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ʹ˂˅ ˇʻʸ ˁʼˁʸʠˀ˂ˁˇʻ ˃ʸ˅ʼ˂ʷ ʸˁʷʸʷ
ˀʴ˅ʶʻ ʦʤʟ ʥʣʥʩ
TABLE OF
CONTENTG
l. Vision & Mission Gtatement
2. Corporate Gtrategy
;. Company Information
4. Directors˙ Report (English)
3. "Annexure A" To The Directors˙ Report (English)
Directors˙ Report (Urdu)
"Annexure A" To The Directors˙ Report (Urdu)
Con6ense6 Interim Gtatement of Financial Position
A. Con6ense6 Interim Gtatement of Profit or Loss
| ; | 4 | 3 | 6 | A | lo | l; | l4 | l3lo.Con6ense6 Interim Gtatement of Comprehensive Income
ll. Con6ense6 Interim Gtatement of Changes in Equity l2. Con6ense6 Interim Gtatement of Cash Flows l;. Notes to the Con6ense6 Interim Financial Gtatements
| l6 | l7 | l8 | 2ool
QUALITY IS OUR FORTÉ
o2
Vision & Mission
[ƀĜƀĴŞĴşƀ
To be a humane, cost-effective and environmentally responsible provider of industrial packaging solutions creating value for customers and all stakeholders across the board.
o;
Corporate Gtrategy
Retain market share lea6ership through quality an6 price competitiveness while creating value as a low cost pro6ucer.
o4
COMPANY INFORMATION
BOARD OF DIRECTORS
Mr. Asad Ali Sheikh Chairman of the Board
Mr. Hussain Jamil Chief Executive Officer
Mr. Ameen Jan Non-Executive Director
Mr. Zohair Ashir Non-Executive Director
Mr. Ali Jamil Non-Executive Director
Ms. Sonya Jamil Non-Executive Director
Ms. Laila Jamil Non-Executive Director
AUDIT COMMITTEE
Mr. Ameen Jan Chairman
Mr. Asad Ali Sheikh Member
Mr. Ali Jamil Member
Ms. Laila Jamil Member
HUMAN RESOURCE AND REMUNERATION COMMITTEE
Mr. Zohair Ashir Chairman
Mr. Ameen Jan Member
Ms. Sonya Jamil Member
Ms. Laila Jamil Member
CHIEF OPERATING OFFICER
Mr. Mohammad Raza Chinoy
CHIEF FINANCIAL OFFICER
Mr. Muhammed Ali Adil
COMPANY SECRETARY
Mr. Ali Abdullah
BANKERS
Askari Bank Limited PAIR Investment Co. Ltd.
The Bank of Punjab Habib Bank Limited
Soneri Bank Limited Bank Al-Habib Limited Habib Metropolitan Bank
EXTERNAL AUDITORS
A. F. Ferguson & Co. Chartered Accountants
LEGAL ADVISOR
M/s MTC-Mohsin Tayebaly & Co. Advocate & Corporate Counsel
SHARE REGISTRAR
M/s. THK Associates (Pvt.) Limited Ballotter, Share Registrar & Transfer Agent
Plot No. 32-C, Jami Commercial Street 2, D.H.A. Phase VII, Karachi, 75500, Pakistan
REGISTERED OFFICE AND FACTORY
112-113, Phase-V, Hattar Industrial Estate, Hattar, District Haripur, Khyber Pakhtunkhwa Tel: (0995) 617720 & 23, 617347, Fax: (0995) 617074
Web: https://www.ecopack.com.pk
DIRECTORG' REPORT
The Board of Directors of EcoPack Limited is pleased to present its Directors' Report along with the unaudited financial statements of the company for the 9-Month period ended 31st March 2026:
OVERVIEW
The occurrence of two distinct events during the 9-months of FY2026 under review, compared to the prior year corresponding period, have had an over-arching impact on the performance of the company. Firstly, contrary to the commensurate quarter last year, Q1FY26 was adversely impacted by the widespread damage caused by the devastating floods which commenced from the north of the country i.e., KP province. Subsequently, the roaring rivers travelled through Punjab, culminating in Sindh, while wreaking havoc and destruction to life and infrastructure in their wake. The sudden and unforeseen release of flood waters from our eastern border exacerbated the situation further.
Hence, your company's Q1 sales saw a sharp reduction as rural communities and economies struggled to recover their losses of livelihood, crops and livestock to rebuild their lives.
Secondly, while economic activity resumed gradually but strongly in Q2 and Q3, the Middle East war unexpectedly flared up at the tail end of February 2026 encompassing several countries. The immediate fallout began causing massive disruptions in international shipping and Supply-Chain of goods emanating from the Persian Gulf region. Consequently, crude oil supply and prices, which were largely viewed to be in the softening mode, abruptly spiraled out of control exceeding a high of USD120/barrel at their peak. This led to immediate sharp price increases in Crude oil as well as other Petro-chemical derivatives such as PET resin, packing materials, international shipping & truck freights and local transportation of goods, etc. As the war situation deepened and shipping from the GCC countries reduced to a trickle in the ensuing 6 weeks, prices of related commodities hit sky high levels with the added uncertainty of supply shortages.
Your company's management took timely steps in keeping with its strategy of vigilantly maintaining adequate stocks of most of its raw & packing materials. Thus, essential raw materials were beefed up as per plan, on account of the impending approach of Ramzan, followed by the usual high sale summer season months of the last quarter of FY26. Hence, your company was able to meet and fulfil all its supply commitments and further bolstered its reputation of being a reliable and trustworthy vendor to the Beverage and Edible oil industry, even in these unpredictably difficult times.
As such, despite rising costs & inflation negatively impacting the common consumers' purchasing power, your company is on track towards prudently supporting its customer base, while remaining on course to achieve its annual financial targets, as the results below indicate.
SALES & FINANCIAL HIGHLIGHTS
A summary of financial highlights for the 9 months period ended March 31, 2026 is appended herewith below:
PKR in million except EPS | 9MFY26 | 9MFY25 |
Gross Revenue | 5,591 | 5,933 |
Net Revenue | 4,738 | 5,027 |
Gross Profit | 868 | 794 |
GP as % of Net Revenue | 18% | 16% |
Operating Profit | 533 | 494 |
Net Profit before tax | 431 | 342 |
Net Profit after tax | 241 | 210 |
Earnings Per Share (PKR) | 4.99 | 4.36 |
⏺ Topline Revenue: Net sales for the 9MFY26 have slightly declined to Rs. 4.74 billion against Rs. 5.03 billion for the same period last year, reflecting a decrease of 6%. The main driver of this decrease is the reduction in PET Resin prices by 9% which is the primary raw material for Preforms & Bottles. Accordingly, the topline sale value has also reduced as it is based on the PET Resin prices prevailing in the market. Moreover, Bottles sales volume also decreased amid unprecedented floods country-wide in the first quarter of the current financial year.
