Financial Results of JSIL Funds for the Year Ended June 30, 2025 (PART-2)

Ref: Fin-Aug-25/

Aug 20, 2025

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Buildlng, StOCk Exchange Road, Karachi-74000, Pakistan.

JS IrJvestmen ts Limited "The Centre, 19th Floor, Plot No. 28, SB-5,

Abdullah I-laroon noad, Saddar Karachi-74400,

Pakistan. https://www.jsil.com

UAN: (+92 21) 111-222-626

We have to inform you that the Board of Directors of JS Investments Limited, the Management Company in their meeting held on Tuesday, August 19, 2025 at 3:00 PM at Karachi, approved the financial results of the following collective investment schemes for the year ended June 30, 2025.

i

Kindly acknowledge the receipt. Yours truly

COO & Company Secretary

J S GROWTH FUND

STATEMENT OF ASSETS AND LIABILITIE S AS AT JUNE 30, 2025

Assets

Balances with banrs Investments

2025 2024

- --Rupees---- -- -.-

229,985,406 231,391,U30

3,d41,827,741 2,445,108.327

PFofil and dMdend receivable

5,803,908

6,B26,417

beanees, deposits and olhef receivables Total Assets

21.621,742 10,254.921

3,699.238.797 2,693,582.695

Liabilities

Pa'able lo JS investments Limiled - I•anagement Company Payable to Oigital Custodian Company Limited - Trustee Payable against redemption of unils

Payable to the Securities and Exchange Commission of Pakistan Unclaimed dividend

Brokerage payable

Accrued expenses and other liabililies

64.715,877

287,396

281,823

106,903,444

2,221,354

5,783.450

63,184.586

222,052

47,688

197.575

413,056.932

10,945,423

7,799.010

Total Liabilities Net Assets

Unit holaers' funa (as per statement attached)

Contingencies and commitments

Number of uniu in issue

Net asset value per unil

180.193,344 195,453,26b

3,519.045,453 2.498,129,429

3.519.045,453 2,498,129.429

-- Number of units --- --

8,966.159 9,728,825

-- Rupees --- --- --

392.48 256.78

Yours truly

Muhammad Khawar Iqbal

COO & Company Secretary

J S GROWTH I-UN0 INCOME STATEMENT

FOR THE YEAR EHOED JUNE 30, 2025

2025 202S

- Rupees

Yours tr

COO & Company Secretary

J S GROWTH FUN0

STATEMENT OF COMPR£ HE NSIZE INCOME FOR THE YEAR ENDEO JUNE 30, 2025

2025 2024

Net income for he year aner taxañon Other coniprehensi'/e income for the year Total comprehensive income for the year

1,255, 659,588 1,1g7,645,775

1,2?5,659,586 1,197,645,775

Yours truly

Muhammad I'thawar Iqbal

COO & Company Secretary

IS investments

JS GROWTH FUND

STATEh4ENT 0£ MOVEMENT EH UNIT HOLDERS' FUND

FOR THE YEAR ENDED JU0E 30, 2025

net ee eets at the beginning of the yea

IS gU80CO Of 4,4 4t .177 08S8 (2024' 6,497.3*B ti0fl9)

• Cagitel veltje tet nel assel value per unit al the be g nning aI the year)

• Eiement oI income

  Totat praceede on iesuance of units

  Reel emplioo o{ S,2O3,803 untls t2£i2'4: 6,590, 0J 4 uObs}

• £apXal value (at neI asset velue per un ¥ st

  the beginning o f the year)

• Ela+r+em aI loss

  Total payments on redemption of units

  Total com9rehent+7c incorr+e for the yeer Dislridutân for the ›'eer ended June 30, 2025 on

  June 27, 202E @ Rs. I per un¥ (2024: on June 27, 2024

  @ Rs. 3 per un4)

  set ease te at the end of the year

  958,553,262 4.539, S7g,167 2.< 98,129,4 29 922,603,025 ? T0,276,60 1 1, 32,861,926

  1,514,523,27S

  1.51.523,27* 1,260,667,638

  947,899,T59

  312,768,079

1,197,E45.7 75 1,197,54?,7 75

(28,G07, 4I E) (28,607, 415)

867.976.984 2.651,066,469 3.519,b45,453 9S8,5T3.262 I .539.°'76.167 2.49B.129,429

