CS/PPP/4th BOD/PSX/2024-25
12thSept, 2025
THE GENERAL MANAGER PUCARS / FORM - 3
PAKISTAN STOCK EXCHANGE SECP Through TCS
STOCK EXCHANGE BUILDING STOCK EXCHANGE ROAD- KARACHI.
SUB: FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2025
Dear Sir/Ma'am,
We are pleased to inform you that the Board of Directors of our Company in their meeting held on Friday 12th
Sept, 2025 at 11:00 am recommend the following:
- Cash Dividend 50%
- Bonus Shares Nil
- Right Shares Nil
- Any Other Entitlement / Corporate Action Nil
- Any Other Price Sensitive Information Nil
The Annual General Meeting of the Company will be held on Thursday, October 09th, 2025 at 10:30 a.m. at the Registered Office of the Company at D/58 Estate Avenue, SITE. Karachi.
The Share Transfer Books of the Company will be closed (three working days) from 07-10-2025 to09-10-2025 (both days inclusive).
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on 06thOct-2025.
The Financial Results of The Company for the year ended 30 June 2025 of the Company is attached as (Annexure- A)
Moreover, as per PSX Notice No. PSX/N-4952 we will transmit Audited Accounts for the year ended 30 June 2025 within the stipulated time to PSX electronically through PUCARS.
Also, as per PSX Notice No. PSX/N-5036, requirement of section 223(7) of the Companies Act 2017, the hard copies of the said Financial Statements will be submitted to the "Commission" SECP.
Moreover, Accounts shall also be available and upload on PPP website viz: https://www.pakpaper.com in due course of time.
Yours Sincerely,
DAWOOD AHMED MAPARA COMPANY SECRETARY
CC to:
Executive Director (Enforcement), Securities & Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Blue Area, Islamabad Fax: No. 051-9206015
ANNEXURE-AThe financial results of the Company are as follow:
PAKISTAN PAPER PRODUCTS LIMITED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2025
ASSETS
Notes 2025 2024 --------------- (Rupees) --------------- NON-CURRENT ASSETSProperty, plant and equipment | 4 | 1,371,735,655 | 1,313,671,838 | |
Intangible assets | 5 | -- | 94,165 | |
Long term deposits | 1,989,572 | 1,675,258 | ||
CURRENT ASSETS | 1,373,725,227 | 1,315,441,261 | ||
Stores and spares | 9,046,509 | 10,037,039 | ||
Stock-in-trade | 6 | 387,930,940 | 355,983,019 | |
Trade debts - Unsecured, considered good | 7 | 304,203,342 | 346,734,816 | |
Advances and other receivables | 8 | 156,126,150 | 105,612,399 | |
Deposits, advances and short term prepayments | 9 | 7,858,586 | 393,030 | |
Cash and bank balances | 10 | 5,613,309 | 7,125,720 | |
870,778,836 | 825,886,023 | |||
2,244,504,063 | 2,141,327,284 | |||
EQUITY AND LIABILITIES | ||||
SHARE CAPITAL AND RESERVES |
Authorised share capital
15,000,000 (2024: 15,000,000) Ordinary shares of Rs. 10/- each 150,000,000 150,000,000
Issued, subscribed and paid-up share capital | 11 | 80,000,000 | 80,000,000 | |
Revenue reserves Capital reserve | 717,894,048 | 621,942,028 | ||
Surplus on revaluation of property, plant and equipment 12 | 952,855,207 | 959,399,936 | ||
1,750,749,255 | 1,661,341,964 | |||
NON-CURRENT LIABILITIES | ||||
Deferred tax liability - Net | 13 | 57,469,486 | 55,141,541 | |
Deferred liability for staff gratuity | 14 | 23,593,266 | 19,928,330 | |
Long term loans - Secured | 15 | 72,145,535 | 62,852,231 | |
Liabilities against assets subject to musharakah financing | 16 | -- | 2,878,685 | |
Deferred grant | 17 | 2,163,455 | 3,189,610 | |
155,371,742 | 143,990,397 | |||
CURRENT LIABILITIES | ||||
Current portion shown under current liabilities | 18 | 38,889,624 | 26,560,800 | |
Current portion of deferred government grant | 19 | 1,026,155 | 1,148,559 | |
Short term borrowings - Secured | 20 | 85,742,481 | 137,799,954 | |
Creditors, accrued and other liabilities | 21 | 200,078,000 | 130,639,788 | |
Unclaimed dividend | 12,646,806 | 12,285,638 | ||
Provision for taxation - Net | -- | 27,560,184 | ||
CONTINGENCIES AND COMMITMENTS | 22 | 338,383,066 -- | 335,994,923 -- | |
2,244,504,063 | 2,141,327,284 | |||
The annexed notes form an integral part of these financial statements. | ||||
_______________________
Abbas Sayeed Muhammad Yusuf Chairman Chief Financial Officer Abid Sayeed Chief Executive PAKISTAN PAPER PRODUCTS LIMITED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 30 JUNE 2025 Notes 2025 2024 --------------- (Rupees) ---------------Sales - Net | 23 | 1,733,597,216 | 1,927,281,032 | |
Cost of sales | 24 | (1,434,637,714) | (1,536,015,693) | |
Gross profit | 298,959,502 | 391,265,339 | ||
Administrative expenses | 25 | (60,125,142) | (54,350,312) | |
Selling and distribution expenses | 26 | (24,506,315) | (21,265,076) | |
Other operating expenses | 27 | (16,522,878) | (26,293,846) | |
