Financial Results for the Year Ended June 30, 2025

Operating fixed assets

126,881,653

264,259,416

Investment property

365,339,500

357,646,440

Long term investments

189,340,000

189,340,000

Long term security deposits

1,350,600

3,750,600

Deferred taxation - 10,866,023

CURRENT ASSETS

682,911,753

825,862,479

Stores, spares and loose tools

12,354,604

12,333,504

Contract receivables

44,457,835

45,065,957

Contract asset

65,049,779

65,049,779

Loans and advances

84,637,299

19,982,207

Other receivables

2,597,489

909,156

Tax refunds due from Government

94,600,838

90,496,383

Taxation - net

8,304,681

4,104,455

Cash and bank balances

1,946,260

3,101,414

Share capital

Capital reserves

282,662,310

282,662,310

Share premium reserve

15,380,330

15,380,330

Revaluation surplus on property, plant and equipment

111,066,181

382,426,284

Revenue reserve

126,446,511

397,806,614

Accumulated profit 376,040,628 167,280,714

TOTAL EQUITY

785,149,449

847,749,638

NON-CURRENT LIABILITIES

Deferred liability

4,642,963

6,402,590

Deferred taxation

9,599,887

-

CURRENT LIABILITIES

14,242,850

6,402,590

Trade and other payables

165,966,468

181,251,334

Unclaimed dividends

1,442,230

1,442,230

Joint venture partner's advances

30,059,542

30,059,542

Contract income

-

-

Contract expenditure

(706,759)

(920,927)

Net contract (Loss)

(706,759)

(920,927)

Operating expenses

General and administrative expenses

(64,688,824)

(33,950,830)

Other operating expenses

(38,599,125)

(745,444)

(103,287,949)

(34,696,274)

Other income

52,931,683

35,135,384

Net operating (loss)

(51,063,024)

(481,817)

Bank charges

(5,684)

(3,828)

Net fair value gain on investment property

7,693,060

3,441,280

(Loss)/ Profit before minimum taxes and final taxes

(43,375,648)

2,955,635

Minimum taxes

-

(502,458)

(Loss)/profit before income tax

(43,375,648)

2,453,177

Income Tax

(20,429,322)

40,180,043

(Loss)/profit after taxation

(63,804,970)

42,633,220

Earning per share:

(Loss)/ Earning per share - basic and diluted

(2.26)

1.51

Share capital

Reserves

Total

Capital

Revenue

Issued, subscribed and paid-up capital

Share premium reserve

Revaluation surplus on property, plant and equipment

Accumulated Profits

Rupees

Balance as at July 1, 2023

282,662,310

15,380,330

428,814,751

77,498,678

804,356,069

Total comprehensive income for the year ended June 30, 2024

Net profit for the year

-

-

-

42,633,220

42,633,220

Revaluation of property, plant and equipment - net of deferred tax

-

-

601,362

-

601,362

Gain on remeasurement of defined benefit liability

-

-

-

158,987

158,987

-

-

601,362

42,792,207

43,393,569

Transfer from revaluation surplus on property, plant and equipment:

- on account of incremental depreciation-net of deferred tax

-

-

(1,441,959)

1,441,959

-

- upon disposal of revalued property, plant and equipment

-

-

(45,547,870)

45,547,870

-

Net loss for the year

-

-

-

(63,804,970)

(63,804,970)

Revaluation of property, plant and equipment - net of deferred tax

-

-

1,463,177

-

1,463,177

Loss on remeasurement of defined benefit liability

-

-

-

(258,396)

(258,396)

Transfer from revaluation surplus on property, plant and equipment:

-

-

1,463,177

(64,063,366)

(62,600,189)

- on account of incremental depreciation-net of deferred tax

-

-

(1,884,181)

1,884,181

-

- upon disposal of revalued property, plant and equipment

-

-

(270,939,099)

270,939,099

-

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before working capital changes Changes in working capital:

Decrease / (increase) in current assets

(14,407,909)

826,409

Stores, spares and loose tools

(21,100)

(62,850)

Contract receivables

608,122

-

Loans and advances

(61,800,228)

18,271,284

Other receivables

(1,688,333)

(112,356)

Increase/(Decrease) in current liabilities

Trade and other payables

(15,284,866)

17,385,345

(78,186,405)

35,481,423

Cash (used in)/generated from operations

(92,594,314)

36,307,832

Bank charges paid

(5,684)

(3,828)

Income tax paid

(8,304,681)

(4,606,913)

Gratuity paid

(2,160,181)

(1,210,272)

(10,470,546)

(5,821,013)

Net cash (used in)/generated from operating activities

(103,064,860)

30,486,819

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition in operating fixed assets

(55,490,294)

(289,701)

Proceeds from disposal of Hyderabad land

155,000,000

-

Proceeds on realization of defence saving certificates

-

1,300,413

Return / (Acquisition) in long term security deposits

2,400,000

(2,550,000)

Shares acquired from conversion of loan to equity

-

(27,967,000)

Net cash generated from/(used in) investing activities

101,909,706

(29,506,288)

Net (decrease)/ increase in cash and cash equivalents

(1,155,154)

980,531