Packages LimitedPSX: PKGS

Financial Results for the Half Year Ended 30 June 2025

Aug 29, 2025 at 10:44 AM UTC · Issued by Packages Limited

FORM-7

SEC/71/PKGS 29 August 2025

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

SUB: FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2025

Dear Sir,

We have to inform you that the Board of Directors of Packages Limited ("the Company"), in its meeting held on Friday, 29 August 2025, at 11:30 a.m. at the Head Office of the Company and via Zoom has, inter alia, approved the condensed interim financial statements (unaudited) of the Company [standalone and consolidated] for the half year ended 30 June 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 Company for the captioned period are enclosed as Annexure 'A1 to A5'

(Unconsolidated/Standalone) and Annexure 'B1 to B5' (Consolidated) with this letter.

The quarterly report of the Company for the period ended 30 June 2025 will be transmitted through PUCARS separately, within the specified time, and shall also be made available on the Company's website https://www.packages.com.pk

Yours sincerely,

For Packages Limited

Iqra Sajjad

Company Secretary

Encl: as above CC:

Director

Company Law Division

Securities and Exchange Commission of Pakistan

NIC Building, Jinnah Avenue Blue Area, Islamabad

Director

Enforcement Department

Securities and Exchange Commission of Pakistan

NIC Building, Jinnah Avenue Blue Area, Islamabad

Director

Securities Market Division

Securities and Exchange Commission of Pakistan

NIC Building, Jinnah Avenue Blue Area, Islamabad

Offsite-II Department

Supervision Division

Securities & Exchange Commission of Pakistan

63, NIC Building, Jinnah Avenue Blue Area

Islamabad

Executive Director/HOD

Annexure A1

PACKAGES LIMITED Unconsolidated Condensed Interim Statement of Financial Position

As at June 30, 2025

June 30, December 31,

2025 2024

Un-audited Audited

ASSETS NON-CURRENT ASSETS	(Rupees i	n t	housand)
Property, plant and equipment	680,153		604,130
Investment properties	1,960,631		1,919,924
Intangible assets	774		929
Long term investments	58,152,173		59,630,418
Long term loan to subsidiary company	6,250,000		1,000,000
Long term security deposits	3,713		3,713
Deferred taxation	-		29,714
	67,047,444		63,188,828
CURRENT ASSETS
Loans, advances, deposits, prepayments and
other receivables	1,229,886		1,385,742
Income tax receivable	2,369,175		2,294,994
Short term investments	110,000		110,000
Cash and bank balances	2,140,821		159,674
	5,849,882		3,950,410
TOTAL ASSETS	72,897,326		67,139,238
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorized share capital - 150,000,000 (December 31, 2024: 150,000,000) ordinary shares of Rs 10 each	1,500,000		1,500,000
- 22,000,000 (December 31, 2024: 22,000,000) 10% non-voting preference shares / convertible stock of Rs 190 each	4,180,000		4,180,000
	5,680,000		5,680,000
Issued, subscribed and paid up share capital
- 89,379,504 (December 31, 2024: 89,379,504) ordinary shares of Rs 10 each - 8,186,842 (December 31, 2024: 8,186,842) 10% non-voting preference shares /	893,795		893,795
convertible stock of Rs 190 each	606,222		606,222
Other reserves	47,935,416		51,407,032
Revenue reserve: Un-appropriated profits	2,375,030		2,311,494
Total equity	51,810,463		55,218,543
NON-CURRENT LIABILITIES
Long term finances from financial institutions	12,382,650		6,938,900
Long term advances	77,766		43,501
Deferred tax liabilities	1,954,362		-
Employee benefit obligations	1,309,828		1,227,074
Accumulating compensated absences	145,334		122,073
	15,869,940		8,331,548
CURRENT LIABILITIES
Current portion of non - current liabilities	1,712,500		1,312,500
Short term borrowings from financial institutions - secured	2,068,794		1,000,000
Trade and other payables	892,532		830,951
Unclaimed dividend	120,499		100,268
Accrued finance cost	422,598		345,428
	5,216,923		3,589,147
CONTINGENCIES AND COMMITMENTS
TOTAL EQUITY AND LIABILITIES	72,897,326		67,139,238

Annexure A2

PACKAGES LIMITED

Unconsolidated Condensed Interim Statement of Profit Or Loss (Un-audited)

