The General Manager
Pakistan Stock Exchange Limited Stoclc Exchange Building
Stock Exchange Road
Karachi.
Subject: Financial Results for the Year Ended June 30, 2025
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on 25 September 2025 at 15:30, at Company's Registered Office recommended the following:
CASH DIVIDEND
A final Cash Dividend for the year ended at Rs. NIL per share i.e. 0%,
This is in addition to the Interim Cash Dividend(s) already paid at Rs. 3.95/- per share i.e. 39. 0 .
AND/OR
BONUS SHARES
It has been recommended by the Board of Directors to issue NIL Bonus Shares in the proportion ofNIL share(s) for every share(s) held i.e. NIL%.
AND/OR
RIGHT SHARES
The Board has recommended to issue NIL% Right Shares at par/at a discount/premium of Rs. NIL per share inproportion of share(s) for every share(s).
AND/OR
ANY OTHER ENTITLEMENT/CORPORATE ACTION: N/A AND/OR
ANY OTHER PRICE-SENSITIVE INFORMATION: N/A
The financial results of the Company for the year ended June 30, 2025 are attached.
the Share Transfer Books of the Company will be closed from 18 October 2025 to 24 October 2025 (both days inclusive). Transfers received at our Registrar, Messers THIS Associates (Pvt.) Limited, Plot No. C-32, Jami Commercial Street 2, Dl-IA, Phase VII, I€arachi at the close of business on 17 October 2025 will be treated in time for the purpose of above entitlement to the transferees.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Yours Si erely,
Compa
CC:
Director/HOD
Surveillance, Supervision and Enforcement Department Securities & Exchange Commission of Paliistan Government of Pakistan
NIC Building
Jinnah Avenue, Blue Area Islamabad
PAK-GULF LEASING COMP.ANY LIMITED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 INCOME
Income from financing operations Income from other activities
Return on investments Other income
2025 2024
Note ------------Rupees-----------------
25 145,222,153 218,733,152
55,850,831 | 43,6 7,655 |
21,391,288 | 18,954,756 |
26
?7
EXPENSESAdministrative and operating expenses Finance cost
Operating profit laefore provisions
' (Provision) / Reversal against lease receivables held under litigation Reversal / (Provision) for insurance premium and other receivables Reversal / (Provision) for diminishing musharaka receivable Reversal / (Provision) for potential lease and loan losses
Profit before tax Taxation
Net profit for the year
Earnings per e - basic and diluted
The a d n s from I to 44 form an integral part of these financial statements.
28
29
12.4
I 2.3. 1
9.3 & 10.2
30
31
77,242,119 62,622,411
222,464,272 281,355,563
(58,402,622) | (57,648,813) |
(39,372,362) | (77,541,090) |
(97,774,984) (135,189,903) 124,659,288 146,165,660
(28,563,650) (793,763)
(454,250)
2,000,000
6,880,599 (1,969,975)
105,006,23 7 142,947,672
(31,40 1,927) (64,149,146)
73,604,3 10 78,798,526
CHIEF E C TIVE O FICER. DIRECTOR
CITIEF FIN OFFICER
PAK-GULF LEASING COMPANY LIMITED STATEMENT OF COh4PREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
Note -----------Rupees-----------
Net profit for the year
Other comprehensive income for the year
73,604,310
78,798,526
Items that may not be reclassified to statement of profit or loss in subsequent periods:
- Gain on revaluation of FVOCI investments
11 2,411,863 2,024,304
Total compreh ive income for the year
76 016 173
,.8..0...'8...22'.,8. 30 .
The a ed no from 1 to 44 form an integral part of these financial statements.
