CONTENTS
Company Information 02
Directors' Review 03
Condensed Interim Statement of Financial Position 07
Condensed Interim Statement of Profit or Loss and 09
Other Comprehensive Income
Condensed Interim Statement of Cash Flows 10
Condensed Interim Statement of Changes in Equity 12
Notes to the Condensed Interim Financial Statements 13
1
NAGINA
PROSPERITY WEAVING MILLS LTD.
NAGINA GROUP
COMPANY INFORMATION
BOARD OF DIRECTORS Mr. Shahzada Ellahi Shaikh Ms. Parveen Akhter Malik Mr. Aneeq Khawar
Mr. Javaid Bashir Sheikh Mr. Shaukat Ellahi Shaikh Mr. Shafqat Ellahi Shaikh Mr. Amin Ellahi Shaikh
Mr. Haroon Shahzada Ellahi Shaikh Mr. Raza Ellahi Shaikh
Non-Executive Director / Chairman Independent Non-Executive Director Independent Non-Executive Director Non-Executive Director
Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Executive Director
MANAGING DIRECTOR (Chief Executive) Mr. Raza Ellahi Shaikh
AUDIT COMMITTEE Ms. Parveen Akhter Malik Mr. Amin Ellahi Shaikh
Mr. Haroon Shahzada Ellahi Shaikh Mr. Syed Mohsin Gilani
Chairperson Member Member
Secretary
HUMAN RESOURCE & REMUNERATION (HR & R) COMMITTEE
Ms. Parveen Akhter Malik Mr. Raza Ellahi Shaikh
Mr. Amin Ellahi Shaikh Mr. Muhammad Azam
Chairperson Member Member
Secretary
EXECUTIVE COMMITTEE Mr. Raza Ellahi Shaikh
Mr. Shahzada Ellahi Shaikh Mr. Amin Ellahi Shaikh
Mr. Haroon Shahzada Ellahi Shaikh Mr. Muhammad Azam
CORPORATE SECRETARY Mr. Syed Mohsin Gilani
CHIEF FINANCIAL OFFICER (CFO) Mr. Muhammad Tariq Sheikh
HEAD OF INTERNAL AUDIT Mr. Farjad Ashfaq
Chairman Member Member Member Secretary
AUDITORS
CORPORATE ADVISORS LEAD BANKERS
Messrs Yousuf Adil. Chartered Accountants
Bandial & Associates Allied Bank Ltd.
Askari Bank Ltd.
Bank Alfalah Ltd.
Habib Bank Ltd.
Meezan Bank Ltd.
MCB Bank Ltd.
National Bank of Pakistan Soneri Bank Limited United Bank Ltd.
REGISTERED OFFICE Nagina House,
91-B-1,M.M. Alam Road, Gulberg-III, Lahore-54660
REGIONAL OFFICE
WEB REFERENCE SHARES REGISTRAR
MILLS
2nd Floor, Shaikh Sultan Trust Bldg. No. 2, 26-Civil Lines,
Beaumont Road, Karachi - 75530 https://www.nagina.com
M/s Hameed Majeed Associates (Pvt.) Ltd. 1stFloor, H.M. House 7-Bank Square, Lahore Phone # 042-37235081-2
Fax # 042-37358817
13.5 K.M
Sheikhupura Sharaqpur Road, Sheikhupura
2
DIRECTORS' REVIEW
The Directors are pleased to present the un-audited condensed interim financial statements of the Company for the 1st quarter ended on September 30, 2025. The comparative figures for the corresponding quarter ended on September 30, 2024 are included for comparison, except in statement of financial position where comparative figures are for the year ended on June 30, 2025.
Company Performance
Despite the turbulent business environment, the Company has managed to remain profitable. The company earned an after-tax profit of Rs. 46,182,903 compared to Rs. 20,233,839 during the same period of last year (SPLY). Earning per share (EPS) for the quarter is Rs.2.50 compared to Rs. 1.09 for the SPLY.
