SPEL Limited
Office: 127-S,Q.1.E, h.otlakhpat Laliorv-Piikistan.
FORM - 3
t8-Aug-26
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Fax: 111 -573-329
SUBJECT: FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2026Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on 17th August 2026 at 4:00
pm at 127-S, Q.I.E., Kotlakhpat, Lahore, Pakistan, recommended the following:
CASH DIVIDEND
A Final Cash Dividend for the period ended 30 June 2026 at 0.5 per share i.e. 10%. This is in addition to Interim Divided(s) already paid at Rs. 0.5 per share i.e. 10 %.
AND/ORBONUS SHARES
It has been recommended by the Board of Directors to issue Bonus shares in proportion of NIL share(s) for every NIL share(s) held i.e. NIL. This is in addition to the Interim Bonus Shares already issued @ NIL %.
AND/ORRIGHT SHARES
The Board has recommended to issue NIL % Right Shares at a premium/discouint of Rs. NIL per share in proportion of NIL share(s) for every NIL share(s). The entitlement of right shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.
AND/OR
ANY OTHER ENTITLEMENT/CORPORATE ACTION NIL
SPEL L"nsited
Office: 127-S,Q.1.E, Kotlakhpat Laliore-Pukistan.
AND/OR
- ANY OTHER PRICE-SENSITIVE INFORMATION
N1L
The financial results of the Company are attached.
The Annual General Meeting of the Company will be held on 09 October 2026 at 03:30 PM at Lahore.
The above entitlement will be paid to the shareholders whose names will appear in Register of Members on 08-Oct-2026.
The Share Transfer Books of the Company will be closed from 2026-10-03 to 2026-10-09 (both days inclusive). Transfers received at the THK Associates (Pvt.) Ltd. Plot No. 32-C, Jami Commercial Street 2, D.H.A, Phase-VII, Karachi at the close of business on 08 October 2026 will be treated in time for the purpose of above entitlement to the transferees.
The quarterly repori of the Company for the period ended 30 June 2026 will be transmitted through PUCARS separately, within the specified time.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
Yours sincerely,
Khalil Ahmad Hashmi FCACompany Secretary
SPEL Limited Statement of Financial Position | |||||
As al 30 June 2026 | |||||
EQUITY AND LlABTLTTTEB | 2026 Rupees | 2025 Rupees | ASSETS | 2026 Rupes | 2025 Rupees |
Share capital and reserves | Non-current assets | ||||
Authorized share capital of Rs. 5 each (2025: Rs. 5 each) | 1,500,000, 000 | 1,500,000,000 | Property. plant and equipment | ||
- Operating fixed assets | |||||
Issued, subscribed and paid-up capital | - Capital worl‹ in progress | ||||
Treasury shares | - Right of use assets | ||||
Share prem um | Intangible assets | ||||
Accumulated profit | Long term deposits | ||||
Surplus on revaluation of land | 5,t69,968,406 | 4,285,067,490 | |||
Shareholders' equity | 7,317,319,999 | 6,109,862,203 | |||
Liabilities | |||||
Non-current TIabllities | |||||
Long term loans - secured | |||||
Deferred grant | |||||
Lease liabilities | |||||
Deferred taxation | |||||
914,351,710 | 828,819,788 | Current assets | |||
Current llabllltles | Slores, spares and loose tools | ||||
Stock-in-trade | |||||
Trade and other payables | Trade debts - unsecured | ||||
Short term borrofings - secured | Advance income tax - net of provision | ||||
Conlract liabilities | Advances, deposits, prepayments and | ||||
Current maturity of long term liabilities | other receivables | ||||
UncJaimed dividend | Shon lerm investments | ||||
Accrued mark up | 1,55S,274,932 | 1,214,235,843 | Casfi and bank balances | 4,616,978,235 | 3967850.Z44 |
998,680,080 | 998,680,080 |
(114,905,038) | (1 14,905,038) |
358,G27,893 | 358,627,893 |
5,005,295,G38 | 4,039.749,923 |
1,069,621,426 | 827,709,345 |
231,557,595 | 287,918,702 |
z3,348,627 | 48,324,723 |
26,869,081 | |
60B,249,112 | 565,707,282 |
736,554,525 | 747,410.279 |
286,5Y6,026 | 139,054,595 |
179,276,916 | 68,308,951 |
336,520,227 | 228,048,405 |
8,124,93g | 6,957.766 |
8,222,299 | 24.455,847 |
Contingencies and commitments
8,252,917,834
9,786,946,6418,252,917.834
Chief Flnancial Officer
4,231,777,234 | 3,820.404,475 |
z79,4zz,sss | 48,360,885 |
64-4,186,807 | 389,712.232 |
15,692 | 44.545 |
14,566,038 | 16,545,243 |
85,107,292 | 69,507,564 |
2,291,8*2,78S | 1,715,040.617 |
0.034900,IW | 1,302,074,648 |
67,689,874 | 16,421,284 |
64,3g7,800 | 84.217,416 |
507,600,504 | |
356,277,826 | 272,988,311 |
SPEL Limited Statement of Profit or Loss For the year ended 30 June 2026 | |||
2026 | 2025 | ||
Rupees | Rupees | ||
Sales - net | 9,408,868,932 | 9,633,217,530 | |
