HASCOL PETROL E UM LIMITED
23 June 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Dear Sirs,
Re: FINANCIAL RESULTS FOR THE QUARTER ENDED 31st MARCH 2025
We are pleased to inform you that the Board of Directors of the Company in their meeting held today at the corporate office of the Company, has approved the quarterly accounts for the quarter ended 3 I" March 2025 and recommended the following:
DIVIDEND
FINANCIAL RESULTS
The financial results of the Company for the quarter ended 31s' March 2025 are attached herew ith.
'
I-tA5COL PETROLEUM LIMITED CONDENSED INTERIM UNCO1"fSOLIDATED STATEMEM OF PINMCI L POSITION
AS AT MARCH 51, 2025
ASSETS
Non-current sasete
l'ropcrty, plant and cquipmet›t
Right-of-u se assits Intangible asset
lzu4g-term investments I3ctcrrcd taxation • n ct Lung-term dcp‹isi ts
Total non-current assets
Current aseete
Stech-in-trade
Un-audited Audited
March 31, December 3l, 20D 2024
----------Rupees in •000----------
23,98t,842
2,209,365
4,088
2,493,744
1t9,485 28,808,53
l9eposits and prepayments (?tlacr receivables
.X ccxuch mnrlt-up aind profit Shr›rt term investments I.'ash and bank balances Total entrant assets TOTAL ASSETS
EQUITY AND LIABILITIES
Share capital and cesecvcs
20,909,07]
12,546,G28 | ?0,545,?S7 | |
4,265,800 | ?,6?l,37(} | |
207,086 | ||
342,101 | 386,06S | |
3,064,05t | ||
33s | ||
100,0B7 | 1 00,097 | |
382T9t | 581.6?.t |
49,717597
33,36S,673
62,798,362
Sh.me capit.1
I{csorves
ltevnluatir›n surplus ‹›jj property, plnnt and equipment - net ref tax Total shareholders' deficit
LIABILITIESNon-current liabilities
l0cfcrrucl Ii.abilities
Total non-current liabili0efl
Current liabilioes
9,591,207 9,991,2t)7
(115,627,378) (4 15,089,976)
t6,040,011 ] 6,592,339
(89,596,tS0) (86,506, J30)
9,S76,590
G,272,3t9
3,125,052
178,8tS
Total current liabilities
TOTAL LIABILITIES
'rOTAL EQUITY AND LIADILl'fIES
Chief Eaceeudve Officer CMeCFinaocalO ee
529,737,167
55,Z56,600
356,@28
2,03G782
30,B86,544
52,725,200
8,357,021
159,313,757
49,717,597
158040,V87
14V,$04,790
6?7O8,34()HASCOL PETROLEUM LIMITED
CONDENSED INTERIM UNCONSOLIDATED PROFIT OR LOSS ACCOUW - U «Nte6 FOR THE THREE MONTHS PERIOD ENDED MARCH 3J, 2025
Three mfinths period ended
March 31, 1March 31,
2035 ?024
-- ---Rupe=ñ'Q00------
47,082,5G8 | 27,J*2,36t |
(5,022) | é,5 II) |
Not sales
€3thcr revenue
Net revenue
(Cost of proc4ucrs sold Gross profit Operating expenses
()tlat'r iJacoiaie Operating (loss)/profit I''insnce cost
taxchange (l‹›ss)/gain - net
Loss befo*e income tax and levy (final & minimum ta:x)
Loss for the period
Income to
- £?urrent l''or rhe }•car
Loss after income in
Chief Executive Offic er
Chief Financial O ffice i
47,077,546 *7,465,850
57,242 ?7,933
47,154,788 27,553 783
(46,547,344) (26,586,8-17)
587,444 878,956
(303,4G9) (* 10,3b3)
(t,4I8,32S) (T ,I G3,t)4 G)
(14,759)(?l,.11?)
(460) (5,798)
46,219 790,261
(799,871) ^7b,9 II
(1,752,637) (2,513,92t))
(350,471) 433,527
(2,103,108) (2,080,593)
(2,902,970) 1,8Ot,C5?)
