PACE (PAKISTAN) LIMITED FINANCIAL STATEMENTS
HALF YEARLY ACCOUNTS (UN-AUDITED) DECEMBER 31, 2025
Pace (Pakistan) Limited Company Information
Board of Directors
Sikander Rashid Choudry (Chairman) Independent
Aamna Taseer (CEO) Executive
Shehryar Ali Taseer Executive
Shahbaz Ali Taseer Executive
Shehrbano Taseer Non-Executive
Umair Fakhar Alam Non-Executive
Shavez Ahmad Independent
Chief Financial Officer Muhammad Waheed Asghar
Audit Committee Shavez Ahmad (Chairman)
Shehrbano Taseer (Member) Sikander Rashid Choudry (Member)
Human Resource and Remuneration (HR&R) Committee Shavez Ahmad (Chairman)
Aamna Taseer (Member) Shehrbano Taseer (Member)
Risk Management Committee Umair Fakhar Alam (Chairman) Aamna Taseer (Member) Shehryar Ali Taseer (Member)
Company Secretary Sajjad Ahmad
Auditors M/s Junaidy Shoaib Asad,
Chartered Accountants
Legal Advisers M/s. Ibrahim and Ibrahim
Barristers and Corporate Consultants Lahore
Bankers Allied Bank Limited
Albaraka Bank (Pakistan) Limited Faysal Bank Limited
MCB Bank Limited Silkbank Limited
Registrar and Shares Transfer Office Corplink (Pvt.) Limited Wings Arcade, 1-K
Commercial Model Town, Lahore Tele: + 92-42-5839182
Registered Office First Capital House
96-B/1, Lower Ground Floor
M.M. Alam Road, Gulberg-III Lahore, Pakistan
Tele: + 92-42-35778217-18
Pace (Pakistan)
Limited (“the Company” or “Pace”)
REGISTERED OFFICE:
FIRST CAPITAL HOUSE
96-B/1, Lower Ground Floor,
M.M. Alam Road, Gulberg-III, Lahore. *’
Tel: +92-42-35778217-8
Directors' Report (Period Ended Dec-2025)
The Board of Directors operational performance 2025 is as under.
Financial Highlights
is pleased to present a concise overview of the financial and of the Company for the six months period ended 31st December
The compariSO I of the financial results for the six months period ended 31st December 2025, with corresponding period last year is as under:
Revenue
Period End Period End Dec 31 Dec 31
2025 2024
Rupees in ‘000’
409,600 989,891
Cost of Revenue
(69,540)
(564 386)
Gross Profit | 320,060 | 425,505 | ||
Admin 8 Selling Expenses | (117,982) | (120,764) | ||
Impairment Reversal/ (loss) | 23,748 | (5,699) | ||
Other Income | 456,715 | 11,296 | ||
Exchange Gain/(loss) currency convertibJe bond | en | foreign | £• ,823 | (3660) |
Finance Cost | (76,052) | (82,462) | ||
Gain/(loss) from change | in | FV of | ||
investment property | (3,912) | 2,421 | ||
Net profit(loss) before tax | 666,400 | 226,637 | ||
Net profit/(loss) after tax | 548,111 | 2t4,374 | ||
Earnings per share- Basic (PKR) | 1.97 | 0.77 | ||
Earnings per share- Diluted (PKR) | 1.77 | G.69 | ||
During the six months period under review, the revenue of the Company amounted to Rs.
409.60 million as compared to Rs. 989.891 million corresponding period last year. The cost of revenue Is Rs. 89.54 million as compared to Rs. 5o4.>6u milIio i lost .•»i Ti e cross profit is Rs. 320.060 million as compared to is. 425.505 m lion last year. The Administrative & Selling expenses are Rs. 117.982 million against Rs. 120.760 million. Other incsme of the company is Rs. 456.715 million as compared to Rs. 11.296 million last year. The company earned an exchange gain of Rs. 63.823 million on Foreign Currency Convertible Loan due to appreciation of Pak Rupee against dollars during period under review. The Finance cost is Rs.76.052 million as compared to Rs. 02.462 million the last corresponding period.
As a result of aforementioned factors, the Profit for the period under review amounted to Rs. 548.11.1million as compared to a profit of Rs, 214.371 million, resulting in Earning Per Share
CamScanner
Sector Review
D‹ ring the period under challenging geopoIiicaI
rI2View, P lkistan S real estate
i2
sector continued to operate in a
developments, and
dom
nd i2COF'lOmiC environment.
Global uncertainties, regional
sentiment and moderate
estic economic adjustments contributed to cautious market d investment activity.
Transaction volumes across prudence in decision-making
the sector remained subdued, with buyers demonstrating Developers continued to prioritize completion of existing
projects and optimization of available inventory
Despite these
challenges, the sector demonstrated resilience, supported by underlying
demand in key urban centers. However, sustained improvement in activity levels will depend on greater economicslabi|ity and enhanced inves|orconGdence
Company Performance and Overview
During lhe six months profitability despite lower
ended 31 December 2025, the Company delivered improved revenue, primarily driven by higher margins and significant other
income recognized during lhe period.
A major development during the period was lhe disposal of 56.7g% shareholding in Pace Super Mall (Private) Limited for a consideration of Rs. 452.85 million, resulting in a gain of Rs 361.64 million The transaction strengthened the Company's liquidity position, enhanced profitability, and enabled greater strategic focus on core operations.
Subsequent to the period end. the Company enhanced its paid-up capital through the issuance of 30.986.289 ordinary shares under the Employees' Share Option Scheme tESOS/, n accor dance will applicable legal and regulatory requirements. Consequently, the paid-up capital increased from 278,876,604 shares to 309,862,893 shares, resulting in a corresponding dilution in earnings per share.
Earlier the Shareholders of the Company in their Extraordinary General Meeting held on 24 September 2025 approved the issuance of shares other wise than right, against certain properties conversion of financial liability and TFCs. In this respect the company has applied regulatory approval Io Securities and Exchange Commission of Pakistan. which is currently in process of review by lhe regulator
The Path Forward
The Company continues to pursue strategic initiatives aimed at strengthening its operational base and improving long-term sustainability.
During tne period, the Company, together with its subsidiary Pace Barka Properties Limited
{50% joint panicipation), entered into a Memorandum of Understanding (MOU) with DHA Gujranwala as a development partner for the development and management of a mixed-use commercial hub over a0proximaiely 161 8 Kanals This collaboration represents a significant strategic initiative and reflects the Company's continued focus on expanding its footprint in established urban developments.
In addition, the Company completed Ihe acquisition of certain pfint and digital media businesses, including brand names, publishing rights, and digital media platforms, from Media Times Limited for a total consideration of Rs. 860 million. The diversification into
CamScanner
operations is expected
•P°‹•*›•s ca*h how»
to broaden the Company's revenue base and contribute to
The Company is
also pursuing
expansion into Dubai, U.A.E„ l0GlUding the proposed
development of
a commercial
project and incorporation of a subsidiary to undertake
overseas operations.
