National
FOODS
SlNf F 1970 '
NFL/CORP/2025/206
October 20, 2025
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, KARACHI.
FORM-7
SUBJECT: FINANCIAL RESULTS FOR THE QUARTER ENDED 30" SEPTEMBER, 2025
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on Monday 20, 2025 at 10:00 p.m. at Company's Registered Corporate Office situated at 12/CL-6, Claremont Road, Civil Lines, I€arachi recommended the following:
CASH DIVIDEND
An Interim Cash Dividend for the quarter ended September o0, 2025 at Rs.18.00 per share
i.e. 360%. This is in addition to Interim Dividend(s) already paid at Rs. 0.00 per share i.e. 0.00
BONUS SHARES:
RIGHT SHARES:
Nil Nil
Book Closure for Interim Dividend:
The recommended entitlement will be paid to the shareholders whose names will appear in the Register ofMembers on November 03, 2025.
The Share Transfer Books of the Company willbe closed from November 03, 2025 to November
05. 2025 (both days inclusive). Transfers received at the offices ofour Shares Registrar Mls. CDC Share Registrar Services Limited, CDC House, 99B, Block 'B', S.M.C.H.S., Main Shahrahw-Faisal, Karachi-74000 at the close ofbusiness on October o1, 2025, will be treated in time for the purpose of above entitlement to the transferees.
The Financial Results of the Company are attached along with the following documents.
Statement ofFinancial Position
Statement of Change in Equity
Statement of Cash Flow
Nafional Foods Limited info@nfoods.com | nfoods.com
National
FOODS
SlNCF 1970
The 1" Quarterly Report of the Company for the period ended September 30, 2025, will be tiansmitted through PUCARS separately, within the specified tiine.
Thanking you,
FOR NATION Ai. roons LIMITED
CC tO°
Head of Operations,
Central Depository Company of Pakistan Limited
CDC House 99-B, Block-B, S.M.C.H.S.,
Main Shahra-e-Faisal, Karachi-74000.
Executive Director/HOD,
Offsite-II Department, Supervision Division, Securities & Exchange Commission of Pakistan,
6o, NIC Building, Jinnah Avenue, Blue Area, Islamabad.
National Foods Limited
Condensed Interim Unconsolidated Statement of
Profit or Loss and Other Comprehensive Income (Unaudited)
For the period ended 30 September 2025
Note
National
FOODS
SINCE 4 970
Three months ended 30 Sep 30 Sep
2025 2024
(Rupees in '000)
(40,943) | (16,979) (27,217) |
Sales - net | 13 | 10,038,778 | 8,779,580 |
Cost of sales | (6,216,940) | (6,242,859) | |
Gross profit | 3,821,838 | 2,536,721 | |
Selling and distribution costs | (1,624,566) | (1,514,856) | |
Reversal / (Impairment loss) on trade debts | |||
Administrative expenses | (778,089) | (737,256) | |
Operating profit | 1,419,183 | 284,609 | |
Other expenses | (90,962) | (798) | |
Other income | 14 | 62,485 | 143,850 |
Finance costs | (216,572) | (443,425) | |
Profit before final taxes, minimum tax | |||
differential and income tax | 1,174,134 | (15,764) | |
Final taxes | 15 | ||
Minimum tax | 16 | ||
(40,943) | (44,196) | ||
Profit before income tax | 1,133,191 | (59,960) | |
Income Tax | 17 | (86,394) | (18,645) |
Profit for the period | 1,046,797 | (78,605) | |
Other comprehensive income for the period | |||
Items that will not be reclassified to statement of profit or loss | |||
Remeasurements of retirement benefit liability actuarial loss | |||
Total comprehensive income for the period | 1,046,797 | (78,605) |
Related deferred tax thereon
(Rupees)
Earnings per share - basic and diluted
18 4.49
(0.34)
The annexed notes 1 to 22 form an integral part of these condensed interim unconsolidated financial statements.
National Foods Limited
Unconsolidated Condensed Interim Statement of Financial Position (Unaudited) national
As at 30 September 2025 . FOODS
0 S
n
.
SINCE J97O'
Note '
(GVI .
ASSETS
Non-current assets
(audited) (Rupees in '000)
Property, plant and equipment | 6 | 11,577,702 | 11,745,872 | |
Intangible assets | 243,049 | 280,613 | ||
Long-term investments | 31,719 | 31,719 | ||
Long-term deposits | 38,843 | 39,417 | ||
11,891,313 | 12,097,621 | |||
Current assets | ||||
Stores and spare parts | 434,834 | 441,909 | ||
Stock-in-trade | 7 | 6,960,664 | 6,572,403 | |
Trade receivables | 1,607,870 | 1,908,989 | ||
Advances | 147,314 | 246,064 | ||
Deposits and prepayments | 135,757 | 79,554 | ||
Other receivables | 10,549 | 606,852 | ||
Short-term investments - at fair value 1hrough profit or loss | 8 | 1,611,151 | 1,521,717 | |
Taxation - net | 188,236 | 160,823 | ||
Cash and bank balances | 3,312,377 | 2,022,377 | ||
14,408,752 | 13,560,688 | |||
Assets classified as held for sale | 9 | 166,101 | 166,101 | |
TOTAL ASSETS | 26,466,166 | 25,824,410 | ||
EQUITY AND LIABILITIES | ||||
Share capital and reserves | ||||
Authorized share capital 1,000,000,000 (30 June 2024: 1,000,000,000) ordinary shares of Rs. 5 each | 5,000,000 | 5,000,000 |
Share capital
Issued, subscribed and paid-up capital Revenue Reserve
1,165,576
1,165,576
Unappropriated profit | 8,391,900 | 7,345,103 | ||
9,557,476 | 8,510,679 | |||
Non-current liabilities | ||||
Long-term finance - secured | 10 | 5,612,305 | 5,620,638 | |
Lease liabilities | 51,322 | 56,861 | ||
Deferred taxation - net | 847,612 | 761,218 | ||
Defined benefit obligation - net | 39,882 | 163,054 | ||
6,551,121 | 6,601,771 | |||
Current liabilities | ||||
Trade and other payables | 7,703,456 | 7,655,420 | ||
Contract liability | 259,048 | 233,417 | ||
Short-term borrowings | 11 | 1,726,376 | 2,129,353 | |
Unclaimed dividend | 27,243 | 27,243 | ||
Current portion of long-term finance | 10 | 521,000 | 521,000 | |
Current portion of lease liabilities | 28,840 | 28,839 | ||
Mark-up accrued on bank borrowings | 91,606 | 116,688 | ||
Taxation - net | ||||
10,357,569 | 10,711,960 | |||
Contingencies and commitments | 12 |
26,466,166
25,824,410
The annexed notes 1 to 22 form an integral part of these condensed interim unconsolidated financial statements.
Chief Financial G£&«sr
National
FOODS
SINCE 1970
National Foods Limited line FoOD, SlTARE LOVr Condensed Interim Unconsolidated Statement of Cash Flows (Unaudited)
For the period ended 30 September 2025
Note
Three months ended 30 Sep 30 Sep
2025 2024
(Rupees in '000)
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Cash generated from operations | 19 | 2,354,621 | (122,685) | ||
Income taxes paid | (68,356) | (79,049) | |||
Defined benefit obligation - benefits paid Deferred assets | (128,657) | (342,849) | |||
Long term deposits - net | 574 | (177) | |||
Net cash flows from operating activities | 2,158,182 | (544,760) | |||
CASHFLOVVSFROM|NVEST|NGACTlVITES | |||||
Purchase of property, plant and equipment | (148,166) | (239,638) | |||
Purchase of intangible assets | (1,559) | (28,947) | |||
Purchase/ redemption of short term investment | (62,210) | 753 | |||
Dividend received from subsidiary | |||||
Proceeds from disposal of operating fixed assets | 2,256 | 8,185 | |||
Net cash flows from investing activities | (209,679) | (259,647) | |||
CASH FLOWS FROM FINANCING ACTIVITES | |||||
Proceeds of short term borrowings | 500,000 | ||||
Lease rental paid | (9,673) | (1,629) | |||
(Repayment) / proceeds from long term finance | (8,333) | (23,333) | |||
Finance cost paid | (237,520) | (347,341) | |||
Dividends paid | |||||
Net cash flows from financing activities | 244,474 | (372,303) | |||
Net decrease in cash and cash equivalents | 2,192,977 | (1,176,710) | |||
Cash and cash equivalents at beginning of the period | 1,043,024 | 2,228,977 | |||
Cash and cash equivalents at end of the period | 20 | 3,236,001 | 1,052,267 | ||
The annexed notes 1 to 22 form an integral part of these condensed interim unconsolidated financial statements.
