (41,7j0) | (49.495J | |||
Net cash flows used in operafing actlvifies | (44,882,904) | (66,500,792) | |||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||
Long term security deposits | |||||
Profit received on bank deposit accounts | 2,467 | ||||
Net cssh II • t••edin)/ generated from investing activities | (30,000) | 2,467 | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Short term borrowings-unsecured-net | 94,675,506 | (103,320,693) | |||
Payment ofborrowing | (50,000,000) | ||||
Issuance ofordinary sharer otherthan right issue- net ofadvance for | I70,604,l2l | ||||
issuance of sharm | |||||
Net czsh flowe generated from financing activities | 44,635,506 | 67,283.428 | |||
T"/et (decrease)/ increase iq cab gqd curb eguivaleate durtag the year | (237,398) | 785,103 | |||
Cash and cash equivalents at the beginning of the year | 914,217 | 129,114 | |||
Cash and cash equivalents at the end of the year | 14 | 676,819 | 914,217 | ||
The annexed notes 1 to 42 form an integral part of these financial statements.
Director