Ref: TCORP/FR-Annual/PSX/1 Dated: December 31, 2025
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Karachi
FINANCIAL RESULTS FOR THE YEAR ENDED SEPTEMBER 30, 2025Dear Sir,
We have to inform you that Board of Directors of our Company in their meeting held on December 31, 2025, at 02:30 P.M., at its registered office, 28-C, Block E-1, Gulberg - III, Lahore, recommended the following:
- CASH DIVIDEND: NIL
- BONUS ISSUE: NIL
- RIGHT SHARES: NIL
- ANY OTHER ENTITLEMENT/CORPORATE ACTION: NIL
ANY OTHER PRICE-SENSITIVE INFORMATION: -
The Board of Directors has decided to recommend an increase in the authorized share capital of the Company from Rs.850 million to Rs.1,150 million under a special resolution, with or without modification, subject to the approval of the Shareholders in the Annual General Meeting and to make the necessary amendments to the Memorandum and Article of Association of the Company.
The Annual General Meeting of the Company will be held on January 28, 2026 at 11:30 a.m. at Registered Office at 28-C, Block E-1, Gulberg - III, Lahore.
The Share Transfer Books of the Company will remain closed from 21 January 2026 to 28 January 2026 (both days inclusive).
Financial results of the Company for the financial year ended on September 30, 2025 are attached.
The Annual Report of the Company will be transmitted through PUCARS at least 21 days before holding of Annual General Meeting.
Thanking you.
Sincerely yours,
For Tariq Corporation Limited
KHALID MAHMOOD
Company Secretary
Lahore - Pakistan
Tariq Corporation Limited 28-C, Block E-1, Gulberg-III,
UAN: 0092 42 111 111 476
https://www.tariqcorp.com
TARIQ CORPORATION LIMITED
UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED SEPTEMBER 30, 2025
2025 | 2024 | |||||
Notes | Rupees | Rupees | ||||
REVENUE FROM CONTRACT WITH! CUSTOMERS - GROSS | 8,866,444,597 | 7,943,123,549 | ||||
Sales tax and other Government levies | (1,314,569,297) | (1,066,618,288) | ||||
REVENUEFROMCONTRACTVZTMCUSTOMERS.NET | 31 | 7,551,875,300 | 6,876,505,261 | |||
COST OF REVENUE | 32 | (7,353,049,874) | (7,295,632,840) | |||
GROSS PROFIT / (LOSS) | 198,825,426 | (419,127,579) | ||||
OPERATING EXPENSES | ||||||
Administrative and general expenses | 33 | (337,201,828) | (312,065,500) | |||
Selling and distribution cost | 34 | (22,852,381) | (18,634,014) | |||
Other operating expenses | 35 | (18,44d,528) | (2,331,917) | |||
(378,602,737) | (333,031,431) | |||||
LOSS FROM OPERATIONS | (179,777,312) | (752,159,010) | ||||
OTHER INCOME | 36 | 555,515,190 | 808,417,847 | |||
FINANCE COST | 37 | (153,881,761) | (277,567,040) | |||
5hARE OF NET PROFIT OF ASSOCIATE | 690,623 | |||||
PROFIT / (LOSS) BEFORE LEVY AND INCOME TAX | 222,546,740 | (221,308,203) | ||||
LEVY | 38 | (105,881,871) | (87,874,577) | |||
PROFIT /(LOSS) BEFORE INCOMETAX | 116,664,869 | (309,1B2,779) | ||||
INCOMETAX | 39 | (80,045,198) | 330,307,740 | |||
PROFIT AFTER INCOMETAX | 36,619,671 | 21,124,961 | ||||
EARNINGS PER SHARE OF RUPEES 10 EACH | ||||||
BASIC AND DILUTIVE | 40 | D.55 | 0.36 | |||
The annexed notes from 1 to 51 form an integral part of these financial statements. | ||||||
LAHORE | CHIEF EXECUTIVE OFFICER | CHIEF FINANCIAL OFFICER | DIRECTOR | |||
TARIQ CORPORATION MMITED
6t5,303,179 | 694,672,589 |
2,150,624,B47 | 1,783,333,544 |
631,068,620 | 233,294,858 |
9,320,123 | 10,245,137 |
413,111 | 5,315,137 |
JS,078,662 | 14,279,870 |
Notes | 2025 Rupees | 2024 Rupees | ||
ASSETB NON-CURRENT ASSETS Property, plant and equipment | 5 | 5,102,798,644 | 5,467,713,057 | |
Right-of-use assets | 6 | 48,106,929 | 61,813,026 | |
Intangible assets | 7 | 70,000,000 | 70,000,000 | |
Long term investments | 8 | 29,10Z,263 | 15,000,000 | |
BioIogica! assets | 9 | 55,140,000 | ||
Long term deposits | 10 | 23,519,686 | 36,368,399 | |
5,273,527,522 | 5,706,034,482 | |||
CURRENT ASSETS | ||||
Inventory | 11 | |||
Trade and other receivables | 12 | |||
Advances, deposits and prepayments | 13 | |||
Current porton of long tern deposits | 10 | |||
Financial assets | 14 | |||
Cash and bank balances | 15 | |||
3,321,808,542 | 2,741,141,135 | |||
TOTAL ASSETS | 8,595,336,064 | 8,447,175,617 | ||
EQUITY AND MABILITIES | ||||
SHARE CAPITAL AND RESERVES | ||||
