Haleon Pakistan LimitedPSX: HALEON

Financial Results for the Year Ended 31 December 2025

Mar 3, 2026 at 3:05 AM UTC · Issued by Haleon Pakistan Limited

3 March 2026

The General Manager

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

Subject: Financial Results for the Year Ended 31 December 2025

Haleon Pakistan Limited

Dear Sir / Madam,

Further to our meeting in progress letter dated 2 March 2026, this is to inform you that the Board of Directors of Haleon Pakistan Limited in their meeting held on Monday, 2 March 2026, at 2:00 p.m. (Pakistan Standard Time) at 11-A, 11th Floor, Sky Tower (East Wing), Dolmen City, HC-3, Block 4, Scheme-5, Clifton, Karachi, 75600 and via weblink, recommended the following:

FINAL CASH DIVIDEND Rs. 15.00 per share (150%)*
BONUS SHARES NIL
RIGHT SHARES NIL
ANY OTHER ENTITLEMENT / CORPORATE ACTION NIL
ANY OTHER PRICE SENSITIVE INFORMATION NIL

*This is in addition to the interim cash dividend paid in Q2-2025 (Rs. 10.00 per share or 100%) and the interim cash dividend paid in Q3-2025 (Rs. 5.00 per share or 50%).

Note:

The 11th Annual General Meeting of the Company will be held at 10:00 am on Tuesday, 28 April 2026.
The above recommended entitlement will be paid to those shareholders whose names appear in the Register of Members of the Company as at the close of business on 21 April 2026.
The Share Transfer Books of the Company will be closed from 22 April 2026 to 28 April 2026 (both days inclusive). Transfer requests received at the office of the Share Registrar of the Company at CDC Share Registrar Services Limited, at the close of the business on 21 April 2026 will be treated in time for the purpose of the above entitlement to the transferees.
The Annual Report of the Company for the year ended 31 December 2025 will be transmitted through PUCARS at least twenty-one (21) days before the holding of the Annual General Meeting.

In compliance with the PSX Notice number PSX/N-062 dated 10 January 2025, please find enclosed the following:
1. Statement of Financial Position,
2. Statement of Profit or Loss and Other Comprehensive Income,
3. Statement of Changes in Equity, and
4. Statement of Cash Flows.

Yours sincerely,

For and on behalf of Haleon Pakistan Limited

Ms. Mashal Mohammad Barrister-at-Law Company Secretary

Enclosed: As above

CC: Head of Operation, Central Depository Company of Pakistan Limited,

99-B, Block - B, S.M.C.H.S.,

Main Shahrah-e-Faisal, Karachi.

Executive Director / HOD,

Offsite-II Department, Supervision Division, Securities and Exchange Commission of Pakistan, NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad.

Statement of Financial Position

As at December 31, 2025

2025 2024

------------ Rupees in '000 ------------

ASSETS
Non-current assets
Property, plant and equipment	9,110,570	7,825,569
Intangible asset	127,674	127,674
Long-term loans to employees	4,750	6,427
Long-term deposits	54,351	49,881
	9,297,345	8,009,551
Current assets
Stores and spares	127,590	131,762
Stock-in-trade	7,697,718	5,042,462
Trade debts	1,086,540	1,042,507
Loans and advances	224,959	165,872
Trade deposits and prepayments	128,228	110,790
Interest accrued	22,301	13,430
Refunds due from Government - Sales Tax	78,158	128,889
Other receivables	422,789	299,995
Taxation - payments less provision	441,178	75,305
Investment at amortised cost	3,328,102	727,168
Bank balances	4,305,967	6,052,832
	17,863,530	13,791,012
Total assets	27,160,875	21,800,563
EQUITY AND LIABILITIES
Equity
Share capital	1,170,545	1,170,545
Reserves
Capital reserves	830,640	830,640
Revenue reserves	12,795,858	9,986,984
Total equity	14,797,043	11,988,169
Liabilities
Non-current liabilities
Employee benefit obligations	285,066	193,341
Deferred taxation	488,915	453,544
Lease liabilities	200,781	204,397
	974,762	851,282
Current liabilities
Current portion of lease liabilities	49,518	44,890
Trade and other payables	11,302,680	8,900,287
Unclaimed dividend	36,872	15,935
	11,389,070	8,961,112
Total liabilities	12,363,832	9,812,394
Total equity and liabilities	27,160,875	21,800,563

