https://www.halaenterprises.com https://www.terrytowels.org
1ST QUARTERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 20251st Quarterly Report
Halo Enterprises Limited
CONTENTSCompany Information 2
Director's Review Report 3
Condensed Interim Statement of Financial Position Condensed Interim Statement of Profit or Loss Condensed Interim Statement of Comprehensive Income Condensed Interim Stotemenf of Cosh Flows Condensed Interim Statement of Changes in Equity
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1st Quarterly Report
Halo Enterprises Limited
COMPANY INFORMATIONHUMAN RESOURCE & REMUNERATION COMMITTEE
H a l f Y e a r l y R e p o r t
J.S Bank Limited Foysol Bank Limited Askori Bank Limited MCB Bank Limited
Factory Premises, 17.5 KM Sheikhupuro Rood,
Lahore Tel: 042-37970130, 37970230
Fox: 042-37970681
Email.
Website:
M/'s Corplink (Private) Limited
Wings Arcade, 1-K, Commercial Model Town, Lahore
Tel: 042-35916714, 35916719 Fox: 042-35869037
Email. corpIink786@yohoo.com
DIRECTORS' REVIEW REPORT
The Directors of the company hereby present the Directors Review Report on the operations of the company for the quarter ended September 30, 2025.
The performance improved remarkably as compared to the corresponding period last year. A war footing sales strategy was implemented, shifting the focus from commodity business to value-added and technically advanced product lines. This strategic pivot was aimed at generating higher margins to better absorb rising production costs. The sales increased from Rs. 88 million to 169 million, Gross profit increased from 17 million to 31 million and net loss of Rs.11 million for the same period last year converted to net Profit of Rs.3 million.
As per the ongoing policy to enhance the production capacity, the Company have established Lc for import of Air Jet looms from China for its weaving section for USD 217,600 through director's loan. These looms are scheduled to be operational before the end of the calendar year. The addition of this machinery will strengthen our production efficiency, product quality, and export competitiveness, reinforcing our position in key international markets
The Board extends its sincere appreciation to our valued customers, suppliers, bankers, and employees for their unwavering commitment and trust in the Company. Their support has been instrumental in achieving yet another year of progress and stability. We remain confident that, with continued collaboration and strategic focus, the Company will further strengthen its operational base and deliver sustainable value to all stakeholders in the years ahead.
(TAHIR JAHANGIR) (JILLANI JAHANGIR)
CHAIRMAN
Dated: October 30, 2025
CHIEF EXECUTIVE OFFICER
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025 (UN-AUDITED)
Sep 2025 Un-Audited | Jun 2025 Audited | |
CAPITAL AND LIABILITIES | Rupees | Rupees |
Share capital and reserves | ||
Authorized capital | ||
16,000,000 ordinary shares of Rs. 10 each | 160,000,000 | 160,000,000 |
Issued, subscribed and paid up capital | 129,963,040 | 129,963,040 |
Capital reserve |
206,225,488 | 207,738,432 |
14,916,265 | 15,282,971 |
2,274,287 | 2,274,287 |
Surplus on revaluation of Property, Plant & equipment Fair value reserve of financial assets at FVOC
Other capital reserve
Revenue reserve | 223,416,040 | 225,295,690 |
Other revenue reserve | 7,000,000 | 7,000,000 |
Accumulated loss | (58,391,346) | (63,076,981) |
(51,391,346) | (56,076,981) | |
Loan from Director | 188,000,000 | 120,000,000 |
Total Share Capotal And Reserves | 489,987,734 | 419,181,749 |
Non Current Liabilities | ||
Deferred liability | 41,020,297 | 41,715,471 |
Long term borrowing | - | - |
Total Non Current Liabilities | 41,020,297 | 41,715,471 |
Current Liabilities | ||
Trade and other payables | 30,097,697 | 37,867,707 |
Accrued mark up | 916,653 | 1,082,044 |
Short term borrowings | 174,542,066 | 179,882,000 |
Current portion of long term financing | 750,000 | 1,308,500 |
Due to related parties | 19,693,740 | 10,918,247 |
Provision for taxation | - | - |
Total Current Liabilities | 226,000,156 | 231,058,498 |
Contingencies and Commitments |
757,008,187 691,955,718
NOTES TO THE ACCOUNTS
These accounts are un-audited and are being submitted to the share holders in accordance with the requirements of the companies Act, 2017.
Accounts policies adopted for the preparation of these accounted are the same as those applied in the preparation of the preceding annual accounts of the company
Amounts set aside in these accounts for taxation are provisional. Final liability will be determined on the basis of annual results.
