NISHAT MILLS LIMITED
N I S H A T
NML/PSX/ 176 April 30, 2025
The General Manager Pakistan Stock Exchange Ltd Stock Exchange Building
Stock Exchange Road, Karachi. PUCARS / TCS
Sub: Financial Results for the 3'd Quarter ended March 31, 2025 (Un-audited)
Dear Sir,
We have to inform you that the Board of Directors of Nishat Mills Limited in their meeting held on Wednesday the 30t" of April, 2025, at 11:00 a.m. at Head Office, 7-Main Gulberg, Lahore, recommended the following: -
Cash Dividend Nil
- Bonus Shares Nil
Right Shares Nil
Any Other Entitlement Nil
Any Other Price-Sensitive Information Nil
Following Standalone and Consolidated Financial Statements of the Company for the 3'dQuarter ended March 31, 2025, are attached as "Annexure":
Statement of Financial Position; Statement of Profit or Loss; Statement of Changes in Equity; and Statement of Cash Flows
The 3'dQuarter Financial Statements for the 9 months ended March 31, 2025 (3'dQuarter Report) of the Company shall be transmitted through PUCARS within the specified time.
Thanking you, Yours truly,
KHALID MAHMO D C H N COMPANY SECRE "AR
Copy to: -
The Director / HOD,
Surveillance, Supervision and Enforcement Department, Securities & Exchange Commission of Pakistan,
NIC Building, 63 Jinnah Avenue, Blue Area,
ISLAMABAD. Fax No. (051) 9100440/TCSfiflfi§ §flfl) fl : 7-MAIN GULBERG, LAHORE PAKISTAN.UAN:11133 22 00 TEL: 92-42-35716351-9 FAX:92-42-35716350 E-MAIL: nishat(§jnishatmiIIs.com
/I£Il/fif£fi£fi#LTItI 8 fitt4h£$[ILM : NISHAT HOUSE, 53-A, LAWRENCE ROAD, LAHORE - PAKISTAN PH : (042) 36367812-15 TLX : 47523 NISHAT PK, FAX : (042) 36367414
NISHAT MILLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
Un-audited | Audited | Un-audited | Audited | |||
Note | 31 March | 30 June | Note | 31 March | 30 June | |
2025 | 2024 | 2025 | 2024 | |||
(Rupees in thousand) (Rupees in thousand) | ||||||
EQUITY AND LIABILITIES | ASSETS | |||||
SHARE CAPITAL AND RESERVES | NON-CURRENT ASSETS | |||||
Authorized share capital | Property, plant and equipment 7 | 64,133,504 | 60,043,195 | |||
1,100,000,000 (30 June 2024: 1,100,000,000) | Investment properties | 465,078 | 467,504 | |||
ordinary shares of Rupees 10 each | 11,000,000 | 11,000,000 | Long term investments | 80,788,730 | 66,811,200 | |
Long term loans | 372,893 | 339,213 | ||||
Issued, subscribed and paid-up share capital | Long term deposits | 385,070 | 428,572 | |||
351,599,848 (30 June 2024: 351,599,848) | 146,145,275 | 128,089,684 | ||||
ordinary shares of Rupees 10 each | 3,515,999 | 3,515,999 | ||||
Reserves | 128,513,941 | 111,294,014 | CURRENT ASSETS | |||
Total equity | 132,029,940 | 114,810,013 | ||||
Stores, spare parts and loose tools | 7,503,488 | 6,049,021 | ||||
LIABILITIES | Stock-in-trade | 58,219,463 | 37,447,381 | |||
Trade debts | 26,284,080 | 22,374,547 | ||||
NON-CURRENT LIABILITIES | Loans and advances | 8,732,408 | 7,819,991 | |||
Short term deposits and prepayments | 381,248 | 513,937 | ||||
Long term financing- secured | 5 | 21,224,855 | 23,672,520 | Other receivables | 8,091,038 | 11,691,606 |
Deferred liabilities | 7,901,266 | 5,262,486 | Accrued interest | 77,842 | 130,923 | |
29,126,121 | 28,935,006 | Cash and bank balances | 1,040,334 | 2,722,355 | ||
110,329,901 | 88,749,761 | |||||
CURRENT LIABILITIES | ||||||
Trade and other payables | 16,925,233 | 14,616,264 | ||||
Accrued mark-up | 1,418,287 | 1,507,965 | ||||
Short term borrowings | 69,852,407 | 49,789,624 | ||||
