ANNOUNCEMENT
November 6, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi. 74000.
SUBJECT: FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED SEPTEMBER 30, 2025Dear Sir,
It is to inform you that the 8oard of Directors ofSiddiqsons Tin Plate Limited (the "Company") in their meeting held on November 6, 2025 at 12:00 PM at registered office 27"' Floor, Ocean Tower and Mall, Clifton, Karachi has approved the following:
CASH DfVIDEND
- BONUS SHARES
RIGHT SHARES
- ANY OTHER ENTITLEMENT
- ANY OTHER PRICE SENCETIVE INFORMATIONS
NIL NIL NIL NIL NIL
The financial results of the Company for the quarter ended September 30, 2025, are attached herewith along with the following:
Statement of Financial Position
Statement of Cash Flows
» Statement of Changes in Equily
Furthermore, the Company's quarterly report for the period ended September 30. 2025 will be transmitted through PUCARS separately and will also be made available on Company's website within the specified time.
Yours Sincerely.
FOR SIDDIQSONS TIN PLATE LIMITED
Ay a
Company Secretary
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED)
AS AT SEPTEMBER 30, 2025
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment Long term deposits
Long term advance
CURRENT ASSETS
Stores, spares and loose tools
September 30,
Note 2025
(Un-audited)
--- --- Rupees --
6 3,325,425,295
9,589,651
6,198,452
3,835,014,946
JUNE 2024-25
(Audited)
3,332,268,49d
9,589,651
7,47B,925
3,341,858,147
Stock-in-trade | 7 | 253,472,322 | 201,624,373 | |||
Trade debts | 8 | 198,491,177 | 194,012,398 | |||
Advance income tax | 9 | 319,119,3g7 | 305,583,994 | |||
Loans and advances | 10 | 31,248,098 | 34 ,6T9,744 | |||
Trade deposits and prepayments | 11 | 10,453,480 | 22,643,194 | |||
Other financial assets | 12 | 214,242,835 | 214,242,835 | |||
Other receivables | 20,432,081 | 4,145,436 | ||||
Sales tax adjustable | 66,006,255 | 94,777,530 | ||||
Gash and bank balances | 32,396,685 | 34,396,664 | ||||
1,153,431,164 | 1,109,304,620 | |||||
TOTAL ASSETS | 4,488,446,110 | 4 451 162 767 | ||||
ZQUITY AND LIABILITIES | ||||||
SHARE CAPITAL AND RESERVES | ||||||
Share capital | 1:3 | 2,292,†87',70O | 2,292,787,700 | |||
Share premium | 301,517,286 | 301,517,286 | ||||
(Accumulated loss) / unapproprialed profit | (1,6T8,117,834) | (1,686,848,905) | ||||
916,187,152 | 907,461,081 | |||||
HON-CURRENT LlABlLillES | ||||||
Long-term finances Lease Liabilities | 14 | 45,620,659 4,618,890 | 45,618,659 | |||
50,239,549 | 50,237,549 | |||||
CURRENT LlABfLlTlES | ||||||
Trade and other payables | 15 | 1,058,656,204 | 1,081,761,477 | |||
Contract liabilities | 2,455,547 | 2,455,547 | ||||
Due to director | ||||||
Due to associate | 1,410,383,794 | 1,379,B83,794 | ||||
Interest / mark-up accrued on borrowings | 16 | 23,297,7$8 | 28,391,229 | |||
Short-term borrowings | 17 | 995,205,669 | 968,951,633 | |||
Current portion of long term finances | 26,117,414 | 26,117,41A | ||||
Current portion of lease liabilities | 4,108,119 | 4,108,119 | ||||
Unclaimed dividend | 1,794,924 | 1,794,924 | ||||
3,522,019,409 | 3,493,464,137 | |||||
TOTAL EQUITY AND LfABlLITIES | 4,4B8,446,110 | 4 451 152 767 | ||||
CONTINGENCIES AND COMMITMENTS | 18 | |||||
DIR CTOR
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
FOR THE THREE MONTHS' PERIOD ENDED SEPTEMBER 30, 2025
Note
2025 2024
--- ---------- Rupees -- ---
Revenue from contract with customers - net | 19 | 639,401,530 | 223,431,553 |
Cost of goods sold | 20 | (548,941,051) | (245,580,696) |
Gro•a profit | 90,460,479 | (22,149,143) | |
Distribution cost | (979,004) | (3,631,882) | |
Administrative expenses | (16,538,759) | (31,598,652) | |
Finance cost | (64,168,088) | (84,919,079) | |
Other income | 9,S42,466 | 13,226,855 | |
(Loss) / profit before levies and taxation | 18,317,094 | (129,071,901) | |
Profit before taxation | 18,317,094 | (129,071,901) | |
Taxation | (9,591,023) | (2,871,661) | |
Profit for the Quarter | 8,726,071 | (131,943,562) | |
Other comprehensive income | |||