Undistribute d Income brought forward

• Realised gaily

• Unrealised gain

  Accounting income availabIe for distrlbuT ion

• Aelaling to capital gams

  Distridulion Tar the year ended line 30, 202d oe

  Jun4 27, 2025 @ Rs. 1 per vnit (202a: on June 27, 2024

  UndieIributed incomg Carrie d for yyzr d

  Jndis tributed income carried for ward

  • Re aI s4d lienme

• iJnreatised incorrie

feet asset yalue per unit at lie beginning a f the year

* 18

1 3 3

l,539,fi78, ]67

1, 20,442,846 f,180,<42,846

(8,9Sg, 544)

2.651,06ft,469

578.631,10S

(Rupeee}

256.78

l,0fi7,904, 781

1,057,90 4,781

" 939, T62,640

601.393. 527

1,539,576, T67

‹Rup eee}

J 45.69

ttet essel value per unit al The and a f the yeer

Yours t

COO & Company Secretary

JS GROWTH FUND 5TA7EMENT OF CASH FLOW

FOR THE YEAR ENDEO JUNE 30, 2025

CA 5H FLOWS FROM OPERATING ACTIVITIES

2025

-- (Rupees) ---

2024

Net income for the year before taxation

Adjustments for:

Profit on savings accounts with banks Dividend income

Net Iealis ed gain on sale of investments

Net un£ealis ed appreciation on re-measurement of

classified as financial asset 'at fair value through proñt or loss'

Decrease / (increase) in assets

Investments - net

Advances, deposits and other receivables

(Decrease) / increase in liabilities

Payable to JS Investments Limited - f‹tanagement Company Payable Io Digital Custodian Company Limited - Trustee

Payable to the Securities and Exchange Commission of Pakistan (SECP)

Bf0l‹efage payable

Accrued expenses and olher liabililies

Profit received on bala0C8S With banks Dividend received

Net cash generated from operating activities

CASH FLOWS FROM FINANCING ACTIVITIES

Receipts against issuance and conversion of units Payment against redemption and conversion of units - net Dividend paid

Net cash generated from tinancing activities

fret increase in cash and cash equivalents

Cash and cash equivalenls at the beginning of the year

Cash anc cash equivalents at the end of the year

Yours truly

COO & Company Secretary

1,255, 659,588

(49,676,276)

(217,318,747)

(549,592,921)

(578,631,105) (13g,559,461)

131,504, 12 (11,3G6,821) 120,137,791

1,531,291

65,344

84,248

(8,724,069)

(2,015,560)

(3,058,746)

52,473,200

215,546,332 230,539,116

1,514,523,275

(1,740,363,983)

(15,104,032)

(240,944,740)

(1,d05,624) 231,391,030

229,985,406

1,197,545,775

(G1,708,837)

(158,159,597)

(4C2,242,879)

(601,393,527) (85,659,0G5)

(20,412,205;

(20 412,205)

4,678,822

71,880 (1G1,597)

10,813,600

6,500,732

21,903,437

58,611,985

157,382,521

131. 26,b73

1,260,667,638

1,364,4 58,395

19,989,045)

(123,779,802)

7,846,871

223,544,153

231 91 0 0

JS ISLAMIC FUND

STATEMENT OF ASSETS AND LIABILITIES AS A'T JUNE 30, 2025

Assets

Ealatices with banks

hives tments

Bank prriht receivable

Security deposits O tlaer receivables Total assets

Liabilities

J••ne 30, June 30,

2025 2024

-----------Rupees-----------

447,951,234 295,083,102

Annual fee payable to tlae Securities and Exchange Commission

Number of units in issue

Net asset value per unit

-------Numbers in units------

1,993,037 2,005,157

-----------Rupees-----------

217.67 141.93

Youi's truly

COO & Company Secretary

JS I SLAIVH C FUND

IT•'TC OME STATEMET•'tT

Income

lNet r ealiz ed gairr on sale of investments a I fair value through

get urirealis ed getn on re-measurement of investments at fair value dirougla r cifit or loss

Dividend incorrie

Return on bank deposits

O ther income Total income Expenses

T

'2025 02

-----Rupees-----

1GG,282,0S7 137,5G0,428

Rerriuneration to the Ccntral Repository Company of l°akist':n

Income alreacly mid On units redeemed

Accounting income available for distribution

• Relating to capital gnin

  
  
  

• Excluding capital loss

  
  
  

