*°'
RRIF HRBIB DOLMEN
R E I T M A N A G E M E N T L I M I T E D
Oclobcr 10, 2025
1 he General Manager
leak istan Stock Lxchange Limited
Stock F.xchangc I3uilding Stock lsxclznngc koad Kai"aclli.
FORM-7
Siibjcct:
FINANCIAL RESULTS OF GLOBE RESIDENCY REIT FOR THE QUARTER ENDED SEPTEMBER 30, 2025
IJcar Si i'.
Wc li‹ivc to inforr you that I3oard of Dircctors of Arif Habib Dolmen REIT Managcincnt Lim ited, the M;in‹igcincnt Corn pany of Globe Residency MIT (the Scheme), in their meeting held on Friday, October 10, 2025 at 02:30 p.rn. at Arif Habib Ccntre, 23 M.T Khan Road, Karachi i, rcconiircnded the follo vin3:
CASH DIVIDEND
I3ONUS SHARES
RIGHT SHARES
ANY OTHER ENTI'I'LEMENT / CORPORATE ACTION
ANY OTHER I'RICE-SENSITIVE INFORMATION
NIL NIL NIL NIL NIL
l'hc financial results of tlic Scheme, along with the requircd additional statements are attached herewith as follows:
Condensed inlcrim statement of financial position (Annexure - A); Con‹1ensed interim stateircnt of profit or loss (Annexure - B);
Condcnsed interims statement of changes in unit-lioldcr's fund (Annexure - C); and Condcnscd interim statement of cash fiows (Annexure - D)
l"IJc icpoll of lhc Schcinc for the quai1ci ended Scptembei 30, 2025 will be transmitted through I*tJ¿ARñ, with in speci fled timc.
I'ncl: As stated abovc
GLOBE RESIDENCY REIT
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT SEPTEMBER 30, 2025
ASSETS
Non-current assets
(Annexure - A)
September June 30,
30, 2025 2025
Un-audited Audited
--- --- -- (Rupees in '000) ----------
Property and equipment Long term deposits | 7,885 | 7,885 | |
Contract cost assets | 3.501 | 7.401 | |
11,386 | 15,286 | ||
Current assets | |||
Current portion of contract cost assets | 18,550 | 13,420 | |
Inventory property | 2,955,409 | 2,778,322 | |
Contract assets | 2.085.200 | 1,548,346 | |
Advance for development expenditure | 430,123 | 357,754 | |
Advance and prepayments | 11,464 | 15,620 | |
Trade and other receivables | 552,205 | 556,44 1 | |
Receivable from joint operator | 108.647 | 271,026 | |
Bank balances | 169,254 | 62,535 | |
6,330,852 | 5,603,464 | ||
Total assets | 6.342.238 | 5.618 750 | |
UNIT HOLDERS' FUND AND LIABILITIES | |||
REPRESENTED BY: | |||
Unit hoIders' fund | |||
Issued, subscribed and paid up units 140,000 000 (J une 30, 2024: 140,000,000) units of Rs. 10 each | 1,400,000 | 1,400 000 | |
Revenue reserves | 269,979 | 581 630 | |
1,669,979 | 1,981,630 | ||
LIABILITIES | |||
Non-current liabilities Long term loan / financing | 2,013,869 | 1,838,889 | |
Current liabilities | |||
Current portion of long term loan / financing | 449,109 | 516,253 | |
Working capital finance | 428,379 | 226,017 | |
Gont fact liabilities | 1,0B3,146 | 402,889 | |
Trade and other payables | 190,626 | 206,436 | |
Payable to the REIT Management Company | 9,094 | 9,027 | |
Payable to the Central Depository Company of Pakistan Limited - Trustee | 3.237 | 3,225 | |
Payable to the Securities and Exchange Commission of Pakistan | 6,157 | 4,976 | |
Accrued expenses and other liabilities | 466,405 | 408,022 | |
Dividend payable | 19,491 | 18,360 | |
Gommission payable | 3,026 | 3 026 | |
2,658,370 | 1,798,231 | ||
Total liabilities | 4,672,259 | 3,637,120 | |
Total unit holders' fund and liabilities | 6.342 238 | 5 618,750 |
Net assets value per unit
(Rupees)
11.93 14.15
Razi Haider * Chief Financial Offa
GLOBE RESIDENCY REIT
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE PERIOD FROM JULY 01, 2025 TO SEPTEMBER 30, 2025
(Annexure - B)
September September
30, 2025 30, 2024
----------- (Rupees in '000) •••••••---•
Revenue from contracts with customers | 1,045,835 | 492.632 | |
Cost of sales | (824,921) | (398,171) | |
Gross profit | 220,914 | 94,461 | |
Administrative and operating expenses | (44,998) | (23,665) | |
Net operating income | 175,916 | 70,796 | |
Other income | 20,200 | 13,715 | |
196,116 | 84,511 | ||
Remuneration of the REIT Management Company | (7,058) | (7,05B) | |
