CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2025
Un-audited Audited
September 30, June 30,
ASSETS 2025 2025
NON CURRENT ASSETS
Property, plant and equipment
RupeesOperating fixed assets | 127,094,734 | 126,881,653 | |
Investment property | 365,339,500 | 365,339,500 | |
Long term investments | 189,340,000 | 189,340,000 | |
Long term security deposits 1,350,600 1,350,600 | |||
CURRENT ASSETS | 683,124,834 | 682,911,753 | |
Stores, spares and loose tools | 12,361,104 | 12,354,604 | |
Contract receivables | 37,487,263 | 44,457,835 | |
Contract asset | 65,049,779 | 65,049,779 | |
Loans and advances | 79,983,063 | 84,637,299 | |
Other receivables | 8,213,859 | 2,597,489 | |
Tax refunds due from Government | 94,762,203 | 94,600,838 | |
Taxation - net | 8,304,681 | 8,304,681 | |
Cash and bank balances | 1,835,851 | 1,946,260 | |
307,997,803 313,948,785
TOTAL ASSETS 991,122,637 996,860,538
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES | |||
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 | 110,828,713 | 111,066,181 | |
126,209,043 | 126,446,511 | ||
Revenue reserve | |||
Accumulated profit 370,629,012 376,040,627 | |||
NON-CURRENT LIABILITIES | 779,500,365 | 785,149,448 | |
Deferred liability | 4,562,604 | 4,642,963 | |
Deferred taxation | 9,599,887 | 9,599,887 | |
14,162,491 | 14,242,850 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 165,958,009 | 165,966,468 | |
Unclaimed dividends | 1,442,230 | 1,442,230 | |
Joint venture partner's advances | 30,059,542 | 30,059,542 | |
197,459,781 197,468,240
TOTAL EQUITY AND LIABILITIES 991,122,637 996,860,538
CONTINGENCIES AND COMMITMENTS - -
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
CONDENSED INTERIM PROFIT OR LOSS STATEMENT ((UN-AUDITED)) FOR THE QUARTER ENDED SEPTEMBER 30, 2025
July - Sept, July - Sept,
2025 2024
RupeesContract Income Contracts Expenditure | - (218,070) | - (196,996) | |
Net contract loss Operating expenses | (218,070) | (196,996) | |
General and administrative expenses | (12,316,333) | (7,101,255) | |
Other income | 6,988,456 | 8,908,284 | |
(5,327,877) | 1,807,029 | ||
Operating (Loss)/Profit | (5,545,947) | 1,610,033 | |
Bank Charges | (3,136) | (2,900) | |
(Loss)/Profit before final tax Final tax (Loss)/Profit before taxation | (5,549,083) - (5,549,083) | 1,607,133 - 1,607,133 | |
Taxation | (100,000) | (273,213) | |
(Loss)/Profit after tax | (5,649,083) | 1,333,920 |
Earning per share - basic and diluted (Rupees) (0.20) 0.05
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
GAMMON PAKISTAN LIMITED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025Share capital | Reserves | Total | ||
Capital | Revenue | |||
Issued, subscribed and paid-up capital | Share premium reserve | Revaluation surplus on property, plant and equipment | Accumulated profit | |
Rupees
Balance as at July 01, 2024 | 282,662,310 | 15,380,330 | 382,426,284 | 167,280,714 | 847,749,638 | |
Total comprehensive income for the quarter ended September 30, 2024 | ||||||
Profit for the quarter | - | - | - | 1,333,920 | 1,333,920 | |
- Revaluation of property, plant and equipment - net of deferred tax | - | - | - | - | - | |
- | - | - | 1,333,920 | 1,333,920 | ||
Transfer from revaluation surplus on property, plant and equipment: | ||||||
- on account of incremental depreciation-net of deferred tax | - - | (326,533) | 326,533 | - | ||
Balance as at September 30, 2024 | 282,662,310 | 15,380,330 | 382,099,751 | 168,941,167 | 849,083,558 | |
Balance as at July 01, 2025 | 282,662,310 | 15,380,330 | 111,066,181 | 376,040,627 | 785,149,448 | |
Total comprehensive income for the quarter ended September 30, 2025 | ||||||
Loss for the quarter | - | - | - | (5,649,083) | (5,649,083) | |
- Revaluation of property, plant and equipment - net of deferred tax | - | - | - | - | - | |
- | - | - | (5,649,083) | (5,649,083) | ||
Transfer from revaluation surplus on property, plant and equipment: | ||||||
- on account of incremental depreciation-net of deferred tax | - - | (237,468) | 237,468 | - | ||
Balance as at September 30, 2025 | 282,662,310 | 15,380,330 | 110,828,713 | 370,629,012 | 779,500,365 | |
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
GAMMON PAKISTAN LIMITED
CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025
Three months ended September 30,
2025 2024
Rupees(Loss)/Profit for the period-before taxation CASH FLOWS FROM OPERATING ACTIVITIES: | (5,549,083) | 1,607,133 | |
Adjustment for non-cash charges and other items: | |||
Depreciation | 458,720 | 369,012 | |
Finance cost | 3,136 | 2,900 | |
461,856 371,912 | |||
(Loss)/Profit before working capital changes | (5,087,227) | 1,979,045 | |
(Increase)/Decrease in current assets: | |||
Stocks of materials, stores and spares | (6,500) | (11,000) | |
Contract receivables | 6,970,572 | - | |
Loans and advances | 4,654,236 | (2,151,290) | |
Other receivables | (5,616,370) | (1,184,330) | |
Increase/(Decrease) in current liabilities Trade and other payables | (8,459) | 2,350,133 | |
5,993,479 (996,487) | |||
Net cash inflow from operating activities | 906,252 | 982,558 | |
Finance cost | (3,136) | (2,900) | |
Gratuity paid | (80,359) | (219,800) | |
Income tax paid | (261,365) | (1,275,240) | |
(344,860) | (1,497,940) | ||
Net cash inflow/(outflow) from operating activities | 561,392 | (515,382) | |
CASH FLOW FROM INVESTING ACTIVITIES | |||
Acquisition of fixed operating assets | (671,801) | (26,003) | |
Net cash (outflow) from investing activities | (671,801) | (26,003) | |
CASH FLOW FROM FINANCING ACTIVITES | - | - | |
Net (Decrease) in cash and cash equivalent | (110,409) | (541,385) | |
Cash and cash equivalents at the beginning of the quarter | 1,946,260 | 3,101,414 | |
Cash and cash equivalents at the end of the quarter | 1,835,851 | 2,560,029 | |
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR