Lahore: October 16, 2025
The General Manager |
Pakistan Stock Exchange Limited |
Stock Exchange Building |
Stock Exchange Road |
Karachi - 74000 |
Dear Sir,
FINANCIAL RESULTS FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2025
We wish to inform you that the Board of Directors of Nestlé Pakistan Ltd., in their meeting held on October 16, 2025 at 10:00 am, has approved the audited Financial Statement of the Company for the nine month period ended September 30, 2025 and the results of same are attached as "Annexure A1 to A5" respectively.
Interim Dividend
The Board of Directors has approved an interim Cash Dividend of PKR 78 per share, i.e. 780%
Nestlé Pakistan Ltd.
Maqsood Ahmad Anjum |
Chief Financial Officer |
Condensed Interim Statement of Financial Position |
As at September 30, 2025 |
Sep 30, 2025 | Dec 31, 2024 |
--- (Pak Rupees in '000) --- | |
Sep 30, 2025 | Dec 31, 2024 |
--- (Pak Rupees in '000) --- | |
EQUITY AND LIABILITIES |
Share capital and reserves |
Authorized capital |
75,000,000 (2024: 75,000,000) ordinary shares of PKR 10 each |
ASSETS | |
Non-current assets | |
Property, plant and equipment | 5. |
Capital work-in-progress | |
Intangible assets | |
Deferred taxation | |
Long-term loans |
Note Note
29,848,000 |
1,671,328 |
49,257 |
4,553,246 |
268,219 |
36,390,050 |
29,407,234 |
2,754,932 |
15,775 |
3,370,938 |
256,939 |
35,805,818 |
750,000 750,000
Issued, subscribed and paid up capital |
Share premium - capital reserve |
General reserve - revenue reserve |
Accumulated profits - revenue reserve |
453,496 | 453,496 | |
249,527 | 249,527 | |
280,000 | 280,000 | |
20,221,663 | 17,600,015 | |
21,204,686 | 18,583,038 |
Non-current liabilities |
Long-term finances - secured |
Lease liabilities |
Long-term employee benefits |
- |
1,461,670 |
5,618,078 |
7,079,748 |
1,420,350 |
1,434,907 |
5,030,182 |
7,885,439 |
Current liabilities |
Current portion of long-term liabilities |
Short-term borrowings - secured |
Running finance under mark-up arrangements - secured |
Trade and other payables |
Contract liabilities |
Interest and mark-up accrued |
Customer security deposits |
Income tax payable |
Unclaimed dividend |
Current assets |
Current portion of long-term loans |
Stores and spares |
Stock-in-trade |
Trade debts |
Tax refunds due from Government |
Advances, deposits, prepayments and other receivables |
Cash and bank balances |
1,445,034 3,129,449 |
- 200,000 |
121,703 660,550 |
56,999,243 51,542,606 |
226,485 1,019,490 |
39,451 183,410 |
383,490 334,804 |
5,085,444 - |
90,081 90,081 |
64,390,931 57,160,390 |
92,675,365 83,628,867 |
326,297 |
4,412,541 |
28,871,931 |
3,492,684 |
6,691,591 |
3,505,523 |
8,984,748 |
56,285,315 |
143,475 |
4,446,312 |
26,549,290 |
2,121,563 |
9,041,779 |
3,198,229 |
2,322,401 |
47,823,049 |
92,675,365 83,628,867
Contingencies and commitments | 4. |
Condensed Interim Statement of Profit or Loss
For the nine month period ended September 30, 2025 (un-audited)
Nine-month period ended Three-month period ended Sep 30, 2025 Sep 30, 2024 Sep 30, 2025 Sep 30, 2024
--- (Pak Rupees in '000) --- --- (Pak Rupees in '000) ---
Revenue from contracts with customers - net | 150,818,715 | 149,229,592 | 49,526,393 | 41,545,472 | ||
Cost of goods sold | (93,614,322) | (95,922,256) | (31,849,868) | (27,952,251) | ||
Gross profit | 57,204,393 | 53,307,336 | 17,676,525 | 13,593,221 | ||
Distribution and selling expenses | (24,821,934) | (24,242,344) | (8,049,134) | (6,707,086) | ||
Administration expenses | (5,357,395) | (4,594,733) | (1,698,937) | (1,635,321) | ||
