SAZGAIY ENGINEERING WORKS LIMITED
The General Manager,
Pakistan Stock Exchange Limited.
StocL Exchange Building. Stock Exchange Road, Karachi.
Ref: Sql/26-01/8117
January 27, 2026
SUBJECT: FINANCIALRESULTS FOR THE QUARTER ENDED 2025-12-31
Deal Air,
We have to inform you that the Board of' Directors of our Company in their mceting held on 2026-01 -27 at 12: l5 hrs. at Lahore recommended the following:
J. CASH DIYIDEND
,An Interim Cash Dividend for the quarter ended 2025-12-31 at Rs. 15/- per share i.e. 150'ñ. This is in addition to Interim Dividend already paid at Rs.l5 per share i.e. I 50%.
BONUS SHARES NIL
RI€iHT SHARES NIL
ANY OTHER ENTITLEMENT/CORPORATE ACTION NIL
The Board of Directors of the Company in its today's meeting has, in accordance with Section 159 of the Companies Act, 20 17, fixed the number of Directors of the Company at nine (9) Directors, to be elected at the forthcoming Extra Ordinary General Meeting of the Company scheduled to be tield on l"uesday. March 17, 2026, 11 :00 A.M. Fhe Share Transfer Books of the Company will be closed from 2026-03- 11 to 2026-03- 17 (both days inclusive). Further details ix ill be circulated in due coiirse of time.
ANY OTHER PRICE-SENSITIVE INFORMATION NIL
- FINANCIAL RESULTS
The financial results of the Company are attached as per annexure I.
Ttie above entitlement will be paid to the shareholders who.se names will appear in the Register or'Members on 2026-t12-09.
The Share J'iansfer Books of' the Company will be closed from 2026-02-10 to 2026-02- 12 (both days inclusive). I"ransfers received at the share registrar Mls Corp Tec Associates (Pvt.) Ltd., 503 - E, Johar Town, Lahore at the close of business on 2026-02-09 will be treated in time for the purpose of above entitlement to the transl'erees.
I'l4e Quai4ei ly Report ofthe Company will be transmitted through PtJCA RS separately. within the specified
time.
Yours fiinccrcl}.
for S z ar En Sneering Works LiiTiited,
Ars' d ahmoo (Com any Secrets )
Encls: as above
Registered Office. Car Plant:
Three Wheeler Pinnt:
88-Ali Town, Thokor Nioz Baig, Raiwind Rood, Lahore. Pakistan t2 +9E -42-3' 291' 73-74, 35297861-62 Fig +9E-4E -35297863 GI sazgor@brain.net.pk, infoOsazgarautos.com @ www.sozgoroutos.com
Moghrabi Tonki-1 Link Road. Neor ljtamah Chowk. Sunder- Raivvind Road, Raiwind, Lahore. Pa kiston
UAN: 3444- SAZGAF (7Z'9-427) L +92-4E-35398671-74 IR +92 -4E-3 539B676
18-KM, Raiwind Rood, Lahore. Pakistan +9E'-4E -35330300 -2 Ig +92-42-3533O3ZO
‌CONDENSED INTERIM STATEMENT OF
FINANCIAL POSITION (UN-AUDITED)
AS AT DECMBER 31, 2025
Un-audited | Audited | ||
Rupees | Rupees | ||
EQUITY AND LIABILITIES | |||
Share Capital and Reserves | |||
Authorized share capital | 1,000,000,000 | 1,000,000,000 | |
Issued, subscribed and paid-up share capital | 604,459,640 | 604,459,640 | |
Capital reserve - share premium | 557,406,192 | 557,406,192 | |
Revenue reserve - unappropriated profit | 28,870,788,302 | 22,545,831,628 | |
Shareholders' Equity | 30,032,654,134 | 23,707,697,460 |
Diminishing musharakah financing | 28,125,012 | 49,825,282 | |
Deferred tax Liability | 176,257,691 | 203,778,448 | |
Post employment benefits | 762,630,180 | 689,751,270 | |
967,012,883 | 943,355,000 | ||
current Liabilities | |||
Trade and other payables | 32,346,123,905 | 16,380,112,157 | |
Dividend payable / unclaimed | 34,220,693 | 22,228,966 | |
Profit Payable | 305,493,336 | 134,718,125 | |
Short term borrowings | 3,315,856,851 | ||
Current portion of non-current liabilities | 58,318,136 | 114,469,094 | |
Taxation - net | 434,275,876 | ||
36,060,012,921 | 17,085,804,218 |