Sales revenue for the quarter under review decreased by 8.46%, amounting to Rs. 4,681,614,220 as compared to Rs. 5,114,239,197 in the SPLY. The decline in revenue was mainly attributable to a lower average selling price of the fabric. Cost of sales declined slightly to 93.24% of sales, compared to 93.39% in the SPLY, primarily due to reduced raw material consumption. This improvement in cost efficiency resulted in an increase in the gross profit margin to 6.76% of sales, up from 6.61% in the SPLY.
Overall operating expenses also decreased to 3.01% of sales during the quarter under review compared to 3.34% of sales during SPLY. The company effectively maintained stable cash flows, ensuring the timely settlement of operating liabilities. Supported by improved cash flows, scheduled repayments of long-term loans, and a reduction in the policy rate, finance costs fell to 0.95% of sales compared to 1.68% in SPLY.
Future Outlook
The textile industry, and the weaving sector in particular, is going through severe challenges. Market demand is weak and buyers are shying away for new orders. Cheap fabric imports is damaging the ability of the Pakistani weaving industry to obtain profitable sales. The trade disruptions due to USA tariffs are causing countries like India to dump fabrics especially to European markets and causing severe competition for Pakistani weaving industry. This situation may result in further slowdown in fabric demand.
Surging energy cost is another challenge which the industry is facing. Your company is taking all possible measures, such as increase in solar capacity, to reduce overall energy cost.
Owing to the recent floods and concerns over potential commodity shortages, the SBP has prudently decided to maintain the policy rate. The stability in the exchange rate has also supported improved cost and revenue forecasting.
The outlook for the 2nd quarter of FY26 remains uncertain given the persistent market challenges as mentioned above. Nevertheless, the management is proactively implementing cost-efficiency measures, targeted marketing strategies, and product diversification initiatives to strengthen operational resilience. These steps are expected to support the Company in sustaining profitability through the remainder of the financial year.
According to the figures issued by the Pakistan Cotton Ginners Association, for the crop year 2025-26, Kapas, (seed cotton) arrivals up to September 30, 2025, at the Ginneries totalled
3.044 million bales compared to 2.040 million bales for SPLY showing increase in arrival of 49.24%.
3
NAGINA
PROSPERITY WEAVING MILLS LTD.
NAGINA GROUP
It is hoped that the Government will bring in business friendly policies such as uninterrupted energy supplies in cost effective manner, refund of outstanding taxes, reduction in the corporate tax rate, controlling the inflation rate and reducing the financial costs. Government policies should encourage the completion of the value chain in the textile sector so that the country can export finished products.
Acknowledgement
Continued diligence and devotion of the staff and workers of the Company and good human relations at all levels deserve acknowledgement. The Directors also wish to place on record their thanks to the bankers and other stakeholders for their continued support to the Company.
On behalf of the Board.
Lahore: October 29, 2025
Raza Ellahi Shaikh
Chief Executive Officer
Haroon Shahzada Ellahi Shaikh
Director
4
5
NAGINA
PROSPERITY WEAVING MILLS LTD.
NAGINA GROUP
6
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025
Note | Un-Audited September 30, 2025 | Audited June 30, 2025 | ||
EQUITY AND LIABILITIES | … Ru | pees…………… | ||
SHARE CAPITAL AND RESERVES | ||||
Authorized share capital | ||||
40,000,000 (June 30, 2025: 40,000,000) ordinary shares of Rs. 10 each | 400,000,000 | 400,000,000 | ||
Issued, subscribed and paid up capital | 184,800,000 | 184,800,000 | ||
Reserves | 2,123,445,402 | 2,021,650,593 | ||
Revaluation surplus on land | 207,888,634 | 207,888,634 | ||
TOTAL EQUITY | 2,516,134,036 | 2,414,339,227 | ||
LIABILITIES | ||||
NON-CURRENT LIABILITIES | ||||
Long term finances | 4 | 1,443,779,033 | 1,453,560,268 | |
Employee retirement benefits | 298,106,428 | 285,566,178 | ||
Deffered Taxation | 53,353,760 | 33,353,761 | ||
1,795,239,221 | 1,772,480,207 | |||
CURRENT LIABILITIES | ||||
Trade and other payables | 1,196,276,527 | 1,024,101,094 | ||
Accrued interest / markup | 40,033,553 | 43,364,251 | ||
Short term borrowings | 5 | 1,095,010,145 | 1,100,553,395 | |
Current portion of long term finances | 4 | 408,401,485 | 424,124,916 | |
Provision for taxation - net | 386,266,689 | 315,122,536 | ||
Unclaimed dividend | 7,315,990 | 7,318,034 | ||
3,133,304,389 | 2,914,584,226 | |||
TOTAL LIABILITIES | 4,928,543,610 | 4,687,064,433 | ||
CONTINGENCIES AND COMMITMENTS | 6 | |||
TOTAL EQUITY AND LIABILITIES | 7,444,677,646 | 7,101,403,660 | ||
The annexed explanatory notes from 1 to 15 form an integral part of these condensed interim financial statements.
