SITARA CHEMICAL INDUSTRIES LIMITED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025 | 2025 | 2024 |
Rupees | Rupees | |
ASSETS | ||
Non-current assets | ||
Property, plant and equipment | 29,901,979,692 | 22,972,725,937 |
Intangible assets | 6,371,408 | 6,787,155 |
Investment property | 3,418,251,172 | 3,427,127,457 |
Long term investments | 20,038,687 | 20,038,687 |
Long term loans and advances | 539,654,841 | 225,440,500 |
Long term deposits | 125,334,279 | 125,134,179 |
34,011,630,079 | 26,777,253,915 | |
Current assets | ||
Stores, spare parts and loose tools | 1,710,214,125 | 1,590,505,516 |
Stock in trade | 4,190,277,216 | 3,674,746,751 |
Trade debts | 2,919,787,832 | 3,158,902,678 |
Loans, advances and receivables | 956,327,156 | 1,556,334,613 |
Trade deposits, prepayments and other receivables | 60,867,513 | 59,620,692 |
Prepaid levies | - | 14,368,016 |
Advance income tax | 1,006,477,793 | 1,010,338,685 |
Income tax refundable | 1,543,614,808 | 1,443,864,352 |
Other financial assets | 773,940,332 | 864,458,541 |
Cash and bank balances | 334,865,371 | 360,475,765 |
13,496,372,146 | 13,733,615,609 | |
Total assets | 47,508,002,225 | 40,510,869,524 |
EQUITY AND LIABILITIES | ||
Share capital and reserves | ||
Share capital | 214,294,070 | 214,294,070 |
Reserves | 1,568,514,450 | 1,491,865,246 |
Unappropriated profit | 13,404,338,197 | 12,464,377,427 |
Surplus on revaluation of property, plant and equipment | 3,678,569,739 | 3,893,550,016 |
Total equity | 18,865,716,456 | 18,064,086,759 |
LIABILITIES | ||
Non-current liabilities | ||
Long term financing | 8,021,930,747 | 2,937,311,929 |
Deferred taxation | 3,770,611,487 | 3,692,635,660 |
Deferred liabilities | 176,292,219 | 240,145,871 |
11,968,834,453 | 6,870,093,460 | |
Current liabilities | ||
Trade and other payables | 4,463,873,807 | 3,210,244,848 |
Profit / financial charges payable | 1,194,155,240 | 966,092,698 |
Short term borrowings | 9,340,377,001 | 9,980,651,390 |
Provision for taxation | 839,711,715 | 614,033,982 |
Unclaimed dividend | 29,912,322 | 28,135,771 |
Current portion of long term financing | 805,421,231 | 777,530,616 |
16,673,451,316 | 15,576,689,305 | |
Total equity and liabilities | 47,508,002,225 | 40,510,869,524 |
Contingencies and commitments |
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER DIRECTOR
SITARA CHEMICAL INDUSTRIES LIMITED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 | ||
2025 Rupees | 2024 Rupees | |
Revenue from contracts with customers - net | 32,530,215,524 | 31,111,879,733 |
Cost of sales | (26,911,254,339) | (26,192,619,872) |
Gross profit | 5,618,961,185 | 4,919,259,861 |
Distribution cost | (520,923,571) | (573,592,640) |
Administrative expenses | (1,259,270,477) | (1,131,694,578) |
Impairment loss on financial assets | (170,681,422) | (10,114,622) |
Other expenses | (193,769,295) | (68,572,999) |
Finance cost | (1,903,629,448) | (2,348,697,881) |
(4,048,274,213) | (4,132,672,720) | |
1,570,686,972 | 786,587,141 | |
Other income | 290,619,451 | 355,293,508 |
Profit before income tax and final tax | 1,861,306,423 | 1,141,880,649 |
Final tax | (1,758,000) | (57,806,602) |
Profit before tax | 1,859,548,423 | 1,084,074,047 |
Provision for taxation | (920,273,870) | (498,566,401) |
Profit for the year | 939,274,553 | 585,507,646 |
Earnings per share - basic and diluted | 43.83 | 27.32 |
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER DIRECTOR
SITARA CHEMICAL INDUSTRIES LIMITED |
STATEMENT OF CHANGES IN EQUITY |
FOR THE YEAR ENDED JUNE 30, 2025 |
Revenue | reserves |
General reserve | Unappropriated profit |
Share capital | Share premium | Reserve on remeasurement of equity instruments at FVTOCI | Remeasurement on post retirement benefits obligation - net of tax | Surplus on revaluation of property, plant and equipment |
Total
- | - | - | - | (165,863,346) |
- | 165,863,346 |
- | - | - | - | - | - | (214,294,060) | (214,294,060) |
214,294,070 | 97,490,410 | 177,828,853 | (8,454,017) | 3,893,550,016 | 1,225,000,000 | 12,464,377,427 | 18,064,086,759 |
Balance as at July 01, 2023 214,294,070 97,490,410 30,091,545 (5,012,644) 3,115,074,247 1,225,000,000 11,927,300,495 16,604,238,123
Profit for the year |
Other comprehensive income |
Total comprehensive income |
- | - | - | - | - | - | 585,507,646 | 585,507,646 |
- | - | 147,737,308 | (3,441,373) | 944,339,115 | - | - | 1,088,635,050 |
- | - | 147,737,308 | (3,441,373) | 944,339,115 | - | 585,507,646 | 1,674,142,696 |
Transfer to unappropriated profit on account of incremental depreciation - net of tax | - | |||||||
Transactions with owners | ||||||||