Cash flow statement, comprehensive income statement and statement of changes in equity has been disclosed as per requirements of the IAS No 34
where necessary, previous figures have been re-arranged for the purpose of fair comparison.
LAHORE: October 30, 2025
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025 (UN-AUDITED)
Sep 2025 Un-Audited | Jun 2025 Audited | |
ASSETS | Rupees | Rupees |
Non Current Assets | ||
Property, Plant and equipment | 312,365,891 | 299,437,896 |
Long term Investments | 16,099,899 | 16,466,605 |
Long term deposits | 6,569,548 | 6,569,548 |
Total Non- Current Assets | 335,035,338 | 322,474,049 |
Current assets | ||
Stores and spares | 5,616,329 | 3,010,336 |
Stock in trade | 119,637,032 | 116,480,916 |
Trade debtors | 65,213,704 | 112,525,059 |
Advances, deposits, prepayments and | ||
other receivables | 88,333,396 | 69,725,485 |
Tax refund due from Governement | 58,497,502 | 64,648,941 |
Cash and bank balances | 84,674,886 | 3,090,932 |
Total Current Assets | 421,972,849 | 369,481,669 |
757,008,187 691,955,718
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
DIRECTOR
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE QUARTER ENDED SEPTEMBER 30,2025
Quarter Ended | Quarter Ended | ||
Sep 30,2025 | Sep 30,2024 | ||
(Un-audited) | (Un-audited) | ||
Rupees | Rupees | ||
Revenue | 169,231,057 | 87,700,464 | |
Cost of revenue | (138,282,785) | (70,490,254) | |
Gross profit | 30,948,272 | 17,210,210 | |
OPERATING EXPENSES | |||
Selling and distribution Costs | (9,417,226) | (12,546,753) | |
Administrative expenses | (7,581,173) | (6,078,113) | |
Other operating expenses | (626,163) | (75,000) | |
(17,624,562) | (18,699,866) | ||
Operating Profit / (Loss) | 13,323,710 | (1,489,656) | |
Finance Cost | (8,052,003) | (9,524,750) | |
Other income | - | 1,041,760 | |
Profit / (Loss) before taxatiobn and levies | 5,271,707 | (9,972,646) | |
Levies | (2,099,016) | (855,070) | |
Profit / (Loss) before taxation | 3,172,691 | (10,827,716) | |
Taxation | - | - | |
Net profit/ (Loss) for the period | 3,172,691 | (10,827,716) | |
Earning / (Loss) per share-Basic & Dilutive | 0.24 | (0.83) |
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
DIRECTOR
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE QUARTER ENDED SEPTEMBER 30, 2025 (UN AUDITED)
Quarter ended | Quarter ended | |
Sep. 2025 | Sep. 2024 | |
Rupees | Rupees | |
Net Profit for the period | 3,172,692 | (10,827,716) |
Other comprehensive income | ||
Items that will not be reclassified to profit or loss | ||
Unrecognised acturial gain due to experience adjustment on remeasurement of staff retirement benefits | - | - |
Items that may be reclassified subsequently to profit or loss | ||
Deficit on remeasurement of investment available for sale | (366,706) | (630,136) |
Other comprehensive (Loss) / income | (366,706) | (630,136) |
Total comprehensive income / (Loss) for the period | 2,805,986 | (11,457,852) |
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
DIRECTOR
CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE QUARTER ENDED SEPTEMBER 30, 2025 (UN-AUDITED)
QUARTER ENDED QUARTER ENDED SEP 30, 2025 SEP 30, 2024 (UN-AUDITED) (UN-AUDITED)
CASH FLOW FROM OPERATING ACTIVITIES | Rupees | Rupees | |
Loss before taxation Adjustments for : | 5,271,707 | (9,972,646) | |
Depreciation | 3,882,017 | 3,047,116 | |
Financial charges | 8,052,003 | 9,524,751 | |
Gratuity | 1,370,736 | 1,230,463 | |
Gain on disposal of property,plant and equipment | - | - | |
13,304,756 | 13,802,330 | ||
Operating profit before working capital changes | 18,576,463 | 3,829,684 | |
(Increase) / decrease in current assets | |||
Stores and spares | (2,605,993) | (1,042,735) | |
Stock in trade | (3,156,116) | (1,391,597) | |
Trade debtors | 47,311,355 | 8,579,994 | |
Advances, deposits, prepayments and other receivables | (18,607,909) | (5,904,157) | |
