The General Manager October 16, 2025
Pakistan Stock Exchange Limited. Stock Exchange Building
Stock Exchange Road Karachi
Fax: 111-573-329
FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025Dear Sirs
We would like to inform you that the Board of Directors of the Company, in their meeting held on October 16, 2025 on the 5thFloor The Harbour Front Building. Marine Drive, Block-4, Clifton, Karachi, reviewed and approved the un-audited financial results of the Company for the nine months ended September 30, 2025 and recommended the following:
Final Cash Dividend Nil
Bonus / Right Shares Nil
The unaudited financial results of the Company for the nine months ended September 30, 2025 are enclosed.
Very Sincerely
Imran Husain
Chief Finance Office
Encl: As above
FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2025 (Amounts in thousand) Unaudited September 30, Audited December 31, Note 2025 20247,665,961 865,354 (217,897) 8,088,608 |
16,402,026 |
308,169 794,640 800,774 |
1,903,583 |
9,831 518,768 16,636,795 459,030 8,711 24,064 99,286 3,452,462 215,429 |
21,424,376 |
23,327,959 |
39,729,985 |
ASSETS Non-Current Assets | ||||||
Property, plant and equipment | 4 | 11,520,641 | 12,407,339 | |||
Biological assets | 3,507,458 | 3,380,848 | ||||
Intangible assets | 41,520 | 51,246 | ||||
Right-of-use assets | 1,659,865 | 1,667,486 | ||||
Deferred tax asset - net | 7 | - | 715,639 | |||
Long term advances and deposits | 492,322 | 314,269 | ||||
17,221,806 | 18,536,827 | |||||
Current Assets | ||||||
Stores, spares and loose tools | 5 | 1,029,089 | 962,255 | |||
Stock-in-trade | 6 | 10,070,700 | 9,361,738 | |||
Trade debts | 1,625,325 | 1,368,890 | ||||
Advances, deposits and prepayments | 623,155 | 665,091 | ||||
Accrued mark-up / interest | 13,523 | 34,364 | ||||
Other receivables | 502,147 | 922,853 | ||||
Sales tax recoverable - net | 1,278,960 | 5,056,428 | ||||
Taxes recoverable | 1,338,445 | 1,956,081 | ||||
Short-term investments | 3,562,200 | 65,000 | ||||
Cash and bank balances | 2,464,635 | 2,745,744 | ||||
22,508,179 | 23,138,444 | |||||
TOTAL ASSETS | 39,729,985 | 41,675,271 | ||||
EQUITY AND LIABILITIES | ||||||
Equity | ||||||
Share capital | 7,665,961 | |||||
Share premium | 865,354 | |||||
Remeasurement of post employment benefits - Remeasurement loss | (217,897) | |||||
Unappropriated profit | 8,144,426 | |||||
16,457,844 | ||||||
Non-Current Liabilities | ||||||
Long term: | ||||||
- finances | 318,000 | |||||
- lease liabilities against right-of-use assets | 870,594 | |||||
Deferred tax liability - net | 7 | - | ||||
1,188,594 | ||||||
Current Liabilities | ||||||
Current portion of long term: | ||||||
- finances | - | |||||
- lease liabilities against right-of-use assets | 593,823 | |||||
Trade and other payables | 8 | 11,857,311 | ||||
Contract liabilities | 936,579 | |||||
Unclaimed dividend | 6,668 | |||||
Accrued interest / mark-up on: | ||||||
- long term finances | 9,793 | |||||
- short term finances | 475,471 | |||||
Supplier financing - unfunded | 9,838,888 | |||||
Short term finances | 9 | 310,300 | ||||
24,028,833 | ||||||
25,217,427 | ||||||
Contingencies and Commitments | 10 | |||||
TOTAL EQUITY AND LIABILITIES | 41,675,271 | |||||
The annexed notes 1 to 21 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial OfficerFRIESLANDCAMPINA ENGRO PAKISTAN LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
[Amounts in thousand except for earnings per share]
Quarter ended September 30, Nine months ended September 30,Note 2025 2024 2025 2024
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 11
Profit for the period
Earnings per share - basic and diluted 12
-----------------Rupees-----------------
27,745,281 (23,133,512) | 27,488,436 (23,255,371) |
4,611,769 | 4,233,065 |
(1,936,959) | (1,779,327) |
(447,043) | (482,155) |
(126,149) | (162,974) |
120,888 | 129,127 |
2,222,506 | 1,937,736 |
(295,088) | (789,531) |
1,927,418 | 1,148,205 |
(1,153,619) | (382,377) |
773,799 | 765,828 |
1.01 | 1.00 |
-----------------Rupees-----------------
