18th September, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
Subject: Financial Results for the Year Ended 30t' 3une 2025
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on 18th September 2025 at 10:00 AM at 40-L-1, Block 6, P.E.C.H.S., the Registered Office of the Company, recommended the following:
CASH DIVIDEND
A Final Cash Dividend for the year ended 30" June 2025 at Rs. 0.60 per share i.e. 6%.
BONUS SHARES
Bonus Shares in the proportion of 5 shares for every 100 shares held i.e. 5%.
RIGHT SHARES
Nil
ANY OTHER ENTITLEMENT/CORPORATE ACTION
None
(v} ANY OTHER PRICE-SENSITIVE INFORMATION
None
The required sections from the financial statements are attached hereunder. Consolidated Financial Statements - Deferred Tax
During the year, further capitalization in the unlisted subsidiaries, Global Packaging Films (Private) Limited and Petpak Films (Private) Limited, has resulted in a deferred tax charge amounting to PKR 528 million. Excluding the said charge, the Consolidated Profit after Tax would have been PKR 1,192 million and the Profit attributable to owners of the Holding Company would have been PKR 1,575 million.
REGISTERED OFFICE
ot # 40-L-1, P.E.C.H.S, Block 6, Near Jason Trade Centre, Karachi 75400, Pakistan.
+922134384044, +9234348046 +922134384048
PLANT
PAK Plant, Manga Chowk, Raiwind, Bypass Road, Raiwind District, Lahore 55150, Pakistan.
-r924235398166, -r924235398167
https://www.ipak.com.pk support@ipak.com.pk
The Annual General Meeting of the Company will be held on Thursday, 23'd October 2025 at 9:30 AM, in PSX Auditorium, Pakistan Stock Exchange Building, Stock Exchange Road, Karachi.
The Share Transfer Books of the Company will be closed from 17th October 2025 to 23rd October 2025 (both days inclusive). Transfers received at the Company Registrar at 'CDC Registrar Services Limited, CDC House, 99-B, Block B, S.M.C. H.S., Main Shahra-e-Faisal, Karachi- 74400, Pakistan' at the close of business on 16*h October 2025 shall be considered in time for any entitlements and right to attend and vote at the Annual General Meeting.
The Annual Report of the Company for the year ended 30th June 2025 will be transmitted through PUCARS separately within the specified time and shall also be made available on the Company's website https://http://www.ipak.com.pk.
Yours Sincerely,
For International Packaging Films Limited
Fahad Alam Company Secretary
REGISTERED OFFICE
ot # 40-L-1, P.E.C.H.S, Block 6, Near Jason Trade Centre, Karachi 75400, Pakistan.
+922134384044, +9234348046 +922134384048
PLANT
PAK Plant, Manga Chowk, Raiwind, Bypass Road, Raiwind District, Lahore 55150, Pakistan.
+924235398166, +924235398167
https://www.ipak.com.pk support@ipak.com.pk
CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
Mote
‹Restated )
2025 0 '^
(Rupees in '000)
Revenue from contracts with customers 29 34,368,825
Cost of sales | TO | (29.374,656) | !1 1G 0 C' | ||
Gross profit | 4,994,169 | I ?1 t -° | |||
Selling and distribution expenses | 31 | (757,365) | |||
Administrative expenses | S2 | (669,515) | |||
Reversal / (charge) of loss allowance on trade receivable | 10 5 | 13,855 | |||
Other operating expenses | 33 | (193,168) | |||
Other income | 34 | 436,782 | |||
Operating profit | 3,824,758" | ||||
Finance costs | (2,219,003) | ||||
Profit before levies and income tax | 1.605,755 | ||||
Levies - final tax | |||||
Profit before income tax | 1,605,755 | ||||
Income tax expense | 37 | ||||
- Current | (483,274) | ||||
- Deferred | (458.435) | ||||
(941,709) | |||||
Profit I (loss) for the year after taxation | 664,046 | ||||
Profit / (loss) attributa ble to: | |||||
Owners of Holding Company | 1,202,416 | ||||
Non controlling interest (NCI) (538,370) | |||||
664,046 | |||||