⏺ Gross Profit: Gross profit increased to Rs. 867.7 million for the period under review against the gross profit of Rs. 794.3 million last year. Consequently, the gross profit percentage also increased to 18.3%, compared to 15.8% last year. This potential increase clearly reflects our operational efficiencies.
⏺ Operating Profit: Operating profit was achieved at Rs. 533.3 million for the current year's 9 months period, an increase of Rs. 39.5 million i.e., 8% (9MFY25: Rs. 493.8 million) against the same period last year. Operating profit to net sales was 11.3% in the 9MFY26 (9MFY25: 9.8%) mainly due to efficient cost control & operational efficiencies.
⏺ Financial charge: In line with the decreasing trend of the SBP discount rate due to sharp decrease in inflation, the financial charges decreased accordingly by 32% i.e., from Rs. 151.5 million (9MFY25) to Rs. 102.4 million during the period under review. The decrease in financial cost was mainly driven by the reduction in KIBOR and SBP discount rates. Average KIBOR decreased from 14.31% per annum in the same period last year to 10.96% during 9MFY26. Improvement in bank spread over KIBOR and efficient utilization of credit lines, also helped reduce financial cost.
⏺ Profit Before & After Tax: Profit before tax was recorded at Rs. 430.9 million during 9-months this year against Rs. 342.3 million for the corresponding period last year i.e., an increase of 26%. Profit after tax was recorded at Rs. 240.9 million, showing a growth of 15% over last year's profit after tax of Rs. 210.4 million.
⏺ Earnings per share (EPS): EPS increased accordingly to Rs. 4.99 per share this year against Rs. 4.36 per share in 9MFY25.
⏺ Cash Flows: Operating cash flows reflect cash used in operations by Rs. 392 million versus cash generated in 9MFY25: Rs. 145 million.
⏺ Financial Position: The balance sheet continues to remain healthy with shareholders' equity standing at Rs. 1.81 billion. The debt-to-equity ratio arrived at 13:87 compared to 12:88 as on
June 30, 2025. Current ratio stood at 1.07:1 as compared to 1.15:1 as on June 30, 2025. The financial indicators of your company are clearly reflecting ongoing financial prudence and stability.
FUTURE OUTLOOK
Although prices of raw materials and high cost of fuel and transportation have started driving up inflation across the board, your company's customers comprising mainly the Food & Beverage (F&B) industry seem to be absorbing the cost increases presently, so as to invigorate their sales as per projections planned for the ongoing summer sales. This is an effort to assist its mass consumer base to continue normal consumption at affordable pricing, thereby mitigating industry costs by spurring higher beverage sale volumes.
As apprised earlier in the Half-year reports, your company is in the process of substantially increasing its Preform production targeting the recent capacity expansions of its customers via investments in large scale filling plants to meet their own market growth amidst rising consumer demand. Keeping abreast of the visible growth, your company had already brought on-stream additional bottle-blowing capacity last year, and will also be enhancing our Preform manufacturing capacity substantially by the end of this financial year. This will further augment the supply-side capability of your company sufficiently to gain extra market share in the rapidly growing F&B market.
One of the key measures being adopted by your Company, in order to remain competitive and profitable, is the enhancement of solar electricity generation. Approximately 2MW of electricity generation from solar will also come onstream within Q4FY26.
RISK
Supply-chain disruptions and rising inflationary costs due to the present Middle-eastern wars impacting our region, pose the greatest challenge to stability. This factor, as well as timely availability of imported petroleum products, plus related raw materials, continues to be a threat to attaining secure industrial production and growth.
Your company's main raw material is PET Resin which is a downstream derivative of the Crude oil chain. It is feared that costs may escalate or continue to stay at relatively high levels on account of war damages to refining oil & gas infrastructure. Crude oil being a basic denominator of most industrial materials as well as costs of electricity, transport & logistics, could lead to sharply increasing our cost base, and could adversely impact profitability going forward.
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
ASAD ALI SHEIKH
DIRECTOR
April 28, 2026
HUSSAIN JAMIL
CHIEF EXECUTIVE OFFICER
"ANNEHURE A" TO THE DIRECTORG˙ REPORT
The Composition of Board is as follows:
Male : 05
Female : 02
The composition of Board is as follows:
Independent Directors
Mr. Ameen Jan (2) Mr. Zohair Ashir
Non-executive Directors
Mr. Asad Ali Sheikh (2) Mr. Ali Jamil
Executive Director
Mr. Hussain Jamil (Chief Executive Officer)
Female Directors
Ms. Sonya Jamil (2) Ms. Laila Jamil
The Board has formed committees comprising of members given below:
Audit Committee
Mr. Ameen Jan - Chairman
Mr. Asad Ali Sheikh - Member
Mr. Ali Jamil - Member
Ms. Laila Jamil - Member
Human Resource and Remuneration (HR & R) Committee
Mr. Zohair Ashir - Chairman
Mr. Ameen Jan - Member
Ms. Sonya Jamil - Member
Ms. Laila Jamil - Member
Board has approved the Remuneration Policy of Directors; significant features are as follows:
⏺ The Board of Directors ("BOD") shall, from time to time, determine and approve the remuneration of the members of the BOD for attending Board Meetings. Such level of remuneration shall be appropriate and commensurate with the level of responsibility and expertise offered by the members of the BOD and shall be aimed at attracting and retaining members needed to govern the Company successfully and creating value addition.
