LUCKY CORE INDUSTRIES
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building,
Stock Exchange Road, Karachi.
Dear Sir,
FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2025
Lucky Core Industries Limited
5 West Wharf, Karachi 74000
T •92 21 8231 3717-22
UAN 11 100 200
https://www.Iuckycore.com
July 31, 2025
LCI/ComSec/36/2025
We wish to inform you that the Board of Directors of Lucky Core Industries Limited ("the Company") in their meeting held on July 31, 2025 has approved the Annual Audited Financial Statements of the Company for the year ended June 30, 2025 and is pleased to announce the consolidated and un-consolidated results of the same which are attached as Annexure "A-1 to A-4" and "D-1 to B-4" respectively.
DIVIDEND
The Board of Directors has recommended a final cash dividend in respect of the financial year ended June 30, 2025 at the rate of 310% (i.e. PKR 6.20/- per share of PKR 2/- each). This is in addition to the interim cash dividend of 340% (i.e. PKR 34/- per share of PKR 10/- each) already paid (prior to the stock split).
The final dividend entitlement, if approved by the shareholders will be paid to those shareholders whose names will appear in the Register of Members on September 19, 2025 (close of business).
FINANCI AI RESULTS
Attached as "Annexure - A-1 to A-4" (consolidated result) and "Annexure - BI to B-4" (un-consolidated result).
FINANCIAL RESULTS - OVERVIEW
On a consolidated basis (including the result of the Company's subsidiary Lucky Core PowerGen Limited), the Net Turnover for the year under review at PKR 119,941 million is 1% lower than the same period last year (SPLY). Whereas the Operating Result at PKR 18,031 million is higher by 5% in comparison to the SPLY.
On a consolidated basis, Profit After Tax (PAT) for the year under review at PKR 11,757 million is 5% higher than the SPLY, whereas Earning Per Share (EPS) attributable to the owners of the holding company at PKR 25.46 is 5% higher than the SPLY. EPS has been restated to reflect the subdivision of the face value of the ordinary shares of the Company from PKR 10/- per share to PKR 02/- per share. The regulatory formalities to give effect to the stock split were completed after the close of the financial year, on July 19, 2025.
On a standalone basis, PAT and EPS for the year under review at PKR 11,638 million and PKR 25.20 respectively are 4% higher than the SPLY. As stated above, the EPS for the year has been restated to reflect the subdivision of the face value of the ordinary shares of the Company from PKR 10/- per share to PKR 02/- per share.
While economic conditions during the year showed signs of improvement, underpinned by easing inflation, a relatively stable Pak Rupee, and a significant reduction in interest rates, the overall operating environiiient remained difficult. Elevated energy tariffs and a high tax burden continued to exert pressure on input costs, which, combined with weak consumer purchasing power, contributed to subdued demand across key sectors.
YBG
LUCKY CO RE TND USTR1ES
Lucky Core Industries Limited
ANNt AL GEN ERAL MEETING
The Annual General Meeting of the Company will be held on Friday, September 26, 2025, at 10:30 a.in. at 5 West Wharf. Karachi and through video conferencing. The Share Transfer Books of the Company will remain closed fi oiri Septeiaaber 20, 2025 to September 2fi, 2025 (both days inclusive). Transfers received in order at the office of our Share Registrar, FAMCO Share Re:'istrotion Services (Private) Limited, -8 F, next to Hotel I a ran, Nursery, Block - 6, 1°.E C.H S., Shaliiali-e-I aisal, Karachi, by the close of business day on September 19, 2025 will be consi dered in time to entitle the transferees to tlje final cash dividend and to attend the Annual General Meeting.
The Annual Report of the Company will be transmitted through P UCARS at least 21 days before the holding of iinual General Meeting and s1iaI1 also be made ay ailable on Company s websi te www'.luckvcore.come
You may infcinii the TRE Certificate holders of the Exchange accordingly.
Lill Blaalia Baivany Company Secrctar y
Encl: As above.
Cc: The Commissioner Coirrpany Law Division
Securities & Exchange ColTnnission of Pakistan, NIC Building, Jinnali Avenue, Blue Area, Islamabad.
Director / HOD
Sur›'eillance, Supervision and Enforceiiient Department
Securities & Exchange Coiiainission of Pakistan. NIC Building, .Iinnah Avenue, Blue Sea, Islamabad.
