j SPEL Limited.
(Formerly Synthetic Products Enterprises Limited)
Office:127-S,Q.I.E, Kotlakhpat Lahore-Pakistan.
Tel: +92-42-35115506-07 Fax: +92-42-35118507 UAN:+92 - 42 111-005-005
Web: https://www.spelgroup.com Email: syntheti*x•pelgroup.com
FOIU4-3Aug-25
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 2025
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on 16th August 2025 at
11:45 am at 127-S, Q.I.E., Kotlakhpat, Lahore, Pakistan, recommended the following:-
CASH DIVIDEND
A final Cash Dividend for the period ended 30 June 2025 at Rs 0.40 per share i.e. 8%. This is in addition to Interim Divided(s) already paid at Rs. 0.60 per share i.e. 12 %.
AND/OR
-
BONUS 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/OR RIGHT 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
ISO 900 I:2015, 14001: 215 & 4500 I : 2018
FSSC 22000 & HALAL Certified Company
-
CASH DIVIDEND
SPEL Limited.
(Formerly Synthetic Products Enterprises Limited)
Office:127-S,Q.I.E, Kotlakhpat Lahore-Pakistan.
Tel: +92-42-35115506-07 Fax: -r92-42-35118507 UAN:+92 - 42 111-005-005
Web: https://www.spelgroup.com Email: synthetic@spelgroup.com
AND/OR
ANY OTHER PRICE-SENSITIVE INFORMATION
NIL
The financial results of the Company are attached.
The Annual General Meeting of the Company will be held on 30 September 2025 at 11:00 AM at Lahore.
The above entitlement will be paid to the shareholders whose names will appear in Register of Members on 23 September 2025.
The Share Transfer Books of the Company will be closed from 2025-09-24 to 2025-09-30 (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 23 September 2025 will be treated in time for the purpose of above entitlement to the transferees.
The annual report of the Company for the year ended 30 June 2025 will be transmitted through PUCARS separately, within the specified time.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
Yours sincerely,
0
Kha il Ah ad H s FCA
ISO 900 I :2015, 1J00I : 215 & 4500 I : 2018
FSSC 22000 & HALAL Certified Company
SPEL Limited (formerly Synthetic Products Enterprises Limited)
Statement of Financial Position
EQUITY AND LIABILITIES
Share capital and reserves
2025
Rupees
2024
Rupees
ASSETS
Non-current assets
2025
Rupee
2024
Rupees
Authorized share capital of Rs. 5 each (2024: Rs. 5 each)
1,500,000,000 1,500,000,000
Property, plant and equipment
- Operating feed assets | 3,820,404,475 | 3,798,403,398 | |||
fssued, subscribed and paid-up capital | 998,680,080 | 998,680,080 | - Capital work in progress | 48,360,995 | 14 J,906,550 |
Treasury shares | (114,905,038) | (114,905,038) | - Righi of use asseis | 399,712,232 | 226,377,906 |
Share premium | 358,627,893 | 358,627,893 | Advances to suppliers | 19,993,000 | |
Accumulated profit | 4,039,749,923 | 3,052,276,831 | Intangible assets | 44,545 | 208,549 |
Surplus on revaluation of land
827,709,345 827,709,345
Long term deposits
16,545,243 17,829,242
Shareholders' equity
6,109,862,203 5,122,389,111
4,285,067,490
4,204,718,645
Note-surreal liabilities
Long term loans - secured
Deferred grant Lease liabilities Deferred taxation
928,8t9,788
287,918,702 | 353,624,878 |
48,324,723 | 65,536,099 |
26,869,081 | 11,941,731 |
565,707,282 | 433,203,097 |
864,305,805
Current assets
Current liabilities
Trade and other payables Short term borrowings Contract liabilities
Current maturity of long term liabilities Unclaimed dividend
Accrued mark up
600,343,233
210,207,336
93,515,854
353,037,211
5,025,308
54,577,231
747,410,279
139,054,595
68,308,951
228,048,405
6,957,766
24,455,847
1,214,235,843 1,316,706,173
Stores, spares and loose tools Stock-in-trade
Trade debts - unsecured
Advance income tax - net of provision Advances, deposits, prepayments and other receivables
Short term investments Cash and bank balances
69,507,564 | 64.025,147 |
1,715,040,617 | 1,571,703,297 |
1,302,074,648 | 713,937,157 |
16,421,284 | 108,171,128 |
84,217,416 | 93,018,028 |
507,600,504 | 387,693,281 |
272,988,311 | 161,134,406 |
3,967,850,344
3,098,682,444
8,252,917,834 7,303,401,089 8,252,917,834 7,303,40 1,089
SPEL Limited (formerly Synthetic Products Enterprises Limited)
