Nishat Mills LimitedPSX: NML

Financial Results for the 3rd Quarter ended March 31, 2026 (Un-audited)

· Issued by Nishat Mills Limited
NISHAT MILLS LIMITED

N I S H A T

NML/PSX/534 April 30, 2026

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, 2026 (Un-audited)

Dear Sir,

We have to inform you that the Board of Directors of Nishat Mills Limited in their meeting held on Thursday the 30t" of April, 2026, at 12:00 p.m. at Head Office, 7- Main Gulberg Lahore, recommended the following: -

  1. Cash Dividend Nil

  2. Bonus Shares Nil

  3. Right Shares Nil
  4. Any Other kntitlement Nil
  5. Any Other Price-Sensitive Information Nil

Following Un-audited Condensed Interim Un-consolidated and Consolidated Financial Statements of the Company for the 3" Quarter ended March 31, 2026, are attached as "Annexure":

Statement ofFinancial Position;

  • Statement ofProfit or Loss; Statement of Changes in Equity; and

  • Statement of Cash Flows

The Quarterly Un-audited Condcnsed Interim Condensed Interim Un-consolidated and Consolidated Financial Statements for the 3'd Quarter ended March 31, 2026 (3" Quarter Report) of the Company shall be transmitted through PUCARS within the specified time.



Thanking you, Yours truly,

KHALID MAH COMPANY SE

Copy to: -

The Director / HOD,

HOHAN

Surveillance, Supervision and Enforcement Department, Securities & Exchange Commission ofPal‹istan,

NIC Building, 63 Jinnah Avenue, Blue Area,

ISLAMABAD. Fax No. (051) 9100440/TCS

fl §§ §flfl) : 7-f?AIt! GULBERE, LAHORE PAñlSTAN.UAN:1113322 00 TEL: 9242-357•6351-9 F/X:92-42-35716350 E-! AiL: nishaty12nishatmlIls.com 1£G/gffit£g IJTTILt é 7g4/t£fig££fT: 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 2026

Un-audited

Audited

Un-audited

Audited

Note

31 March

30 June

Note

31 March

30 June

2026

2025

2026

2025

(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

65,796,958

64,610,007

1,100,000,000 (30 June 2025: 1,100,000,000)

Right-of-use assets

116,836

200,810

ordinary shares of Rupees 10 each

11,000,000

11,000,000

Investment properties

462,094

464,275

Long term investments

88,071,640

94,476,346

Issued, subscribed and paid-up share capital

Long term loans

387,343

388,612

351,599,848 (30 June 2025: 351,599,848)

Long term deposits

263,032

392,943

ordinary shares of Rupees 10 each

3,515,999

3,515,999

155,097,903

160,532,993

Reserves

138,152,496

141,083,675

Total equity

141,668,495

144,599,674

CURRENT ASSETS

LIABILITIES

Stores, spare parts and loose tools

6,788,677

6,728,076

Stock-in-trade

53,755,471

51,611,063

NON-CURRENT LIABILITIES

Trade debts

27,687,597

26,432,541

Loans and advances

11,466,809

8,460,300

Long term financing - secured

5

24,787,000

25,371,377

Short term deposits and prepayments

560,036

554,783

Lease liabilities

40,088

131,218

Other receivables

9,459,622

9,489,952

Deferred liabilities

8,526,623

10,498,792

Accrued interest

97,998

72,057

33,353,711

36,001,387

Cash and bank balances

366,682

886,185

110,182,892

104,234,957

CURRENT LIABILITIES

Trade and other payables

18,941,398

15,954,636

Accrued mark-up

1,080,205

1,133,101

Short term borrowings

65,276,478

60,279,970

Current portion of non-current liabilities

4,721,581

4,721,464

Unclaimed dividend

121,884

119,887

Provision for taxation and levy - net

117,043

1,957,831

90,258,589

84,166,889

TOTAL LIABILITIES

123,612,300

120,168,276

CONTINGENCIES AND COMMITMENTS

6

TOTAL EQUITY AND LIABILITIES

265,280,795

264,767,950

TOTAL ASSETS

265,280,795

264,767,950

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 2026 (UN-AUDITED)

PERIOD ENDED

QUARTER ENDED

31 March

2026

31 March

2025

31 March

2026

31 March

2025

Note -------------------------(Rupees in thousand) ------------------------

REVENUE

8

133,341,843

134,676,293

46,415,802

45,259,769

COST OF SALES

9

(120,228,566)

