PUCARS/LCS
Ref: JKSM/T-012/2026
The General Manager
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Dated: 25-02-2026
Subject: Financial Results for The Half Year Ended 31.12.2025
Dear Sir,
This is to inform you that the Board of Directors of our Company in their meeting held on February 25, 2026 at 11:00 am at head office of the Company, 29-K.M, Sheikhupura Road, Khurrianwala, Faisalabad, recommended the following:
Cash Dividend
Bonus Shares
Right Shares
Any Other Entitlement / Corporate Action
Any Other Price-Sensitive Information
Financial Results:
Nil Nil Nil Nil Nil
The following financial statements of the Company for the half year ended December 31, 2025, are annexed.
Statement of Financial Position
Statement of Profit or Loss
Statement of Changes in Equity
Statement of Cash Flows
The un-audited financial statements of the Company for the half year ended December 31, 2025 will be transmitted through PUCARS in due course of time and will also be available at the Company's website at www.jkgroup.net
For J.K. Spinning Mills Limited
Ghulam Muli mad Company Secretary
Copy to: Executive Director/ HOD
Offsite-II Department, Supervision Department, Securities & Exchange Commission of Pakistan, 63, N.I.C, Building, Jinnah Avenue, Blue Area, Islamabad
Head Office: 29-KM, Sheikl upura Road, Khuii ianwala, Faisalabad, Pakistan UAN: +92 (41) 111 151515 PABX: +92 (41) 2401011-16 Fax: +92 (41) 2401017-18
I'4ills: +92 (41) 2401100-03 Fax: +02 (41) 2401104
Email: lesal iksrouO.net €lRL: www.ikgroup.net NTN: 0658695-3 STftl'1: 04-04-5202-009-82
Condensed Interim Statement of Financial Position (Un-Audited)As At 31 December 2025
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorized share capital
200 000 000 (30 June 2025: 200 000 000)
Un-audited Audited
31 December 30 June
2025 2025
(RUPEES IN THOUSAND)
ordinary shares of Rupees 10 each | 2,000,000 | 2,000,000 | |
Issued, subscribed and paid up share capital Reserves Capital reserves | 1,023,175 | 1,023,175 | |
Merger reserve | 289,636 | 289,636 | |
Premium on issue of right shares | 60,904 | 60,904 | |
Surplus on revaluation of freehold land | 551,378 | 631,792 | |
901,918 | 982,332 | ||
Revenue reserve - unappropriated profit | 12,857,607 | 12,037,708 | |
Total reserves | 13,759,525 | 13,020,040 | |
TOTAL EQUITY | 14,782,700 | 14,043,215 | |
LIABILITIES NON-CURRENT LIABILITIES | |||
Long term financing | 2,658,919 | 3,143,263 | |
Lease liability | 15,341 | 23,060 | |
Deferred income tax liability | 144,729 | - | |
Deferred income - Government grant | 113,333 | 154,569 | |
CURRENT LIABILITIES | 2,932,322 | 3,320,892 | |
Trade and other payables Accrued mark-up Short term borrowings Current portion of non-current liabilities Taxation and levy - net Unclaimed dividend | |||
16,781,469 | 14,644,669 | ||
TOTAL LIABILITIES CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES | 19,713,791 34,496,491 | 17,965,561 32,008,776 |
3,491,615 | 3,771,774 | |
273,441 | 189,512 | |
12,047,752 | 9,803,222 | |
967,803 | 857,704 | |
- | 21,708 | |
858 | 749 |
The annexed notes form an integral part of these condensed interim financial statements.