Global Chief L›‹ocutivc Oliver Chief Fina roe ia I Clfii o e r
National Foods Limited
Condensed Interim Unconsolidated Statement of
Changes in Equity (Unaudited)
For the period ended 30 September 2025
National
FOODS
SINCE 1970
Note
Issued, Revenue
subscribed reserve -and paid-up unappropriated
capital profit
- (Rupees in '000)
Total
Balance as at 1 July 2024
Total comprehensive income for the year ended 30 June 2025
Profit for the period
Other comprehensive income for the period Transactions with the owners of the Company
Final cash dividend for the year ended 30 June 2024 @ Rs. 5 per share
Interim dividend for the period ended
31 December 2024 @ Rs. 2 per share
Interim dividend for the period ended 31 March 2025 @ Rs. 2 per share
Balance as at 30 June 2025
Balance as at 1 July 2025
Total comprehensive income for the period ended 30 September 2025
Profit for the period
Other comprehensive income for the period Transactions with the owners of the Company
Final cash dividend for the year ended 30 June 2025 @ Rs. 5 per share
Balance as at 30 September 2025
1,165,576
1,165,576
1,165,576
1,165,576
6,428,295 7,593,871
3,181,400
(166,556)
3,181,400
(166,556)
3,014,844 3,014,844
(1,165,576) (1,165,576)
(466,230) (466,230)
(466,230) (466,230)
7,345,103 8,510,679
7,345,103 8,510,679
1,046,797
1,046,797
1,U4b,/ s/
8,391,900 9,557,476
The annexed notes 1 to 22 form an integral part of these cotndensed interim unconsolidated financial statements.
Chief Financial Officer
National Foods Limited
Consolidated Condensed Interim Statement of
Profit or Loss and Other Comprehensive Income (Unaudited)
For the year ended 30 September 2025
National
FOODS
SINCL 1970'
',| IAl?F |-C)( )li, !›II/ftF. I ()/1.
Note 30 September 30 September
2025 2024
(Unaudited) (Rupees in '000)
Sales - net | 12 | 10,162,361 | 8,909,212 | |
Cost of sales | (6,180,877) | (6,165,460) | ||
Gross profit | 3,981,484 | 2,743,752 | ||
Selling and distribution costs | (1,773,604) | (1,650,021) | ||
Impairment loss on trade debts | 0 | |||
Administrative expenses | (1,025,015) | (905,443) | ||
Operating profit | 1,182,865 | 188,288 | ||
Other expenses | (95,692) | (3,624) | ||
Other income | 64,563 | 128,646 | ||
Finance costs | (242,767) | (475,804) | ||
Profit before final taxes, minimum tax differential and income tax | 908,968 | (162,494) | ||
Final taxes | (16,979) | |||
Minimum Tax differential | (40,943) | (27,217) | ||
(40,943) | (44,196) | |||
Profit before income tax | 868,026 | (206,690) | ||
Income Tax | 13 | (67,302) | (9,549) | |
Profit for the period | 800,724 | (216,238) | ||
Profit from discontinued operations, net of tax | 832,667 | 805,336 | ||
Other comprehensive income for the period Items that may be reclassified subsequently to profit or loss: | ||||
Foreign operations - Exchange differences on translation of | ||||
foreign operations | (220,866) | 152,501 | ||
Total comprehensive income for the period | 1,412,525 | 741,599 | ||
Profit attributable to: Owners of the Holding Company | 1,302,551 | 269,626 | ||
Non-controlling interest | 330,840 | 319,472 | ||
1,633,391 | 589,097 | |||
Other comprehensive income / (loss) attributable to: Owners of the Parent Company | (171,944) | 119,789 | ||
Non-controlling interests | (48,922) | 32,712 | ||
(220,866) | 152,501 | |||
Total comprehensive income attributable to: Owners of the Holding Company | 1,130,607 | 389,415 | ||
Non-controlling interest 281,918 | 352,184 | |||
1,412,525 | 741,599 | |||
Earnings per share (basic and diluted)
(Rupees)
14 5.59
1.16
The annexed notes 1 to 18 form an integral part of these consolidated condensed interim financial statements.