(119,436,440)

(42,204,856)

(40,566,904)

GROSS PROFIT

13,113,277

15,239,853

4,210,946

4,692,865

DISTRIBUTION COST

(5,977,799)

(5,923,764)

(2,008,192)

(1,964,098)

ADMINISTRATIVE EXPENSES

(2,356,986)

(2,272,126)

(765,602)

(761,840)

OTHER EXPENSES

(53,159)

(124,784)

(11,981)

(22,267)

(8,387,944)

(8,320,674)

(2,785,775)

(2,748,205)

4,725,333

6,919,179

1,425,171

1,944,660

OTHER INCOME

5,101,635

7,981,799

1,490,638

1,847,205

PROFIT FROM OPERATIONS

9,826,968

14,900,978

2,915,809

3,791,865

FINANCE COST

(5,392,474)

(6,473,754)

(1,734,115)

(1,902,409)

PROFIT BEFORE TAXATION AND LEVY

4,434,494

8,427,224

1,181,694

1,889,456

LEVY

(1,526,348)

(1,544,000)

(528,846)

(548,918)

PROFIT BEFORE TAXATION

2,908,146

6,883,224

652,848

1,340,538

TAXATION

984,087

(2,044,000)

(107,432)

(644,665)

PROFIT AFTER TAXATION

3,892,233

4,839,224

545,416

695,873

EARNINGS PER SHARE- BASIC AND DILUTED (RUPEES)

10

11.07

13.76

1.55

1.98

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 2026 ( 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 2024 - (audited)

Transaction with owners- Final dividend for the year ended

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

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 gain on buy back / sale of FVTOCI investments

to unappropriated profit

-

-

(120,835)

(120,835)

-

120,835

120,835

-

-

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

Transfer of gain on sale of FVTOCI investment to

unappropriated profit

-

-

(154)

(154)

-

154

154

-

-

Profit for the period

-

-

-

-

-

1,174,295

1,174,295

1,174,295

1,174,295

Other comprehensive income for the period

-

-

11,395,439

11,395,439

-

-

-

11,395,439

11,395,439

Total comprehensive income for the period

-

-

11,395,439

11,395,439

-

1,174,295

1,174,295

12,569,734

12,569,734

Balance as at 30 June 2025 - (audited)

3,515,999

5,499,530

53,034,251

58,533,781

76,415,028

6,134,866

82,549,894

141,083,675

144,599,674

Transaction with owners- Final dividend for the year ended

30 June 2025 @ Rupees 2.00 per share

-

-

-

-

-

(703,200)

(703,200)

(703,200)

(703,200)

Transferred to general reserve

-

-

-

-

5,431,000

(5,431,000)

-

-

-

Transfer of gain on sale of FVTOCI investment to

unappropriated profit

-

-

(52,414)

(52,414)

-

52,414

52,414

-

-

Profit for the period

-

-

-

-

-

3,892,233

3,892,233

3,892,233

3,892,233

Other comprehensive loss for the period

-

-

(6,120,212)

(6,120,212)

-

-

-

(6,120,212)

(6,120,212)

Total comprehensive income / (loss) for the period

-

-

(6,120,212)

(6,120,212)

-

3,892,233

3,892,233

(2,227,979)

(2,227,979)

Balance as at 31 March 2026 - (un-audited)

3,515,999

5,499,530

46,861,625

52,361,155

81,846,028

3,945,313

85,791,341

138,152,496

141,668,495

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 2026

PERIOD ENDED

31 March

2026

31 March

2025

(UN-AUDITED)

Note

(Rupees in thousand)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from / (used in) operations

11

8,854,165

(9,984,870)

Finance cost paid

(5,445,370)

(6,563,432)

Levy and income tax paid - net

(3,906,749)

(2,966,368)

Exchange gain on forward exchange contracts received

52,263

242,944

Net increase in long term loans

(12,080)

(20,508)

Net decrease in long term deposits

143,181

271,770

Net cash used in operating activities

(314,590)

(19,020,464)

CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditure on property, plant and equipment

(5,781,532)

(7,220,921)

Proceeds from sale of property, plant and equipment

210,449

175,252

Investments made

(160,613)

(581,583)

Proceeds from sale of investment

116,823

1,941,844

Loan to Nishat Linen (Private) Limited - subsidiary company

(30,498,068)

