Ittefaq Iron Industries Ltd.
Head Office : 40-B-II, Gulberg-III. Lahore - Pakistan. Ph: (042) 35765021-26 Fax: (042) 35759546
Ph: (042) 35759895, 35757397, 35757940 UAN: 111-94-94-11
Marketing Division
Ph: (042) 35785468 Fax: (042) 35759411
E-mail: info@ittefaqsteel.com, sales@ittefaqsteel.com, Web: https://www.ittefaqsteel.com
Dated: October 30, 2025 REF. #1HL/KSE /127/2025
$"
The General Manager, Pakistan Stock Exchange Ltd. Stock Exchange Building Stock Exchange Road, Karachi
Respected Sir,
Subject: N A ES TS O E YEA EN ED SEPTEMBER 30 2025
We have to inform you that the 8oard of Directors of our company, in their meeting held ‹in Thursday, October 30, 2025, at 10 A.M. at Registered Office, 40 B II, Gulberg Ill, Lahore, recommendedthe following:
CASH DIVIDEND
A final Cash Dividend for the year ended NIL at Rs. NIL PER share i.e.NIL %
BONUS ISSUE
It has been recommended by the 8oard of Directors to issue NILOJO t3flus Share, i.e.
RIGHT SHARES
The Board has recommended issuing NIL 0ZoRight Shares.
ANY OTHER PRICE-SENSITIVE INFORMATION NIL
The financial results of the Company are attached :
The above entitlement will be paid to the shareholders whose names will appear in the register of Members on-N/A.
The Share transfer books of the Company will remain closed from XXXX to xxxx (both days inc1uslve) at the close of business on-N/A will be treated in time for the purpose of the above entitlement to the transferees.
Mills: 8km (Manga - Raiwind Road) Rousa, Distt. Kesur. UAN: 111-94-94-11
You may please inform the TRE certificate holders of the exchange accordingl› .
Thanking you,
Yours Truly,
For Ittefaq Iron Industries Ltd
Shahz J v d (Chief Executiv
ITTEFAQ IRON INDUSTRIES LSPIZTED CONDENSED INTERIM STATEPIENT OF FINANCI.IL PO51" ION | ||||
AS AT 30 SEPTEMBER 2025. (UNAUDITE | Unaudited | Audited | ||
EQUZT¥ AND MABILITIES | ''5 *' ' p'e | 30 / 3un / 2025 Rupees | ||
Share capital and reserves Share capital | 1,443,433,640 | 1,443,433,690 | ||
Director's Loan Capital reserves | 316,329,215 | 316,329,215 | ||
Share premium | 774,507,925 | 774,507,925 | ||
Surplus on revaluation of property, plant and equipment | 922,785,572 | 931,268,740 | ||
1,697,293,497 | 1,705,776,665 | |||
General reserves Un-appropriated profit (48,291,873) 29,995,345 | ||||
Non-current liabilities | 3,408,764,479 | 3,495,534,865 | ||
Long-term finances | 220,080,320 | 221,229,156 | ||
Deferred liabilities | 228,446,723 | 246,358,107 | ||
Current liabilities | 448,527,043 | 467,587,263 | ||
Trade and other payables | ||||
Nark-up accrued on borrowings | ||||
Short-tern borrowings | ||||
Current portion of lease liabilities | ||||
1,423,014,819 | 1,403,657,578 | |||
Contingencies and commitments | ||||
2 0 06 | 66 706_ | |||
248,003,529 | 207,929,860 |
68,592,146 | 76,700,187 |
1,061,934,565 | 1,060,698,499 |
44,484,579 | 58,329,032 |
ASSME
Non-currant assets Property, plant and equipment Long-term deposits
Current assets
Stores, spare parts and loose tools StocM in trade
Trade debD
Loans and advances
Trade deposits and prepayments Tax refunds due from government Cash and bank balances
2,245,215,769
20,026,226
2,280,346,493
20,026,226
2,265,241,995 2,300,372,719
250,778,111 | 276,321,288 |
880,509,277 | 869,291,666 |
1,129,605,586 | 1,297,450,625 |
22,581,302 | 21,270,502 |
272,514,107 | 135,462,142 |
435,432,126 | 407,476,336 |
23,643,837 | 59,134,428 |
3,015,064,346 3,066,406,987
0, 6 41 5,366779706
30 / Sep/ 3025 Rupees | 30 / Sep/ 2024 Rupees |
ITTEFAQ IRON INDUSTRIES LII ITED
CONDENSED INTERIPI STATEPIENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME FOR THE QUARTER ENDE&30 SEPTEMBER 2025 (UNAUDITED)
Revenue from contracts with customers Cost of sales
478,745,972 672,342,641
520,540,S45 751,879,943
Gross (loss) / Profit | (41,794,573) | (79,537,302) | |
Other operating income | 13,213 | 1,061,302 | |
Distribution and selling cost | 4,855,625 | 16,567,037 | |
Administrative and general expenses | 25,991,181 | 33,491,421 | |
Other operating cost | 6,334,764 | ||
Finance cost | 8,157,895 | 13,963,362 | |
39,004,701 | |||
(Loss) / Profit before levies and taxation | (80,786,062) | (148,832,584) |
Levies and taxation
(Loss) / Profit after levies and taxationOTHER COI PREHENSIVE INCOME
(5,984,325) 36,918,242
(86,770,386) (111,914,342)Other comprehensive income - net of tax