Earnings per share - basic and diluted
- -- (Rupees) --- ---
Yestatec
3d
The annexed notes from 1 to 51 form an integral part of these consolidated financial Ststements
Naveed Godil
Chief Executive Officer
Saad Amanullah Khan Director & Chairman Board Audit Committee
Syed Haris SaIin› Chief Financial Officer
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
ASSETS
NON-CURRENT ASSETS
Note
(Restatedl (Restated j
2025 2024 2023
(Rupees in '000}
Property, plant and equipment Righl-of-use assets
Intangible assets Long-term loans
# 27,072,*i97
5 5,366
6 55,134
7 32,594
27.318, 483
12 24Y
55 E3
22,262
TO 584.739
Long-ferm deposits
1 2S,953
10d 3 TO
CURRENT ASSETS
Stores. spares and consumables Stock-in-trade
Trade receivable s
Loans and advances
Trade deposits and sion-term prepayments
Olher receivables
Taxation - net
Sales tax refundable Cash and bank balances
27,2g1 ,644
541,578
5,137,931 7,76t ,8fi9 841,890
82,032
280,752
213,477
694,242
770,968
10
1
12
27
4
77,512.504
20,697 *9
TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share capital
Issued. subscribed and paid-up capital
Capital reserves Share premium
Reserve for investmenl in subsidiaries
Revenue reserves
16,332,729
#3,624,373
7,002,000
2,470,7 22
17 3,259,000
12.556.24 0 7 928 2 8
856.316
24E.918
27?,93B
J.193.190 3 348 647
314.138
28,833
4?,62
394 ,? 7
333 144
40,06B 744 28 625 28
7.00?,000
2.4 70,722
3,2S9,000
Accumulated loss / unappropriated profits | 1,170,660 | (32 022} | 3 38.• 6 | |||
Exchange translation reserves | 621 | 24 0 | ||||
TOTAL SHAREHOLDERS' EQUiTY | 2 699.045 | 4 0,926.9 2T | ||||
Non-co ntrolling interest | 2,568,5t 5 | X.8^3,4 87 | _ 3, * g3 7'id | |||
46,474 ,54 8 | 15.542.493 | J4,1 J0.70n | ||||
LIABILITIES | ||||||
NON-CURRENT LIABILITIES | ||||||
Long-term financing - secured | 18 | 2 910,0b i | ||||
Deferred income - government grant | 19 | |||||
Deferred Taxation - net | 20 | ?4629? | ||||
Slaff retirement benefits | 21 | |||||
Lease liabililies | 22 | 30,988 | ||||
Suppliers' credif | 23 | 2,159.537 | ||||
7.970.gg6 | 0 ,644.238 | 6.498.71* |
4,127,171 | 3,u71,893 |
643,605 | 909,II 9 |
2,933,62$ | 2,474 618 |
265,895 | 178 665 |
9,543 |
cu RRENT LIABILITIES
Trade and other payables Contract liabilities
Short-term borrowings - secured
Current pofiion of long-term financing - secured Current portion of deferred income - government grant Current portion of lease liabilities
Suppliers' credit Taxation - net Accrued mark-up
TOTAL LIABILITY ES
CONTING ENCTES AND COMMITMENT S TOTAL EOUITY AND LIABILITIES
24
8,009,135 | 8.660, 4G3 | |
374,t B6 | 261.B05 | |
9,3B4,868 | 5.g51,483 | |
4 ,27e,B93 | 806.088 | |
126,631 40,846 | ||
2,235 642 | ||
102,060 |
25
26
18
19
22
23
27
43,624,373
17 ,882 014
24,526,252
d0.068 7ad
IN? 736
8.016.869
28 526 269
The annexed notes from 1 to 51 rorm an integral pan of these consoled ated financial statement s
Nav eed Godil Chief Eze cutiv e Officer
Saad Amanullah Khan Director & Chairman Board Audit Committee
Syed Haris la lim " Chief Finaneial Officer
INTERNATIONAL PACKAGING FILMS LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, 2025
subscribed and paid up
Capital
reserve s reserves
Rene+ye for Revaluation Unappropriated Exchange inveatment in surgTus on profits transialion subsidiaries property. plant accumulated reserves
and equipment loss
1mercy t
Total
Balance as at July 1. 20z3 - As previously reported | 1,4 B7,566 | J ,6d2.280 | 3,138, 416 | 3.483,774 | jS,762,98 4 | ||||||||||||||||||||
Effect of retrospective application of change in accounting policy (net of tax) - nole a.zz | .642,2B0} | .6W.20) | |||||||||||||||||||||||
Balance as at July 1. 2023 - Restated | 6,300,945 | 1.4B7.566 | 3.138,4 16 | 3,183.774 | 1 4,110,701 | ||||||||||||||||||||