Management is currently evaluating suitable development
arrangements in this regard
The Company has also continued its efforts toward financial restructuring, including settlements with TFC holders and other lenders These arrangements are aimed at reducing financing costs and aligning repayment obligations with projected cash flows, thereby support'•9 '•+*proved liquidity management.
Going forward. management remains focused on disciplined execution of development projects, monetization of existing inventory, prudent financial management, and stren9›hening of recurring income streams. The Directors believe that these measures collectively position the Company to enhance operational performance and financial stability over the medium term
For and on behalf ol Board of directors
26 February 2026
Director Chief Executive Officer
CamScanner
Junaidy ShoaibAsad
Chartered Accountants
" '"' "’! ” ^^ Condensed interim Unconsoidate4 I inanci»I Statements
Independent member
Morison Global
lâaVc rcvicsvcd the accoirp.inying condensed inlcrim unconsolidatcd statement of financial position of
Ice (Pukislun) Limited ( tlt0 "Company" ) as at December 31, 2025 and the related condensed interim
MilconsolidiMedstateine»t OF p1'oFf or loss, condensed interim unconsolidated statement or comprchcnrivc
'J^^ine, condensed
interijTj unconsolidated Statement of changes in equity, and condensed interim
unconsolidated stalcmeni of c•sh flows, end notes to the condensed interim uncotisolidated financial
!^!ehJents for
the six-month period then ended (here-in-after referred to as the “condensed interim
uilconsolidated financial stalements”).Management is responsiblefor the preparation and presentation ofthese
UTCOnSoIidated financial Statements in accordance with accounting and reporting standards 8S
applicable iii Pakistan for interim financial reporting. Our responsibility is to express a conclusion on these imcrim unconsolidatcd financial statements based on our review.
fie‹›ye n//tev/em
WC conduCtcd Our review in accordance with International Standard on Review Engagements 2410, “Review
‹1£ InterilTi Financial Information Performed by Independent Auditor of the Entity”. A rsvicw of interim
Llt1ñOI1SOlida‹ed financig| statements consists ofm8king inquiries, primarily ofpenons responsible r
‹hid acc tlfillllg liialters, and applying analytical and other review procedures. A review is substantially less in scope thin an audit conducted in accordance with International Standards on Auditing and consequently Joes
not cnahle his to obtain assurance that we would become aware ofall significant matters that might be id
€”oitcMsi‹›ii
lS»sed on our review. nothing lt2s came to our attention that causes us to believe that the accompanying coidenscd interim unconsolidatcd financial statements are not prepared, in all material respects, in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting.
We draw attention to note 2 to the accompanying condensed interim unconsolidated financial statements which indicaies that the Company's current liabilities exceeded its current assets by Rs. 6,777.32 iriillion and nccumulaed losses of the Company stand at Rs. 3,79t.41 midion as at 3t December 2025. Tito Company*s eqn ity has eroded and the accumulated lasses exceed the share capital, share premium, revaluation surplus and sliRrc based payment reserves by Rs. 637.70 million as at 3 I December 2025. As stBted in nolc 2. these cnnJitiQn5, along with other matters as set forth in nole 2, indicate that a material uncenainty exists ti at may
«ISt Significant doubt on the Company's ability to continue as a going concerfi. Our conclusion is not modified in rcspcct of this matter.
Oiber ñfoffer
'l”fie figums of the condensed interim unconsolidated statement of profit or loss and condc used interim unconsolidated statement of comprehensive income for the quarters ended December 3 I, 2023 and December 3 I , 2024 ]jave not been reviewed, ns we are required to review only the cuiTtulativc figures for the six-months pgriod ended December 3 I , 2025.
-Fhc engagement partner on the review resulting in this independeni review report is Shoaib Ahmad Wasecm.
Asad Chartered AcCountgntS I.«hon.
hale: February 27, 2026
UDIN: ltlt202S I0l96qlkDCR4P
Sulte No. 9-A, 3rd Floor, Irtdaz Plaza, 85-ShRrafi<-Ouaid-e-Azarn. Lahore.
R: +92(042) 363@2S3, +92(042) 3636940I*b< *92(0432&)ss407 E-mall: lnb.IXr@kzccm.AkI ^8^ •••‹••c+•-P*
Othe Offices: Kaachi 6Islamabad
CamScanner
Pace (Pakistan) Limited
E.DL'1W' AT D I .1.t.BIUTI EN
Amhonscd capital
l!n-•uditeti Audited
JI December 30 June 2025 2025
— (Ru flees ifi thousand) -
0,000
AiiSET5
Property, plant snd equipment
20Z-1 20?.S
-- tRupcr9 in thousand) —
S .482
505.505
1496
619
7J,P?9
5.I6l, Tl6
//
Issued, subscribed and paid-up capital | 2,788,76d | 2.788.765 | Intangible aswts In•'cstmcnt property | |||
7 | 273,26T | 273.265 | Long term tnvcsuncnts | IS | ||
ShBrc-basad payment reserve | 19.202 | Long term advances and degosiis | ||||
Rm.uluahon surplus | 47,037 | 47,037 | Financial asset | 7g.9%4 |
Accumulated loss
(3,792,41 j) (4,340.523)
1657,703)
(I.2l2,25*)
Redeemable capital - secured (neo-participatory)
Currem maturity of long term liabdities Crcdiiors, accrued and othct llabiliiies
Cooaogeocin end comzaitzocnts
215, t20 | 212,966 60.793 |
279,J60
112,175
l7d,982
l,/›40,312
1.703.401
If
9.214,783
8,B36.4J0
373.759
8.436, I65
7,f 17.672
Steel-in-ttadc I6
1,48l,3Y0 | lW | l.b52 |
S4.933 | 59934 | |
10,#7S | ||
S.8D9 | ||
t881 | ||
Trnde debts / 7
Advances, deposits. prcpayments and other receivables
/nmme iax refundable - net
Financial asset
Cash and bank balances
i'acc (l'akistan) 1.iinitcd
I’‹›iideiiscd Iuterine Unconsolidated Statement ot Comprehensive !ncom° (Un-and*° i
"M
31 December 3 I December ”’”**’ ’ **"’”*"’
@ 2W4 10W
Oll*cr romnrrhcnxl'z Income f4r the shod
]I ijjs loyal vjII no1 tic rec)asstficd to statemcnl 0f profit r'r !8^^ It+:incastircjjj nt ‹›F net dcfinod bench liabilit
I nHTl comprehensi e proft For the gertod
Dlr•rlsr
Cblef Executive Offimr
Pace (Pakistan) Limited
Condensed Interim Unconsolidated Statement of Cash Thors (Un-audited)
Cash flows from oueraifne activities
Casl (usr°d in)/ gcnc‹•atcJ mum operations
Finance cost paid
T xcs paid
but cash (used tn)/ generated from operating activities
Note
2025 2024
31 December
31 DCccmber
(p pzC8lnthou*xnd)--
78,372
90,231
8,989
(84,244)
lnvestmcnt disposed during the period
Lease receivable
Addition in investment property Deletion in investment property Purhasc of operating fixed assets Income on bank dC osits reCCivcd
Net cash (used in)/ generated from investing activities
Long term loan paid during the pcriod Payments of lease liebili‹y
Set cash used in financing activities
Net (decrcssc)fincrease in cash and cash equivalent
Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period
452,854
(326,682)
(160,000)
16
(33,812)
5.588
(5,588)
38,972
57.843
18,871
J8
121,d15
(126,720)
78,660
(11,333)
32410
21,077
The aniic•xed notes from 1 to 32form an integral yart ofihese condensed interim unconsolidaiedfinancial statements.
