Financial Results for the Quarter Ended March31,2025

Irteinzl rz1If«itvezrLxted

April 25, 2025

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road,

Karachi.

Dear Sir,

FINANCIAL RESULTS FOR THE 3RD QUARTER ENDED MARCH 31, 2025

We are pleased to inform you that the Board of Directors of the International Knitwear Limited in their meeting held on Friday, April 25, 2025 at 03:30 p.m. at Karachi reviewed and approved the un-audited financial statements for the 3rd quarter ended March 31, 202S and recommended the following:

1. CASH DIVIDEND
2. BONUS SHARES
3. RIGHT SHARES
4. ANY OTHER ENTITLEMENT / CORPORATE ACTION
5. ANY OTHER PRICE SENSITIVE INFORMATION

NIL NIL NIL NIL NIL

The financial Result of the Company are attached along with condensed interim statement of financial position, statement of profit or loss, statement of comprehensive income, statement of changes in equity and statement of cash flows for the period ended March 31, 2025 are annexed herewith.

The 3rd quarter report of the Company for the period ended March 31, 2025 will be transmitted through PUCARS separately, within the specified time and shall also be made available on Company website: https://www.internationalknitwear.com

Yours truly,

Javed Khan

Chief Financial Officer / Director

F-2A / (L), S.I.T.E., Karachi - 75730, Pakistan. Phones: 021-32574302-04

E-mail : contact@internationalknitwear.com Website : https://www.internationaIknitwear.com

INTERNATIONAL KNITWEAR LIMITED

CONDENSED STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2025 (UN-AUDITED)

ASSETS

Non-Current Assets

Property, plant and equipment Long term deposits

Loan and advances

Long term investments

Current Assets Stock in trade

Short term investments

Trade debts - considered good Short term loans and advances Other receivables

Taxation - net

Cash and bank balances

TOTAL ASSETS

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorised Capital

20,000,000 Ordinary shares of Rs. 10 each

Issued, subscribed & paid-up capital Revenue Reserves

Unappropriated profit

Capital Reserves

Unrealized gain on revaluation of investments - FVTOCI

Non-Current Liabilities

Current Liabilities

Short term finance under mark-up arrangement - Secured Creditors, accrued and other liabilities

L/nclaimed dividend

Contingencies and Commitments TO7AL EQUITY AND LIABILITIES

The a xe$ notes 1 to 19 form on integral paft of these financial statements.

Note 4

8

5

8

10

J3

15

(Un-Audited) March 2025 Rupees

86,528,275

1,500,000

1,597,500

32,012,514

121,638,289

229,752,480

38,171,061

329,061,571

14,630,541

12,076,310

14,592,924

1,867,429

640,152,317

761,790,606

200,000,000

96,750,000

78,248,606

174,998,606

13,144,822

188,143,428

296,622,793

274,510,192

1,514,I94

573,647,178

761,790,606

(Audited) June 2024

Rupees

73,514,795

1,500,000

861,000

28,025,260

103,901,055

243,547,295

32,485,208

53,207,686

6,306,459

25,279,007

14,609,852

3,272,247

378,707,754

482,608,809

200,000,000

96,750,000

61,404,293

158,154,293

9,157,568

167,311,861

142,299,173

170,699,762

2,298,013

315,296,948

482,608,809

Khalid Jamil Siddiqi

Chairman

Naeem Shafi

Chief Executive Officer

Javed Khan

Director / CFO

INTERNATIONAL KNiTWEAR LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

FOR THE NINE MONTH & 3RD QUARTER ENDED MARCH 3t, Z025 {UN-AUDITED)

Sales - net

Note

QUARTER ENDGD

March March

2025 2024

---(Rupees)-

247,905,0T0

NINE MONTH ENDED

March March

2025 2024

---IRvpees)

653,028,44S

Cost of goods sold

(232,72t,263) (819,255,322) (570,055,871}

Gross profit

Administrative and selling expenses Operating profit

Other income

Unrealized gain on revaluation of investmencs through P&L

Financial charges Other charges

Profit before income taxes and final taxes Taxation • Final taxes

Taxation - Income tax Current - for the year Prior year

Deferred Tax

Profit aNer Income tax

t8,634,247

12 3,242,574

(t,423,859} 1,8T8,715

30,452,962

(10,621,66t)

(1t,990,O22) 18,462,940 (2g2,41z)

t8,T8O,528

13,177,418

18,183,747

(8,396,074)

3,662,790

1,177,443

3,053,5S3

5,922,49a 3,8t0,505

6,787,674

4,840,233

(5,225,t29)

(22,926,506)

(19,629,664)

(44t,792) (3,040,075)

(S,666,92't) (22,669,739)

11,627,907

5,960,986

41,018,981

5,960,986

0 00 26,563,016

(2,934,979}

76,564,370

t3,42y,O65

61,242,830

35,67Z,497

82,972,fi73 (26,147,9t1} 56,824,663

6,864,058

63,688,720

43,018,981

(t4,455,965)

Earning per share-basic and diluted

¥.36 0.3T

2.49

2.75

The annexed notes 1 to 19/orm on integrol port of these /noncioT statements.

Khalid Jam)) SlddigI

Chairman

Javed Khan

Director & CDO

INTERNATIONAL KNIMEAR LIMITED

CONDENSED TNYERIM STATEMENT OF COMPREHENSIVE INCOME

FOR THE NINE MONTH & 3RD QUARTER ENDED MARCH 3t, 2025 {UN-AUDITED)

Profit for the period

Other comprehensive income

Items that will not be reclassified subsequently to profit or loss

QUARTER ENDED

March March

2025 2024

------{Rupees)-----

13,177,4G8 3,026,007

NINE MONTH ENDED

March March

2025 2024

-------{Rupee*)------24,¥0O,563 26,563,016

Unrealised gain on remeasurement of investments classified as fair value through OCI

Reclassification of OC I on disposal of fair value through OC I investment directly into equity

Total comprehensive income for the period

The annexed notes 1 to 19 form an integral part of these financial statements

Naeem Shafi Chief Executive Officer

(2,378,509)

10,798,909

1,455,874

4,48¥,881

3,987,254

2,654,010

28,087,8t7 29,2T7,026

3,987,254

Javed Khan Director & CFO

INTERNATIONAL KNIMEAR LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY

FOR THE NINE MONTH & 3RD QUARTER ENDED MARCH 31, 2025 (UN-AUDITED)

------•-------Reserves------------

-•CapitaI Reserve Revenue Reserve--

Issued, Subscribed Unrealized gain /

and Paid up Shore (loss) on revaluation of Unapproprlated profit Capital Investments

Total

Balance as at March 31, 2025 {Un-Audited)

Tfie annexed notes J to J9 form on inregro/port of these financial statements

96,750,000

tg8,:t43,d28

Khali mil Siddi Chai

Naeem Shafi Chief Executive

Javed Khan Director / CFO