TOTAL COPIPREHENSIVE INCOME FOR THE PERIOD
Earnings per share (basic and diluted)
(86,770,386) (111,914,342)
Chie xe uti e Officer
Director
Chigt inancial 0 leer
ITTEPAO IRON INDUSTRIES LIMITED STATEfi'tENT OE CHANGES IN EOUITY
FOR THE OUARTER ENDED 30 SEPTEI'•tBER 2025 fUNAUDFFEI7)
Share capital | Reserves | Director's loan's | Total equity | ||
Capital | Revenue | ||||
Share premium | Surplus on revaluation of operating asset | US-appropriated " | |||
3,788, 138 | 3,788,138 |
Rupees
Balance as at 01 3uly 2024 | 1,443,433,640 | 774,507,925 | 968,864,778 | 646,590,818 | 316,329,215 | 4, t49,726,376 | |
Loss aRer taxation for the year Other comprehensive income | (657,979,649) | (657,979,649) | |||||
Employee retirement benefits | |||||||
Remeasurements of benefit plan tnet of tax) Revaluation surplus tnet of deferred | |||||||
3,788,138 | 3,788,138 | ||||||
Transfer from revaluation surplus (net of deferred tax) - note 10 | (37,596,038) | 37,596,038 | |||||
Balance as at 30 3une 2025 | 1,443,433,640 | 774,507,925 | 931, 268,740 | 29,995,345 | 316,329,215 | 3,495,534,865 | |
Loss aRer taxation for the year Other comprehensive income | (86,770,386) | ||||||
Employee retirement benefits |
Remeasurements of benefit plan (net
Revaluation surplus (net of deferred tax)
Transfer from revaluation surplus (net of
deferred tax)
(8,483,t68)
8,483, 168
Balance as at 30 September 2025 1,443,433,640 774,507,925 922,785,572 (48,291,873) 316,329,215 3,495,534,865
ITTEFAQ IRON INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE QUARTER ENDED 30 SEPTEMBER 2025 (UNAUDZTED) | ||||
CASH FLOWS FROPI OPERATING ACTIVITIES | ||||
Cash generated from operations | 23,118,320 | 62,660,284 | ||
Income taxes paid | (32,508,750) | (22,764,848) | ||
Workers' profit participation fund paid | ||||
Employee benefits paid | (1,609,878) | (2,441,704) | ||
Finance cost paid | (9,367,895) | (13,963,362) | ||
Net cash (used in) / generated from operating activities | (20,368,204) | 23,490,370 | ||
CASH FLOWS FROI INVESTING ACTIVITIES | |||
Capital work-in-progress | |||
Net cash (used in) / generated from investing activities | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Re-payment of lease obligations | (2,476,860) | ||
Re-payment of Loan Bop | (16,358,453) | (8,974,500) | |
Proceeds from short-term borrowings (net) | 1,236,066 | (14,601,780) | |
Net cash (used in) / generated from financing activities | (15,122,387) | (26,053,140) | |
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS | (35,490,591) | (2,562,770) | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 59,134,428 | 28,242,963 | |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 23,643,837 | 25,680,193 | |
Chief xecutive Officer
Director
Chie nancial Offi
30 / Sep/ 2025 RUPEES | 30 / Sep/ 2024 RUPEES |
ZTTEFAQ IRON INDUSTRIES LII ITED
SELECTED EXPLANATORY NOTES TO THE CONDENSED INTERIN FINANCIAL STATEMENTS FOR THE QUARTER ENDED 30 SEPTEMBER 2025 (UNAUDITED)
This condensed interim financial informaition is being submitted to the shareholders as required by listing regulations of Paskistan Stock Exchange (PSX} vide relevent provisons of Companies Act 2017.
The comparative condensed interim financial information of the company does not include all the information and disclosures required for full financial statements ,and should be read in conjunction with the Company* s audited annual financial statements for the year ended June 30 2025.
The accounting policies and the methods of computation adopted in the preparation of this condensed interim financial information are the same as those applied in the preparation of the preceding audited annual financial statements of the company for the year ended June 30, 2025, except for the changes resulting from the initial recognition of standards ,amendments or interpretations to existing standards. However, amendmenD /improvements and new interpretations of approved accounting standards effective during the period, if any, were not relevent to the companies operations and do not have any material impact on the accounting policies of the company.
There is no significant change in the contingencies and commitments status since the last annual balance sheet date.
This interim financial information has been approved by the Board of Directors of the Company and authorized for issue on 30 October 2025.