Hira Textile Mills LimitedPSX: HIRAT

Financial Results for the Quarter Ended 2024-12-31

Aug 5, 2025 at 7:54 AM UTC · Issued by Hira Textile Mills Limited

‌CONDENSED INTERIM STATEMENT OF FINANCIAL POSITIOH

AS AT 31 DECEMBER 2024

h/ore

31-Dec-24

30•Jun-24

Rupees

[Un•audlted]

Rupees

[Audited]

EQUITY AND LIABILITIES

EQUITY

Authorized shara capffa/

400,000,000

Issued share capital

sgs,yz9,200

865,779,200

Loan from sponsors

1d1,5O0,OOO

481,500,000

Share premium

g2,500,000

82,500,OOD

Revaluation reserve

t,110,3OS,921

1,121,054,665

Accumulated losses

(3,230,778,965)

(3,128,250,486)

TOTAL EQUITY

(69D,693,634)

(577,416,621)

LIABILITIES

NON-CURRENT LIABILITIES

Lang term borrowings

1,589,753,3g4

1,589,753.394

Lease liabilities

1,638,198

Deferred taxation

3 2,273,8D0

342.273.800

1,93 ,ses,392

1,933,665,392

CURRENT LIABILITIES

Trade and other payables

444,020,970

447,D11,099

Short term borrowings

334,970,742

Accrued interest/profit on borrowings

797,599,784

739,931,590

Unclaimed dividend

2,757,215

2,757,216

Current maturity of nan-current liabilities

67,057,987

1,6 g,406,€9B

1,591,728.634

TOTAL LIABILITIES

3,580,072,090

3,525,39t,026

CONTINGENCIES AND COMMITMENT9

TOTAL EQUITY AND LIABILITIES

2,8B9,37B,256

2,947,977,405

Fhe annexecf nofes from 1 la GB fom en /nfegra/ part of' these condensed Interim finanlcat statements

‌CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

31-Dec-24

30-Jun-24

Rupees

{Un-audited] [Audited]

ASSETS

NON-CURRENT ASSETS

Property, plant and equipment Right-of-use assets Investment in associate

Long term deposits

CURRENT ASSETS

Trade receivables

Advances, deposits, prepayments and other receivables Advance income tax/income tax redunable

Cash and bank balances

TOTAL ASSETS

2,725,728,049	2,782,543.221
47,454,017	48,818,081
50,509,093	50,509,093

245,700

42,530,380

23,268,778

62,152

42,521,080

23,108,217 57,800

2,B23,691,1S9

65,687,097

2,B89,378,256

2,881,870,395

66,107,010

2,947,977,405

The annexed notes from 1 to GB farm an inteprat part of thesa conzfensecf tntertm f{nan/ca/ cfafements

‌CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

FOR THE SIX-MONTH PERIOD ENDED 31 DECEMBER 2024

Six-month per4od ended Three-month period ended

31-Dec-24 31-Dec-23 31-Dec-24 31-Dec-23

Rupees

}Un•audited]

Rupees [Un-eudited]

Rupees

}Un•audIted]

Rupaes [Un-audited]

Revenue from contracts with customers

10,70•4,110

52,365,B67

52,365,867

Cost of sales

(50,240,903)

(127,190,213)

(30,005,662)

(81,210,860)

Gross loss

(49,536,793)

(74,824,346)

(23,782,997)

(38,844,993)

Administrative expenses

(5,908,831)

(11,439,606)

(1,843,775)

(7,060,770)

Operating loss

(55,445,624)

(86,263,952)

(25,626,772)

(45,905,763)

Finance costs

(57,671,D28)

(57,670,527)

(28,834,097)

(28.836.430)

Loss before income taxes

(113,115,662)

(143,934,479)

(54,460,869)

(74,742,193)

Provision for income taxes

(160,561)

(73a,soo›

(1so,se1)

(733,500)

Loss after Income taxes

(113,277,213)

(144,667,979)

(54,621,130)

(75,475,693)

Basic loss per share

(1.31)

(1.67)

t0.63)