Issued, subscribed andpe/d-up ordinary where cupitnl | ||||
66 206 million (30 September 2024: 66 206 million) ordinary shares of Rupees 10 each | 16 | 662,062,500 | 662,062,500 | |
Equity component of preference shares | 17 | 69,687,645 | 69,687,645 | |
Reserve arising ae a consequence of scheme of arrangement | ||||
Share premium account | 18 | |||
Surplus on revaluation of property, plant and equipment | 19 | |||
2,603,588,87t | 2,659,149,832 | |||
Unappropriated profit Directors' loans • YolBted parties | 20 | 472,799,387 39,76&,000 | 380,618,757 | |
3,847,901,405 | 3,771,518,734 | |||
NON•CURRENT LIABILITIES | ||||
Long term finance | 21 | |||
Lease liability | 22 | |||
Deferred tax liability - net | 23 | |||
Liability component of preference shares | 24 | |||
610,018,784 | 750,254,928 | |||
CURRENT MABILITIES | ||||
Trade and other payables | 25 | |||
Contract liabilities | 26 | |||
Short term borrmngs | 27 | |||
Current pofion of long (6rm liabilities | 28 | |||
Accrued mark-up on seoJred borrowngs | 29 | |||
Provision for income tax | ||||
Unpaid dividend on preference shares | ||||
Unpaid dividend on ordinary shares | ||||
Unclaimed dividend on ordinary shares | ||||
CONTINGENCIES AND COMMITMENTS | 30 | 4,137,415,875 | 3,925,401,956 | |
TOTAL EQUITY AND LIABILITIES | 8,595,336,064 | 8,447,175,617 |
70,694,859 | 70,694,859 |
290,437,300 | 290,437,300 |
2,242,45G,714 | 2,298,017,673 |
124,664,243 | 335,248,354 |
28,724,622 | 31,909,754 |
407,276,509 | 327,23,312 |
49,353,410 | 55,865,508 |
3,182,582,178 | 2,950,648,833 |
437,106,576 | 374,182,993 |
229,293,627 | 181,226,627 |
24-4,402,696 | 360,765,922 |
13,395,506 | 38,867,142 |
456,850 | 3,976,997 |
28,952,545 | 14,507,545 |
29,913 | 29,913 |
1,195,984 | 1,195,984 |
,- The annexed notes frnm 1 to 51 form an integral part of these financial statements.
LAHORE CHirr EXECU ivr orricEk OHIEF FINANCIAL OFFICER
DIRECTOR
TARO CORP.0RA.TION.UMITED.
UNCONSOLIDATED STATEMENT OF CASH FLOWS FOR"THE°YEAR ENDE£I SEPTEgBER 30.2025
2025
Hotgg Rupees
CASH FLOW Fg0M:0PERATING ACTIVITIES
Profit (Loss) belore.income tcx:. Adjustments for non-cash:end •ther iIt'ms: OepFeci8tton of own9d. assuU
F'IépD2CIati0ñt0f,° CLI 8640D
Firlanu0..cosf'
Prc'Iij'or Dank'aéxi.unIs.::
Fair"valuo (gain) / Iou on financial assets.
1.7O,844:096
36"
36 (Y,860,000) (8,160,0@)
Dividend inoorrs
.0Id'credit balanced no..note.payable.writtM'âack
RoVarsal ol proVl8ion egai*st doubtful tradp' a.?,d.Cth.or ocalvabjos.
.Gfiaré of post,tax pfofil inslu'dirq bargain. purchase gan Old debit balances.n0 more'rccervabIu witlet off
.Pf0YlBlLifl:@8lFI6t!5lDw**Ff@.Ylftg 00FI5M8bl0* Slo'fols'tafQ'8§8Q8
Changes:in'.working c8piIaI iteme:
Iñvontory'
'trade and elhec receivabbs Advancas, deposJk and!prepayments:
Contract llabllitles:
Trade and other payab!és
Net change in long tern deposits
Income tax arld lévy pab
NET:CAI3H {OUJTLOW}:i:INFLOWS FROM.BERATING A6TIVITIGC CA9H FLOW. FRON INVESTING:A0T1V|TIES
Punhase of:associato's sharos
Salo I (purchase} af biological assets
'.Proceeds,from dieposal él oporating fixed a6scb Dowr-payment.and in1IieI dinct cost.for COLI ass0b. Pr0coeds.fron'finan;oaI.assets (cguily socuntius)
''38:.
(125 38) (1B6,494)
179,369;410 (92,484,346)
(im,61,8Te i876,0d6';'7D5l
g2,923,583 57,476,118
231,7Z6i264 1,838,'357,957
t'36:'
197Vfl;03O). 749,666,9231
;{292,468,04B). 1,072,412,346.
63,759;fl74 ':554,'.085;868:
13;773;727 2;399;491
(5,504,530› {5,166i871)
(163;765,547') i304,"448,852)
(1.09j402,017) (56;N2i'141)
(Z01',190;20S): !1:90.067i495
52,750,000 (48,330,000)
198,941;946 134i479,285:.
{3;21e1,2S7) {8,045,910)
HET.CASh IKFLOW. I.(0UTFLOWF.9Ro) iHVEnixa:<><>
:CA5H..FLOW. FRO.M FINANCING;-ASTIVITIES:
NET ASH OUT.FLOW6 FRDN"FINANCING:ACTIVITIES NET (DECRM6E):IN CASH AND.CASH.EQUIVALEN19'
.CASH.AND.:CA6H EQUIVALENTS AT 8EGINNIN0...OF THE YEAR
. CASH;AHD CA9H EQUIV/LENTS. AT:EN0.OF-THE YEAR
The recQficiJladon in c'ash /grId cash' g#uivalgntg is as•follocs: Cash and!cash eguivalents.
48,
48
.48.
- | %;94{243 | |
{Z2;078,369] | (19,019,044] | |
'WTWOO | (97,%6;'RM |
(247,574;7t8) (1:22:561,228)
.341,37'7 (40;783i797)
13,749,2S9 54,533,g96
14,090,676 13.749;299
CHIEF'FIKANCfAL OFFICER :DINECT0R