Lahore: October 29, 2025
Raza Ellahi Shaikh
Chief Executive Officer
Muhammad Tariq Sheikh
Chief Financial Officer
7
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025
Note | Un-Audited September 30, 2025 | Audited June 30, 2025 | ||
NON-CURRENT ASSETS | … Ru | pees…………… | ||
Property, plant and equipment | 7 | 3,174,147,282 | 3,093,794,061 | |
Long term deposits | 15,239,000 | 45,588,923 | ||
CURRENT ASSETS | 3,189,386,282 | 3,139,382,984 | ||
Stores, spare parts and loose tools | 138,729,708 | 179,945,830 | ||
Stock-in-trade | 1,404,965,872 | 1,775,626,080 | ||
Trade receivables | 1,209,723,235 | 1,073,036,270 | ||
Advances | 37,084,538 | 46,432,447 | ||
Short term prepayments | 23,910,500 | 4,132,992 | ||
Other receivables | 885,583 | 1,055,207 | ||
Sales tax refundable | 215,003,302 | 255,318,075 | ||
Other financial assets | 8 | 161,572,020 | 105,960,114 | |
Prepaid Levies | 60,241,791 | 52,277,034 | ||
Advance Income Tax | 295,668,796 | 243,600,440 | ||
Cash and bank balances | 707,506,019 | 224,636,187 | ||
4,255,291,364 | 3,962,020,676 | |||
TOTAL ASSETS 7,444,677,646 7,101,403,660
The annexed explanatory notes from 1 to 15 form an integral part of these condensed interim financial statements.
Haroon Shahzada Ellahi Shaikh
Director
8
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
Note
Quarter Ended
September 30, September 30,
2025 2024
……………Rupees……………
Revenue from contracts with customers | 9 | 4,681,614,220 | 5,114,239,197 | |
Cost of sales | 10 | (4,365,189,829) | (4,776,194,996) | |
Gross profit | 316,424,391 | 338,044,201 | ||
Distribution cost | (88,156,987) | (122,507,354) | ||
Administrative expenses | (42,613,399) | (41,929,698) | ||
Other operating expenses | (10,214,244) | (6,275,391) | ||
(140,984,630) | (170,712,443) | |||
175,439,761 | 167,331,758 | |||
Finance cost | (44,271,444) | (85,698,947) | ||
Other income | 6,158,739 | 2,356,905 | ||
Profit before income tax, minimum tax differential and final tax | 137,327,056 | 83,989,716 | ||
Minimum Tax differential | (39,628,639) | (60,226,709) | ||
Profit before Income tax | 97,698,417 | 23,763,007 | ||
Provision for taxation | (51,515,514) | (3,529,168) | ||
Profit after taxation | 46,182,903 | 20,233,839 | ||
Other comprehensive income | ||||
Items that will not be reclassified subsequently to statement of profit or | loss: | |||
Fair value gain/(loss) on investment in equity instrument designated | at FVTOCI | 55,611,906 | (1,215,208) | |
Total comprehensive income for the period | 101,794,809 | 19,018,631 | ||
Earnings per share - basic and diluted | 2.50 | 1.09 |
The annexed explanatory notes from 1 to 15 form an integral part of these condensed interim financial statements.
