The General Manager August 13, 2025
Pakistan Stock Exchange Limited. Stock Exchange Building
Stock Exchange Road Karachi.
FINANCIAL RESULTS FOR THE HALF YEAR ENDED JUNE 30TH, 2025Dear Sirs
We would like to inform you that the Board of Directors of the Company, in their meeting held on August 13th, 2025 at 5thFloor The Harbour Front Building. Marine Drive, Block-4, Clifton, Karachi, reviewed and approved the unaudited financial results of the Company for the quarter ended June 30th, 2025 and recommended the following:
Final Cash Dividend Nil
Bonus / Right Shares Nil
The un-audited financial results of the Company for the quarter ended June 30th, 2025 are enclosed.
Very Sincerely
Wajiha Hasan
Company Secretary
Encl: As above
FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED CONDENSED INTERII¥I STATEMEIIT OF FINANCIAL POSITION AS AT JUNE 30, 2025
(Amounts in thousand)ASSETS
NOtd
Unaudited Audited June 30, December 31,
2o25 2024
-----------•-------Rupees-----------------
Property, plant and equipment Biological assets
Intangible assets Right-of-use assets
Deferred tax asset - net
Long term advances and deposits
Current Assets
Stores, sparas and loose tools Stock-in-trade
Trade debts
Advances, deposits and prepayments Accrued mark-up / interest
Other receivables
Sales tax recoverable - net Taxes recoverable
Short-term investments Cash and bank balances
4 11,778,269
3,428,511
44,762
1,813,8g8
373,883
355,937
17,793,230
6 1,175,370
7 14,474,164
1,704,123
889,884
34,769
1,063,019
3,170,113
1,065,869
90,000
1,391,609
12,407,339
3,380,848
51,246
1,667,486
715,639
314,269
18,536,827
962,255
9,361,738
1,368,890
665,091
34,364
923,853
5,056,428
1,956,081
65,000
2,745,744
TOTAL ASSETS
EClUiTY AND LiABlLl7fES
Equity
25,058,950 23,138,444
4 71
Share capital Share premium
Remeasurement of post employment benefits - Remeasurement loss Unappropriated profit
Non-Current Liabilities Long term:
finances
lease liabilities against right-of-use assets
Current Liabilities
Current portion of lease liabilities against right-of-use assets Trade and other payables
Contract liabilities Unclaimed dividend
Accrued interest / mark-up on:
long term finances
short term finanoes Supplier financing - unfunded Short term finances
Contingencies and Commitments
7,665,961
865,354
(217,897)
7,314,809
15,628,227
318,000
930,781
1,248,781
541,012
B 15,611,508
459,969
8,802
10,255
254,932
8,013,684
9 1,06B,050
25,975,192
27,223,953
10
7,665,961
865,354
(217,897)
8,144,426
16,457,844
318,000
870,594
1,188,594
593,823
11,857,311
938,579
8,668
9,793
475,471
9,838,888
310,300
24,028,833
25,217,427
TOTAL EQUITY AND LIABILITIES 42,B52,180 41 7 ,27
The annexed notes 1 to 21 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 HALF YEAR ENDED JUNE 30, 2025
[Amounts in thousand except for earnings per share]
Quarter ended June 30, Half year ended June 30, Note 2025 2024 2025 2024
-----------•--Rupeea--------------- ------------ --Rupees •
Revenue from contracts with customers - net | 26,471,414 | 27,560,144 | 52,486,928 | 55,023,745 | ||
Cost of sales | (21,437,302) | (22,722,448) | (42,704,677) | (45,554,485) | ||
Gross profit | 5,034,112 | 4,837,696 | 9,782,251 | 9,469,260 | ||
Distribution and marketing expenses | (1,926,087) | (2,354,612} | (3,801,533) | {4,522,412) | ||
Administrative expenses | (508,633) | (469,625) | (1,035,768) | (897,259) | ||
Other operating expenses | (142,095) | (119,212) | (375,936) | (223,617) | ||
Other income | 54,935 | 138,522 | 165,417 | 177,468 | ||
Operating profit | 2,512,232 | 2,032,769 | 4,734,431 | 4,003,440 | ||
Finance costs | (396,558) | (1,063,674) | (801,493) | (1,928,670) | ||
Profit before taxation | 2,115,674 | 969,095 | 3,932,938 | 2,074.770 | ||
Taxation | (1,883.600 | (381,‹4g | (2,616,086) | (822,050) | ||
Profit for the period | 232,074 | 58T,947 | 1,316,B52 | 1,252,720 | ||
Earnings per share - basic and dilute 12 | 0.30 | 0.77 | 1.72 | 1.63 |
The annexed notes 1 to 21 form an integral part of these condensed interim financlal statements.
