TH ROUC FI PUCA RQ
GTYR/CORPAOD11•FIVO0f/25
September 3, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi- 74000
Dear Sir,
FINANCIAL RESULTS FOR THE YEARENDED JUNE 30, 2025We have to inform you that the Board of Directors of Mls. Ghandhara Tyre and Rubber Company Limited (Company) in their mceting held on Wednesday, September 3. 2025 at 1:00 p.m. at Karachi and recommended the follo 'ing:
Cash Dividend NIL
Bonus Shares NIL
Right Shares NIL
Any Other Entitlement/Corporate Action NONE
Any Other Price-Sensitive Information L'ONE
The financial results of the Company which comprise of the following statements:
a) Slatements of Profit & Loss and Other Comprehensive b) Statement of Financial Position; Income;
c) Stalenicnt of Changes in Equity; 2iJd d) Statement of Cash Flows.
mnnF o}•4nnAvvREAT'4ORMBBERCOM@ANVLlMlTEO
H 23/2 Landhi Industrial Trading Estate, Lancihi. Karcchi, Pokistan. Phones * 92 21 3508 0172 t10 Lines),
UAN. 92 21 I T a87 487 Fax: +92 21 3509 017 T, 6mial: hcodofficej gentipak.com. '/ebsite: va'v.gtr.com pk
The Share Transfer Books of the Company will remain closed from 21 October 2025 to 28 October 2025 (both days inclusive). Transfer received in order at the office of our Shares Registrar Mls. CDC Share Registrar Services Limited, at the close of business on Monday October 20, 2025, will be treated in tiine for the purpose of any entitlement and to atlend, participate and vote at the meeting.
The annual report of the Company will be transmitted through PUCAR at least 21 da) s before holding the Annual General Meeting.
Yours sincercly,
for Mls. Ghandhara Tyre and Rubber Company Limited
Atliar A. Khan Company Secretary
Securities and Exchange Commission of Pakistan 63-Jinnah Avenue, NIC Building,
Blue Area Islamabad
GHANDHARA TYRE AND RUBBER COMPANY LIMITED
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
Note ----- Rupees in ’000 -----
Sales - net | 32 | 17,799,710 | 20.538.570 | |
Cost of sales | 33 | (15,527,813) | (17,260,660) | |
Gross profit | 2,271,897 | 3,277.910 | ||
Administrative expenses | 34 | (432,849) | (409.268) | |
Distribution cost | 35 | (752,601) | (808.987) | |
Other income | 36 | 141,605 | 145,163 | |
Other expenses | 37 | (43,501) | (29.931) | |
Profit from operations | 1,184,551 | 2,174,887 | ||
Finance cosl | 38 | (1,351,008) | (1.680.260) | |
(166,457) | 494,627 | |||
Share of profit of an associated company | 21 | 16,135 | 1,047 | |
(Loss) / profit before income taxation, revenue and final taxes | (150,322) | 495,674 | ||
Final taxes | 39.1 | - | (2,893) | |
Revenue tax | 39.2 | (195,655) | (73.098) | |
(Loss) / profit before Income taxation | (345,977) | 419.683 | ||
Taxation charge for the year | 39.3 | (20,100) | (190,623) | |
(Loss) / profit for the year | (366,077) | 229.060 | ||
Other comprehensive income | ||||
Items that will not be reclassified to profit or loss | ||||
Staff retirement gratuity re-measurement - net | 9.1.8 | 59,730 | 9,384 | |
Share of other comprehensive (loss) / income of an associated company | 2{ | (91) | 7,823 | |
Impact of deferred tax | (9,121) | (4,839) | ||
60,618 | 12,368 | |||
Surplus on revaluation of leasehold lands | 7.4 | 1,286,000 | ||
Olher comprehensive income for the year | 1,336,518 | 12,368 | ||
Total comprehensive incoma for the year | 970 1 | 241 8 |
-----•- Rupees ---•---• (Loss)/ earnings per share • basic and diluted 40 3 00 1 88
The annexed notes 1 to 51 form an integral part of these financial statements.
Chief ExeCtJtiVe
Chief Financial Officer
GHANDHARA TYRE AND RUBBER COMPANY LIMITED STATEMENT OF FINANCIAL POSITION
As A JUNE 30, 2025
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorised capital
1,219,334 758,649 |
1,000,000 3,759,748 |
4,759,748 |
125,000,000 (2024: 125,000,000) ordinary shares
2025 2024
Note •--— Rupees in '000 —-••
1,219,334 1,302,223 |
1,000,000 2,473,748 |
3,473,748 |
of Rs 10 each
Issued, subscribed and paid-up share capital Revenue reserve
Un-appropriated profit Capltal reserve
Reserve for capital expenditure
Surplus on revaluation of leasehold lands
7.1
7.3
7.4
1,250,000
1,250,000
TOTAL EQUITY LIABILITIES | 6,737,731 | 5,995,305 | ||||
NON CURRENT LIABILITIES | ||||||
Long term finances | 8 | 382.709 | ||||
Staff retirement benefits | 9 | 533,723 | ||||
Deferred liabilities | 10 | 116,803 | ||||
Liabilities under diminishing musharaka | 11 | |||||
Long term deposits from dealers | 12 | 13.230 | ||||
Deferred tax - net | 24 | 46,121 | ||||
CURRENT LIABILITIES | 1.092,586 | |||||
Current maturXy of long term finances | 8 | 205,563 | ||||
Current maturity of deferred liabilities | 10 | 37,441 | ||||
Current maturity of liabilities under diminishing musharaka | 11 | |||||
Short term finances | 13 | 2,004,431 | ||||
Running finances under mark-up arrangements | 14 | 4,673,327 | ||||
Trade and other payables | 15 | 3,654.800 | ||||
Unclaimed dividend | 19,367 | |||||
Accrued mark-up | 16 | 388,060 | ||||
Provisions | 17 | z77,225 | ||||
11,760,214 | ||||||
TOTAL LIABILITIES | 14,688,346 | 12,852,800 | ||||
TOTAL EQUITY AND LIABILITIES | 21,426,076 | 18,848,105 | ||||
Contingencies and commitments | 18 |
289,850 545,495 78,006 'I24,158 15,730 1,053,239 |
133,183 35,914 23,336 3,897,849 4,707,447 3,757,243 22,221 281,zs‹ 776,519 |
13,635,106 |
The annexed notes 1 to 51 form an integral part of these financial statements.
