Mitchell's Fruit Farms LimitedPSX: MFFL

Transmission of the Quarterly Report for the Period ended 30th September, 2025

· Issued by Mitchell's Fruit Farms Limited

QUARTER 1

REPORT

30 SEPTEMBER

2025



CONTENTS

Company Information 2

Directors' Report 3

Directors' Report (Urdu) 4

Condensed Interim Statement of Financial Position 6

Condensed Interim Statement of Profit or Loss 8

Condensed Interim Statement of Comprehensive Income 9

Condensed Interim Statement of Changes in Equity 10

Condensed Interim Statement of Cash Flows 11

Notes to and Forming Part of the Condensed Interim Financial Statements 12

COMPANY INFORMATION

BOARD OF DIRECTORS

Mr. Shazad Ghaffar Chairman

Mr. Najam Aziz Sethi Chief Executive Officer Mr. Syed Mohammad Mehdi Mohsin Non - Executive Director Ms. Umme Kulsum Imam Non - Executive Director

Mr. Aamir Amin Independent Director

Mr. Syed Manzar Hassan Independent Director

Mr. Mujeeb Rashid Independent Director

AUDIT COMMITTEE

Mr. Syed Manzar Hassan Chairman

Mr. Shazad Ghafar Member

Mr. Aamir Amin Member

HUMAN RESOURCES & REMUNERATION COMMITTEE

Mr. Mujeeb Rashid Chairman

Ms. Umme Kulsum Imam Member

Mr. Najam Aziz Sethi Member

SUSTAINABILITY COMMITTEE

Mr. Mujeeb Rashid Chairman

Ms. Umme Kulsum Imam Member

Mr. Najam Aziz Sethi Member

SHARE REGISTRAR

Corplink (Private) Limited,

Wings Arcade, 1-K (Commercial), Model Town, Lahore

Phone : (042) 35839182, 35887262,

Fax: (042) 35869037

CORPORATE OFFICE

72-FCC Gulberg IV, Lahore Phones: (042) 35872392-96,

Fax: (042) 3587239

E-Mail: ho@mitchells.com.pk Website: https://www.mitchells.com.pk

FACTORY & FARMS

Renala Khurd, District Okara, Pakistan Phones: (044) 2635907-8, 2622908

Fax: (044) 2621416

E-Mail: rnk@mitchells.com.pk rsoc@mitchells.com.pk

2 https://www.mitchells.com.pk

COMPANY SECRETARY

Anum Ali

AUDITORS

Crowe Hussain Chaudhury & Co. Chartered Accountants

LEGAL ADVISORS

Alliance Legal Services

Office No.7, L.G. Floor, Lahore Palace Building, 14-B, Temple Road, Lahore.

BANKERS

Habib Bank Limited Allied Bank Limited JS Bank Limited

Bank Al Habib Limited National Bank of Pakistan

CHIEF FINANCIAL OFFICER

Rashid Butt, FCMA

REGIONAL SALES OFFICES ISLAMABAD

Plot # 102, Street 7

Main China Road, Sector I-10/3 Islamabad

Phones: (051) 2707357

E-Mail: rson@mitchells.com.pk

KARACHI

Mehran VIP II, Ground Floor, Plot 18/3 Dr. Dawood Pota Road- Karachi Phones: (021) 35212112, 35212712

& 35219675

Fax: (021) 35673588

E-Mail: rsos@mitchells.com.pk



DIRECTORS' REPORT

The Directors of the Company are pleased to present their report on the condensed interim financial statements for the first quarter ended September 30, 2025 (Q1-2026).

The Company's financial performance during the three-month period under review is summarized below:

30 September2025

30 September2024

702.158

649.674

178.373

182,142

193

24

184

15

8.03

0.067

PKR Millions

Sales Revenue Gross Profit Profit before tax Profit after tax EPS

During the quarter under review, Pakistan's economy began to stabilise following monetary easing and a notable decline in inflation. The State Bank of Pakistan reduced its policy rate from 22% to 12% by early 2025, supporting a gradual recovery in business sentiment and industrial output. While macroeconomic conditions remained challenging, these measures provided a more favourable operating environment for the consumer goods sector.

The Company delivered a solid performance during the period, reflecting disciplined execution of its strategic priorities and effective resource management. Total Net Sales amounted to Rs. 702.16 million, an increase of 8% over the same period last year. This growth was primarily driven by strong export performance, which rose by more than 110% quarter-on-quarter, as the Company prioritised available resources toward higher-margin international markets. This strategic focus was accompanied by improved price discipline and a 61.7% reduction in sales returns and discounts, reflecting tighter promotional control.

