GOC (Pak) Limited
FORM-7
April 28, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Subject: Financial Results for the Third Quarter Ended March 31, 2025
Dear Sir
We have to inform you that the Board of Directors of our company in their meeting held on April 28, 2025 at 11:00 a.m. at Sialkot has approved the un-audited accounts for the third quarter ended March 31, 2025, recommended the following:
i. | Cash Dividend | Nil |
ii. | Bonus Shares | Nil |
iii. | Right Shares | Nil |
IV. | Any Other Entitlement/ Corporate Action | Nil |
V. | Any Other Price Sensitive Information | Nil |
Un-audited financial results of the Company for the Third Quarter ended March 31, 2025 is attached as "Annexures".
The Quarterly Report of the Company for the period ended March 31, 2025 will be transmitted through PUCARS separately, within the specified time.
Yours sincerely
for
(Pak) Li ited
n Sh za
Co pany Secr tary
Small Industries Estate, Sialkot - 51310, Pakistan.
GOC (Pak) Limited
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025Un•audited 31 March
2025
Audited 30 June
2024
NON-CURRENT ASSETS
Rupees
Rupees
Property, plant and equipment | 158,330,538 | 168,935,344 |
Long term investments | 28,926,714 | 26,873,734 |
Long term deposit | 2,012,252 | 1,185,084 |
189,269,504 | 196,994,162 |
Stores and spare parts | 6,934,797 | 6,422,280 | |||
Stock in trade | 241,111,420 | 220,944,277 | |||
Trade debb | 42,362,144 | 79,064,527 | |||
Advances | 61,227,315 | 28,435,317 | |||
Short term investment | 122,869,737 | 132,882,779 | |||
Advance income tax and prepaid levy - net | 14,933,757 | 10,461,157 | |||
Trade deposits and short term prepayrnents | 2,188,053 | 1,002,540 | |||
Qher receivables | 18,@2,035 | 18,150,216 | |||
Cash and bank balances | 71,930,257 | 60,585,088 | |||
581,599,515 | 557,948,181 | ||||
CURRENT LIABILITIES | |||||
Trade and other payables | 74,966,932 | 87,687,183 | |||
Unclairned dividend | 1,488,946 | 1,250,712 | |||
76,455,878 | 88,937,895 | ||||
NET ASSETS | 694,413,141 | 666,004,448 | |||
REPRESENTED BY: | |||||
Share capital and reserves | |||||
Authorized share capital | |||||
10,000,000 (30 June 2024: 10,000,000) ordinary shares of Rupees 10 each | 100,000,000 | 100,000,000 | |||
Issued, subscribed and paid up share capital | |||||
7,349,341 (30 June 2024: 7,349,341) ordinary shares of Rupees 10 each | 73,493,410 | 73,493,410 | |||
Reserves | 620,919,731 | 592,511,038 | |||
Total equity | 694,413,141 | 666,004,448 | |||
Contingencies and comm' |
Small n ustries Estate, S alkot -
51310, Pakistan.
GOC (Pak} Limited
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (Un-audited)
FOR THE PERIOD ENDED 31 MARCH 2025
Nine months ended | |||
31 March 2025 | 31 March 2024 | ||
Quarter Ended | ||
31 March 2025 | 31 March 2024 | |
REVENUE COSTOFSALES GROSSPROFT
Rupees | Rupees | Rupees | Rupees |
370,331,949 | 333,186,289 | 181,733,033 | 84,140,748 |
(255,447,177) (230,582,778) (123,528,901) (59,796,593)
(15,515,234)
(59,842,383)
(4,925,921)
(15,754,759)
(56,160,127)
(4,211,147)
(3,290,583)
(21,552,796)
(2,761,638)
(5,008,365)
(17,070,578)
(377,119)
114,884,772 102,603,511 58,204,132 24,344,155
DISTRIBUTION COST ADMINISTRATIVE EXPENSES OTHER EXPENSES
OTHER INCOME
PROFIT FROM OPERATIONS
(80,283,538) (76,126,033) (27,605,017) (22,456,062)
34,601,234 26,477,478 30,599,115 1,888,093
16,385,108 17,872,164 4,893,873 4,963,684 50,986,342 44,349,642 35,492,988 6,851,777
FINANCE COST
SHARE OF PROFIT OF ASSOCIATED
(1,014,974) (573,479) (483,825) 49,971,368 43,776,163 35,009,163
(250,397)
6,601,380
COMPANY
PROFIT BEFORE LEW & TAXATION LEW
TAXATION
Current
Prior year adjustment
Share of tax of associated company
PROFIT AFTER TAXATION
2,114,427 3,514,070 620,040 1,640,426
52,085,795 47,290,233 35,629,203 8,241,806
(8,011,556) (5,812,658) (3,347,670) (2,142,397)
44,074,239 41,477,575 32,281,533 6,099,409
(886,708)
(18,709)
(95,773)
(935,233)
(11,033)
(1,330,260)
(229,673)
(104,311)
(247,421)
2,825,718
(1,001,190) (2,276,526) (333,984) 2,578,297
43,073,049 39,201,049 31,947,549 8,677,706
EARNINGS PER SHARE - BASI AND DILUTED
5.86 5.33
4.35
0
Small Ind stries Estate, Sialkot - 51310, Pakistan.