Current portion of non-current liabilities | 4,608,275 | 4,400,172 | ||||
Unclaimed dividend | 120,169 | 116,289 | ||||
Provision for taxation and levy - net | 2,394,744 | 2,664,112 | ||||
95,319,115 | 73,094,426 | |||||
TOTAL LIABILITIES | 124,445,236 | 102,029,432 | ||||
CONTINGENCIES AND COMMITMENTS | 6 | |||||
TOTAL EQUITY AND LIABILITIES | 256,475,176 | 216,839,445 | TOTAL ASSETS | 256,475,176 | 216,839,445 | |
CHIEF FINANCIAL OFFICER
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR
NISHAT MILLS LIMITED UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED 31 MARCH 2025 (UN-AUDITED)
PERIOD ENDED | QUARTER ENDED | ||
31 March 2025 | 31 March 2024 | 31 March 2025 | 31 March 2024 |
REVENUE | 8 | 134,676,293 | 120,266,712 | 45,259,769 | 43,295,817 |
COST OF SALES | 9 | (119,436,440) | (107,124,949) | (40,566,904) | (39,459,025) |
GROSS PROFIT | 15,239,853 | 13,141,763 | 4,692,865 | 3,836,792 | |
DISTRIBUTION COST | (5,923,764) | (4,904,208) | (1,964,098) | (1,916,068) | |
ADMINISTRATIVE EXPENSES | (2,272,126) | (1,959,820) | (761,840) | (675,913) | |
OTHER EXPENSES | (124,784) | (90,370) | (22,267) | 37,814 | |
(8,320,674) | (6,954,398) | (2,748,205) | (2,554,167) | ||
6,919,179 | 6,187,365 | 1,944,660 | 1,282,625 | ||
OTHER INCOME | 7,981,799 | 10,612,341 | 1,847,205 | 2,394,666 | |
PROFIT FROM OPERATIONS | 14,900,978 | 16,799,706 | 3,791,865 | 3,677,291 | |
FINANCE COST | (6,473,754) | (8,056,076) | (1,902,409) | (2,971,017) | |
PROFIT BEFORE TAXATION AND LEVY | 8,427,224 | 8,743,630 | 1,889,456 | 706,274 | |
LEVY | (1,544,000) | (1,778,037) | (548,918) | (627,676) | |
PROFIT BEFORE TAXATION | 6,883,224 | 6,965,593 | 1,340,538 | 78,598 | |
TAXATION | (2,044,000) | (1,617,963) | (644,665) | (364,424) | |
PROFIT / (LOSS) AFTER TAXATION | 4,839,224 | 5,347,630 | 695,873 | (285,826) | |
EARNINGS / (LOSS) PER SHARE- BASIC AND DILUTED (RUPEES) | 10 | 13.76 | 15.21 | 1.98 | (0.81) |
CHIEF FINANCIAL OFFICER
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR
NISHAT MILLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED 31 MARCH 2025 ( UN-AUDITED)
(RUPEES IN THOUSAND)
SHARE CAPITAL | RESERVES | TOTAL EQUITY | ||||||
CAPITAL RESERVES | REVENUE RESERVES | TOTAL | ||||||
Premium on issue of right shares | Fair value reserve FVTOCI investments | Sub Total | General reserve | Unappropriated profit | Sub Total | |||
Balance as at 30 June 2023 - (audited) Transaction with owners- Final dividend for the year ended | 3,515,999 | 5,499,530 | 7,894,448 | 13,393,978 | 60,688,028 | 12,166,114 | 72,854,142 | 86,248,120 | 89,764,119 |
30 June 2023 @ Rupees 5.00 per share | - | - | - | - | - | (1,757,999) | (1,757,999) | (1,757,999) | (1,757,999) |
Transferred to general reserve | - | - | - | - | 10,408,000 | (10,408,000) | - | - | - |
Profit for the period | - | - | - | - | - | 5,347,630 | 5,347,630 | 5,347,630 | 5,347,630 |
Other comprehensive income for the period | - | - | 10,283,058 | 10,283,058 | - | - | - | 10,283,058 | 10,283,058 |
Total comprehensive income for the period | - | - | 10,283,058 | 10,283,058 | - | 5,347,630 | 5,347,630 | 15,630,688 | 15,630,688 |
Balance as at 31 March 2024 - (un-audited) | 3,515,999 | 5,499,530 | 18,177,506 | 23,677,036 | 71,096,028 | 5,347,745 | 76,443,773 | 100,120,809 | 103,636,808 |
Transfer of fair value gain on buy back of FVTOCI | |||||||||
investment to unappropriated profit | - | - | (5,190) | (5,190) | - | 5,190 | 5,190 | - | - |