Final dividend for the year ended June 30, 2023 @ Rest. 10 per share | ||||||||
Balance as at June 30, 2024 | ||||||||
Profit for the year | - - | - | - | - - 939,274,553 939,274,553 | ||||
Other comprehensive income | - - | 80,499,001 | (3,849,797) | - | - | - | 76,649,204 | |
Total comprehensive income | - - | 80,499,001 | (3,849,797) | - | - | 939,274,553 | 1,015,923,757 | |
Transfer to unappropriated profit on account of incremental depreciation - net of tax | - | |||||||
Transactions with owners | ||||||||
Final dividend for the year ended June 30, 2024 @ Rs. 10 per share |
Balance as at June 30, 2025 |
- | - | - | - | - | - | (214,294,060) | (214,294,060) |
214,294,070 | 97,490,410 | 258,327,854 | (12,303,814) | 3,678,569,739 | 1,225,000,000 | 13,404,338,197 | 18,865,716,456 |
- | - | - | - | (214,980,277) |
- | 214,980,277 |
SITARA CHEMICAL INDUSTRIES LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025 | ||
2025 | 2024 | |
A. CASH FLOWS FROM OPERATING ACTIVITIES | Rupees | Rupees |
Profit before income tax and final tax Adjustments for: | 1,861,306,423 | 1,141,880,649 |
1,520,653,377 | 1,339,821,434 |
8,876,285 | 9,593,285 |
692,556 | 754,128 |
1,903,629,448 | 2,348,697,881 |
(76,150,124) | (75,086,332) |
- | (10,402) |
27,450,230 | (1,433,507) |
16,940,847 | - |
- | (12,526,000) |
(12,289,347) | (1,995,315) |
- | 1,000,000 |
(60,492) | 77,677 |
35,101,293 | 45,601,450 |
170,681,422 | 10,114,622 |
(17,666,930) | (47,207,878) |
(35,937,426) | (47,955,085) |
(70,684,039) | (98,438,249) |
Depreciation on property, plant and equipment Depreciation on investment property Amortization on intangible assets
Finance cost
Amortization of deferred grant
Remeasurement gain on short term investments measured at FVTPL Loss on disposal of property, plant and equipment
Loss on disposal of stores
Gain on disposal of investment property
Gain on sale of investments measured at FVTPL
Loss on disposal of long term investment measured at FVTPL Exchange loss/(gain)
Provision for employees benefits Impairment loss on financial assets Unwinding of deferred consideration Profit on bank deposits
Dividend income
Operating cash flows before changes in working capital 5,332,543,523 4,612,888,358 Working capital changes
Stores, spare parts and loose tools | (136,649,456) | (7,417,659) |
Stock in trade | (515,530,465) | (93,101,017) |
Trade debts | 68,493,916 | (935,957,926) |
Sales tax refundable | 183,708,790 | (294,309,088) |
Loans and advances | 80,743,453 | 103,545,731 |
Trade deposits and short-term prepayments | (1,246,821) | (28,059,575) |
Trade and other payables | 1,226,232,956 | (679,110,382) |
905,752,373 | (1,934,409,916) | |
Cash generated from operations | 6,238,295,896 | 2,678,478,442 |
Finance cost paid | (2,374,970,445) | (1,772,179,156) |
Employee benefits paid | (29,115,963) | (20,663,135) |
Levies paid | - | (62,780,246) |
Taxes paid - net | (677,955,309) | (494,989,264) |
(3,082,041,717) | (2,350,611,801) | |
Net cash generated from operating activities | 3,156,254,179 | 327,866,641 |
B. CASH FLOWS FROM INVESTING ACTIVITIES |
(7,763,004,577) | (4,214,882,362) |
61,200,878 | 71,274,192 |
- | (3,840,000) |
- | 52,500,000 |
- | 4,000,000 |
(1,288,550,926) | (1,716,978,345) |
1,522,609,318 | 1,812,007,150 |
(276,809) | - |
39,007,803 | 373,717,426 |
(200,100) | 400,000 |
27,845,002 | 25,295,461 |
35,937,426 | 47,955,085 |
Additions to property, plant and equipment including capital work in progress
Proceeds from disposal of property, plant and equipment Purchase of investment property
Proceeds from disposal of investment property Proceeds from disposal of long term investment Purchase of other financial assets
Proceeds from disposal of other financial assets Purchase of Intangible Assets
Realization of long term loans and advances - net Long term deposits received / (paid)
Dividend received
Profit received on bank deposits
Net cash used in investing activities (7,365,431,985) (3,548,551,393)
C. CASH FLOWS FROM FINANCING ACTIVITIES5,823,869,904 | 1,215,064,870 |
(787,510,595) | (701,196,518) |
24,468,725,739 | 22,211,258,402 |
(25,109,000,127) | (19,265,736,389) |
(212,517,509) | (212,548,802) |
Proceeds from long term financing Repayment of long term financing Proceeds from short term borrowings Repayment of short term borrowings Dividend paid
Net cash generated from financing activities | 4,183,567,412 | 3,246,841,563 |
Net decrease in cash and cash equivalents (A+B+C) | (25,610,394) | 26,156,811 |
Cash and cash equivalents at beginning of the year | 360,475,765 | 334,318,954 |
Cash and cash equivalents at end of the year 334,865,371 360,475,765
CHIEF EXECUTIVE OFFICER CHIEF FINANCIAL OFFICER DIRECTOR