Operating profit | 27,025,064 | 24,470,259 | 7,928,454 | 5,250,814 | ||
Finance cost | (452,780) | (2,283,868) | (119,602) | (713,144) | ||
Other expenses | (2,605,065) | (1,754,657) | (970,299) | (358,730) | ||
(3,057,845) | (4,038,525) | (1,089,901) | (1,071,874) | |||
Other income | 409,003 | 355,405 | 153,567 | 114,922 | ||
Profit before final tax, minimum tax differential and income tax | 24,376,222 | 20,787,139 | 6,992,120 | 4,293,862 | ||
Final tax | - | (24,786) | - | - | ||
Minimum tax differential | (116,486) | - | 23,510 | - | ||
Profit before income tax | 24,259,736 | 20,762,353 | 7,015,630 | 4,293,862 | ||
Income tax | (10,164,639) | (8,476,521) | (3,345,413) | (1,966,559) | ||
Profit after taxation | 14,095,097 | 12,285,832 | 3,670,217 | 2,327,303 | ||
Earnings per share basic and diluted (Rupees) | 310.81 | 270.91 | 80.93 | 51.32 |
Nestlé Pakistan Limited |
Condensed Interim Statement of Comprehensive Income |
For the nine month period ended September 30, 2025 (un-audited) |
Nine-month period ended | Three-month period ended | |
Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2025 Sep 30, 2024 |
--- (Pak Rupees in '000) --- | --- (Pak Rupees in '000) --- | |
Profit after taxation Other comprehensive income | 14,095,097 | 12,285,832 | 3,670,217 | 2,327,303 | |||
- | - | - | - | ||||
- | - | - | - | ||||
Other comprehensive income for the period | - | - | - | - | |||
Total comprehensive income for the period | 14,095,097 | 12,285,832 | 3,670,217 | 2,327,303 |
Items that will not be reclassified |
subsequently to profit or loss (net of tax) |
Items that may be reclassified |
subsequently to profit or loss (net of tax) |
Nestlé Pakistan Limited
Condensed Interim Statement of Changes in Equity
For the nine month period ended September 30, 2025 (un-audited)
Capital
Revenue reserves
Share premium | General reserve | Cash flow hedge reserve | Accumulated profits | Total | ||
--------------------------------------------------- (Rupees in '000) --------------------------------------------------- | ||||||
Balance as at January 01, 2024 (audited) | 453,496 | 249,527 | 280,000 | - | 9,605,034 | 10,588,057 |
Total comprehensive income for the | ||||||
nine months ended September 30, 2024 | ||||||
Profit after taxation | - | - | - | - | 12,285,832 | 12,285,832 |
Other comprehensive income | - | - | - | - | - | - |
- | - | - | - | 12,285,832 | 12,285,832 | |
Final dividend for the year ended December 31, 2023 (Rs. 19 per share) | - | - | - | - | (861,642) | (861,642) |
Interim dividend for the six-month period ended June 30, 2024 (Rs. 121 per share) | - | - | - | (5,033,804) | (5,033,804) | |
Balance as at September 30, 2024 (un-audited) | 453,496 249,527 | 280,000 | - | 15,995,420 | 16,978,443 | |
Share capital
reserves
Total comprehensive income for the year ended December 31, 2024
Profit after taxation
Other comprehensive income
Transaction with owners directly recognized in equity
- | - | - | - | 2,522,139 | 2,522,139 |
- | - | - | 216,196 | 216,196 |
- - - - 2,738,335 2,738,335
Interim dividend for the nine-month period ended
September 30, 2024 (Rs. 25 per share) | - | - | - | - | (1,133,740) | (1,133,740) |
Balance as at December 31, 2024 (audited) | 453,496 | 249,527 | 280,000 | - | 17,600,015 | 18,583,038 |
Total comprehensive income for the | ||||||
nine months ended September 30, 2025 | ||||||
Profit after taxation | - | - | - | - | 14,095,097 | 14,095,097 |
Other comprehensive income | - | - | - | - | - | - |
- | - | - | - | 14,095,097 | 14,095,097 | |
Transaction with owners | ||||||
directly recognized in equity | ||||||