  Yours triil

  Muhammad Kliawar Iqbal COO & Company Secretary

  (38,883,766) (22,059,489)

  J07,9G8,80I 103,270,598

  148,052,144	120,070,202
  (40,083,343}	§1G,799,504)

  107,9G8,801 1U3,270,598

  JS investments

  JS ISLAMIC PUND

  STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025

  Net income for the year after taxation

  O ther comprehensive income for the year Total comprehensive income for the year

  
  
  
  
  
  

  Muhammad Illiawar Iqbal COO & Company Secretary

  June 30, June 30,

  2025 2024

  -----------Rupees-----------146,852,567 i 25,330,4 87

  146,852,567 125,330,4 57

  JS ISLAMIC FWD STATEMEl'fT OF CASH FLOW

  FOR THE YEAR ENDED JUNE 30, 2025

  CASH FLows rxom orunn+IxG AcvrwTIES

  June 30, June 30,

  2025 2024

  -----------R•rees-----------

  Set income for die year k'efr re taxation

  Adj ustinents for:

  r«ot baik balances

  Dividend income

  Set realized gain on sale c'f investments at fair value through profit or loss

  Net unrealised gain on re-iiieasurement of investments at fair value through profit or loss

  Operating loss before working capital changes

  Increase in assets Investments net O ther reccivaLles

  Increase /(decrease) in liabiliti es

  Payahle to JS Investments Limited - Management Company Payable to Central Depository Company of I'a1cistan Limited -Tms 7annal fee rayable to the SEC1°

  Accrued ancl other liabilities

  Profit received on baulk derosits Dividend received

  Net cash (used in) / generated from operating activities

  I' fET CASH FLOWS FROM FINANCING ACTIVITIES

  Proceeds frorri issue of units

  rayrricnts on redc r • of units dividend Paid

  146,852,567

  (3,041,511)	(2,707,679)
  (14,015,183)	(14,262,016)
  (102,361,540)	(75,675,527)
  (45,690,604)	4,394675)

  (28,987,622)	25,503,022
  995,684	8,186,231

  (165,108,838)

  393,C41	244,582
  35,248	12,670
  11,776	(25774)
  3,177,804	319,060

  (27,991,938)

  3,086,469	2,593,000
  14,015,183	14,262,010

  3,618,469

  17,101,652

  296,205,296	107,5S7,9S0
  (291,823,011)	(52,028,S24)
  (1,985,189)

  (25,528,088)

  125,330,187

  1S7,0S9897)

  33,689,253

  550,538

  17,155,016

  39,685,097

  Inlet cash generated from / (used in) financing activiti es	2,397,096	(24,490,394)
  Set (decrease) / increase in cash and cash equivalents	(23,130,992)	15,194,703
  €."ash and cash ec[uiva1ents at begiriiiing of the year	32,417,870	17,223,167
  Cash and cash equivalents at end of the year	9,286,878	32,417,870

  OUt'S t1'

  
  
  
  
  
  

  Muham mad Khaivar Iqbal COO & Company Secretary

  j/JSinvestments

  JS ISLAMIC FUI"JD

  STATEMENT OF MOVEMENT IN UNIT HOLDERS' PUND FOR THE YEAR ENDED JUNE 30, 2025

  For the year ended }itne 30, 2025	h'‹›t the yes endecl juice TO, 2024

  ------------------------------Rupees-------------------------------

  
  
  

  Net asseIs ;it beginning of the year

  500,408,447 9H,82S,565) 284,582,882 502,839,352 {319,096,263) 183,743,089

  209,779,943		209,779,943	79,120,859		79,120,859
  86,425,353		86,425,353	28,4t7,071		28,417,071

  
  
  

  296,205,296

  107,537,fi30

  Redempñon ‹at 4,490,24 9 (2024: 4,47G,808 units)
  - Capital value (at net is sct value per unit at +fie beginning of the year)	(2t1,S00,120)		(2r1,S00,120)	{97,216, 789)		{97,24 6,789)
  - Amount p'ud out of element of incomc		(38,88$,7H)	(3Q883,7G6)		(22,059,489i	(22,059,489)
  - Ifilement of loss	{41,4$9,W)		{4W9 125)	(12,75?,046)		(12,752,046)
  Total payments on redemption of unjts	(2S2,9$9,245)	(38,883,766)	(2si,8M,011)	(409,968,835)	(22,0S9,489)	{432,028,324)
  Distribufioii during the year Total comprehensive income/(loss) for the year	-	{1,98S,189) 146,852,567	(1,S85,189) 146,852,567	-	425,330,187	125,330,187
  Net assete at cod of the year S43,67 498 (10S,841,9S3) 433,832,S4S 500,408,447 {2J 5,82S,565) 284,S82,882