Condensed Interim Statement of Financial Position (Un-Audited)As At 31 December 2025
Un-audited Audited 31 December 30 June
2025 2025
389,397 | 359,154 | |
13,702,109 | 11,107,260 | |
4,777,679 | 5,287,163 | |
339,937 | 169,315 | |
69,969 | 36,191 | |
277,581 | 79,193 | |
2,190,272 | 1,763,176 | |
12,560 | - | |
754,391 | 649,302 | |
349,712 | 472,879 |
(RUPEES IN THOUSAND)
ASSETS NON-CURRENT ASSETS Property, plant and equipment | 11,380,939 | 11,741,237 | |
Right-of-use asset Long term investment Long term deposits | 42,554 - 209,391 | 47,282 - 209,391 | |
11,632,884 | 11,997,910 | ||
CURRENT ASSETS | |||
Stores, spare parts and loose tools Stock-in-trade Trade debts Advances Short term deposits and prepayments Other receivables Sales tax refundable Taxation and levy - net Short term investments Cash and bank balances | |||
22,863,607 | 19,923,633 |
Non-current assets classified as held for sale - 87,233
22,863,607 20,010,866
TOTAL ASSETS 34,496,491 32,008,776
Condensed Interim Statement of Profit or Loss (Un-Audited)FOR THE HALF YEAR ENDED 31 DECEMBER 2025
Half year ended Quarter ended | ||||
31 December | 31 December | 31 December | 31 December | |
2025 | 2024 | 2025 | 2024 | |
(RUPEES IN THOUSAND) (RUPEES IN THOUSAND) | ||||
Revenue | 20,827,962 | 21,147,382 | 10,450,065 | 10,703,319 |
Cost of sales | (18,056,082) | (18,670,817) | (9,081,363) | (9,603,630) |
Gross profit | 2,771,880 | 2,476,565 | 1,368,702 | 1,099,689 |
Distribution cost | (670,127) | (666,025) | (374,853) | (317,390) |
Administrative expenses | (283,458) | (279,792) | (125,371) | (126,493) |
Other expenses | (72,409) | (51,102) | 40,840 | (27,693) |
(1,025,994) | (996,919) | (459,384) | (471,576) | |
1,745,886 | 1,479,646 | 909,318 | 628,113 | |
Other income | 259,820 | 297,170 | 224,263 | 207,795 |
Profit from operations | 2,005,706 | 1,776,816 | 1,133,581 | 835,908 |
Finance cost | (732,397) | (1,138,154) | (354,541) | (559,768) |
Profit before levy and taxation | 1,273,309 | 638,662 | 779,040 | 276,140 |
Levy | (135,331) | (161,337) | (73,627) | (3,998) |
Profit before taxation | 1,137,978 | 477,325 | 705,413 | 272,142 |
Taxation | (395,524) | (174,633) | (280,264) | (174,633) |
Profit after Taxation 742,454 302,692 425,149 97,509
Earnings per share - basic and diluted (Rupees) 7.26 2.96 4.16 0.95
The annexed notes form an integral part of these condensed interim financial statements.
Condensed Interim Statement of Comprehensive Income (Un-Audited)FOR THE HALF YEAR ENDED 31 DECEMBER 2025
Half year ended Quarter ended | ||||
31 December | 31 December | 31 December | 31 December | |
2025 | 2024 | 2025 | 2024 | |
(RUPEES IN THOUSAND) (RUPEES IN THOUSAND) | ||||
Profit after taxation | 742,454 | 302,692 | 425,149 | 97,509 |
Other comprehensive income: | ||||
Items that will not be reclassified to profit or loss in subsequent periods | - | - | - | - |
Items that may be reclassified to profit or loss in subsequent periods | - | - | - | - |
Other comprehensive income for the period | - | - | - | - |
Total comprehensive income for the period 742,454 302,692 425,149 97,509 The annexed notes form an integral part of these condensed interim financial statements.