CHIEF E C TIVE OF I CER DIRECTOR CHIEF FIN IAL OFFICER
PAK-GULF LEASING COMPANY LIMITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
ASSETS
NON-CURRENT ASSETS
Property and equipment Right-of-use assets Investment property Intangible assets
Net investment in finance lease Lonp•-term loans
Long-term security deposits
Note
5
6
7
8
9
10
2025 2024
--------------Rupees--------------
TOTAL NON-CURRENT ASSETS CURRENT ASSETS
Current portion of net investment in finance lease Current portion of long-term loans
Short term investments Advance to employees Prepayments
' Taxation - net Other receivables
Cash and baulk balances
773,787,221
3,487,102 | 7,298,508 |
12,406,3 38 | 17,160,784 |
175,032,000 | 169,884,000 |
251,125 | 324,625 |
535,024,220 | 773,3 89,54 l |
47,467,93 6 | 21,025,5 72 |
I I 8,500 | 118,500 |
203,55 8,098 | 408,293,63 1 |
19,628,185 | 52,100,860 |
49,3 11,562 | 40,549,837 |
37,934 | 4,940 |
582,795 | 467,4 19 |
I 6,091,65 2 | |
102,223,317 | 105,044,504 |
281,105,376 | 354,85 6,48 7 |
9
10
11
12
989,20 1,530
TOTAL CURRENT ASSETS TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share capital Reserves
672,538,919 96 1,317,678
1,446,326, 140 1,950,519,20 8
494,7 1 1, 1 00
?96,250,700
494,711,100
415,645,4 12
14
15
TOTAL EQUITY
NON-CURREN"f LIABILITIES
Long-term deposits Long-term loan Lease liabilities
Certificates of investment Deferred taxation
TOT.4L NON-CURRENT LLWILITIES CURRENT LIABILITIES
Trade and other payables Unclaimed dividend Taxation - net
Accrued mark-up
Current portion of long-term deposits Current portion of long-term loan Current portion of lease liabilities
. Current portion of certificates of investment
790,961,800
273,764,947 | 342,798,193 |
4,166,668 | |
7,03 J,5 17 | 8,662, 199 |
7,000,000 | 225,4 75,007 |
I 23,6 11,930 | 121,024,669 |
16
17
18
19
20
4 11,412,394
34,950,66 8
23 50,539,25-I
16 45,297,982
1 7 4, I 66,666
18 5,04 1,3 18
19 99,20 8.3 82
910,356,512
702,126,73 6
55, 12 1 ,?76
3,235,05 7
37,977, 148
60,539,007
139,9 12,877
33,3 33,332
6,3 15, 124
1,602.13 9
TOT ML CURRENT LL4BILITIES TOT.W LIABILITIES
TOT.W EQUITY' .AND LI.XBIL ITIES
CONTI EN ES .AND CO4ISIITIYIENTS
T ed tes from 1 to 44 form an integral part of these financial statements.
CHIEF E UTIVE O I CER DIRECTOR
243,9 o 1,9-t6 33g,03:,96O
CIAL OFFICER
l.040|62,696
CHIEF F
re i‹-cuLr LEASINC• CCth'1I*AN3' 1.1 fiI I L D STATEâ4 ENT OF CHANG ES IN E(J UI'I"h'
Reserves | |||||||
Capital | Revenue | ||||||
Share capital | Shatutor y reserve | Surplus on revaluation of property and etjuipment | Surplus on revaluation of FVOCI investments | Unappropriated profit | 'r»tal reserves | Total equity | |
(note 15.2) | |||||||
roe THE YEAR ENDK D JUN1' 3o, 21123
Balance at I uly 0.1, 2023 Net proiit for the year
Other comprehensive incoiiie
Total comprehensive incoiiie for the yein
49^,,71 1, i00 I 53,725,579
90,504,204
I ,554,609
2,024,304
2,024,304
89,03 S, 1.90 33^., S22,582 52.9,533,652
75,798,5.26 78,795,526 7.5,795,526
- 2.024,304 2,024,304
75,798,526 S0,8?2,830 fi0,822,830
73,604,3 10 | 73,604,310 | 73,604,3 10 | ||||
2.41 I ,563 1 | 2,4 1 I ,563 | 2,4 11,563 | ||||
2,4 11, fi63 .,720,562 | 73,604,3.10 (14,720, 8ñ2) | 76,0 16,173 | 76,0 16, 173 | |||