zotai equity ana Liabiiiaes | 67,059,679,938 | 41,736,856,678 | |
ASSETS | |||
Property, plant and equipment | 9,81S,451,585 | 7,939,921,844 | |
Intangible assets | 28,439 | 62,564 | |
Long term loans to employees | 90,199,143 | 74,167,676 | |
Long term deposits | 12,090,470 | 8,990,470 | |
9,917,769,637 | 8,023,142,554 | ||
Stores, spares and loose tools | 110,382,361 | 63,066,066 | |
Stock-in-trade | 27,677,770,717 | 14,227,879,268 | |
Trade debts | 167,565,036 | 111,137,653 | |
Loans, advances, deposits, prepayments and other receivables | 3,959,714,131 | 2,715,138,956 | |
Cash and bank balances | 2S,226,478,0S6 | 16,596,492,181 | |
57,141,910,301 | 33,713,714,124 |
67,059,679,938 41,736,856,678
PIIAN ASAD HANEED
SAZGAR ENGINEERING WORKS LIMITED
SAEED IOBAL KHAN
I'4UHAI'4PIADATIF RAO
OuoñerlyRepor| 2025
‌CONDENSED INTERIM STATEMENT OF
PROFIT OR LOSS (UN-AUDITED)
FOR THE SECOND QUARTER AND HALF YEAR ENDED DECEMBER 31, 2025
34,02i,274,8y8 | 18,362,661,302 | Rupees 67,845,860,924 | 44,694,655,327 | |
(25,793,977,321) | (13,156,343,702) | (5I,097,I3S,990) | (31,867,700,528) | |
8,227,297,557 | 5,206,317,600 | 16,748,724,934 | 12,826,954,799 | |
DistributiOnadmaketingcoJs | (1,469,529,456) | (767,972570) | (2,433,590,871 | (1,508,012,813) |
{258,845,212) | (135,453319} | (465,3277' 2 | (258,436,001) | |
One Opñâi exp s & | (493,48i,6t7) | (321,380,i40) | (t,035,6t6,440) | (809,4t4,813) |
(2,22I,8S6,28S) | (1,224,806,029) | (3,934,535,023) | (2,575,863,627) | |
OperatingPoWt | 6,005,441,272 | 3,981,511,571 | 10,251,091,172 |
708,837,609 | 332,826,851 | 736,215,613 | |
(izo,z4s,so9) | (92,356,483} | (149,811660) |
240,470,368 | I,023,090,IW | 586,403,953 | ||
Profit before Levy and Taxation | 6,594,032,372 | 4,221,981,939 | 13,837,280,085 | 10,837,495,125 |
Levy / final taxation | ||||
emdtbeforeTaxaGon | 6,594,032,972 | 4,Z21,485,240 | 10,836,548,156 | |
(2,57O,479,351) | (1,813,779,092) | (4,211,347,525) | ||
Net Profit after taxation for the period from continuing operations | 4,023,553,021 | 2,407,706,148 | 8,440,56¿4I4 | 6,625,200,631 |
Net loss after taxation for the period from discontinued operations | (23,287) | |||
4,023,553,021 | 2,407,682,861 | 8440,565, I4 | 6,625,156,139 | |
tarnngs/Los)perstae-bai<> | ||||
66.56 | 39.83 | z39.64 | z09.60 | |
(0.00) | (0.00) | |||
MIAN ASAD HAMEED
SAZGAR EMGlMEERlMGvvORKS L|MlTED
SAEED IOBAL KHAN
I' IUHAMMAD ATIF RAO
Quarterly Report 2025
‌CONDENSED INTERIM STATEMENT OF
COMPREHENSIVE INCOME (UN-AUDITED)
FOR THE SECOND QUARTER AND HALF YEAR ENDED DECEMBER 31, 2025
Rupees Rupees Rupees Rupees
Net Profit for the period
Other comprehensive income for the period TotaTCompreheusivelucometorthe period
MIAN ASAD HAMEED
SAZGAR ENGINEER ING WORKS LIMITED
4,023,553,021 2,407,682,861 8,440,565,414 6,625,156,139
4,023,553,021 2,407,682,861 8,440,565,414 6,625,156,139
MUHAMMAD ATIF RAO
SAEED IOBAL KHAN
Quarterly Report 2025
‌CONDENSED INTERIM STATEMENT OF
CHANGES IN EQUITY (UN-AUDITED)
FOR THE HALF YEAR ENDED DECEMBER 31, 2025
Particulars | share | Captal*esecve | Revenuereserve | Total |
Shaepemlum | Ueappmp%ated |
Rupees
Balance as at June 3O, 2O24 - Audited
Final cash dividend for the year ended June 30, 2024 at the rate of Rs 12 (120%) per share
Interim dividend for the year ended June 30, 2025 at the rate of
Rs 10 (100K) per share
rotal transaction with owner, recogniieé directly in equity -
Comprehensive Income for the period
6o4,459,64o 557,406,192 8,942,220,855 10,104,O86,6B7(604,459,640)
(604,459,640)
(*,329,8*1,208) f*,329,8*t,208)
Net profit for the period | 6,625,IS6,I39 | 6,625,156,139 | |||||
Total comprehensive income lot the period ended December 31, 2O24 | 6,625,I56,lJ9 | 6,62S,156,139 | |||||