Despite inflationary input costs, the Company maintained a gross profit margin of 25.4%, compared with 28.4% same of the last year. The decline was mainly attributable to one-time provisions relating to damaged and expired market returns and temporary increases in raw-material prices, particularly sugar. Excluding these non-recurring adjustments, the underlying operational performance remained robust, supported by an improved product mix, stronger export profitability, and prudent cost control.

Net Profit After Tax (NPAT) for the quarter stood at Rs. 183.72 million, compared with Rs. 15.30 million in the corresponding quarter of the last year, representing a substantial improvement. The result was underpinned by stronger export margins and a one-off capital gain realised from the disposal of land, which further strengthened the Company's earnings for the period.

Future Outlook

The Company remains cautiously optimistic about its growth prospects for the remainder of the year. Management will continue to emphasize export market expansion, operational efficiency, and prudent cost management while remaining responsive to economic developments and input-price volatility. Efforts are also underway to strengthen the brand portfolio and enhance manufacturing productivity to ensure sustainable profitability and long-term value creation for shareholders.

The Directors wish to express their appreciation to the Company's employees, customers, suppliers, and shareholders for their continued support and confidence in the Company.

For and on behalf of the Board of Directors



Najam Aziz Sethi Shazad Ghaffar

Chief Executive Officer Chairman



(Q1-2026) 2025 ربمتس 30 ہدش متخ یہام ہس ےئارب

ےــک یــنپمک ےــیل ےــک 2025 ربمتــس 30 ہدــش مــتخ یــہام ہــس وــج ےــہ یــہر وــہ سوــسحم یــشوخ ےــئوہ ےــترک شــیپ ٹروــپر ہــی وــک زرــٹکیرئاڈ ےــک یــنپمک ےــہ لــیذ جرد ہـــالخ اک یـــدرکراک یــلام یــک یــنپمک نارود ےــک ہاــم نــیت ہزــئاج رِــیز ۔ےــہ قـــعتم ےــس تاـــایب یــتایلام یروــبع رـــتخم

2024 ربمتس 30

2025 ربمتس 30

649.674

702.158

182,142

178.373

24

193

15

184

0.067

8.03

(نیـم PKR)

یـدمآ ےس تخورف عفانم یعومجم عفانم لبق ےس سکیٹ عفانم دعب ےک سکیٹ

(EPS) یـدمآ صـح یف

یــمرـ ںــیم یــسیلاپ یــتایلام روا یــمک ںاــیامـ ںــیم یــئاگنہم ۔ےــئآ رــظـ راــثآ ےــک ماکحتــسا جــیردتب ںــیم تــشیعم یــک ناتــسکاپ نارود ےــک ہزــئاج رِــیز ےــس دـــیف 22 ٹــیر یــسیلاپ ےـــ ناتــسکاپ فآ کــنیب ٹیٹــسا ۔ےــئوہ ںاــیامـ راــثآ ےــک یرــتہب ںــیم راوادــیپ یــتعنـ روا داــمتعا یراــبوراک ثــعاب ےــک ۔اــیآ رــسیم لوــحام رــتہب کــیا ےــیل ےــک ںویمرـرــس یراــبوراک ےــس ســج اــید رــک دـــیف 12 ےــک رــک مــک

ہرــہاظم اک یـــدرکراک طوــبضم ےــعیرذ ےــک لامعتــسا طاــتحم ےــک لئاــسو روا دــمآرد لــمع رــثوم رــپ یـــمع تــمکح یــنپا ںــیم یــہام ہــس سا ےـــ یــنپمک ہــفاضا ہــی ۔ےــہ یــترک رــہاظ ہــفاضا دـــیف 8 ںــیم ےـــباقم ےــک ےـــرع یــسا ےــک لاــس ہتــشزـ وــج ،یــہر ےــپور نــیـم 702.16 تــخورف صــلاخ لک ۔اــیک یــماوقالا نــیب شــخب عــفانم ہداــیز ےـــ یــنپمک ہــکـویک اوــہ تــلودب یــک ےــفاضا یــہام ہــس رــپ یــہام ہــس دـــیف 110 ںــیم تادــمآرب رــپ روــط یداــینب 61.7 ںــیم ںوــتیاعر و ںویــسپاو ںــیم تــخورف روا یرــتہب ںــیم طــبض و مــظـ ےــک ںوــتمیق ھتاــس ھتاــس ےــک سا ۔یــھکر زوــکرم ہــجوت یــنپا رــپ ںوــیڈنم ۔یــنب ثــعاب اک ےـــانب رــتہب وــک یـــدرکراک یــھب یــمک دـــیف