  
  
  

  Undistributed loss brought fonvatd

  -. - lteallecd loss

  ' - Unreal tried loss

  , Accounting metric ava iJabJe for distñbution

  • ltelafing ro capital gain

  • E*xc]ciding capital 1oss

    " Net incrJcne / $ oss) clv ting fhe year

    Distribu finn during Tie year

    Undistributed loss carried forward Undistributed loss cacried forward

  • Realized Ioss

  • U iirealined gain / {joss)

0 3 )

IO7,68,801

t46,852,SG7

(JS5,532,S57)

45,G90,G04

ft09,84t,9S3)

14£93

2t7.67

02 0

8 70

(349,096,263)

0 0 0 2 2

7 50

105,Z/0,G98

125,330,187

2t5,825 5G/

(260,22£1,240)

44,394,575

(2J5 825,565)

(TI+i}oees)

82.GI

141.93

Yours truly

Muham mad Khswar Iqbal

COO & Company Secretary

J>:investments

JS FUND OF FUNDS

STATEMENT OF ASSETS AND LIABILITIES

US AT JUNE 30, 2025

2025 2024

Rupees

------------- Number of units ------------

NUMBERS OF UNITS IN ISSUE

16,847,918

----------Rupees----------

NET ASSET VALUE PER UNIT

Muham mad Khawar Iqbal COO & Company Secretary

133.41

103.63

JS FUND OF FUNDS

INCOME STATEMENT

FOR THE YEAR ENDED JUNE 30, 2025

2025

Rupe es

2024

- Excluding capital gains

Muham mad Khawar Iqbal COO & Company Secretary

(155,436,377) (55,416,991)

89,291,952 123,661,241

JS FUND OF FUNDS

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025

2025

-----•---•--•----- Rupees ---

2024

YOt

Muhammad Kliawai- Iqba I COO & Company Secretary

JS FUND OF FUNDS CASH FLOW STAT EMENT

FOR THE YEAR ENDED JUNE 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

2025 2024

Rupees

Net income for the year before taxation

Adjustments for:

Gain on sale of investments - net

Unrealised appreciation on re-measurement of investments

classified as financial assets 'at fair value through profit or loss' - net Dividend income

Profit on bank balances

Other income

Increase in assets

Investments - net

(Decrease) / increase in liabilities

Payable to JS Investments Limited - Management Company

Payable to Central Depository Company of Pakistan Limited - Trustee Payable to the Securities and Exchange Commission of Pakistan (SECF Payable against purchase of investments

Accrued expenses and other liabilities

Profit received on savings accounts with banks Dividend income received

Net cash used in operating activities

CASH FLOWS FROM FINANCING ACT IVITIES

Dividend paid

Receipts against issuance of units Payments against redemption of units

Net cash generated from financing activities

Net (decrease) / increase in cash and cash equiv alents

Yours truly

Cash and cash equivalents at the beginning of the year Cash and cash equivalents at end of the year

281,901,971

(241,494,356)

(3,233,973)

(37,647,453)

(8,530,791)

(290,906,573)

61 89,243)

(28,010)

159,482

111,492

(88,587,304)

5,123,192

(1,161,389,243)

(83,221,148)

8,757,167

37,895,501

(1,206,962,325)

(25,084,979)

2,185,303,863 (1,031,333,90T) 1,128,884,977

(78,077,348)

145,273,044

67,195,696

202,155,060

(127,258,410)

(51,819,822)

(20,874,067)

(7,238,374)

(116,000)

(207,306,673)

24 623 68

(241,623,681)

60,616

89,687

10,079

48,472,604

(144,024)

48,488,962

6,283,102

20,626,019 (171,377,211)

682,782,497

(408,671,663)

274,110,834

102,733,623

42,539,421

145,273,044

Muhammad Khawar lqbnl COO & Company Secretary

J6 investments

JS FUND OF FUNDS

STATEMENT OF MOVEMENT IN UNIT HOLDERS' FUND

FOR THE YEAR ENDED JUNE 30, 2025

NeI a sse ts aI the be ginning of the ye ar

703,501, 4 22 133,319,505 836,820,927

350,896,769 9,656, 264 360,55 5,0'33

Issuance of 16,807,355 (2024: 7,591,761) units

• Capital oIue (at net asset oIue per unit al the beginning of the year)