Statement of Profit or Loss and Other Comprehensive Income

For the year ended December 31, 2025

2025 2024 --------------- Rupees in '000 ---------------

Revenue from contracts with customers - net	43,106,420	37,205,893
Cost of sales	(26,254,090)	(24,387,366)
Gross profit	16,852,330	12,818,527
Selling, marketing and distribution expenses	(5,176,530)	(4,740,983)
Administrative expenses	(864,505)	(796,298)
Allowance for impairment of trade debts	(7,092)	-
Other expenses	(907,788)	(643,497)
Other income	785,567	1,076,235
Operating profit	10,681,982	7,713,984
Financial charges	(22,391)	(75,222)
Profit before levies and income taxes	10,659,591	7,638,762
Levies	(33,111)	(7,826)
Profit before income taxes	10,626,480	7,630,936
Taxation - net	(4,253,329)	(3,052,689)
Profit after tax	6,373,151	4,578,247
Other comprehensive income
Items that will not be reclassified subsequently to statement of profit or loss:
Remeasurement of employee benefit obligations	(65,392)	(34,250)
Impact of taxation	12,751	6,679
Total other comprehensive loss	(52,641)	(27,571)
Total comprehensive income	6,320,510	4,550,676

------------------ Rupees ------------------

Earnings per share - basic and diluted 54.45 39.11

Share capital Capital reserves Reserves Revenue Subtotal Total

reserve

Reserve arising under the Scheme of Arrangeme nt Reserve arising on amalgamati on under the Scheme of Unappropria ted profit --------------------------------------------- Rupees in '000 ---------------------------------------------

Balance as at January 01, 2024 1,170,545 101,914 728,726 6,021,581 6,852,221 8,022,766

Transactions with owners recorded directly in equity - distribution

Interim dividend for the nine months ended September 30, 2024 @ Rs. 5 per share	-	-	-	(585,273)	(585,273)	(585,273)
Total comprehensive income
Profit for the year	-	-	-	4,578,247	4,578,247	4,578,247
Other comprehensive loss	-	-	-	(27,571)	(27,571)	(27,571)
	-	-	-	4,550,676	4,550,676	4,550,676
Balance as at December 31, 2024	1,170,545	101,914	728,726	9,986,984	10,817,624	11,988,169
Transactions with owners recorded directly in equity - distribution

Final cash dividend for the year ended December 31, 2024 @ Rs. 15 per share	-	-	-	(1,755,818)	(1,755,818)	(1,755,818)
Interim cash dividend for the six months ended June 30, 2025 @ Rs. 10 per share	-	-	-	(1,170,545)	(1,170,545)	(1,170,545)
Interim cash dividend for the nine months ended September 30, 2025 @ Rs. 5 per share	-	-	-	(585,273)	(585,273)	(585,273)
Total comprehensive income
Profit for the year	-	-	-	6,373,151	6,373,151	6,373,151
Other comprehensive loss	-	-	-	(52,641)	(52,641)	(52,641)
	-	-	-	6,320,510	6,320,510	6,320,510
Balance as at December 31, 2025	1,170,545	101,914	728,726	12,795,858	13,626,498	14,797,043

Haleon Pakistan Limited

Statement of Cash Flows

For the year ended December 31, 2025

2025 2024

------------ Rupees in '000 ------------

CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations	10,359,909	8,517,127
Staff retirement benefits paid	(167,634)	(122,758)
Income taxes paid	(4,604,191)	(1,742,794)
Increase in long-term deposits	(4,470)	(15,521)
Net cash generated from operating activities	5,583,614	6,636,054
CASH FLOWS FROM INVESTING ACTIVITIES
Payment for acquisition of property, plant and equipment	(2,008,906)	(3,185,805)
Proceeds from disposal of operating assets	106,837	152,367
Purchase of treasury bills	(475,465)	-
Decrease in long-term loans to employees	1,677	2,690
Interest received	710,024	1,026,038
Net cash used in investing activities	(1,665,833)	(2,004,710)
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid	(3,490,699)	(2,088,525)
Lease rental paid	(48,478)	(44,664)
Net cash used in financing activities	(3,539,177)	(2,133,189)
Net increase in cash and cash equivalents	378,604	2,498,155
Cash and cash equivalents at beginning of the year	6,780,000	4,281,845
Cash and cash equivalents at end of the year	7,158,604	6,780,000

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