For the three-month and six-month periods ended June 30, 2025

	Three-month period ended		Six-month period ended
	June 30,	June 30,	June 30,	June 30,
	2025	2024	2025	2024
	Un-audited	Un-audited	Un-audited	Un-audited
		(Rupees in thousand)
Dividend income	1,218,631	531,032	2,321,063	1,878,684
Rental income	185,224	159,121	370,296	314,129
Operating revenue	1,403,855	690,153	2,691,359	2,192,813
Administrative expenses	(338,176)	(323,280)	(621,702)	(588,424)
Net impairment gain on financial assets	-	99,418	558	99,421
Other expenses	(71)	(605)	(152)	(605)
Other income	115,331	51,251	169,453	107,189
Operating profit	1,180,939	516,937	2,239,516	1,810,394
Finance costs	(323,852)	(423,076)	(633,894)	(821,913)
Profit before levy and income tax	857,087	93,861	1,605,622	988,481
Levy	(16,463)	(13,626)	(16,463)	(18,287)
Profit before income tax	840,624	80,235	1,589,159	970,194
Income tax	(124,565)	(50,570)	(184,930)	(151,016)
Profit for the period	716,059	29,665	1,404,229	819,178
Earnings/(loss) per share in Rupees
- Basic	8.01	(0.38)	15.71	8.45
- Diluted	7.74	(0.38)	15.18	8.45

Annexure A3

PACKAGES LIMITED

Unconsolidated Condensed Interim Statement Of Comprehensive Income (Un-audited)

For the three-month and six-month periods ended June 30, 2025

Three-month period ended Six-month period ended

June 30,	June 30,	June 30,	June 30,
2025	2024	2025	2024
Un-audited	Un-audited	Un-audited	Un-audited

(Rupees in thousand)

Profit for the period 716,059 29,665 1,404,229 819,178

Other comprehensive loss for the period:

(3,827,683)

(3,471,616)

(1,626,633)

(3,181,669)

Items that may be reclassified subsequently to profit or loss:

Items that will not be subsequently reclassified to profit or loss:

- Change in fair value of investments held at fair value through other comprehensive income ('FVOCI') - net of tax effect

(3,181,669) (1,626,633) (3,471,616) (3,827,683)

Total comprehensive loss for the period (2,465,610) (1,596,968) (2,067,387) (3,008,505)

PACKAGES LIMITED

PACKAGES LIMITED Unconsolidated Condensed Interim Statement Of Changes In Equity (Un-audited)

For the six-month period ended June 30, 2025

Annexure A4

Issued, subscribed and paid

Reserves Total equity

up share capital

Capital reserves Revenue reserves

Balance as on January 01, 2024 (audited) Transaction with preference shareholders

Participating dividend on preference shares /convertible stock

Transactions with owners in their capacity as owners, recognised directly in equity

Final dividend for the year ended

December 31, 2023 of Rs 27.5 per ordinary share

Total comprehensive income/(loss) for the period ended June 30, 2024

Profit for the period

Other comprehensive loss for the period

Preference

Ordinary shares / Capital

share convertible Share FVOCI redemption General Un-appropriated

capital stock premium reserve reserve reserve profits Total (Rupees in thousand)

893,795	606,222	3,766,738	25,953,732	1,615,000	22,810,333	3,007,715	58,653,535
-	-	-	-	-	-	(63,749)	(63,749)
-	-	-	-	-	-	(2,457,937)	(2,457,937)

-(3,827,683)

819,178

(3,827,683)

- - - (3,827,683) - - 819,178 (3,008,505)

Balance as on June 30, 2024 (un-audited) 893,795 606,222 3,766,738 22,126,049 1,615,000 22,810,333 1,305,207 53,123,344

893,795	606,222	3,766,738	23,214,961	1,615,000	22,810,333	2,311,494	55,218,543
-	-	-	-	-	-	(1,340,693)	(1,340,693)

Balance as on January 01, 2025 (audited) Transactions with owners in their capacity as owners,

recognised directly in equity

Final dividend for the year ended

December 31, 2024 of Rs 15 per ordinary share

1,404,229

(3,471,616)

1,404,229

-(3,471,616)

Total comprehensive income/(loss) for the period ended June 30, 2025

Profit for the period

Other comprehensive loss for the period

- - - (3,471,616) - - 1,404,229 (2,067,387)

Balance as on June 30, 2025 (un-audited) 893,795 606,222 3,766,738 19,743,345 1,615,000 22,810,333 2,375,030 51,810,463