Chief Executive Chief Financial Officer
GHANDHARA TYRE AND RUBBER COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 20252025 2024
Note ---•- Rupees in '000 -----
ASSETS NON CURRENT ASSETS | ||||
Property, plant and equipment | 19 | 8,408,833 | 7.318,151 | |
Intangible assets | 20 | 685 | 1,621 | |
Investment in an associated company | 21 | 49,816 | 33,772 | |
Long term loans and advances | 22 | 2,315 | 4,793 | |
Long term deposits | 23 | 35,060 | 19,435 | |
Deferred tax - net | 24 | 101,978 | ||
8,598,687 | 7.377,772 | |||
CURRENT ASSETS | ||||
Stores and spares | 25 | 838,632 | 814,490 | |
Stocks | 26 | 6,661,756 | 5.078,079 | |
Trade debts | 27 | 3,671,062 | 3.693,470 | |
Loans and advances | 28 | 65,790 | 113,475 | |
Deposits and prepayments | 29 | 32,287 | 38,045 | |
Other receivables | 30 | 299,744 | 257,974 | |
Taxation - net | 1,027,388 | 1,250,365 | ||
Cash and bank balances | 31 | 230,730 | 224,435 | |
12,827,389 | 11,470,333 | |||
21,426,076 18,848,105
The annexed notes 1 to 51 form an integral part of these financial statements.
Chief Executive Chief Financial officer
GHANDHARA TYRE AND RUBBER COMPANY LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2026l6SU6d, Capital resorvos cubscrlbed Surplus on R6V6fIU6 and paid- Reserve for revaluation reaeW6 -
up capital of unapproprla share expenditure leasehold tod profit capital lands
Total
Balance as at July 1, 2023
- | 229,060 | 229.060 | ||
- | 12,368 | 12.368 |
Total comprehensive Income for the year ended June 30. 2024
aR @ @ §'§ ’ •----••••-• •-• •
1,219,334 1,000,000 2,473,748 1,060,796 5,763,877
Profit for the year Other comprehensive income | |||||
241,428 | 241.428 | ||||
Balance ae at June 30, 2024 | 1,219,334 | 1,000,000 | 2,473,748 | 1,302,223 | 5,995,305 |
Transaction with owners, | |||||
recognised directly in equity | |||||
Final cash dividend for the year | |||||
ended June 30, 2024 at the rate of Rs.1.87 per share | - | (228,015) | (228.015) | ||
Totai compreheneive income for the year ended June 30, 2025
pass for the year
Other comprehensive income
Balance ae at June 30, 2025
(366,077) | (366,077) | |||
1,286,000 | 50,518 | 1.336,518 |
1,286,000 (315,559) 970.441
1,210,334 1,000,000 3,769,748 758,649 6,737,731
The annexed notes 1 to 51 form sn Integral part of these finenclal statements.
Chief Financlal Officer
GHANDHARA TYRE AND RUBBER COMPANY LIMITED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
Note -•-- Rupees in ’000 ••••
CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations | 41 | 337,167 | 1.891.362 |
Staff retirement gratuity paid | (65,593) | (90,121) | |
Compensated absences paid | 9.2 | (6,034) | (7.348) |
Long term deposits from dealers - net | 2,500 | 1.600 | |
Finance cost paid | (1,448,152) | (1.667.597) | |
Taxes paid - net | (149,998) | (40.844) | |
Long term loans and advances - net | 2,478 | 194 | |
Long term deposits - net | (15,625) | 33 | |
Profit on bank deposits received | 1,165 | 1,865 | |
Net cash (used In) / generated from operating activities | (1,342,092) | 89,144 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchase of property, plant and equipment | (174,857) | (174.633) | |
Purchase of intangible assets | (651) | ||
Proceeds from sale of operating fixed assets | 45,721 | 26.535 | |
Net cash uced In Investing activities | (129,136) | (148,749) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Long term finance - repaid | 8.4 | (205,563) | (282.606) |
Diminishing musharaka finances - repaid | 11 | (19,291) | |
Short term finances - net | 1,893,418 | 179,856 | |
Dividend (paid) / adjusted | (225,161) | 35 | |
Net cash generated from / (used In) from financing activities | 1,443,403 | (102.715) |
Net decresse in cash and cash equivalents
Cash and cash equivalents - at beginning of the year Cash and caeh equivalents - at end of the year
(27,825) (162.320)
(4,448,892) (4.286.572)
42 (4,476,717) (4.448.892)
The annexed noles 1 to 51 form an integral part of these financial statements.
Chlef Executive Chief Finance i om