Financial Results for the Year Ended June 30, 2025

Nov 7, 2025 at 4:13 AM UTC · Issued by Siddiqsons Tin Plate Limited

Registered Office: Ocean Tower 27th Floor, Plot f G-3, Block # 9, Near II Talwar, CliAon. Karachi. PABX (92-2 1) 35166571 -5 E-mail: tinplare@siddiqsonstinplate,com, Website: http://www.siddiqsnntinptate,coni

ANNOUNCEMENT

November 6, 2025

The General Imager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road

Karachi, 74000.

SUBJECT: FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2025

We have to inform you that the Board ofDirector of our Company in their meeting held onNovember 6, 2025 at 12:00, at Ocean Mall and Tower, Karachi recommended the following:

CASHDIYIDEND NIL

BONUS SHARES NIL

RIGHT SHAR£S NIL ANV OTHER ENTITLEMENT NTL

Incompliance to yourNotice No. PSX/No. 0d2 dated January IO, 202J, we enclose herewith the following;

Financial Results (including statements ofProfits andLoss)
Statement ofFinancial Position
Statement ofCash Flow
Statement ofChanges in Equity

The Annual General Meefing ofthe Company will& held onNovember 27, 2025 at 12:00 PM at theOcean Mall, Clifton, Karachi

The Share TraazFer Books ofOrdinary Shares of the Company wit) remain closed from Ocotber 30, 2025 to November 6, 202S share transfer books of the Company will be closed from October (both days inclusive). Transfers received at the Company's Registrar, M/S. THK Associates (Pvt) Limited, Plot No. 32-C Jami Commercial Street 2, D.H.A., Phase VII, Karachi at the close of business on October 29, 2025 will be considered in time.

Plant: Plot No. 5, Special Industrial Zone, Winder, Distt. Lasbella, L.1 E.D.A., Baluchistan Tel: 0853-361130. 361128 Fax. 0853-361073

The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.

Thanking you.

Yours Sincerely,

For SIDDIQSONS TIN PLATE LIMITED

Ayesba Khan

Company Secretary

Plant: Plot No. S. Special IndustrialZone, Winder, Oisti. Lasbella, L I.E D A., Baluchistan.

Tel: 0853-361130, 3é›11 28 Fax: 08J3-36l 073

SlDDfQSONS TIN PLATE UMITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025

2015 2024

A99ET9

NON-CURRENT ASSETS

Properly, plant and equipment 5

Long term deposits

Long term advance 6

Deferred taxation 19

CURRENT ASSETS

Stores, spares end loose tools 7

Trade debts

Advance income tax 10

Loans and edvancae 11

Trade deposits and prepeyments 12

Other financial assets 13

Olher receivables 14

Salas tax adjustable

Cash end bank balances 15

TOTAL ASSETS

EQUITY AND LlABILITiES

SHARE CAPITAL AND RESERVES

Share capital 16

Share premium Accumulated loas

NOH•CURRENT LIABILITIES

Long-term finances 17

Lease liabiiitie9 18

CURRENT LIABIMTIES

Trade and other payablee 20

Contras! liabilities

Due to direC(or 21

Oue to associate 22

interest / mark-up accrued on borrowings 23

Short-term borrowings 24

Current portion of ^4 rrn finenoes 17

Current portion of lease IiabJlities 18

Unclairned dividend

TOTAL EQUITY AND LIABIMTiES

CONTINGENCIES AND COMMITHEMTS 25

CHIEF FINANCIAI. OFFICER

The annexed notes from 1 to 47 form an integral part or the6e financial g!atements.

CHIEF EXECUTIVE OFFICER

3,342,02g,792

6,198,452

201,624,373

191,012,378

306,683,994

2z,6a3,19J

4,145,438

94,777,630

34,308,685

1,109,304,820

4,151,333.412

2,Z92,7B7,700

301,517,288

(1,686,B43,905)

907,461,081

60,257,649

1,081,932,122

28,391,229

968,951,633

26,117,414

4,108,110

1,794,924

3,4B3,634,782

1,451,333/12

3.368.557,318

10.066.221

3,378.623.540

7,748,065

201,427,670

38,183,245

221.151,178

5,951,489

40,600.022

264.564.407

10,841,05e T45,473,817 43,080,734

1,059,867,694

4,438,521,234

2,292,787,700

301,517,286

(1,431,727.445) 1,162,577,541

142,200,968

8,727,268

150,928,236

1,019,149,745

30,021,ZOS

352,000,000

ss,zse,s8g

108,805,431

1,490,019,036

68,720,620

3,267,901

1,794,924

3,125,015,457

4,438,521,234

SIDDIQSONS TIN PLATE LIMITED

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025

2025

2024

Note

Revenue from contract with customers - net

2,023,042,218

4.075.584,855

Cost of goods sold

(1,801,261,623)

(4,131,054,889)

Gross profit / (loss)

221,780,595

(55,470,034)

Distribution cost

(15,532,752)

(19,142,370)

Administrative expenses

(111,368,581)

(137,442,941)

1mpairment loss 5.2.1 & (306,131,883)

5.2.3

Advances written off

(963,815)

Provision for expected credit tosses

9.1

(2,146,537)

(68,249,940)

Provision against contingency

25.2

(820,968,027)

Other expenses

(9,376,473)

(47,454,275)

Finance cost

(382,985,923)

(596,185,739)

Other income

70,765,054

53,751,044

Loss before levies and taxation

(229,828,432)

(I ,997,294,165)

Levies

(25,288,028)

(51,600,775)

Loss before taxation

(255,116,460)

(2,048,894,940)

Taxation

(9,604,195)

Loss for the year

(255,116,460)

(2,058,499.135)

Other comprehensive income

"otal comprehensive loss for the year

(255,116,460)

(2.058,499,135)

Loss per share - Basic and diluted

(1.11)

(8.98)

The annexed notes from 1 to 47 form an integral part of these financial statements.

CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICE

siooiasoxs TIN PATE LIMITED

STATEMENT OF CASH FLOWS

rOR THE YEAR Et4DED JUNE 30, 2025

Note

2020 2024

------ --- Rupeee -• ---

A. CASH FLOWS FROM OPERATiNG ACTIVITIES

Loss before levies and taxation

Adjustments for non cash and other Items:

(228,828,432)

(1,807.284,155)

oepreCiation on property, plant and equipment

33,866,843

37,127,901

Finance cost

596,185,739

Workers' profit participation fLtnd

Workers' welfare fund expense

15.253,831

Provision for expected credit loss

e.1

2,146,637

68,246,640

Reversal I provision for slow moving store6 and spares

7.1

1,549,613

(6,108,172)

Provision for advance against lelter of credits' fee and expenses

1 1. 7

15,747.084

Advances written off

2,093,905

Profit on bank deposits and TOR

(44,829,581)

(43,225,050)

Gain on disposal of property, plant and equipment

(4,567,645)

(772,870)

Advance taa written orr

101

10,001,887

Stability wntten dack

(24,448,491)

(1,634,327)

Unrealized exchange loss I (gain) on foreign currency account

107,567

Unrealized exchange loss / (gain) on foreign trade recievables

4,249,091

Impairment loss on capital work in progress Advances written oW

5.2.1 8 5.2.3

963,815

306,131,883

Operating cash flows before movement in working capite|

117,638,671

(695,884,846)

Changes in working capital

Decrease I (Increase) in current assata

Stores, spares and ioose toois

19,346,206

Stock-In-trade

79,803,297

604.134,005

Trade debts

{t67,995,670)

75,863,857

Loans and advances

(26,215,469)

10,286,372

Trade deposits and prapayments

18,052,828

7,978,166

Sales tax adjuslable

50,896,287

1 12,711.7 19

630,323,448

fDecrease) / Increase in current TTabilities

Trade and other payables

62,782,376

457,426, 141

Contract inabilities

(37,565.658)

(3.757,177)

Sales tax payable

Casb generated mom operations

117,196,542

268.107,586

Income tax and levies paid

10.1

(109,720,846)

(82, 550 822)

interest / markup paid

(315,572,407)

(572.118,655)

Tax refund received during the year

10.1

45.876,U25

Net cash used in operating activities

(306,096,711)

(320,672,266)

2025 2024

f4ote --------------------- R•per -----------------------

B. CASH FLOWS FROM INVESTIF IG ACTIVITIES

Additions to property, plant and equipment

(931,020)

(25,353.436)

Adjustment against margin released from bank

522

33.673, 937

Proceeds from disposal of progeny. piano and equipment

7,950,000

939,786

Addition to iong term deposits

(10,000)

Recovery against letter or cred‹l

408,400 347

Investment of term deposit certifcat+s - new

321,572

(9,040.667)

Profit on oanh deposits and TOR received

51,525,214

41,582,403

Net cash generated from investing activities

58,865,766

440 I 62,370

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of long-term finances-Nel

(139,185,524)

(320,621,fi43j

Lease rentals paid

(3,268,160)

4go,s84

Loan obtained from director

567,000,000

700,000,000

Loan repaid to director

(919,000,000)

(542,000,000)

Loan obtained from associate

1,639,701,218

9,032. 758

Loan repaid to associate

(43J,43Z,236)

(235.078,167)

Unclaimed dividend paid

(63,777)

Short-term borrowings - net

(534,623,197)

G27,486,81 3

Net cash generated from financing activities

176,191,102

236, 105,300

Net (decrease) / increase in cash and cash equivalents (A +B+C)

(73,039,843)

355,715.374

Cash and cash equivalents at beginning nf the year

(500.085,674)

(855.693,48 1 )

Cash and cash equivalents at end of the year

(573,125,517)

(500,08 5,674)

Cash and cash equivalents

Cash and bank balances

34,396,685

43, 880,734

Short term running finance

(607,522,202)

(593,966,408)

Term deposit certificates

50,000,000

(573,125,517)

(500,085,674)

The annexed notes from T tu 4"7 form an inteerai part of these financial statements

CHIEF E EQUT!VE OFFICER CHIEF FtNANCIAL OFFICER

SIDDIQSONS TIN PLATE LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025

Issued,

Reserves

Capital Revenue

subscribed and

paid up capital

premium

Accumulated loss Total

-----------------------------------------Rupees-----------•---------------•---------

Balance as at July D1. 2D24	2,292, 787, 700	301,517.286	626,771.690	3.221 076 676
Total Comprehensive loss for the year ended June 30. 2024
Loss for the year			(2, 058.499,135)	(2, 058.499,135)
Other comprehensive income
Total comprehensive loss for the year			(2, 058.499,135)	(2,D58.499.135)
Balance as at June 30, 2024	2,292,787,700	301,517,286	(1,431,727,445)	1,162,577,541
Total Comprehensive loss for the year ended
June 30, 2025
Loss for the year Other comprehensive income			(255,116,460)	(255,116,460)
Total comprehensive loss for the year			(255,116,460)	(255,1 16.460)
Balance as at June 30, 2025	2,292,787,700	301,517,286	{1,686,843.905)	907,461,081

The annexed notes from 1 to 47 form an integral part of these financial statements.

DIR T

CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER

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