LUCKY CORE INDUSTRIES
LUCKY CORE INDUSTRIES LIMITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
Lucky Core TndusGies Limited
Annexure - A1
For the year For the year ended ended
June 30, June 30,
2025 2024
----•--------(PKR in '000)----------
Net turnover | 119,940,714 | 120,635,402 | |
Cost of sales | (92,487,496) | (93,641,106) | |
Gross profit | 27,453,218 | 26,994,296 | |
Selling and distribution expenses | (7,175,071) | (7,309,569) | |
Administration and general expenses | (2,247,567) | (2,430,639) | |
Operating profit | 18,030,580 | 17,254,088 | |
Other charges | (887,079) | (837,659) | |
Gain on bargain purchase | 292,555 | ||
Finance costs | (2,210,457) | (3,538,040) | |
Exchange (loss) / gain | (56,087) | 116,307 | |
(2,861,068) | (4,259,392) | ||
Other income | 3,444,424 | 3,637,427 | |
Share of profs / (loss) from associate | 19,272 | (167,649) | |
Profit before final taxes and income taxes | 18,633,208 | 16,464,474 | |
Taxation - Final taxes | (14,184) | (845,505) | |
Profit before income tax Taxation - Income tax | 18,619,024 | 15,618,869 | |
Current | |||
Deferred | |||
(6,861,839) | (4,456,005) | ||
Profit for the year | 11,757,185 | 11,162,964 | |
Attributable to: | |||
Equity holders of the Holding Company | 11,757,122 | 11,150,545 | |
Non-controlling interests | 63 | 12,419 | |
11,757,185 | 11,162,964 | ||
Basic and diluted earnings per share (PKR)
_ 25.46
(Restated)
(5,031,591) | (4,846,459) |
(1,830,248) | 390,454 |
24.15
LUCKY CORE INDUSTRIES
LUCKY CORE INDUSTRIES LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
ASSETS
Annexure - A2June 30, June 30,
2025 2024
••••-•-•-••-(PKR in 'OO0)-••••-• ••
Non-current assets Property, plant and ajuipment Intangible assets
Right-of-use assets
Long-term investments Long-term loans
Long-term deposits and other assets
Current assets
Stores, spares and consumables Stock-in-trade
Trade debts
Loans and advances
Short-term deposits and prepayments Other receivables
Short-term investments Cash and bank balances
Total assets
EQUITY AND LIABILITIES
Share capital and reserves Authorised capital
1,500,000,000 (June 30. 2024: 1,500,000,000)
ordinary shares of PKR 10 each
Issued, subscribed and paid-up capital
Capital reserves
Revenue reserve - unappropriated profit
Attributable to the equity holders of the Holding Company Non-contrdling interests
Total equity
Hon•current liabilities Staft retirement benefits Long-term loans
Lease liabilities
Deferred income - government grant Deferred tax liability - net
Current liabilities Trade and other payables Accrued mark-up
Short-term financing Taxation - net
Current portion of long-term loans Current portion of lease liabilities
Current portion of deferred income - govenment grant
Unclaimed diydend
Total equity and liabilities
Gontin9encies and Commitments
38,813,78B
3,115,931
368,211 42,297,930
10,846,537
877,213
850,669
12,574,419
54,872,349
3,533,309
17,134.770
5,068.742
1,258,230
833,129
1,426,023
18,733,115
1,469,482
49.456.800
104,329,149
15,000,000
923,591
18,309,643
35,748,582 54,981,816
40,TBB 54,992,604
153,591
9,539,945
307,146
477.833
74O5,2M
17,883,779
15,720,159
942,298
10,507,093
2,289,475
1,573, 68
81,649
1 1,122
157,102
31,452,766
104,3ZS,149
29,929,796
1,682,954
182,457
31,795,207
10,827,265
807,512
287,883
11,922,660
43,717,867
5,g04,B51
15,466,376
5,593,143
1,043,727
1,051,893
2,220,907
15,006,217
2,280,272
48,657,386
92,375,253
15,000,000
923,591
18,308,643
30,213,786
49,447,020
10,725
49,457,745
3 3 5,549
3,986,348
157,478
658,955
5,596.926
10.515,256
14,311,951
576,227
11,734,504
4,490,277
909,446
38,547
204,473
136,827