(0.87)

Fhe annexed notes from 1 Io 18 forna an Integral part of tfiese condensed Interim finanlcal statemanfe

DIRECTOR

CHIEF FINANCIAL OFFICER CHIEF EXECUTNE OFFICER

‌CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

FOR THE SIX-MONTH PERIOD ENDED 31 DECEMBER 2024

Six-month pariod ended Three-month [›eriod ended

	31-Dec-24	31-Dec-23	31-Dec-24	31-Dec-23
	Rupaas [Un-audlted]	Rupaes [Un-audited]	Rupees [Un•eudlted]	Rupees [Un-audited)
Loss aher income taxes	(113,277,213)	(144,667,979)	(s‹,621,‹30)	(75,47s,6g3)
Other comprehensive Income
Total comprehansive income	(113,277,213)	(144,667,979)	(54,621,430)	(75,475.693)

The annexed notes from 1 la 18 forfzt an /nfegra/ parf of' thase condensed Interim finanical s afomenfs

‌CONDENSED INTERIM STATEMENT OF CASH FLOWS

FOR THE SIX-MONTH PERIOD ENDED 31 DECEMBER 2024

Slx-month period ended

31-Dec-24

31-Dec-23

{Un-audited]

CASH FLOWS FROM OPERATthlG ACTIV1T1E1

Loss bgfore income taxes (113,116,652)

(143,934,479)

Adjustments for non-cash and other items 115,847,429

120,669,526

Profit/(loss) before changes in working capital 2,730,777

(23,264,953)

Changes in walking capital (2,735,128)

18.764,867

Cash used in from operations (4,352)

(4,500,086)

Payments for:

Income taxes

(1,230,691)

Net cash used in from operating activities (4,352)

(5,730,777)

CASH FLOWS FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

NET DECREASE IN CASH AHO CASH EQUVALEN7S (4,352)

(5,730.777)

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR s2,152

5,902,993

CASH AND CASH EQUIVALENTS AT END OF THE YEAR 57,800

072,2lB

The annexed nofes from I fa 18 fomt an integral part of fnese condensed Interim f/nan/ca/ sfafemenfs

‌CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY

FOR THE SIX-MONTH PERIOD ENDED 31 DECEMBER 2024

Icaued

Loan from

Ghare

premium

Accumulated

loccee

Totol

ras•rva

8e5,770, 200

g81,50D,OOO

8 ,5oo,oo0 1,133.828.2e5 1,216.128.265 2,B59,S02,2M)

(290,150,747)

(144,B67,979)

(144,667,97B)

Other transactions

Incremental oeprecia6on

fJ2,571,630)

f1z,s71,sso›

Transaction vdth ownem

Baanee e*3]fMoember2023-IUnaud#sdl

Balance as at 0 Oonuary 20f3 • {Un•o udttndj Comprufianzlvt incomuftlou»)

-(]58,5B1,9O5)

Other trenxactione

885 778 200

OBS,779.200

481 500 000

82 500 000 1 121 054 085 1,205,554 085 {2,001,65'8,58J)

82,500,000 1,121, 054,085 1,203, 554, 605 {3,991,650.561}

{%0,8S4,M6)

(440,824,718j

lncemenlal depreciation

(11.914,408)

(11,914,408)

Transaction etith owners

ealcnce ae at 30 June 2024 - IAudIte‹fj

88S,778,200

481500 000

82 500 000

1 121 054 855

1 203 5S4 685

j3 128 250 488)

(S77 416 621)

Balance as at 01 July 2OZd

885,770,200

481,500,000

82,500,000

1,121,054,085

1,203,554.085

(3,128,250,488)

Losa after ›ncome iaxes Other compreheneive income

(113,277.213)

- - - (J13,2I7.2J5)

{J1S,277.213)

{1JS,27T,1J3)

Incremental depreoction

Balance as at at oac•mbar 2o2J - ftJn-audltedj

86S,778,200

481,500 000

82 500 000

1 110 305 621

1 102 805 821

{2 230 778 955)

f890 6B3 B34}

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