SERVICE INDUSTRIES TEXTILES LTD.
October 03, 2023
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exclunge Road, Karachi.
Subject: FINANCIAL RESULTS FOR THE YEAR ENDED 30.06.2025
Dear Sir,
We have to infotm you that the Board of Directors of our Company in their meeting held on 03.4.202'i at I 1.30 am at Registered Offi‹r sg-Empress Road, Lahore has approved Financial Result for the year ended June 30, 2025 and recommended the following.
CASH DIVIDEND
BONUS SHARES
RIGHT SHARES
ANY OTHER ENTITLEMENT/CORPORATE ACTION
ANY OTHER PRICE-SENSTIVE INFORMATION
The Financial results of the Company are attached as Annexure.
NIL NIL NIL NIL NIL
The Financial Results of the Company for PUCARS separately, with the specified time.
Yours sincerely,
the year ended June 30, 2025 will be transmitted through
for SER CE INDUSTRIES TEXTILES LIMITED
COMPANYSECRETARYHead Office: 38-Empress Road, Lahore-54000 Pakistan. Tel: (+92-42) 36304561-2 Fo: ‹+e2-42) 36367881 Factory: Rehman Shaheed Road, Gujrat-Pakistan. Tel: (+92-53) 3724662, 3724665
SERVICE INDUSTRIES TEXTILES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30, 2025
CAPITAL AND LIABILITIESShare Capital and Reserves
Authorized share capital
Note
2025
Rupees
2024 Rupees20,000,000 (2024: 20,000,000) ordinary shares of Rs. 10 each
Issued, subscribed and paid up capital Share premium reserve Accumulated loss Surplus on revaluation of property, plant and equipment Non Current Liabilities Long term financingPost employment benefit obligations Deferred tax liability
_ 00 000 000 00 000
137,875,670 137,875,670
18,676,816 18,676,816
(381,898,671) (318,533,836)
6 1,240,450,974 1,073,333,474
1,015,104,789 911,352,124
11,149,370 | 19,213,153 |
30,760,054 | 24,354,001 |
69,452,037 | 45,915,029 |
8
g
Current Liabilities
Trade and other payables Unclaimed dividends Unpaid dividends Short term borrowings Current portion of lonp term financing Accrued markup Provision for taxationContingencies and Commitments
111,361,461
493,942,499 | 404, 136,999 |
232,987 683,629 | 232,987 683,629 |
21,543,000 | 26,720,000 |
12,258,575 | |
i1,75o,ooo | |
12,013,439 | |
8,782,300 | |
17,131,434 | |
16,766,470 |
10
11
7
12
557,805,563
13
89,482, 183
469,072,385
Total Equity and Liabilities
ASSETS
Non Current Assets
Propert:y, plant and equipment Long term deposits
Current Assets Stores and spares Stock in trade1,684,271,813 1,469,906,692
lR 1,491,622,657 1,284,419,194
15 27,337,243 23,564,083
1,518,959,900 1,307,983,277
3,705,447 | 3,569,118 |
67,879,793 | 65,567,338 |
7,112,902 | 3,239,253 |
66,952,927 | 65,199,860 |
19,660,844 | 24,347,846 |
16
17
Trade debts Advances andprepayments 18
19
Cash and bank balancesTotal Assets
20
165,311,913 161,923,415 1.684.271.813 1.469.906.692
C IE FINANCIAL OFFICER
The a exed notes from 1 t 41 form an integral part o these financial st e nts.
C EFEXECUW F ER DIRECTOR
SERVICE INDUSTRIES TEXTILES LIMITED
(9,507,231) | (9,069,761) |
(45,357,515) | (34;700, 190) |
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
2025 | 2024 | ||
Note | Rupees | Rupees | |
Revenue | 21 | 1,370,514,683 | 1,341,317,598 |
Cost of sales | 22 | (1,364,920,948) | (1,376,556,469) |
Gross Profit / (Loss) | 5,593,735 | (35,238,871) | |
Operating expenses: | |||
- Distribution cost | 23 | ||
- Administrative expenses | 24 | ||
(54,864,746) | (43,769,951) | ||
Operating Loss | (49,271,011) | (79,008,822) | |
Finance cost | 25 | (10,583,512) | (12,262,287) |
Other operating expenses | 26 | (1,420,862) | (1,579,670) |
Other income | 27 | 103,904 | 131,266 |
(11,900,470) (13,710,691) | |||
Loss before Levy and Taxation | (61, 171,481) | (92,719,513) | |
Levy | 28 | (17, 131,434) (16,766,470) | |
Loss before Taxation | (78,302,915) | (109,485,983) | |
Taxation | 29 | 5,402,842 | 8,841,956 |
Net Loss for the Year
Loss per Share - Basic and Diluted
(72,900,073) (100,644,027)
30 29
IEF EXECUTIVE FFICER
The annexed notes from 1 to 41 form an integral part of these financial statements.
