Transmission of Financial Statement for the Nine month period ended March 31, 2025

3rd Quarter FINANCIAL STATEMENTS 31st March, 2025.

HAFIZ LIMITED

2025

CEO & Executive Director

Kamran Ahmed Quamruddin Osmani Muhammad Shahzad Fakir

Ali Mubeen Hashmi

HBL Islamic Bank Limited MIB Islamic Bank Limited

FORV/S MAZARS M.F. & Co.

1705, 17th Floor,

Directors' Review Report

The Directors of your company are pleased to present the unaudited accounts for the nine-month period ended March 31, 2025. As we continue to navigate through a complex economic environment, the company has maintained a focused approach, ensuring financial discipline and operational efficiency despite the external challenges.

Pakistan's economy has experienced notable improvements during this period: The Consumer Price Index (CPI) inflation dropped to significantly reflects a combination of favorable base effects, declining global commodity prices, and effective monetary policies. The central bank maintained the policy rate at 12% in March to balance inflation control with economic growth objectives. The Pakistani Rupee has shown relative stability against the US Dollar, but as of international uncertainty, Pak Rupee might face some pressure. This stability is crucial for businesses engaged in international trade and has contributed to a more predictable cost structure.

Strategic Consideration: These economic indicators have had a direct impact on Hafiz Limited's operations and have influenced the company's decisions regarding future strategic direction. In line with the current economic situation, Hafiz Limited has focused on maintaining operational efficiency and financial stability, despite the challenging business environment. Future outlook: While Hafiz Limited remains focused on rental and stock market investment, the company's long-term vision remains firmly rooted in the industrial sector. Once the economic environment stabilizes and conditions become more favorable, Hafiz Limited plans to return to its industrial roots, leveraging its experience in manufacturing and resource management to reposition itself in the broader industrial domain.

This strategic flexibility ensures that Hafiz Limited can remain resilient in the face of economic volatility while preparing for future growth in the industrial sector when the time is right.

Acknowledgement: The Board would like to take this opportunity to express its sincere gratitude to all our employees, senior executives, and stakeholders for their dedication and hard work. Their ongoing commitment has been essential in ensuring the company's resilience and success during a period of significant uncertainty.

We also extend our thanks to our shareholders for their continued trust and support. Hafiz Limited remains focused on delivering long-term value, and we are confident that the steps we are taking today will position the company for future growth in the industrial sector.

We pray to Almighty Allah for His continued guidance and support as we navigate the challenges ahead.

FOR AND ON BEHALF OF THE BOARD:

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STATEMENT OF FINANCIAL POSITION (UN AUDITED)

AS AT MARCH 31, 2025

ASSETS

Non-current assets

Property, plant and equipment 5

Investment property 6

Long-term investments- quoted

Current assets

Short-term investments 7

Stores and spares Trade debts

Trade deposits and advances Taxation - Net

Cash and bank balances

---------(Rupees)--------

567,315,308 567,324,240

60,696,585 37,988,606

Net assets in Bangladesh 1 1

Total assets 628,011,894 605,312,847

EQUITIES AND LIABILITIES

Capital and Reserves

Authorized

2,000,000 (2024: 2,000,000) ordinary shares of Rs.10/- each

Issued, subscribed and paid-up

1,200,000 (2024: 1,200,000) ordinary shares of Rs.10/- each

20,000,000 20,000,000

12,000,000 12,000,000

Reserves 599,497,605 578,817,198

611,497,605 590,817,198

Non Current Liabilities

Deferred liabilities - -

Current Liabilities Trade and other payable Unclaimed dividend

16,514,289 14,495,649

Contingencies and commitments 8 - -

Total equity and liabilities 628,011,894 605,312,847

The annexed notes form an integral part of these condensed interim financial statements.

STATEMENT OF PROFIT OR LOSS ACCOUNT AND OTHER COMPREHENSIVE INCOME

(UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2025

---------(Rupees)-------- ---------(Rupees)--------

Other comprehensive income/ (loss) for the nine months

Earnings per share - Basic and diluted

STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2025

----------(Rupees)----------

STATEMENT OF CHANGES IN EQUITY (UN AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2025

Balance as at March 31, 2024.

Balance as at July 01, 2024.

Net profit after

tax for NINE months ended (July, 2024 to

March, 2025). Final dividend

for the year

ended June 30,

2024 @ Rs.2.5/-

per share i.e. 25%.

Balance as at

March 31,

2025.

12,000,000 171,452,707 56,634,905 371,752,394 (342,401) 599,497,605 611,497,605

NOTES ANNEXED TO THE FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2025.