Cost of sales | (6,937,502,104) | (7,045,259,088) | |
Gross profit | 2,471,366,828 | 2,587,958,442 | |
Administrative expenses | (464,692,848) | (413,266,707) | |
Selling and distribution expenses | (88,703,356) | (76,956,282) | |
Impairment reversal / (loss) on financial assets 18,458,528 (32,336,773) | |||
Operating profit | 1,936,429,152 | 2,065,398,680 | |
Other income | 150,379,710 | 234,774,698 | |
Other charges | (150,165,716) | (181,603,387) | |
Finance costs | (81,397,014) | (127,549,424) | |
Profit before taxation | 1,855,246,132 | 1,991,020,567 | |
Taxation | (718,925,987) | (737,898,575) | |
Profit after taxation for the year | 1,136,320,145 | 1,253,121,992 | |
Rupees | Rupees | ||
Earnings per share - basic and diluted | 5.99 | 6.60 | |
Chief Financial Officer
SPEL Limited
Statement of Changes in Equity
For the year ended 30 June 2026
Iss ued, subscribed and paid-up capita | capital reserve | Revenue reserve | |||
Treasury share reserve | Share premium | Surplus on revaluation of land | Acc umulated profit | ||
(151,799,372) | (151,799,372) | ||||
(56.924,764) | (56,924,764) | ||||
(56,924,764) | (66,924,764) |
- • - - • - - • - - • - - - - - - - • • - - - - - - - - - - - - - • Rupees - - - - - - - - - - - - - - - - - - - • - • • - - • - - - - - - - - -
As at 30 June £024 Total comprehensive income for the year | 995,660,080 | (1 14,905, 036) | 356,627, 093 | B27,709. 346 | 3,052, 276, 031 | 5. 122,389,1 1 1 |
Profit after taxation Other comprehensive income for fhe year | 1,263,121,99Z | 1.253, 421,992 | ||||
- | 1.253.121,992 | 1.253.121,992 | ||||
Transactions with owners of the Company | ||||||
Final cash dividend for the year ended 30 June 2024 | ||||||
@ Rs. 0.8 per share | ||||||
1st Interim cash dividend for the year ended 30 June 2025 | ||||||
@ Rs. 0 30 per share | ||||||
2nd Inlerim cash dividend for the year ended 30 June 2025 | ||||||
@ Rs. 0.30 per share | ||||||
{265.648,900) | (265, 648,900) | |||||
Balance as at 30 June 2025 | (114.905,038) | 358,627,893 | 827,709,345 | '4,039,749,923 | 6,109,86 2,203 | |
Total comprehensive income for the year | ||||||
Profit after taxation | ||||||
Other comprehensive income for the year | ||||||
241,912,081 | 1,'T 36,320,145 | 1,378,23Z,226 | ||||
Transaction with owners of the Company | ||||||
Final cash dividend for the year ended 30 June 2025 | ||||||
@ Rs. 0.4 per share 1st Interim cash dividend for the year ended 30 June 2026 @ Rs. 0 50 per share | ||||||
1.136,320,145 241,912,081 | 1,136,320,145 241,912,081 |
As at 30 June 2026
358,627,893
998,680,080
1,069.621,426
(170,774,430)
{75,899,686) | (y5.899,686) | ||||
9â,87 fi,7#4) | g4,874,744) |
5,005.295,638
1 TO,774,430)
7,317,319,999
ChieF F inanc ial Officer
SPEL Limited Statement of Cash Flow | ||
For the year ended 30 June 2026 | ||
2026 | 2025 | |
Rupees | Rupees | |
Cash flows from operating activities | ||
Cash generated from operations | 2,109,234,293 | 1,907,399,526 |
Workers' Profit Participation Fund paid | (108,991,643) | (48,892,601) |
Workers' Welfare Fund paid | (31,875,7t8) | (18,479,057) |
Mark up paid on Islamic mode of financing | (6,332,324) | (34,641,845) |
Interest paid on conventional loans | (74,086,866) | (66,544,806) |
Final taxes paid | (640,817) | |
Income taxes paid | (730,652,747) | (513,644,546) |
Long term deposits - net | 1,979,205 | (423,001) |
Net cash generated from operating activities | 1,159,274,200 | 1,224,132,853 |
Cash flows from investing activities | ||
Acquisition of property, plant and equipment | ||
Purchase of Short-Term Investments | ||
Proceeds from disposal of property, plant and equipment | ||
Net cash used in investing activities | (748,725,719) | (596,945,474) |
Cash flows from financinq activities | ||
Principal repayment of lease liability | ||
Long term loan repaid-net | ||
Diminishing musharika paid- net | ||
Short term borrowings repaid - net | ||
Cash dividend paid | ||
Net cash used in financing activities | (474,780,397) | (861,870,813) |
Net (decrease) / increase in cash and cash equivalents | (64,231,916) | (234,683,434) |
Cash and cash equivalents at beginning of the year | 133,933,716 | 368,617,150 |
(723,789,257) | (137,891,490) |
(109,212,000) | (507,600,504) |
84,275,538 | 48,546,520 |
(223,503,301) | (415,374,517) |
(81,669,839) | (134,033,039) |
(18,750,016) | |
(29,996,799) | |
(169,607,257) | (263,716,442) |
Cash and cash equivalents at end of the year
69,701,800 133,933,716
Chief Financial Officers