ISO 9001:2015,
ISO 14001:2015,
ISO 45001:2018 & ISO I IEC 27001:2013
Certified
No. SY - 67/004
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi
30 July 2025
FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2025
Dear Sir,
We wish to inform you that the Board of Directors of the Company, in their meeting held on Wednesday, July 30, 2025 at 10:30 am at the registered office of the Company recommended the following:
Cash Dividend
A final cash dividend of Rs. 9.001- per share i.e. 90% for the year ended June 30, 2025. This is in addition to the interim cash dividend already paid at the rate of Rs 2.50/- per share i.e. 25% making a total of Rs 11.50/- per share i.e. 115%.
The financial statements do not include the effect of above dividend, which will be accounted for subsequent to the annual year end.
The above entitlement will be paid to the shareholders whose names will appear in the Register of the Members on September 19, 2025.
The Share Transfer Books of the Company will be closed from September 20, 2025 to September 26, 2025 (both days inclusive). Transfers received at the office of our Share Registrar, Mls. FAMCO Share Registration Services (Pvt.) Limited, 8-F, Near Hotel Faran, Nursery, Block-6, P.E.C.H.S., Shahrah-e-Faisal, Karachi at the close of business on September 19, 2025 will be treated in time for the purpose of payment of above entitlement to the transferees.
In compliance of Notice No. PSX/N-062 dated January 10, 2025, we enclose herewith the following:
Statement of Financial Position
Statement of Profit or Loss
Statement of Changes in Equity
Statement of Cash Flows
The Annual Report of the Company for the period ended June 30, 2025 will be transmitted through PUCARS separately, within the specified time. The Board of Directors have also approved the budget for FY-2025-26.
You s fait lly,
for ecuri Papers Limited
YA IR A I AISHI
Company ecretary & Chief Legal Officer Encl: As stated above
Copy forwarded to the Additional Registrar, Securities and Exchange Commission of Pakistan, National Insurance Corporation Building, Jinnah Avenue, Islamabad.
Registered Office & Jinnah Avenue, Malir Halt, Karachi-75100.Shares Department_: Ph.: (92)-021-99248285 Fax No.: (92)-021-99248286 NTN: 0712033-8 STR No.02-04-4816-002-64
Factory : Jinnah Avenue, Malir Halt, Karachi-75100. Ph.: 99248536-3T Fax.: 99248616, 99248538
STATEMENT OF FINANCIAL POSITION | |||
AS AT JUNE 30, 2025 | |||
2025 | 2024 | ||
ASSETS | (Rupees | in '000) | |
Non-current assets | |||
Property, plant and equipment | 1,998,938 | 1,828,287 | |
Intangible assets | 13,520 | 11,991 | |
Long term investments | 3,807,752 | 3,425,945 | |
Staff retirement benefits | 90 | ||
5,820,210 | 5,266,313 | ||
Current assets | |||
Stores, spares and loose tools | 391,641 | 299,871 | |
Stock-in-trade | 861,084 | 880,786 | |
Trade debts - considered good | 1,299,514 | 1,320,036 | |
Loans, advances, prepayments and other receivables | 51,862 | 137,130 | |
Short term investments | 2,722,086 | 2,160,504 | |
Cash and bank balances | 203,488 | 476,940 | |
5,529,675 | 5,275,267 | ||
TOTAL ASSETS | 11,349,885 | 10,541,580 | |
EQUITY AND LIABILITIES | |||
Share Capital and Reserves Authorised share capital | 700,000 | 700"000 | |
Issued, subscribed and paid-up capital | 592,559 | 592,559 | |
Revenue reserves | |||
General reserves | 7,035,181 | 6,246,411 | |
Unappropriated profit | 1,373,408 | 1,381,328 | |
8,408,589 | 7,627,739 | ||
Total equity | 9,001,148 | 8,220,298 | |
Non-current liabilities | |||
Deferred tax liability | 314,875 | 289,172 | |
Staff retirement benefits | 7,620 | ||
322,495 | 289,172 | ||
Current liabilities | |||
Trade and other payables | 1,232,887 | 1,321,056 | |