Chairman Chief Executive Officer Chief Financial OfficerFRIESLANDCAMPINA ENGRO PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE HALF YEAR ENDED JUNE 30, 2025
(Amounts in thousand)
Quarter ended June 30, Half year ended June 30,
2025 2024 2025 2024
Rupees Rupees
Profit for the period | 232,074 | 587,947 | 1,316,852 | 1,252,720 | |||
Other comprehensive income | |||||||
Total comprehensive income for the period | 232,074 | 587,947 | 1,316,852 | 1,252,720 |
The annexed notes 1 to 21 form an integral part of these condensed interim financial statements.
Chairman Ghief Executive Officer Chief Financial Officer
FRIESLANDCAMPINA ENGRO PAXISTAN LIMITED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED JUNE 30, 2d25
(Amounts In thousand)
RESERVES
SHARE CAPITAL REVENUE
CAPITAL Share Remeasurement Inappropriate premium of post d profit
employment benefits
TOTAL
Balance as at January 1, 2024 (Audited) | 7,665,961 | 865,354 | (296,593) | 5,941,298 | 14,176,020 | |
Profit for the period | 1,252,720 | 1,252,720 | ||||
Other comprehensive income for the per1od | ||||||
Total comprehensive income for the period | 1 252,720 | 1,252,720 | ||||
Balance as at June 30, 2024 (Unaudited) | 7,665,961 | 865,354 | (296 593) | 7,194,018 | 15,428,740 | |
Balance as at January J, 2025 (Audited) | 7,665,961 | 865,sm | {217,897} | 8,144,426 | 16,457,844 | |
Transaction with owners: - Final dividend for the year ended December 31, 2024 @ Rs. 2.8 per share | (2,146,469) | (2,146,469) | ||||
Profit for the period | 1,316,852 | 1,316,852 | ||||
Other comprehensive income for the period | ||||||
Total comprehensive income for the period | 1,316,852 | 1,316,852 | ||||
Balance as at June 30, 2025 (Unaudited) | 7,665,961 | 865,354 | (217,897) | 7,314,809 | 15,g2B,227 |
The annexed notes 1 to 21 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial Officer
FRIESLAhIDCAMPINA ENGRO PAKIGTAN LIMITED CONDENSED INTERII¥I STATEMENT OF CASH FLOWS (UNAUDITED)FOR THE HALF YEAR ENDED JUNE 30, 2025
(Amounts in thousand)
Note
Half year ended June 30,
2025 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from / (utilized in) operations Finance costs paid
Taxes paid
Contribution to defined benefit gratuity fund Long term advances and deposits - net
Net cash generated from / (utilized in) operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
13 2,840,105 (4,399,157)
(916,892) (1,675,768)
(1,384,118) (64J,238)
(38,195) (45,300)
(41,668) (48,382)
459,232 (6,811,845)
Purchases of :
property, plant and equipment
intangible assets
short term investment Proceeds from disposal of:
property, plant and equipment
biologica) assets Interest income received
Net cash generated from I (utilized in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
(197,952)
(25,000)
63,535
220,753
49,B99
111,035
(1,087,591)
(564)
78,380
180,358
45,343
(784,074)
Dividend paid
Proceeds from / (repayment of) short term finance - net Proceeds from long term finances
Repayment of long term finances
Repayment of lease liabilities against right-of-use assets Net cash utilized in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period
(2,144,335)
49,611
(535,817)
(53)
(121,259)
230,000
{250,000)
(311,922)
(2,630,541) (453,234)
(2,060,274) (8,049,153)
2,391,618 3,078,478
14 331,344 (4,970,675)
The annexed notes 1 to 21 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial Officer