Total comprehensive income for the year | 8,726,071 | (131,943,562) | |
Earnings per share - Basic and diluted | 21 | 004 | (0.58) |
DIREG
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-Audited)
(1,280,473) | 269,140 |
(51,647,949) | g2,89B,838 |
(4,478,779) | (67,615,801) |
¥31,648 | (M,005,954) |
(10,286,6d6) | (t0,708,308) |
28,681,275 | 4 ,312,247 |
(23,105,273) | (10,882,J8B) |
185.948,119 |
Three montha ended | ||||
September 30, | sePtember 30, | |||
2025 | 2024 | |||
- - Rupees - | ---- | |||
A, CASHFLOWS FROM OPERATING ACTIVITIE9 | ||||
Profit before levies and taxation | 1B,317,084 | (129,071,902) | ||
Adjustments for non cash and other Items: | ||||
Depreciation on property, plant and equipment | 6,84b,18f | 8,112,983 | ||
Flnanoe cast | 84,919,07g | |||
Other Income (13,22¥,85S) | ||||
Operating Cash flows before movement in working capital | 79,787,897 | (48,968,6e5) | ||
Changes In working capital | ||||
Decrease / (Increase) In current assets | ||||
Stores, spares and loose tools | ||||
Stock-tn-trade | ||||
Trada debts | ||||
Loans and advances | ||||
Trada deposits and prepayments Other reciavable | ||||
Sales tax adjustable | ||||
Increasa/ (Decrease) in current liabilities | ||||
Trade and other payables | ||||
Due to Director | ||||
Due to associates | ||||
Contract liabilities | ||||
4Bfi,2S6,793 | ||||
Cash generated from oparations | 54,5B1,413 | 120,290,098 | ||
Income ax and levias paid | (23,120,336) | (9,007,511) | ||
tnteest/ msrXup paid | t69,281,5Y9) | (80,252,550) | ||
Tax refund f0ceivdd during the year | ||||
Net cash Used in operating activities | (37,798,501) | 31,030,037 | ||
B. CASH FLOWS FROBI INVESTING ACTIYtTlES
Addmons to capital worx in progress Profit on Bank deposits and TDR
Three.months ended September 30, September 30,
2025 2O24
-- - Rupeea -•--
13,228,855
Net cash generatad from/(used in) investing activities
c. CASH FLOWS FROM FINANCING ACTIVITIES
Long term finances-net
Loan to and from ralated parties-net Short-term borrowings - nat
Net cash used in financing activities
Net increase / tdecrease) in cash and caah equivalent (A+B+C) Cash and cash equivalents at beginning of the year
Cash and cash equivalents at end of the period
Cash and cash equivalents
Cash and bank balances Short tern running finance Bank overdraft
8,W2,M8
{5,223,T8Z)
(5,223,702)
(33,477,7B8)
(573,125,517)
(80e,so3,3‹sj
32,3B0,58S
(639,000,000)
13,22G,B5b #
(8,837,128)
24.2,398,4.99
(137,982,602) 97,798,g71
142,oss,zs3
(300,086,674)
(158,029,91t)
62,474,200
Te.m deposit certificates
S0,000,000
(358,037,910)
The annexed notes 1 to 2'i form an Integral part of these condensed interim financial statements.
TOR
CHIEF EXECUTIVE OFFICER CH(EF FINANCIAL OFFICER
CONDENSED INTERIM STATEMENT OF CHANGE9 IN EQUITY (UN•AUDITED)FOR THE TI4REE MONTHS' PERiOD ENDED GEPTEMBER 30, 2025
lasued, subssribad and pald up capital
premium (Accumulated
Total
Rupeea | |||
2,2g2,787,700 | 301,517,286 | (1,431,727,445) | 1,162,577,541 |
- | - | (131,s43,562) | (131,943,582) |
(131,B43,EG1) | (131,943,562) | ||
2,282,787,700 | 301,517,286 | (1,S83,a71,007} | 1,030,633,979 |
Balance as at July 1.2024 Total Compfefjenelve Income
Profit for ihe three months ended September 30, 2024
Other comprehensive income
Balance aa at September 30, 2D24
TetelCompmhensvatncoma | ||||||
(Loss) for the year ended June 30, 2025 | - | (256,'I14 0) | (26b.116A60) | |||
Othercomprehensfla Income | - | |||||
(25$,11g1b0) | (266,11€,480) | |||||
Balance aa at June 30, 10Z6 | 3,292,767,700 | 901,517,266 | (1,6B9,M3,906) | 907,46J,OB1 | ||
Total Comprahenslve income | ||||||
Profit for the three month's anded Septembar 30, 2025 Other comprehensive Income | 8,738,07'l | |||||
Total Compraheneive Inceme | 8,728,071 | |||||
ealanceasmSaptembet30,zoc | 2,z4z,Y8Y,700 | 30•I,btY,2B6 | t1,678,t17.834) | e1&,187.151 | ||
The annexed notes to 25 form an Integral pert of theae condensed Interim financial Statements.
CHIEF EXECUTIVE OFFICER
DIR CTOR
CHiEF FTMANCtAI- OFFICER