Chief Executive Officer Director CbkfWosooilOfAer
1'acc (Pakistan) Limited
Ntilcs to the Condensed Interim UnconsolidatedFinancial Statements U»-audited)
/•”‹›i• //ie si.x monlhs ended II December 2U2S
”l'he Company and tts operations
I I Pack (Pakistan) Limited ('th< Company’) is a public limited company Incorporated in Pakistan under the repealed Companies Ordinance, 1984 (rtow the Companies Act, 20T 7/ and i‹ Jistcd on Pakistan Si•ck Exchange. The Company is engaged to build, acquire, maoage 8fld sCll condominiums. departmental stores, shopping plazas, super markets, utility stores, housing societies. plot and othcr properties and tn carry out * <*< ^!• industrial and other related activities in and out of Paklsta». The rsgistcrcd offi» or the Company is sitU«tcd at l'irst Capital house, 96-B/l, Lower Ground Floor. M.M. Alam Rood, Gulburg-fff, Lahore. F'urthcrmoj0, the C'ompany is managing thc following plazas:
Sr.No.
BufinxsUnt
l00gf"aphical location
”
I
Gulbcrg Plaza
l24fE-1 Main Boulevard Gulbcrg III, Shore
2
Model Town Plaza
38, 38iA, 39 & 40, Block P, Model Town Link Road, Lnhorc
3
Fortrcss Plaza
Bridge Point Plaza, Fortress Stadium. Lahore Cantt.
4
MM Alam Road PJazs
96-B-1, M.M Alam Road, Gulberg III, Lahore
5
GujranwaJa Plaza
Monza Ohola Zarri, Main GT Road Gujranwala
6
Gujrat Plaza
Monza Ado-Wal, G.T Road, Tehsil & Dist ct, G«jrat
7
Pace Tower
27-H College Road Gulbcrg !I Lahore
2 Going Concern Assumption
The Company has earned profit befort tax of Rs. 666.40 million. The Company has entered into profit in this period mninly because of sale of its inventory located at First Capital Tower. In addition, the company has alSO inCWased semice charges rate o7First Capital Tower nsultlng ia increase of sale revenue.
At the reporting date, current liabilities of the Company have exceeded its current assets by Rs. 6,777.32 million (30 June 2025: Rs. 6,099.61million), and accumulat‹xl losses of the Company stand at Rs. 3,792.41 million (30 June 2025: Rs. 4,340.122 million). Tha Company's equity has eroded and the accumuJaied lo»r exceed the share capital. shart premium, share based Payment rescues and revaluation surplus by Rs. 657.70 million (30 June 2025: 1.212.252 million).These conditions Indicate the existence of a material uncertainity related to events or conditions that may cast significant doubt on the Company's ability to continue as a golng concern and, therefore, It may be unable to malizc its assets and discharge iw liabilities in the normal coup of the business. Despite the accurnulatt4 losses. Company's liquidity position is getting better during the period ended December 31, 2025. The Company has also started meeting various obligations towards its lenders.
Construction of Pace Tower lobby is complete and finishing work of remaining units mainly on 16th to 21st Floors is in process. The company is actively seeking to complete 0» wmining units of this project within next 06 months. The management is actively engaged to find buyers for the sale of remaining floors/ apartments in Price Tower. The proceeds from sale of inventory shail be used for new project.
The Company has saleable inventory in the form of different properties for which the management is actively looking for the buyers and has devised a strategy for sale of thc inventory. The proceeds from these sales will help to improve the operating cash flows of lo Company and to sczlc its obligations
During the period, the Company acquired centri print and digital media businesses, including brand names, publishing rights, and digital tnedia platforms, from Media Times Limited for a total cash consideration of Rs. 860 million, following approval by the Board of Directors and shareholders. bese acquired brnnd and media rights hnvc been rccognind as intangible asscu in accordance with IAS 38 Intangible Assets. Management expects that these media o rations will contribute to future revenue generation end operating cash flows throne diversified income steams, inciudiug advertising, digital contcni, and brand mon#tisation. The acquisition is therefore considered apositive factor in management's asmssment of the Company’s ability to improve its cash flow position and support ongoing operations.
I urtherinore, the Chief Executive, Mrs. Aarnna Tascer and Direttorx Mr. Shahbaz Ali Tosecr end Mr. Shehryar Ali ’Fascer have jointly provided a letter of support dated 08 September 2025 to the Company wherein they have committed to supp0rt the Company to continue as a going concern.
Accordingly, these Condensed Interim Unconsolidated Financial Statements have been preparcd on a going concern basis and do not include any adjustments relating to the realization of assets and liquidation f settlement of any liabilities that might be ne‹›cssary should the Company be unable to continue as agoing concern.
l'acc (l'ak stan) Limited
C‹›lcs to the Coi›d d Interim Unconsolidxtcd i inan•iaI St«tcmcnfs (Lin-audited)
” * yrrparntio‹t and statenirnl of compllancr
llicsecondensed interimunconsolidatcd financial statements comprise the condcnscd interim inconsoildatcd statement nf finmcizl positi0n of the C'ompRny es at 3l December 2025 land the rclatcd condensed interim unconsolidacd stntuincnt of profit a Tosh, condcnscd interim unconsolidated staicmcnt of comyrchcnsiv< income, condensed interim unConsnlid•t d statement of chnngcs in cqutty and condensed interim tinconsolidntcd stairmcnt of cosh flows together
”llcsC condcilscd interim unconsolidatcd financial statements of iha Comply for the six months ended 31 December 2025 hn ‘c bccn prcp»‹n accordance with ihc acrourtting and reporting stt›ndards as applicable in Pakistan for interim fiRnCl8t Wp0rt1fl/. QC acCounting‹›nd reporting standards as applicable in Pakistan for interim financial reporting comprise of.