(33,015,348)

Repayment of loan by Nishat Linen (Private) Limited - subsidiary company

27,686,999

32,283,813

Interest received

780,319

769,959

Dividends received

3,208,650

5,792,992

Net cash (used in) / from investing activities

(4,436,973)

146,008

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from long term financing

1,822,620

-

Repayment of long term financing

(2,431,198)

(2,061,884)

Repayment of lease liabilities

(67,138)

-

Short term borrowings - net

5,612,643

20,298,123

Dividend paid

(701,203)

(1,050,920)

Net cash from financing activities

4,235,724

17,185,319

Net decrease in cash and cash equivalents

(515,839)

(1,689,137)

Net foreign exchange difference on translating cash and bank balances

(3,664)

7,116

Cash and cash equivalents at the beginning of the period

886,185

2,722,355

Cash and cash equivalents at the end of the period

366,682

1,040,334



The annexed notes form an integral part of these unconsolidated condensed interim financial statements.

DIRECTOR

CHIEF FINANCIAL OFFICER



CHIEF EXECUTIVE OFFICER



NISHAT MILLS LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2026

Un-audited

Audited

Un-audited

Audited

Note

31 March

30 June

Note

31 March

30 June

2026

2025

2026

2025

(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 76,408,590 75,599,389 Intangible Assets 677,647 677,647

1,100,000,000 (30 June 2025: 1,100,000,000)

Right-of-use assets

2,506,548

3,018,360

ordinary shares of Rupees 10 each

11,000,000

11,000,000

Long term investments

101,092,047

85,408,552

Long term loans

614,463

596,780

Long term deposits

533,937

623,200

Issued, subscribed and paid-up share capital

181,833,232

165,923,928

351,599,848 (30 June 2025: 351,599,848)

ordinary shares of Rupees 10 each

3,515,999

3,515,999

Reserves

168,343,719

153,017,700

Equity attributable to equity holders of the

Holding Company

171,859,718

156,533,699

CURRENT ASSETS

Non-controlling interest

14,517,904

13,704,614

Stores, spare parts and loose tools

7,708,506

7,680,677

Stock-in-trade

70,044,573

65,630,926

Total equity

186,377,622

170,238,313

Trade debts

29,572,533

28,277,755

Loans and advances

1,559,769

1,030,627

Short term deposits and prepayments

860,920

755,392

LIABILITIES

Other receivables

9,770,780

9,707,042

Accrued interest

20,658

5,174

Short term investments

19,671,844

18,106,520

NON-CURRENT LIABILITIES

Cash and bank balances

2,594,477

3,150,836

Long term financing- secured

6

24,789,152

25,376,756

141,804,060

134,344,949

Lease liabilities

1,746,440

2,237,585

Security deposits

364,580

357,660

Retirement benefit obligation

78,303

70,107

Deferred liabilities

9,780,776

10,314,427

36,759,251

38,356,535

CURRENT LIABILITIES

Trade and other payables

23,371,319

20,439,377

Accrued mark-up

1,091,080

1,135,594

Short term borrowings

69,597,847

61,794,524

Current portion of non-current liabilities

5,840,875

5,891,372

Unclaimed dividend

149,973

148,922

Provision for taxation and levy - net

449,325

2,264,240

100,500,419

91,674,029

TOTAL LIABILITIES

137,259,670

130,030,564

CONTINGENCIES AND COMMITMENTS

7

TOTAL EQUITY AND LIABILITIES

323,637,292

300,268,877

TOTAL ASSETS

323,637,292

300,268,877

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 2026

(UN-AUDITED)

PERIOD ENDED

QUARTER ENDED

31 March

2026

31 March

2025

31 March

2026

31 March

2025

Note

(Rupees in thousand)

REVENUE

9

153,216,455

155,948,666

54,277,602

51,291,428

COST OF SALES

10

(132,035,633)

(131,744,417)

(47,332,345)

(43,719,386)

GROSS PROFIT

21,180,822

24,204,249

6,945,257

7,572,042

DISTRIBUTION COST

(11,324,024)

(10,260,428)

(3,899,791)

(3,532,341)

ADMINISTRATIVE EXPENSES

(3,724,512)

(3,530,905)

(1,263,275)

(1,197,592)

OTHER EXPENSES

(113,370)

(175,935)

(11,265)

(51,458)

(15,161,906)

(13,967,268)

(5,174,331)

(4,781,391)