Lahore: October 29, 2025
Raza Ellahi Shaikh
Chief Executive Officer
Muhammad Tariq Sheikh
Chief Financial Officer
Haroon Shahzada Ellahi Shaikh
Director
9
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
Quarter Ended
September 30, September 30,
2025 2024
……………Rupees……………
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Profit before taxation | 97,698,417 | 23,763,007 | ||
Adjustments for: | ||||
Depreciation of property, plant and equipment | 72,271,739 | 74,853,468 | ||
Provision for employee benefits | 21,859,755 | 22,286,274 | ||
Dividend income | (2,547,700) | (2,343,392) | ||
Gain on disposal of property, plant and equipment | (3,596,417) | (8,397) | ||
Minimum Tax differential and final tax | 39,628,639 | 60,226,709 | ||
Interest (Income)/Loss | (14,621) | (2,225) | ||
Gain on sale of other Financial assets at FVTPL | - | (2,891) | ||
Finance cost | 44,271,444 | 85,698,947 | ||
171,872,839 | 240,708,493 | |||
Operating cash flow before working capital changes | 269,571,256 | 264,471,500 | ||
Changes in Working capital (Increase) / decrease in: | ||||
Stores, spare parts and loose tools | 41,216,122 | (17,946,315) | ||
Stock-in-trade | 370,660,208 | (38,046,799) | ||
Trade receivables | (136,686,965) | 226,342,080 | ||
Advances | 9,347,909 | 4,786,190 | ||
Short term prepayments | (19,777,508) | (19,644,946) | ||
Other receivables | 169,624 | 265,022 | ||
Long Term Deposit | 30,349,923 | - | ||
Sales tax refundable | 40,314,773 | (170,368,302) | ||
335,594,086 | (14,613,070) | |||
(Decrease)/Increase in trade and other payables | 172,175,433 | (95,945,823) | ||
507,769,519 | (110,558,893) | |||
Cash generated from operations | 777,340,775 | 153,912,607 | ||
Finance cost paid | (47,602,142) | (81,904,906) | ||
Employee benefits paid | (9,319,505) | (11,033,926) | ||
Levies paid | (38,790,078) | - | ||
Income taxes paid | (21,243,036) | (72,968,513) | ||
Net cash (used in)/generted operating activities | 660,386,014 | (11,994,738) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Purchase of property, plant and equipment | (156,108,542) | (10,654,379) | ||
Proceeds from disposal of property, plant and equipment | 7,080,000 | 10,000 | ||
Purchase of other financial assets | - | (180,828,700) | ||
Proceeds from sale of other financial assets | - | 155,467 | ||
Interest received | 14,621 | - | ||
Dividend received | 2,547,700 | 2,343,392 | ||
Net cash (used in)/generated from investing activities | (146,466,221) | (188,974,220) | ||
10 | ||||
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
CASH FLOWS FROM FINANCING ACTIVITIES
Quarter Ended
September 30, September 30,
2025 2024
……………Rupees……………
Long term finances obtained | 85,263,837 | 10,299,150 | |
Repayment of long term finances | (110,768,503) | (105,197,384) | |
Short term borrowings excluding running finance and bank overdraft | 27,325,168 | 718,849,873 | |
Dividend paid | (2,044) | (28,358) | |
Net cash generated from financing activities | 1,818,458 | 623,923,281 | |
Net increase in cash and cash equivalents | 515,738,251 | 422,954,323 | |
Cash and cash equivalents at beginning of the period | 41,564,687 | (369,788,916) | |
Cash and cash equivalents at end of the period | 557,302,938 | 53,165,407 | |
CASH AND CASH EQUIVALENTS | |||
Cash and bank balances | 707,506,019 | 93,934,936 | |
Running finance | (150,203,081) | (40,769,529) | |
557,302,938 | 53,165,407 |
The annexed explanatory notes from 1 to 15 form an integral part of these condensed interim financial statements.