Profit for the period | - | - | - | - | - | 1,021,223 | 1,021,223 | 1,021,223 | 1,021,223 |
Other comprehensive income for the period | - | - | 10,151,982 | 10,151,982 | - | - | - | 10,151,982 | 10,151,982 |
Total comprehensive income for the period | - | - | 10,151,982 | 10,151,982 | - | 1,021,223 | 1,021,223 | 11,173,205 | 11,173,205 |
Balance as at 30 June 2024 - (audited) | 3,515,999 | 5,499,530 | 28,324,298 | 33,823,828 | 71,096,028 | 6,374,158 | 77,470,186 | 111,294,014 | 114,810,013 |
Transaction with owners- Final dividend for the year ended | |||||||||
30 June 2024 @ Rupees 3.00 per share | - | - | - | - | - | (1,054,800) | (1,054,800) | (1,054,800) | (1,054,800) |
Transferred to general reserve | - | - | - | - | 5,319,000 | (5,319,000) | - | - | - |
Transfer of fair value gain on buy back of FVTOCI | |||||||||
investment to unappropriated profit | - | - | (4,931) | (4,931) | - | 4,931 | 4,931 | - | - |
Transfer of fair value gain on sale of investment of FVTOCI | |||||||||
investment to unappropriated profit | - | - | (115,904) | (115,904) | - | 115,904 | 115,904 | - | - |
Profit for the period | - | - | - | - | - | 4,839,224 | 4,839,224 | 4,839,224 | 4,839,224 |
Other comprehensive income for the period | - | - | 13,435,503 | 13,435,503 | - | - | - | 13,435,503 | 13,435,503 |
Total comprehensive income for the period | - | - | 13,435,503 | 13,435,503 | - | 4,839,224 | 4,839,224 | 18,274,727 | 18,274,727 |
Balance as at 31 March 2025 - (un-audited) | 3,515,999 | 5,499,530 | 41,638,966 | 47,138,496 | 76,415,028 | 4,960,417 | 81,375,445 | 128,513,941 | 132,029,940 |
CHIEF FINANCIAL OFFICER
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR
NISHAT MILLS LIMITED UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED 31 MARCH 2025 (UN-AUDITED)
PERIOD ENDED | ||
31 March 2025 | 31 March 2024 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Cash used in operations | 11 | (9,984,870) | (2,043,051) | |
Finance cost paid | (6,563,432) | (8,039,942) | ||
Income tax paid - net | (2,273,849) | (1,157,553) | ||
Levy paid | (692,519) | (740,874) | ||
Exchange gain on forward exchange contracts received | 242,944 | 220,685 | ||
Net increase in long term loans | (20,508) | (40,328) | ||
Net decrease / (increase) in long term deposits | 271,770 | (667,500) | ||
Net cash used in operating activities | (19,020,464) | (12,468,563) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Capital expenditure on property, plant and equipment | (7,220,921) | (14,026,828) | ||
Proceeds from sale of property, plant and equipment | 175,252 | 117,871 | ||
Investments made | (581,583) | (3,576,221) | ||
Proceeds from sale of investment | 1,941,844 | 30,000 | ||
Loan to Nishat Linen (Private) Limited - subsidiary company | (33,015,348) | (34,738,320) | ||
Repayment of loan by Nishat Linen (Private) Limited - subsidiary company | 32,283,813 | 41,030,486 | ||
Interest received | 769,959 | 2,332,511 | ||
Dividends received | 5,792,992 | 6,771,713 | ||
Net cash from / (used in) investing activities | 146,008 | (2,058,788) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Proceeds from long term financing | - | 13,640,745 | ||
Repayment of long term financing | (2,061,884) | (2,207,370) | ||
Short term borrowings - net | 20,298,123 | 4,619,243 | ||
Dividend paid | (1,050,920) | (1,749,649) | ||
Net cash from financing activities | 17,185,319 | 14,302,969 | ||
