RafhanPlâze
P RO D U C TS CO L T D
Corporate Headquarters 6 Registered Office
Rakh Canal East Road Faisalabad - 38860 - Pakistan Tel: +92 41 8540121-23
Fax: +92 41 8711016, 8502197
THROUGH - PUCARS THROUGH - TCS
The General Manager, Pal‹istan Stocl‹ Exchange Ltd.
PSX Building, Stocl‹ Exchange Road,
Karachi.
MKZ/D-I I/4IOS
August 27, 2025
FINANCIAL RESULTS FOR THE HALF YEAR ANID QUARTER ENDED IUNE 30, 2025
Dear Sir,
We have to inform you that the Board of Directors of our company in their meeting held on Wednesday, August 27, 2025 at 8:30 a.m. (UK Time) at Kimpton Charlotte Square Hotel, 38 Charlotte Square, Edinburgh, United Kingdom has recommended the following:
Cash Dividend
An Interim Cash Dividend for the half year and quarter ended June 30, 2025 at Rs. I 00/- per share i.e. I 000%. This dividend is in addition to first Interim Dividend already paid @ Rs. I 00/-per share i.e. I 000%.
The financial results of the Company for the half year and quarter ended June 30, 2025 are attached at Annexure- I .
The Interim Dividend will be paid to the shareholders whose names will appear in the
Register of Members on September 8, 2025.
The Share Transfer Bool‹s of the Company will be closed from Septemb'er 9, 2025 to September 10, 2025 (both days inclusive). Transfers received to our Shares Registrar Mls FAMCO Share Registration Services (Pvt) Limited, Near Hotel Faran, Nursery, BIocI‹-6, PECHS, Shahrah-e-Faisal, Karachi at the close of business on September 8, 1025 will be treated in time for the purpose of payment of Interim Dividend to the transferees.
a p.o. Box 62
Faisal
PAL ZLJB
The Quarterly fteport of the Company for the period ended June 30, 2025 will be
Encl: cC:
Financial Results
Director/HOD, Surveillance, Supervision and Enforcement Department, SECP (with encl.)
y"••¿ gional Office: 1st Floor Finlay House, I.I. Chundrigar Road, Karachi-74000 - Pakistan. Tel: +92 2132410848, 32427731 Fax' +92 2132428651
Fea4tf0se Sn0wtIake oBfsx $f3gd@2 Cerelose d BUFFALO
Condensed nterim Sta ement cf financiai Position (Un-audited! | ||
As at 3C Jur e 2†25 | ||
(Un-audited) 30 June | {Audi'°d) 3J December | |
2025 | 2024 | |
Non-current assets
Current assets
Current liabilities
Note ------(Rupees in thousands)------
9,801,053 | 9,890,792 |
63,337 | 407.94o |
2,130 | 3,303 |
40,130 | 41,123 |
9,906,650 | 10 343,1?4 |
lv
Working capital
Total capital employed Non-current liabilities
Net capital employed Represented by:
Share capital and reserves
Contingencies and commitments
20,410,B97
30,317,547
10 048,606
74,0251,394,995
28,699,911
92,364
28,607,547
28,699,911
18,573,5I
4"<0,299
93,304
4,223
1,5"31,o30
26,897,239
92,364
26,8G4, 975
26,897,239
1,718,B17 | 1,o53, 45 | |
29,412,562 | 21,306,351 | |
3,517,408 | 3.173,"12 | |
173,971 | 147,1o2 | |
243,429 | ||
34,498 | ||
10,531,422 | ||
2,601,779 | ||
48,233,886 | ||
19,675 | S5,71? | |
19,257 8,561,161 | ||
1,067,363 | ||
16,337,855 | ||
12,070 | ||
1,206,752 | 7.360 | |
28,364 | 28,745 | |
570,492 | 769,586 | |
27,822,989 | 22,2S1,4S6 |
The annex°d not°s 1 to 23 foFr 3P int=graI pan of tl°.ese csndo'°,sed :ntcr m *inanc:aI statements
Adil Saeed Khan Chief Financial Officer & Chief Operating Officer
Hum air ljaz Chief Executive & Managing Director
Condensed Interim Statement of Profit or Loss (Un-auditedt
For the six months period ended 30 June 2025
Six months ended Three months ended (Un-audited) (Un-audited)
30 June 30 June 30 June 30 June
2025 2024 2025 2024
(558,376) | i441,895l | (278,417) | (224,679) |
(806,843) | (748,347) | (400,293) | (350,746) |
(59) | (1,012) | (59) | (2,453) |
890,445 | 845,027 | 425,326 | 557,705 |
(501,902) | (411,194) | (263,066) | (209,889) |
Note (Rupees in thousands)
Revenue | 12 | 36,530,200 | 33,627,497 | 17,470,034 | 16,177,002 | |
Cost of sales | 13 | (28,865,020) | (26,732,436T | (13,702,015) | (12,843,764) | |
Gross profit | 7,665,180 | 6,895,061 | 3,768,019 | 3,333,238 | ||
Distribution expenses | ||||||
Administrative expenses | ||||||
Impairment on financial assets | ||||||
Other income | 4 | |||||
Other expenses | ||||||
(976,735) | (757,421) | (516,509) | (230,0G2) | |||
Operating profit | 6,688,445 | 6,137,G40 | 3,251,510 | 3,103,176 | ||
F.'nance° cost | (369,499) | (355,800) | (122,891) | (160,483) | ||
Profit before income tax | ||||||
and final tax | 6,318,946 | 5,781,840 | 3,128,619 | 2,942,693 | ||
F..Tal taxation | (12,375) | (145,213) | (11,628) | (109,192) | ||
Profit before income tax | 6,306,571 | 5,636,627 | 3,116,991 | 2,633,501 | ||
Taxation | (2,440,467) | (1,926,137) | (1,205,933) | t931,262) | ||
Profit after taxation | 3,866,104 | 3.710,490 | 1,911,058 | 1,902,239 | ||
Earnings per share - basic and diluted (Rupees) | 418.57 | 206.90 | 205.95 | |||
The annexed notes 1 tc 23 form an integral part of these condensed interim financiai stat°ments.