GlobalChiefL‹eeuiveOfreo# C h ief Finan›c ia I Officer
National Foods Limited
Consolidated Condensed Interim Statement of Financial Position (Unaudited)
As at 30 September 2025
Naflonal
FOODS
ASSETS
Non - current assets
Note
30 September 30 June
2025 2025
(Unaudited) (Audited) (Rupees in '000)
Property, plant and equipment | 5 | 11,644,088 | 19,128,186 |
Intangible assets and goodwill | 1,295,916 | 1,552,200 | |
Long-term investment | 31,719 | ||
Long-term deposits | 7,124 | 39,417 | |
Deferred tax assets | 151,560 | 140,915 | |
Current assets | 13,130,407 | 20,860,718 | |
Stores and spare parts | 434,834 | 441,909 | |
Stock-in-trade | 6 | 7,158,856 | 13,696,032 |
Trade receivables | 1,212,570 | 3,945,371 | |
Advances | 270,001 | 262,267 | |
Deposits and prepayments | 300,045 | 1,525,937 | |
Other receivables | 213,547 | 667,380 | |
Short-term investments - at fair value through profit or loss | 1,611,151 | 1,521,717 | |
Taxation - net | 160,822 | ||
Cash and bank balances | 3,859,030 | 2,239,627 | |
Total assets classified as held for sale | 9 &10 | 17,881,876 | 166,101 |
TOTAL ASSETS | 46,072,317 | 45,487,881 | |
EQUITY AND LIABILITIES | |||
Share capital and reserves | |||
Authorised share capital 1,000,000,000 (30 June 2024: 1,000,000,000) ordinary shares of Rs. 5 each | 00,000 | 5,000000 |
Share Capital
5,612,305 | 5,965,228 |
70,293 | 4,428,103 |
847,612 | 761,218 |
60,289 | 196, 011 |
6,590,499 | 11,350,560 |
8,134,273 | 12,078,441 |
520,958 | 239,473 |
2,318,228 | 3,386,761 |
521,000 | 764,633 |
72,237 | 1,282,481 |
91,606 | 116,687 |
27,243 | 27,243 |
11,157 | 219,369 |
Issued, subscribed and paid-up capital Revenue Reserves
1,165,576
1,165,576
Unappropriated profit | 12,204,777 | 10,908,597 | ||
Foreign exchange translation reserve | 1,039,240 | 1,211,184 | ||
Equity attributable to owners of the Company | 14,409,593 | 13,285,357 | ||
Non-controJling interest | 3,010,415 | 2,736,876 | ||
Total equity | 17,420,008 | 16,022,233 | ||
Non - current liabilities | ||||
Long-term finance | ||||
Lease liabilities | ||||
Deferred tax liabilities | ||||
Defined benefit obligation - net | ||||
Current liabilities | ||||
Trade and other payables | ||||
Contract liability | ||||
Short-term borrowings | 8 | |||
Current portion of long-term finance | 7 | |||
Current portion of lease liabilities | ||||
Mark-up accrued on bank borrowings | ||||
Unclaimed dividend | ||||
Taxation - net | ||||
11,696,702 | 18,115,088 | |||
Total liabilities associated with assets classified as held for sale | 10 | 10,365,108 | ||
Contingencies and commitments | 11 | |||
TOTAL EQUITY AND LIABILITIES | 46,072,317 | 45,487,881 | ||
The annnxerJ nntes 1 tn 18 fnrm an intearal nart nf these r:nnsnlirtafert r:nnrten*ert interim finanr.ial *fafnmenf* |
Chief Financial Officer
National Foods Limited Nar0ti0o»nsal
Consolidated Condensed Interim Statement of Cash Flow (Unaudited)s'N^"70
For the year ended 30 September 2025 FIAPE F-I N, 'Al-IALtE I-CCVI Note 30 September 30 September
2025 2024
(Unaudited) (Rupees in '000)
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Cash generated from operations | 15 | 2,606,554 | (266,832) | |
Income tax paid | (68,356) | (79,045) | ||
Retirement benefits obligations paid | (144,618) | (342,849) | ||
Deferred assets | 574 | |||
Long term deposits | (177) | |||
Net cash generated from operating activities (discontinued operation) | 2,109,075 | 185,939 | ||
Net cash generated from operating activities | 4,503,229 | (502,964) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Purchase of property, plant and equipment | (148,166) | (239,634) | ||
