SIEMENS
Siemens (Pakistan) Engg. Co. Ltd.,
CUIN. Reg. No. 0000617; Reg. Address: B-72, Estate Avenue, S.I.T.E., Karachi Name
Department
Babar Aijaz Corporate Secretariat
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Telephone E-mail Internet
Your letter of Our reference Date
92(21) 32592173
babar.aijaz@siemens.com https://www.siemens.com.pk
CS/Ext/2025/413 May 23, 2025
3O7m - 7
Subject: Un-audited Financial Results for the Half Year Ended March 31, 2025
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on May 22, 2025 at 4:30 p.m. at Karachi, Pakistan has approved the Un-audited Condensed Interim Financial Statements for the half year ended March 31, 2025.
The Financial results of the Company are as follows:
Cont in uin g op eration s
(569,624) | (416,T71) | (350305) | (24 1,767, |
69,528 | (39,034) | 38,105 | (19,4 57, |
(80,466) | (27,2B5) | (62,832) | (19,6 51 |
(580,562) (483,090) (37 51 12) (28D 875 | |||
Net sales and services Cost of sales and services
Six months period ended Three months period ended March 31, March 31, March 31, March 31,
ZO25 2024 2025 2024
---------------------------- (Ru pees in '000) -----------------------------
3,293,5B9 5,016,550 1,700,411 2,37 1,823
(2,608,254) (4,160,663) (1,63 5,189) (1,882,1 02)
Gross profit | 685,3 35 | 855,8B7 | 6S,222 | 489,721 |
Marketing and selling expenses | ||||
Reversal of / (allowance for) expected credit losses | ||||
General administrative expenses | ||||
104,773 | 372,797 | (309,89 0) | 208,846 | |
Other income | 03 | 1 | 1 | 5 9 |
Other operating expenses
Net other operating (expenses) / income Operating profit / (loss)
Financial income Flnanclal expenses
Net financial income / (e xpenses)
1 OO 1 1 144 5 0
(17,097) (11,GO5) 2,256 7,54 i 87,676 361,192 (307,634) 216,391
20 2) 9 0 3) 6 4
112,93 5 (525) 101,872 (3,424 )
Profit / (loss) before levy and in come tax
from con tinuin g operatio ns
Levy
200,611
(5B,843)
3C0,G67
(153,674)
(205,762)
212,967
(?'5,3O7)
Profit / (loss) before income tax
from continuing operations
Income tax
141,768
2OG,993
( 13,769)
(233.061)
(226,OQ2)
1 37,660
(275,5 OS)
Net (Ios s) / profit for the period
from continuing operation s Discontin ued aperation s
(14O ,764)
193, 2 24
(459,06 3) (1 37,84 5)
Net profit / (loss) for the period from discon tinued aperatlons
724,OB7 (1,76O,8 57)
(34 2,8 3B)
Net profit / (loss) for th e period | 583.323 | (1,567,633) (423,310) (480,683) | ||
Basic and diluted earnings / (los s) per sha re (Rupees) | 70.73 | (190.O8) (58.29) | ||
Basic and cJiluted (loss) / earnings per share from contlnulr1g operations (Rupees) | (17.07) | 23.43 (55.66) ( 16.71) |
Page 1 of 2
SIEMENS
Siemens (Pakistan) Engg. Co. Ltd. ,
The unaudited condensed interim financial results for the half year ended March 31, 2025 as approved by the Board of Directors along with statement of Financial Position, Statement of Changes in Equity and Statement of Cash Flows of the Company are appended as Annexure A.
Sye Muh m ad san Ghazali Chi f Financi I O " er
Babar Aijaz Company Secretary
The half yearly report of the Company for the period ended March 31, 2025, will be transmitted through PUCARS separately, within the specified time.
CC: Executive Director/HOD, Offsite-II Department, Supervision Division,
Securities & Exchange Commission of Pakistan, 63, NIC Building, Jinnah Avenue, Blue Area, Islamabad
Siemens (Pakistan) Engg. Co. Ltd. Corporate Secretariat
Head: Babar Aijaz
Postal address:
Siemens (Pakistan) Engg. Co. Ltd. B-72, Estate Avenue,
S.I.T.E., Karachi Karachi - 75700
Office address:
Siemens (Pakistan) Engg. Co. Ltd. B-72, Estate Avenue,
S.I.T.E., Karachi.
Tel: 92(21) 111-077-088
Siemens (Pakistan) Engg. Co. Lid., MD: Syed Muhammad Daniyal; CFO: Syed Muhammad Artsan Ghazali; Company Secretary: Babar Aijaz CUIN. Reg. No. 0000617; Reg. Address: B-72, Esfate Avenue, S.I.T.E., Karachi, Phone: UAN: 92(21) 111-077-088.
Siemens (Pakistan) Engineering Co. Ltd.
