The General Manager April 24, 2026
Pakistan Stock Exchange Limited. Stock Exchange Building
Stock Exchange Road Karachi.
FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2026Dear Sirs
We would like to inform you that the Board of Directors of the Company, in their meeting held on April 24, 2026 at 5th Floor The Harbour Front Building. Marine Drive, Block-4, Clifton, Karachi, reviewed and approved the un-audited financial results of the Company for the quarter ended March 31, 2026 and recommended the following:
Final Cash Dividend Nil
Bonus / Right Shares Nil
The un-audited financial results of the Company for the quarter ended March 31, 2026 are enclosed.
Very Sincerely
Syed Ali Hyder Imran
Company Secretary
Encl: As above
FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED) AS AT MARCH 31, 2026
(Amounts in thousand)
Note
Unaudited March 31,
2026
Audited December 31,
2025
--------------------Rupees--------------------
ASSETS Non-Current Assets | ||||||
Property, plant and equipment | 4 | 12,928,996 | 13,180,788 | |||
Biological assets | 3,321,713 | 3,339,651 | ||||
Intangible assets | 35,037 | 38,278 | ||||
Right-of-use assets | 2,712,903 | 1,973,115 | ||||
Long term advances and deposits | 500,116 | 515,665 | ||||
Current Assets | 19,498,765 | 19,047,497 | ||||
Stores, spares and loose tools | 5 | 984,389 | 878,280 | |||
Stock-in-trade | 6 | 15,690,672 | 9,885,899 | |||
Trade debts | 2,017,194 | 1,557,223 | ||||
Advances, deposits and prepayments | 441,280 | 432,499 | ||||
Accrued mark-up / interest | 9,937 | 4,273 | ||||
Other receivables | 529,660 | 563,658 | ||||
Sales tax recoverable - net | 2,502,249 | 2,296,438 | ||||
Taxes recoverable | 843,834 | 1,499,433 | ||||
Short-term investments | 354,027 | 140,000 | ||||
Cash and bank balances | 2,071,826 | 1,205,438 | ||||
25,445,068 | 18,463,141 | |||||
TOTAL ASSETS | 44,943,833 | 37,510,638 | ||||
EQUITY AND LIABILITIES | ||||||
Equity | ||||||
Share capital | 7,665,961 | |||||
Share premium | 865,354 | |||||
Remeasurement of post employment benefits - Remeasurement loss | (253,469) | |||||
Unappropriated profit | 8,688,605 | |||||
Non-Current Liabilities | 16,966,451 | |||||
Long term: - finances | 969,774 | |||||
- lease liabilities against right-of-use assets | 1,062,993 | |||||
Deferred tax liability - net | 7 | 617,609 | ||||
Current Liabilities | 2,650,376 | |||||
Current portion of long term: - finances | 17,000 | |||||
- lease liabilities against right-of-use assets | 525,183 | |||||
Trade and other payables | 8 | 15,894,841 | ||||
Contract liabilities | 669,365 | |||||
Unclaimed dividend Accrued interest / mark-up on: - long term finances | 8,616 29,081 | |||||
- short term finances | 3,629 | |||||
Short term finances | 9 | 746,096 | ||||
17,893,811 | ||||||
Contingencies and Commitments | 10 | 20,544,187 | ||||
TOTAL EQUITY AND LIABILITIES | 37,510,638 | |||||
7,665,961 865,354 (253,469) 10,539,500 |
18,817,346 |
1,260,567 1,847,028 634,869 |
3,742,464 |
26,207 507,890 17,411,427 481,823 8,555 12,996 56,500 3,878,625 |
22,384,023 |
26,126,487 |
44,943,833 |
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial Officer
FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE QUARTER ENDED MARCH 31, 2026
[Amounts in thousand except for earnings per share]
Quarter ended March 31,
Note 2026 2025
-----------------Rupees-----------------
28,721,926 (22,687,440) | 26,015,514 (21,267,375) |
6,034,486 | 4,748,139 |
(2,322,656) | (1,875,446) |
(359,285) | (527,135) |
(305,291) | (233,841) |
129,898 | 110,482 |
3,177,152 | 2,222,199 |
(143,740) | (404,935) |
3,033,412 | 1,817,264 |
(1,182,517) | (732,486) |
1,850,895 | 1,084,778 |
2.41 | 1.42 |
Revenue from contracts with customers - net Cost of sales
Gross profit
Distribution and marketing expenses Administrative expenses
Other operating expenses Other income
Operating profit
Finance costs
Profit before taxation
Taxation
Profit for the period
Earnings per share - basic and diluted 11
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial Officer
FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand)
Quarter ended March 31, 2026 2025
-----------------Rupees-----------------
1,850,895
-
1,850,895
Profit for the period 1,084,778
Other comprehensive income -
Total comprehensive income for the period 1,084,778
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial OfficerFRIESLANDCAMPINA ENGRO PAKISTAN LIMITED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand)
SHARE
RESERVES
CAPITAL REVENUE
TOTAL
CAPITAL
Share premium
Remeasurement of post employment benefits
Unappropriated profit
-----------------------------------------------------Rupees------------------------------------------------------
Balance as at January 1, 2025 (Audited) 7,665,961 865,354 (217,897) 8,144,426 16,457,844
Profit for the period | - | - | - | 1,084,778 | 1,084,778 | |
Other comprehensive income for the period | - | - | - | - | - | |
Total comprehensive income for the period | - | - | - | 1,084,778 | 1,084,778 | |
Balance as at March 31, 2025 (Unaudited) | 7,665,961 865,354 | (217,897) | 9,229,204 | 17,542,622 | ||
Balance as at January 1, 2026 (Audited) | 7,665,961 | 865,354 | (253,469) | 8,688,605 | 16,966,451 | |
Profit for the period Other comprehensive loss for the period | - - | - - | - - | 1,850,895 - | 1,850,895 - | |
Total comprehensive income for the period | - | - | - | 1,850,895 | 1,850,895 | |
Balance as at March 31, 2026 (Unaudited) | 7,665,961 | 865,354 | (253,469) | 10,539,500 | 18,817,346 | |
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial Officer
FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE QUARTER ENDED MARCH 31, 2026 (Amounts in thousand) Quarter ended March 31,Note | 2026 | 2025 | |
--------------Rupees---------------- | |||
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Cash (utilized in) / generated from operations | 12 | (1,607,368) | 390,755 |
Finance costs paid | (57,199) | (550,317) | |
Taxes paid | (509,658) | (442,167) | |
Long term advances and deposits - net | 15,549 | (35,724) | |
Net cash utilized in operating activities | (2,158,676) | (637,453) | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchases of property, plant and equipment Short term investments - net | (266,744) (214,027) | (76,940) - | |
Proceeds from disposal of: | |||
- property, plant and equipment | 55,273 | 31,977 | |
- biological assets | 108,117 | 243,703 | |
Interest income received | 633 | 21,170 | |
Net cash (utilized in) / generated from investing activities | (316,748) | 219,910 | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Dividend paid | (61) | (225) | |
(Repayment of) / Proceeds from short term finance - net | (169,325) | 203,413 | |
Proceeds from long term finances | 300,000 | - | |
Repayment of lease liabilities against right-of-use assets | (90,655) | (189,287) | |
Net cash generated from financing activities | 39,959 | 13,901 | |
Net decrease in cash and cash equivalents | (2,435,465) | (403,642) | |
Cash and cash equivalents at beginning of the period | 538,667 | 2,391,618 | |
Cash and cash equivalents at end of the period | 13 | (1,896,798) | 1,987,976 |
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial Officer