⏺ No single member of the BOD shall determine his/her own remuneration. For & on behalf of the Board of Directors
ASAD ALI SHEIKH
DIRECTOR
April 28, 2026
HUSSAIN JAMIL
CHIEF EXECUTIVE OFFICER
Ec Pock Ltd
IXanufacturers Of Quality PET Bottles 6 Prefoms
5,591
5,933
5,027 | 4,738 | |
794 | 868 | |
16 | 18 | |
494 | 533 | |
342 | 431 | |
210 | 241 | |
4.36 | 4.99 |
Ec Pock Ltd
IXanufacturers Of Quality PET Bottles & Prefoms
Ec Pock Ltd
IXanufacturers Of Quality PET Bottles 6 Prefoms
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CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS ON MARCH 31, 2026
Unaudited Audited
March 31, June 30,
2026 2025
Note Rupees in thousand
NON CURRENT ASSETS | ||||
Property, plant and equipment | 4 | 2,211,817 | 1,875,287 | |
Intangible assets | 2,297 | 2,246 | ||
Long term deposits | 14,506 | 14,506 | ||
2,228,620 | 1,892,039 | |||
CURRENT ASSETS | ||||
Stores, spares and loose tools | 5 | 86,802 | 106,528 | |
Stock-in-trade | 6 | 1,234,306 | 473,965 | |
Trade debts | 707,432 | 623,925 | ||
Loans and advances | 7 | 170,798 | 67,839 | |
Deposits, prepayments and other receivables | 9,875 | 7,896 | ||
Advance tax - net | 44,577 | 70,287 | ||
Cash and bank balances | 93,445 | 103,241 | ||
2,347,235 | 1,453,681 | |||
TOTAL ASSETS | 4,575,855 | 3,345,720 | ||
SHARE CAPITAL AND RESERVES | ||||
Authorized capital | 8.1 | 1,000,000 | 1,000,000 | |
Issued, subscribed and paid-up capital | 8.2 | 482,584 | 482,584 | |
Revenue reserve - Unappropriated profits | 1,018,180 | 857,623 | ||
Capital Reserve - Surplus on revaluation | ||||
of property, plant and equipment | 9 | 310,515 | 326,624 | |
1,811,279 | 1,666,831 | |||
NON-CURRENT LIABILITIES | ||||
Long term finances - secured | 10 | 155,456 | 100,726 | |
Other long term liabilities | 2,182 | - | ||
Lease liabilities | 11 | 38,135 | 55,308 | |
Deferred tax liabilities - net | 372,248 | 257,896 | ||
568,021 | 413,930 | |||
CURRENT LIABILITIES | ||||
Employees' retirement benefits | 67,289 | 63,654 | ||
Trade and other payables | 13 | 429,759 | 471,578 | |
Contract liabilities | 32,396 | 21,273 | ||
Unpaid dividend | 6,937 | 3,114 | ||
Short term borrowings and running finance - secured | 1,579,164 | 636,406 | ||
Current maturity of non-current liabilities | 81,010 | 68,934 | ||
2,196,555 | 1,264,959 | |||
Contingencies and commitments | 14 | - | - | |
TOTAL EQUITY AND LIABILITIES | 4,575,855 | 3,345,720 | ||
___________
The annexed notes 1 to 25 form an integral part of these financial statements.
___________
Chief Financial Officer
Chief Executive Officer
Director
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED)
FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026
March 31, 2026 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |||||
Revenue from contracts with customers | Note | - Rupees 2,194,355 2,310,877 | n | thousand ------- 5,591,088 | -- | ----------- 5,932,958 | ||
Sales tax | (334,712) | (352,583) | (852,620) | (905,698) | ||||
Revenue from contracts with customers - net | 15 | 1,859,643 | 1,958,294 | 4,738,468 | 5,027,260 | |||
Cost of sales | 16 | (1,402,655) | (1,606,629) | (3,870,725) | (4,232,996) | |||
GROSS PROFIT | 456,988 | 351,665 | 867,743 | 794,264 | ||||
Selling & distribution expenses | (63,063) | (55,662) | (157,416) | (139,138) | ||||
Administrative and general expenses | (49,432) | (41,571) | (143,394) | (122,263) | ||||
Other expenses | (21,823) | (15,509) | (32,740) | (43,623) | ||||
Other income | 9 | 3,788 | 37 | 4,590 | ||||
Net impairment loss on financial assets | - | - | (880) | - | ||||
(134,309) | (108,954) | (334,393) | (300,434) | |||||
OPERATING PROFIT | 322,679 | 242,711 | 533,350 | 493,830 | ||||
Finance cost | (42,965) | (44,950) | (102,395) | (151,522) | ||||
PROFIT BEFORE TAXATION | 279,714 | 197,761 | 430,955 | 342,308 | ||||
Income tax expense | (127,123) | (71,531) | (189,990) | (131,878) | ||||
PROFIT AFTER TAXATION | 152,591 | 126,230 | 240,965 | 210,430 | ||||
Earnings per share - basic (Rs) | 17.1 | 3.16 | 2.62 | 4.99 | 4.36 | |||
Three-month period ended Nine month period ended
i
___________
The annexed notes 1 to 25 form an integral part of these financial statements.
___________
Chief Financial Officer
Chief Executive Officer
Director
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)
FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026
Three-month period ended Nine month period ended
March 31, March 31, March 31, March 31,
2026 2025 2026 2025
Note -------------------- Rupees in thousand --------------------
PROFIT AFTER TAXATION | 152,591 | 126,230 | 240,965 | 210,430 |
OTHER COMPREHENSIVE INCOME: | ||||
Other comprehensive income | - | - | - | - |
TOTAL COMPREHENSIVE INCOME | ||||
FOR THE PERIOD | 152,591 126,230 | 240,965 210,430 | ||
___________
The annexed notes 1 to 25 form an integral part of these financial statements.
___________
Chief Financial Officer
Chief Executive Officer
Director
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED)
FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026
Share Capital
Unappropriated profits
Surplus on revaluation of property and plant
Total
Rupees in thousand
Balance as at July 1, 2024 (audited) 482,584 573,887 240,077 1,296,548
- Profit for the period | - | 210,430 | - | 210,430 |
- Other comprehensive income - net of tax | - | - | - | - |
Total comprehensive income for the period | - | 210,430 | - 210,430 | |
Transfer from surplus on revaluation of property, plant | ||||
and equipment on account of incremental depreciation | ||||
for the period - net of deferred taxation | - | 17,985 | (17,985) - | |
Transactions with owners, recorded | ||||
directly in equity | ||||
Distribution to owners | ||||
- Payment of final cash dividend @ 15% | - | (72,388) | - (72,388) | |
Balance as at March 31, 2025 (unaudited) | 482,584 | 729,914 | 222,092 | 1,434,590 |
Balance as at July 1, 2025 (audited) | 482,584 | 857,623 | 326,624 | 1,666,831 |
- Profit for the period | - | 240,965 | - | 240,965 |
- Other comprehensive income - net of tax | - | - | - | - |
Total comprehensive income for the period | - | 240,965 | - 240,965 | |
Transfer from surplus on revaluation of property, plant | ||||
and equipment on account of incremental depreciation | ||||
for the period - net of deferred taxation | - | 16,109 | (16,109) - | |
Transactions with owners, recorded | ||||
directly in equity | ||||
Distribution to owners | ||||
- Payment of final cash dividend @ 20% | - | (96,517) | - (96,517) | |
Balance as at March 31, 2026 (unaudited) | 482,584 | 1,018,180 | 310,515 1,811,279 | |
___________
The annexed notes 1 to 25 form an integral part of these financial statements.