80,232,209 (65,838,189) | 82,512,181 (68,809,856) |
14,394,020 | 13,702,325 |
(5,738,492) | (6,301,739) |
(1,482,811) | (1,379,414) |
(502,085) | (386,591) |
286,305 | 306,595 |
6,956,937 | 5,941,176 |
(1,096,581) | (2,718,201) |
5,860,356 | 3,222,975 |
(3,769,705) | (1,204,427) |
2,090,651 | 2,018,548 |
2.73 | 2.63 |
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 COMPREHENSIVE INCOME (UNAUDITED) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
(Amounts in thousand)
Quarter ended September 30, Nine months ended September 30,
2025 2024 2025 2024
Profit for the period
Other comprehensive income
Total comprehensive income for the period
---------------- Rupees ----------------
------------------ Rupees ------------------
765,828
-765,828
2,090,651
2,090,651
-
2,018,548
773,799 - |
773,799 |
-2,018,548
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 CHANGES IN EQUITY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (Amounts in thousand) SHARE RESERVES CAPITAL REVENUE CAPITAL Share premium Remeasurement of post employment benefits Unappropriated profit TOTAL -------------------------------------------------Rupees-------------------------------------------------- Balance as at January 1, 2024 (Audited) 7,665,961 865,354 (296,593) 5,941,298 14,176,020Profit for the period | - | - | - | 2,018,548 | 2,018,548 | |
Other comprehensive income for the period | - | - | - | - | - | |
Total comprehensive income for the period | - | - | - | 2,018,548 | 2,018,548 | |
Balance as at September 30, 2024 (Unaudited) | 7,665,961 | 865,354 | (296,593) | 7,959,846 | 16,194,568 |
Balance as at January 1, 2025 (Audited) Transaction with owners: - Final dividend for the year ended December 31, 2024 @ Rs. 2.8 per share | 7,665,961 - | 865,354 - | (217,897) - | 8,144,426 (2,146,469) | 16,457,844 (2,146,469) | |
Profit for the period Other comprehensive income for the period | - - | - - | - - | 2,090,651 - | 2,090,651 - | |
Total comprehensive income for the period | - | - | - | 2,090,651 | 2,090,651 | |
Balance as at September 30, 2025 (Unaudited) | 7,665,961 | 865,354 | (217,897) | 8,088,608 | 16,402,026 | |
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 CASH FLOWS (UNAUDITED) FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (Amounts in thousand) Nine months ended September 30,Note | 2025 | 2024 | |
---------------Rupees---------------- | |||
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Cash generated from operations | 13 | 9,287,022 | 1,513,097 |
Finance costs paid | (1,309,334) | (2,874,313) | |
Taxes paid | (1,635,656) | (1,257,376) | |
Contribution to defined benefit gratuity fund | (63,181) | (77,848) | |
Long term advances and deposits - net | (178,053) | (179,868) | |
Net cash generated from / (utilized in) operating activities | 6,100,798 | (2,876,308) | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchases of : | |||
- property, plant and equipment | (401,416) | (1,945,383) | |
| (7,509) (22,200) | (564) - | |
Proceeds from disposal of: | |||
- property, plant and equipment | 87,381 | 644,646 | |
- biological assets | 347,612 | 235,206 | |
Interest income received | 103,543 | 78,550 | |
Net cash generated from / (utilized in) investing activities | 107,411 | (987,545) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Dividend paid | (2,144,426) | (91) | |
Proceeds from / (repayment of) short term finance - net | 169,255 | (121,259) | |
Proceeds from long term finances | - | 318,000 | |
Repayment of long term finances | - | (500,000) | |
Repayment of lease liabilities against right-of-use assets | (775,021) | (588,817) | |
Net cash utilized in financing activities | (2,750,192) | (892,167) | |
Net increase / (decrease) in cash and cash equivalents | 3,458,017 | (4,756,020) | |
Cash and cash equivalents at beginning of the period | 2,391,618 | 3,078,478 | |
Cash and cash equivalents at end of the period | 14 | 5,849,635 | (1,677,542) |
The annexed notes 1 to 21 form an integral part of these condensed interim financial statements.
Chairman Chief Executive Officer Chief Financial Officer