Lahore: October 29, 2025
Raza Ellahi Shaikh
Chief Executive Officer
Muhammad Tariq Sheikh
Chief Financial Officer
Haroon Shahzada Ellahi Shaikh
Director
11
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
Issued, subscribed and paid up capital | Capital reserve | Revenue reserve | Total | ||
Amalgamation reserve | Revaluation surplus on land | Fair value reserve | Unappropriated profit | ||
184,800,000 | 16,600,000 | 207,888,634 | 941,150 | 1,918,898,182 | 2,329,127,966 |
- | - | - | - | 20,233,839 | 20,233,839 |
- | - | - | (1,215,208) | - | (1,215,208) |
- | - | - | (1,215,208) | 20,233,839 | 19,018,631 |
184,800,000 | 16,600,000 | 207,888,634 | (274,058) | 1,939,132,021 | 2,348,146,597 |
Balance at June 30, 2024 (Audited) Comprehensive income
Profit after taxation
Other comprehensive income - net of tax
Total comprehensive income for the period Balance as at September 30, 2024 (Un-audited) Comprehensive income
Profit after taxation
Other comprehensive income - net of tax
------------------------------- Rupees -------------------------------
- | - | - | - | 70,888,702 | 70,888,702 |
- | - | - | 32,983,904 | 8,520,024 | 41,503,928 |
Total Comprehensive income for the period - - - 32,983,904 79,408,726 112,392,630
Transfer of gain on disposal of equity investments at FVTOCI Transactions with owners | - | - | - | - - - | ||
Final dividend for the year ended June 30, 2024 @ 25% i.e. Rs.2.5 per ordinary share | - | - | - | - (46,200,000) (46,200,000) | ||
Balance at June 30, 2025 (Audited) 184,800,000 16,600,000 207,888,634 32,709,846 1,972,340,747 2,414,339,227 | ||||||
Comprehensive income | ||||||
Profit after taxation | - | - | - | - | 46,182,903 | 46,182,903 |
Other comprehensive Loss - net of tax | - | - | - | 55,611,906 | - | 55,611,906 |
Total comprehensive (loss)/income for the period | - | - | - | 55,611,906 | 46,182,903 | 101,794,809 |
Balance at September 30, 2025 (Un-audited) | 184,800,000 | 16,600,000 | 207,888,634 | 88,321,752 | 2,018,523,650 | 2,516,134,036 |
The annexed explanatory notes from 1 to 15 form an integral part of these condensed interim financial statements.
Lahore: October 29, 2025
Raza Ellahi Shaikh
Chief Executive Officer
Muhammad Tariq Sheikh
Chief Financial Officer
Haroon Shahzada Ellahi Shaikh
Director
12
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025
LEGAL STATUS AND OPERATIONS
Prosperity Weaving Mills Limited (the Company) was incorporated in Pakistan on November 20, 1991 as a public limited company under the repealed Companies Ordinance, 1984 (Now Companies Act 2017) and listed on Pakistan Stock Exchange Limited on October, 17 1995. The registered office of the Company is situated at Nagina House, 91-B-1, M.M. Alam Road, Gulberg-III, Lahore and Regional Office at 2nd Floor, Shaikh Sultan Trust Bldg. No. 2, 26-Civil Lines, Beaumont Road, Karachi. The principal activity of the Company is manufacturing and sale of woven cloth. The plant measuring 210 kanals is located at 13.5 km Sharakpur road, District Sheikhupura in the Province of Punjab.
These condensed interim financial statements are presented in Pak Rupees, which is the Company's functional and presentation currency.
STATEMENT OF COMPLIANCE
These condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards applicable in Pakistan for interim financial reporting comprise of:
International Accounting Standard 34: 'Interim Financial Reporting' (IAS 34), issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and
Provisions of and directives issued under the Companies Act, 2017.
Where provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.
These condensed interim financialstatements do not include all of the information required for the full financialstatements and, therefore, these should be read in conjunction with annual audited financial statements for the year ended June 30, 2025. Comparative condensed statement of financialposition is extracted from annualaudited financialstatements for the year ended June 30, 2025, whereas comparative condensed statement of profit or loss and other comprehensive income, comparative condensed statement of changes in equity and comparative of statement of cash flows are stated from un-audited condensed interim financial statements for the first quarter ended September 30, 2024.