Condensed Interim Statement of Changes In Equity (Un-Audited)FOR THE HALF YEAR ENDED 31 DECEMBER 2025
SHARE CAPITAL | RESERVES | TOTAL EQUITY | |||||
CAPITAL RESERVES | REVENUE RESERVE | TOTAL | |||||
MERGER RESERVE | PREMIUM ON ISSUE OF RIGHT SHARES | SURPLUS ON REVALUATION OF FREEHOLD LAND | SUB TOTAL | UNAPPROPRIATED PROFIT | |||
(RUPEES IN THOUSAND)
Balance as at 30 June 2024 - (Audited) | 1,023,175 | 289,636 | 60,904 | 597,419 | 947,959 | 11,523,847 | 12,471,806 | 13,494,981 | |||||||
Profit for the half year ended 31 December 2024 | - | - | - | - | - | 302,692 | 302,692 | 302,692 | |||||||
Other comprehensive income for the half year ended 31 December 2024 | - | - | - | - | - | - | - | - | |||||||
Total comprehensive income for the half year ended 31 December 2024 | - | - | - | - | - | 302,692 | 302,692 | 302,692 | |||||||
Balance as at 31 December 2024 - (Un-audited) | 1,023,175 | 289,636 | 60,904 | 597,419 | 947,959 | 11,826,539 | 12,774,498 | 13,797,673 | |||||||
Profit for the half year ended 30 June 2025 | - | - | - | - | - | 211,169 | 211,169 | 211,169 | |||||||
Other comprehensive income for the half year ended 30 June 2025 | - | - | - | 34,373 | 34,373 | - | 34,373 | 34,373 | |||||||
Total comprehensive income for the half year ended 30 June 2025 | - | - | - | 34,373 | 34,373 | 211,169 | 245,542 | 245,542 | |||||||
Balance as at 30 June 2025 - (Audited) | 1,023,175 | 289,636 | 60,904 | 631,792 | 982,332 | 12,037,708 | 13,020,040 | 14,043,215 | |||||||
Transaction with owners: | |||||||||||||||
Final dividend for the year ended 30 June 2025 at the rate of Rupees 2 per share | - | - | - | - | - | (2,969) | (2,969) | (2,969) | |||||||
Surplus related to freehold land disposed of during the year | - | - | - | (80,414) | (80,414) | 80,414 | - | - | |||||||
Profit for the half year ended 31 December 2025 | - | - | - | - | - | 742,454 | 742,454 | 742,454 | |||||||
Other comprehensive income for the half year ended 31 December 2025 | - | - | - | - | - | - | - | - | |||||||
Total comprehensive income for the half year ended 31 December 2025 | - | - | - | - | - | 742,454 | 742,454 | 742,454 | |||||||
Balance as at 31 December 2025 - (Un-audited) | 1,023,175 | 289,636 | 60,904 | 551,378 | 901,918 | 12,857,607 | 13,759,525 | 14,782,700 | |||||||
The annexed notes form an integral part of these condensed interim financial statements.
Faiq Jawed
Chief Executive Officer
Shaiq Jawed
Director
Khawaja Nadeem Abbas
Chief Financial Officer
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)FOR THE HALF YEAR ENDED 31 DECEMBER 2025
Half year ended
31 December 31 December
2025 2024
(RUPEES IN THOUSAND)
Cash flows from operating activities | |||
Cash (used in) / generated from operations | (544,870) | 823,266 | |
Finance cost paid | (643,908) | (1,169,963) | |
Mark-up paid on leases liabilities | (2,404) | (4,233) | |
Income tax and levy paid | (420,394) | (324,536) | |
Net increase in long term deposits | - | (16,041) | |
Workers' profit participation fund paid | (61,894) | - | |
Net cash used in operating activities | (1,673,470) | (691,507) | |
Cash flows from investing activities | |||
Capital expenditure on property, plant and equipment | (215,066) | (213,993) | |
Proceeds from sale of property, plant and equipment | 18,873 | 12,519 | |
Proceeds from sale of investments | 4,357 | 23,838 | |
Investments made | (94,429) | (326,050) | |
Profit on saving accounts and term deposit receipts received | 17,290 | 12,477 | |
Net cash used in investing activities | (268,975) | (491,209) | |
Cash flows from financing activities | |||
Proceeds from long term financing | - | 8,169 | |
Repayment of long term financing | (416,619) | (450,769) | |
Repayment of lease liabilities | (6,487) | (5,654) | |
Short term borrowings - net | 2,244,530 | 1,576,962 | |
Dividend paid | (2,860) | - | |
Net cash from financing activities | 1,818,564 | 1,128,708 | |
Net decrease in cash and cash equivalents | (123,881) | (54,008) | |
Net foreign exchange difference on translating bank balances | 714 | (6,144) | |
Cash and cash equivalents at the beginning of the period | 472,879 | 448,656 | |
Cash and cash equivalents at the end of the period | 349,712 | 388,504 | |
The annexed notes form an integral part of these condensed interim financial statements.