Net decrease in cash and cash equivalents | (1,689,137) | (224,382) | ||
Net foreign exchange difference on translating cash and bank balances | 7,116 | (40,044) | ||
Cash and cash equivalents at the beginning of the period | 2,722,355 | 2,410,566 | ||
Cash and cash equivalents at the end of the period | 1,040,334 | 2,146,140 | ||
CHIEF FINANCIAL OFFICER
The annexed notes form an integral part of these unconsolidated condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR
NISHAT MILLS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
Un-audited | Audited | Un-audited | Audited | ||
Note | 31 March | 30 June | Note | 31 March | 30 June |
2025 | 2024 | 2025 | 2024 |
(Rupees in thousand) (Rupees in thousand)
EQUITY AND LIABILITIES ASSETS
SHARE CAPITAL AND RESERVES NON-CURRENT ASSETS
Authorized share capital Property, plant and equipment 8 75,061,198 71,700,074 Intangible Assets 701,816 677,647
1,100,000,000 (30 June 2024: 1,100,000,000) | Right-of-use assets | 1,628,881 | 2,069,327 | ||||
ordinary shares of Rupees 10 each | 11,000,000 | 11,000,000 | Long term investments | 76,539,396 | 70,842,826 | ||
Long term loans | 578,932 | 484,723 | |||||
Long term deposits | 600,510 | 625,535 | |||||
Issued, subscribed and paid-up share capital | 155,110,733 | 146,400,132 | |||||
351,599,848 (30 June 2024: 351,599,848) | |||||||
ordinary shares of Rupees 10 each | 3,515,999 | 3,515,999 | |||||
Reserves | 143,022,115 | 138,353,201 | |||||
Equity attributable to equity holders of the | |||||||
Holding Company | 146,538,114 | 141,869,200 | CURRENT ASSETS | ||||
Non-controlling interest | 13,382,735 | 15,978,611 | Stores, spare parts and loose tools | 8,492,693 | 7,003,908 | ||
Stock-in-trade | 72,894,161 | 51,724,654 | |||||
Total equity | 159,920,849 | 157,847,811 | Trade debts | 26,540,042 | 38,376,196 | ||
Loans and advances | 1,198,252 | 816,688 | |||||
Short term deposits and prepayments | 791,174 | 818,434 | |||||
LIABILITIES | Other receivables | 8,685,257 | 13,079,543 | ||||
Accrued interest | 22,348 | 40,879 | |||||
Short term investments | 7,825,435 | 4,264,954 | |||||
NON-CURRENT LIABILITIES | Cash and bank balances | 11,572,794 | 11,180,968 | ||||
Long term financing- secured | 6 | 21,231,310 | 23,682,746 | 138,022,156 | 127,306,224 | ||
Lease liabilities | 1,154,568 | 1,583,612 | |||||
Security deposits | 365,610 | 288,360 | |||||
Retirement benefit obligation | 67,445 | 61,630 | |||||
Deferred liabilities | 9,378,135 | 6,900,539 | |||||
32,197,068 | 32,516,887 | ||||||
CURRENT LIABILITIES | |||||||
Trade and other payables | 20,868,132 | 19,827,841 | |||||
Accrued mark-up | 1,426,653 | 1,529,600 | |||||
Short term borrowings | 70,406,658 | 53,676,569 | |||||
Current portion of non-current liabilities | 5,482,454 | 5,399,404 | |||||
Unclaimed dividend | 151,443 | 142,551 | |||||
Provision for taxation and levy - net | 2,679,632 | 2,765,693 | |||||
101,014,972 | 83,341,658 | ||||||
TOTAL LIABILITIES | 133,212,040 | 115,858,545 | |||||
CONTINGENCIES AND COMMITMENTS | 7 | ||||||
TOTAL EQUITY AND LIABILITIES | 293,132,889 | 273,706,356 | TOTAL ASSETS | 293,132,889 | 273,706,356 |
CHIEF FINANCIAL OFFICER
The annexed notes form an integral part of these consolidated condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR
NISHAT MILLS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED 31 MARCH 2025
(UN-AUDITED)
PERIOD ENDED | ||
31 March 2025 | 31 March 2024 | |