6,018,916

10,236,981

1,770,926

2,790,651

OTHER INCOME

4,833,172

5,094,679

1,450,005

1,468,042

PROFIT FROM OPERATIONS

10,852,088

15,331,660

3,220,931

4,258,693

FINANCE COST

(5,846,512)

(6,893,009)

(1,912,954)

(2,026,145)

5,005,576

8,438,651

1,307,977

2,232,548

ADJUSTMENTS TO BALANCE PAYABLE BY CPPA-G

11

-

(4,793,674)

-

-

SHARE OF NET PROFIT / (LOSS) OF ASSOCIATES ACCOUNTED FOR USING THE EQUITY METHOD

3,478,023

(89,137)

1,463,714

40,044

PROFIT BEFORE TAXATION AND LEVY

8,483,599

3,555,840

2,771,691

2,272,592

LEVY

(1,881,959)

(1,925,105)

(669,448)

(664,313)

PROFIT BEFORE TAXATION

6,601,640

1,630,735

2,102,243

1,608,279

TAXATION

707,417

(2,813,550)

(558,715)

(649,274)

PROFIT / (LOSS) AFTER TAXATION

7,309,057

(1,182,815)

1,543,528

959,005

SHARE OF PROFIT / (LOSS) ATTRIBUTABLE TO:

EQUITY HOLDERS OF HOLDING COMPANY

6,495,767

(148,039)

1,205,018

640,818

NON-CONTROLLING INTEREST

813,290

(1,034,776)

338,510

318,187

7,309,057

(1,182,815)

1,543,528

959,005

EARNINGS / (LOSS) PER SHARE- BASIC AND DILUTED (RUPEES)

12

18.47

(0.42)

3.43

1.82



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 2026 (UN-AUDITED)

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)-----------------------------------------------------------------------------------------------------------------------------------------

8,145,282

115,396,496

138,353,201

141,869,200

15,978,611

157,847,811

(1,054,800)

(1,054,800)

(1,054,800)

(1,054,800)

-

(1,054,800)

Transaction with owners- Final dividend for the

year ended 30 June 2024 @ Rupees 3.00 per share

-

-

-

-

-

- -

- -

Transferred to general reserve

-

-

-

-

-

- -

- -

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

-

7,090,000 (7,090,000)

-

- -

-

-

Transfer of Maintenance Reserve

-

-

-

-

- -

(13,054)

-

(13,054)

-

13,054

13,054

-

-

-

-

Extinguishment of maintenance reserve for the

purpose of creating the overhauling reserve pursuant to the Amendment Agreement

-

-

-

-

- -

(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 paid to non-controlling interest

-

- -

-

-

-

-

- -

- -

-

-

- (1,561,100)

(1,561,100)

Transfer of gain on sale of FVTOCI investments 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

-

-

5,802,822

44,508

-

-

-

-

5,847,330

-

24,423

24,423

5,871,753

5,871,753

-

5,871,753

Total comprehensive income / (loss) for the

period

Balance as at 31 March 2025 - (Un-audited)

Transferred to statutory reserve Transfer to overhauling reserve

Transaction with owners - Dividend relating to

0 -

(123,616)

(123,616)

5,723,714

5,723,714

(1,034,776)

4,688,938

1,071,100

113,679,773

143,022,115

146,538,114

13,382,735

159,920,849

(1,026)

(1,026)

-

-

-

-

(3,228,157)

(1,495,616)

-

-

-

-

- - 5,802,822 44,508

-

-

- - 5,847,33

3,515,999 5,499,530 21,277,354 707,472

14,443

111,002

- 1,732,541 29,342,34

- - - -

1,026

-

- - 1,02

- - - -

-

-

- 1,495,616 1,495,61

2 112,608,673

6 -

6 1,732,541

year 2024 paid to non-controlling interest - - - - - - - - - - - - - - (347,048) (347,048)

Transfer of gain on sale of FVTOCI

investments to unappropriated profit

-

-

(155)

-

-

-

-

-

(155)

-

155

155

-

-

-

-

Profit for the period

-

-

-

-

-

-

-

-

-

-

5,252,330

5,252,330

5,252,330

5,252,330

668,927

5,921,257

Other comprehensive income for the period

-

-

4,713,284

21,990

-

-

-

-

4,735,274

-

7,981

7,981

4,743,255

4,743,255

-

4,743,255

Total comprehensive income for the period

-

-

4,713,284

21,990

-

-

-

-

4,735,274

-

5,260,311

5,260,311

9,995,585

9,995,585

668,927

10,664,512

Balance as at 30 June 2025 - (Audited) 3,515,999 5,499,530 25,990,483 729,462 15,469 111,002 - 3,228,157 35,574,103 114,341,214 3,102,383

