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FRONTIER CERAMICS LIMITED
Rcf: 301/1625/2026
Date: April 30, 2026
The Managing Director
Pakistan Stock Exchange Liiiiited Karachi, Pakistan.
Subject: FINANCIAL RESULTS FOR THIRD OUARTER AND NINE IYIONTHS ENDED MARCH 31q 2026Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on Thursday, April 30, 2026 at 12:30 pin at Toyota Rasval Motors Building G.T Road Swan Cainp Rasvalpindi, have approved the Results for Third Quarter and Nine Months Ended March 31, 2026.
I ) Cash Dividend
Bonus Shares
Right Shares
Any Other Entitlement/Corporate Action
S) Any Other Price-Sensitive liiforiiiation
NIL NIL NIL NIL NIL
The Financial Results of the Coinpany are enclosed herewith. The Financial Statements for Third Qilai ter and Ninc Months March 31, 2026 will be transmitted through PUCARS separately within specified time.
Thanking you
For & oli behalf of Frontier Ceraiiires Ltd.
Cornpany Secretary
CC to:
Executive Director / HOD, Offsite-11 Dept, Securities & Exchange Commission of Pakistan, 63, NIC Building, I innah Avenue, Islamabad
Registered Office: 29-INDUSTRIAL ESTATE, JAMRUD ROAD, PESHAWAR, PAKISTAN. TEL: (092-91) 5891470-79, FAX: (92-91) 5830290
Head Office: Toyota Rawal Motors Building Swan Camp, G.T Road, RawalpliJdl. Ph: 92-51-4917200 Ext: 130-220 Fax: 92-51-4917206, E-n1ail: Info@forto.cont.pk
ISO9001 FRONTIER CERAMICS LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT MARCH 31, 2026 March 31, June 30, 2026 2025 Rupees Rupees Note Un-audited Audited ASSETS NON CURRENT ASSETSProperty, plant and equipment
Operating fixed assets 7 2,288,114,498 2,431,024,130
Investment property 8 471,375 489,741 | ||||
2,288,585,873 | 2,431,513,871 | |||
Long term deposits | 5,925,450 | 5,925,450 | ||
Long term advances 9 550,880,130 550,880,130 | ||||
CURRENT ASSETS | 2,845,391,453 | 2,988,319,451 | ||
Stores, spares and loose tools | 10 | 195,751,559 | 233,692,687 | |
Stock in trade | 11 | 553,855,518 | 561,169,457 | |
Trade debts | 21,829,614 | 21,829,614 | ||
Due from related parties | 12 | 992,519,434 | 236,469,796 | |
Advances | 13 | 74,638,222 | 71,010,671 | |
Tax refunds due from Government | 90,964,332 | 111,861,137 | ||
Taxation - net | 14 | - | - | |
Cash and bank balances | 15 | 171,169,603 | 64,658,609 | |
2,100,728,282 1,300,691,971
TOTAL ASSETS 4,946,119,735 4,289,011,422 EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVESShare capital | 18 | 378,738,210 | 378,738,210 | |
Discount on issue of right shares | 19 | (180,795,726) | (180,795,726) | |
197,942,484 | 197,942,484 | |||
Revaluation surplus on property, plant and equipmen | 1,201,961,278 | 1,201,961,278 | ||
Unappropriated profit | 708,302,467 | 522,622,187 | ||
2,108,206,229 | 1,922,525,949 | |||
NON CURRENT LIABILITIES | ||||
Loan from related parties | 20 | 36,164,472 | 118,740,891 | |
Deferred liability | 21 | 25,393,458 | 25,393,458 | |
Deferred taxation | 322,900,672 | 352,926,346 | ||
CURRENT LIABILITIES | 384,458,602 | 497,060,695 | ||
Unclaimed dividend | 3,189,224 | 3,189,224 | ||
Gas infrastructure development cess (GIDC) | 22 | 240,522,165 | 129,395,113 | |
Due to related parties | 23 | 3,109,222 | 1,891,360 | |
Contract liability | 24 | 1,000,465,718 | 744,354,190 | |
Trade and other payables | 25 | 1,206,168,574 | 990,594,891 | |
2,453,454,903 | 1,869,424,778 | |||
TOTAL EQUITY AND LIABILITIES | 4,946,119,735 | 4,289,011,422 | ||
CONTINGENCIES AND COMMITMENTS | 26 |
The annexed notes from 1 to 29 form an integral part of these condensed interim financial statements
CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER DIRECTOR FRONTIER CERAMICS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE THIRD QUARTER AND NINE MONTHS PERIOD ENDED MARCH 31, 2026 Quarter Ended March 31, Nine Months Ended March 31,
2026 | 2025 | 2026 | 2025 |
Sales - net | 3,593,693,416 | 3,258,536,494 | ………..Rupees……… 1,178,674,832 | 1,189,514,297 |
Cost of sales | (3,296,795,306) | (3,050,649,113) | (1,061,318,852) | (1,092,082,204) |
Gross Profit | 296,898,110 | 207,887,381 | 117,355,980 | 97,432,093 |
Distribution cost | (11,788,223) | (11,015,717) | (3,996,682) | (3,618,483) |
Administrative expenses | (37,963,234) | (33,416,613) | (12,466,853) | (10,993,895) |
Other operating expenses | (24,331,322) | (23,719,617) | (9,915,375) | (12,026,758) |
Operating profit | 222,815,331 | 139,735,434 | 90,977,070 | 70,792,957 |
Finance cost | (23,084,986) | (22,243,981) | (7,818,062) | (850,800) |
Other operating income | 58,334,378 | 4,662,532 | 28,409,877 | 1,808,282 |
Profit before taxation Taxation: | 258,064,723 | 122,153,985 | 111,568,885 | 71,750,439 |
-current | (104,337,446) | (62,047,298) | (36,923,136) | (25,576,483) |
-Prior | 1,927,329 | - | - | - |
-deferred | 30,025,674 | 21,983,818 | 14,888,486 | (6,775,991) |
Profit after taxation | 185,680,280 | 82,090,505 | 89,534,234 | 39,397,965 |
Earnings per share - basic and diluted | 4.90 | 2.17 | 2.36 | 1.04 |
The annexed notes from 1 to 29 form an integral part of these condensed interim financial statements.
CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER DIRECTOR FRONTIER CERAMICS LIMITED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE THIRD QUARTER AND NINE MONTHS PERIOD ENDED MARCH 31, 2026
Nine Months Ended March 31, | Quarter Ended March 31, | ||
2026 | 2025 | 2026 | 2025 |
………..Rupees……… | |||
Profit after taxation 185,680,280 82,090,505 89,534,234 39,397,965 Other comprehensive income for the Period - - - -Total comprehensive income for the Period 185,680,280 82,090,505 89,534,234 39,397,965
The annexed notes from 1 to 29 form an integral part of these condensed interim financial statements.
CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER DIRECTOR FRONTIER CERAMICS LIMITED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED)
Issued, subscribed and paid up capital | Discount Issue of Right Shares | Revaluation surplus on property, plant and equipment | Unappropraited Profit | Total |
Balance as at July 01, 2024 - (Audited) | 378,738,210 | (180,795,726) | 1,161,971,530 | 242,169,885 | 1,602,083,899 |
Impact of ratification of error | |||||
comprehensive Income for the period ended March 31, 2025 Transfer from surplus on revaluation of fixed assets incremental depreciation - net of deferred tax | - - | 82,090,505 - | 82,090,505 - | ||
Balance as at March 31, 2025 | 378,738,210 | (180,795,726) | 1,161,971,530 | 324,260,390 | 1,684,174,404 |
Balance as at July 01, 2025 - (Audited) | 378,738,210 | (180,795,726) | 1,201,961,278 | 522,622,187 | 1,922,525,949 |
comprehensive Income for the Period eneded Mar 31, 2026 Transfer from surplus on revaluation of fixed assets incremental depreciation - net of deferred tax | - | 185,680,280 - | 185,680,280 - | ||
Balance as at March 31, 2026 | 378,738,210 | (180,795,726) | 1,201,961,278 | 708,302,467 | 2,108,206,229 |
The annexed notes from 1 to 29 form an integral part of these condensed interim financial statements.
CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER DIRECTOR FRONTIER CERAMICS LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED) Rupees 31-Mar-26 31-Mar-25 Un-Audited Un-Audited CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation 258,064,723 122,153,985 Adjustment for:
Depreciation 142,927,998 160,522,428
Finance Cost 23,084,986 22,243,981 Profit before working capital changes 424,077,707 304,920,393
Changes in working capital:
Decrease / ( increase) in current assets
Stores, spares and loose tools | 37,941,128 | 23,139,482 | |
Stock in trade | 7,313,939 | (14,454,306) | |
Trade debts | - | 369,614 | |
Other receivables | - | (1,088,640) | |
Short Term Lending | (756,049,638) | (4,236,538) | |
Advances Increase / (decrease) in current liabilities Trade and other payables | (3,627,551) 215,573,683 | (3,800,758) 180,289,308 | |
Contract liability | 256,111,528 | 140,696,954 | |
Due to related parties | 1,217,862 | (36,056,741) | |
Current portion of liability against assets subject to finance | - | (8,597,683) | |
Current portion of long term financing | - | (13,097,821) | |
Current portion of GIDC payable | 111,127,052 | 15,634 | |
(130,391,996) | 263,178,505 | ||
Cash generated from operations | 293,685,710 | 568,098,898 | |
Taxes paid | (81,513,311) | (68,246,196) | |
Finance Cost Paid | (23,084,986) | (22,243,981) | |
Net cash generated / (Used in) from operating activities | 189,087,413 | 477,608,722 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Increase in long term advances | - | 114,456 | |
Advance for Land Purchase | - | (27,300,000) | |
Deferred liability | - | 22,485,559 | |
Net cash used in investing activities | - | (4,699,985) | |
CASH FLOWS FROM FINANCING ACTIVITIES Long term financing - net | (82,576,419) | (426,429,443) | |
Net cash used in financing activities | (82,576,419) | (426,429,443) | |
Net (decrease) / increase in cash and cash equivalents | 106,510,994 | 46,479,294 | |
Cash and cash equivalents at the beginning of the period | 64,658,609 | 73,148,026 | |
Cash and cash equivalents at the end of the period | 171,169,603 | 119,627,319 | |
The annexed notes from 1 to 29 form an integral part of these condensed interim financial statements.
CHIEF FINANCIAL OFFICER CHIEF EXECUTIVE OFFICER DIRECTOR