lntcm8Ttonal ACCounting Standard (IAS) 34, Interim Financial Reporting, issued by ldc lnttmaiional
Accounting Standards Board (IASB) as notified under the Companies Act, 2017. and
ProVlSions of and diactivcs issued undcr the Companies Act. 2017
Where provisions 0t and directives issued under ihc Companies Aci, 201’7 differ with the requirement of IAS 3 f, the provisions of and dir etivcs issued undcr the Companies AcL 20t7 have been followed
"fTicsc condensed interimunconsolidatcd financial statements do not include all of the information required for annual financial suitcinents md should be ‹cad in conjunction with the annual unconsoliJatcd financial statements as at and for the year 30 Junc 2025. Comparative condensed interim unconsolidatcd statement of financial position is stated from annual audited financial statements as of 30 June 2023. whereas comparatives for condon red interim unconsolidatcd statementof profit or loss and olhcr comprehensive income, condensed interim unconsolidatcd statement of changes in md condensed interim unconsolidatcd statement of cash flows arid related notes arc extracted from condcnscd interim un‹:onsolidatcdfinancial statements of tic Company for the six months ended 3) December 2024.
these condensed interim unconsolidatcd financial suitcmare unauditcd and being submitted to the shareholders as
requim6 by section 237 of the Companics Act. 2017 and the listing regulations ofPakistan Stock Exchange Limited.
ñ5C Condensed interim unconsolidatcd financial statements arc presented in Pakistan Rupees which is the Company's functional currency «nd all financial srctcments pr«scnthas been rounded ofT to the nearest rupLc, except othcnvisc staicd.
4 Use of estimates aad judgments
In preparing these condensed unconsolidatcd interim financial statements management has madt judgments, estimates and assumptions Lai affect the application of accounting policies and the mponed amounts of assets and liabilities. income and expenses. Aceal results may differ from these estimates.
33ic sigiJlficant judgments made by thc tn»nagemin applying the Company’s accounting policies and the key sources of estimation uncertainty arc the same as those applied in the preparation of annual audited unconsolidatcd financial statements for the year ended 30 June 2025.
Statemcmt of consistency in accounting policies
The accounting policies and the methods of computation adopted in the preparation of the condensed interim unconsolidAted financial stacmcxLs as some as those applicd in the preparation of a›x›val audited financiaJ statements lor the year cndcd 30 June 2023.
l'iicc (l°akisian) I.imiicd
Ntlt0sto the Condensed 1»teriiu Uiiconsolidatcd Fiiiencial Statements (tJn-audited)
L'a-audited Audiic‹J
3I December 30 June
202£ 2025
(Rupees In thousan‹l) --
Ibn-audited Audited
JOE mb r 30}xo 2U]S 2O?8
--(Numbe<>
*lhoriscd capital
Ordinary shared of Rs. 10 ench 00 0 0 0 0 0 0 00 0 0 0
ThC ITcmbCfs of the Company, in tic Extraordinary General Mccling hcld on Scptcmbcr 24, 2025, approved an incrczse in the authorised sharc capital of the Company. However, the approval of the Securities and Exchange fiOMfTtiSSiOn of f'akistan (SECP) is Still pending. Accordingly, the clTcct of this mattcr has not in incorporated in these Condcnscd Interim Unconsolidatcd Financial Statements for the period ended December 3 I. 2025
6.t Issued, subscribed rind paid-up cnpltsl
Ordifi shares of Rs. 10 cach
Fully pRtd in cash
Ordinary shares of Rs. 10 cach
2,017,045
issutd as bonus shares
77l,7tl
2,788,766
771,721 77,172,088 77.172.088 2,788.766 278,876,604 278.878.6 4
é.3
Ordinary shins of the Company held by associated undertakings are us folio›vs:
Basis of Relationship
Un-audited Audited
3t December 30 June
2 25 2025
(Number of Shares)
First Capital Securities Corporation Limited
I irst Capital Equities Limited
Common Directorship
Common Directorship
7.504,915 7,504.915
7,604,004 7,600,000
15,104,9 5 15.104,915
6.4 There has l›zcn no movement in ordinezy share capital issued, subssribcd ‹u›d paid-up during the period ended 3 I
December 2025.
Issuance of shares against consideration of other than cash:
1”lzc members or ihe Company, at the Extraordinary General Meeting held on September 24, 2025, appro•rd the
issuance of ordinary shcrcs of Pace Pakistan Lifttitcd ggaiftst consideration other than cash, i.e.. immovable properties.
The approva| o/ the SccuriTics ›u›d Exchange Conunissiox of Pzkistzn (SECP) in aspect of the said issuance is pending as at December 3 I, 2025. Accordingly, no efTect of fhis transaction has been incorporated in these Condcnscd Interim Unconsolidatcd Financial Statements for the period ended Dewmbcr 31, 2025.
Un-audited Audited
31 December 30 June
2 2 2025
- - (Rupees in thousand) —
7 Share premium
Share pmmium reserve
273,265 273,265
This reserve can only be utilized by the Company for tht purpose specified in Section g i(2) of the Companies Act.
2017.
I eng term finances - secured
PAIR ln›’cstincnl C'oinpniij Liiiiilcd
I. ss: Current n aturit prcscnted under current liabilities
b In c torrent portion
Noie
8. I
I In-audltctl AuJitcJ
$ j jj/y/mhcr 30 June
202.5 2025
— (Rupees In thonsan4)
16,62f› 56.625
(56,626)
b.1 FAft tn ’estmcnt Comynny i.imitc‹J
On 28 December 2016, PAIR Investment Company Limited ('PAIR') and lhe Company entered into Debt As$Ct Swap
/ 1.iabi1itics Setllcmcnt Agrccinent ('SA') for settlcmcnt or entire principal along with accrued mark-op aggregating to Rs. 172.31 million. The settlement was partly made against property situated nt examine fioor of Pace TowCr iricasuring 5,700 squam feel along with car parking area rights for 7 cars in bnscmeni No. 2 amounting to Rs. 105.45 million. In accordance »'ith thc SA, PAIR purchns«d the «rorcmcntioncd properties from the Company, Pursuant to the SA, on 28 December 2016, the Company and PAIR executed sale deed and possession of lhc projnrty was handed ovcr to PAIR. The Company and PAIR also agmed that PAIR will continuc to hold its chnrge over PacC M.M Altlm up till repayment of the balance outstanding amount.
fl.1.1 Reconciliation of outstanding dues:
As nt beginning of the year
Adjustment on account of service charges Adjustment on account ofdefault
Ay at end ofthc year
8.1.2 Security
Un-audited Audited
31 Dec»mb‹r 30 June
2025 2025
— (Rupees in thoussnJ) —
56,626 58,695
- (2,069)
26 626
The restructured amount is secured by montage amounting to the sum «r Rs. 142.86 million on the projnrty being piece and parcel of land located at Plot no. 96fB-1, Gulberg III, Lahore measuring 4 kanals and 112 square feet along with structures, superstructures and appurtenances including shops / counters having orca measuring 20,433 square feel. The charge ranks parri passu with that ofNational Bonk ofPakistan to the extent ofRs. 66.67 million.
8.2 The members of the Company, in its Extraordinary General Meeting held on Septembcr 24. 2025, approved the settlement of outstanding dues payable to PAIR Investment Company Limited through issuance of ordinary shrines of Pace Pakistan Limited.
The issuance of shares is subject to approval from the Securities and EhC.hange Commission of Pakistan (SECP). which is currently pcnding. Accordingly, the shares hnve not yet been issued as ofDecember 31, 2025.
These Condensed interim L/nconso/idatcd F'inancial Statements /or the period ended December 31. 2024 do not include the elTcct of this transaction.
9 Redeemable capital - secured (aoo-participatory)
Perm finance ceoificatcs
I.ess: Current maturity prcscnted under current liabilities Non current ponion
Un-audited Audited
31 December 30 June
2025 2025
-— (Rupees in thousand) —
805,1 lti 805.11
(805, 118)
1'» (l'okisian) Liiiiitcd
“I rrmi findncc certifirntt
St»«k Lxcl 0I1gC issued for a period off years. On 27 September 2010. the C«mpzny completed the restructuring of its
›r Ti"C holders holding ccrtifiC4t09 Ill e rcgatc of 3I.73 %, through extraordinary resolution passed in writing. Consequent to lhc approval of TFC holders, Addendum to the trusl dcc‹l »'as executed between the Co‹npgny and trustee 'lGl Investment Bank .imitcd’ (nO ’fGl holdings Limitcd') under which the Comply wire sIIoWcdunc Rn‹l a half year gza<< r•‹ •! g ‹* •• ** *ft•'0• of' Your ›’ears in the tenure of TFC issue and consequently. the remaining tenure of TFC shall & six and x half years clTccti›x frcin 15 August 2010. hc TFC's carry a markup of 6 months Kll3OR plus 2% (JUf10 30, 2o25. 6 months KIBUR plus 2%) nnd is ynyablc semi-annually in arrears. 'the Company could not rcpsy en g }}fTlC § help, the inslolin nos d c «s per ihc rcvisc‹J schedule uf rap tymeiit and is not compliunf with ‹cal» debt covCnAnts which represents a breach cr the rcsj›cctivc agreement, therefore, the entire outstanding amoun! has been Ctg$5lficd a.1 8 current liability under guidance contained in SAS I - Puscntatinn of Financial Statcmcnt9, GB COfTi BD !8 !8 ncBntixtion wilh the TSC holders and the trustee for relaxation in payment tche and certain other covenants.
During 2020, Pakistan Stock Exchange through its lcttcr (Ref No. Psxzc«-5‹gz dated 19 NovcjTj6eF 2019 instntctcd the Company to apprisc them regarding mcssvrcs t•k n for removal of default of payment of principal amount, norkuy and restructuring of the TFCs by 23 November 2019. Consequently. the COmpanyhas suboiidcd its reply to the Pakistan Stock Exchange on 25 November 2019 and has intimated tic Exchange that it is currently negotiating with the TFC holders for settlement of outstanding liabilities and for relaxation in paym2fit tCf¥7tS Bad tJ›aT a settleracat proposal was shared in the meeting held on IB March 20J 8 with the TSC folders. Ho¥¥'OV07, despite three reminders sent by the Trustee, response of the TFC hol‹lis still pending.
The TFCs ore still in the defsulier segment due to non compliance which could tcsult in dclisting of Trc •d•‹
Pakistan Stock Exchange Regulations.
Tl›c TFC's aro secured by a first exclusive charge by way of equitable mortgage on the Company's properties situated at 124/C- I, Main Boulcvazd Gulbrrg III, Lahore, 38-A end 39 Block P. Model Town, Lahore, G.T. Road Gujrag G.T. Road, Guj‹a»wal< and first •x«1usiv• h thccatton change over certain specific fixed assets, to the extent of Rs.2,000 million.
B2 The members of the Company, at the Extraordinary Gencnd Meeting held on September 24, 2025, approved the settlement of Term Finance Certificates through the issuance of ordinary shares of Pace Pakistan Limited in favor of various Term Finance Certificate holders.
The issuar›w of shares is subject to approveJ from the Securities and Exchange Conunission or Pakistan (SECP). which is currently pending. Accordingly, the skarcs have not born issued as o/December 31.2025.
Consequently. these Condensed Interim Unconsolidaicd Financial Statements for the period ended December 31. 2025 do not include the effect of this cranes.
TiJ I nwign cm•rcncy cen› crtil›le bonits - nnsccuretl
tlpciiiiig 1›alaiice
Hart up ac cured diiiiiig the period
J 1 FJrccmhcr 10 Jun*
2021 2TJ21
--- tltiipees ln thousand --
4,973,fi74 '1 ft78,519
4,973.fi74
4.ft78,519
95,055
7fiI
1,973.5 7J
10,1 On 27 Dcccinbcr 2007, tiN' (orpornic Trustee Services Limited incorporated in United k ingdoni with its rcgistcrctl office at f)nc Canada Square, Loadon E IJ SAL rind the COltlQdfl}' Cfli cd into an agrcctncnt thai th Couri»l ISSUE
25.000 convertible bonds of USD 1,000 cach amounting to USD 25 million, the forcign currcncy conVcrt blc bonds
re ca› ›•crc lisled on the Singapore Stock Exchange and became redeemable oh 28 December 20.12 at the 9 RPctcd principal amount. Tate bonds carry « marL-up a/ 4. 5% per ant›um, con›pouodcd scnti•nnn ially, accrctivc (*!P till 28 December 20 12) and cash interest of 1% pet nnniim to be poid iii arrears. 7 he holders of thc bonds land rim option to coiix'6r1 @c• bonds into equity slimes of the Company ni my time follow ing the issue datc i ill ltte maturity date at o priCC
calculated us pcr ierins of"arr«ngement During th ycaf 2008, (I.SD l3 miJlion bonds linvc been cone crtcd into the ordinary
shares nf the €"oinpany and remaining USD 12 milliotl bonds along with related inicrcsi hut u not been repsid by the Company.
As the Wnir x'aluc calculated for the financial instrument is quic subi••tivc anJ cannof be measured r5lfably. ••w•v• »i/y
the bonds ltsvc been csnicd st cost and includes accrued mark up.
