GAMMON PAKISTAN LIMITED
UN-CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT MARCH 31, 2026
UN-AUDITED | AUDITED | |
March 31, 2026 | June 30, 2025 | |
Rupees | ||
ASSETS
NON CURRENT ASSETS
Property, plant and equipment | 124,198,773 | 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 | 680,228,873 | 682,911,753 | |
Stores, spares and loose tools | 7,942,259 | 12,354,604 | |
Contract receivables | 30,330,363 | 44,457,835 | |
Contract asset | 65,049,779 | 65,049,779 | |
Loans and advances | 93,069,800 | 84,637,299 | |
Other receivables | 7,603,699 | 2,597,489 | |
Tax refunds due from Government | 110,725,736 | 102,905,520 | |
Cash and bank balances | 1,400,301 | 1,946,260 | |
316,121,937 | 313,948,786 |
TOTAL ASSETS 996,350,810 996,860,539
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share capital | 282,662,310 | 282,662,310 | |
Capital reserves | |||
Share premium reserve | 15,380,330 | 15,380,330 | |
Revaluation surplus on property, plant and equipment | 109,476,981 | 111,066,181 | |
Revenue reserve | 124,857,311 | 126,446,511 | |
Accumulated profit | 376,996,710 | 376,040,628 | |
784,516,331 | 785,149,449 | ||
NON-CURRENT LIABILITIES | |||
Deferred liability | 4,407,874 | 4,642,963 | |
Deferred tax liability | 15,363,522 | 9,599,887 | |
19,771,396 | 14,242,850 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 160,561,311 | 165,966,468 | |
Unclaimed dividends | 1,442,230 | 1,442,230 | |
Joint venture partner's advances | 30,059,542 | 30,059,542 | |
192,063,083 | 197,468,240 | ||
TOTAL EQUITY AND LIABILITIES | 996,350,810 | 996,860,539 | |
CONTINGENCIES AND COMMITMENTS | - | - |
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
GAMMON PAKISTAN LIMITED(2,848,847) | (684,411) | (969,376) | (356,201) |
(34,493,125) | (28,927,783) | (7,073,368) | (11,248,906) |
UN-AUDITED | |||
NINE MONTHS ENDED | QUARTER ENDED | ||
March 31, | March 31, | ||
2026 | 2025 | 2026 | 2025 |
----------------------------------------Rupees---------------------------------- | |||
Contract income Contract expenditure | - (860,390) | - (387,874) | - (287,265) | - - |
Net contract (loss) Operating expenses | (860,390) | (387,874) | (287,265) | - |
Depreciation | ||||
Administrative expenses Operating loss | (38,202,362) | (30,000,068) | (8,330,009) | (11,605,107) |
Other income | 43,336,163 | 27,017,687 | 11,422,913 | 9,226,559 |
Finance cost | (3,284) | (5,688) | (152) | (700) |
(Loss)/profit before tax & levies | 5,130,517 | (2,988,069) | 3,092,752 | (2,379,248) |
Minimum and final- Levy | - | (5,140,319) | - | (5,140,319) |
(Loss)/profit before income tax | 5,130,517 | (8,128,388) | 3,092,752 | (7,519,567) |
Taxation - current Tax | (5,763,635) | 36,044 | - | - |
(Loss)/profit after income tax | (633,118) (8,092,344) | 3,092,752 | (7,519,567) | |
Earnings per share: | ||||
Earnings per share - basic and diluted | (0.02) | (0.29) | 0.11 | (0.27) |
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR GAMMON PAKISTAN LIMITED
Share capital | Reserves | |||
Capital | Revenue | |||
Issued, subscribed | Share | Revaluation surplus on | Accumulated | Total |
and paid-up | premium | property, plant | Profits | |
capital | and equipment | |||
Balance as at June 30, 2024 (Audited) | 282,662,310 | 15,380,330 | Rupees 382,426,284 | 167,280,714 | 847,749,638 |
Total comprehensive income for the period | |||||
(Loss) for the period | - | - | - | (8,092,344) | (8,092,344) |
Transfer from revaluation surplus on property, plant and equipment: | |||||
- on account of incremental depreciation-net of deferred tax | - | - | (695,231) | 695,231 | - |
Balance as at March 31, 2025 | 282,662,310 | 15,380,330 | 381,731,053 | 159,883,601 | 839,657,294 |
Balance as at June 30, 2025 (audited) | 282,662,310 | 15,380,330 | 111,066,181 | 376,040,628 | 785,149,449 |
Total comprehensive income for the period | |||||
(Loss) for the period | - | - | - | (633,118) | (633,118) |
Transfer from revaluation surplus on property, plant and equipment:
- on account of incremental depreciation-net of deferred tax - - (1,589,200) 1,589,200 -Balance as at March 31, 2026 282,662,310 15,380,330 109,476,981 376,996,710 784,516,331CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
GAMMON PAKISTAN LIMITED
UN-CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2026
UN-AUDITED | ||
NINE MONTHS ENDED | ||
March 31, 2026 | March 31, 2025 | |
Rupees | ||
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Profit/(Loss) before working capital changes Changes in working capital: (Increase) in current assets | 8,573,425 | (2,549,866) | |
Stores, spares and loose tools | 4,412,345 | (21,100) | |
Contract receivables | 14,127,472 | - | |
Loans and advances | (8,432,501) | (50,826,929) | |
Other receivables | (5,006,210) | (2,908,648) | |
Increase in current liabilities | |||
Trade & other payable | (5,405,157) | 60,481,705 | |
(304,051) | 6,725,028 | ||
Net cash generated from operating activities | 8,269,374 | 4,175,162 | |
Financial cost paid | (3,284) | (5,688) | |
Income tax paid | (7,820,216) | (8,548,025) | |
(7,823,500) | (8,553,713) | ||
Net cash generated/(used in) operating activities | 445,874 | (4,378,551) | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchase of fixed assets | (1,040,701) | (143,500) | |
Sale proceeds from disposal of fixed assets | 48,868 | - | |
Long term security deposits | - | 2,400,000 | |
Net cash (used in)/generated from investing activities | (991,833) | 2,256,500 | |
Net (decrease) / increase in cash and cash equivalents | (545,959) | (2,122,051) | |
Cash and cash equivalents at the beginning of the period | 1,946,260 | 3,101,414 | |
Cash and cash equivalents at the end of the period | 1,400,301 | 979,363 | |
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR