Managed fiy: EMAN Management (Pvt . ) Ltd.
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi - 74000
Ref:FINANCIAL RESULTS FOR THE YEAR ENDED IUNE 30. 2025
Dear Sir,
ORM/Fin/2025-26-0006
September 22, 202S
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 Monday, September 22, 2025 at 10:30 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 year ended June 30, 2025 and recommended the following:
Cash Dividend
A final cash dividend for the year ended June 30, 2025 at Rs.1.2 per certificate i.e., 12%
Bonus Shares ---Nil---
Right Shares ---NiI---
Any other Entitlement / Corporate Action - -Nil---Any other price Sensitive Information ---Nil---
The Financial results of the Modaraba are enclosed.
The Annual Review Meeting of the Modaraba will be held on October 27, 2025 at 10:00 am at the registered office of the Modaraba.
The Certificate Transfer Books of the Modaraba will be closed from October 20, 2025 till October 27, 2025 (both days inclusive). Transfers received at the office of Registrar of Orient Rental Modaraba i.e., M/s CDC Share Registrar Limited at its Head Office CDC House, 99-B, Block ”B", SMCHS, Main Shahrah-e-Faisal, Karachi - 74400, Telephone No:021-111-111-500, Fax No: 021-34326053 at the close of business on October 17, 2025 will be treated in time for the purpose of above entitlement to the transferees.
The Annual Report of the Modaraba will be transmitted through PUCARS at least 21 days before holding of Annual Review Meeting.
Thanking You,
Muhammad Jamal Ahmedani
Company Secretary
9Register Office: Plot 9 Sector 2^, Korangi Industrial Area. Karachi.
Corporate Office: 1st 8loor, Suleman Estate. Near BrookS Chowrangi. Plot No: SC-05, ST-17, Sector 15, Korangi Industrial Area. Karachi. c' Lahore Branch Oftice: 1 KN, Defence Road, O*F. Raiwind Road, Lahore.
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Managed by: EMAN Managewent (Pvt. ) Ltd.
STATEMENT OF F1NAhIClAL POS1T0N AS AT JUNE 30, 202 S
]une30,Z02S {une 30,202#
S,4C1.76 S
234,697,336
sos,zzs,8is
154,052,819
282,355,12B
86,053,165
50,014,359
40,148.072
C6.958,273
74,043,IIS
105,635,177
105,63 5,177
194,414,711
256,426,65 6
----------{Rupees]--------------
ASSETS
non-current assets
’Tangible assets
Right-of-use-assets Diminishing musharaka
1,510,473,203
Sl,738,340 24,185,173
1,3 Z7,101,904
72,231,370
Long-term depsoits
5,028.000
5,020,000
Long-term loan
2,673,749
4.635,714
1,594,098,465
1,408,997,068
Current assets
current portion of diminishing musliaraka
Stores, spares and loose tools
Trade debtors
Unbilled revenue - contract assets
Taxation - net
Loans, advances, prepayments and other receivabies
Tax refundable due from Government
Cash and bank balances
1,062,618,318
922,52 7,254
TOTAL ASSETS
2,656,716,785
2,331, S24,322
EQUITY AND LIABILITIES
Capital and reserves
Authorised capital
75,000,000 certificates of R.s. 10 each
750,000,000
7S 0,000,000
Issued, subscribed and paid-up capital
750,000,000
750,000,0 00
Statutory reserves
286,231,356
243,433,2 S5
Unappropriated profit
484,383,682 t,520,615,038
403,191,280 t,396,624,535
iIon-current liabilities
Diminishing musharakah financing
Lease liabilities
Deferred taxation
466,866,374
3+3,603,721
Current liabilities
Current portion of diminishing musharakah ,financing
Current portion of lease liabilities
Running musharaka
Creditors, accrued and other liabilities
Advance from customers - contract liabilities
Taxation - net
Unclaimed dividend
TOTAL EQUITY AND LIABILITIES
669,235,371
2,656,7t6,783
591,296,06 6
2,33 1,5Z4,322
363.750,940
208,908,596
40,940,296
68,113,345
62,175,1J8
66,581,700
157561278
129,520,305
2106%S18
17,003,320
S0,000,000
432,176,53Z
4Z6,887,8Z9
3,874,027
13,512,840
4,039,202
55S.016
332,570
8Register Office: Plot 9 Sector 24, Korang i Industr at Area, Karachi.
Corporate Office: 1st Floor, Suleman Estate, Near Brooks Chowrangi, Plot No: SC-OS, ST-17, Sector 15, Korangi Industrial Area, Karachi.
g Lahore Branch Office: 1 IN, Defence Road, OFF. Raiwind Road Lahore.
< 11-676-676 Ohttps://www.orientmodaraba.com - info o‘orientmodaraba.com
Managed by: E MAN Management (Pvt . ) Ltd.
ORIENT RENTAL MODARA BA
STATEMENT OF PROFIT AND LOSS ACCOUNT AND COMPREHEfISIVE INCOME FOR THE FAR ENDED JUNf 30, 2025
{une 30, 2025 (Rupees) | June 30, 20 Z4 (Rupees) | ||
ljarah rentals — net | 1,386,323,155 | 1,254,740.65 5 | |
Operation and maintenance income — net | 1,07O,S40,O58 | 8d7,482,295 | |
Pr-ofit on diminishing musharaka financing | 3,538,897 | ||
2,460,402,110 | 2,122,222,950 | ||
Operating expenses | (1,84d,933,892) | {1,S44,446,464) | |
Gross Profit | 615,468,218 | S77,776,486 | |
Administrative expenses | t64,742,356) | (55,271,212) | |
Other Expenses | ( 203,922} | (233,000] | |
Other income | 33,t37,32g | 56,658,691 | |
Finance cost | [112,329,264) | (119,448,309) | |
Impairment loss on financial assets | (2,746,890) | ||
(r50,885,112] | [118,293,830) | ||
464,S83,t06 | 459,482,656 | ||
Modaraba Management Company‘s fee | (32,520,817) | (45,948,266] | |
Provision for Sindh Sales tax on Modaraba Management fee | (4,878,123} | (5,973,275] | |
Provision for Sindh Workers' Welfare Fund | (8,543,683) | (O,1S1,22Z) | |
Profit before levies and taxation | 418,640,483 | 3gs,4o , s | |
Levies | (41,945,687) | (34,527,755) | |
Profit before taxation | 376,694,796 | 364.882,130 | |
Taxation | (162,704,293) | (146,511,261) | |
Profit for the year | Z13,990,503 | Z18,370,8 77 | |
Other comprehensive income | |||
Total comprehensive income for the year | 213,990,503 | 2$8,370,877 | |
Earnings ger centficate — basic and diluted | Z.85 | 2.91 | |
9Register Office Plot 9 Sector 24. Korangi Industrial Area, Karachi.
9 Corporate Office: 1st Floor, Suleman Estate, Near Brooks Chowrangi, Plot No: SC-OS, ST-17, Sector 5, Korang i Industrial Area. Karachi.
oLahore Branch Office: KM, Defence Road OFF. RaiwT nd Poad, Lahore.
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Managed by: E MAN Management Pvt . ) Ltd .
STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 202 S
Capital Revenue
Paid-up certificate capital
Reserve Reserve
Statutory Unappropriated reserve ” profit
- (Rupees)
Balance as at Jmy 01, 2023
Profit for the year
Other comprehensive income
Total comprehensive income tor the year Transfer to statutory reserves
Transaction with owners
Profit distribution for the year ended June 30, ZO23 @ Re. 1 per cercificate
Balance as {une 30, Z0*4
Ba Tance as at July OF, 2024
ProfiI for the year
Other comprehensive income
Total comprehensive income for the year
Transfer to statutory reserves Transaction with owners
Profit distribution for the year ended ]une 30, Z024 @ Rs. 1.ZO per certificate
750,000,000 t99,759,000
218.3 70,87 7 | 2t8,370,87 7 |
43,674,175
750,000,000 243,33,255
213,990,503 | 213,990,503 |
750,000,000 243,433,255
42,798,104
303,494,578 1,2S3,253,6S8
218,370,877 218,370,077
(43,674,175)
75,000,000] (75,000,000)
403,191,Z80 1,396,G24,535
403,191,280 1,396,624,535
213,990,508 213,990,SOZ(A2,798,101)(90,000,000) (90,000,000)
Balance ar aE]une 30, 202S 750,000,000 286,231,356 484,383,682 1,530,615,038
* Statutory reserve represents profit set aside at the discretion of t'tanagement as allowed under the Modaraba Regulations, z021 issued by Securities and Exchange Commission of Pakistan.
9 RPpister Office: Plot 9 Sector 24. Koranpi Industrial Area. Karachi
9Corporate Office: Tsf Floor. Suleman Estate. Near Brooks Chowrangi. Plot No: SC-OF ST-17, Sector 15. Korangi Industrial Area. Karachi 9 Lahore Branch OFfice: 1 KM. Defenr:e Road. OFF RaivvTnd Road. Lahore.
