Financial Results for the Year Ended June 30, 2025

Property, plant and equipment

4

7,632,409

7,051,790

Right-of-use assets

5

40,770

50,430

Investment properties - at cost

5

2,923,493

2,885,863

Intangible assets

7

12,131

25,968

Deferred tax saset

8

1,2t4,703

1,272,018

Long-term investments - subsidiaries

9

9,666,718

9,666,718

Long-tern loans

1o

g‹

150

Long-tern deposits

11

7,386

7,396

Current asaets

21,497,881

20,580,333

Inventories

12

3,717,103

2,309,106

Trade receivables

13

9,467,606

10,705,822

Loans and advances

14

2,027,914

1,660,751

Trade deposits and short-tern prepayments

15

204,026

203,685

Other receivables

16

6,261,130

1,037,379

Short-tern Investment - at amortised cost

17

100,000

100,000

Taxation - payments less provisions

1,965,886

1,966,929

Refunds due from government - aales tax

254,2g2

207,440

Cash and bank balances

18

1J0,2t1

120,437

23,177,939

18.311,549

Investment in subsidiary held for sale

10

11,200,000

Totsl asseta

44,876,620

50,471,882

EQUiTY AND LIABILJTIES

EQUITY

Share capital

Issued, subscribed and paid-up capital

20

6,114,945

5,114,B45

Capital resarvea

Share premium

9,065,133

6,085,133

Revaluation surplus on property, plant and equipment

21

4,562,517

4,062,375

Revenue reaervec General reserve

22

280,251

280,251

Unappropriated profit

11,t78,637

10.552.225

Total equity

, ,

29,094,929

LIABILITIES

Non-current liabilities

Employee benefit obligations

23

Long-tern borrowings

24

Lease liabilities

25

Curmnt llablll9eo

Trade and other payables

26

Short-tern borrowings

27

Contract liabilities

28

Unpaid dividend

29

Undaimed dividend

66,369

48,067

57,514

181,961

8,t02,229

7,810,160

31,030

162,340

38,627 t1,400

t4,273,976

57,838

3,7t8,070

58,914

3,894,822

7,673,501

9,654,191

24,508

18*,072

37.07t

8,788

17,482.131

Gross profit

12,588,186

12,55Is,389

Distribution costs

33

(7,423,570)

(7,126,326)

Administrative expenses

34

(1,784,344)

(1,468,047)

Other expenses

35

(88,756)

(29,386)

Other income

36

396,707

356,759

Impairment loss on investment in subsidiary

19

(927,463)

(5,200,000)

Profit / (loss) from operations

2,760,760

(910,611)

!

Finance cost

37

(2,026,868)

(3,560,883)

Profit / (loss) before levies and income tax

733,892

(4,471,494)

Levies - minimum tax and final tax

38

(7,577)

(44,759)

Profit I (loss) before income tax

726,315

(4,516,253)

Income tax (expense) / credit

39

(292,277)

1,185,394

Profit I (loss) for the year

434,038

(3,330,859)

Other comprehensive income:

Items that will not be reclassified subsequently to the unconsolidated

(12)

6,342

710,728

525,263

Loss for the year anded June 30, 2024 Other comprehensive income

(3,330,859)

(3,330,859

(3.330,859)

for the year ended June 30, 2024 -

525,263

6,342

531,605

531,605

(3,324,517)

(2,799,254)

(2,799,254)

Transfer of incremental

depreciation - net of deferred tax • -

(179,957)

-

179,957

Transactions with owners

Subscription of shares against right issue

of share capital - note 20.3

1,214,286

3,035,714

3,035,714

4.250000

Issuance cest against right issue - net of tax

(24,576)

(24,576)

Balance as at June 30, 2024

9,085.133

4,062.375

280,251

10,552,225

"

23.979.984

29 094,929

Total comprehensive Incoma for the

year ended June 30, 2025

Profit for the year endad June 30, 2025

Other comprehensive income for the year

ended June 30, 2025

•

710,728

434,026

1,144,7M

Transfer of incremental deprecialion - nel of deferred tax

•

(190,686)

190,586

Balance as at June 30, 2025

6,114,945

9,086,133

4,582,517

280,251

11,176,837

25,124,738

30,239,683

434,038

434,038

7t0,726

(12

710,716

710,716

Cash generated from operations

41

1,645,272

10,113,828

Employee benefit obligations paid

(9,754)