Proceeds from disposal of fixed assets | 2,256 | 8,185 | ||
Purchase of intangible assets | (1,559) | (28,947) | ||
Redemption of short term investment - net | (62,210) | 753 | ||
Net cash generated in investing activities (discontinued operation) | (154,89y| | (130,196) | ||
Net cash used in investing activities | (364,576) | (389,839) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repayment of short term borrowings - net | 603,103 | (107,582) | ||
Repayment of long term finance - net | (8,333) | (23,336) | ||
Lease rental paid | (25,673) | (13,214) | ||
Finance cost paid | (263,715) | (374,174) | ||
Purchase of NCI Shares Buyback | ||||
Dividend paid | 45 | |||
Net cash generated in financing activities (discontinued operation) | (1,577,391) | (84,948) | ||
Net cash from / (used in) financing activities | (1,272,009) | (603,209) | ||
Net increase in cash and cash equivalents | 2,866,644 | (1,496,012) | ||
Cash and cash equivalents at beginning of the year | 816,087 | 2,123,736 | ||
Currency translation difference on cash and cash equivalents | (8,903) | (25,102) | ||
Cash and cash equivalents at end of the year | 16 | 3,673,828 | 602,622 | |
The annexed notes 1 to 18 form an integral part of these consolidated condensed interim financial statements.
C h ief Financial OF-f°icer Dimmeo r
National Foods Limited
Consolidated Condensed Interim Statement of Changes in Equity (Unaudited)
For the year ended 30 September 2025
National
FOODS
SINCE 1970 '
Attributable to shareholders of the Parent Company Non Share Retained Foreign Sub-total controlling capital earnings currency interest
translation reserve
-
Total equity
Balance as at 1 July 2024
Total comprehensive income for the year ended 30 June 2025
1,165,576 9,711,611 956,749 11,833,936 2,222,085 14,056,021
Profit for the year
Other comprehensive income for the year Transactions with the owners of the Company
Final cash dividend for the year ended
30 June 2024 @ Rs. 5 per ordinary share
Interim cash dividend for the period ended
31 December 2024 @ Rs. 2 per ordinary share
3,295,022
3,461,578 | 3,461,578 | 956,950 | 4,418,528 | ||
(166,556) | 254,435 | t | 87,879 | 10,379 | 98,258 |
(1,165,576)
(466,230)
254,435
3,549,457
(1,165,576)
(466,230)
967,329
4,516,786
(1,165,576)
(466,230)
Interim cash dividend for the period ended 31 March 2025 @ Rs. 2 per ordinary share | (4d6,230) | (466,230) | (466,230) | ||||||||
Dividend paid to NCI | (452,538) | (452,538) | |||||||||
Balance as at 30 June 2025 | 1,165,576 | 10,908,597 | 1,211,184 | 13,285,357 | 2,736,876 | 16,022,233 | |||||
Balance as at 1 July 2025 | 1,165,576 | 10,908,597 | 1,211,184 | 13,285,357 | 2,736,876 | 16,022,233 | |||||
Total comprehensive income for the period | |||||||||||
ended 30 September 2025 | |||||||||||
Profit for the period - continuing operation | 800,724 | 800,724 | 800,724 | ||||||||
Profit from discontinued operations, net of tax | 495,456 | 495,456 | 330,304 | 825,760 | |||||||
Other comprehensive income for the period | (171,944) | (171,944) | (48,922) | (220,866) | |||||||
Transaction with owners | 1,296,180 | (171,944) | 1,124,236 | 281,382 | 1,405,618 | ||||||
Dividend paid to NCI | (7,843) | (7,843) | |||||||||
Balance as at 30 September 2025 | 1,165,576 12,204,777 | 1,039,240 | 14,409,593 | 3,010,415 | 17,420,008 | ||||||
The annexed notes 1 to 18 form an integral part of these consolidated condensed interim financial statements.
Global Chief Eve cutive OGcer C h ief Financial Of-ficer