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CASH FI•OW STATENIENT
FOR THE YEAR ENDED ]UNE 30, 2025
Profit before taxation
]une 30, June 30,
202 S 2024
-
364,882,138
Adjustments for:
Depreciation on tangib1e assets Depreciafion on nght-uf-use assets Profit on un w'inding uf loan Adjustment of lease liabilities
Profit on diminishing musharaka financing
Present value adjustment of long term loan to employees Impairment loss on financia1 asseD
rinance costs
Unrealized exchange loss on foreign currency - net Gain on disposal of tangible assets
Modaraba Management Company's fee
Provision for Sindli Sales tax on Plodaraba Management fees Provision for Sindh Workers' Welfare Fund
Income on term deposit receipts
Stores, spares and loose tools written otf Levies
Income on deposits with banks
250,209,570
22,Z38,040 (688,048)
(3,853,546)
(3,538,897)
1.731,957
2,746,890
112,329,264
1,042.378 (l3,47Z,973) 325Z0,817
4878,123
8,543,683
15,824,472
41,94S.687
15,122,753]
Cash generated before working capital changes Working capital changes | 705,571,3 67 | |||
(Increase) / decrease in current assets | ||||
Stores, spares and 1oose tooIs | (79,602,679) | |||
Unbilled revenue | 36038,806) | (5,3 01,529) | ||
Trade debtors | 2g621,581) | (44,481,344) | ||
Loans, advances, prepaymeuts and uther receivables | [I4,05G,914) | 1,857,5II | ||
(Increase] / decrease in current liabilities | (176,181,290] | (127,5 Z8,041) | ||
Creditors, accrued and oder Stabilities | (53,109,846] | 146,2?J,s34 | ||
Advance from customers - cona-act liabilities | (9,638,&13) | B,57O,479 | ||
Cash ge»erated groin operations | 59S,019,401 | 732,865,239 | ||
Income tax paid Levies p;iid | t++1,S13,089) (41,945,687) | t!30,428,058) (34,527,755) | ||
Finance costs paiil | (99,4S3,716) | (119,5g6,380] |
457,334,554
I 58,412,3 t 4
22,594,495
119,448,3 09 (36S,694)
(J,104,210) 45,948,266
5,973,275
8,151,222 (40,800,846j
3 4,527,75 S
(9,929,657)
340,689,229
eRe9ister Office: Plot 9 Sector 24, koranpi Industrial Area, Karachi.
e Corporate Office: lst Floor, Suleman Estate, Near Brooks Chowrangi, Plot No: SC-05, ST-17, Sector 15, Korangi Industrial Area, Karachi. oLahore Branch Office: KM, Defence Road. OFF RaTwTnd Road, Lahore.
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Diminishing musharaka financing made | (31,030,400) | |||
Diminishing musharaka hnancing payment received | 4,902,359 | |||
Purchased tangible assets under ijarah | (443,661,839) | (139,713,203) | ||
Proceeds from disposal of assets under ijarah | 45,228,712 | |||
Modaraba Management Company's See paid | (45,948,266) | (33,162,827] | ||
Net cash (used in) / generated from operating activiñes | (168,402,52S) | 275,547,016 | ||
B. | CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purcllased tangible assets for own use | (30,249,889} | (44,703,460) | ||
Proceeds from disposal of fixed assets for own use | 8,575,300 | 7,339,050 | ||
Long-term loan | 1,961,965 | t4,63S,714) | ||
Income on term deposit received | 40,888,846 | |||
Income on bank deposits received | 1S,21S,610 | 10.269,913 | ||
Net cash used in investing activities, | t .A97,0t4} | 9,158,635 | ||
c. | CASH FLOWS FROM F!NANC!NG ACTIV!TI£S | |||
Diminishing musharakah financing obtained | 300.000,000 | |||
Running niusharaka obtained | 50,000,000 | |||
llepayment of diminishing musharakah financing | (1t711Z683) | (170,427,568) | ||
Repayment of lease liabilities | (32,2ZZ,169) | (29,3't6,740] | ||
Dividcnd paid | t9,777S54 | (74,B27,88 i] | ||
110,887594
(62011940)
(274,602,192)
10,003,459
Cash and cash equivalents at beginning of year | 2S6.426,6S6 | 246,423,197 |
Cash and cash equivalents at end of year | 194,414,Tll | 256,426,656 |
Register Office: Plot 9 sector 24 Korangi Industrial Area, IKarachi.
CorDorate Office. 1st Floor, Suleman Estate, Near Brooks ChowrangT, Plot No: SC-05, ST-17. Sector 15, Koranpi Industrial Area, Karachi 9Lahore Branch Office: 1 KN, Defence Road. OFF. Raiwind Road, Lahore.
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