0.2 This represents exchange {gain)/ loss arising on iranslation of foreign currcncy convcniblc bonds.
1 J CrrdiTors, accrued and other liabilities
Note
tin-audited Audited
30 June
2025 2025
(Rupees in thousand)
Ttade creditors
83,071
137,198
Provisions and accrucd 1i«oiliiiu
301,284
402,282
Payable to statutory bodies
66,72I
61158
Security deposits
2I,J48
18.413
Rentals against investment property received ia advance
34.170
47 859
kcientioq money
3,461
5,461
Income ttLx payable
101,429
tethers
11. 2
928.728 39,181
7.11,552
I l,T These represent security dcposks received agau›st rent of shops rented out in the plazas. Section 217 of Companies AcL, 2017 requires thai a Company or any of its officers shall not rccciVc or utilize any money received as or deposit, except in accotâance with n contract in uniting. keeping in view the requirements of this section, the Compaq has entered into agreements with third potties whereby it is expressly strived that the Company shall have the right to utilize rite security deposit at its discretion Th use amounts arc iionnallv utilmed to bring the areas rented out for their intended use (upkeep expenditure 1
Notc5to ‹he Condensed Interim Unconsolidatcd Financial Statements (Un-auditcd)
I 1.2 ’I”Iiis ncI»dcs the IolIos•‘ing amounts yayohle io related penics:
Media Times LiiJllted
iut ñspii«1 Sauritics Corporation Ltniited
Relstlonshlp COmmOn Directorship Common Directorship
tin-audited Audited
3I December 30 June
2025 202S
— (Rupees in thousand)
d60,009 -
33.760 -
l2 Con r••nclesand commlttneuts
Conilngencles
On 10 October 201 7, the Comply filed a petition against Dumas (the tenet at the M.M Alntn Plaza) in ihe Rcntnl Tñbuna a LahoreO&thcgrounds Axt0:c |cnan|hxs vio1ac6+h< !cms end condiGonsof!hc hoc ggxcmcnt nluding fnilutc to pay rent and denial of thc righi to entry into the premises. The amount of clnim is Rs. 75 million.
The petition is pending for hearing. As per legal advisors of the Company, there arc reasonable gmunds to defend the Company's clam. however no asset has been bmkcd in the Condensed Interim Unconsolidsicd Financial Statements
repo
f2.1.2 Oo 29 Hov*zabcr 20t2• Shahccn losumncc Company Limited end First Capital Securities Corporation Limited (on behalf of First Capital Group) entered into an agmcmcnt whereby. it wcs tkat liability pertaining to rOBflSBCtlO¥t mmoxtngto L. 9.t9 mi!honNongwié Ssvr n‹x premium payzblcamoumbng!o A. 8&86 fom Capiul Group shall be sexled side sale of 4.70 million st orcs of Fix ‹ capital £quilics Limited to Shahccn Insurance Company LimitCd BI a price of ks. 40. Included in the insurance payable is Rs. 57.96 million pertaining to Pace (Pskislon) Limited. It was agreat Shat›ccn lnsixancc Company limited will be allowed to stll thc share after two years, however, the first rigbt to refusal shall b« given to the First Capital Group. Further, First Capitat Group guaraotecd to buy back tbc shazcs at Rs. 40 in case the shares azc not saleable in open msrkct. The agreement was cubscqu«ntty amended on 07 tvfarch 2013 to rcrzlovc restriction of holding pcriod ofwo years. In add tion to thug the gvarwtc< to buy beck was also r«vok«d.
there
On 24 April 2015, Shahccn Insurance Company Limited filed a suit for recovery of Rs. 188.75 million in the Honorable Senior Civil Court be case is under adjudication and tic maximum exposure to the Company is of Rs. 57.96 million. As
per legal advisors and of the Company arc mcriiorious grounds to defend the Company‘s claim and
consequently no provision has been made in these Condensed Interim Unconsolidaicd Financial Statement.
cash
time
T2.IN L view of Ice opiztioo obu›incd by the lcgat advisor of thC company, the company has stopped charging cash interest of I % pm annum on the outstandtiig FCCB amounting USD 15.7 Million (Principal plus accurnuiatcd mazkup till maturity). As of 31 December 2025, there is a liability provided amounting USD 1.8 Nñllion with regard to l% casb coupun. As per balance confirmation received fT0tfl BNY Corporate Trustee Services Limited the liability ouistnnding docs not include the
”g
aforesaid amount of 1% The management of the company is confident Int thc final liability »i the of
settlement would not cxcccd the nmount already provi&d in them Condensed Interim Unconiolidatcd Financial
SiaicnicnH
Commitments
There is no commitment as at December 31, 2025 (June 30, 2025.Hil)
13. I
I!n-audiTe4 A ditcd
J T December 30 J»nc
2025 2.25
--- (Rupees In thousand)
10s,l1ñ
13.1
l10t S9IMC It( UC jItttln§ n} tlJ0 }j0£iO€|
Additions during the period
t)isposals during the period
Transrcr1
Dcyrcciatton cliarB*8 during the period
impairment chargc
13.2
61J,4B2
T60,000
373.435
(17,552)
IJ.2
Nci book value ai end of the pcriod
Right-of-use assets
Nei book value st be2i»Bing ofUm period
Additions during the pcood
n sposals during thC period
Dc• fCClfttiofi charged during the period
50fi,lss 5
95.b35
(4.770)
90,865
Tnta‹tgihlc asacts
During the period, the Company entered into an ogrccmenl dated December 26, 2025 for the acquisition of certain print and digital media businesses.including mand brand macs, publishing rights and digital media platfomis, from Media Times Limited (a rclated party) for n total cnsh consideration of PKR 860 million. pursuant to approval of the Board of Directors and sharcholders ihrnugh a Special Resolution, with the transaction becoming clTcclive from December 31, 2025
’1 lie acquired brand and medin rights relating to Daily Tees Wglish Newspaper. Aaj Kal Urdu Newspaper. Sunday Times Magazine, and digital media platforms including BU in YOUR, i8* TV, Wikid TV, and TGIF Magazine
1“hc transaction has been accountedfor as an asset acquisition, and the acquired brand and mcdia rights have been recognised as intangiblc assets at cost in accordancc n'ith IAS 38 — Intangible Asstts No goodwill has arisen from the trasaction
VxnagcMent has SOSSCd that the acquired brand and media rights have indclTnnc useful livv•s, as ‹Iic‹< is no forr•s to thc pcriod ox•cr xxhich ‹Pte assets arc cxpcctcd to gcneratc net cash ›nflo›vs Accordmgly, these intangible assets arc not amortised and arc tested for in palm cr›f annually, or more frequently if ‹nJicators or ‹mpaimicnt exist. in accordance wnIi SAS 36 — hnpavmcnlof7tsscD
Long term incrstmcnts
Un-sudiitd Auditcd
31 Drcrnibrr 30 June
202S 2025
inupees in thousand)
lnvcsiincnt in subsidiaries - uoquoicd | 2,106.802 | 2.598.0 14 | |
Share options issued to employees of Pecc Darks Properties Limitcd | 6,607 | 4,951 | |
3.40 | 6 965 |
I'acc {Pakistan) Inieited
Nutcs to thc Condensed interim Unconsolidatedfiiñancial Statcments (U•-audited)
l•’ni the sis months ended 31 Dectmbtr 2025
IS.I Tim mcmhca oF the Comysny, at the ExtraordinarGyeneral Meeting hcl‹l on September 2ñ› 2023, approved tR
con›pIcicd the disposal or , 28 or‹llnary a5ar‹u› Fgprcscntlng 56.79V<of the entire shareholding
consideration of Rs. 452.BE ix(lIlon. As a resultof thc disposal, thC Corp y *^ ! ® @'^
in Pace Super
party) for s
million, which has accordingly been included in these Condensed I icrTm Uxconmlidatcd Financial Suilcmt3U
Duting the period cndcd December 31, 2023, the ncmbcu of the Company, «I ie Ext aordina‹y General v ‹»g
rcf›oTding
comprising 230,6l7,63l ordinary shares, representing S2.2IV of the total shsrcI›oIding. in Pace Barka <>bimiied to First Capital Securities Corporation Limited, Media Times Limited 8nd (Private) Limited, at a consideration not lv bu the fair vsluc, to be dctefTnincd through an indCpcftdcnt
valuadon, on such terms and conditions ss may be considered appropriate rod in tkc best intOf *
Company.As at 3l mt›cr 2025, the dtspoaal transaction had not been completed,
Un-audited
Audited
IS Stock-In-trxde
Led not undc dwclopn cnt Land purchased for resale
p gj
Completed units shops
17 Trude debk Considenxl good Unsecured
Less: Impairment allowance
21,600
332,931
70 52
8?B,428
21,600
SI8,400
582.4
86,4#6
877,165
508
469,791
676,800
1,346,956
646,408
I6 Casb aad baak balances
Cash in hand
Cash aI banLs
Current accounts
Saving accounts
18.1
10,125
55,683
2,l6ti
57,843 t8.87t
5Y,843 18.87 i
18,1 This includes Rs. 7 million (30 June 2025: Rs, 7 million) on which lien is asked againu sale ofproperty to MCB tor further development charges st Pace Tom.