Profit for the year - reslated | 90.830 | ||||||||||||||||||||||||
Other comprehensive profit/(loss) for the year | {3 168) | d,21 6 | |||||||||||||||||||||||
Total comprehensive (loss) / income for Ihe year - restated | 87,662 | (663,096 | |||||||||||||||||||||||
Advance against fulure issuance of shares - PETPAK Films (Private) Limiled | 322.699 | ||||||||||||||||||||||||
Transferred from unappropriated profits to reserve for inveslment in subsidiaries | (3,259,000) | ||||||||||||||||||||||||
Transactions with owners in their capac ity as owners | |||||||||||||||||||||||||
issuance of 70. 405,45°' ordinary shares each full y pa id in cash | 701.055 | 1,062.923 | |||||||||||||||||||||||
Wrile off of expenses on account of issue of shares through Initial Pudlic Offering - note Is | (79.767) | ||||||||||||||||||||||||
Balance as aI June 30. :202• - restated | 7,002, 000 | 2,470.7 22 | 3,259,000 | - | {3Z,922) | 2,043,a< 7 | 15,542,492 | ||||||||||||||||||
Profit/(Loss) for jhe year | - | 1,202,416 | (588,37oj | ||||||||||||||||||||||
Other comprehensive income / (lo*s) for the year | 1,166 | 376 | 609 | 3,151 | |||||||||||||||||||||
Total comprehensive income / (loss) for the year | - | a,203,582 | (S37,761) | 66G,198 | |||||||||||||||||||||
é°vaace agamst future issuance of snarcs PETPAK Films (Private) Limiled | 262,829 | 262,829 | |||||||||||||||||||||||
Balance as at June 30, 2026 | 7,002,000 | 3,259,000 | 621 | 2.568,S1 5 | J6,471,518 |
The annexe d notes frcm I to 61 form an iniegral part of these ccnsoiidaJed finaneia I statements.
Nave ed Godil
Claie f Execc tive Office r
Saad Am an r half Khan Dire ctor & Chairm an Board Audit Com m i ttee
Sy ed Haris Sai im Chief Financial Office r
CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025
Note
(Restated)
2025 2024
(Rupees in '000)
CASH FLOWS FROM OPERATING ACTIVITIES Cash generated from operations | 39 | 1,398,204 | 4,294,847 |
Finance costs paid | (2,153,314) | (1,691,591) | |
Staff retirement benefits paid | (19,460) | (10,321) | |
Income tax and levies paid | (798,811) | (875,817) | |
Increase in long-term loans | (10,332) | (13,227) | |
Increase in long-term deposits | (21,594) | (97 98B) | |
(3,003,511) | (2,688,944) | ||
Net cash generated from operating activities | (1,605,307) | 1,605,903 | |
CASH FLOWS FROM INVESTING ACTIVITIES |
Payment for acquisition of property, plant and equipment Payment for acquisition of intangible assets
Return on PLS savings accounts
Proceeds from disposal of property, plant and equipment Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issue of shares through Initial Public Offering (IPO)
Expenses incurred in relation to IPO Lease rentals paid
Receipt of short-term borrowings - net Suppliers credit
Receipt against issue of shares to non-controlling interest Proceeds from long-term financing
Repayment of long-term financing
(872,707) | (7,204,358) |
(7,567) | (890) |
28,711 | 28,043 |
368 | 7.004 |
1,763.978 | |
(79.767) | |
(10,083) | (1d 825) |
1,474,286 | 2,218 406 |
(2,235,642) | |
262,829 | 322,699 |
2 859,4 11 | |
1,453,385 | (1,765,307) |
(851,195) (7,170,201)
Net cash generated from financing activities | gaa,775 | 5,304,205 | |
Net decrease in cash and cash equivalents | (1,511,727) | (260,003) | |
Cash and cash equivalents at beginning of the year | 24,977 | 284,+35 | |
Effects of exchange rate changes in cash and cash equivalents | 376 | 245 |
Cash and cash equivalents at end of the year
Naveed Godil Chief Executive Officer
Saad Amanullah Khan Dine ctor & Chairman Board Audit Committee
J0 (1,486,374) 24,977
Sy ed Haris Salim Chief Financial Office r
NOTES TO AND FORMING PART OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2025
39.
