PAIDARCEMENT HARIBWAL CEMENT LIMITED
September 23, 2025
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road. Karachi.
Subject: Announcement of Board Meetinq • For the Year Ended June 30, 2025
Dear Sir,
We have to inform you that the Board of Directors' of Gharibwal Cement Limited (GCL) in their meeting held on September 23, 2025 at 16:00, at Lahore and through online platform, recommended the following:
CASH DIVIDEND: Nil
BONUS SHARES Nil
RIGHT SHARES Nil (iv)ANYOTHERENTlTLEMENTICORPORATEACTlONNil
(v) ANY OTHER PRICE-SENSITIVE INFORMATION: Nil
Audited financial results of the company for the year ended June 30, 2025 is attached as "Annexure". Annual General Meeting (AGM) ol Gharibwal Cement Limited is proposed to be held on Friday, October 24, 2025 at 11:00 a.m. and accordingly share transfer books of the company will remain close from October 18 to October 24, 2025 both days inclusive. Notice of AGM will also be sent separately.
The Annual Report of the Company will be transmitted through PUCARS atleast 21 days before holding of Annual General Meeting.
For GharibwalC en
Co any Secretary
Yours Sincerely,
t Limited
He«8 0ffi‹e 9 : First Capitol Tower,st Floor, 27-H, Gulberg-II, Lahore, Pakistan.
o‹to @ : 30km Pink Daxan Klan Jehlum Road, Ismailwal, Tehsil Choa Soidan Shah, District Cliokwol.
GHARIBWAL CEMENT LIMITED
STATEMENT OF FINANCIAL P0SITI08 AS AT JUICE 30, ZtZ1
ASSETS
NON CURRENT ASSETS
Note 2025 2024
(Rupeesin'000s)
Property, plant and equipment | 4 | 28,925,756 | 28,548,270 |
Loan and advances | 5 | 233,333 | 1,811 |
Deposits | 6 | 47,253 73,441 | |
CURRENT ASSETS
Inventories
Trade and other receivables Loan and advances Deposits
Prepayments
Advance income tax -net Short term investments Cash and cash equivalent
TOTAL ASSETS
29,206,342 28,623,522
5,879,777 | 5,592,128 |
909,237 | 870,941 |
304,812 | 594,263 |
58,838 | 35,763 |
93,980 | 179,496 |
337,278 | 425,338 |
1,537,520 | 412,820 |
352,978 | 391,386 |
7
8
9
10
11
12
13
9,474,420 8,502,135
38,680,762 37,125,657
EQUITY AND LIABILI1"IES
SHARE CAPITAL AND RESERVES
Authorized share capital (800 million ordinary share of Rs. 10 each)
8,000,000 8000000
Issued, subscribed and paid up capital | 14 | 4,002,739 | 4,002,739 |
Surplus on revaluation of property, plant and equipment | 15 | 7,861,002 | 8,277,159 |
Retained earnings
NON CURRENT LIABILITIES
Borrowings Deferred taxation
CURRENT LIABILITIES
13,992,334 11,771,707 25,856,075 24,051,605
687,500 | 959,907 |
8,434,343 | 8,376,806 |
16
17
9,121,843 9,336,713
Trade and other payables | 18 | 3,373,592 | 3,439,684 |
Borrowings - current portion | 16 | 206,250 | 204,786 |
Markup and profit payable | 19 | 2,785 | |
Employees' benefits obligations | 20 | 86,815 | 70,015 |
Contract liabilities | 21 | 27,907 | 11,915 |
Unclaimed dividend | 8,280 | 8,154 | |
3,702,844 | 3,737,339 |
CONTINGENCIES AND COMMITMENTS 22
TOTAL EOUITY AND LIABILITIES 38,680,762 37,125,657
The annexed notes 1 to 42 form an integral part of these financial statements.
Director
Chief Financial Officer
Director
GHARBWALCEMENTLIMlTED STATEMENTOFPROF1TORLOSSFORTHEYEARENDEDJUNE30,2025
Note 2025 2024
(Rupees in '000s)
Net sales revenue | 23 | 19,620,351 | 18,165,083 | |
Cost of sales | 24 | (15,034,236) | (14,390,313) | |
Gross Profit | 4,586,115 | 3,774,770 | ||
Administrative and general expenses | 25 | (770,320) | (734,353) | |
Selling and distribution expenses | 26 | (89,003) | (88,420) | |
Other expenses | 27 | (266,053) | (209,789) | |
Other income | 28 | 11,612 | 7,677 | |
Profit from operations | 3,472,351 | 2,749,885 | ||
Finance income | 29 | 369,632 | 360,131 | |
Finance cost | 30 | (252,193) | (279,380) | |
Profit before levy and income tax | 3,589,790 | 2,830,636 | ||
Levy - final tax | 31a | (16,085) | (18,828) | |
Profit before income tax | 3,573,705 | 2,811,808 | ||
Income tax expense | 31 b | (1,368,961) | (1,069,078) | |
Profit after taxation | 2,204,744 | 1,742,730 |
Rupees
Earnings per share (basic and diluted) 32
The annexed notes 1 to 42 form an integral part of these financial statements.