Statement of Profit or Loss
For the year ended 30 June 2025
2025 Rupees | 2024 Rupees | |
Sales - net | 9,633,217,530 | 6,965,104,667 |
Cost of sales | (7,045,259,088) | (5,643,03l,815) |
Gross profit | 2,587,958,442 | 1,322,072,852 |
Administrative expenses | (413,266,707) | (325,482,587) |
Selling and distribution expenses | (76,956,282) | (58,565,460) |
Operating profit | 2,097,735,453 | 938,024,805 |
Other income | 234,774,698 | 187,834,600 |
Other charges | (213,940,160) | (82,204,920) |
Finance cost | (127,549,424) | (133,274,247) |
Profit before income taxes and final taxes | 1,991,020,567 | 910,380,238 |
Final taxes | - | (2,561,370) |
Profit before taxation | 1,991,020,567 | 907,818,868 |
Taxation | (737,898,575) | (266,851,728) |
Profit after taxation | 1,253,121,992 | 640,967,140 |
Rupees | Rupees | |
Earnings per share - basic and diluted | 6.60 | 3.36 |
SPEL Limited (formerly Synthetic Products Enterprises Limited)
Statement of Cash Flow
For the year ended 30 June 2025
(415,374,517) | (55,490,363) |
(59,542,295) | |
(134,033,039) | (81,626,541) |
(18,750,016) | (26,422,218) |
(29,996,799) | (53,356,201) |
(263,716,442) | (94,275,138) |
Cash flows from operating activities
2025Rupees
2024
Rupees
Cash generated from operations | 1,907,399,526 | 1,357,211,016 |
Workers' Profit Participation Fund paid | (48,892,601) | (46,165,096) |
Workers' Welfare Fund paid | (18,479,057) | (14,338,720) |
Mark up paid on Islamic mode of financing | (34,641,845) | (4,802,166) |
Interest paid on conventional loans | (66,544,806) | (78,218,603) |
Final taxes paid | (640,817) | (1,920,553) |
Income taxes paid | (513,644,546) | (325,113,722) |
Long term deposits - net | (423,001) | (17,019,025) |
Net cash generated from operating activities | 1,224,132,853 | 869,633,131 |
Cash flows from investing activities | ||
Acquisition of property, plant and equipment | (137,891,490) | (327,679,736) |
Advances to suppliers | (19,993,000) | |
Investment in treasury bills | (507,600,504) | |
Proceeds from disposal of property, plant and equipment | 48,546,520 | 257,521,534 |
Net cash used in investing activities | (596,945,474) | (90,151,202) |
Cash flows (rom financing activities | ||
Principal repayment of lease liability | ||
Repurchase of treasury shares | ||
Long term loan repaid-net | ||
Diminishing musharika paid- net | ||
Short term borrowings repaid - net | ||
Cash dividend paid | ||
Net cash used in financing activities | (861,870,813) | (370,712,756) |
Net (decrease) / increase in cash and cash equivalents | (234,683,434) | 408,769,173 |
Cash and cash equivalents at beginning of the year | 368,617,150 | (40,152,023) |
Cash and cash equivalents at end of the year | 133,933,716 | 368,617,150 |
SPEL Limited (formerly Synthetic Products Enterprises Limited)
Statement of Changes in Equity
For the year ended 30 June 2025
Issued, subscribed °° P® '°P P | L | Capitalraerve | Revenue reserve | Total | |||||
"'" | "'" | Share prciiiium |
- Rupees
As at 30 Jcne 2023 Tatal cnmpre8ensfve Income for the year | 998,680,080 | (55,362,743) | 358,627,893 | 827,709,345 | 2,506,184,337 | 4,635,8S8,912 |
Profit after taxation Other comprehensive income for the year | 640,967,140 | 640,967,140 |
- - - - 640,967,140 640,967,t40
Transactions witti ox›ners opihe Company
Purchase of treasury shares
Final cash dividend for the year ended 30 June 2023 @ Rs. 0.5 per share
(59,542,295)
94 874 64 ) 94 874 46
(114,905,038)
358,627,893
827,7O9,J4S
3,052,276,831
(59,542,295) - - (94,874,646) (154,416,941)
Balance as at 30 June 2024
Total r.omprehensIve lntome (or roe yeor
Profit after taxation
Other comprehensive income for the year
Wansactlon with ownerso(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 Interim cash dividend for the year ended 30 June 2025 @ Rs. 0.30 per share
As at 30 June 2025
1,253,121,992 | 1,253,121,992 |
(151,799,372) | (151,799,372) | ||||
(56,924764) | (56,924,764) | ||||
(56,924,764) | (56,924,764) | ||||
(965,648,900) | (265,648,900) | ||||
998,680,080 | (1t4,9O5,038) | 358,627,893 | 827,709,345 | 4,039,749,923 | 6,109,862,203 |
- 1,253,12t,992
1,253,121,992