Annexure A5

PACKAGES LIMITED Unconsolidated Condensed Interim Statement of Cash Flows (Un-audited)

For the six-month period ended June 30, 2025

Six-month period ended June 30, June 30,

2025 2024

Un-audited Un-audited

Cash flows from operating activities

(Rupees in thousand)

Profit before levy and income tax

1,605,622

988,481

Adjustments for non-cash charges and other items:

- Depreciation on operating fixed assets

36,901

26,410

- Depreciation on investment properties

21,065

21,709

- Amortisation on intangible assets

155

- Provision for accumulating compensated absences

21,148

13,957

- Provision for retirement benefits

92,821

85,064

- Loss on sale of operating fixed assets

605

- Exchange gain

(9,029)

(17,980)

- Finance cost

633,894

821,913

- Net impairment gain on financial assets

(558)

(99,421)

- Liabilities no longer payable written back

(12,189)

(454)

- Provision for rent in respect of land leased from GoPb

93,000

75,000

- Profit on long term loans to subsidiary companies

(108,165)

(27,610)

- Dividend income classified as investing cash flows

(2,321,063)

(1,878,684)

Profit before working capital changes

53,673

9,145

Effect on cash flow due to working capital changes:

- (Increase)/decrease in loans, advances, deposits,

prepayments and other receivables

(21,335)

139,813

- Decrease in trade and other payables

(28,826)

(97,241)

(50,161)

42,572

Cash generated from operations

3,512

51,717

Finance cost paid

(556,724)

(863,424)

Income tax and levy paid

(284,869)

(216,161)

Long term security deposits - net

(1,111)

Payment for accumulating compensated absences

(2,944)

(758)

Employee benefit obligations paid

(10,067)

(8,067)

Dividends received

2,621,063

2,821,197

Long term advances - net

34,265

29,480

Net cash inflow from operating activities

1,804,236

1,812,873

Cash flows from investing activities

Payments for property, plant and equipment

(187,610)

(184,232)

Payments for investment properties

(61,772)

(432,132)

Long term loans to subsidiaries

(5,250,000)

Proceeds from disposal of property, plant and equipment

74,614

33,170

Net cash outflow from investing activities

(5,424,768)

(583,194)

Cash flows from financing activities

Proceeds from long term finances

6,300,000

Repayments of long term finances

(456,250)

(343,750)

Dividend paid

(1,320,462)

(2,501,271)

Net cash inflow/(outflow) from financing activities

4,523,288

(2,845,021)

Net increase/(decrease) in cash and cash equivalents

902,756

(1,615,342)

Cash and cash equivalents at the beginning of the period

(730,326)

517,387

Effect of exchange rate changes on cash and cash equivalents

Cash and cash equivalents at the end of the period

172,492

(1,097,920)

Annexure B1

PACKAGES LIMITED AND ITS SUBSIDIARIES Consolidated Condensed Interim Statement of Financial Position