___________
Chief Financial Officer
Chief Executive Officer
Director
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026
March 31, March 31,
2026 2025
Note Rupees in thousand | |||
CASH FLOW FROM OPERATING ACTIVITIES | |||
Profit before taxation | 430,955 | 342,308 | |
Adjustments for non-cash items: | |||
Depreciation and amortization Gain on disposal of property, plant and equipment | 152,880 (28) | 135,137 - | |
(Reversal) / provision for slow moving inventories | 16 | (544) | 17,052 |
Charge against other long term liabilities | 2,182 | - | |
Provision for Workers' Welfare Fund | 9,555 | 8,683 | |
Provision for Workers' Profit Participation Fund | 23,185 | 18,554 | |
Impairment on idle fixed assets | - | 15,029 | |
Net impairment loss on financial assets | 880 | - | |
Provision for gratuity | 12,385 | 10,021 | |
Finance cost 102,395 151,522
733,845 698,306
Changes in working capital
Increase in inventories 5 & 6 (740,071) | (257,731) | |||
Increase in trade debts (73,264) | (93,540) | |||
Increase in loans and advances | 7 | (102,959) | (8,402) | |
Increase in deposits, prepayments and other receivables | (1,979) | (8,251) | ||
Increase in trade and other payables | (31,601) | 68,351 | ||
(949,874) | (299,573) | |||
(216,029) | 398,733 | |||
Finance cost paid - short term borrowings | (74,347) | (129,577) | ||
Workers Welfare Fund paid | (12,308) | (5,533) | ||
Workers' Profit Participation Fund paid | (30,650) | (12,005) | ||
Contributions to gratuity | (8,750) | (3,873) | ||
Income taxes paid | (49,928) | (102,176) | ||
Net cash (used in)/ generated from operating activities | (392,012) | 145,569 | ||
CASH FLOW FROM INVESTING ACTIVITIES | ||||
Purchase of property, plant and equipment - net | (489,724) | (163,203) | ||
Investment in intangible assets | (764) | - | ||
Sale proceeds from disposal of property, plant and equipment | 1,053 | 3,762 | ||
Net cash used in investing activities | (489,435) | (159,441) | ||
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)
FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026
March 31, March 31,
2026 2025
Note Rupees in thousand
CASH FLOW FROM FINANCING ACTIVITIES
Repayment of lease liabilities | 11 | (21,470) | (19,029) | |
Proceeds from long-term finances | 95,888 | - | ||
Repayment of long-term finances | (35,669) | (32,568) | ||
Dividend paid | (92,694) | (69,437) | ||
Short-term borrowings received / (repaid) | 886,328 | 45,849 | ||
Finance cost paid on long-term finances | (9,231) | (9,257) | ||
Net cash generated from/ (used in) financing activities | 823,152 | (84,442) | ||
NET DECREASE IN CASH AND CASH EQUIVALENTS | (58,295) | (98,314) | ||
Cash and cash equivalents at beginning of the period | 103,241 | 79,859 |
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 18 44,946 (18,455)
___________
The annexed notes 1 to 25 form an integral part of these financial statements.
___________
Chief Financial Officer
Chief Executive Officer
Director
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UNAUDITED)
FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026
LEGAL STATUS AND OPERATIONS
Ecopack Limited (the Company) was incorporated in Pakistan on August 25, 1991 as a private limited company and converted to a public limited company on April 29, 1992 under the then applicable Companies Ordinance, 1984 (repealed upon enactment of the Companies Act, 2017) and commenced its commercial production in 1993. The Company has its shares quoted on the Pakistan Stock Exchange Limited. The Company is principally engaged in manufacturing and sale of Polyethylene Terephthalate (PET) bottles and preforms for beverages and other liquid packaging industry. The head office of the Company is situated at 19, Main Street City Villas, Near High Court Road, Rawalpindi and its registered office and manufacturing facility is located at Hattar Industrial Estate, Khyber Pakhtunkhwa.
BASIS OF PREPARATION
Statement of compliance
These condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:
International Accounting Standard (IAS) 34, Interim Financial Reporting , issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and
ii) Provisions of, directives and notifications issued under the Companies Act, 2017.
Where the provisions of, directives and notifications issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of, directives and notifications issued under the Companies Act, 2017 have been followed.
The disclosures in these condensed interim financial statements does not include all of the information required for annual financial statements and should be read in conjunction with the annual financial statements of the Company for the year ended June 30, 2025. Comparative condensed interim statement of financial position is extracted from annual financial statements as at June 30, 2025, whereas comparative condensed interim statement of profit or loss, condensed interim statement of comprehensive income, condensed interim statement of changes in equity and condensed interim statement of cash flows are extracted from unaudited condensed interim financial statements of the Company for the nine month period ended March 31, 2025.
These condensed interim financial statements are unaudited and are being submitted to the members as required under Section 237 of the Companies Act, 2017 and the listing regulations of the Pakistan Stock Exchange.
MATERIAL ACCOUNTING POLICY INFORMATION AND OTHER ACCOUNTING POLICIES
The material and other accounting policies, significant judgements made in the application of accounting policies, key sources of estimations, the methods of computation adopted in preparation of these condensed interim financial statements and financial risk management policy are the same as those applied in preparation of annual financial statements of the Company for the year ended June 30, 2025, except for change as mentioned below:
Change in accounting estimate
During the period, the Board of Directors approved a change in the depreciation method and estimated useful life of the Company's plant and machinery (classified under Property, plant and equipment). The depreciation method has been changed from the straight-line method to the reducing balance method. In addition, the estimated useful life of plant and machinery has been revised to 30 years.
This change has been accounted for as a change in accounting estimate in accordance with applicable financial reporting standards and has been applied prospectively. Accordingly, the change has no retrospective impact on the Company's financial statements.
3.2 The management believes that standards, amendments to published standards and interpretations that are effective for the Company from accounting periods beginning on or after 01 July 2025 do not have any significant effect on these interim financial statements or are not relevant to the Company.