Condensed Interim Statement of Financial Position
As at March 31, 2025
March 31, September 30,
2025 2024
(Unaudited) (Audited)
Equity and liabilities
Share capital and reserves Share capital
Authorised
Note •------- (Rupees in '000) --------
20,000,000 (September 30, 2024: 20,000,000) Ordinary shares of Rs 10 each
Issued, subscribed and paid-up
8,247,037 (September 30, 2024: 8,247,037) Ordinary shares of Rs 10 each Reserves
200,000
82,470
200,000
82,470
Capital
Revenue
Total equity
Non-current liabilities
Lease liabilities * Deferred liabilities Retention money
624,192 624,192
5,273,474 4,690,151
5,897,666 5,314,343 5,980,136 5,396,813
398,120 | |
740,279 | 863,634 |
105,837 |
6
Current liabilities
Trade and other payables Contract liabilities
Current portion of lease liabilities Short-term borrowings Provisions
Taxation - net Unclaimed dividend
1,138,3996,736,510 | 15,175,613 |
1,655,576 | 4,105,624 |
23,944 | 20,079 |
- | 4,000,497 |
301,156 | 960,212 |
781,244 | 839,375 |
29,825 | 29,828 |
8
9
6
10
11
969,471
Total liabilities
Contiqgencies and commitments Total equity and liabilities
Assets
Non-current assets
9,528,255 25,131,228
10,666,654 26,100,699
12
16,646,790 31,497,512
Property, plant and equipment Right-of-use assets
Intangible assets
13 207,763
14 485,952
395,695
14,265
6,329
Long-term loans and trade receivables Long-term deposit
Deferred tax asset - net
15 - 2,253,196
22,50016 879,377 1,461,188
1,595,592 4,130,673
Current assets | |||
Inventories | 17 | 1,417,995 | 1,857,824 |
Trade receivables | 18 | 2,416,139 | 15,189,763 |
Contract assets | 19 | 307,495 | 3,026,608 |
Loans and advances | 12,033 | 365,783 | |
Deposits and short-term prepayments | 165,143 | 172,529 | |
Derivative financial | 20 | - | 764,944 |
Other receivables | 21 | 2,169,687 | 1,682,190 |
Cash and bank | 22 | 8,562,706 | 4,307,198 |
15,051,198 | 27,366,839 | ||
Total assets | 16,646,790 | 31,497,512 | |
The annexed notes from
an integral part of these condensed interim financial statements.
Sye Muham a hsan Ghazali Chief Financial Officer
Adnan
Directo
Siemens (Pakistan) Engineering Co. Ltd.
Condensed Interim Statement of Profit or Loss (Unaudited) For the six months period ended March 31, 2025Continuing operations
Net sales and services Cost of sales and services Gross profit
Marketing and selling expenses
Reversal of / (allowance for) expected credit losses General administrative expenses
Other income
Other operating expenses
Net other ojgerating (expenses) / income Operating profit / (loss)
Six months period ended Three months period ended March 31, March 31, March 31, March 31,
2025 2024 2025 2024
Note ---------------------------- (Rupees in '000) -----------------------------
28 3,293,589 5,016,550 1,700,411 2,371,823
(2,608,254) (4,160,663) (1,635,189) (1,662,102)
685,335 855,887 65,222 489,721
(569,624) | (416,771) | (350,385) | (241,767) |
69,528 | (39,034) | 38,105 | (19,457) |
(80,466) | (27,285) | (62,832) | (19,651) |
(580,562) (483,090) (375,112) (280,875)
104,773 372,797 (309,890) 208,846
203 | 6,518 | 112 | 2,519 |
(17,300) | (18,123) | 2,144 | 5,026 |
(17,097) (11,605) 2,256 7,545
87,676 361,192 (307,634) 216,391
Financial income Financial expenses
Net financial income / (expenses)
Profit / (loss) before levy and income tax
24
133,827 | 8,478 | 118,729 | 938 |
(20,892) | (9,003) | (16,857) | (4,362) |
(525) 101,872
(3,424)
from continuing operations
Levy
200,611 360,667 (205,762) 212,967
25 (58,843) (153,674) (27,299) (75,307)
Profit / (loss) before income tax
from continuing operations
Income tax
Net (loss) / profit for the period from continuing operations
Discontinued operations
Net profit / (loss) for the period
from discontinued operations Net profit / (loss) for the period
141,768 206,993 (233,061) 137,660
26 (282,532) (13,769) (226,002) (275,505)
(140,764) 193,224 (459,063) (137,845)
5.1 724,087 (1,760,857) 35,753 (342,838)
583,323 (1,567,633) (423,310) (480,683)
"" Basic and diluted earnings / (loss) per share (Rupees)
70.73(190.08)
(51.33)(58.29)
Basic and diluted (loss) /
from continuing
per share
(17.07)
23.43
(55.66)
(16.71)
The annexed notes from 1 form an integral part of these condensed interim financial statements.
