AUHA RABAD
Sugo r Mi Ils Li mited
The General Manager
Pakistan Stnc k I-.xch angc I zinttcd
Stock 1-.xcliaiigc Butlding Stock Lxcli.ingc Road Ifiarachi
SUBJECT: FINANCIAL RESULTS FOR SIX MONTHS ENDED JUNE 30, 2025
fi'e has c- to inform you that the Board cif Directors of our Company in their m‹-cung heltl i›n it edns sdai ,
_Iu1} 30, 2023 at 11.30 a m at US-B, Quaid e-Azam Industrial Estate, Cot Lakhpat, Lahore, has recommended tier follosuig
- CASH DIVIDEND
BONUS SHARES
RIGHT SI-IARES
ANY OTHER ENTITLEMENT/ CORPORATE ACTION
ANY OTHER PRICE SENSITIVE INFORMATION
NIL
NIL NIL NIL NIL
The unaudited Condensed interim Financial Results as approved by the Board of Directors along xvath Statement of Comprehensive Income, Statement of Financial Posinon, Statement of Changes in Equity and Statement of Cash Flows of the Company are attached herewith
The quarterly un-audited condensed interim financial statements of the Company for the Nine months ended J uen 30, 2025, xvdl be transmitted through PUCARS srparstely, tvitlun the specified rime
Thanking j on, Yours faith fully,
for Jauharabad S ills Limited
Company Secret
125-B. Gerte No 4.
Qunid-e-Aznin Industrial Estole, Kot Lnkhput, Lohoie
Pobmon.
Tet . + 92.42.3521.3491
JAUHARABAD sucAR MILLS LIMITED
Te +92 4M 720 063-66
Fos : + 92.42.35213490' F x +92 454 720 880
W e b : w w W . J s ii 1 . c o ii . p k
CamScanner
Condensed Interim Statement of Financial Position (Un-audited)
As at June 30, 2025
Un-audited Audited
Note
Jun 30
2025
Sep 30
2024
(Rupees in thousands)
Assets Non-current assets | ||||
Property, plant and equipment | 5 | 10,375,663 | 10,272,237 | |
Intangible assets | 26 | 35 | ||
Long term deposits | 5,257 | 5,257 | ||
Current assets | 10,380,946 | 10,277,529 | ||
Stores, spare parts and loose tools | 163,105 | 194,303 | ||
Stock-in-trade | 3,021,637 | 2,902,290 | ||
Loans and advances | 463,974 | 315,759 | ||
Trade debts - unsecured considered good | 1,440,315 | 53,028 | ||
Trade deposits and short term prepayments | 160,323 | 155,885 | ||
Other receivables | 22,221 | 22,221 | ||
Tax refunds due from the government | 267,979 | 186,811 | ||
Short term investments | 87,863 | 14,862 | ||
Cash and bank balances | 776,450 | 221,488 | ||
6,403,867 | 4,066,647 | |||
Total Assets | 16,784,813 | 14,344,176 | ||
The annexed notes 1 to 15 form an integral part of these condensed interim financial statements.
Lahore: | |||
July 30, 2025 | Chief Executive | Director | Chief Financial Officer |
12 | JSML 3rd Quarter 2025
Condensed Interim Statement of Financial Position (Un-audited)
As at June 30, 2025
Un-audited Audited
Note
Jun 30
2025
Sep 30
2024
(Rupees in thousands)
Share capital and reserves | |||
Authorized share capital | 700,000 | 700,000 | |
Share capital | 341,284 | 341,284 | |
Capital reserves: | |||
Share premium | 372,403 | 372,403 | |
Revenue reserves: | |||
Accumulated profits | 1,353,707 | 1,081,199 | |
Loan from sponsors | 1,341,736 | 1,383,836 | |
Revaluation surplus on property, | |||
plant and equipment -net of tax | 6 | 6,080,628 | 6,163,196 |
Total Equity Non-current liabilities | 9,489,758 | 9,341,918 | |
Liability against assets subject to finance lease | 88,165 | 790 | |
Deferred liabilities | 936,118 | 900,645 | |
Current liabilities | 1,024,283 | 901,435 | |
Trade and other payables | 584,305 | 1,177,345 | |
Unclaimed dividend | 1,794 | 1,797 | |
Current portion of: | |||
- Liability against assets subject to finance lease | 22,778 | 603 | |
Accrued mark-up | 195,581 | 117,886 | |
Short term borrowings - secured | 7 | 5,255,314 | 2,702,235 |
Provision for taxation | 210,999 | 100,956 | |
Contingencies and commitments | 8 | 6,270,771 | 4,100,822 |
16,784,813 | 14,344,176 | ||
The annexed notes 1 to 15 form an integral part of these condensed interim financial statements.