Director Chief Financial Officer
5.51 4.35
Director
GHARIBWAL CEMENT LIMITED
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
Note 2025 2024
(Rupees in '000s)
Profit after taxation for the year Other Comprehensive Income
Total comprehensive income for the year
2,204,744 1,742,730
2,204,744 1,742,730
The annexed notes 1 to 42 form an integral part of these financial statements.
Director Chief Financial Officer Director
GHAR!BWAL CEMENT LIMITED
Share Capital | Capital Reserve | Revenue Reserve | Total |
Revaluation Surplus on PPE | Retained Earnings |
STATEMENT OF P.HANGES INEQUITY FOR THE YEAR ENDED JUNE 30, 2025
----- ---- | -- (Rupees in '000s) | -------------------- | ||
Balance as at June 30, 2023 | 4,002,739 | 8,717,759 | 3,588,377 | 22,308,875 |
Total Comprehensive income for the year ended June 30, z02*. | 1,742,730 | 1,742,730 | ||
Realization of revaluation surt›Ius on PPE through depr00iation {net of tax) | (440,600) | 440,600 | ||
Balance as at June 30, 2024 | 4,00z,739 | 8,277,1?9 | 11,771,707 | 24,051,605 |
Total Comprehensive income for the year eiided .uie 'J?, 'JJ2'› | 2,204,744 | 2,204,744 | ||
Realization of revaluation surplus on .^F'ñ tn'ougñ d !c..i:.tion tt .! ‹'! ‹cx; Transaction with the entity's owners | (416, 57) | 416,157 | ||
Interim cash dividend @ Rs. *.0fi per °naiu for the '‹'ai em!cd Ju'^° ?›ñ, 2C‹ñ | (400 274) | (400,274) | ||
Balance as at June 30, 2025 | 4,002,739 | 7,861,002 | 13,992,334 | 25,856,075 |
The annexed notes 1 to 42 form an integral part of these !inai› -.iaI sta'ernents. |
Director
Chief Financial Officer
Director
GHARIBWALCEMENTLIMITED STATEMENTOFCASHFLOV£SFORTHEYEARENDEDJUNE30,2025
Note 2025 2024
(Rupees in '000s)
CASH FLOW FROM OPERATING ACTIVITIES
Net profit before levy and income tax | 3,589,790 | 2,830,636 | ||
Adjustment for non-cash and other items: | 33 | 1,468546 | 1,463203 | |
Operating profit before working capital changes | 5058,336 | 4 293,839 | ||
Net changes in working cap tal | 34 | (309,073) | (2,386,896) | |
Cash inflow from operation | 4,749,263 | 1,906,943 | ||
Finance cost paid | (221,999) | (280,122) | ||
Movement in employees' benefit obligation | 16,800 | (62,635) | ||
WPPF and WWF paid | (335,475) | (276,854) | ||
Income tax paid | (1,239,450) | (939,467) | ||
Net cash inflow from operating activities | 2,969,139 | 347,865 | ||
CASH FLOW FROM INVESTING ACTIVITIES Payments for property, plant and equipment | (1,712,267) | (1,526,973) | ||
Payments for intangibltz assets Proceeds on disposal of operating fixed assets | '.4,849 | 9,008 | ||
Short term investments - net | (1,120,369) | (207,649) | ||
Markup income on investments | 128,198 | 65,414 | ||
Dividend income on investments | 139 | 18,096 | ||
Capital gain from investments | 107,000 | 101,653 | ||
Loan returned by Balochistan Glass Limited (related party) - net | 58,333 | 4,033 | ||
Markup and LG Commission received from Balochistan Glass Limited (related party) | 140,321 | 358,716 | ||
Net cash outflow from investing activities | (2,383,796) | (1,177,702) | ||
CASH FLOW FROM FINANCING ACTIVITIES | ||||
Proceeds from borrowings | 1,100,000 | |||
Repayment of borrowings | (284,871) | (420,397) | ||
Proceeds of borrowings from related pariy | ||||
Repayment of borrowings from related party | ||||
Proceeds of lease liability | ||||
Dividend paid to directors (net of tax) | (310,236) | |||
Dividend paid to other shareholders (net of tax) | (28,644) | |||
Net cash (outflow) I inflow from financing activities | (623,751) | 679,603 | ||
Net decrease in cash and cash equivalents | (38,408) | (150,234) | ||
Cash and cash equivalents at beginning of the year | 391,386 | 541,620 | ||
Cash and cash equivalents at end of tf.e year | 13 | 352,978 | 391,386 | |
The annexed notes 1 to 42 form an integral part of these financial statements. |
Director Chief Financial Officer Director