Syed M hamm d hsan Ghazali hief Financial Officer
Adna ridi Direc
T^t
Siemens (Pakistan) Engineering Co. Ltd.
Condensed Interim Statement of Comprehensive Income (Unaudited)
For the six months period ended March 31, 2025
Six months period ended Three months period ended
March 31, | March 31, | March 31, | March 31, |
2025 | 2024 (Rupees | 2025 in '000) | 2024 |
Net profit / (loss) for the period Other comprehensive income
Total comprehensive profit / (loss) for the period
583,323 (1,567,633) (423,310) (480,683)
583,323 (1,567,633) (423,310) (480,683)
Syed M amma
niyal
anaging me tor
The annexed notes from 1 to 34 form an integral part of these condensed interim financial statements.
Syed /luhamrha Ahsan Gh Chief Financial Officer
Adna' ridi Diréct
azali
Siemens (Pakistan) Engineering Co. Ltd.
Condensed Interim Statement of Cash Flows (Unaudited)
For the six months period ended March 31, 2025
Six months period ended March 31, March 31,
2025 2024
Note ---------- (Rupees in '000) ----------
Cash flows from operating activities Cash generated from / (used in) operations | 28 | 1,383,957 | (5,614,277) |
Financial expenses paid | (905,235) | (480,074) | |
Levy and income tax paid | (362,822) | (552,771) | |
Payment to Workers' Profit Participation Fund (WPPF) | (38,269) | ||
Payment to Workers' Welfare Fund (WWF) | (39,558) | (53,281) | |
Net cash generated from / (used in) operating activities | 38,073 | (6,700,403) | |
Cash flows from investing activities | |||
Capital expenditure incurred | (42,121) | (129,939) | |
Proceeds from sale of property, plant and equipment | 1,163 | 6,196 | |
Proceeds from sale of business (including advance) | 8,259,915 | ||
Financial income received | 103,378 | 5,725 | |
Net cash generated from / (used in) investing activities | 8,322,335 | (118,018) | |
Cash flows from financing activities | |||
Dividends paid | (3) | (250,765) | |
Proceeds from short-term loans | 344,536 | 3,705,800 | |
Repayments of short-term loans | (4,345,033) | ||
Repayment of lease liabilities | (104,400) | (9,646) | |
Net cash (used in) / generated from financing activities | (4,104,900) | 3,445,389 | |
Net increase / (decrease) in cash and cash equivalents | 4,255,508 | (3,373,032) | |
Cash and cash equivalents at beginning of the period | 4,307,198 | (3,080,740) | |
Cash and cash equivalents at end of the period | 29 | 8,562,706 | (6,453,772) |
Sye
uham
Managi
yal
Syed M amma
san Ghazali
ctor
hief Financial Officer
Adnan
Direct
The annexed notes from 1 to 34 form an integral part of these condensed interim financial statements.
Siemens (Pakistan) Engineering Co. Ltd. Condensed Interim Statement of Changes in Equity
For the six months period ended March 31 2025
Issued, Capital reserves Revenue reserves | ||||||||
subscribed | Share | Treasury | Other | General | Remeasurement | Accumulated Total | ||
and paid-up | premium | shares | capital | reserves | loss on defined | profits | ||
sha:re capital | reserve | reserve | benefit plan - | |||||
net of tax | ||||||||
------------------------------------------------------------------- (Rupees in '000) ------------------------------------------------------------------- | ||||||||
Balance as at September 30, 2023 - Audited | 82,470 | 619,325 | 567 | 4,300 | 4,523,026 | (189,710) | 2,749,469 | 7,789,447 |
Total comprehensive loss for the period | ||||||||
Net loss for six months period ended March 31, 2024 | (1,567,633) | (1,567,633) | ||||||
Other comprehensive income for the period | ||||||||
(1,567,633) | (1,567,633) | |||||||
Balance as at March 31, 2024 - Unaudited | 82,470 | 619,325 | 567 | 4,300 | 4,523,026 | (189,710) | 1,181,836 | 6,221,814 |
Balance as at September 30, 2024 - Audited | 82,470 | 619,325 | 567 | 4,300 | 4,523,026 | (534,257) | 701,382 | 5,396,813 |
Total comprehensive income for the period
Net profit for six months period ended March 31, 2025 Other comprehensive income for the period
Balance as at March 31, 2025 - Unaudited
82,470 619,325
567 4,300 4,523,026
583,323
583,323 583,323
(534,257) 1,284,705 5,980,136
The annexed notes from 1 to 34 form tegral part of these condensed interim financial statements.
Syed, uhamm iyal Managi éctor
Sy, a iyiuna âd Ahsan Ghazali Chief Financial Officer
Adna
Dire tor