As at June 30, 2025

June 30, December 31,

2025 2024

Un-audited Audited

ASSETS NON-CURRENT ASSETS	(Rupees i	n t	housand)
Property, plant and equipment	109,627,972		107,469,125
Right-of-use assets	1,786,175		1,836,684
Investment properties	13,317,660		13,221,984
Intangible assets	6,524,595		5,750,804
Investments accounted for using the equity method	5,636,481		6,155,613
Other long term investments	25,742,294		27,220,540
Long term security deposits	438,165		347,699
Long term loans	7,997		5,656
	163,081,339		162,008,105
CURRENT ASSETS
Stores and spares	7,950,211		5,311,642
Stock-in-trade	43,985,589		42,132,162
Short term investments	2,152,980		617,884
Trade debts	22,756,504		19,347,599
Loans, advances, deposits, prepayments and
other receivables	10,307,376		8,298,943
Income tax receivable	7,572,164		7,168,149
Cash and bank balances	6,837,868		3,784,458
	101,562,692		86,660,837
TOTAL ASSETS	264,644,031		248,668,942
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Authorized share capital
- 150,000,000 (December 31, 2024: 150,000,000) ordinary shares of Rs 10 each	1,500,000		1,500,000
- 22,000,000 (December 31, 2024: 22,000,000) 10% non-voting preference
shares / convertible stock of Rs 190 each	4,180,000		4,180,000
	5,680,000		5,680,000
Issued, subscribed and paid up share capital
- 89,379,504 (December 31, 2024: 89,379,504) ordinary shares of Rs 10 each	893,795		893,795
- 8,186,842 (December 31, 2024: 8,186,842) 10% non-voting preference shares /
convertible stock of Rs 190 each	606,222		606,222
Other reserves	51,281,642		55,305,019
Equity portion of loan from shareholder of the Parent Company	277,219		277,219
Revenue reserve: Un-appropriated profits	10,498,234		13,140,151
Attributable to owners of the Parent Company	63,557,112		70,222,406
Non-controlling interests	18,530,409		18,486,388
Total equity	82,087,521		88,708,794
NON-CURRENT LIABILITIES
Long term finances from financial institutions	61,178,109		60,240,619
Lease liabilities	1,716,501		1,403,824
Security deposits	512,291		479,423
Deferred income	236,456		295,441
Deferred government grant	871,222		1,040,158
Deferred taxation	8,513,217		6,004,843
Long term advances	408,135		336,247
Employee benefit obligations	2,910,846		2,659,867
Accumulating compensated absences	702,586		691,597
	77,049,363		73,152,019
CURRENT LIABILITIES
Current portion of non - current liabilities	11,632,487		9,318,037
Short term borrowings from financial institutions - secured	56,284,993		46,418,451
Trade and other payables	34,298,896		27,479,841
Unclaimed dividend	164,875		135,188
Unpaid dividend	2,477		3,911
Accrued finance cost	3,123,419		3,452,701
	105,507,147		86,808,129
CONTINGENCIES AND COMMITMENTS
TOTAL EQUITY AND LIABILITIES	264,644,031		248,668,942

Annexure B2

PACKAGES LIMITED AND ITS SUBSIDIARIES Consolidated Condensed Interim Statement of Profit or Loss (Un-audited)

For the three and six month periods ended June 30, 2025

Three-month period ended Six-month period ended

June 30, 2025 Un-audited		June 30, 2024 Un-audited	June 30, 2025 Un-audited	June 30, 2024 Un-audited
(Rupees in thousand)
Net revenue	47,418,762	43,129,338	97,163,373	88,463,658
Cost of sales and services	(37,472,638)	(34,077,667)	(77,014,238)	(69,735,691)
Gross profit	9,946,124	9,051,671	20,149,135	18,727,967
Administrative expenses	(1,703,906)	(1,224,167)	(3,430,105)	(3,176,800)
Distribution and marketing costs	(2,702,729)	(2,693,016)	(5,695,211)	(4,725,711)
Net impairment gain/(loss) on financials assets	41,429	(65,587)	(37,464)	(41,353)
Other expenses	(939,687)	(338,488)	(1,410,617)	(608,701)
Other income	396,930	377,256	631,497	1,415,135
Investment income Share of net profit of associates and joint venture	109,754	90,840	109,754	121,911
accounted for using equity method	96,878	108,652	190,675	174,381
Operating profit	5,244,793	5,307,161	10,507,664	11,886,829
Finance costs	(3,600,279)	(4,597,379)	(7,252,053)	(9,104,839)
Profit before levy and income tax	1,644,514	709,782	3,255,611	2,781,990
Levy	(183,274)	(615,228)	(526,076)	(795,652)
Profit before income tax	1,461,240	94,554	2,729,535	1,986,338
Income tax	(1,985,917)	482,853	(3,066,338)	(783,888)
(Loss)/profit for the period	(524,677)	577,407	(336,803)	1,202,450
(Loss)/profit attributable to:
Equity holders of the Parent Company	(998,491)	127,906	(1,301,224)	409,266
Non-controlling interests	473,814	449,501	964,421	793,184
	(524,677)	577,407	(336,803)	1,202,450
(Loss)/earnings per share attributable to equity holders
of the Parent Company during the period
- Basic (loss)/earnings per share	(11.17)	0.72	(14.56)	3.87
- Diluted (loss)/earnings per share	(11.17)	0.72	(14.56)	3.87

Annexure B3

PACKAGES LIMITED AND ITS SUBSIDIARIES Consolidated Condensed Interim Statement Of Comprehensive Income (Un-audited)

For the three and six month periods ended June 30, 2025

Six-month period ended Six-month period ended

June 30,	June 30,	June 30,	June 30,
2025	2024	2025	2024
Un-audited	Un-audited	Un-audited	Un-audited