CASH GENERATED FROM / (USED IN)
Note
FROM OPERATIONS | |||||||||||
°rofit before levies and income tax | 1,605.755 | ||||||||||
Adjustments for non-cash charges | |||||||||||
and other items | |||||||||||
Depreci ation of oroperty | |||||||||||
pantand equpmen+ | 4 'I 1 | 1.118,595 | |||||||||
Amortisation of Intangible assets | 6.1 2 | 7,586 | |||||||||
Depreciation of right-of-use assets | 6,881 | ||||||||||
Loss / (gain) on disposal o{ property. | |||||||||||
plant and equipment | 33A34 | (368) | |||||||||
Unrealised exchange gain | (42,589) | ||||||||||
Return on PLS savings accounts | 34 | (28.711) | :28Cd3› | ||||||||
Gain on modification of lease | 34 | ||||||||||
Provision for staff retirement benefits | 21 .1.5 | 109,037 | |||||||||
Amortisalion of deferred inCome | 34 | (162,974) | |||||||||
Allowance for expected credit losses | 10.5 | (13.855) | |||||||||
Finance cost | 35 | 2,219.003 | |||||||||
4,818,360 | |||||||||||
Changes in work iiJg caoital | 39.1 | (3.420,156) | |||||||||
fi ,398.204 | |||||||||||
39.1 CHANGES IN WORKING CAPITAL
Increase) / deciease in current assets.
Stores, spares and consumables StocK-in-trade
Trade receivables Loans and advances
Trade deposits and short-term prepayments Other receivables
Sales tax refundable
Increase / (decrease) in current liabilities Trade and other payables
Contract IiabilitieS Suppliers' credit
Note
2025 ?U? 1
(Rupees in '000)
(206,103)
(605,691)
(1,959.069)
(289,415)
(4,907)
(1 20,996)
162,074
(3,024,108)
508,429)
1 1 2,381
(3,420,156)
INTERNATIONAL PACKAGING FILMS LIMITED
UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
' Resta!e:!
Note 2025 2024
(Rupees in '000)
F'evenue from contracts with CUStomers
Cost of sales
Gross profit
Selling and distribution expenses Administrative expenses
Reversal of charge against loss allowance
on trade receivables Other operating expenses Total operating expenses Other income
Operating profit
Finance costs
Profit before levies and income tax
Levies - final tax
Profit before income tax Income tax expense
Current
- Deferred
Profit for the year after taxation
Earnings per share - basic and diluted
?t1 (12,675.079) t13 021 1 ?8!
2,889,456 d 0G?
(311.773)
(362.532)
19,134
(96,7S4)
32
33
11.5
34 1 BE 28?
(751,905) '866.1 4J
35 466,240 267uob
37
1,282,732 J' 5.°^L'
J8
(483.274)
51,537
(431,737)
850,995 26?. 4 4
(Res!at=.c i
-- (Rupees) --------
3g 1.22
the annexed notes from 1 to 52 form an integral part of these unccnsoIidat.d "r an«ai slat.nJ.n!
Nav eed Godil
Chie f Ex ecutive Office r
Saad Amanullah Khan Director & Chairm an Board Audit Committee
Sy e‹I Haris Saline CI1ie f FinanciaI Office r
UNCONSOLIDATED STATEMENT OF FINANCIAL POSITIONAS AT JUNE 30, 2025
ASSETS
401,014 | 291,403 | 258 659 |
t,968,924 | 2 *57.9fi5 | 2 5BE702 |
4,870,537 | 3,431.798 | 2 d74,7 5 |
150,108 | 221 ,336 | â04659 |
29,410 | 1 5. 294 | 19 31 g |
719,600 | 157.076 | 43.014 |
34,347 | 65 324 | |
549,461 | 212,657 | |
62,702 | 54,067 | |
321,812 | 80.752 | 162,618 |
NON-CURRENT ASSETS
(Resated (R estaled)
Note 2025 2024 2023
--- - ---------- (Rupees in '000) ------------•-••--
Property, plant and equipment | 4 | 2,230,534 | 2,345, 290 | 2,520, 51 I | |||
Right-of-use assets | 5 | 5,366 | 42,24 7 | 36 OT 1 | |||
Intangible assets | G | 53,653 | 04.380 | G 1 115 | |||
Long term investments - subsidiaries | 7 | 13,951,215 | 13.853,022 | 1 1 G8 24 I | |||
Long-team oan to subsidiary | 15 | 1,581,104 | 2 108 1 11 | ||||
Long-term loans | 8 | 32,594 | 22,?G2 | 9 035 | |||
Long-term deposits | 74,265 | 52,671 | |||||
17,928,731 | 18,448.013 | ||||||
CURRENT ASSETS | |||||||
Stores. spares and consumables | 9 | ||||||
Stock-in-trade | 10 | ||||||
Trade receivables | 11 | ||||||
Loans and advances | 12 | ||||||