QUARTER ENDED | ||
31 March 2025 | 31 March 2024 | |
Note
(Rupees in thousand)
REVENUE | 9 | 155,948,666 | 159,350,195 | 51,291,428 | 56,507,526 | |||
COST OF SALES | 10 | (131,744,417) | (134,556,048) | (43,719,386) | (48,403,985) | |||
GROSS PROFIT | 24,204,249 | 24,794,147 | 7,572,042 | 8,103,541 | ||||
DISTRIBUTION COST | (10,260,428) | (9,028,523) | (3,532,341) | (3,349,359) | ||||
ADMINISTRATIVE EXPENSES | (3,530,905) | (3,106,460) | (1,197,592) | (1,070,948) | ||||
OTHER EXPENSES | 11 | (4,969,609) | (106,719) | (51,458) | 19,661 | |||
(18,760,942) | (12,241,702) | (4,781,391) | (4,400,646) | |||||
5,443,307 | 12,552,445 | 2,790,651 | 3,702,895 | |||||
OTHER INCOME | 5,094,679 | 4,685,625 | 1,468,042 | 1,701,476 | ||||
PROFIT FROM OPERATIONS | 10,537,986 | 17,238,070 | 4,258,693 | 5,404,371 | ||||
FINANCE COST | (6,893,009) | (8,467,272) | (2,026,145) | (3,119,900) | ||||
3,644,977 | 8,770,798 | 2,232,548 | 2,284,471 | |||||
SHARE OF NET PROFIT / (LOSS) OF ASSOCIATES ACCOUNTED FOR USING THE EQUITY METHOD | (89,137) | 2,888,639 | 40,044 | 1,219,285 | ||||
PROFIT BEFORE TAXATION AND LEVY | 3,555,840 | 11,659,437 | 2,272,592 | 3,503,756 | ||||
LEVY | (1,925,105) | (2,149,757) | (664,313) | (410,210) | ||||
PROFIT BEFORE TAXATION | 1,630,735 | 9,509,680 | 1,608,279 | 3,093,546 | ||||
TAXATION | (2,813,550) | (1,516,225) | (649,274) | (1,057,450) | ||||
PROFIT / (LOSS) AFTER TAXATION | (1,182,815) | 7,993,455 | 959,005 | 2,036,096 | ||||
SHARE OF PROFIT / (LOSS) ATTRIBUTABLE TO: | ||||||||
EQUITY HOLDERS OF HOLDING COMPANY | (148,039) | 6,103,277 | 640,818 | 1,280,797 | ||||
NON-CONTROLLING INTEREST | (1,034,776) | 1,890,178 | 318,187 | 755,299 | ||||
(1,182,815) | 7,993,455 | 959,005 | 2,036,096 | |||||
EARNINGS / (LOSS) PER SHARE- BASIC AND DILUTED (RUPEES) | 12 | (0.42) | 17.36 | 1.82 | 3.64 |
The annexed notes form an integral part of these consolidated condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER
NISHAT MILLS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE NINE MONTHS ENDED 31 MARCH 2025
Attributable to equity holders of the holding company | Non-controlling interest | Total equity | |||||||||||||
Share capital | Capital reserves | Revenue reserves | Total reserves | Shareholders' equity | |||||||||||
Premium on issue of right shares | Fair value reserve FVTOCI investments | Exchange translation reserve | Statutory reserve | Capital redemption reserve fund | Maintenance reserve | Overhauling Reserve | Sub total | General reserve | Unappropriated profit / (loss) | Sub total | |||||
------------------------------------------------------------------------------------------------------------------------------------------------(Rupees in thousand)--------------------------------------------------------------------------------------------------------------------------------
Transaction with owners - Dividend relating to year 2023 paid to non-controlling interest | - | - | - | - | - | - | - | - | ||
Transaction with owners- Final dividend for the year ended 30 June 2023 @ Rupees 5.00 per share | - | - | - | - | - | - | - | - | - | - |
14,639,269 | 136,166,341 |
(954,006) | (954,006) |
- | (1,757,999) |
- | - |
Balance as at 30 June 2023- (Audited) 3,515,999 5,499,530 1,306,117 726,591 13,424 111,002 1,344,863 - 9,001,527 97,449,214 11,560,332 109,009,546 118,011,073 121,527,072
- - - -
(1,757,999) (1,757,999) (1,757,999) (1,757,999)
