Financial results for the quarter and nine months ended march 31, 2025

Managed by EMAN Management (Pa. Its .

ORM/Fin/2024-25-0043

April 29, 2025

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi - 74000

Ref: FINANCIAL RESULTS FOR THE OUARTER AND NINE MONTHS ENDED MARCH 31. 202S

Dear Sir,

This is to inform you that the meeting of the Board of Directors of EMAN Management (Private) Limited, the Management Company of Orient Rental Modaraba, in their meeting held on Tuesday, April 29, 2025 at 11:00 am, at its Registered Office, 4th Floor, Plot # 9, Sector 24, Korangi Industrial Area, Karachi has approved the Financial Statements of the Modaraba for the quarter and nine months ended March 31, 2025 and recommended the following:

Cash Dividend ---Nil---

Bonus Shares ---Nil---

Right Shares ---Nil---

Any other Entitlement / Corporate Action ---Nil---Any other price Sensitive Information ---Nil---

The financial results of the Modaraba are enclosed.

Thanking You,

Muhammad Jamal Ahmedani

Company Secretary

p Register Office: Plot S Sector 24. Xoranpi lndustria) Area, Karachi.

g Yard Office: Blot d 5o9. Sector 23. Korangi Industrial Area, Karachi - Pakistan.

e Corporate Office: 1st Ploor. Suleman Estate. Near Brooks Chowranpi, Plot No: SC-05. ST-17, Sector 15, Korangi Industrial Area, Karachi. o Lahore Branch Office 1 KM, Oefence Road, OFF. Raiwind Road, Lahore.

O https://www.orientmodaraba.com - info‹ ›orientmodaraba.com

COND2NSED INTER1Jf1 STAfl'EMENT OF FINANCIAL POSITON AS AT MARCH 3I, 2025

ASS£TS

Contd..

(Un-audited) (Audited) March 31, 202S June 30, Z024

--------tRupees}---------------

Non-current assets Ta ngib]e assets

1,520,449, 150

1,327,101,984

Contd...

CONDENSED INT£RIN STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENS AVE INCOME (UN-

AUDITED)

FOR THE NINE I'tONTHS AND QUARTER ENOED MAACH 31, Z025

Nine Months enOed

March SI, March 3t,

Z025 2024

Quarter ended

March 31, March 31,

2025 2024

Ijarali rentals - net Operation and mv intenance income - net

1,056,39S,414

779,O0S,6Z3

9Z0,8g0,035

614,993,805

336,890,204

273,249,074

323,135,889

218,7B2,060

Diminishing musharaka income

Z,Z99,448

1,705,157

1,837, 703,485

1,535,683,840

611,844.43 S

54i,g i7,949

Operating expenses Gross profit

Administrative expenses Other income

Other expense Finance costs

(1,302,247,134d ti, 13s,7g3.836) (46z.007,531)

(S1,983,587)

26,032,404

(946,340)

t**,100,451)

455,456,35 1 400,090,004 149,836,904

(404,548,393)

(42,4S 7,S 23)

42,010,630

(94,069,390)

(19,282,7S 7)

8,148,991

(484,097)

(24,74S,266)

(I 2,244,415]

13.044,707

(27,795,949)

137,369,556

Modaraba Management Company's fee

Provision for Sindh Sales tax on

(117,997,9 74)

337,450,3 77

(33,745,d38]

(94,516,275) (36,363,129) 30S,S73,729 113,473,77S

(30,557,373) (11,347,378)

(26,995,657) 110,373,899

(11,037,390)

Mudaraba ManageineriI fees Provision for Workers' Welfare

(5,061,076)

(3,972,4S 8)

(1,702,107)

(1,43?,860]

Fund tS,973,013)

Profit before levies and taxation 292,677,6 S0

(5,420,878)

265,623,020

t2,008,486)

98,415,804

(1,958,033] 9S,943,616

£evies

Profit before taxation

Taxation

Profi I for the period

Other comprehensive income

Total comprehensive income for the period

Earnings per certificate - basic and diluted

(:J4,11Z,861) ZS8,564,789

(104,155,411) 154,409,3 78

154,409,378

2.06

[32,1 05,739] (11,263,024)

233,517,28 B7,1SZ,7B0

(91,264,283) t35,241,736)

142,252,998 51,911,044

142,252,998 S1,911,04#

1.90 0.69

(13,178,842) 8Z,764,774

(32,6 4,225}

so,i50,s4g

50,1S0,549

0.67

CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY (UN-AUDITED) FOR THE NINE MONTHS ENDED MARCH 31, 2025

Contd...

Pald-up certificate capital

Revenue

Reserve Reserve

Statutory Onappropriated reserve • proht

Total

•-•-•--•••-•••--••-•---•---••----(Rupees) •-•-•-•---••••---•--•

• Statutory reserve represen1;s profit set aside at the discretion of Management as allowed under the t'lodaraba Regulations, 2021 issued by Securities and Exchange Commission of Pakistan.

CO/iDENSED INTERIM CASIT FLOW STAR CIENT (UN-AUDZTED)

FOR TII£ NINE MONTHS ENDxD MAROI 3l, Z02S

Contd...........

Un-audited

Nine mnnth* ended

March 31, jvfarch 31.

20zS 20z4

••--••---••---(Rupees)-•• •-

Cash generated before working capital changes Working capital changes

tlncrease) decrease in current ussets

Stores, spares and loose tools

Trade debtors Unbilled reven ue

Loans, advances, prepayments and other receivables

t •* ease) / decrease in current liabilities

Creditors, accrued and other liabilities Advance from customers - contract liabilities Cash generated from operations

340,i15,09S

598,679,B84

t+6,75B,608) (32,064,559)

(132,947,•t36)

(5%888J00]

(6,95Z,758]

40t890,990

253,159,697

486,676,978

t66,254,974) 2,487,517

t*O,746,184]

(7,519.997}

(82,033,638}

119,597.610

4,295,195

SZ8,536,145

Levies and Income tax paid - net {}46,B34,6B4]

Finance costs paid {93,107,46Ig

Diminishing Musharaka Financing (Net) (27,406,254)

Addition to tangible assets for ijarah {389,833,249) Proceeds from disposal of assets under ijarah 45,22B,712

Modaraba Management Company's fee paid t^°.°48,266J Net cash (used in) / generated from operating activities (2S4,010,2 lZ)

(123.899,395)

(104,536,286]

(73,438,BS2)

{33,162,827)

193,498,785

B. CASH STOWS FROM ZNVESTING ACTIVITIES

Uo-aua td .

20?S 2024

-

Purchased tangible assets for own use

Proceeds from disposal of fixed assets for own use Income on deposits with banks

(23,319,888) 8,S75300

11,7Z9,173

(Z8,156,737)

6,850,000

34,B09,190

Net cash used in investing activities 13,502.453

c. CASH FLOWS FROM FINANCING AC VICES

300,000,000

(94,960,123)

12,370,890)

(134,438,353)

(B,943,175)

t74,818,686)

Diminishing musharakah finan cing obtained Repayment of diminishing musharakah financing Repayment of lease liabilities

Dividend paid