(Rupees in thousand)

(Loss)/profit for the period (524,677) 577,407 (336,803) 1,202,450

Other comprehensive (loss) / income for the period

Items that will not be subsequently reclassified to profit or loss:

(3,827,683)

(3,471,616)

(1,626,633)

(3,181,670)

Change in fair value of investments at fair value through other comprehensive income ('FVOCI') - net of tax effect

Items that may be reclassified subsequently to profit or loss:

Net exchange differences on translation of foreign operations Share of other comprehensive loss of associates and joint

venture accounted for using the equity method - net of tax

(3,181,670) (1,626,633) (3,471,616) (3,827,683)

4,164	(20,694)	(4,976)	74,044

(489,719)	(107,987)	(549,674)	(427,490)

(485,555) (128,681) (554,650) (353,446)

Other comprehensive loss for the period (3,667,225) (1,755,314) (4,026,266) (4,181,129)

Total comprehensive loss for the period (4,191,902) (1,177,907) (4,363,069) (2,978,679)

Total comprehensive (loss) / income attributable to:

Equity holders of the Parent Company (4,665,277) (1,623,075) (5,324,601) (3,788,843)

Non-controlling interests 473,375 445,168 961,532 810,164

(4,191,902) (1,177,907) (4,363,069) (2,978,679)

Annexure B4

PACKAGES LIMITED AND ITS SUBSIDIARIES

Consolidated Condensed Interim Statement Of Changes In Equity (Un-audited)

For the six month period ended June 30, 2025

Attributable to equity holders of the Parent Company

Issued, subscribed and

Reserves

Capital and

paid up share capital

reserves

Capital reserves Revenue reserves

		Exchange		Other
Preference		differences		reserves		Equity portion
shares /		on		relating to	Transaction	of loan from
Ordinary convertible		translation		associates	with non-	shareholder of Capital		Un-	Non-
share stock	Share	of foreign	FVOCI	and joint	controlling	the Parent redemption	General	appropriated	controlling Total

capital reserve premium operations reserve ventures interests Company reserve reserve profits Total interests equity (Rupees in thousand)

Balance as on January 1, 2024 (audited)	893,795	606,222	3,766,738	185,677	25,953,731	3,591,121	80,653	277,219	1,615,000	22,810,333	18,679,148	78,459,637	17,928,035	96,387,672
Transactions with preference shareholders
Participating dividend on preference shares /
convertible stock	-	-	-	-	-	-	-	-	-	-	(63,749)	(63,749)	-	(63,749)
Transactions with owners recognized directly
in equity
Final dividend for the year ended December 31, 2023
of Rs. 27.5 per share Final dividend for the year ended December 31, 2023	-	-	-	-	-	-	-	-	-	-	(2,457,937)	(2,457,937)	-	(2,457,937)
paid to non-controlling interests	-	-	-	-	-	-	-	-	-	-	-	-	(612,555)	(612,555)

- - - - - - - - - - (2,457,937) (2,457,937) (612,555) (3,070,492)

Total comprehensive income / (loss) for the period ended June 30, 2024

Profit for the period	-	-	-	-	-	-	-	-	-	-	409,266	409,266	793,184	1,202,450
Other comprehensive income / (loss) for the period	-	-	-	57,064	(3,827,683)	(427,490)	-	-	-	-	-	(4,198,109)	16,980	(4,181,129)
	-	-	-	57,064	(3,827,683)	(427,490)	-	-	-	-	409,266	(3,788,843)	810,164	(2,978,679)

Balance as on June 30, 2024 (un-audited) 893,795 606,222 3,766,738 242,741 22,126,048 3,163,631 80,653 277,219 1,615,000 22,810,333 16,566,728 72,149,108 18,125,644 90,274,752

Balance as on January 1, 2025 (audited) 893,795 606,222 3,766,738 309,043 23,214,960 3,508,292 80,653 277,219 1,615,000 22,810,333 13,140,151 70,222,406 18,486,388 88,708,794

Transactions with owners recognized directly in equity

Final dividend for the year ended December 31, 2024 of Rs. 15 per share

Final dividend for the year ended December 31, 2024 paid to non-controlling interests

Total comprehensive (loss) / income for the period ended June 30, 2025

(Loss) / profit for the period

Other comprehensive loss for the period

(1,340,693)

-(917,511)

(1,340,693)