Transferred to general reserve - - - - - - - - - 9,802,000 (9,802,000) - - -
Share issuance costs - - - - - - - - - - (5,911) (5,911) (5,911) (5,911) - (5,911)
Adjustment of fair value reserve to un-
appropriated profit - - (993) - - - - - (993) - 993 993 - - - -
- - | - - | - 11,342,481 | - (80,312) | - - | - - | - - | - - | - 11,262,169 | - - | 6,103,277 (244) | 6,103,277 (244) | 6,103,277 11,261,925 | 6,103,277 11,261,925 | 1,890,178 - | 7,993,455 11,261,925 |
Profit for the period
Other comprehensive income / (loss) for the period
Total comprehensive income / (loss) for the
period - - 11,342,481 (80,312) - - - - 11,262,169 - 6,103,033 6,103,033 17,365,202 17,365,202 1,890,178 19,255,380
Transfer of Maintenance Reserve - - - - - - (189,156) - (189,156) - 189,156 189,156 - - - -
Balance as at 31 March 2024- (Un-audited) 3,515,999 5,499,530 12,647,605 646,279 13,424 111,002 1,155,707 - 20,073,547 107,251,214 6,287,604 113,538,818 133,612,365 137,128,364 15,575,441 152,703,805
Transfer of maintenance reserve | - | - - | - - | - (77,377) | - (77,377) | - 77,377 | 77,377 | - | - | - | - | |||||
Transferred to statutory reserve | - | - - | - 1,019 | - - | 1,019 | - (1,019) | (1,019) | - | - | - | - | |||||
Share issuance costs | - | - - | - - | - - | - - | - 5,911 | 5,911 | 5,911 | 5,911 | - | 5,911 | |||||
Adjustment of fair value reserve to unappropriated profit | - | - 993 | - - | - - | 993 | - (993) | (993) | - | - | - | - | |||||
Transaction with owners- Dividend relating to year 2023 paid to non-controlling interest | - | - - | - - | - - | - - | - - | - | - | - | (347,004) | (347,004) | |||||
Profit for the period Other comprehensive income for the period | - - | - - | -2,941,838 | -16,685 | - - | - - | - - | - - | -2,958,523 | - - | 1,764,946 11,456 | 1,764,946 11,456 | 1,764,946 2,969,979 | 1,764,946 2,969,979 | 750,174 - | 2,515,120 2,969,979 |
Total comprehensive income for the period - - 2,941,838 16,685 - - - - 2,958,523 - 1,776,402 | 1,776,402 | 4,734,925 | 4,734,925 | 750,174 | 5,485,099 | |||||||||||
Balance as at 30 June 2024- (Audited) 3,515,999 5,499,530 15,590,436 662,964 14,443 111,002 1,078,330 - 22,956,705 107,251,214 8,145,282 | 115,396,496 | 138,353,201 | 141,869,200 | 15,978,611 | 157,847,811 | |||||||||||
Transaction with owners- Final dividend for the year ended 30 June 2024 @ Rupees 3.00 per share - - - - - - - - - - (1,054,800) | (1,054,800) | (1,054,800) | (1,054,800) | - | (1,054,800) | |||||||||||
Transferred to general reserve | - | - | - | - | - | - - | - - |
(7,090,000) | - | - | - - - | |
13,054 | 13,054 | - | - - - |
7,090,000
Transfer of maintenance reserve Extinguishment of maintenance reserve for the purpose of creating the overhauling reserve pursuant to the Amendment Agreement | - | - - | - | - | - | (13,054) | - | (13,054) - | |||||||||
- | - - | - - | - | (1,065,276) | (1,065,276) | - | 1,065,276 | 1,065,276 | - | - - - | |||||||
Transfer to overhauling reserve | - | - - | - - | - | - | 1,732,541 | 1,732,541 | (1,732,541) | - | (1,732,541) | - | - - - | |||||
Transaction with owners - Dividend relating to year 2024 and year 2025 paid to non-controlling interest | - | - - | - | - | - | - | - - | - - | - | - | - (1,561,100) | (1,561,100) | |||||
Transfer of fair value gain on sale of investment of FVTOCI investment to unappropriated profit | - | - (115,904) | - | - | - | - | - (115,904) | - 115,904 | 115,904 | - | - - | - | |||||
