Financial Results for the Year Ended 2025-12-31

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building

Stock Exchange Road

Karachi - 74000

Maqsood Ahmed Anjum

Chief Financial Officer

Nestlé Pakistan Limited

Statement of Profit or Loss

For year ended December 31, 2025

2025

2024

--- (Pak Rupees in '000) ---

199,069,166

193,205,756

(126,812,049)

(123,681,762)

72,257,117

69,523,994

(33,610,875)

(32,973,536)

(6,524,932)

(7,001,233)

32,121,310

29,549,225

(570,217)

(2,589,499)

(3,035,404)

(2,071,201)

1,165,439

615,611

29,681,128

25,504,136

-

(24,785)

-

(199,104)

29,681,128

25,280,247

(12,437,207)

(10,472,276)

17,243,921

14,807,971

380.24

326.53

Revenue from contracts with customers

Cost of goods sold

Gross profit

Distribution and selling expenses

Administration expenses

Operating profit

Finance cost

Other expenses

Other income

Profit before final tax, minimum tax differential and income tax

Final tax

Minimum tax differential

Profit before income tax

Income tax

Profit after taxation

Earnings per share basic and diluted (Rupees)

ASSETS

Non-current assets

Property, plant and equipment

30,131,584

29,407,234

Capital work-in-progress

2,526,967

2,754,932

Intangible assets

95,541

15,775

Deferred taxation

4,658,016

3,370,938

Long-term loans

583,462

256,939

Current assets

37,995,570

35,805,818

Current portion of long-term loans

172,020

143,475

Stores and spares

4,355,163

4,446,312

Stock-in-trade

24,818,457

26,549,290

Trade debts

3,177,030

2,121,563

Sales tax recoverable

5,923,212

8,329,946

Income tax recoverable

-

711,833

Advances, deposits, prepayments and other receivables

3,954,754

3,198,229

Short term investments

9,588,794

-

Cash and bank balances

3,908,396

2,322,401

Total Assets

93,893,396

83,628,867

EQUITY AND LIABILITIES

Share capital and reserves

Authorized capital

453,496

453,496

249,527

249,527

280,000

280,000

20,285,092

17,600,015

Non-current liabilities

21,268,115

18,583,038

Long-term finances - secured

-

1,420,350

Lease liabilities

1,326,275

1,434,907

Long-term employee benefits

5,532,046

5,030,182

6,858,321

7,885,439

Current liabilities

Current portion of long-term liabilities

1,907,694

3,129,449

Short-term borrowings - secured

-

200,000

Running finance under mark-up arrangements - secured

-

660,550

Trade and other payables

60,335,267

51,542,606

Contract liabilities

850,973

1,019,490

Income tax payable

2,126,681

-

Interest and mark-up accrued

956

183,410

Customer security deposits

440,742

334,804

Unclaimed dividend

104,647

90,081

65,766,960

57,160,390

Total equity and liabilities

93,893,396

83,628,867

Annexure-A3

Nestlé Pakistan Limited

Statement of Changes in Equity

For year ended December 31, 2025

Share capital

Capital

reserves

Revenue reserves

Share

General

Cash flow

Accumulated

premium

reserve

hedge reserve

profits

Total

------------------------------------------- (Rupees in '000) -------------------------------------------

Total comprehensive income for the

year ended December 31, 2024

Profit after taxation

Other comprehensive income

-

-

-

-

-

-

-

-

-

14,807,971

14,807,971

216,196

216,196

15,024,167

15,024,167

Transaction with owners

directly recognized in equity

Final dividend for the year ended

December 31, 2023 (Rs. 19 per share)

-

Interim dividend for the six-month period ended

June 30, 2024 (Rs. 111 per share)

-

Interim dividend for the nine-month period ended

September 30, 2024 (Rs. 25 per share)

-

Total comprehensive income for the

year ended December 31, 2025

Profit after taxation

Other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

17,243,921

451,874

17,695,795

Transaction with owners

directly recognized in equity

Final dividend for the year ended

December 31, 2024 (Rs. 30 per share)

-

Interim dividend for the six-month period ended

June 30, 2025 (Rs. 223 per share)

-

Interim dividend for the nine-month period ended

September 30, 2025 (Rs. 78 per share)

-

Cash flow from operating activities

Profit before taxation

29,681,128

25,280,247

Adjustment for non-cash charges and other items:

Depreciation of property, plant and equipment

4,348,393

3,974,702

Amortization of intangible assets

18,835

544

Impairment charge / (reversal) - net

427,093

(20,277)

Gain on disposal of property, plant and equipment - owned

(227,489)

(70,544)

(Gain) / loss on termination of lease

(20,546)

50

Provision for Workers' Profit Participation Fund

1,521,167

1,303,641

Provision for Workers' Welfare Fund

741,176

576,254

Increase in provision for stores and spares

215,654

475,477

Reversal of provision for stock in trade - net

(311,476)

(519,036)

Allowance for expected credit losses

-

(1,570)

Exchange gain unrealized

(169,562)

(47,071)

Final tax and minimum tax differential

-

223,889

Provision for defined benefits plans

1,908,614

2,893,104

Finance cost

570,217

2,589,499

Profit before working capital changes

38,703,204

36,658,909

Effect on cash flow due to working capital changes:

(Increase) / decrease in current assets:

Stores and spares

(124,505)

(910,080)

Stock-in-trade

2,042,309

7,408,230

Trade debts

(1,055,467)

112,618

Advances, deposits, prepayments and other receivables

(756,525)

2,531,179

Sales tax recoverable

2,406,734

8,838,563

Increase / (decrease) in current liabilities:

-

Trade and other payables

8,616,326

(5,081,846)

Contract liabilities

(168,517)

311,026

10,960,355

13,209,690

Cash generated from operations

49,663,560

49,868,599

(Increase) / decrease in long term loans - net

(355,068)

19,928

Increase in customer security deposits - interest free

105,939

92,831

Contributions by the Company - net

(954,877)

(667,292)

Workers' Profit Participation Fund paid

(1,297,349)

(1,420,562)

Workers' Welfare Fund paid

(594,785)

(648,422)

Finance cost paid

(752,671)

(2,876,071)

Final tax and minimum tax differential paid

-

(223,889)

Income taxes paid

(10,885,771)

(12,764,635)

Nestlé Pakistan Limited

Statement of Cash Flows (continued)

For year ended December 31, 2025

2025

2024

Cash flow from investing activities

--- (Pak Rupees

in '000) ---

Purchase of property, plant and equipment

(5,024,367)

(4,402,187)

Purchase of short-term investments

(9,588,794)

Sale proceeds from disposal of property, plant and equipment

324,847

91,704

Net cash used in investing activities

(14,288,313)

(4,310,484)

Cash flow from financing activities

Long-term loans repaid

(3,000,000)

(3,500,000)

Short-term borrowings obtained

1,800,000

17,300,000

Short-term borrowings repaid

(2,000,000)

(22,600,000)

Principal portion of lease liabilities paid

(197,968)

(125,849)

Dividends paid

(14,996,152)

(14,544,017)

Net cash used in financing activities

(18,394,120)

(23,469,866)

Net increase in cash and cash equivalents

2,246,545

3,600,137

Cash and cash equivalents at beginning of the year

1,661,851

(1,938,287)

Cash and cash equivalents at end of the year

3,908,396

1,661,850