Unpaid dividend | 615,952 | 546,408 | |
Unclaimed dividend | 3,523 | 4,762 | |
Taxation - net | 173,880 | 159,884 | |
2,026,242 | 2,032,110 | ||
Total liabilities | 2,348,737 | 2,321,282 | |
Contingencies and commitments | |||
TOTAL EQUITY AND LIABILITIES | 11,349,885 | 10,541,580 | |
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
(Rupees in '000)
Revenue from contracts with customers | 7,870,700 | 7,311,732 | |
Cost of sales | (5,666,905) | (5,264,443) | |
Gross profit | 2,203,795 | 2,047,289 | |
Administrative expenses | (501,541) | (472,266) | |
Other income | 915,829 | 1,012,900 | |
Other expenses | (200,950) | (189,677) | |
Finance costs | (3,360) | (6,088) | |
Profit before taxation | 2,413,773 | 2,392,158 | |
Taxation - net | (889,980) | (903,474) | |
Profit for the year | 1,523,793 | 1,488,684 |
(Rupees)
Earnings per share - basic and diluted 25.72 25.12
Total equity
Unappropriated profit
General reserves
Revenue reserves
Issued, subscribed and paid-up capital
(Rupees in '000)
Balance as at June 30, 2023
Total comprehensive income for the year ended June 30, 2024
Profit for the year
Other comprehensive income
592,559 5,951,267
948,176 7,492,002
1,488,684 | 1,488,684 | ||
39,568 | 39,568 |
1,528,252 1,528,252
Transactions with owners: Final cash dividend @ Rs. 11 per ordinary share for the year ended June 30, 2023 Interim cash dividend @ Rs. 2.50 per ordinary share for the half year ended December 31, 2023 | (651,816) (148,140) | (651,816) (148,140) | |||||
Transfer to general reserves | 295,144 | (295,144) | |||||
Balance as at June 30, 2024 | 592,559 | 6,246,411 | 1,381,328 | 8,220,298 | |||
Total comprehensive income for the year ended June 30, 2025 | |||||||
Profit for the year | - | 1,523,793 | 1,523,793 | ||||
Other comprehensive loss | - | (2,244) | (2,244) | ||||
- | - | 1,521,549 | 1,521,549 | ||||
Final cash dividend @ Rs.10.00 per ordinary share for the year ended June 30, 2024 | - | (592,559) | (592,559) | ||||
Interim cash dividend @ Rs.2.50 per ordinary share for the half year ended December 31, 2024 - | (148,140) | (148,140) | |||||
Transfer to general reserves Balance as at June 30, 2025 | 592,559 | 788,770 7,035,181 | (788,770) 1,373,408 | -9,001,148 | |||
Transactions with owners:
2025 2024
(Rupees in '000)
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Cash generated from operations | 1,756,358 | 1,559,153 | |||
Lease deposits recovered | 7,648 | ||||
Taxes paid | (849,737) | (807,503) | |||
Staff retirement benefits paid | (40,392) | (55,275) | |||
Finance costs paid | (3,846) | (5,610) | |||
Net cash generated from operating activities | 862,383 | 698,413 | |||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||
Capital expenditure | (425,660) | (329,820) | |||
Acquisition of intangible assets | (5,309) | (866) | |||
Proceeds from sale of operating fixed assets | 21,965 | 4,565 | |||
Investments made during the year | (2,052,461) | (2,009,912) | |||
Investments matured / redeemed during the year | 1,975,490 | 288,000 | |||
Gain received on reverse repo transactions | 73,388 | 355,505 | |||
Mark-up received | 532,977 | 458,777 | |||
Net cash generated from / (used in) investing activities | 120,390 | (1,233,751) | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Payments of lease liabilities | (4,696) | ||||
Dividend paid | (672,394) | (712,680) | |||
Net cash used in financing activities | (672,394) | (717,376) | |||
Net increase I (decrease) in cash and cash equivalents | 310,379 | (1,252,714) | |||
Cash and cash equivalent at beginning of the year | 842,833 | 2,095,547 | |||
Cash and cash equivalents at end of the year | 1,153,212 | 842,833 | |||