(101,154,335) | (101,909,234) | |||
Operating profit | 197,805,167 | 289,356,105 | ||
Other income | 28 | 2,112,547 | 1,599,168 | |
Finance cost | 29 | (38,455,185) | (59,853,945) | |
Profit before levies and income tax | 161,462,529 | 231,101,328 | ||
Levies | -- | -- | ||
Profit before income tax | 161,462,529 | 231,101,328 | ||
Income tax expense | 30 | (39,040,987) | (75,190,499) | |
Profit for the year | 122,421,542 | 155,910,829 | ||
Earnings per share - Basic and diluted | 31 | 15.30 | 19.49 | |
The annexed notes form an integral part of these financial statements. |
Abbas Sayeed | Muhammad Yusuf | Abid Sayeed | ||
Chairman | Chief Financial Officer | Chief Executive |
PAKISTAN PAPER PRODUCTS LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
Issued, subscribed and paid-up share capital | Revenue reserves | Surplus on revaluation of property, plant and equipment | Total equity | ||
General reserves | Unappropriated profit | Total revenue reserves | |||
----------------------------------------------------- (Rupees) -----------------------------------------------------
Balance as on 1 July 2023 | 80,000,000 | 143,900,000 | 378,732,946 | 522,632,946 | 504,841,334 | 1,107,474,280 |
Profit for the year ended 30 June 2024 | -- | -- | 155,910,829 | 155,910,829 | -- | 155,910,829 |
Other comprehensive loss | -- | -- | 460,546 | 460,546 | 457,496,309 | 457,956,855 |
Total comprehensive income for the year | -- | -- | 156,371,375 | 156,371,375 | 457,496,309 | 613,867,684 |
Surplus on revaluation realized on disposal of fixed assets - Net of tax -- | -- | 21,047 | 21,047 | (21,047) | -- | |
of incremental depreciation - Net of tax -- | -- | 2,916,660 | 2,916,660 | (2,916,660) | -- | |
Transactions with owners: Final cash dividend @ 40% related to the year ended 30 June 2023 | -- | -- | (32,000,000) | (32,000,000) | -- | (32,000,000) |
Interim cash dividend @ 35% related to the period ended 31 December 2023 | -- | -- | (28,000,000) | (28,000,000) | -- | (28,000,000) |
Balance as at 30 June 2024 | 80,000,000 | 143,900,000 | 478,042,028 | 621,942,028 | 959,399,936 | 1,661,341,964 |
Profit for the year ended 30 June 2025 | -- | -- | 122,421,542 | 122,421,542 | -- | 122,421,542 |
Other comprehensive income | -- | -- | (1,014,251) | (1,014,251) | -- | (1,014,251) |
Total comprehensive income for the year | -- | -- | 121,407,291 | 121,407,291 | -- | 121,407,291 |
Surplus on revaluation realized on disposal of fixed assets - Net of tax -- | -- | 1,328,415 | 1,328,415 | (1,328,415) | -- | |
of incremental depreciation - Net of tax -- | -- | 5,216,314 | 5,216,314 | (5,216,314) | -- | |
Transactions with owners: | ||||||
Final cash dividend @ 40% related to the year ended 30 June 2024 | -- | -- | (32,000,000) | (32,000,000) | -- | (32,000,000) |
Balance as at 30 June 2025 | 80,000,000 | 143,900,000 | 573,994,048 | 717,894,048 | 952,855,207 | 1,750,749,255 |
The annexed notes form an integral part of these financial statements. | ||||||
Transfer to unappropriated profit on account
Transfer to unappropriated profit on account
Abbas Sayeed | Muhammad Yusuf | Abid Sayeed | ||
Chairman | Chief Financial Officer | Chief Executive |
Cash generated from operations | 32 | 348,221,988 | 311,567,099 | |
Payments for: Income taxes net of refund received | (114,306,468) | (46,886,788) | ||
Sindh Workers' Welfare Fund | (5,182,779) | (2,996,893) | ||
Sindh Workers' Profit Participation Fund | 21.4 | (12,436,006) | (7,137,586) | |
Gratuity | 14.1 | (2,146,779) | (2,352,434) | |
Finance cost | (42,158,658) | (56,737,540) | ||
Net cash inflows from operating activities | 171,991,298 | 195,455,858 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Addition to property plant and equipment | 4 | (111,942,690) | (29,030,575) | |
Sale proceeds against disposal of fixed assets | 3,706,157 | 1,317,260 | ||
Net cash outflows from investing activities | (108,236,533) | (27,713,315) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Long term deposits | (314,314) | (450,000) | ||
Long-term finances obtained | 51,758,100 | -- | ||
Repayment of long-term finances | (33,014,657) | (26,802,115) | ||
Dividend paid | (31,638,832) | (57,721,531) | ||
Net cash outflows from financing activities | (13,209,703) | (84,973,646) | ||
Net increase in cash and cash equivalents | 50,545,062 | 82,768,897 | ||
Cash and cash equivalents at the beginning of the year | (130,674,234) | (213,443,131) | ||
Cash and cash equivalents at the end of the year | (80,129,172) | (130,674,234) | ||
The annexed notes form an integral part of these financial statements. |
Abbas Sayeed | Muhammad Yusuf | Abid Sayeed | ||
Chairman | Chief Financial Officer | Chief Executive |