Lahore:
July 30, 2025
Chief Executive Director Chief Financial Officer
JSML 3rd Quarter 2025 | 13
Condensed Interim Statement of Comprehensive Income (Un-audited)
For the Nine Month Period Ended June 30, 2025
Nine month period ended Three month period ended
Note
2025
Jun 30
2024
2025
Jun 30
2024
(Rupees in thousands)
Sales - net 9 | 8,293,214 | 4,904,242 | 2,633,482 | 776,889 | |
Cost of sales 10 | (7,205,229) | (3,909,877) | (2,231,883) | (503,746) | |
Gross profit Operating expenses: | 1,087,985 | 994,365 | 401,599 | 273,143 | |
Administrative expenses | (197,088) | (182,891) | (55,063) | (33,842) | |
Distribution cost | (32,403) | (10,751) | (487) | (820) (34,662) | |
(229,491) | (193,642) | (55,550) | |||
Operating profit | 858,494 | 800,723 | 346,049 | 238,481 | |
Finance cost | (514,858) | (738,633) | (219,005) | (351,287) | |
Other income | 6,690 | 30,508 | 3,637 | 15,294 | |
Profit before taxation and levy | 350,325 | 92,598 | 130,681 | (97,512) | |
Levy | (48,795) | (61,346) | (2,256) | (57,922) | |
Profit before taxation | 301,530 | 31,252 | 128,425 | (155,434) | |
Taxation 11 | (111,590) | 79,510 | (58,519) | 87,828 | |
Profit after taxation | 189,940 | 110,762 | 69,906 | (67,606) | |
Earnings per share (Rupees) Basic & diluted | 5.57 | 3.25 | 2.05 | (1.98) | |
The annexed notes 1 to 15 form an integral part of these condensed interim financial statements.
Lahore:
July 30, 2025
Chief Executive Director Chief Financial Officer
14 | JSML 3rd Quarter 2025
Condensed Interim Statement of Other Comprehensive Income (Un-audited)
For the Nine Month Period Ended June 30, 2025
Nine month period ended
Jun 30
Three month Period ended
Jun 30
2025 2024 2025 2024
(Rupees in thousands)
Profit after taxation | 189,940 | 110,762 | 69,906 | (67,606) | |
Other comprehensive | |||||
income for the period | - | - | - | - | |
Total comprehensive | |||||
189,940 | 110,762 | 69,906 | |||
income for the period | (67,606) |
The annexed notes 1 to 15 form an integral part of these condensed interim financial statements.
Lahore:
July 30, 2025
Chief Executive Director Chief Financial Officer
JSML 3rd Quarter 2025 | 15
Condensed Interim Statement of Cash Flows (Un-audited)
For the Nine Month Period Ended June 30, 2025
Note
Nine month period ended Jun 30
2025 2024
(Rupees in thousands)
Cash flow from operating activities | ||||
Profit before taxation and levy | 350,325 | 92,598 | ||
Adjustments for: | ||||
Depreciation | 5.1 | 247,961 | 230,908 | |
Amortization | 9 | 13 | ||
Gain on disposal of property, plant and equipment | (10,651) | (2,828) | ||
Provision for WPPF | 18,548 | 4,913 | ||
Finance cost | 514,858 | 738,633 | ||
770,725 | 971,639 | |||
Profit before working capital changes | 1,121,051 | 1,064,237 | ||
Working capital changes | ||||
Stores, spare parts and loose tools | 31,198 | 120,931 | ||
Stock in trade | (119,347) | (4,493,820) | ||
Loans and advances | (148,216) | (171,300) | ||
Trade debts - unsecured considered good | (1,387,288) | (71,436) | ||
Trade deposits and short term prepayments | (4,438) | (6,197) | ||
Trade and other payables | (610,141) | (423,503) | ||
(2,238,232) | (5,045,325) | |||
Cash used in operations | (1,117,182) | (3,981,088) | ||
Finance cost paid | (437,020) | (518,684) | ||
Tax and levy paid | (96,036) | (102,098) | ||
WPPF paid | (1,447) | (14,013) | ||
Net cash used in operating activities | (1,651,685) | (4,615,883) | ||
The annexed notes 1 to 15 form an integral part of these condensed interim financial statements.