Note | Unaudited March 31, 2026 | Audited June 30, 2025 | ||
4. PROPERTY, PLANT AND EQUIPMENT | Rupees in | thousand | ||
Operating fixed assets | 4.1 | 1,973,554 | 1,787,164 | |
Capital work-in-progress | 4.3 | 183,964 | 37,712 | |
Capital spares | 54,299 | 50,411 | ||
2,211,817 | 1,875,287 | |||
4.1 Operating fixed assets - at net book value | ||||
Net book value at the beginning of the period / year | 1,787,164 | 1,448,543 | ||
Additions during the period / year | 4.1.1 | 339,584 | 371,574 | |
Revaluation during the period / year | - | 178,641 | ||
Disposals during the period / year | (1,026) | (7,820) | ||
Impairment charged for the period / year | - | (14,620) | ||
Depreciation charged for the period / year | (152,168) | (189,154) | ||
Net book value at the end of the period / year | 1,973,554 | 1,787,164 | ||
4.1.1 Additions during the period/ year | ||||
Leasehold land | 192,109 | - | ||
Factory building and roads on lease-hold land | 964 | 11,446 | ||
Plant and Machinery - owned | 23,140 | 220,631 | ||
Factory equipment | 89,677 | 106,024 | ||
Office equipment | 10,346 | 8,830 | ||
Furniture & fixtures | 945 | 470 | ||
Vehicle - owned | 21,988 | - | ||
Vehicle - right of use | 415 | 24,173 | ||
339,584 | 371,574 | |||
4.2 Right of use asset | ||||
Net book value at the beginning of the period / year | 96,028 | 88,098 | ||
Additions during the period / year | 415 | 24,173 | ||
Transfers from right of use asset to owned assets | - | (614) | ||
Net book value of disposals | (1,015) | (429) | ||
Depreciation charge | (12,018) | (15,201) | ||
Net book value at the end of the period / year | 83,410 | 96,028 | ||
4.3 Capital work-in-progress | ||||
Net book value at the beginning of the period / year | 37,712 | 18,903 | ||
Additions during the period / year | 431,003 | 247,386 | ||
Capitalized during the period / year | (284,751) | (228,577) | ||
Net book value at the end of the period / year | 183,964 | 37,712 | ||
Unaudited | Audited | ||||
March 31, | June 30, | ||||
Note | 2026 | 2025 | |||
Rupees in thousand | |||||
5. STORES, SPARES AND LOOSE TOOLS | |||||
Stores and spares | 172,569 | 188,512 | |||
Loose tools | 3,214 | 3,109 | |||
175,783 | 191,621 | ||||
Provision for obsolete stores and spares | (34,682) | (34,682) | |||
Capital spares transferred to property, plant and equipment | (54,299) | (50,411) | |||
86,802 | 106,528 | ||||
6. STOCK-IN-TRADE | |||||
Raw materials | 589,651 | 138,241 | |||
Packing materials | 45,132 | 37,003 | |||
Work in process - preforms | 369,578 | 167,487 | |||
Finished goods - bottles | 217,098 | 111,076 | |||
Other associated goods | 15,673 | 23,528 | |||
1,237,132 | 477,335 | ||||
Provision for obsolescence | (2,826) | (3,370) | |||
1,234,306 | 473,965 | ||||
7. LOANS AND ADVANCES | |||||
Suppliers and contractors - unsecured | 155,933 | 55,650 | |||
Employees: | |||||
Personal - secured | 4,774 | 6,670 | |||
Operational - unsecured | 10,091 | 5,519 | |||
170,798 | 67,839 | ||||
8. SHARE CAPITAL | |||||
8.1 Authorized share capital | |||||
8.1.1 This represents 100,000,000 (June 30, 2025: 100,000,000) ordinary shares of | Rs 10 each. | ||||
8.2 Issued, subscribed and paid-up capital | |||||
Un-audited Audited | Unaudited | Audited | |||
March 31, June 30, | March 31, | June 30, | |||
2026 2025 | 2026 | 2025 | |||
Number of shares Rupees in thousand | |||||
10,262,664 | 10,262,664 | Ordinary shares of Rs 10/- each | |||
issued against cash | 102,627 | 102,627 | |||
37,995,753 | 37,995,753 | Ordinary shares of Rs 10/- each | |||
issued as fully paid bonus shares | 379,957 | 379,957 | |||
48,258,417 | 48,258,417 | 482,584 | 482,584 | ||
9
SURPLUS ON REVALUATION OF PROPERTY, PLANT AND MACHINERY
The Company follows revaluation model for lease-hold land, factory building and roads on lease-hold land and plant & machinery. The fair value of these items were assessed by management based on independent valuation performed by an external valuation expert as at May 31, 2025. For valuation of these items, the current market price or depreciated replacement cost method is used, whereby, current purchase / construction cost of similar items in similar locations has been adjusted using suitable depreciation rates to arrive at present market value. This technique requires significant judgment as to estimating the revalued amount in terms of their quality, structure, layout and locations. Movement during the period / year is as follows:
Unaudited Audited
March 31, June 30,
Note 2026 2025
Rupees in thousand
Balance at the beginning of the period / year | 466,310 | 315,926 | |||
Add: surplus on revaluation carried-out during the period | - | 178,640 | |||
Incremental depreciation transferred to unappropriated profits | (26,408) | (28,256) | |||
Less: deferred tax on: | 439,902 | 466,310 | |||
- Balance as at beginning of the period / year | (139,686) | (75,849) | |||
- revaluation surplus for the period / year | - | (69,670) | |||
- difference due to change in rate of tax | - | (5,187) | |||
- Incremental depreciation charged during the period/ year | 10,299 | 11,020 | |||
(129,387) | (139,686) | ||||
Balance at the end of the period | 310,515 | 326,624 | |||
10. | LONG TERM FINANCES - SECURED | ||||
Loans from banking companies - secured Bank Al-Habib Limited - III | 10.1 | - | 12,415 | ||
Bank Al-Habib Limited - IV | 10.2 | 118,551 | 123,647 | ||
PAIR Investment Company Limited | 10.3 | - | 7,096 | ||
Askari Bank Limited | 10.4 | 22,558 | - | ||
Askari Bank Limited | 10.5 | 41,077 | - | ||
The Bank of Punjab Limited | 10.6 | 21,190 | - | ||
203,376 | 143,158 | ||||
Less: current portion of long term finances | (47,920) | (42,432) | |||
155,456 | 100,726 |
10.1
10.2
10.3
10.4
10.5
10.6
This represents term loan obtained in fiscal year 2023-24 for letter of credit arrangements of the capital expenditure. Tenor of the loan is three years. This is repayable in 36 equal monthly installments. The loan is priced at 1.5% per annum over 3 months KIBOR. This loan is secured by first exclusive charge over fixed assets (plant & machinery) for Rs 55,000 thousand (June 30, 2025: Rs 55,000 thousand) duly registered with SECP over machinery imported. The loan has been repaid during the period.
This represents term loan obtained in fiscal year 2024-25 for letter of credit arrangements of the capital expenditure. Tenor of the loan is four years and six months. This is repayable in 16 equal quarterly installments. The loan is priced at 1.5% per annum over 6 months KIBOR. This loan is secured by first exclusive charge over fixed assets (plant & machinery) for Rs 131,000 thousand duly registered with SECP over machinery imported.