Trade deposits and shoñ-term prepayments | 13 | ||||||
Other receivables | j4 | ||||||
Sales tax refundable | |||||||
Current portion of loan to subsidiary | 15 | ||||||
Short-term loan to subsidiary | 15 | ||||||
Cash and oank balances | 16 | ||||||
9,107,915 | 6.g22,338 | 5 717.000 | |||||
TOTAL ASSETS | 27,036,646 | 25.270,351 | 19.5 48,94 d | ||||
EQUITY AND LIABILITIES | |||||||
SHARE CAPITAL AND RRSERVES | |||||||
Share capital | |||||||
Issued, subscribed and paid-up capital | 17 | 7,002,000 | T.00?,000 | 6.300 4S | |||
Capital reserves | |||||||
Share premium | 18 | 2,4Y0jZ¥ | 2,470,7 22 | 1,487,56 o | |||
Reserve for investmenf in subsidiaries | 19 | 3,258,000 | 3.259,000 | ||||
Revenue reserves | |||||||
Unappropriated profit | 2.111,868 | 1.259,98 5 | 3,2?1 13? | ||||
TOTAL 5HAREHOLDERS' EQUITY | 14,843,590 | 13 991 70 | 11.03?54f? | ||||
LIABILITIES | |||||||
NON-CURRENT LIABILITIES | |||||||
Long-term financing - secured | 20 | ||||||
Deferred income - government prant | 21 | ||||||
Deferred taxalion - net | 22 | ||||||
Staff refinement benefits | 23 | ||||||
Lease liabilities | 24 | ||||||
1,715,472 | 2.308,888 | 2 4 †4 39† | |||||
1,108,234 | 1 01.622 | 1.8•6 3? |
5,180 | 7.7 4 4 | 7,R00 |
385,947 | d36.916 | 4Gd 747 |
216,11 1 | 1 $3.003 | 10?. 92? |
- | 9,543 | 30.986 |
CURRENT LIABILITIES
3,142,158 | 3,468 182 | 2,488,38G | |
262,939 | 225, 1 '9 | ||
6,178,753 | 4.335,872 | 2.845 5dG | |
597.185 | 558 2' 5 | OJ,007 | |
893 | 352 | ||
10,846 | 9.092 | 1 0 83G | |
38.788 | |||
284,81o | 367 139 | ZU1509 |
Trade and other payables 25
Contract liabilities 26
Short-term borrowings - secured 27
Current port on oT long-term financing - secured 20
Current portion of deferred 'ncome - government grant 24
Current portion of lease liabilities 24
Sales tax payable
Taxation - net 28
40,477,584 | 8,969,755 | b.024906 | |||||
TOTAL LIABILITIES CONTINGENCIES AND COMMITMENTS | 29 | 12,193, 056 | 1 " 278.64 4 | ||||
TOTAL EQUITY AND LIABILITIES | 27,036,646 | 25,270,3$1 | 19, 5 18, 944 | ||||
The annexed notes from 1 to 52 form an integrai part of these unconsolidated financial statements
tt';j F.:^!':Jr:fJ i ,I t
Naveed Godil Chief Executive Office r
Saad Amanullah Khan Director & Chairman Board Audit Comm ittee
Sy ed Haris Sai m ' ' CMef Financial Office r
UNCONS OLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025
Issued, CapitaI Reven‹ie subscribed reserves reserve
add Qa4d U Share premium Reserve for Revaluation Unappropriated
capital investment in surplus on profits
subsidiaries property, plant
and equipment
Total
------ ------ -•---- -- --- - - -- -------• (Rupees in '000) -------------------------•----- -- -----------------------
Balance as at July 1, 2023 - As previoucly reported
Effect of retrospective application of change in accounting pol cy (net of tax) - note 3.23
Balance as at July 1, 2023 - Restated
6,300,P45
1,269,d64 1.?69,4 64
(1,61d) 1,614)
6,300,945
4.487.566
1,487,566
(1 57¿ 520)
3 2'51.135
1 2 61 5 166
11,039,6d6
Profit for the year - Reslated
Other comprehensive loss for the year
Total comprehensive income for the year - Restated
Transferred from unappropriated profits to
reserve for inveslment in subsidianes
Transactions with owners in their capacip as owners
Issuance of 70,105, g55 ordinary shares each fully pald In cash
Write off of expenses on account of is*ue of shares
through Initial PuDlic Offering - note 18
Balance as at June 30, 2024 - Restated
Proflt for the year
Other comprehensive income for lie year
?0i,0l5
1,002,000
1,062,923
(79 767)
2,470,7 22
3,259,000
3,259,000
- 1,2G 850
3,259,000j
- 1,259,985
267.g?0
4?63678
4 3,991,707
Total comprehensive income for the year 851,883 854 ,683
Balance as at June 30, 2025