Final dividend for the year ended December 31, 2024 (Rs. 30 per share) | - | - | - | - | (1,360,488) | (1,360,488) |
Interim dividend for the six-month period ended June 30, 2025 (Rs. 223 per share) | - | - | - | - | (10,112,961) | (10,112,961) |
Balance as at September 30, 2025 | 453,496 | 249,527 | 280,000 | - | 20,221,663 | 21,204,686 |
Nestlé Pakistan Limited Condensed Interim Statement of Cash Flows For the nine month period ended September 30, 2025 (un-audited)
Cash flow from operating activities
Sep 30, 2025 Sep 30, 2024
--- (Pak Rupees in '000) ---
Profit before taxation Adjustment for non-cash charges and other items: | 24,376,222 | 20,787,139 |
Depreciation of property, plant and equipment | 3,203,152 | 2,956,586 |
Amortization of intangible assets | 12,714 | - |
Impairment (reversal) / charge - net | 427,093 | - |
Gain on disposal of property, plant and equipment - owned | (70,322) | (48,143) |
Gain on disposal of property, plant and equipment - leased | - | 4,630 |
Provision for Workers' Profit Participation Fund | 1,248,516 | 1,063,134 |
Provision for Workers' Welfare Fund | 594,104 | 514,618 |
Increase in provision for stores and spares | 234,396 | 475,477 |
Increase/(decrease) in provision for stock in trade | (679,848) | 183,831 |
Exchange loss realized | 24,914 | - |
Exchange loss / (gain) unrealized | 236,092 | (28,054) |
Provision for defined benefits plans | 1,167,049 | 2,840,493 |
Finance cost | 452,780 | 2,283,868 |
Profit before working capital changes | 31,343,348 | 31,033,579 |
Effect on cash flow due to working capital changes: | ||
(Increase) / decrease in current assets: | ||
Stores and spares | (200,625) | (705,224) |
Stock-in-trade | (1,642,793) | 3,936,234 |
Trade debts | (1,371,121) | (1,146,369) |
Advances, deposits, prepayments and other receivables | (307,294) | 2,902,618 |
Tax refunds due from Government Increase / (decrease) in current liabilities: | 1,638,355 | 5,618,414 |
Trade and other payables | 5,269,767 | (7,921,689) |
Contract liabilities | (793,005) | (213,890) |
2,593,284 | 2,470,094 | |
Cash generated from operations | 33,936,632 | 33,503,673 |
(Increase) / decrease in long term loans - net | (194,102) | 45,011 |
Increase in customer security deposits | 48,686 | 72,791 |
Contributions by the Company - net | (579,153) | (463,989) |
Workers' Profit Participation Fund paid | (1,170,208) | (1,614,143) |
Workers' Welfare Fund paid | (721,864) | (648,423) |
Finance cost paid | (445,955) | (2,348,533) |
Income taxes paid | (5,666,156) | (8,098,954) |
Net cash generated from operating activities | 25,091,394 | 20,447,433 |
Note
Sep 30, 2025 Sep 30, 2024
--- (Pak Rupees in '000) ---
Cash flow from investing activities | |||
Purchase of property, plant and equipment | (3,077,720) | (2,892,907) | |
Sale proceeds from disposal of property, plant and equipment | 202,018 | 68,298 | |
Net cash used in investing activities | (2,875,703) | (2,824,609) | |
Cash flow from financing activities | |||
Long-term finances repaid | (3,000,000) | - | |
Short-term borrowings obtained | 1,800,000 | 17,300,000 | |
Short-term borrowings repaid | (2,000,000) | (19,300,000) | |
Short term borrowings - net (less than 90 days) | - | - | |
Lease rentals paid | (341,049) | (273,903) | |
Dividends paid | (11,473,449) | (13,410,277) | |
Net cash used in financing activities | (15,014,498) | (15,684,180) | |
Net increase in cash and cash equivalents | 7,201,193 | 1,938,644 | |
Cash and cash equivalents at beginning of the period | 1,661,851 | (1,938,287) | |
Cash and cash equivalents at end of the period | 6 | 8,863,044 | 357 |