This represents finance obtained from PAIR Investment Company Limited under sale and lease back arrangement. As per terms of agreement, the Company has an option to repurchase the assets back upon expiry of lease term, accordingly proceeds through this arrangement are classified as a financial liability in accordance with IFRS 9. Tenor of the arrangement is 5 years and with 60 equal monthly installments. It carries mark-up at 3 months KIBOR plus 1.5% per annum. The loan is secured by charge over plant and machinery of the Company amounting to Rs 42,400 thousand (June 30, 2025: Rs 42,400 thousand). The loan has been repaid during the period.
During the period, the Company obtained a term loan from Askari Bank Limited to finance capital expenditure through letter of credit arrangements for the import of plant and machinery. The loan has a tenor of three (3) years and is repayable in thirty-six (36) equal monthly installments. The markup is payable at the rate of six-month KIBOR plus 1% per annum. The loan is secured by an exclusive charge over the imported plant and machinery with a margin of 20% over the disbursed amount.
During the period, the Company obtained a term loan from Askari Bank Limited to finance capital expenditure through letter of credit arrangements for installation of solar project. The loan has a tenor of four
(4) years including six months grace period and is repayable in through monthly installments. The markup is payable at the rate of six-month KIBOR plus 1.45% per annum. The loan is secured by an exclusive charge over the imported plant and machinery with a margin of 20% over the disbursed amount.
During the period, the Company obtained an Islamic financing facility from The Bank of Punjab amounting to Rs. 50 million for financing capital expenditure relating to vehicles. The profit rate is based on six-month KIBOR plus 1% per annum, subject to a floor of 8% and a cap of 45% per annum. The facility is secured by a lien over the financed assets in favour of the bank.
LEASE LIABILITIES
Unaudited Audited
March 31, June 30,
2026 2025
Rupees in thousand
Balance at the beginning of the period / year
76,339
72,947
Additions during the period / year
-
27,228
Unwinding of interest on lease liabilities
5,690
8,927
Payments made during the period / year
(21,470)
(32,763)
Balance at the end of the period / year
60,559
76,339
Less: Current portion shown under current liabilities
(22,424)
(21,031)
38,135
55,308
INCOME TAX
Income tax is recognised based on management's estimate of the weighted average effective annual income tax rate expected for the full financial year. The estimated average annual tax rate used for the year is 44.09%, compared to 38.53% for the nine months period ended March 31, 2025.
The deferred tax asset has been recognised taking into account the availability of future taxable profits as per business plan of the Company. The existence of future taxable profits is based on business plan which involves making judgements regarding key assumptions underlying the estimation of the future taxable profits of the Company. These assumptions, if not met have significant risk of causing a material adjustment to the carrying amount of deferred tax.
TRADE AND OTHER PAYABLES
Unaudited Audited
March 31, June 30,
2026 2025
Rupees in thousand
Trade creditors 265,601 186,597
Accrued and other liabilities 117,564 153,739
Payable to provident fund 2,726 2,801
Sales tax payable 234 73,540
Payable to Federal Government 3,926 3,926
Withholding taxes payable 6,066 7,115
Workers' profit participation fund payable 24,079 31,544
Workers' welfare fund payable 9,563 12,316
429,759 471,578
CONTINGENCIES AND COMMITMENTS
14.1
14.1.1
14.2
14.2.1
14.2.2
Contingencies
There has been no significant change in the status of contingencies as disclosed in note 27 to the audited financial statements of the Company for the year ended June 30, 2025.
Commitments
Bank guarantees have been issued by two financial institutions of the Company for an aggregate amount of Rs 7.15 million (June 30, 2025: Rs 7.15 million) in favor of the Company's fuel and utility suppliers.
Performance guarantee cheques have been issued to a customer amounting Rs 11,186 thousand (June 30, 2025: Rs 11,186) for a period of one year.
14.2.3 Letter of credit for purchase of raw material and purchase of machinery amounts to Rs 596,089 thousand (June 30, 2025: Rs 165,264 thousand).
15. REVENUE FROM CONTRACTS WITH CUSTOMERS - NET
Three-month period ended Nine month period ended
March 31, March 31, March 31, March 31,
2026 2025 2026 2025
------------- Rupees in thousand -------------
Sales-Local | ||||
- PET Preforms | 905,539 | 957,005 | 2,202,989 | 2,214,667 |
- PET Bottles | 1,263,845 | 1,353,872 | 3,293,708 | 3,718,291 |
Other associated goods 24,971 - 94,391 -
2,194,355 2,310,877 5,591,088 5,932,958
Less: Sales tax
PET Preforms
PET Bottles
Other associated goods
(138,133) | (146,051) | (336,049) | (338,470) |
(192,756) | (206,532) | (502,158) | (567,228) |
(3,823) | - | (14,413) | - |
(334,712) (352,583) (852,620) (905,698)
1,859,643 1,958,294 4,738,468 5,027,260
16. | COST OF SALES Raw material consumed | 853,628 | 1,024,702 | 2,616,261 | 2,967,664 |
Packing material consumed | 73,433 | 81,645 | 187,581 | 218,525 | |
Stores, spares and loose tools consumed | 33,013 | 24,600 | 106,634 | 86,698 | |
Salaries, wages and other benefits | 154,680 | 129,651 | 445,404 | 380,365 | |
Fuel and power | 188,916 | 200,016 | 520,313 | 570,382 | |
Travelling and conveyance | 8,016 | 5,820 | 26,267 | 17,910 | |
Vehicle running and maintenance | 6,345 | 5,565 | 16,491 | 14,563 | |
Rent, rates and taxes | 18,386 | 13,258 | 39,042 | 32,378 | |
Repair and maintenance | 7,666 | 7,057 | 22,965 | 15,587 | |
Safety and security | 8,291 | 7,158 | 20,840 | 20,300 | |
Medical & utilities | 4,726 | 4,485 | 12,097 | 10,562 | |
Communication charges | 1,056 | 834 | 3,069 | 2,449 | |
Printing, postage and stationery | 1,482 | 1,549 | 3,957 | 3,681 | |
Technical testing and analysis | 423 | 1,720 | 1,031 | 2,887 | |
Fees, subscription and professional charges | 1,091 | 604 | 2,961 | 1,999 | |
Entertainment | 818 | 274 | 1,419 | 1,158 | |
Staff welfare & support | 5,141 | 5,072 | 10,221 | 10,231 | |
Depreciation | 48,846 | 42,874 | 134,836 | 123,177 | |
Provision for slow moving stock in trade | - | - | (544) | 71 | |
Provision for obsolete stores and spares | - | - | - | 16,981 | |
Others | 14 44 138 139 | ||||
1,415,971 1,556,928 4,170,983 | 4,497,707 | ||||
Work-in-process - opening | 485,236 | 436,544 | 167,487 | 208,114 | |
Work-in-process - closing | (369,578) | (293,091) | (369,578) | (293,091) | |
115,658 | 143,453 | (202,091) | (84,977) | ||
Cost of goods manufactured | 1,531,629 | 1,700,381 | 3,968,892 | 4,412,730 | |
Finished and associated goods - opening | 103,797 | 198,188 | 134,604 | 112,206 | |
Finished and associated goods - closing | (232,771) | (291,940) | (232,771) | (291,940) | |
(128,974) | (93,752) | (98,167) | (179,734) | ||
1,402,655 1,606,629 3,870,725 4,232,996
Three-month period ended Nine month period ended March 31, March 31, March 31, March 31,
2026 2025 2026 2025
EARNINGS PER SHARE - BASIC AND DILUTED
Basic
Profit after taxation (Rupees in '000') 152,591 126,230 240,965 210,430
Weighted average number of
ordinary shares 48,258,417 48,258,417 48,258,417 48,258,417 Earnings per share - basic (Rupees) 3.16 2.62 4.99 4.36
Diluted
There is no dilution effect on the basic earnings per share of the Company as the Company has no convertible potential dilutive instruments outstanding as on March 31, 2026 which would have effect on the basic EPS, if the option to convert would have been exercised.