7,002,000 2,470,722 3,259,000
- 2,1 1 1,868 14,843,590
The annexed notes from 1 to 62 form an integral part of fhese unconsolldated financial slatemenls
Naveed Godil Chief Executlv e Officer
saad mmmullah Khan Director & Chairman Board Audit CommIttee
Sy ed Haris Salim Chie f Finaneial Office r
UNCONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025
Note
2025 202^
(Rupees ill '000)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations
Finance costs paid
Staff retirement benefits paid Income tax and levies paid Decrease in long-term loans Increase in lon9-termdeposits
14,318)
(585,603)
10.332) (21,594)
(1,983,133
/0 569,952
Net cash (used in) / generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property. plant and eouipiJJent Acquisition cr intangible asse's
InvestnJen I in subsidiar ie.s
Amounts paid against future issuance of shares Return on PLS savings accounts
Proceeds from dispose! of property, plant and eauipmeiJt Amount r ceived / {paid) against loan to subsidiaries
Net cash generated from / (used in) investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceed s from issue of shares through Initial F ublic Offersng (IPO)
Expenses incurred in relation to IPO Lease ren tals paid
Recent of short-tern borro 'ing-s neI Proceed s from long-terns financing Repayment of long-te m financing
Net cash (used in) / generated from financing activities Net decrease in cash and cash eauivalents
Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year
(1,413,181) I ? 1 ?
(86,747)
(6,727)
(98,193)
368 t
525,751
343,380
(1,195,341)
(140.189)
(1,3*5,530)
The annexed notes from 1 to 52 form an integral part of thes+ uncorsolidated financial slra*ens.er r
Nav ee d Godil
Chief Exe cutive Officer
Saad Amanullah Khan Director & Chairm an Board Audit Comm itte e
Sy ed Haris Salim
Chief Finane iaI Office r
NOTES TO AND FORMING PART OF THE UNCONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2025
Note
(Restated)
2025 2024
(Rupees in '000)
40. | CASH GENERATED FROM OPERATIONS | |||||
Profil before income tax | 1,282,732 | 1,955409 | ||||
Adjustments for non-cash charges and other items | ||||||
Levies | 3T | 6,348 | ||||
Depreciation of property, plant and equipment | 4.1.1 | 201,503 | 168,914 | |||
Amortisation of intangible assets | 6.1.2 | 7,454 | 6.825 | |||
Depreciation of right-of-use assets | 5.2 | 6,881 | 11,341 | |||
tGain) / Loss on disposal of property, | ||||||
plant and equipment | 34 | (368) | 28,440 | |||
Unrealised exchange gain | 6,562 | 3,992 | ||||
Return on PLS savings accounts | 35 | (8,928) | (1 1,209) | |||
Gain on modification of lease | 35 | (3,75B) | ||||
Markup income on loan to subsidiary - PETPAK | {344,153) | (212.657) | ||||
Provision for staff retirement benefits | 23.1.6 | 78,792 | 55,960 | |||
Amortisation of deferred income | 35 | (1,993) | (186) | |||
Reversal of charge against loss allowance on trade receivables | 11.5 | |19,134) | -7,666 | |||
Finance cost | 36 | 1,321,059 | 1,527,181 | |||
3,528,934 | ||||||
Changes in working capital | 40.1 | (1,960,455) | 48,688 | |||
3,577,619 | ||||||
40.1 CHANGES IN WORKING CAPITAL
(Increase) / decrease in current assets:
Nole
2025 2024
(Rupees in '000)
Stores, spares and consumables | (109,611) | (32,753) | |
Stock-in•trade | 389,031 | 230,747 | |
Trade receivables | {1,419,605) | (949,417) | |
Loans and advances | 71,228 | (116.677) | |
Trade deposits and short-term prepayments | (14,116) | 4,024 | |
Other receivables | (562,524) | (114,062) | |
Sales tax refundable | 73,135) | ||
Increase / (decrease) in currenl liabilities: | (1,718,732) | (978,138) | |
Trade and other payables | (332,s8&) | 975,814 | |
Contract liabilities | 90863 | (53,103) | |
Sales tax payable | 104,112 48,685 |