July 24, 2025
The General Manager
Pakistan Stock Exchange Limited, Stock Exchange Building
Stock Exchange Road
Subject: Financial Results for the Quarter Ended June 30, 2025 Dear Sir,
We wish to inform you that the Board of Directors of the Company in their meeting held on July 24, 2025 at 11:00 a.m. at the registered office of the Company situated at D-2, SITE, Manghopir Road, Karach i, has approved the un-audited financial statements of the Company for the quarter ended June 30, 2025 and recommended the following:
Cash Dividend
Bonus / Right Shares
The un-audited financial statements of the Company for the quarter ended June 30, 2025 are appended here as Annexures A - D.
The Quarterly Report of the Company for the quarter ended June 30, 2025 will be transmitted through PUCARS separately, within the specified time.
For Hinopak Motors Limited
MUHAMMAD ZAHID HASAN COMPANY SECRETARY
Hinopak Motors Limited
Head Office: D-2, S.I.T.E., Manghopir Road, P.O. Box No. 10714, Karachi-75700. Tel: 32563510 (9 Lines) 32563525(3 Lines UAN : 111-25-25-25, Fax: 3256•d028 E•MaiI: info@hinopak.com Web site: https://www.hinot›ak.com
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME FOR THE QUARTER ENDED JUNE 30, 2025 - (UNAUDITED
Note
June 30,
2025
(Rupees '000)
June 30,
2024
RevetJrie from contracts with cus1omers | 14 | 3,961.557 | 1,916,517 | |
Cost of sales | (3,115,994/ | (1,G93,789J | ||
Gross profit | 845,563 | 224,728 | ||
Distribution cost | (113,909) | (g2,949) | ||
Administration expenses | (117,297) | (112,360) | ||
Other income | 15 | 30,637 | 27,037 | |
Other expenses | 16 | (34,228) | ||
Reversal of impairment on trade receivables and deposits | 2,670 | |||
Profit fiom operations | 613,436 | 47.3o6 | ||
Finance cost | 17 | (146,716) | (142,894) | |
Profit / (loss) before income tax and levies | 466,720 | (95,5381 | ||
Levy - nlinimurrJ tax | 1e | 53 039 | (23,911 | |
Profit / (loss) before ii com+ tax | 413.681 | (119.449) | ||
Income tax | 19 | 3,136 | (239J | |
Profit / (loss) after income tax | 416,817 | (119.688) | ||
Other comprehensive income for the period: | ||||
Items that will not be reclassified subsequently to Profit or Loss | ||||
Total comprehensive income / (loss) for the period | 416,817 | (119,688) | ||
Earnings / (loss) per share - basic and diluted | 20 | Rs. 16.81 | Rs. (4.83) |
The annexed notes 1 to 24 form an integral part of these condensed if terim financial statements.
MUHAMMAB ZAfllD HASAN
Company Secretary
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
ASSETS
Non-current assets
(Unauditecl) tAudited
June 30, March 31
Note 2025 2025
tRupees '000)
Property, plant and equipment | 5 | 3,681,513 | 3.737.734 | ||||||||
Intangible assets | 6 | 8,900 | 10,787 | ||||||||
LoiJq-term investments Lonq-term loans | 7 | 42,839 | 45,744 | ||||||||
Long-term deposits | 7,536 | 7,53S | |||||||||
Employee benefit prepayments | 9,648 | 8,288 | |||||||||
Current assets | 3,750,436 | 3,810,089 | |||||||||
Inventories | 5,818,374 ,! | 4,688,535 | |||||||||
Trade receivables | 8 | 449,03 | 224,233 | ||||||||
Loans and advances | 35,242 ' | 26,697 | |||||||||
Trade deposits and prepayments | 9 | 97,567 /' | 30,985 | ||||||||
Refunds due from the government - sales tax | 445,393 i | 250,191 | |||||||||
Other receivables | 18,062 | 114,226 | |||||||||
Taxation - payments less provision | 1,340,035 t | 1,257,073 | |||||||||
Gash and bank balances | 10 | 13,543, | 167,064 | ||||||||
8,217,248 | 6,759,004 | ||||||||||
TOTAL ASSETS | 11,967,684 | 10,569,093 | |||||||||
EQUITY AND LIABILITIES | |||||||||||
Share capital and reserve | |||||||||||
Issued, subscribed and paid-up capital Capital Reserve | 11 | 248,011 | 248,011 | ||||||||
Revaluation surplus on land and buildings | 2,319,792 | 2,351,916 | |||||||||