-52-3563051-52 / 3555338 Fax: +92-52-3551252 Cell: +92-302-8714005
GOC (Pak) Limited
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (Un-audited)
Nine months ended | | Quarter Ended | ||
31 March 2025 | 31 March 2024 | 31 tch :!!2 | 31M ch i |
FOR THE PERIOD ENDED 31 MARCH 2025
PROFIT AFTER TAXATION FOR THE PERIOD | Rupees 43,073,049 | Rupees 39,201,049 | Rupees 31,947,549 | Rupees 8,677,706 |
OTHER COMPREHENSNE INCOME/(LOSS) | ||||
Items that will not be reclassified to profit or loss: | ||||
Surplus / (deficit) arising on remeasurement of investment at fair value through other comprehensive income | J4,326 | 48,833 | 68,190 | 20,616 |
Items that may be reclassified subsequently to profit or loss | ||||
Other comprehensive income I (loss) for the period | 04,326 | 48,833 | 68,190 | 20,616 |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | 43107375 | 39,249.882 | 32,015,739 | 8,698,322 |
Small Industries Estate, Sialkot - 51310, Pakistan.
Tel: +92-52-3563051-52 13555338 Fax: +92-52-3551252 Cell: +92-302-8714005
soc Pak1 Limited
Nine months ended | |
31 Igarch 2025 | 31 uarch 2024 |
CONDMSED INTERIM STATEMENT OF CASH FLOWS(Un-audited) FOR THE PERIOD ENDED 31 MARCH 2025
CASH FLOWS FROM OPERATING ACTMTIES Profit before taxation | Rupees 52,085,795 | Rupees 47,290,233 | |
Adjustments for: | |||
Depreciation on property, plant and equipment | 12,879,382 | 12,049,440 | |
Profit on deposit account | (3,057,615) | (3,224,940) | |
Dividend income | (13,327,493) | (14,647,224) | |
Share of prod of associated company | (2,114,427) | (3,514,070) | |
Loss on disposal of property, plant and equipment | 6,249 | 1,638 | |
Finance cost | 1,014,974 | 573,479 | |
(4,598,930) | (8,761,677) | ||
Cash generated from operating astivities before working sapital changes | 47,486,865 | 38,528,556 | |
Decrease I (increase) in current assets | |||
Stores, spare parB and loose tools | (512,517) | (1,898,399) | |
Stockinlmde | (20,167,143) | (45,383,163) | |
Trade debts | 36,702,383 | 40,826,086 | |
Advances | (32,791,998) | (29,507,629) | |
Short term investment | 10,013,042 | 42,559,677 | |
Trade deposits and short term prepayments | (1,185,513) | (278,072) | |
Qher receivables | 21,705 | (414,450) | |
(7,920,041) | 5,904,050 | ||
Increase/(decrease) in current liabilities Trade and other payables (12,720,251) (874,364) | |||
Cash generated from operations | 26,846,573 | 43,558,242 | |
Finance cost paid | (1,014,974) | (573,479) | |
Income tax paid | (13,389,573) | (7,594,262) | |
Net increased in long term deposits | (827,168) | ||
(15,231,715) | (8,167,741) | ||
Net cash frorrd(used in) operating activities CASH FLOWS FROM INVESTING ACTMTIES | 11,614,858 | 35,390,501 | |
(2,520,825) | (21,660,529) |
240,000 | 975,830 |
3,144,091 | 3,673,338 |
13,327,493 | 14,647,224 |
Capital expenditure on property, plant and equipment Proceeds from disposal of property, plant and equipment Profit on deposit accounts received
Dividend income received
Net cash used in from investing activities | 14,190,759 | (2,364,137) |
CASH FLOWS FROM FINANCING ACTIVITIES Dividend paid | 14460 8) | 183 6438) |
Net cash used in financing activities | (14,460,448) | (18,396,438) |
Net increase/(decrease) in cash and cash equivalent | 11,345,169 | 14,629,926 |
Cash and cash equivalents a the beginni " e period | 60,585,088 | 24,959,459 |
Cash and cash equivalents at the en 6 " | 71,930,257 | 39,589,385 |
Small Industries s ate, Sial ot - 51310, Pakistan.