32,402,252
92.375.253
(,YBG
LUCKY CORE INDUSTRIES
LUCKY CORE INDUSTRIES LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025
Annexure - A3
(3,047,848) | {3,047,848) | (3,047,848) |
(2,493,695 | (2,493,685 | (2,493,695) |
Balance as at July 1, 2023 | 923,591 | 309,643 | --(PKR in '000 42,45e,O96 | 42,767,739 | ---•-- 262,906 | 43,954,236 | ||
Profit for the year | ||||||||
Other comprehensive income for tha year - net of tax | ||||||||
Total comprehensive income for the year | - | - | 11,297,233 | 11,297,233 | 12,419 | 11,309,652 | ||
Transfer to capital reserves | 18,000,000 | (18,000,000) | ||||||
Buy back of shares | (264,600) | {264,600) | ||||||
Transactions wG the owners: | ||||||||
Final dividend for the year ended June 30, 2023 | ||||||||
@ PKR 33 per share Inleñm dividend for the year ended June 30, 2024 @ PKR 27 per share | ||||||||
(5,541,543) | (5,541,543) | (5,541,543) | ||||||
Balance as at June 30, 2024 | 923,59t | 18,309,643 | 30,213,786 | 48,523,429 | 10,725 | 4g,457,745 | ||
Profil for the year Other comprehensive loss for the year - net of tax | 34 2 | 4 2 g | 6 | 34 26 | ||||
Total comprehensive income for the year | - | - | 11,722,B53 | 31,?'22,853 | 63 | 11,7Z2,916 | ||
Transac ons with the owners:
(3,047,B49) | (3,047,849 | (3,047, B48) | |
(3,140,208) | (3.140,208] | (3,140,208] |
Final dividend for the year ended June 30, 2024
@ PKR 33 per share
lntedm dividend for the year ended June 30, 2025
@ PKR 34 per share
Revenue
(6,1B8,057) | (6,18B,057) | (6,1B8,057) | ||||
Balance as at June 3O, 2025 | 923,593 | 18,309Daa | J5,7A8,582 | 54,058,225 | 10,788 | 54,g92,604 |
YBC
LUCKY CORE INDUSTRIES
LUCKY CORE INDUSTRIES LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations Payments for:
Staff retirement benefit plans
Non-m anagement staff gratuity and eligible retired employees' medical scheme
Income taxes Final taxes
Interest on loans / finances
Net cash generated from operating activities
Annexure - A4
For the year For the year ended ended
June 30, June 30,
2025 2024
-------------(PKR in '000) '
25,166,058 24,203,964
(72,293) (70,289)(49,388) (43,721)
(7,276,213) (4,651,771)
(14,184) (845,505)
(1,862,256) (3,579,265) 15,891,724 15,013,413
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Capital expenditure | (9,097,325) | (5,520,393) | |
Payment for acquisition of business | (5,000,000) | ||
Proceeds from disposal of operating fixed assets | 287,423 | 61,799 | |
Interest income received | 63,754 | 451,659 | |
Income from disposal of short term investments | 2,246,799 | ||
Dividend received on short term investments | 29,099 | 2,749,255 | |
Net cash used in investing activities | (11,470,250) | (2,257,680) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Buy-back of shares of subsidiary by non-controlling interests | (264,600) | ||
Export refinance facility (repaid) / obtained | (2,117,578) | 638,000 | |
Long-term loans obtained | 7,140,550 | 1,089,485 | |
Long-term loans repaid | (1,127,004) | (1,099,223) | |
Payment of lease liabilities | (123,719) | (101,900) | |
Dividends paid | (6,167,782) | (5,529,246) | |
Short term running finance obtained / (repaid) | 890,167 | (3,904,143) | |
Net cash used in financing activities | (1,505,366) | (9,171,627) | |
Net increase in cash and cash equivalents | 2,916,108 | 3,584,106 | |
Cash and cash equivalents at the beginning of the year | 17,286,489 | 13,702,383 | |
Cash and cash equivalents at the end of the year | 20,202,597 | 17,286,489 | |
Cash and cash equivalents at the end of the year comprise of: | |||
Cash and bank balances | 1,469,482 | 2,280,272 | |