(917,511)

- - - - - - - - - - (1,340,693) (1,340,693) (917,511) (2,258,204)

-(2,087)

-(3,471,616)

-(549,674)

(1,301,224)

(4,023,377)

964,421

(2,889)

(336,803)

(4,026,266)

- - - (2,087) (3,471,616) (549,674) - - - - (1,301,224) (5,324,601) 961,532 (4,363,069)

Balance as on June 30, 2025 (un-audited) 893,795 606,222 3,766,738 306,956 19,743,344 2,958,618 80,653 277,219 1,615,000 22,810,333 10,498,234 63,557,112 18,530,409 82,087,521

PACKAGES LIMITED

Annexure B5

PACKAGES LIMITED AND ITS SUBSIDIARIES Consolidated Condensed Interim Statement of Cash Flows (Un-audited)

For the six month period ended June 30, 2025

Six-month period ended June 30, June 30,

2025 2024

Un-audited Un-audited

(Rupees in thousand)

Cash flows from operating activities
Profit before levy and income tax from:	3,255,611	2,781,990
Adjustments for non-cash items:
- Depreciation on operating fixed assets	3,767,758	3,382,534
- Depreciation on right-of-use assets	78,308	26,791
- Depreciation on investment properties	326,936	307,018
- Amortization on intangible assets	30,361	31,813
- Provision for accumulating compensated absences	105,445	72,968
- Provision for employee benefit obligations	354,900	314,932
- Provision for obsolete / slow-moving stores and spares	(61)	(932)
- Provision for NRV write-down of stock-in-trade	177,816	332,945
- Amortization of deferred income	(53,959)	(34,721)
- Profit on disposal of operating fixed assets	7,929	(24,751)
- Finance costs	7,252,053	9,104,839
- Amortization of deferred government grant	(258,900)	86,249
- Impairment reversal on financial assets	37,464	41,353
- Liabilities no longer payable written-back	(90,292)	(55,633)
- Provision for rent in respect of land leased from GoPb	93,000	75,000
- Exchange adjustments - net	494,583	177,156
- Share of profit of investments accounted for under equity method - net of tax	(190,675)	(174,381)
- Dividend income	(109,754)	(121,911)
Profit before working capital changes	15,278,523	16,323,259
Effect on cash flow due to working capital changes:
- Increase in trade debts	(3,446,831)	(6,364,273)
- (Increase)/decrease in stores and spares	(2,638,508)	262,022
- (Increase)/decrease in stock-in-trade	(2,031,243)	5,945,812
- Increase in loans, advances, deposits, prepayments
and other receivables	(2,008,433)	(149,924)
- Increase in trade and other payables	6,404,906	4,085,242
	(3,720,109)	3,778,879
Cash generated from operations	11,558,414	20,102,138
Finance cost paid	(7,527,247)	(8,905,028)
Income tax and levy paid	(3,481,426)	(2,826,166)
Long term security deposits - net	51,466	89,748
Long term loans and deposits - net	(92,807)	(41,347)
Payments for accumulating compensated absences	(94,456)	(76,475)
Long term advances - net	64,965	29,851
Employee benefit obligations paid	(103,921)	(73,834)
Net cash inflow from operating activities	374,988	8,298,887
Cash flows from investing activities
Fixed capital expenditure	(7,838,890)	(13,908,443)
Insurance claim received	-	771,465
Proceeds from disposal of property, plant and equipment	644,804	256,282
Dividends received	269,886	207,043
Net cash outflow from investing activities	(6,924,200)	(12,673,653)
Cash flows from financing activities
Proceeds from long term finances	7,307,608	4,580,333
Repayment of long term finances	(3,772,856)	(3,220,413)
Payment of lease liabilities	(49,776)	22,035
Participating dividend on preference shares	-	(63,749)
Dividend paid to equity holders of the Parent Company	(1,320,462)	(2,434,963)
Dividend paid to non-controlling interests	(909,489)	(836,826)
Net cash inflow/(outflow) from financing activities	1,255,025	(1,953,583)
Net decrease in cash and cash equivalents	(5,294,187)	(6,328,349)
Cash and cash equivalents at the beginning of the period	(42,016,109)	(35,662,918)
Cash and cash equivalents at the end of the period	(47,310,296)	(41,991,267)

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Packages: True Copy of Resolution(s) Passed and Adopted at the Annual General MeetingApr 30, 2025

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