117,443,597

153,017,700

156,533,699

13,704,614

170,238,313

Transaction with owners- Final dividend for the

year ended 30 June 2025 @ Rupees 2.00 per

share - - - - - - - - - - (703,200)

(703,200)

(703,200)

(703,200)

-

(703,200)

Transferred to general reserve

-

- -

- -

-

- -

-

2,399,000 (2,399,000) - - - - -

Transferred to statutory reserve

-

- -

- 1,397

-

- -

1,397

-

(1,397)

(1,397)

-

-

-

-

Transfer to overhauling reserve

-

- -

- -

-

- 8,612

8,612

-

(8,612)

(8,612)

-

-

-

-

Transfer of gain on sale of FVTOCI investments to unappropriated profit

-

- (52,414)

- -

-

- -

(52,414)

-

52,414

52,414

-

-

-

-

Profit for the period

Other comprehensive income / (loss) for the period

-

-

-

-

-

9,585,724

-

(49,280)

-

-

-

-

-

-

-

-

-

9,536,444

-

-

6,495,767

(2,992)

6,495,767

(2,992)

6,495,767

9,533,452

6,495,767

9,533,452

813,290

-

7,309,057

9,533,452

Total comprehensive income / (loss) for the

period - - 9,585,724 (49,280) - - - - 9,536,444 - 6,492,775

6,492,775

16,029,219

16,029,219

813,290

16,842,509





Balance as at 31 March 2026 - (Un-audited) 3,515,999 5,499,530 35,523,793 680,182 16,866 111,002 - 3,236,769 45,068,142 116,740,214 6,535,363 123,275,577 168,343,719 171,859,718 14,517,904 186,377,622

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 CASH FLOWS FOR THE NINE MONTHS ENDED 31 MARCH 2026

(UN-AUDITED)

PERIOD ENDED

31 March

2026

31 March

2025

Note

(Rupees in thousand)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations

13

8,951,465

4,373,987

Finance cost paid

(5,861,387)

(6,956,098)

Levy and income tax paid - net

(4,308,152)

(3,267,990)

Long term security deposits - net

6,920

77,250

Exchange gain on forward exchange contracts received

52,263

242,944

Net increase in retirement benefit obligation

8,196

4,938

Net increase in long term loans

(27,876)

(97,945)

Net decrease in long term deposits

102,533

251,878

Net cash used in operating activities

(1,076,038)

(5,371,036)

CASH FLOWS FROM INVESTING ACTIVITIES

Capital expenditure on property, plant and equipment

(6,164,701)

(8,189,954)

Proceeds from sale of property, plant and equipment

255,602

184,412

Dividends received

2,894,877

3,867,295

Loans and advances to associated company

(500,000)

-

Repayment of loan by associated company

500,000

8,000

Interest received

30,808

311,090

Proceeds from sale of investments

58,348,338

19,441,181

Proceeds from sale of investments in subsidiary company

-

1,750,999

Investments made

(60,840,245)

(22,485,979)

Net cash used in investing activities

(5,475,321)

(5,112,956)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from long term financing

1,822,620

-

Repayment of long term financing

(2,434,989)

(2,066,002)

Repayment of lease liabilities

(1,056,996)

(812,427)

Exchange differences on translation of net investments in foreign subsidiaries

(49,280)

44,508

Short term borrowings - net

8,419,458

16,965,429

Dividend paid

(702,149)

(2,607,008)

Net cash from financing activities

5,998,664

11,524,500

Net (decrease) / increase in cash and cash equivalents

(552,695)

1,040,508

Net foreign exchange difference on translating cash and

bank balances

(3,664)

7,116

Cash and cash equivalents of subsidiary company at

disposal date

-

(655,798)

Cash and cash equivalents at the beginning of the period

3,150,836

11,180,968

Cash and cash equivalents at the end of the period

2,594,477

11,572,794



The annexed notes form an integral part of these consolidated condensed interim financial statements.

CHIEF FINANCIAL OFFICER



CHIEF EXECUTIVE OFFICER DIRECTOR

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