(4,918)

Finance cost paid - conventional

(332,513)

(419,013)

Finance cost paid - islamic

(1,856,890)

(3,104,922)

Payments to workers' welfare fund and workers'

profit participation fund

(34,346)

Income tax and levies paid

(478,313)

(524,765)

Long-term loans receipts / (disbursed)

89

(33)

Net cash (used in) / generated from operating activities

(1,032,109)

6,025,831

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(174,410)

(312,478)

Proceeds from disposal of property, plant and equipment

16,825

90

Proceeds from disposal of subsidiary

6,745,785

-

Purchase of investment properties

(130,870)

(99,448)

Acquisition of a subsidiary

-

(7,250,407)

Dividend received - subsidiaries

71,951

Net cash generated from / (used in) investing activities

6,457,330

(7,590,292)

CASH FLOWS FROM FINANCING ACTIVITIES

Dividend paid

(976)

(1,119)

Repayment of long-term borrowing

(5,824,881)

(2,088,300)

Proceeds from diminishing musharaka facility

-

72,301

Proceeds from short-term borrowing

5,537,890

8,288,355

Repayment of short-term borrowing

(5,109,990)

(8,662,359)

Proceeds from issue of share capital

net of issuance cost

4,225,424

Payments against lease liabilities

{9,788)

(6,628)

Net cash (used in) / generated from financing activities

(5,407,745)

1,827,674

Net (decrease) / increase in cash and cash equivalents

17,476

263,213

Cash and cash equivalents at beginning of the year

(1,172,713)

(1,434,750)

Unrealised exchange gain / (loss) on cash and cash equivalents

242

(1,176)

Cash and cash equivalents at end of the year

42

(1,154,995)

(1,172,713)

Property, plant and equipment

4

11,149,935

10,396.016

Right-of-use assets

5

43,830

63.992

Investment properties - at cost

6

6,277,433

6,t77,607

Intangible assets

7

4,006,006

4,025,119

Long-term loans and advances

8

61

150

Long-term deposits

9

12,744

10,824

Deferred tax asset 22

1,616,811

1,984,209

23,106,820

22,657.907

Current assets

Inventories

10

5,253,512

3,451,526

Trade receivables

11

11,600,590

2.471,522

Loans and advances

12

746,726

673.796

Trade deposits and short-term prepayments

13

319,216

250,194

Other receivables

14

5,029,809

857,810

Short-term investment at amortised cost

15

100,000

100,000

Taxation - payments less provision

2,059,124

2,067,031

Tax refunds due from Government - sales tax

317,038

224,769

Cash and bank balances 6

398,751

302,839

25,824,766

20,399,487

Assets classified as held for sale

17

20,503,375

Total assets

48 931 586

63 560 769

EQUITY AND LIABILITIES

EQUITY

Share capital

Issued, subscribed and paid-up capital

18

5,114,945

5,114,945

Capital reserves

Share premium

9,085,133

9,085,133

Revaluation surplus on property, plant and equipment

19

6,178,180

6,023,513

Revenue reserves

General reserve

20

280,251

280,251

Unappropriated profit

11,430,588

12,027,381

Attributable to owners of The Searle Company Limited - Parent Company

32,089,097

32,531,223

Non-controlling interests

52

803,687

1,913,774

Total equity

32,892,784

34,444,997

LIABILITIES

Non-current liabilities

Long-term borrowings

21

Employee benefit obligations

23

Lease liabilities

24

Current liabilities

Trade and other payables

25

Short term borrowings

26

Contract liabilities

27

Unpaid dividend

28

Unclaimed dividend

Current portion of lease liabilities

24

Liabilities directly associated with assets classified as held for sale

17

Total liabilities

16,038,802

29,115,772

Contingencies and commitments

29

Total equity and liabilities

48,931,586

63.560,769

46,067

3,768,070

58,380

57.838

57,514

71,891

161,961

3,897,799

8,398,648

7,695,075

7,857,916

9,384,869

7t,577

58.863

196,363

197,224

44,176

12,026

19,691

15,876,841

18,103.471

7,114,502

Revenue from contracts with customers

30

28,599,834

29,400,675

Cost of sales

31

(14,527,889)

(15,694,540)