Share premium Revenue Reserve | 2,771,525 | 2,771, 525 | |||||||||
General reserve | 291,000 | 291,000 | |||||||||
Accumulated profit / (loss) | 239,832 | (209,109 | |||||||||
TOTAL SHAREHOLDER'S EQUITY | 5,870,160 | 5,453,343 | |||||||||
LIABILITIES | |||||||||||
Non-current liabilities | |||||||||||
Deferred taxation | 139,087 | 154,823 | |||||||||
Employee benefit obligations | , | 141,102 | 132.615 | ||||||||
287,442 | |||||||||||
Current liabilities | |||||||||||
Trade and other payables | 12 | 2,903,147 | 3,891,664 | ||||||||
Short-term borrowings - secured | 1,881,320 | 591,823 | |||||||||
Advances from customers | 1,019,992 | 331,945 | |||||||||
UnclainJed dividend | 12,876 | 12,876 | |||||||||
5,817,335 | 4,828,508 | ||||||||||
TOTAL LIABILITIES | 6,097,524 | 5,115,750 | |||||||||
Contingency and commitments | 13 | ||||||||||
TOTAL EQUITY AND LIABILITIES | 11,967,684 | 10,569,093 | |||||||||
The annexed notes 1 to 24 form an integral part of these condensed interim financial statements
MUHAMMAD ZAHID HASAN
Company Secretary
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED JUNE 30, 2025 - (UNAUDITED)
Issued, subscribed and paid-up capital
Capital Reserve Revenge Reserve Revaluation Share General Accumulated
Sc rplus Premium Reserve profit / (loss)
-- tRupees '000)
Total
f3alance as at ADril 1. 2024
Transferred fi om s‹ rpl‹Js on revaI‹Jation of land and building on account of
incremental depreciation - net of deferred tax
Total comprehensive loss for the ouarter ended J«ne 30. 2024
- Loss for quarter ended
248.011
2,39i,541 2,771,525
(2G,729)
291,0()()
(414,372)
26,7295.2J5.705
June 30 . 2024 | (119,688J | (119,688) | ||||||||||
Balance as at June 30, 2024 | 248,011 | 2,372,812 | 2,771,525 | 291,000 | (507,331 ) | 5,176.017 | ||||||
Balance as at April 1. 2025 | 248,011 | 2,351,916 | 2,771,525 | 291,000 | (209,109) | |||||||
Transferred from surplus on revaluation of land and building on accoint of | ||||||||||||
incremental depreciation - net of deferred tax | (32,124) | 32,124 |
Total comprehensive income for tf›e Quarter ei1ded June 30, 2025
- Profit for the quarter ended
June 30, 2025
416,817
416,817
Balance as at June 30, 2025
248,011
2,319,792 2,771,525
291.000
239,832
5,870.160
The annexed notes 1 to 24 form an integral part of these condensed interim financial statements.
MUHAMMAD ZAHID HASAN
Company Secretary
CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE QUARTER ENDED JUNE 30, 2025 - (UNAUDITED)
Note | June 30, 2025 | June 30, 2024 | |
tRupees '000) | |||
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Cash (used in) / generated from operations | 21 | (1,242,407) | 76b.735 |
Return on savings accounts and deposits | 3,410 | ||
Income tax and levies paid | (148,601) | (45.528) | |
Mark-up paid on short-term borrowings | (30,116) | (130,258) | |
Employee benefits paid | (24,305) | (14.610) | |
Decrease in long-term deposits | 21 | ||
Decrease / (increase) in long-term loans and advances | 2,905 | (5,581) | |
Net cash (used in) / generated from operating activities | (1,439,114) | 570,779 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchases of property, plant and equipment | (7,710) | (9,177) | |
Proceeds from sale of property, plant and equipment | 3,806 | 11,832 | |
Net cash (used in) / generated from investing activities | (3,904) | 2,C55 | |
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash generated from financing activities | |||
Net (decrease) / increase in cash and cash equivalents | (1,443,018) | 573.434 | |
Cash and cash equivalents at beginning of the period | (424,759) | (2,119,559) | |
Cash and cash equivalents at end of the period | 1,546 125 | ||
The annexed notes 1 to 24 form an integral part of these condensed interim financial statements.
MUHAMMAD ZAHID HASAN
Company Secretary