Financial result for the Quarter Ended 31-03-2025

Property and equipment

128,083,668

123,001,088

Right-of-use assets

69,273,165

67,043,100

Intangible assets

7,084,752

7,246,677

Long term investments

30,127,296

30,127,296

Long term loans and deposits

8,543,405

13,955,005

CURRENT ASSETS

243,112,286

241,373,166

Short term Investment

296,981,143

280,373,189

Trade debts

1,223,064,426

735,039,582

Receivable against margin financing

766,161,821

640,570,348

Advances, deposits, prepayments and other receivables

1,159,492,241

1,833,114,089

Cash and bank balances

297,392,248

244,150,136

3,743,091,879

3,733,247,344

3,986,204,165

3,974,620,510

CAPITAL AND LIABILITIES

Authorized Share Capital 200 million (2024:200 million)

2,000,000,000

2,000,000,000

Ordinary Shares of Rs 10 each

Issued, subscribed and paid-up capital

1,287,510,240

1,287,510,240

Captial reserves

Discount on issue of shares

(622,379,278)

(622,379,278)

Revenue reserve Unappropriated Profit

1,025,023,913

943,684,154

1,690,154,875

1,608,815,116

NON CURRENT LIABILITIES

Lease liability

39,682,129

34,022,474

Deferred taxation

20,621,863

19,490,705

CURRENT LIABILITIES

60,303,992

53,513,179

Short term borrowings - secured

880,622,088

536,612,686

Trade and other payables

1,238,535,047

1,684,289,982

Taxation - net

73,044,633

43,237,969

Unclaimed dividend

11,015,871

11,019,239

Accrued markup on short term borrowings

17,434,276

17,165,702

Current portion of lease liability

15,093,383

19,966,637

2,235,745,298

2,312,292,215

Contingencies and commitment

-

-

3,986,204,165

3,974,620,510

Operating Revenue

346,906,244

159,995,013

Capital gain on investment - net

62,942

68,252,046

(Loss) on revaluation of investments

(7,811,136)

(15,351,617)

339,158,050

212,895,442

Operating Expenses

Administrative Expenses

(225,773,584)

(140,728,941)

Finance Cost

(19,202,627)

(28,930,731)

(244,976,212)

(169,659,672)

Other Income

25,621,498

8,744,030

Profit before Taxation

119,803,337

51,979,800

Taxation

(38,463,578)

(9,919,821)

Profit after Taxation

81,339,759

42,059,979

Earning per share - basic and diluted

0.63

0.39

Profit after Taxation

81,339,759

42,059,979

Other comprehensive income

-

-

Total comprehensive income for the year

81,339,759

42,059,979

Profit before taxation

119,803,337

51,979,800

Adjustments for:

- Depreciation on property and equipment

7,822,033

1,764,368

- Amortization of intangible assets

161,925

-

- Net change in unrealized loss on investments

7,811,136

15,351,617

- Net (purchase) / sale of investments

6,433,376

(90,618,800)

- Capital (gain) on investments

(62,942)

(68,252,040)

- Loss on disposal of property and equipment

(69,837)

(17,520)

- Property and equipment written off

-

95,511

- Finance costs

19,202,627

28,930,731

41,298,318

(112,746,133)

161,101,655

(60,766,333)

Changes in working capital items

(lncrease) / decrease in current assets

- Short term investments

(24,356,148)

55,618,139

- Trade debts

(488,024,844)

(229,160,510)

- Receivables against margin financing

(125,591,473)

142,053,432

- Advances, deposits, prepayments and other receivables

673,621,848

201,601,187

lncrease / (decrease) in current liabilities

- Trade and other payables

(445,754,935)

84,805,104

Net cash (used in) / generated from operations

(249,003,897)

194,151,019

Finance cost paid

(17,817,206)

(23,437,105)

Income tax paid

(8,656,914)

(16,165,221)

Net cash (used in) / generated from operating activities

(275,478,017)

154,548,693

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property and equipments

(9,593,000)

(50,000)

Purchase of right-of-use assets

(5,582,841)

-

Purchase of intangible assets

-

(2,500,000)

Proceeds from disposal of fixed assets

-

1,673,508

Long term deposit refunded

5,411,600

-

Net cash (used in) investing activities

(9,764,241)

(876,492)

CASH FLOWS FROM FINANCING ACTIVITIES

Long term finance

-

1,773,462

Repayment of lease liability

(5,525,032)

(2,844,862)

Net cash (used in) financing activities

(5,525,032)

(1,071,400)

Net (decrease) / increase in cash and cash equivalents

(290,767,290)

152,600,801

Cash and cash equivalents at the beginning of the period

(292,462,550)

(208,321,706)

Cash and cash equivalents at the end of the period

(583,229,840)

(55,720,905)

Rupees

Balance as at December 31, 2023 (as perviously reported)

503,404,510

461,432,866

964,837,376

Effect of restatement as a result of reverse merger

583,949,230

(583,949,230)

-

-

Balance as at December 31, 2023 (restated)

1,087,353,740

(583,949,230)

461,432,866

964,837,376

Total comprehensive income for the three months ended march 31, 2024

-

-

42,059,979

42,059,979

Balance as at March 31, 2024

1,087,353,740

(583,949,230)

503,492,845

1,006,897,355

Transactions with owners

Fair value of the consideration effectively transferred in the reverse merger

200,156,500

(38,430,048)

-

161,726,452

Total comprehensive income for the nine months ended December 31, 2024

-

-

440,191,309

440,191,309

Balance as at December 31, 2024

1,287,510,240

(622,379,278)

943,684,154

1,608,815,116

Total comprehensive income for the three months ended March 31, 2025

-

-

81,339,759

81,339,759