ہــس یـــھچپِ وــج اــھکر رارــقرب دـــیف 25.4 نــجرام اک عــفانم یــعومجم ےـــ یــنپمک مــہات ،اــہر رارــقرب ؤاــبد اک رز طِارــفا ںــیم تـــال یــک لاــم ماــخ ہــچرـا داــعیملادئاز و ہدــش بارــخ ںــیم نــج ،ےــھت لــماوع یــضراع ہــجو یڑــب یــک یــمک سا ۔ےــہ مــک ھــچک ںــیم ےـــباقم ےــک دـــیف 28.4 قــباطم ےــک یــہام ےــنلاکـ وــک لــماوع یــلومعم رــیغ نا مــہات ۔ےــہ لماــش ہــفاضا ںــیم ںوــتمیق یــک یــنیچ رــپ روــط صاــخ روا نژــیوورپ یــتقو کــیا ےــیل ےــک کاٹــسا ۔اــید اراہــس ےـــ لورــٹنک رــثوم رــپ تاــجارخا روا عــفانم ہداــیز ےــس تادــمآرب ،ســکم ٹــکڈورپ رــتہب ےــسج یــہر طوــبضم یـــدرکراک لنــشیرپآ دــعب ےــک ےــپور نــیـم 15.30 ںــیم ےـــرع یــسا ےــک لاــس ہتــشزـ وــج اــہر ےــپور نــیـم 183.72 نارود ےــک یــہام ہــس (NPAT) عــفانم صــلاخ دــعب ےــک ســکیٹ یــتقو کــیا ےــلاو ےـــوہ لـــاح ےــس تــخورف یــک نــیمز روا نــجرام یدــمآرب ہداــیز ہــفاضا رادـاــش ہــی ۔ےــہ اــترک رــہاظ وــک یرــتہب ںاــیامـ ںــیم ےـــباقم ےــک ۔اــیک طوــبضم دــیزم وــک عــفانم یــہام ہــس ےــک یــنپمک ےـــ ســج اوــہ نــکمم ےــس ہــجو یــک عــفانم یــتاج ہیامرــس

لمع ہحئال اک لبقتسم

،غورــف ےــک ںوــٹیکرام یدــمآرب ہــیماظتـا ۔ےــہ دــیما رــپ رــپ روــط طاــتحم ںــیم ےراــب ےــک تاـــاکما یــتایقرت ےــنپا ےــیل ےــک ےـــرع ہــیقب ےــک لاــس یــنپمک ںوــتمیق یــک لاــم ماــخ روا تالاــح یداـــتقا ہــکبج ،یـــ ےــھکر یراــج روز رــپ قــسـ و مــظـ طاــتحم ےــک تاــجارخا روا یرــتہب ںــیم یـــدرکراک یـــمع یراوادــیپ روا ےـــانب طوــبضم دــیزم وــک وــیلوف ٹروــپ ڈـــارب ےــنپا یــنپمک ھتاــس ھتاــس ےــک سا ۔یـــ ےــئاج یــھکر رــظـ یرــہـ رــپ ؤاــھڑچ راــتا ہــنکمم ںــیم اــیانب یــنیقی ہــفاضا ںــیم ردــق ےــیل ےــک زرڈــلوہ رئیــش روا عــفانم رادــیئاپ یــتدملا لــیوط ہــکات ےــہ یــہر رــک تاــمادقا یــھب ےــیل ےــک ےــفاضا ںــیم تــیحالـ ۔ےکــس اــج

روا داــمتعا روــپرھب ےــنپا رــپ یــنپمک ےـــ ںوــہنج ںــیہ ےــترک ادا ہیرکــش اک زرڈــلوہ رئیــش روا زرئالپــس ،نــیفراـ ،نــیمزالم ماــمت ےــک یــنپمک زرــٹکیرئاڈ ۔اــیک راــہظا اک تــیامح