Pace (Pakistan) I.imited
Notes to thc Condensed Interim Unconso idated 1 inancinl Statements (Un-audited)
Foi• the si x suiiIlis ended 31 Deceiiibet 2G25
19
She o1’Sliops / plots l3isplay of advertisements Scrvicc charges income
Revenue from contract with customers
Un-audited Un-audited
3I Deceoibcr 1 December
2025 2024
-- Rup‹•s in thousand)
236,28o 865,912
4 2 460
95,522
96I ,294
Other revenue
Rental income from lease of investment property
Total revenue
Cost of revenue
Shops and commercial buildings sold
- •! percentageof completion bosls
at completion •:tprojeci bosis
989 891
66,887
409 b00
27,997
Stores operating expenses
Uthcr income
25,884 0
540 4 3 6
This represents finance income from lease & Financial Assy scrap sales, mark up on bank accounts, gain on disposal of subsidiary, liabilities written back and other income.
WnxncacoN
Interest and mark-up on:
Note
Un-avdi‹•8 Un-audited
31 December 31 December
2025 2024
(Rupees in thousand) -—
- Long fernfinancec - secured
Redeemable capital secmed (non-participatory)
Notional interest on lease liability
Bank charges and processing fee
Minizaum Tax
5,072
53,446
t7)84
75,702
350
2
4,456
64,904
12,895
82,254’
208
82,462
Minimum Tax 23.I - 12,374
ThlS represents minimum taxes paid under section 113 of Income Tax Ordinance, 200l(lTO, 2001),
representing levy in terms ofrequirements of IFRIC 21/IAS 37,
Taxation
Income Tax
Current Year
Prior Year
Note
I
Uu-audited Un-audited
31 December 31 December
2025 2024
(Rupees i» thousand)
113,288
s,o01 -
118,289 -
The provision for tax has been provided as per the provision of section I l3C (Alternate Corporate Tax) of the Income Tax Ordinance, 2001.(2024: Minimum Tax Regime under section Section 113 of Income ’tax Ordinance, 2001).
1'acc ll'alisian) Liiiiited
Un-audited Un-audited
3l December 3 I December
2025 2024
•-- (Ruyccs in thousand) —-
I'rnln fcr thc pcriod
Wciglitcd a•'cragc numbcr of ordina sfarms
outstanding
26 Diluted Warning Per Slisre Profit for the period
Weighted avcragc number o ordinary shares
outstanding (in thousands)
diluted Earnings Per Share
214 263
- Number—
278 877 278 877
1.97 7
Un-audited Un-audited
31 December 31 Deccmber
z 2s 2024
(Rupees in thousand) --
Itcstated
548,1 I 1 14 26
Number
309,863 309,865
1.f7 0.69
26.J fteconciliations of basic and dilued earning per share
Weighted average number of ordinary shares
— Number
in thousands
278,877
278,877
Add: Diluted impact of h.mplOycc Stock Option Scheme 2 ,2
l3ilutivc potential ordinary Shares
30,986
0 8
30,986
309.863
16.2 The company has issued 30,986,289 ordinary shares subsequent to the reporting date .
I'ace (l'akistan) Limited
Notes tti tlic Condcnscd Interim Unconsolidatcd l'inancial Statcmcnts (lJn-audited)
17 Cash (used in) I generated from operations
Un-audited Un-audited
3J Dece »•r 3 I ncrember 2025 2024
--- (Rupees In thou8&ñ8) —
Profit before tax Adjustinent tor:
I.xchange (gain)/ loss on foreign currency convertible bonds l•rovision for gratuity and leave encnshment
I3cptcciation on ptoperry, plant and equipment
Share leased Paymenet expense Amortisation on intangible assets Impairment loss/(reversal) on Trade debts Changes in fair value of investment property Non cash income
Gain on disposal ofInvestment in Subsidiary
Mark-up income
Effect on coshfiow dyy to working capitol changes.’