Short-term investments
18,733,115 15,006,217
20,202,597 17,286,489
YBG
LUC K+ CO RE IN DUSTR IES
LUCKY CORE INDUSTRIES LIMITED UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED vuNE 30, 2025
Net turnover Cost of sales Gross profit
Selling and distribution expenses Administration and general expenses Operating profit
Other charges
Gain on bargain purchase
Finance costs
Exchange (loss) / gain
An nexure - B1
For the For the
year ended year ended
June 30, 2025 June 30, 2024
•--•---•••-••••••(PKR in '000)--•--•••••-------
120,013,160 120,460,326
(92,672,747) (93,569,389)
27,340,413 26,890,937
(7,175,071) (7,309,569)
(2,245,039) (2,430,573)
(878,687)
292,555
(2,210,457)
(58,853)
(831,228)
(3,537,031 )
117,059
17,920,303 17,150,795
Other income
Profit before final taxes and income taxes Taxation - Final taxes
Profit before income tax Taxation - Income tax
Current Deferred
Profit for the year
Basic and diluted earnings per share (PKR)
(2,855,442)
3,440,472
18,505,333
(13,503)
(5,030,688)
(1,822,732)
18,491,830
(6,853,420)
11,638,410
25.20
(4,251,200)
3,601,392
16,500,988
(840,758)
15,660,230
(4,845,205)
325,192
(4,520,013)
11,140,217
(Restated)
24.12
LUCKY CORE INDUSTRIES | ||
Annexure - B2 | ||
LUCKY CORE INDUSTRIES LIMITED | ||
UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION | ||
AS AT JUNE 30, 2025 | ||
June 30, | June 30, | |
2025 | 2024 | |
| in '00O)•••••••-••---•--' | |
ASSETS | ||
Non-current assets | ||
Property, plant and equipment | 38,637,751 | 29,766,513 |
Intangible assets | 3,115,931 | 1,682,954 |
Right-of-use assets | 368,211 | 182.457 |
42,121,893 | 31,631,924 | |
Long-term investments | 2,412,491 | 2,412,491 |
Long-term loans | 874,088 | 803,868 |
Long-term deposits and other assets | 848,282 | 287,883 |
4,134,861 | 3,504,242 | |
Current assets | 46,256,754 | 35,136,166 |
Stores, spares and consumables | 3,450,363 | 5,915,O26 |
Stock-in-trade | 16,936,871 | 15,395,391 |
Trade debts | 5,043,132 | 5,575,305 |
Loans and advances | 1,252,652 | 1,028,988 |
Short-term deposits and prepayments | 825,220 | 1,051,790 |
Other receivables | 1,378,320 | 2,209.662 |
Short-term investments | 18,711,368 | 14,984,879 |
Cash and bank balances | 1,223,940 | 2,264,527 |
48,821,866 | 48,429,568 | |
Total assets | 95,078,620 | 83,565,734 |
EQUITY AND LIABILITIES | ||
Share capital and reserves | ||
Authorised capital | ||
1,500,000,000 (June 30, 2024: 1,500,000,000) ordinary shares of PKR 10 (June 30, 2024: PKR 10) each | 15,000,000 | 15,000,000 |
Issued, subscribed and paid-up capital | 923,591 | 923,591 |
Capital reserves | 18,309,643 | 18,309,643 |
Revenue reserve - unappropriated profit | 29,758,856 | 24,342,772 |
Total equity | 48,992,090 | 43,576,006 |
Non•current liabilities | ||
Staff retirement benefits | 152,026 | 113,984 |
Long-term loans | 9,539,945 | 3,986,348 |
Lease liabilities | 307,146 | 157,478 |
Deferred income - government grant | 477,833 | 658,955 |
Deferred tax liability - net | 3,918,753 | 2,117,931 |
14,395,703 | 7,034,696 | |
Current liabilities | ||
Trade and other payables | 15,972,525 | 14,878,140 |
Accrued mark-up | 942,298 | 576,227 |
Short-term financing | 10,507,093 | 11,734,504 |
Taxation - net | 2,275,170 | 4,476,868 |
Current portion of long-term loans | 1,573,868 | 909,446 |
Current portion of lease liabilities | 81,649 | 38,547 |
Current portion of deferred income - government grant | 181,122 | 204,473 |
Unclaimed dividend | 157,102 | 136,827 |
31,690,827 | 32,955, 032 | |
Total equity and liabilities | 95,078,620 | 83,565,734 |
Contingencies and Commitments | ||
YBC | ||
LUCKY CORE INDUSTRIES LIMITED
UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED JUNE 30, 2025
Issued, subscribed and paid-up capital
Annexure - B3
Revenue
Capital reserve -
reserves unappropriate Total d
profit
----------------------------------(PKR in '000) '
Balance as at July 1, 2023 | 923,591 | 309,643 | 36,597,410 | 37,830,644 | ||||
Profit for the year | 11,140,217 | 11,140,217 | ||||||
Other comprehensive income for the year - net of tax | 146,688 | 146,688 | ||||||
Total comprehensive income for the year | 11,286,905 | 11,286,905 | ||||||
Transfer to capital reserves | 18,000,000 | (18,000,000) | ||||||
Transactions with owners | ||||||||
Final dividend for the year ended June 30, 2023 @ PKR 33 per share Interim dividend for the year ended June 30, 2024 | (3,047,848) | (3,047,848) | ||||||
@ PKR 27 per share | (2,493,695) | (2,493,695) | ||||||
(5,541,543) | (5,541,543) | |||||||
Balance as at June 30, 2024 923,591 | 18,309,643 | 24,342,772 | 43,576,006 | |||||
Profit for the year | 11,638,410 | 11,638,410 | |||
Other comprehensive loss for the year - net of tax | (34,269) | (34,269) | |||
Total comprehensive income for the year | 11,604,141 | 11,604,141 |
Transactions with owners
(3,047,849) | (3,047,849) | |
(3,140,208) | (3,140,208) | |
(6,188,057) | (6,188,057) | |
29,758,856 | 48,992,090 |
Final dividend for the year ended June 30, 2024 @ PKR 33 per share
Interim dividend for the year ended June 30, 2025 @ PKR 34 per share
Balance as at June 30, 2025
YBG
LUCKY CORE INDUSTRIES LIMITED UNCONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025
Annexure - B4
For the For the
year ended year ended
June 30, 2025 June 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES | |||
cash generated from operations | 24,852,538 | 23,661,400 | |
Payments for: | |||
Staff retirement benefit plans | (72,293) | (70,289) | |
Non-management staff gratuity and eligible retired employees' | |||
medical scheme | (49,388) | (43,721) | |
Income taxes | (7,276,206) | (4,651,773) | |
Final taxes | (13,503) | (840,758) | |
Interest on loans / finances | (1,845,012) | (3,342.135) | |
Net cash generated from operating activities | 15,596,136 | 14,712.724 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Capital expenditure | (9,029,217) | (5,413,889) | |
Paym ent for acquisition of business | (5,000,000) | ||
Proceeds from disposal of operating fixed assets | 287,423 | 61,799 | |
Interest income received | 63,753 | 451,658 | |
Divestment in subsidiaries Income from disposal of short term investment | 2,246,795 | 275,400 | |
Dividend received on short term investments | 26,378 | 2,717,636 | |
Net cash used in investing activities | (11,404,868) | (1,907,396) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Payment of lease liabilities | (123,719) | (101,900) | |
Exgort refinance facility (repaid) / obtained | (2,117,578) | 638,000 | |
Long-term loans obtained | 7,140,550 | 1,089,486 | |
Long-term loans repaid | (1,127,004) | (1,323,031) | |
Dividends paid | (6,167,782) | (5,529,245) | |
Short term running finance obtained / (repaid) | 890,167 | (3,904,142) | |
Net cash used in financing activities | (1,505,366) | (9,130,832) | |
Net increase in cash and cash equivalents | 2,685,902 | 3,674,496 | |
Cash and cash equivalents at the beginning of the year | 17,249,406 | 13,574,910 | |
Cash and cash equivalents at the end of the year | 19,935,308 | 17,249,406 | |
Gash and cash equivalents at the end of the year comprise of: | |||
Cash and bank balances | 1,223,940 | 2,264,527 | |
Short-term investment | 18,711,368 | 14,984,879 | |
19,935,308 | 17,249,406 | ||
(PKR in '000)
YBG