زرٹکیرئاڈ فآ ڈروب فرط زا روا ےئارب



رافغ دازہش یھٹیس زیزع مجن

یمرئیچ رسیفآ وٹکیزگیا فیچ

FINANCIAL STATMENTS

FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2025

Condensed Interim Statement of Financial Position

(Un-audited)

September 30,

2025

Rupees

(Audited) June 30,

2025

Rupees

535,111,226

546,180,189

18,449,094

19,420,136

3,958,749

3,958,749

1,224,780

1,224,780

558,743,849

570,783,854

85,203,480

54,089,603

527,714,747

645,168,298

482,329,754

431,217,320

148,095,530

134,039,592

145,938,861

140,071,059

25,290,475

22,958,719

1,414,572,847

1,427,544,591

1,973,316,696

1,998,328,445

As at September 30, 2025 (Un-audited)

Note

ASSETS

NON CURRENT ASSETS

Property, plant and equipment 8

Intangible assets Biological assets Long term deposits

CURRENT ASSETS

Stores and spares Stock in trade

Trade debts - considered good

Advances, deposits, prepayments and other receivables Income tax recoverable-net

Cash and bank balances

TOTAL ASSETS



(Un-audited)

September 30,

2025

Rupees

(Audited) June 30,

2025

Rupees

400,000,000

400,000,000

228,750,000

228,750,000

535,798,970

352,074,620

764,548,970

580,824,620

208,032,350

191,120,877

559,459,779

594,573,961

1,912,754

1,912,754

21,727,348

16,997,838

417,635,495

408,898,395

-

204,000,000

1,000,735,376

1,226,382,948

-

-

1,973,316,696

1,998,328,445

Note

EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES

Authorized share capital

40,000,000 (June 30, 2024: 40,000,000)

ordinary shares of Rs. 10 each

Issued, subscribed and paid up capital

Reserves

NON-CURRENT LIABILITIES

Deferred liabilities

CURRENT LIABILITIES

Trade and other payables Unclaimed dividend Accrued mark-up

Finances under markup arrangements

Loan from related parties - unsecured 6

CONTINGENCIES AND COMMITMENTS 7

TOTAL EQUITY AND LIABILITIES

The annexed notes from 1 to 14 form an integral part of these condensed interim financial statements (un-audited).



Rashid Butt

Chief Financial Officer



Najam Aziz Sethi

Chief Executive Officer



Shazad Ghaffar

Chairman / Director

Condensed Interim Statement of Profit or Loss

September 30,

2025

Rupees

September 30,

2024

Rupees

702,158,070

649,674,404

(523,784,812)

(467,532,331)

178,373,258

182,142,073

(55,978,384)

(49,657,678)

(92,899,557)

(89,821,046)

(148,877,941)

(139,478,724)

29,495,317

42,663,349

228,000,945

5,678,365

(47,887,275)

(1,629,958)

(17,055,509)

(23,167,636)

192,553,478

23,544,120

(8,829,126)

(8,236,765)

183,724,352

15,307,355

8.03

0.67

For The First Quarter Ended September 30, 2025 (Un-Audited)

Note

Revenue 9

Cost of revenue Gross Profit

Administrative Expenses Selling & Distribution Expenses

Operating Profit

Other income

Other operating expenses Finance cost

Profit before levy and Taxation

Levy / final taxation

Profit after Taxation

Earnings per Share - Basic and Diluted

The annexed notes from 1 to 14 form an integral part of these condensed interim financial statements (un-audited).



Rashid Butt

Chief Financial Officer



Najam Aziz Sethi

Chief Executive Officer

Shazad Ghaffar

Chairman / Director



Condensed Interim Statement of Comprehensive Income

For The First Quarter Ended September 30, 2025 (Un-Audited)

September 30,

September 30,

2025

2024

Rupees

Rupees

Profit after tax for the period

183,724,352

15,307,355

Other comprehensive income:

-Items that will not be reclassified to profit or loss

-Items that may be reclassified subsequently to profit or loss

-

-

-

-

Total comprehensive income for the period

183,724,352

15,307,355

The annexed notes from 1 to 14 form an integral part of these condensed interim financial statements (un-audited).