(186,751) (T./7,-U'j)
(3,089,'750) (1,W9,1 07)
(3.05)
Direc I r
HASCOL PETROLEUM LIMITED
CONDENSED INTERIM UNCONSOEIDATED STATEMEM OF COMPitMDENsrvE INC OMf - U FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2025
Loss for the period
Other comprehensive income / (loss) for the petiod
TOtaI comprehensive loss for the period
(href Exeeutive Ofliccz
Three months period ended March 3t, March 51,
2025 2024
---- -----R F*°* in '000-----------(3,089,730) (1,739,1117)
(3,089,730) (1,739,1 07)
I2ASCOL PETROLEUM LIMITED
CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF CHMGES IN EQUITY
FOR THE THnEE MONTHS PER1OD ENDED MARCP£ 3{ 2025
Toiat
yynp«ya( znuay0J,2024-audited
T oml comprehensive loss for the peciod
Lens for 'the }aeriod
Other comprehensive income / (foes) for the period
Total comprehensive loss for the period
] la a r and equip re at on accou at ref incremental dcp reciation - ner of tax
(1,739,107) | (I,739,It)7) |
(1,739,107)
balance as at March 31 202A - nnaiidited | ||||||
Balance as at )anuary 0t, 2025 - audited | 9,991,207 | 4,M9,735 | (r17,729 711) | 16,592.339 | (8G,506,430) | |
Totcl comprehensive loss for the period | ||||||
1.oss for the pcrioc! | (5,089,730 | ) | (3,089,73()) | |||
O ther comprehensive income / (loss) foe the period | ||||||
Total comprehensive loss for the period | (5,089,730) | (3,089,730) | ||||
'f'ransfcr 'cd from surplus on tcvaluatiun of piopcrt), plan t anal e‹}uipia cut ‹›i account oI inc‹crr ental ‹1epreci*tion - set tiI trim | - | 552,328 | (552,32h) | |||
- | - | (2,537,402) | (552 328) | (3 089,730) | ||
balance as at March 3t 2025 unaudited | 9,991,207 | 4,639,735 | (t20,267,lu | i6,0io,oii | tss,ssr,iro) | |
HASCOL PETROLEUM LIMITED
CONDENSED INTERIM UNCONS OLIDATED STATEMEm or can mows- onaudited
FOn THE THREE MONTHS PERIOD ENDED MARCH 51, 2023
CASH FLOWS FROM OPERATING ACTIYITIES
t:t›i tribution fc› gratuity fund
March 31, March 31,
2025 2024
Note ...---------Rupees in '000------------
(1,19t,233)
(41G,C56)
(21,054)
Net cash used in operating activities
CASLf FLOWS FROM PRESSING ACTIVITIES
1' rocecds frnm disposal o I p rope rty, plant and ccjiup menI
I^ro ht / mn 'l‹ up received rin bitnk dcpr›sits i+nd '1'l ''t.
1.oiig term dcp‹nsJt repaid- net
Net cash used in inventing activities
CASH FLOWS FROM FINANCING ACTIVI3'IES
(3,628,943)
(138,063) | ||
19,7G1 | 110 | |
371 | ||
(952) |
(tt8,883)
(917.G1 0)
(96,35S) (1.39,R 1 G)
Net cash used in financing activities | (96,359) | (139,S1fi) | |||
Net decrease iii cash and each equivalents | (1,844,185) | (1,129,56I) | |||
(30,496,114) | (34,808,722) | ||||
Cash and cash equivalents at end of the period | 22 | (32,340,299) | (3S,938.38J) |
Chief Esc eutive Omc er Ghief Financial Ofreer
Dñecior
ASSETS
Non•eurrent assets 1›r‹,pcrty,plant and equi}iment Uh to I-use assets
n-audited Audited March 3t, December 31,
HASCOL PETROLEUM LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF Fiance rosizioxA5 AT MARCH SI, 2D25
2035 2024
----------Rupees I '000--------
25,485,947
2,209,564
lx› tag-tcrm invis rmcnts meter ed taxation - net mong-term deposits
Total non-current assete
10ept›sits and prcpay ments tether receivables
Total current assete TO'fAL ASSETS
EQUITY AND LIABILITIESShare •n ‹'•* and receives
469,005
ttO,485
l2,967,8gs
4,454,967
37t,034
347,547
2,994 181
339
100,097
456,296
28,287 BV
21,692,350
49,980,239
118,533
?8934,?95
3'1,??G,715
devaluation surplus on property, plan r and e. •i .•c•• - net of tsx Total shareholders' deficit
LIABILITIES
Non•currcnt liabiliciee
I eng-tcnr financing - sccured
Total non-current liabilities Current liabilities
Sl o -t-term horrowing's
(.urrcnt portion of rat n-current 1i:abilities
Total currcr+t liabilities
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES9,99t,207 9,991,207
(116,804,265) (113,260,015)
16,300,060 l6,S52,388 (89,512,998) (86, t I r,d.SU)