Profit / (Loss) for the period | - | - | - | - | - | - | - | - | - | - | (148,039) | (148,039) | (148,039) | (148,039) | (1,034,776) | (1,182,815) | |
Other comprehensive income for the period | - | - | 5,802,8 | 22 | 44,508 | - | - | - | - | 5,847,330 | - | 24,423 | 24,423 | 5,871,753 | 5,871,753 | - | 5,871,753 |
Total comprehensive income / (loss) for the | |||||||||||||||||
- - 5,802,822 44,508 - - - - 5,847,330 - (123,616) | (123,616) | 5,723,714 | 5,723,714 | (1,034,776) | 4,688,938 |
3,515,999 5,499,530 21,277,354 707,472 14,443 111,002 - 1,732,541 29,342,342 112,608,673 1,071,100 | 113,679,773 | 143,022,115 | 146,538,114 | 13,382,735 | 159,920,849 |
period
CHIEF FINANCIAL OFFICER
Balance as at 31 March 2025- (Un-audited)
The annexed notes form an integral part of these consolidated condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR
NISHAT MILLS LIMITED CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED 31 MARCH 2025 (UN-AUDITED)
PERIOD ENDED | ||
31 March 2025 | 31 March 2024 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Cash generated from operations | 13 | 4,373,987 | 7,503,325 | |
Finance cost paid | (6,956,098) | (8,440,852) | ||
Income tax paid | (3,267,990) | (2,140,971) | ||
Long term security deposits - net | 77,250 | 12,650 | ||
Exchange gain on forward exchange contracts received | 242,944 | 220,685 | ||
Net increase in retirement benefit obligation | 4,938 | 5,145 | ||
Net increase in long term loans | (97,945) | (65,777) | ||
Net decrease / (increase) in long term deposits | 251,878 | (688,348) | ||
Net cash used in operating activities | (5,371,036) | (3,594,143) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Capital expenditure on property, plant and equipment | (8,189,954) | (14,563,709) | ||
Proceeds from sale of property, plant and equipment | 184,412 | 134,097 | ||
Dividends received | 3,867,295 | 5,700,151 | ||
Loans and advances to associated company | - | (25,280) | ||
Repayment of loan by associated company | 8,000 | - | ||
Interest received | 311,090 | 470,136 | ||
Proceeds from sale of investments | 19,441,181 | 312,874,067 | ||
Proceeds from sale of investment in subsidiary company | 1,750,999 | - | ||
Investments made | (22,485,979) | (319,889,321) | ||
Net cash used in investing activities | (5,112,956) | (15,299,859) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Proceeds from long term financing | - | 13,640,745 | ||
Repayment of long term financing | (2,066,002) | (2,212,018) | ||
Repayment of lease liabilities | (812,427) | (728,611) | ||
Exchange differences on translation of net investments in | ||||
foreign subsidiaries | 44,508 | (80,312) | ||
Short term borrowings - net | 16,965,429 | 7,175,219 | ||
Dividend paid | (2,607,008) | (2,700,543) | ||
Net cash from financing activities | 11,524,500 | 15,094,480 | ||
Net increase / (decrease) in cash and cash equivalents | 1,040,508 | (3,799,522) | ||
Net foreign exchange difference on translating cash and | ||||
bank balances Cash and cash equivalents of subsidiary company at | 7,116 | (40,044) | ||
disposal date | (655,798) | - | ||
Cash and cash equivalents at the beginning of the period | 11,180,968 | 9,159,628 | ||
Cash and cash equivalents at the end of the period | 11,572,794 | 5,320,062 | ||
The annexed notes form an integral part of these consolidated condensed interim financial statements.
CHIEF FINANCIAL OFFICERCHIEF EXECUTIVE OFFICER DIRECTOR