Gross profit

14,071,945

13,706,135

Distribution costs

32

(8,710,784)

(7,779,941)

Administrative expenses

33

(1,996,460)

(1,489,511)

Other expenses

34

(93,803)

(39,486)

Other income

35

421,750

603,652

Profit from operations

3,692,648

5,000,849

Finance cost

36

(2,100,887)

(3,634,968)

Profit before levies and income tax

1,591,761

1,365,881

Levies - minimum tax and final tax

37

(60,532)

(152,160)

Profit before income tax

1,531,229

1,213,721

Income tax expense

38

(723,861)

(229,584)

Profit from continuing operations

807,368

984,137

Discontinued operations:

Loss from discontinued operations - net of tax

17.3

(2,179,511)

(3,389,293)

Loss for the year

(1,372,143)

(2,405,156)

(Loss) / profit Is attributable to:

Owners of the Parent Company - continuing operations

789,314

992,060

Owners of the Parent Company - discontinued operations

(2,187,720)

(3,368,305)

(1,298,406)

(2,376,245)

Non-controlling interests - continuing operations

18,054

(7,923)

Non-controlling interests - discontinued operations

8,209

(20,988)

26,263

(28,911)

(1,372,143)

(2,405,156)

(Loss) per share / basic & diluted earnings per share

From continuing operations

39

1.54

2.07

From discontinued operations

(4,27)

(7.03)

(2.13)

(4.96)

Remeasurements of post employment benefit obligations

- net of deferred tax (12)

10,442

Surplus on revaluation of property, plant and equipment

- net of deferred tax 19

956,292

744,116

956,280

754,558

Total comprehensive loss for the year

(415,863)

(1,650,598)

Total comprehensive (loss) / income attributable to:

Owners of the Parent Company

(442,126)

(1,636,199)

Non-controlling interests

26,263

(14,399)

(415,863)

(1,650,598)

Total comprehensive (loss) I income attributable to owners of the Parent arise from:

Continuing operations

1,745,594

1,592,069

Discontinued operations

(2,187,720)

(3,228,268)

(442,126)

(1,636,199)

taaued,

share

Rsvaluaden

General

Uneppropri-

Sub - Tots!

Non-

aubacrlbad

premium

surplus on

raaerye

ated profits

rsccruaa

controlling

(2,376,245)

(2,376,245J

(26,911

(2,405,156j

729,604

10,442

740,046

1d,5t2

754,558

729,604

(2,365,803)

(1.638,199)

(14,399)

(1.850,596)

(274,460)

-

274,486

-

(1,396,406)

(1,346,406

26,263

(1,373,143)

956 292

(‹21

exzx

ex,xo

Cash generated from operations

40

1,629,590

10,021,042

Employee benefit obligations paid

(9,748)

(6,759)

Finance cost paid

(2,496,429)

(4,382,345)

Income taxes and levies paid

(872,414)

(762,474)

Payments to workers' welfare fund and

workers' profit participation fund

(108,787)

Long-term deposits disbursed

(1,920)

(4,958)

Long-term loans and advances - net

89

(24,965)

Net cash (used in) / generated from operating activities

(1,750,832)

4,730,754

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(335,039)

(748,990)

Proceeds from disposal of property, plant and equipment

54,897

33,523

Purchase of investment properties

(193,066)

(110,460)

Proceeds from disposal of subsidiary - net

9,500,831

Acquisition of subsidiary - net

(3,512,565)

Net cash generated from / (used in) investing activities

9,027,623

(4,338,492)

CASH FLOWS FROM FINANCING ACTIVITIES

Dividend paid

(1,153)

(30,903)

Non - redeemable convertible loan

29,413

Proceeds from issue of right shares - net of issuance cost

4,225,424

Proceeds from short term financing

8,421,650

10,953,273

Repayment of short - term finance

(9,170,634)

(12,841,843)

Proceeds from diminishing musharaka facility

72,301

Repayment of long term loan

(5,796,000)

(2,088,300)

Payments against lease liabilities

(36,996)

(28,730)

Net cash (used in) / generated from financing activities

(6,553,720)

261,222

Net increase in cash and cash equivalents

723,071

653,484

Cash and cash equivalents at beginning of the year

(1,619,526)

(2,273,010)

Cash and cash equivalents at end of the year

41

(896,455)

(1,619,526)