1. STATUS AND NATURE OF BUSINESS

   Hafiz Limited ("the Company") is a Public Limited Company incorporated in 1951 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017). The shares of the Company are listed on the Pakistan Stock Exchange Limited. The registered office of the Company is situated at 97, Alliance Building, 2nd Floor, Moolji Street, Mereweather Tower, Karachi.

   The principal activity of the Company is to earn rentals on investment properties.

2. STATEMENT OF COMPLIANCE

   These financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for Quarterly financial reporting. The accounting and reporting standards as applicable in Pakistan for Quarterly financial reporting comprise of:

   -International Accounting Standards (IAS 34), Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified by the Companies Act, 2017; and

   -Provisions of and directives issued under the Companies Act, 2017.

   Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements

3. BASIS OF PREPARATION

   1. Accounting estimates and judgments

      The preparation of these financial statements, in conformity with the approved accounting and reporting standards requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies. Estimates and judgments are continually evaluted and are based on historical experience and other factors, inculuding expectation of future events that are believed to be reasonable under the circumtances. Actual result may differ from the estimates.

   2. During the preparation of these financial statements, the significant judgments made by management in applying the Company's accounting policies and the key sources of estimation and uncertainty were the same as those that were applies to the annual audited financial statements of the Company for the year ended June 30,2024.

   3. These Quarterly financial statements are presented in Pakistan Rupee which is also the Company's functional currency.

4. SIGNIFICANT ACCOUNTING POLICIES

   Accounting policies adopted for the preparation of these Quarterly financial statements are the same as those applied in the preparation of the preceding annual published financial statements of the Company for the year ended June 30, 2024 except as disclosed below:

   Standards and amendments to approved accounting and reporting standards that are

   effective

   There are certain amendments and interpretations to the accounting and reporting standards which are mandatory for the Company's annual accounting period which began on July 1, 2024. However, these do not have any significant impact on the Company's financial reporting.

   Standards and amendments to approved accounting and reporting standards that are not yet

   effective

   There are certain amendments and interpretations to the accounting and reporting standards that will be mandatory for the Company's annual accounting periods beginning on or after July 1, 2025. However, these will not have any impact on the Company's financial reporting and, therefore, have not been disclosed in these Quarterly financial statements.

   (Un-audited) (Audited)

   March 31,

   2025

   June 30,

   2024

5. PROPERTY, PLANT AND EQUIPMENT Note -----Rupees-----

6.1.1 Represents further payments made in respect of land in the area of K-28, Phase II, Block A,Trans Lyari Quarters, Hawksbay Road, District Maripur, Karachi.

(Un-audited) (Audited)

1. SHORT-TERM INVESTMENTS

   March 31,

   2025

   June 30,

   2024

   Quoted - at fair value through profit or loss ---------- (Rupees) ----------

   AISHA STEEL MILLS LIMITED 25,000 (2024: 25,000) ordinary shares of Rs. 10/- each AMTEX LIMITED	605,635		605,635
   100,000 (2024: 25,000) ordinary shares of Rs. 10/- each	291,917		26,351
   AZGARD NINE LIMITED 10,000 (2024: 10,000) ordinary shares of Rs. 10/- each	125,568		125,568
   CHAKWAL SPINNING MILLS LIMITED 4,000 (2024: 50,000) ordinary shares of Rs. 10/- each	367,749		187,520
   CNERGYICO PK LIMITED 325,000 (2024: 225,000) ordinary shares of Rs. 10/- each	1,979,226		1,593,951
   COLONY TEXTILE MILLS LIMITED 125,000 (2024: 40,000) ordinary shares of Rs. 10/- each	877,826		216,876
   DOST STEELS LIMITED 10,000 (2024: 10,000) ordinary shares of Rs. 10/- each	64,607		64,607
   FAUJI FOODS LIMITED
   160,000 (2024: NIL) ordinary shares of Rs. 10/- each	1,876,568		-

   (Un-audited) (Audited)