3, I5?,426
G,2T2,3y9
3,t25,052
2t2,0s7
9,609,828
53,587,4t6 | ||
356,928 | ||
i,832,408 30,986,546 | ||
32,723,290 | ||
8,397,021 | 7,735,750 |
t29,883,409
IJ9,493,257
48,080,259
Dir eetnr
HASCOL PETROLEUM LIMITED
CONDENSED INTERIM CONSOLIDATED PROPIT OR LOSS ACCOUNT - Dnauditctl POR THE THREE MONTHS PERIOD ENDED MARCH 31, 2025
Three months period ended
March 31, gIarch ñ1,
2025 2024
---------Rupees in '000-----------
Seles - net 5 ules tax Net eales
Cutler revenue
Net revenue
Cost of products sold Gross profit Operating expenses
Distribution and rr arkcting Admirustrative
47,514,022 | 28,tl^6,(J89 |
(68,494) | (9t1, I UG) |
(1,M5,5U | )('747,5.31) |
(349,448) | (29S,S71) |
(1,484,96d) (1,2 I.3,1tl I)
Irripairincnt losses on fuiaiacial assets
tether expenses
£1ther income
Operating (loss)/ptofit
binancc cost
Exchange loss)/gain net Share of profit on associate
(14,759)
(450)
(?1,4l2)
( 0,G77)
414,8uG
Loss before income tax and levy (final & minimum tax)
Final taxes
ñfiniinum tae differential
Loss for the period
Income tax
- C urrcnt I*or the year
Prior }'ear
Deferred
Loss after income tax
Loss per shace basic rind diluted (Ru|°ees)
Chief Pinancinl OBiccr
(2,909,797) (1,6t14,22'1)
(185,751) (157,455)
S,095548) (7 |,07)
(3,096,548) (1,741,676)
(3.t0)
HASCOL PETROLEUM LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMEM OF COMPREHENSf'L fNCOM - U a» FOR THE THREE MONTHS PERIOD ENDED MARCH 3t, 2025
Tlaree mor*the period ended March It, March 3i, 2025 2024
----------Rupees in '0Q0---------
Loss for the period
Other eomprcfieo6ive in come / (loss) for ifie pp •j d
Total comprehensive loss Joe the period
Chief Financial O$ce‹
HASCOL Pr-.TROLEUM SIM ITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CAGES INEQUI'£'Y FOR THE THREE MONTHS PERIOD ENDED MARC1-£ 39 2I12S
Balance as at January o1, 202a - «» a› a
'Total com pceb en give loan for the pc riod
Other comprehensive income / (loss) £or the period
Share
gain / (loss)
" Unapproprtatcd zen lumen
Suy Its on
reserve
revoluiition of 'I'm ml
. | . |
Tot*1 com preheneive toes Doc the period
't'r:in sfc rrcd fria m smp1o.s on re 'aJ uatir4u o I Campcrty,
(1,441,? ) (?El,) ) Q,7|/7f
balance as at Marcli 31, 2024 - untodited
D alanco ae a t Ja n uzry 01, 302S • audited
Temp mpwhe»sre1oefo €,pvHoU
Oihet com pmhenaive income / (loss) for the period
Balance we at March 3t, 202S - unaudited
9,991,207 4,é39,73S
('IN 7,8fifi,780) 16,862,3R8 (R€,416,450)
- | (2544.220) | (65&328) | (5,096,548) | ||
9,991i207 | 4,639,73S | - | (120,444,000) | t6#00,050 | (89$t2998) |
(3 096,548)
Chief Financial Officer Director
HASCOL PETROLEUM LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMElfT OF CASH FLOWS- Unaudited FOR THE THnEE MONTHS kEBI OD ENDED MARGH 31, 2025
CASH FLOWS FROM OPERATING ACTNITIHS
March 3t, March 31,
2025 2034
------- ---Rupees in '000------
(t,157,80G)
(4T6,6S6}
(37,300)
(522,51 J) (372ñ07) (t9,30 I)
Net cach need tn operating activities
Capital expenditure incurred €3pcrating I'ixed :sects 1'roceeds from disposal of property, plant aJab cqmpmeia t
L‹›i g term deposit repoid - net
Nec cach used in inventing acbvitice
CASH FLOWS FROM FINANCING ACTIVITIES
heave liability rc{Jd
Net each used in financing activities
Net decrease in cash and cash equivalents
(.ash 4J7d casla equivnlenus nt beginning c›f tlac period
Cash and cash equivalents at end of the period
Chief Executive Officer Chief Finan ai oa «
1,061 (1,610,701)
(139,850) J9,7Gl 2900
292
(S52) (1t7,849)
11()
(X@69) (1M:%)
(56,559) (00:0)
(1,824,g09) (1,11?,5*?)
( 0,442,085) (34 ,72b,336)
(32,266,994) (33,840,863)
Director
The Quarterly Report of the Company for the period ended 31"' March 2025 will be transmitted through PUCARS with In the specified time.
Director
Chief Executive Officer Chief Financial Officer Copy to: The Securities and Exchange Commission ot Pak istan, Islamabad.