Tel: +92-52-3563051-52 / 3555338 Fax: +92-52-3551252 Cell: +92-302-8714005
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (Un-audited)
SHARE CAPITAL | RESERVES | TOTAL EQUITY | ||||||
CAPITAL | REVENUE | TOTAL RESERVES | ||||||
Capital reserve | Fair value reserve FVTOCI investment | Sub total | General reaerve | Unappropriate d Profit | Sub total | |||
FOR THE PERIOD ENDED 31 MARCH 2026
r••
Balance as at 30 June 2023 (Audited)
Rupees Rupeee Rupees Rupeee Rupees Rupees Rupeas Rupees Rupees
73,493,410 1,000,000 250,330 1,250,330 1@,455,492 406,084,003 510,539,495 511,789,825 585,283,235 +
Transacfion with owners - Final dividend for the year ended 30 June 2023 @ Rupee 2.50 per share | - | - | (18,373,353) | (18,373,353) | (18,373,353) | (18,373,353) | a | a | |||||||||||
Profit for the period ended 31 March 2024 | - | - | 39201,M9 | 39201049 | 3920049 | 39,201,M9 | |||||||||||||
Other comprehensive loss for the period ended 31 March 2024 | - | - | 48,833 | 48,833 | - | - | - | 48.833 | 48,833 | 0 | |||||||||
Total comprehensive inoome for the period ended 31 March 2024 | 48,833 | 4B,833 | - | 39,201,049 | 39,20],049 | 39,249,882 | 39.249,882 | ||||||||||||
Balance as at 31 March 2024 (Un•auditad) | 73,493410 | 1000000 | 299,163 | 0,299163 | 104455492 | 426,911699 | 530367191 | 532,666,35 | 606,59764 | u | |||||||||
Balance as at 30 June 2024 (Audited) | 73,493,410 | 1,000,000 | 387,486 | 1,387,486 | 104,455,492 | 486,668,060 | 591,123,552 | 592,511,038 | 666,0@,448 | + | |||||||||
Transaction with owners - Final dividend for the year ended 30 June 2024 @ Rupee 2.00 per share | (14,698,682) | (14,698,682) | (14,698,682) | (14,698,682) | W | O | |||||||||||||
Profit for the period ended 31 March 2025 | |||||||||||||||||||
Other comprehensive income for the period ended 31 March 2025 | E. | ||||||||||||||||||
Total comprehensiye income for the period ended 31 March 2025 | 34,326 | 34,326 | - | 43,073,049 | 43,073,049 | 43,107,375 | 43,107,375 |
43,073.049 | 43,073,049 | 43,073049 | 43.073,049 | |||||
34,326 | J4,326 | - | - | J4,326 | J4,326 |
Balance as at 31 March 2025 (Un•audited) 73,493,410 1,000,000 421,812 1,421,812 104,455,492 515,042,427 619,497,919 620,919,731 694,413,141 "D
The annexed notes form an integral part of these condensed interim financial stateme ts.
<
".
O **