(108,S? 6,442) (56,574,44 3) | (I 08,836,4^.2) (S6,574,4°.3) | ( 1.05,636,442) (S6,57^.,443) | ||||
494,7 11, 100 | 184,206,146 | 90,504,204 | 5,990,776 | 15,549,574 | 296,25 , 00 | 790,96 1,S 00 |
Transfer to statutory reserve
15,75 9,705 (1 5,759,705) -
Balance as at June 30, 2024
Net profit for the year
Other comprehensive income
Total comprehensive income for the ye•ii Transtñr to statutory reserve
first interifrl tlividend for the ) ear ending I une 3ti, 2fJ25 @ he. 2.2/ per share
Second interim dividend for the year endink; I ij jje 30, 2fi25 @ As. 1.75/ per share Balance as at 1 30, 2025
The anne ed note Tom I [a 44 I ›i m ai inits i I |›ai r c I" these finansial sfatcmcnrsta
494,7 11, 100 1.69,455,284
90,504,204
3,578,913
152,077,0.11 4.15,645,412 910,356,5 12
PAK-GULF LEASING COL4PANY LIMITED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED JUNE 30, 2025 CASH FLOWS FROM OPERATING ACTIVITIES
Note
2025 2024
----------Rupees-----------
Profit before taxation Adjustment for: | 105,006,23 7 | 142,947,672 | ||
Depreciation and amortisation | 28 | |||
Finance cost | 29 | |||
(Reversal) / provision for potential lease and loan losses | 9.3 & 10.2 | |||
Unrealised gain on revaluation of investment property | 27 | |||
, Provision for lease receivables held under litigation . | 12.4 | |||
(Reversal) for diminishing musharaka receivable | ||||
Provision for insurance premium and other receivables Gain on disposal of fixed assets | ||||
Operating profit before working capital changes (Increase) / decrease in current assets
Advance to employees Other receivables Prepayments
Decrease in current liabilities Trade and other payables
Cash generated from operations Finance cost paid
Tax paid - net
Long-term deposits- net , Long-term loans - net
Net investmerit in finance lease
Net cash generated from operating activities
_ 60,74d,680 81 ,T 94,3 I l
5,901,383 | 5,583,233 |
39,372,362 | 77,541,090 |
(6,880,599) | 1,969,975 |
(5,148,000) | (5,148,000) |
28,563,650 | 793, 763 |
(2,000,000) | |
454,250 | |
93T,884 |
l dJ,7S2,9J 7 224,14l,983
(32,995) | 91,988 |
(41,493,738) | (90,387,377) |
fll5,376) | 18,251 |
(41,642,109) (90,277,138)
(20,170,608) (26,297,470) 103,940,200 107,567,375
(46,083,864) | (34,804,482) |
(82,883,465) | (56,917,345) |
(163,648,141) | (325,514,754) |
7,744,729 | 58,218,313 |
464,142,542 | 769,057,502 |
I 79,271,801 4 10,039,234
253,212,001 517,606,609
CASH FLOWS FROM TESTING .ACTIVITIESAdditions in property and equipment Additions in Intangible assets
' Proceeds from disposal of fixed assets Investments (made) / redeemed during the year
Net cash (used in) / generated from investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Paid against certi2icates of investment Dividend paid
Lease payments
Payment of ton*-term loan installments
(369,025) | (5,597,913) |
(367,500) | |
4,044,878 | |
(6,349,8fi2) | l7,049,J64 |
8
(2,674,009)
18
11,084,15 l
Net cash used in t1nancing• activities Net (decrease) / increase in cash and cash equivalents
Cash and cash eo,uivalents at the beginning of the year
Cash and cash e uivalents at the end of the year
The a exed notes om 1 to 44 form an integral part of these financial statements.
CHIEF E UT FFICER DIREC'fOR
o2
CHIEF FIN OFFICER