   March 31,

   2025

   June 30,

   2024

   ---------- (Rupees) ----------

   GHANDHARA NISSAN LIMITED Nil (2024: 3,000) ordinary shares of Rs. 10/- each GHAZI FABRICS INTERNATIONAL LIMITED	-		217,845
   20,000 (2024: 20,000) ordinary shares of Rs. 10/- each	239,892		239,892
   HIRA TEXTILE MILLS LIMITED 60,000 (2024: 60,000) ordinary shares of Rs. 10/- each	284,906		284,906
   IMAGE PAKISTAN LTD 6,612 (2024: 6,612) ordinary shares of Rs. 10/- each	73,259		73,259
   K-ELECTRIC LIMITED 1,120,000 (2024: 1,000,000) ordinary shares of Rs. 10/- each	4,146,511		3,594,998
   LALPIR POWER LIMITED Nil (2024: 20,000) ordinary shares of Rs. 10/- each	-		382,024
   NISHAT CHUNIAN LIMITED 7,500 (2024: 7,500) ordinary shares of Rs. 10/- each	262,434		262,434
   NISHAT CHUNIAN POWER LIMITED Nil (2024: 5000) ordinary shares of Rs. 10/- each	-		95,424
   NISHAT POWER LIMITED Nil (2024: 35,000) ordinary shares of Rs. 10/- each	-		769,922
   PAKISTAN INTERNATIONAL BULK TERMINAL 45,000 (2024: 45,000) ordinary shares of Rs. 10/- each	349,168		349,168
   PAKISTAN STOCK EXCHANGE LIMITED 2,000 (2024: 2,000) ordinary shares of Rs. 10/- each	34,502		34,502
   PAKISTAN TELECOMMUNICATION COMPANY LTD 85,000 (2024: 85,000) ordinary shares of Rs. 10/- each	798,987		798,987
   POWER CEMENT LIMITED 590,000 (2024: 464,000) ordinary shares of Rs. 10/- each	4,435,765		3,741,507
   SINDH MODARABA 20,000 (2024: 33,000) ordinary shares of Rs. 10/- each	188,954		311,774
   TARIQ GLASS INDUSTRIES LIMITED 2,000 (2024: 3,125) ordinary shares of Rs. 10/- each	195,160		304,937
   THE CRESCENT TEXTILE MILLS LIMITED 10,000 (2024: 10,000) ordinary shares of Rs. 10/- each	171,216		171,216
   WORLDCALL TELECOM LIMITED 5,100,000 (2024: 3,500,000) ordinary shares of Rs. 10/- each	9,765,164		7,662,338
   ZEPHYR TEXTILES LIMITED 6,000 (2024: 6,000) ordinary shares of Rs. 10/- each	84,369		84,369
   FAUJI FERTILIZER COMPANY LIMITED 699 (2024: Nil) ordinary shares of Rs. 10/- each	156,826		-
   PAKISTAN STATE OIL COMPANY LIMITED
   1,500 (2024: Nil) ordinary shares of Rs. 10/- each PAKISTAN PETROLEUM LIMITED	243,125		-
   5,000 (2024: Nil) ordinary shares of Rs. 10/- each YOUSAF WEAVING MILLS LIMITED	572,603		-
   10,000 (2024: Nil) ordinary shares of Rs. 10/- each KOHINOOR SPINNING MILLS LIMITED	59,338		-
   650,000 (2024: Nil) ordinary shares of Rs. 10/- each KOHINOOR INDUSTRIES LIMITED	5,964,392		-
   25,000 (2024: Nil) ordinary shares of Rs. 10/- each HUSEIN INDUSTRIES LIMITED	262,223		-
   7,547 (2024: Nil) ordinary shares of Rs. 10/- each PIA HOLDING COMPANY LIMITED	219,719		-
   10,000 (2024: Nil) ordinary shares of Rs. 10/- each	181,187		-
   	34,878,794	22,200,008
   Gain / (Loss) on revaluation of investments	442,461	(2,603,804)

   35,321,255 19,596,204

2. CONTINGENCIES AND COMMITMENTS

   1. Contingencies

      There is no significant change in the status of contingencies as disclosed in note 18.1 to the annual audited financial statements of the Company for the year ended June 30, 2024.

   2. Commitments

      There were no commitments outstanding as at March 31, 2025 (June 30, 2024: Nil).

      (Un-audited) (Un-audited)

      March 31,

      2025

      March 31,

      2024

3. OTHER INCOME ---------- (Rupees) ----------

   Dividend	106,000	562,500
   Gain on sale of short term investments	9,105,006	38,557
   Gain / (Loss) on revaluation of stocks investments	3,046,261	7,583,937
   Gain on Sale of Vehicles	-	110,889
   	12,257,267	8,295,883

4. AUTHORIZATION

   These financial statements were authorised for issue by the Board of Directors of the Company on 28th April, 2025.

5. GENERAL

Figures have been rounded off of the nearest rupee.