Balance as at December 31, z024 - unaudited | 604,4S9,640 | 557,40d,19Z | I4,2J7,565,786 | 15,J99,4JI,618 |
Balance as at June 30, 2025 - Audited
Final cash dividend for the year ended June 30, 2025 at the
rate of Rs. 20 (200K) per share
1st Interim cash dividend for the year ended June 30, 2026 attherateotRsls(ls0%)pershare
Total transaction with owner, recognized directly in equity -
distributions
Net profit for the period
period ended December 31, 2O25 Balance as at December 31, zozs - unaudited
I'•1IAN ASAD HAMEED
SAZGAR ENGINEERING WORKS LIMITED
(1,208,919,280) {1,208,919,280)
{906,689,460)
(906,689,460)
SAEED IQBAL KHAN
557,006,*92 22,505,831,628 ¥3,707,697,460
(2J15,608,7# (2JIS,608,740)
8,440,565,414
8,440,S65,414
8,440,S65,414
MUHAI'•II•1ADATIF RAO
OuoñerlyRepor| 2025
‌CONDENSED INTERIM STATEMENT OF
CASH FLOWS (UN-AUDITED)
FOR THE HALF YEAR ENDED DECEMBER 31, 2025
186,468,991 | 161,324,773 |
ss,tzs | 34,125 |
70,225,686 | |
(31,612,993) | |
751,004,881 | 586,0Q6,492 |
284,229,869 | 223,108,321 |
64,394,151 | 111,571,238 |
13,s36,939 | 3,426,280 |
1ss,9as,31o | 146,385,380 |
(1,193,655,287) | (7I5,S26,262) |
D,638,305 | |
(7,205) | |
|1,086,652) |
cash Flows from Operating Activities | Rupees | Rupees |
Profit before levy and taxation | 13,837,28O,O8S | 10,837,463,085 |
Depreciation on property, plant and equipment | ||
Amonization on intangibles | ||
Provision for post employment benefits | ||
(Decrease) / Increase in deferred revenue | ||
Workers' profit participation fund | ||
Workers' welfare fund | ||
Provision for warranty claims | ||
Discounting of loan to employees | ||
Finance cost | ||
Bank profits on saving accounts | ||
Effect of unwinding on loan to employees | ||
Miscellaneous income | ||
552,210,878 | ||
14,212,938,473 | 1t,389,673,963 | |
Working capital changes | ||
tlncrease)/decrease in current assets | ||
Store, spares and loose tools | (4z,s s,zss) | (26Ji6,541 |
Stock-in-trade | (13449,8g1,44g) | (7,694,514,423) |
Trade debts | (56,427,383) | (55,267,900) |
Loans, advances, deposits, prepayments and other receivables | (4,666,630) | 156,005,284 |
Trade and other payables | 14,189,081,302 | 2,308,002,583 |
Increase In long term loans and advances | (28,764,003) | (15,259,718) |
6QZ,0I5,/,42 | (5,327,150,715) | |
14,814,954,O1S | 6,062,523,24d | |
Finance cost paid Income tax paid/deducted at source | I1s,1so,oss Is,zzs,o3o,ss9) | ) (35,388,i17) (41i9,80i,09s |
Employees retirement benefit - gratuity paid | |12,068,978) | I7,284,i46) |
Workers' Welfare Fund Paid | ||
Net cash generated from operating activities | 1,890,049,890 | |
cAsri mows rRol4 invEszins AcTiviziEs | ||
Purchase of Propeny, plant and equipment | (2,061,998,732) | |
(Increase) / Decrease in long term deposits | (3,1O0,OOO) | |
Proceeds from sale of property, plant and equipment | 18,120,000 | |
(2,O6S,O98,732) | (2,241,509,999) | |
CASH FLOW FROM FTNANCTNG ACTTVTTIES | ||
Repayment of long term financing | (77,417,1S2) | (97,296,305) |
Proceeds from short term borrowings | a,sls,sss,sst | 6,574,035,701 |
Profit On bank deposits received | t,zs ,sal,zss | 718,069,561 |
Dividend paid | (2,103,617,013) | (1,321,268,917) |
Net cash generated from financing activities | 5,873,540,040 | |
Net Increase in Cash and Cash Equivalents | 5,522,079,931 | |
Cash and Cash Equivalents at the beginning of the period | 16,596,492,181 | 7,761,682,665 |
Cash and Cash Equivalents at the End of the Period | 25,226,478,056 | 13,283,762,596 |
)
PIIAN ASAD HANEED
SAZGAR ENGINEERING WORKS LIMITED
SAEED IOBAL KHAN
I•IUHAPIñ"IAD ATIF RAO
OuoñerlyRepor| 2025