Rashid Butt

Chief Financial Officer



Najam Aziz Sethi

Chief Executive Officer

Shazad Ghaffar

Chairman / Director

Condensed Interim Statement of Changes in Equity

For The First Quarter Ended September 30, 2025 (Un-Audited)

Share Capital

Reserves

Total

Capital

Revenue Reserve

Share Premium

General Reserve

Accumulated Loss

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

Balance as at June 30, 2024- audited 228,750,000 609,335,878 300,000 (245,726,472) 592,659,406

-

-

-

15,307,355

15,307,355

-

-

-

-

-

Net Profit for the period Other comprehensive income

Total comprehensive Profit for the period - - - 15,307,355 15,307,355

Balance as at September 30, 2024

(Un-audited) 228,750,000 609,335,878 300,000 (230,419,117) 607,966,761

Balance as on July 01, 2025 - audited

228,750,000

609,335,878

300,000 (257,561,260) 580,824,618

Net profit for the period

-

-

-

183,724,352

183,724,352

Other comprehensive income

-

-

-

-

-

Total comprehensive profit for the period

-

-

- 183,724,352 183,724,352

Balance as at September 30, 2025 (Un-audited)

228,750,000

609,335,878

300,000 (73,836,908) 764,548,970

The annexed notes from 1 to 14 form an integral part of these condensed interim financial statements (un-audited).



Rashid Butt

Chief Financial Officer



Najam Aziz Sethi

Chief Executive Officer

Shazad Ghaffar

Chairman / Director



Condensed Interim Statement of Cash Flows

Un-audited September 30,

2025

Rupees

Un-audited September 30,

2024

Rupees

192,553,478

23,544,120

12,038,502

12,948,315

(222,811,000)

-

16,997,216

6,484,968

17,055,509

23,167,636

(176,719,773)

42,600,919

15,833,705

66,145,039

(31,113,877)

(3,222,291)

117,453,551

(33,483,081)

(51,112,434)

(47,115,599)

(14,055,938)

(9,288,418)

(35,114,182)

70,796,416

(13,942,880)

(22,312,973)

1,890,825

43,832,066

(12,325,999)

(28,872,498)

(85,743)

(523,309)

(14,696,927)

(16,128,182)

(27,108,669)

(45,523,989)

(25,217,844)

(1,691,923)

-

(4,916,857)

222,812,500

-

222,812,500

(4,916,857)

(204,000,000)

-

8,737,100

(27,894,569)

(195,262,900)

(27,894,569)

2,331,756

(34,503,349)

22,958,719

58,294,718

25,290,475

23,791,369

For The First Quarter Ended September 30, 2025 (Un-Audited)

Cash flow from operating activities Profit before taxation

Adjustments of non cash items:

Depreciation

Gain on Disposal of Land

Provision for gratuity and accumulated leaves Finace Cost

Operating profit before working capital changes

Effect on cash flow due to working capital changes:

Stores and spares Stock in trade

Trade debts - considered good

Advances, deposits, prepayments and other receivables Trade creditors, accrued and other liabilities

Cash generated from operating activities

Finance Cost Paid Retirement Benefits Paid Income tax paid

Net cash used in operating activities Cash flow from investing activities Fixed capital expenditures

Proceed from sale of property, plant and equipment

Net cash flow from investing activities Cash Flow From Financing Activities Repayments of Sponsers finances - net Receipts from short term borrowings - net Net cash used in financing activities

Net Increase / Decrease in cash & cash equivalent Cash & bank balances at beginning of the year Cash & bank balances at the end of the period

The annexed notes from 1 to 14 form an integral part of these condensed interim financial statements (un-audited).



Rashid Butt

Chief Financial Officer



Najam Aziz Sethi

Chief Executive Officer

Shazad Ghaffar

Chairman / Director

Notes to and Forming Part of the Condensed Interim Financial Statements

For The First Quarter Ended September 30, 2025 (Un-Audited)

  1. LEGAL STATUS AND NATURE OF BUSINESS

    1. Mitchell's Fruit Farms Limited ("the Company") is a public limited Company incorporated in Pakistan and the shares of the Company are listed on Pakistan Stock Exchange.

      It is principally engaged in the manufacture and sale of various grocery and confectionery products. The registered office of the Company is situated at House No. 72-FCC, Gulberg IV, Lahore. The manufacturing facility and the farms are situated in Renala Khurd, Okara, Pakistan. The Company also has one sales office in Islamabad and one in Karachi.

  2. BASIS OF PREPARATION

    1. Statement of Compliance

      1. 'These condensed interim financial statements of the Company have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:

        • International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017;

        • Islamic Financial Accounting Standards (IFAS) issued by the Institute of Chartered Accountants of Pakistan as are notified under the Companies Act, 2017; and

        • Provisions of and directives issued under the Companies Act, 2017.

          Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.

      2. These condensed interim financial statements do not include all of the information required in annual financial statements and should be read in conjunction with the financial statements of the Company for the year ended june 30, 2025. Comparative condensed interim statement of financial position is extracted from the annual financial statements as at June 30, 2024 whereas comparative condensed interim statement of profit or loss account, condensed interim statement of comprehensive income, condensed interim statement of changes in equity and condensed interim statement of cash flows have been extracted from the unaudited condensed interim financial statements for the quarter ended September 30, 2024

      3. These condensed interim financial statements are un-audited and are being submitted to the members as required under Section 237 of the Companies Act, 2017 and listing regulation of the Pakistan Stock Exchange.



    2. Functional and presentation currency

These condensed interim financial statements are presented in Pakistan Rupees which is the Company's functional currency.

  1. JUDGMENTS AND ESTIMATES

    The preparation of these condensed interim financial statements in conformity with approved accounting standards require the use of certain critical accounting estimates. It also requires management to exercise its Mudgement in the process of applying the Company's accounting policies. Estimates and Mudgements are continually evaluated and are based on historic experience, including expectations of future events that are believed to be reasonable under the circumstances. Estimates and Judgements made by the management in the preparation of these condensed interim financial statements are the same as those used in the preparation of annual audited financial statements of the Company for the year ended June 30, 2025.

  2. SIGNIFICANT ACCOUNTING POLICIES

    The Company's accounting and financial risk management policies and methods of computation adopted in the preparation of these condensed interim financial statements (un-audited) are the same as those applied in the preparation of preceding annual financial statements of the Company for the year ended June 30, 2025.

  3. TAXATION

    September 30,

    2025

    (Un-audited) Rupees

    June 30,

    2025

    (Audited) Rupees

    -

    -

    -

    204,000,000

    -

    204,000,000

    Provision in respect of Taxation is estimated and is subject to final adjustment in the annual audited financial statements.

    Note

  4. LOAN FROM RELATED PARTIES - UNSECURED

    Loan from related parties - Interest free 6.1

    6.3

    Loan from related parties - Interest bearing 6.2 &

    September 30,

    2025

    (Un-audited) Rupees

    June 30,

    2025

    (Audited) Rupees

    -

    -

    -

    -

    -

    -

    -

    27,000,000

    -

    102,000,000

    -

    75,000,000

    -

    204,000,000

    Note

    1. Loan from related parties - Interest free (Repayable on demand)

      Ms. Syeda Maimanat Mohsin Ms. Syeda Matanat Ghaffar

    2. Loan from related parties - Interest bearing (Repayable on demand)

      Mr. Najam Aziz Sethi

      Ms. Syeda Maimanat Mohsin Ms. Syeda Matanat Ghaffar

    3. These loans carry mark-up @ 3 months KIBOR plus 1% margin (2025: 3 months KIBOR plus 1% margin) per annum.During the quater, the Company fully settled all outstanding loan balances, and consequently, no borrowings were outstanding as of the reporting date.

  5. CONTINGENCIES AND COMMITMENTS

    1. There is no material change in the status of contingencies as reported in the financial statements of the Company for the year ended June 30, 2025.

      1. Others

        1. Letter of guarantee in favour of Sui Northern Gas Pipelines Limited on account of payment of dues against gas consumption amounting to Rs. 17.21 million (June 30, 2025: Rs. 17.21 million).

        2. The Company has issued postdated cheques amounting to Rs 102.38 million (June 30, 2025: Rs 102.38 million) to Collector of Customs Lahore Dry Port on account of taxable duty which might become payable against Duty and Tax Remission on Export under SRO # 492 (I)/2009 dated June 13, 2009 and SRO # 450 (I)/2001 dated June 30, 2001 under Customs Rules, 2001.

    2. Commitments

  1. Letters of credit for purchase of raw and packing materials amount to Rs. 15 million (June 30, 2025: Rs. 0.74 million).