28 April, 2025

Ali Mubeen Hashmi

SHAREHOLDERS IMPORTANT NOTICES

1. Submission of copies of CNIC (MANDATORY):

   Pursuant to the directive of the Securities & Exchange Commission of Pakistan Circular No. EMD/D-11/Misc./2009-1342 dated April 4, 2013, CNIC numbers of shareholders are mandatorily required to be mentioned on dividend warrants. Shareholders are, therefore, requested to submit a copy of their CNIC (if not already provided) to the Company's Share Registrar, M/s. F.D. Registrar Services (Pvt.) Ltd. 1705, 17th floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000.

2. Notice for unclaimed shares / Dividends:

   Pursuant to the requirement of Sec

   on 244 of the Companies Act, 2017 (the' Act), now all companies are required to surrender physical shares/dividends which remain unclaimed or unpaid for over three years, as on May 30, 2014, to the Federal Government.
   
   

   As per Company's record, there are some outstanding / physical shares/ dividends in respect of your above-mentioned folio/account.

   You are hereby requested to immediately lodge your claim to our share Registrar: Mis F.D. Registrar Services (Pvt.) Ltd. 1705, 17th Floor, Saima Trade Tower 'A' 1.1. Chundrigar Road, Karachi or our registered office: Hafiz Limited 97, Alliance Building, 2nd Floor, Moolji Street, Mereweather Tower, Karachi, along with relevant documents in support of your claim under a duly signed le

   er (in accordance with specimen signature recorded with the Company):
   
   

   Please note that if the Company does not receive a claim from you within the aforesaid time period, then the Company shall proceed to deposit unclaimed physical shares/ dividends in its possession, with the Federal Government pursuant to the provisions of sub section (2) of section 244 of the Act.

3. E-Dividend Mandate (Mandatory)

Under the provisions of Section 242 of the Companies Act, 2017 and the Companies (Distribu

on o f Dividends) Regula ons, 2017, it is mandatory for a listed Company to pay cash dividend to its shareholders only through electronic mode directly into bank account designated by the en tled shareholders.

Shareholders who have not yet submi

ed their In terna onal Bank Account Number (IBAN) are requested to fill in Electronic Credit Mandate Form and send it duly signed along with a copy of CNIC to the Registrar of the Company M/s. F.D. Registrar Services (Pvt.) Ltd. 1705, 17" Floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000, in case of physical shares.

In case shares are held in CDC then Electronic Credit Mandate Form must be submi

ed directly to shareholders broker/par cipant/CDC account services.

HAFIZ LIMITED

97 Alliance Building, 2nd floor, Moolaji Street, Mereweather, Tower, Karachi-74000. ( Farooqi Masjid )

NOTICE OF MANDATORY PAYMENT OF DIVIDEND THROUGH ELECTRONIC MODE

Subsequent to promulgation of Companies Act, 2017, and as per section 242 of the said Act now it is mandatory for listed companies that dividend payable in cash shall only be paid through electronic mode directly into the bank account designated by the entitled shareholders.

Keeping in view the same, all cash dividend, if declared, by the Company in future will be directly transferred in bank account. In order to enable us to follow the directives of the regulators in regard to payment of divided only through electronic mode, you are requested to please provide/update your bank account detail in below mentioned format.

I hereby authorize HAFIZ LIMITED to directly credit cash dividend declared by it, if any, in the below mentioned bank account.

Bank Account Details of Transfer for Cash Dividend

*(Mandatory to provide)

1. It is stated that the above-mentionedinformation is correct, that I will intimate the changes in the above mentioned information to the above addresses as soon as these occur.

(Signature of shareholder)

KINDLY NOTE: COMPANY MAY WITHHOLD THE PAYMENT OF DIVIDEND OF A MEMBER WHERE THE MEMBER HAS NOT PROVIDED THE COMPLETE INFORMATION OR DOCUMENTS AS SPECIFIED.

The shareholder who hold shares in physical form are requested to submit the above mentioned dividend mandate km after duly filled in to Company's Share Registrar office, M/s,F.D. Registrar Services (SMC. Pvt.) Ltd 1705, 17th floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000 Shareholders who hold shares in Central Depository Company are requested to submit the above mentioned dividend mandate form after duly filled in to their participants/investor account services of the central depository company limited.

For any query, you may please contact us Tel # 02132440371 or email us at htm1951@hotmaiI.com

Mr. Umar WhatsApp No: +92 333 2557565

Note: This is a computer generated letter and does not require signature. 'Please attach attested photocopy of CNIC

**Please attach attested photocopy of the Passport

Thanking you. Ali Muhammad Usmani (Company Secretary)

HAFIZ LIMITED