CHIEF FINANCIAL OFFICER
SERVICE INDUSTRIES TEXTILES LIMITED
STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
2025
Rupees
2024 RupeesNet Loss for the Year
Surplus on revaluation of property, plant and equipment Less: Related deferred tax impact
Experience adjustment on remeasurement of post employment benefits obligation
Less: Related deferred tax impact
Total Comprehensive Loss for the Year(72,900,073)
(2,028,779) | 2,634,804 | ||
588,346 | (764,093 | ||
(1,440,433} | |||
1,870,711 |
176,652,738
103,752,665
(100,644,027)
1,870,711
(98,773,316)
The annexed notes from 1 to 41 form an integral part of these financial statements.
IEF EXECUTIVE FFICER
DIRECTOR
FINANCIAL OFFICER
SEltV1CE INDUSTRIES TEXTILES LIMITED
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025
Particulars | Issued, Subscribed and Paid up Capital | Reserves | Surplus on Revaluation of Property, Plant and Eauigment | Total | |
Share premium reserve | Accumulated IosS | ||||
Balance as at3une 30, 2023 | Rupees 137,875,670 | Rupees 18,676,816 | Rupees (233,221,606) | Rupees 1,086,794,560 | Rupees 1,010,125,440 |
Net loss for the year | (100,644,027) | (100,644,027) | |||
Other comprehensive income for the year | 1,870,711 | 1,870,711 | |||
Total comprehensive loss for the year | (98,773,316) | (98,773,316) | |||
Transferred from surplus on revaluation of propert:y, plant | |||||
and equipment on incremental depreciation charged in | |||||
current year - net of deferred tax | 13,461,086 | (13,461,086) | |||
Balance as at 3une 30, 2024 | 137,875,670 | 18,676,816 | (318,533,836) | 1,073,333,474 | 911,352,124 |
Net loss for the year | (72,900,073) | (72,900,073) | |||
Other comprehensive income for the year | (1,440,433) | 178,093,171 | 176,652,738 | ||
Total comprehensive income for the year | (74,340,506) | 178,093171 | 103,752,665 | ||
Transferred from surplus on revaluation of property, plant | |||||
and equipment on incremental depreciation charged in current year - net of deferred tax
10,975,671
(10,975,671)
Balance as at 3une 30, 2025
The annexed notes from 1 to 41 form an integral part of these financial statements.
13 87 670 1 6 6 816 381 898 67 1 40 450 974
1 015 104 789
IEF FINANCIAL OFFICER
HIEF EXECUTIVE FFICER DIRECTOR
SERVICE INDUSTRIES TEXTILES LIMITED
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025
2025
2024
CASH FLOWS FROM OPERATING ACTIVITIESNote
Rupees
Rupees
Loss before levy and taxationAdjustments for:
Depreciation
Post employment benefit obligations
Asset written off
Finance cost
Operating loss before working capital changes (Increase) / decrease in current assets:
Stores and spares Stock in trade Trade debts
Advances and prepayments
Increase in current liabilities:Cash Generated from Operations | 72,684,851 | 48,691,402 |
Income tax paid | (17,822,331) | (16,254,499) |
Finance cost paid | (61,547) | (24,112) |
Long term deposits paid | (3,773,160) | (4, 197,060) |
Trade and other payables
Post employment benefit obligations paid
(61, 171,481) (92,719,513)
35,237,249 | 37,576,657 |
10,760,354 | 12,049,886 |
220,862 | 579,670 |
10,583,512 | 12,262,287 |
14
8
25
56,801,977 62,468,500 (4,369,504) (30,251,013)
(136,329) | 434,035 |
(2,312,455) | (5,776,154) |
(3,873,649) | (1,622,808) |
(697,206) | (32,881,599) |
84,073,994 | 118,788,941 |
77,054,355 78,942,415
8 (6,383,080) (6,729,390)
Net Cash Generated from Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment
Net Cash Used in Investing Activities
CASH FLOWS FROM FINANCING ACTIVITIES
Long term financing - paid to related parties Short term borrowings - net
14 | (34,819,345) | (4,072,000) |
(34,819,345) | (4,072,000) |
44,644,733
21,486,341
(9,335,390) (5, 177,000) | (12,250,000) |
Net Cash Used in Financing Activities
Net (Decrease) / Increase in Cash and Cash Equivalents
Cash and cash equivalents at the beginning of the year Cash and Cash Equivalents at the End of the Year
31 (14,512,390) (12,250,000)
(4,687,002) 5,164,341
24,347,846 19, 183,505
9 660 844 24,347,846
The annexed notes from 1 to 41 form an integral part of these financial st ements.
IEF EXECUTIVE ltFICER DIRECTOR HI F FINANCIAL OFFICER