ACCOUNTING POLICIES AND ESTIMATES
The signigicant accounting policies and methods of computation adopted in preparation of these condensed interim financial statements are the same as those applied in preparation of the annual audited financial statements of the Company for the year ended June 30, 2025.
Financial risk management
The Company's financialrisk management objectiveand policies are consistent with those disclosed in the annualaudited financial statements of the Company for the year ended June 30, 2025.
Fair value of financial assets and liabilities
The carrying value of financial assets and financial liabilities reported in these condensed interim financial statements approximates their fair values.
Estimates and judgements
Estimates and judgements made by management in the preparationof these condensed interim financial statements are same as those applied in the preparation of the annual audited financial statements of the Company for the year ended June 30, 2025.
Un-Audited Audited
LONG TERM FINANCES September 30 June 30
2025 2025
From Banking Companies --------------Rupees--------------
Opening balance
1,877,685,184
2,143,179,470
Obtained during the period / year
85,263,837
208,799,059
Repayments made during the period / year
(110,768,503)
(474,293,344)
1,852,180,518
1,877,685,184
Less: Current portion shown under current liabilities
(408,401,485)
(424,124,916)
1,443,779,033
1,453,560,268
13
SHORT TERM BORROWING
From banking companies:
Un-Audited Audited
September 30 June 30
2025 2025
--------------Rupees--------------
Running finance - secured 150,203,081 183,071,501
Foreign currency loans - secured 944,807,064 917,481,894
1,095,010,145 1,100,553,395
CONTINGENCIES AND COMMITMENTS
Contingencies
There is no significant change in the status of contingencies as disclosed in the note 12.1 & 12.2 of the financial statement for the year ended June 30, 2025.
Commitments
Irrevocable letters of credit for
Store and Spares Capital expenditure Raw Materials
Short term lease
20,372,880
313,584,567
486,129,993
38,576,364
314,975,695
453,344,917
820,087,440 806,896,976
Payable within one year 572,127 1,063,057
820,659,567 807,960,033
PROPERTY, PLANT AND EQUIPMENT
Operating fixed assets - owned 7.1 3,143,806,082 2,918,618,184
Capital work-in-progress 30,341,200 175,175,877
3,174,147,282 3,093,794,061
Operating fixed assets - Owned
Opening written down value 2,918,618,184 3,143,679,480
Additions during the period / year: Arms and Ammunition
Plant and machinery Electric Installation Factory equipment Furniture and fixture Office equipment Vehicles
.
-278,004,911
-
-
-
-22,938,309
410,000
46,643,727
270,000
651,000
1,315,027
2,687,640
33,710,495
300,943,220 85,687,889
Written down value of property, plant and equipment disposed off (3,483,583) (5,805,489)
Depreciation charged during the period/year (72,271,739) (304,943,696)
Written down value at end of the period/year 3,143,806,082 2,918,618,184
OTHER FINANCIAL ASSETS
Investments classified as FVTOCI
Equity investments 8.1 160,743,320 105,131,414
Investments classified as FVTPL
TDR's 828,700 828,700
161,572,020 105,960,114
Reconciliation between fair value and cost of investments classified at FVTOCI
Fair value of investments
-in listed equity securities 160,743,320 105,131,414
Add/(Less): Gain/(Loss) on remeasurement of investments (88,321,752) (32,709,846)
Cost of investment 72,421,568 72,421,568
14
Revenue from contracts with customer Export
Quarter Ended (Un-audited)
September 30 September 30
2025 2024
……………Rupees……………
Cloth | 2,051,420,096 | 2,058,237,694 | ||
Local | ||||
Cloth | 3,084,625,457 | 3,463,268,799 | ||
Yarn | - | 78,942,000 | ||
Waste | 19,003,609 | 63,859,922 | ||
3,103,629,066 | 3,606,070,721 | |||
Less: Sales tax on sales | (473,434,942) | (550,069,219) | ||
2,630,194,124 | 3,056,001,502 | |||
Total | 4,681,614,220 | 5,114,239,197 | ||
10 | COST OF SALES | |||
Raw material consumed | 2,936,063,687 | 3,614,129,183 | ||
Fuel and power | 529,936,610 | 565,495,040 | ||