  2. The Company's capital commitments amount to Rs. Nil (June 30, 2025: Rs. Nil) as at the reporting date.



September 30,

2025

(Un-audited) Rupees

June 30,

2025

(Audited) Rupees

Note

8 Property, Plant and Equipment

Operating fixed assets Capital work in progress

8.1

535,111,226

-

546,180,189

-

535,111,226

546,180,189

8.1

Operating fixed assets

Opening written down value

546,180,189

572,168,335

Additions during the period / year

-

22,459,616

Adjustment / Disposals during the period / year (Net Value)

(1,500)

(314,500)

546,178,689

594,313,451

Depreciation /adjustments charge for the period / year

(11,067,463)

(48,133,262)

535,111,226

546,180,189

2025

(Un-audited) Rupees

2024

(Un-audited) Rupees

719,646,918

772,842,699

244,380,407

115,999,059

964,027,325

888,841,758

(85,181,103)

(118,693,911)

878,846,222

770,147,847

(176,688,152)

(120,473,443)

702,158,070

649,674,404

  1. Sales

    • Local

    • Export Gross Sales

    Less: Sales tax & FED

    Less: Sales return, trade discounts and trade promotion incentives

    Quarter Period Ended September 30,

  2. TRANSACTION WITH RELATED PARTIES

    September 30, 2025

    2025

    (Un-audited) Rupees

    2024

    (Un-audited) Rupees

    458,494

    -

    1,266,033

    1,082,757

    355,115

    978,487

    2,072,158

    4,011,452

    2,884,624

    75,000,000

    222,812,500

    27,000,000

    1,444,124

    745,977

    -

    1,038,465

    -

    102,000,000

    2,818,134

    5,455,576

    3,923,087

    5,455,576

    3,826,086

    2,823,528

    3,586,016

    2,823,528

    449,786,688

    24,075,028

    Related parties comprise associated companies, directors of the Company and their close relatives and key management personnel. The Company in the normal course of business carries out transactions with various related parties. These are un-secured amounts due from and due to related parties and are shown under respective notes to these financial statements. Significant transactions with related parties are given below:

    Transactions during the period

    Related party Basis of Relationship

    Aggregate Shareholding

    Nature of transaction

    Mr. Mehdi Mohsin Director 20.417% Purchase of goods

    Rent paid

    Payment made on behalf of related party

    Ms. Syeda Maimanat Mohsin

    Mr. Najam Aziz Sethi

    Ms. Syeda Matanat Ghaffar

    Vanguard Books (Private) Limited

    Spouse of Director

    Chief Executive

    Spouse of Director

    Common directorship

    20.420% Finance cost -expense

    Finance cost - paid Loan repaid

    Land disposal receipts

    0.0063% Loan repaid

    Finance cost -expense

    Finance cost - paid

    20.2062% Loan repaid

    Finance cost -expense

    Finance cost -paid

    N/A Rent expense Rent paid

    1. During the period, the Company did not enter into transactions or arrangements with any other related party.

    2. Sales and purchase transactions have been carried out on commercial terms and conditions under comparable uncontrolled price method.

  3. FAIR VALUE MEASUREMENT OF FINANCIAL INSTRUMENTS

    Fair value is determined on the basis of objective evidence at each reporting date. The Company has not made any changes to valuation techniques used to value financial instruments as described in annual audited financial statements for the year ended June 30, 2025.

    As of reporting date, there were no Level 1, 2 or 3 financial assets or liabilities.

  4. FINANCIAL RISK MANAGEMENT

    The Company's financial risk management objectives and policies are consistent with those disclosed in preceding audited annual financial statements for the year ended June 30, 2025.

  5. AUTHORIZATION OF INTERIM FINANCIAL INFORMATION

    These condensed interim financial statements (un-audited) are approved and authorized for issuance by the Board of Directors of the Company on October 14, 2025.

  6. GENERAL

Corresponding figures have been rearranged/reclassified, where necessary, for better presentation and disclosure.



Rashid Butt

Chief Financial Officer



Najam Aziz Sethi

Chief Executive Officer

Shazad Ghaffar

Chairman / Director

Mitchell'sFruitFarms Mitchell'sChocolates&Sweets Mitchell'sfruitjams Mitchell'sfruitfarmsofficial https://www.mitchells.com.pk

Head Office:

72-FCC Gulberg IV, Lahore

P: (+92) (42) 2622908, 35872393-96

F: (+92) (42) 35872398

E: ho@mitchells.com.pk

Factory & Farms:

Mitchell's Fruit Farms Ltd.

Renala Khurd, District Okara, Pakistan P: (+92) (44) 2622908, 2635907-8

F: (+92) (44) 2621416

E: mk@mitchells.com.pk



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