Sales tax refundable | 6,419,274 | 5,435,117 | |
Due from associated undertakings | - | (145,947) | |
(Decrease)/ increase in current liabilities | |||
Due to directors and associated undertakings | 8,775,493 | 8,438,666 | |
Creditors, accrued and other liabilities | (8,037,847) | (1,637,368) | |
30,098,257 | 12,331,973 | ||
Cash generated from operations | 48,674,720 | 16,161,657 | |
Financial charges paid | (8,217,395) | (11,202,646) | |
Income tax paid | (2,099,015) | (855,071) | |
Gratuity paid | (2,065,910) | (960,800) | |
Net cash (used in) / from operating activities | 36,292,400 | 3,143,140 | |
CASH FLOW FROM INVESTING ACTIVITIES | |||
Capital expenditure | (16,810,012) | (396,999) | |
Long term deposits | - | - | |
Net cash (used in) investing activities | (16,810,012) | (396,999) | |
CASH FLOW FROM FINANCING ACTIVITIES | |||
Long term loans | - | (558,500) | |
Current portion of long term loans | (558,500) | (183,500) | |
Proceeds from director loan | 68,000,000 | - | |
Short term finances | (5,339,934) | 2,231,853 | |
Net cash from / (used in) financing activities | 62,101,566 | 1,489,853 | |
Net increase in cash and cash equivalents | 81,583,954 | 4,235,994 | |
Cash and cash equivalents at the beginning of year | 3,090,932 | 3,954,719 | |
Cash and cash equivalents at the end of the period | 84,674,886 | 8,190,713 |
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
DIRECTOR
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE QUARTER ENDED SEPTEMBER 30, 2025 (UN-AUDITED)
Particulars | Share Capital | Capital Reserves | Revenue Reserves | Total Share Capital and Reserve | ||||||
surplus on revaluation of Property plant and equipment | Fair value Reserve of Financial Assets at FVOCI | Other Capital Reserve | Total Capital Reserve | Loan from Director | Other Revenue Reserve | Accumulated Loss | Total Revenue Reserve | |||
Balance as at Jul 01, 2024 | 129,963,040 | 214,382,376 7,079,978 2,274,287 | 223,736,641 | - | 7,000,000 | (76,546,633) | (69,546,633) | 284,153,048 |
Net Profit for the period ended Sep 30, 2024 | - | - - - | - | - | - | (10,827,716) | (10,827,716) | (10,827,716) |
Other comprehensive incone for the period | - | - (630,136) - | (630,136) | - | - | - | - | (630,136) |
Transfer from surplus on revaluation of property, plant and equipment in respect of incremental depreciation charged in current period | - | (1,660,986) - - | (1,660,986) | - | - | 1,660,986 | 1,660,986 | - |
Surplus realized on disposal | - | - - - | - | - | - | - | - | - |
Balance as at Sep 30, 2024 | 129,963,040 | 212,721,390 6,449,842 2,274,287 | 221,445,519 | - | 7,000,000 | (85,713,363) | (78,713,363) | 272,695,196 |
Balance as at Jul 01, 2025 | 129,963,040 | 207,738,432 15,282,971 2,274,287 | 225,295,690 | 120,000,000 | 7,000,000 | (63,076,981) | (56,076,981) | 419,181,749 |
Net Profit for the period ended Sep 30, 2025 | - | - - - | - | - | - | 3,172,691 | 3,172,691 | 3,172,691 |
Other comprehensive incone for the period | - | - (366,706) - | (366,706) | - | - | - | - | (366,706) |
Transfer from surplus on revaluation of property, plant and equipment in respect of incremental depreciation charged in current period | - | (1,512,944) - - | (1,512,944) | - | - | 1,512,944 | 1,512,944 | - |
Loan from Dorector | - | - - - | - | 68,000,000 | - | - | - | 68,000,000 |
Balance as at Sep 30, 2025 | 129,963,040 | 206,225,488 14,916,265 2,274,287 | 223,416,040 | 188,000,000 | 7,000,000 | (58,391,346) | (51,391,346) | 489,987,734 |
CHIEF EXECUTIVE OFFICER
CHIEF FINANCIAL OFFICER
DIRECTOR
W Halo
Enterprises Limited
J7.5 km Sheikhupura Road, Lahore - PK Tel: + 92 (42) 3797 0130, 3797 0230
Fax: + 92 (42) 3797 0681
E-mail: corporate@halaenterprises.com https://www.halaenterprises.com https://www.terrytowels.org
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