Adil Saeed Khan Chief Financial Officer & Chief Operating Officer
Humair ljaz Chief Executive & Managing Director
Condensed InteFi Stgt=ment of Comprehensive° Income (Un-auñi*=o)
-or he six moi°,zñs per od ei°.ded 2? Gunn° 2925
Six months ended Three months ended (Un-audited) (Un-audited)
30 June 30 Ju‹ e 30 June 30 June
2025 20? 2025 2?21
-- - -- - ---(Rupees in thousands)-----------------------------
Profit for the period 3,866,104 3.71 ,-30 1,911,058 ' ,302,239
Other comprehensive loss for the period
(354,337)
138,191
(354,337)
138,191
(216,146) (216,146)
Total comprehensive income
for the period
3,649,958 ?.71?,* 0
1,694,912 302,239
Adil Saeed Khan Chief Financial Officer & Chief Operating Officer
Hum air ljaz Chief Executive & Manag in g Director
Rafhan Maize Products Company Limited
Condensed Interim Statement of Changes in Equity (Un-audited)
For the six months perlod ended 30 June 2025
Capital Reserves Revenue Reserves
Share Capital
Share Premium
Other General
Unappropriated
Profit
Total
- - (Rupees in thousands) - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Balance as ai 01 January 2024
Total comprehensive income for the period Profil for lhe t›eriod
Other comprehensive income
Transactions with owners of the Company recognized directly in equity
Final dividend 2023 (Rs. 100.00 per share)
lst interim dividend 2024 (Rs. -/5.00 per share)
'22.Jb4 36,946 941
20-7
22,906,52b
3,710,490 3,710,490
3.710.490
(923, 643)
(692.731)
(1,616,374)
23,036,983
3,"/10.490
(923,643)
(692,731)
(1,616,374)
Balance as at 30 June 2024
92,364
36,946
941 207 25,000.641 25,131,099
Balance as at 01 January 2025
Total comprehensive income for the period Profit for the period
Other comprehensive loss
Transactions with owners of the Company recoqnized directly in equity
92,364
36,946
943
207 26,766,781
3,866,104
(216,146)
3,866,104
(216,146)
3,649,958
26,897,239
3,649,958
Final dividend 2024 (Rs. 1UU.00 per sharu) | (923,643) | (923,643) | ||||
Ist interim dividend 2025 (Rs. 100.00 per share) | (923,643) | (923,643) | ||||
(1,847,286) | (1,847,286) | |||||
Balance as at 30 June 2025 | 92.364 | 36.946 | 941 | 207 | 28.569,453 | 28,699,911 |
The annexed notes 1 to 23 lorm an integral part of these condensed interim financial statements.
Adil Saeed Khan Chief Financial Officer & Chief Operating Officer
Humair Ijaz Chief Executive & Managing Director
Rafhan Maize Products Company Limited Condensed Interim Statement of Cash Flows (Un-audited) For the six months period ended 30 June 2025
(321,379) | (526,330) |
87,345 | 38,850 |
421,626 | 77,083 |
(2,441,089) | (4,696,733) |
1,121 | 346 |
Cash flows from oeeratins activities
Six months ended
(Un-audited) 30 June 30 June
2025 2024
Note --------(Rupees in thousands)-------
Cash generated from operations | 15 | 1,576,838 | 7,981,096 | |
Taxespaid | (2,638,007) | (1,812,604) | ||
Employees retirement benefits paid | (40,344) | !16,307) | ||
(2,678,351) f1,828,911) | ||||
Net cash (used in) / generated from operating activities | (1,101,513) | 6,152,185 | ||
Cash flows from investment activities | ||||
Capital expenditure incurred | ||||
PrcceeJs from disposal of property, plant and equipment | ||||
Interest received | ||||
Short term investment | ||||
Repayment from long term loans | ||||
Net cash used in investing activities | (2,252,376) | (5,106,782) | ||
Cash flows from financinq activities | ||||
ReDayment of long term loan | ||||
Receipt of long t=rm loan | ||||
Short term finance - net | ||||
Repayment of lease liability | ||||
Dividend paid | ||||
Finance cost paid | ||||
Net cash generated from / (used in) financing activities | 823,268 | i2,054,591) | ||
Net decrease in cash and cash equivalents | (2,530,621) | (1,009,188) | ||
Cash and cash equivalents at the beginning of the period | 600,211 | 645,095 | ||
Cash and cash equivalents at the end of the period | 16 | (1,930,410) | (36^.,093) | |
(350,583) | 150,302) |
154,989 | |
2,278,691 | 1,425,677 |
(8,468) | (8,183) |
(648,875) | t3,265,189) |
(447,497) | f311,583) |
The annexed notes 1 to 23 form an integral part of these condensed interim financial statements.
Adil Saeed Khan Chief Financial Officer & Chief Operating Officer
Humair Ijaz Chief Executive & Managing Director