Lahore:
July 30, 2025
Chief Executive Director Chief Financial Officer
16 | JSML 3rd Quarter 2025
Condensed Interim Statement of Cash Flows (Un-audited)
For the Nine Month Period Ended June 30, 2025
Nine month period ended Jun 30
2025 2024
Cash and cash equivalents at the end of the period
(4,391,002)
(6,189,366)
Cash and cash equivalents comprise of following statement of financial position amounts:
(Rupees in thousands)
Cash flow from investing activities | |||
Addition to fixed assets | (221,951) | (310,001) | |
Long term deposits | - | (52,166) | |
Proceeds from sale of fixed assets | 19,215 | 5,581 | |
Net cash used in investing activities | (202,736) | (356,586) | |
Cash flow from financing activities | |||
Lease rentals paid | (28,593) | (1,884) | |
Dividend paid | (3) | (33,959) | |
Loan from associates | (42,100) | - | |
Net cash used in financing activities | (70,696) | (35,843) | |
Net decrease in cash and cash equivalents | (1,925,116) | (5,008,312) | |
Cash and cash equivalents at the beginning of the period | (2,465,885) | (1,181,054) | |
- Short term investments | 87,863 | 14,860 |
- Cash and bank balances | 776,450 | 270,490 |
- Short term borrowings | (5,255,314) | (6,474,716) |
(4,391,002) | (6,189,366) |
The annexed notes 1 to 15 form an integral part of these condensed interim financial statements.
Lahore:
July 30, 2025
Chief Executive Director Chief Financial Officer
JSML 3rd Quarter 2025 | 17
Condensed Interim Statement of Changes in Equity (Un-audited)
For the Nine Month Period Ended June 30, 2025
Share Capital
Share Premium
Accumulated profits
Loan from Sponsors
Revaluation Surplus
Total
- - | - - | 178,368 - | - - | - - | 178,368 - |
(Rupees in thousands)
Balance as on October 01, 2023 | 341,284 | 372,403 | 1,000,144 | 874,598 | 6,276,499 | 8,864,928 |
(audited) | ||||||
Profit after taxation | ||||||
Other comprehensive income for the period | ||||||
Total comprehensive |
income for the period - Transactions made during the period - | - - | 178,368 - | - - | - - | 178,368 - |
Transfer of incremental depreciation (net of tax) | - 56,652 | - (56,652) | - | ||
Final dividend paid for the year ended September 30, 2023 (Rs. 1 per share) | - (34,128) | - - | (34,128) | ||
Balance as on June 30, 2024 | |||||
- | |||||
- | |||||
341,284 | 372,403 | 1,201,036 | 874,598 | 6,219,847 | 9,009,168 |
Balance as on October 01, 2024 audited) | 341,284 | 372,403 | 1,081,199 | 1,383,836 | 6,163,196 | 9,341,918 |
Profit after taxation | - | - | 189,940 | - | - | 189,940 |
Other comprehensive income for the period | - | - | - | - | - | - |
Total comprehensive income for the period | - | - | 189,940 | - | - | 189,940 |
Transactions made during the period | - | - | - | (42,100) | - | (42,100) |
Transfer of incremental depreciation (net of tax) | - | - | 82,568 | - | (82,568) | - |
Balance as on | ||||||
(un-audited) | 341,284 | 372,403 | 1,353,707 | 1,341,736 | 6,080,628 | 9,489,758 |
un-audited)
June 30, 2025
The annexed notes 1 to 15 form an integral part of these condensed interim financial statements.
Lahore:
July 30, 2025
Chief Executive Director Chief Financial Officer
18 | JSML 3rd Quarter 2025