(Increase)/ decrease in stock-in-trade Increase in trade debts
(Increase)/ Decrease in advances, deposits and
other receivables
Increase/ (Decrease) in contract liability
Increasc/ (Decrease) in creditors, accrued and other liabilities
cash (used in)/ generated from operating activities
666,400
(63,823)3,447
12,113
4,782
248
(23,748)
3,912(95,072)
(361,643)
75,702
(16)
216,764(I 26,533)
90,231
226,637
3,660
2,372
1 1, 16 l
249
5 b99
(2,421)
(4,650)
82,254
(456)
60,482 | (270,880) |
(39,98Z) | (16,374) |
43,09 | 11,705 |
(61,907) | (81, 106) |
(42,028) | (44,105) |
324,505
(400,760)
(76,255)
Pace (Pakisian) Limited
Notes to the Condensed Interim Unconsolidaied Financial Stateniculs (Un-audited)
28 Trensnetions n'ith related parties
The related parties comprise of subsidiaq companies, associated company, othcr related companies, directors of the Company and entities undw commnn dircctwship transactions xx'ith related parties hax< been carried out on Arm's length OtllCf SlgnlfiCant tTfiftSllCtlons with related parties except those disclosed clmvherc arc as roilows
lame or «am
Rclxtionshi
Natureof Transactions
Ru $'€$ in the
Psee Barka Properties Limited
First Capital Securities Corporation Limited
Jyj-3t Capital Investment Lfinit0d
Post eazployezocot bco*fits P’^^
Subsidiary
Common Directorship
Comitton Dfrectorsbl
Common Directorship
Employee Fund
Jgy 8lanagemeat Personnel
Shareoptions issuedto employees of the subsfdlary
Sale ofProperty (Pace Towet)
Saie•rrace Super Mall Private Limited investment
Purchase ofPland and machinery pause ofPace Tower (IP) Purchase ofPace Céclc (Ip)
sae orPropert(yPace Tower)
Payment againstpurchase of property Rental income
Payment received
Acquisition of intellectual TOJtt fi$blS
Receivables
Gratuityand leaveencashment
s<>ndother benefits
b,4or
45,587
d52.8M
le›,fXHi
42,432
16,020
12,598
$,447
8,179
2.87o
16,500
2,o72
2t.775
Pace (Pakistan) I.iinited
Notes to the Condensed Interim Unconsolidated
Financial Slatcments (Un-audited)
30 Jvne 20z5
Carrying amount
k'oie
Financial assets"
amortised cost
Financial
liabilities al amonised cosi
Total Level 1
—- (Rupees in thousand) —
Level 2
Financial instruments
30 June 2025
Long term advances and deposits Trade debts
Cash and banL balances
79,788
13,619
646,408
l8,87 I
79,788
13,619 -
646,408 -
18,87 1 - - -
2p.2 758,687 758.687 - - -
Long term finanMS - SflDHfTd
Redeemable capital - wcurfi (n0f1- dftI€I 8tOJ)
Lease liability
Foreign currency convertible bonds - gTt52Cured Creditors, accrued and oper liabilities
AccMcd Gnancc *+
/p y
56,626 | 56626 | - | - ’ | |
80Ll8 | 803.118 | - | - | - |
- 244,778 | 244,778 | - | - | - |
- 4,971,574 | 4,973.fi4 | - | - | - |
- 663,693 | 663,691 | - | - | - |
- l,70J,40I 1,703,401 - - -
- 8,447.190 8,447,190 - - -
29.2
2 frtpany has nor disclosed tht fair values of these financial assets and lfabiliiies as muse are for short term or reprice over short term. Therefore, their carrying am * an reasonable approximation of feir value.
f•‹›r her .six ni‹›itIli.‹ en‹l‹•‹l 3l Urceiiiher 7n2
ol ticLumpm lorthc;carcnd<< 3UJunc 202a.
JJ Date of authorization for Issue
C4icse condenmd interim fint›ncinl statcxzcnts were authorized For *+^* ^+ by the Of DI tOrS Of
C••ndensedInterim Consolidated Stnienimi of Financial posiuon
31 Dctein1ir'r June 3fl.
$.j 0s„$03
g
37.82t
Siock•in•uude Trade debts
AAwicc›, dqosia prrPa›-• ••d other ieeen•b1cs Imome Us refundable - net
Caift ari3 bM harem es
3J0SJ0I
j.I aI dj0
59.l37
j0,434.371
CamScanner
Pace (Pakistan) Limited
fl0Ftdensed Interim Consolidated Profit and Loss Account (Un-andited)
!”•r the ozsniuutlifi xndcd 3.1 Dzrrnilx r 202a
For the liklf j''ear cpdcd
Otctmbtr 3 I December
2025 2fl24
--- {Rupees in tbousxnJj -
3I Dtt‹mhtr 31 ncc mbcr 2025 2024
- (Rupees ie IhouJentt) --
l,0IJ,420
989,g9i
570,0 16
Cost of Rcvcnuc
(5G5,05t) (566.506)
(262,300)
Adm nistrau*c and selling expenses
9 roñtl (Loss) from operctiop's
J.49,168
806.004
423,383
12.693
276.d98
707,7I6
(V.138) 23,748
I i 0,439
j l9,6y2
20g,S8 I
2,073
r inaricc cost
Exchange(loss}/ gain on foreign uuf renew convertible bonds loss lr0m cksngc in fair value of incstn›cnt property I:refit / {Loss} brfort incornc tnx and minimum taxes
Min irntim l”nx
Profir/(f;y5s) bereft inromc taz
Profic añer taxation from disconinued operations
Attributable to:
.Oiv'ncis of th* Parent Company Now-courolling intcmsu
(7,Z4)
(3.660)
2,421
177,535
( 1.2,374}
1.65.161
S90,J70 165. i61
191,35 I
(26,190)
165. i61
2.12 069
(22.198)
20.93 I
(t30,969)
{3,012)
447,983
'i4, 199
( 63, l25l 7S4t6S7
284,85t
23.7,52S
47.332
28*:5D7
I .02
(42,Gl7)
‹i*,46 )
.3,4l2
f6,44/)
( 127.41 fi)
(127,4 16)
319
.201) (77,29B)
Rest ated
(028)
l'ar•iar persha rt - diluted - froro continue d alterations
E•ming l›er shsre - b•sic Ra4 dilofed - from disconinacd opcretions
Cbtef Exewtt e O€irer
1.9I 0.62
0.77 0 2
CamScanner
Peace (Pakistan) Limited
^ COFldenscd Interim Consolidated Statement of Comprehensive income(Un audited)
'or llie z/x months ended 31 December 2,92°i
g ty' jg December July' la Detcn› he r
g$$gmjjyy | 3 I Dcccmber | 3t Deu mhm r | 3 I December |
2025 | 3024 | 2025 | 2024 |
— tftupets in thousand) — — (Rupees '° °<°" ) —
Profi U'(Loss) for the pcrioé
O tljcr com prchcnsit”c ncomc for Iitc j›eriod
]l n›s ileal \’iII no! bc reclassified to statement ogprofi ur loss:
fi90,470
284.857
( 127.4 l6)
ftcnicasutemc»i or»•i defined benefit liiibiiiiy | |||||
Tojn j comyreficcsi”c Incense/(l0ss} for Ihe {ie riD4 | 590,470 | 163. 161 | 2g4,857 | ( l27,4 T6} | |
AMributablc la. | |||||
0v;icrs OJ the PaNlit COcngOFl}' | SGO9BO | 19I,551 | 237,625 | (101,226} | |
HoH-controi1ing inrerus‹s | (26, 190) | 47,332 | (26, l90) | ||
590.470 | 165. 161 | 2B4,857 | (t27,4] 6) | ||
The anne.ted itotesfront I to z6for» an iiiiegrnl part oflliece consolidatcdfuuoviol stote»ieiits.
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