Sindh sales tax on remuneration of the REIT Management Company | (1,059) | (1,059) | |
Remuneration of the Central Depository Company of Pakistan Limited - Trustee | (1,412) | (1,412) | |
Sindh sales tax on remuneration of the Trustee | (212) | (212) | |
Annual fee of the Securities and Exchange Commission of Pakistan | (1,181) | (1,327) | |
Marketing expense | (5,635) | (27) | |
(16,557) | (11,095) | ||
Reversal of credit loss allowance | 352 | ||
Profit before tax | 179,911 | 73,416 | |
Taxation | (1,562) | (749) | |
Profit after tax | 178,349 | 72,667 | |
(Rupees} | (Rupees) | ||
Earnings per unit - basic and diluted | 1.27 | 0.52 |
Razi Haider
Chief Financial Offi
GLOBE RESIDENCY REIT
CONDENSED INTERIM STATEMENT OF CHANGES IN UNIT HOLDERS' FUND (UN-AUDITED) FOR THE PERIOD FROM JULY 01, 2025 TO SEPTEMBER 30, 2025
(Annexure - C)
Issued, subscribed and paid up units | Revenue reserves Total unit Unappro- holders' priated fund profit |
(Rupees in '000)
Balance as at July 01, 2024 | 1,400,000 | 287,405 | 1,687,405 | ||
Total comprehensive income for the period | 72,667 | 72,667 | |||
Transactions with owners recorded directly in equity: | |||||
Final cash dividend for lhe year ended June 30, 2024 at Rs. 1.75 per unit declared on September 09, 2024 | (245,000) | (245,000) | |||
Balance as at September 30, 20Z4 | 1,400, 000 | 115,072 | 1,515,072 | ||
Balance as at July 01, 2025 | 1,400, 000 | 581,630 | 1,981,630 | ||
Total comprehensive income for the period | 178,349 | 178,349 | |||
Transactions with owners recorded directly in equity: | |||||
Final cash dividend for the period ended June 30, 2025 at Rs. 3.50 per unit declared on July 31, 2025 | (490 000) | (490 000) | |||
Balance as at September 30, 2025 | 1,400,000 | 269,979 | 1,669,979 |
GLOBE RESIDENCY REIT
CONDENSED INTERIM STATEMENT OF CASH FLOWS UN-AUDITED} FOR THE PERIOD FROM JULY 01, 2025 TO SEPTEMBER 30, 2025
(Annexure - D)
September September
30, 2025 30, 2024
- --- (Rupees in '000) ----------
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Profit before tax | 179,911 | 73¥16 | |
Adjustments for non-cash items• | |||
Depreciation expense | 38 | ||
Reversal of credit loss allowance | (352) | ||
Profit on bank oeposit | (5,385) | ||
174,174 | 73,454 | ||
(Increase) / decrease in assets | |||
Inven tory property | (177,087) | 37,038 | |
Con tract cost assets | (1,230) | ||
Con tract assets | (536,854) | (55,418) | |
Advance and prepayments | 4,156 | (9 134) | |
Trade and other receivables | 5,858 | ||
Receivable from oint operator | (37,621) | (103,675) | |
Advance for development expenditure | (72,369) | 2,921 | |
(815,147) | (128,268) | ||
(Decrease) / increase in 1iabilities | |||
Contract liabilities | 680,257 | (20,869) | |
Trade and other payables | (15,810) | (206,588) | |
Payable to the REIT Management Company | 67 | 8,260 | |
Payable to the Central Depository Company of Pakistan Limited - Trustee | 12 | (10,997) | |
Payable to the Securities and Exchange Commission of Pakistan | 1,181 | 1,327 | |
Working capital finance | 9,129 | 84,941 | |
Accrued expenses and other liabilities | 57,643 | 5,393 | |
Accrued mark-up | 32.85S | 96.391 | |
765,335 | (42.222) | ||
Profit on deposit received | 4,115 | ||
Tax paid | (822) | (1,162) | |
Net cash (used in) / generated from operating activities | 1 27,655 | (98,198) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Principal paid on long term loan | (100,000) | ||
Proceeds from working capital finance | 183,233 | ||
Proceeds from diminishing musharakah facility | 175,000 | 100,000 | |
Proceeds from joint operation | 200,000 | ||
Dividend paid | (489,169) | ||
Net cash generated from / (used in) financing activities | (20,936) | 100,000 | |
Net increase in cash and cash equivalents during the period | 106,719 | 1,802 | |
Cash and cash equivalents at the beginning of the period | 62,535 | 8,754 | |
Cash and cash equivalents at end of the period | 169,254 | 10,556 | |