Salaries, wages and benefits | 254,410,494 | 223,421,684 | ||
Stores and spares consumed | 53,029,355 | 71,228,542 | ||
Sizing material consumed | 74,086,652 | 73,917,346 | ||
Depreciation | 68,421,666 | 72,366,796 | ||
Packing material consumed | 12,915,748 | 16,418,648 | ||
Insurance | 6,527,254 | 6,534,021 | ||
Repairs and maintenance | 5,002,928 | 4,739,553 | ||
Electricity duty | - | 4,651,627 | ||
Others | 6,971,187 | 6,702,817 | ||
Manufacturing cost | 3,947,365,581 | 4,659,605,257 | ||
Work-in-process: | ||||
At beginning of period | 240,293,214 | 254,217,864 | ||
At end of period | (195,718,941) | (325,105,948) | ||
44,574,273 (70,888,084) | ||||
Cost of goods manufactured | 3,991,939,854 | 4,588,717,173 | ||
Finished stocks: | ||||
At beginning of period | 973,067,246 | 849,739,338 | ||
Cloth purchased / processing charges | 32,497 | 11,974,185 | ||
At end of period | (599,849,768) | (674,235,700) | ||
373,249,975 187,477,823 | ||||
4,365,189,829 | 4,776,194,996 | |||
11 TRANSACTIONS WITH RELATED PARTIES
The related parties comprise of associated companies, directors of the company and key management personnel. The transactions between the Company and the related parties are carried out as per agreed terms. The consideration is determined on commercial terms and conditions. The transactions with related parties during the period generally consist of sales and purchases.
Nature and description of related party transactions during the period along with monetary values are as follows:
Nature of Relationship | Nature of Transaction | ||
Associated companies | Purchase of goods and services | 2,327,541,702 | 2,190,087,303 |
Rent expense | 369,135 | 351,558 | |
Sale of goods and services | - | 17,700 | |
Key Management Personnel | Remuneration and other benefits | 17,142,520 | 16,234,397 |
There is no balance outstanding to or from associated undertakings as at reporting date.
15
FAIR VALUE OF FINANCIAL INSTRUMENTS
The table below analysIs financial instruments carried at fair value, by valuation method. The different levels have been defined as follows:
Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).
Level 3 - Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).
The following table presents the Company's financial assets which are carried at fair value:
September 30, 2025
Level 1 Level 2 Level 3 Total
---------------------------------- Rs -------------------------------------
Financial assets - at fair value
Equity Investments designated at FVTOCI
160,743,320
-
-
160,743,320
At September 30, 2025
160,743,320
-
-
160,743,320
June 30, 2025
Financial assets - at fair value
Equity Investments designated at FVTOCI
105,131,414
-
-
105,131,414
At June 30, 2025
105,131,414
-
-
105,131,414
At September 30, 2025 the company holds short term investments where the company has used Level 1 inputs for the measurement of fair values and there is no transfer between levels.
CHANGES IN LIABILITIES ARISING FROM FINANCING ACTIVITIES
Long term finances Short term borrowings
Quarter ended (Un-audited)
June 30, September 30,
Net Cash flow
2025 2025
...…………….………Rupees...……………………
1,877,685,184 (25,504,666) 1,852,180,518
1,100,553,395 (5,543,250) 1,095,010,145
2,978,238,579 (31,047,916) 2,947,190,663
CORRESPONDING FIGURES
Corresponding figures have been rearranged and regrouped where ever necessary for the purpose of comparison.
The figures have been rounded off to the nearest Rupee.
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DATE OF AUTHORIZATION FOR ISSUE
These condensed interim financial statements (un-audited) have been approved by the board of directors of the Company and authorized for issue on October 29,2025.
Lahore: October 29, 2025
Raza Ellahi Shaikh
Chief Executive Officer
Muhammad Tariq Sheikh
Chief Financial Officer
Haroon Shahzada Ellahi Shaikh
Director
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PROSPERITY WEAVING MILLS LTD.
Nagina House, 91-B-1, M.M. Alam Road, Gulberg-III Lahore-54660