Unaudited Unaudited
March 31, March 31,
2026 2025
CASH AND CASH EQUIVALENTS Rupees in thousand
Cash and bank balances 93,445 34,640
Short-term running finance - secured (48,499) (53,095)
44,946 (18,455)
FINANCIAL RISK MANAGEMENT
Financial risk factors
The Company's activities expose it to variety of financial risk namely market risk (including currency risk and interest rate risk), credit risk and liquidity risk.
There have been no changes in the financial risk management policies of the Company during the period, consequently these condensed interim financial statements do not include all the financial risk management information and disclosures required in the annual financial statements.
Fair value estimation
The carrying value of financial assets and liabilities reflected in financial statements approximate their respective fair value.
Fair value hierarchy
Certain property, plant and equipment of the Company was valued by independent valuer to determine the fair value of property, plant and equipment as at May 31, 2025. The revaluation surplus was credited to other comprehensive income and is shown as 'surplus on revaluation of property, plant and equipment'. The different levels have been defined as follows:
Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2:
Level 3:
inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).
inputs for the asset or liability that are not based on observable market data (unobservable inputs).
Level 2 fair value of certain property, plant and equipment has been derived using the comparison approach. Sales prices of comparable property, plant and equipment in identical circumstances or close proximity are adjusted for differences in key attributes such as property size, structure, location, capacity etc. The most significant inputs into this valuation approach are price per marla, price per square feet, depreciated replacement cost etc.
TRANSACTIONS AND BALANCES WITH RELATED PARTIES
The Company has related party relationship, with its directors, key management personnel and employee benefit plan. The Company in the normal course of business carries out transactions with various related parties. There were no transactions with key management personnel other than under the terms of employment. Aggregate transactions with the related parties during the period were as follows:
Three-month period ended Nine month period ended March 31, March 31, March 31, March 31,
2026 2025 2026 2025
------------- Rupees in thousand -------------
Transactions during the period
2,800 - | 8,750 | 3,873 |
23,862 20,285 | 83,002 | 60,854 |
1,610 2,110 | 6,650 | 6,145 |
- - | 14,823 | 12,479 |
- - | 115 | 138 |
Unaudited March 31, 2026 | Audited June 30, 2025 |
Contribution to staff provident fund 8,172 11,139 26,479 26,687 Contribution to employees' gratuity fund
Remuneration & bonus to key management personnel
Directors meeting fee Dividend paid to CEO Dividend paid to Directors
Rupees in thousand
Payable as on date of statement of financial position to:
2,182 | - |
2,726 | 2,801 |
67,289 | 63,654 |
Service benefits payable to CEO
Ecopack - Employees' Provident Fund Trust Ecopack - Employees' Gratuity Fund Trust
21. FINANCIAL INSTRUMENTS | ||||
21.1 Financial assets and liabilities | Amortised | Fair value | Fair value | Total |
March 31, 2026 - unaudited | Cost | through profit and loss | through other comprehensive income | |
Financial assets: Maturity upto one year Trade debts | 707,432 | - | - | 707,432 |
Loans and advances | 4,774 | - | - | 4,774 |
Deposits, prepayments and other receivables | 3,272 | - | - | 3,272 |
Cash and bank balances | 93,445 | - | - | 93,445 |
Maturity above one year Long term deposits | 14,506 | - | 14,506 | |
823,429 | - | - | 823,429 | |
Financial liabilities: Maturity upto one year Trade and other payables | 383,165 | - | - | 383,165 |
Unpaid dividend | 6,937 | - | - | 6,937 |
Short term borrowings and running finance - secured | 1,579,164 | - | - | 1,579,164 |
Current maturity of non-current liabilities | 81,010 | - | - | 81,010 |
Maturity above one year | ||||
Long term finances - secured | 155,456 | - | - | 155,456 |
Other long term liabilities | 2,182 | - | - | 2,182 |
Lease liabilities | 38,135 | - | - | 38,135 |
2,246,049 | - | - | 2,246,049 | |
June 30, 2025 - audited | ||||
Financial assets: Maturity upto one year Trade debts | 623,925 | - | - | 623,925 |
Loans and advances | 6,670 | - | - | 6,670 |
Deposits, prepayments and other receivables | 5,973 | - | - | 5,973 |
Cash and bank balances | 103,241 | - | - | 103,241 |
Maturity above one year Long term deposits | 14,506 | - | 14,506 | |
754,315 | - | - | 754,315 | |
Financial liabilities: Maturity upto one year Trade and other payables | 340,336 | - | - | 340,336 |
Unpaid dividend | 3,114 | 3,114 | ||
Short term borrowings and running finance - secured | 636,406 | - | - | 636,406 |
Current maturity of non-current liabilities | 68,934 | - | - | 68,934 |
Maturity above one year | ||||
Long term finances - secured | 100,726 | - | - | 100,726 |
Lease liabilities | 55,308 | - | - | 55,308 |
1,204,824 | - | - | 1,204,824 | |
;o
OPERATING SEGMENTS
Condensed Interim Financial Statements (Unaudited) For The Nine-Month Period Ended March ;l, 2026
Description of operating segments
The company's primary format for segment reporting is based on business segments. The business segments are determined based on the Company's management and internal reporting structure. Segment results and other information is provided on the basis of products.