• Element of income

  Total proceeds on issuance of units

  Redemplion of 8,034,162 (2024 : 5,246,431) units

  (83Z, 080,208		(832, 580, 208	(330,157,003		(330,157,903
  (6,143, 680)	(192,610,04 9	(190,753, 699	(19,941	(78,493,819	(78, i13,760

• Capital value (at net asset yaIue per unit al the beginning of the year)

• Element of loss

2,185,304, 007

2, 485,304, 007

682,782,497

682,782, 497

May 26, 2025 @ Rs. 0.5 per unit ReMnd of capital

Distribulion for lhe year ended June 30, 2025 on

June 27, 2025 @ Rs. 1 per unit ReMnd of capilal

(16,741,101) (16,741,101)

(144) (144)

Net assets at the end of the year

Undistributed income brought forward:

• Realised income

• Unrealised income

  Accounting income ava ila ble for distribution

• Relating lo capital gains

• Excluding capital gains

  Distribution for the y ear ended June 30, 2025 on May 26, 2025 @ Rs. 0.5 per unil

  Distribution for the y ear ended June 30, 2025 on June 27, 2025 @ Rs. 1 per unit

  Undistributed income carried forward Undistributed income carried forward:

• Realised income

• Unrealised income

2,050, 0B 4 , 397

197,526,478 2,247,607,875

81,499,683

51, 619,822

133,319,505

244 28 329

(1 5 436 377

89,291, 052

(8, 343, 878)

(16,741,101)

197,526, 478

194, 292, 505

3,233,973

197,526, 478

Rupeee

703,501,422 133,319,505 836,820,927

8,127,085

1,531,179

9,658, 264

179 78 32

16 91

123,661,241

133,319,505

8 ,499, 683

51,819,822

133,318, 505

Rupee s

NOUfS tFtt1}

Net acset value per unit at the beginning of the year Net asset value per unit at the end of the year

103.63

133. 41

62.93

103.63

COO & Company Secretary

JS ISLAMIC INCOME FUN0

STATEMENT OF ASSETS AhO LIABILITIES

AS AT JUNE 30, 2025

ASSETS

Oank balances lnveslnlenls Profit receivable

A&ances, deposits and prepayments Total assets

" t025 " 2024

- Rupees------ - --

532,336,691

1,100.096,800

18,G02,300

3.148,580

397.371,957

486.223,200

30.949,275

3,017.289

1,654,184,571 g17,561,721

LIABILITIES

Payable to JS Investments Limited - t‹lanagenient Company Payable to Digital Cuslodian Company Limited - TfUS(98

Payable to the Securities and Exchange Commission of Pakistan (SECP}

Payable against redemption and conversion of units

unclaimed dividend

Accrued expenses and olhe‹ liabilities

3,658,2G3

121,G45

105,803

66,322

18.494,511

2.016,035

60,466

53,510

5,G73,534

66.322

12,978.351

Total liabilities

NET ASSETS

UHIT HOLDERS' FUN0 {AS PER STATEMENT ATTACHED)

CONTINGENCIES AND COMMITMENTS

NUMBER OF UNITS IN ISSUE

NET ASSET VALUE PER UNiT

22,486,544 20,848.298

1,631,688,027 996,713.423

1.631,698,02 7 896,7 13,423

(Number of units) ---

15,315,066 8.430 277

-- (Rupees) ----------

106.54 10G37

Yours truly

Muhammad Ithawar Iqbal

COO & Company Secretary

JS ISLAIYIIC IHCOME FUND INCOME STATEMENT

FOR THE YEAR ENDEO JUNE 30, 2025

20WT 2024

--Rupees---- -

Muhammad Khaivar IqbaJ

COO & Company Secretary

JS investments

JS ISLAMIC IkCOME FUND

STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENOED JUfJE 30, 2025

Yours truly

Muhammad Khawar Iqbal

COO & Company Secretary

JS investments

JS ISLAMIC INCOME FUND

CASH FLOW SSATEMENT

fORTHE ¥EARENOEDJUNE30,2025

CASH FLOWS FROM FINANCING ACTIVITIES

Muhammad Khawar Iqbal

COO & Company Secretary