Segment Information
The un-audited operating information of the reportable business segments is as follows:
INJECTION (PREFORMS) | BLOWING (BOTTLES) | TOTAL | ||||||||
For the three-month ended For the nine-month ended | For the three-month ended For the nine-month ended | For the nine-month ended | ||||||||
March 31, March 31, March 31, March 31, | March 31, March 31, March 31, March 31, | March 31, March 31, | ||||||||
2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | 2026 | 2025 | |
(Rupees in '000) | ||||||||||
Total Sales | 1,496,830 | 1,524,480 | 3,545,347 | 3,895,680 | 1,071,089 | 1,147,340 | 2,791,550 | 3,151,063 | 6,336,897 | 7,046,743 |
Less: Intersegment sales (eliminated) | (729,424) | (713,526) | (1,678,407) | (2,019,484) | - | - | - | - | (1,678,407) | (2,019,484) |
Revenue from main products | 767,406 | 810,954 | 1,866,940 | 1,876,196 | 1,071,089 | 1,147,340 | 2,791,550 | 3,151,063 | 4,658,490 | 5,027,260 |
Other associated goods | 9,114 | - | 32,052 | - | 12,034 | - | 47,926 | - | 79,978 | - |
Sales-net 776,520 810,954 1,898,992 1,876,197 1,083,123 1,147,340 2,839,476 3,151,063 4,738,468 5,027,260
(609,017) - | (669,268) - | (1,545,869) - | (1,587,928) - | (1,523,062) 729,424 | (1,649,957) 713,526 | (4,003,263) 1,678,407 | (4,664,552) 2,019,484 | (5,549,132) 1,678,407 | (6,252,480) 2,019,484 |
Total Cost of Sales
Less: Intersegment cost (eliminated)
Cost of sales-net (609,017) (669,268) (1,545,869) (1,587,928) (793,638) (936,431) (2,324,856) (2,645,068) (3,870,725) (4,232,996)
Gross profit 167,503 141,686 353,123 288,269 289,485 210,909 514,620 505,995 867,743 794,264
(26,297) (20,831) | (22,952) (17,621) | (63,086) (57,467) | (51,927) (45,629) | (36,766) (28,601) | (32,710) (23,950) | (94,330) (85,927) | (87,211) (76,634) | (157,416) (143,394) | (139,138) (122,263) |
Selling & distribution expenses Administrative expenses
(47,128) (40,573) (120,553) (97,556) (65,367) (56,660) (180,257) (163,845) (300,810) (261,401)
Profit from operations 120,375 101,113 232,570 190,713 224,118 154,249 334,363 342,150 566,933 532,863
March 31, | June 30, | March 31, | June 30, | March 31, | June 30, | ||
2026 2025 | 2026 2025 | 2026 2025 | |||||
Segment assets | 2,489,020 | 1,566,977 | 1,736,638 | 1,529,480 | 4,225,658 | 3,096,457 | |
Unallocated assets | - - | - - | 350,197 249,263 | ||||
2,489,020 1,566,977 | 1,736,638 1,529,480 | 4,575,855 3,345,720 | |||||
Segment liabilities | 1,540,185 | 652,922 | 963,852 | 764,957 | 2,504,037 | 1,417,879 | |
Unallocated liabilities | - - | - - | 260,539 261,010 | ||||
1,540,185 652,922 | 963,852 764,957 | 2,764,576 1,678,889 | |||||
Capital expenditure Unallocated capital expenditure | 63,641 69,636 - - | 62,380 255,064 - - | 126,021 324,700 213,563 46,874 | ||||
63,641 69,636 | 62,380 255,064 | 339,584 371,574 | |||||
22
22.1
22.2
22.3
Reconciliations of information on reportable segments to the amounts reported in the interim statement of profit or loss:
Unaudited Unaudited
March 31, March 31,
2026 2025
Rupees in thousand
Operating profit of the reportable segments | 566,933 | 532,863 |
Add: other income | 37 | 4,590 |
Less: other expenses | (32,740) | (43,623) |
impairment loss on financial assets | (880) | - |
finance costs | (102,395) | (151,522) |
Profit before taxation as per interim statement of profit or loss | ||
430,955 | 342,308 |
SHARIAH COMPLIANCE DISCLOSURE
Following information has been disclosed as required under Clause VII of Part I of Schedule IV of the Companies Act, 2017:
March 31, 2026 - unaudited Conventional Shariah Total
------------ Rupees in thousand ------------
Statement of Financial Position
Long term loans
182,186
21,190
203,376
Lease Liabilities
60,559
-
60,559
Short term borrowings and running finance - secured
1,367,413
197,674
1,565,087
Accrued markup
22,932
1,812
24,744
Cash and bank balances
28,623
64,822
93,445
Statement of Profit or Loss
Net Sales
-
4,738,468
4,738,468
Other income
37
-
37
Finance cost
99,546
2,849
102,395
- Break up Other Income
Gain on disposal of property, plant and equipment
28
-
28
Write back of liabilities
-
-
-
Foreign exchange gain
9
-
9
Others
-
-
-
June 30, 2025 - audited Statement of Financial Position
Conventional Shariah Total
------------ Rupees in thousand ------------
Long term loans
143,158
-
143,158
Lease Liabilities
76,339
-
76,339
Short term borrowings and running finance - secured
630,310
-
630,310
Accrued markup
11,010
-
11,010
Cash and bank balances
82,508
20,733
103,241
March 31, 2025 - un-audited Statement of Profit or Loss
Net Sales
-
5,027,260
5,027,260
Other income
4,590
-
4,590
Finance cost
151,522
-
151,522
- Break up Other Income
Gain on Scrap sales - net of expenses
1,588
-
1,588
Gain on disposal of property, plant and equipment
-
-
-
Write back of liabilities
-
-
-
Foreign exchange gain
1
-
1
Others
3,001
-
3,001
The Company has business relationship with Islamic banks in ordinary course of business.
GENERAL
Seasonality
The Company's major customers are manufacturers of beverages, sales of which vary during seasons owing to weather, religion / festive occurence etc. This ultimately impacts Company's sales. Due to the aforementioned seasonal nature of business of the Company, higher revenues and profitability are usually expected in the respective season months.
Rounding off
Figures have been rounded off to the nearest thousand of rupees unless otherwise stated.
DATE OF AUTHORIZATION FOR ISSUE
___________
These condensed interim financial statements were authorised for circulation to the shareholders by the Board of Directors of the Company on April 28, 2026.
___________
Chief Financial Officer
Chief Executive Officer
Director
Hea6 Office:
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Registere6 Office & Factory:ll2-ll;, Phase V, Hattar Industrial Estate Hattar, District Haripur, Khyber Pakhtunkhwa Tel: +A2 AAц 6l??20 & 2;, 6l?;4?, Fax: +A2 AAц 6l?0?4, Web: https://www.ecopack.com.pk
