TL/2026/5289 February 18, 2026
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi - 74000
FINANCIAL RESULTS FOR THE HALF-YEAR ENDED DECEMBER 31, 2025 (UNCONSOLIDATED AND CONSOLIDATED)
Dear Sir,
We are pleased to inform you that the Board of Directors of our Company in their meeting held on February 17, 2026 at 03:30 PM have approved the unaudited financial statements for the six-months ended December 31, 2025 for submission to the shareholders and the Stock Exchange as required under section 237 of the Companies Act, 2017.
The unaudited unconsolidated and consolidated results of the company for the six-months ended December 31, 2025 are attached as Annexure "A" & "B", respectively.
The Board of Directors are pleased to propose an interim cash dividend for the half-year ended December 31, 2025 @ Rs. 15/- per share i.e. 300%.
The interim dividend will be paid to the shareholders whose names in the Register of the Members as at February 22, 2026.
The Share Transfer book of the Company will remain closed from February 23, 2026 to February 25, 2026, (both days inclusive). In order to determine the entitlement to the aforesaid Interim Dividend, shares may be lodged for transfer with our Registrar FAMCO Share Registration Services (Pvt.) Limited, 8-F, Next to Hotel Faran, Nursery, Block 6, PECHS, Shahrah-e-Faisal, Karachi.
The quarterly report of the Company for the period ended December 31, 2025 will be transmitted through PUCARS separately, within the specified time.
Yours faithfully,
For Thal Limited
Sameer Amlani
Company SecretaryCC to:
Chief Executive Officer
Central Depository Company of Pakistan CDC House # 99-B, Block-B
S.M.C.H.S. Shahrah-e-Faisal Karachi
Fax: 021-34326034 / Tel: 111-111-500
Executive Director / HOD
Offsite-II Department, Supervision Division Securities and Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue
Blue Area, Islamabad
Annexure A | ||
THAL LIMITED UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025 (UNAUDITED) | ||
ASSETS | Unaudited December 31, 2025 - (Rupees | Audited June 30, 2025 in '000)------------- |
NON-CURRENT ASSETS | ||
Property, plant and equipment | 5,650,432 | 5,798,910 |
Intangible assets | 157,179 | 217,162 |
Investment property | 966 | 968 |
Long-term investments | 13,572,766 | 13,173,799 |
Long-term deposits and advances | 30,097 | 32,612 |
Deferred tax asset | 631,864 | 604,750 |
20,043,304 | 19,828,201 | |
CURRENT ASSETS | ||
Stores, spares and loose tools | 237,095 | 241,207 |
Stock-in-trade | 9,485,854 | 9,336,459 |
Trade debts | 5,411,405 | 5,709,342 |
Loans and advances | 749,593 | 182,862 |
Trade deposits and short-term prepayments | 159,937 | 183,488 |
Interest accrued | 15,301 | 16,103 |
Other receivables | 937,103 | 943,049 |
Short-term investments | 10,401,567 | 7,510,036 |
Sales tax refundable | 63,177 | 18,068 |
Cash and bank balances | 1,240,552 | 1,381,438 |
28,701,584 | 25,522,052 | |
TOTAL ASSETS | 48,744,888 | 45,350,253 |
EQUITY AND LIABILITIES | ||
SHARE CAPITAL AND RESERVES Authorised capital | 1,000,000 | 1,000,000 |
200,000,000 (June 30, 2025: 200,000,000) ordinary shares of Rs. 5/- each | ||
Issued, subscribed and paid-up capital 81,029,909 (June 30, 2025: 81,029,909) ordinary shares of Rs. 5/- each | 405,150 | 405,150 |
Reserves | 36,832,580 | 32,681,602 |
37,237,730 | 33,086,752 | |
NON-CURRENT LIABILITIES | ||
Long-term deposits and payables | 10,514 | 10,513 |
Long-term borrowings | 2,436,500 | 2,787,606 |
Lease liabilities | 32,620 | 46,865 |
Deferred income | 131,892 | 146,146 |
2,611,526 | 2,991,130 | |
CURRENT LIABILITIES | ||
Trade and other payables | 5,258,401 | 5,735,186 |
Warranty obligations | 850,017 | 791,225 |
Accrued mark-up | 49,881 | 56,519 |
Unclaimed dividend | 109,098 | 110,457 |
Unpaid dividend | 31,712 | 26,809 |
Current portion of long-term borrowing | 757,095 | 769,860 |
Current portion of lease liabilities | 24,212 | 28,932 |
Current portion of deferred income | 54,114 | 56,166 |
Short-term borrowings | 850,000 | 780,000 |
Income tax - net | 911,102 | 917,217 |
8,895,632 | 9,272,371 | |
CONTINGENCIES AND COMMITMENTS | ||
TOTAL EQUITY AND LIABILITIES | 48,744,888 | 45,350,253 |
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS FOR THE HALF YEAR AND QUARTER ENDED DECEMBER 31, 2025 (UNAUDITED)
Half year ended | Quarter ended | ||||||
December 31, December 31, | December 31, December 31, | ||||||
2025 | 2024 | 2025 | 2024 | ||||
----------(Rupees in '000)--------- | ----------(Rupees in '000)--------- | ||||||
Revenue from contracts with customers | 18,611,561 | 13,237,199 | 9,133,146 | 7,486,106 | |||
Cost of sales | (16,786,413) | (11,944,725) | (8,168,059) | (6,674,719) | |||
Gross profit | 1,825,148 | 1,292,474 | 965,087 | 811,387 | |||
Distribution and selling expenses | (581,425) | (418,827) | (255,966) | (226,214) | |||
Administrative expenses | (814,283) | (714,362) | (402,316) | (356,519) | |||
Other charges | (31,421) | (10,569) | (22,273) | (10,508) | |||
(1,427,129) | (1,143,758) | (680,555) | (593,241) | ||||
Other income | 4,853,898 | 1,973,025 | 4,611,933 | 1,217,507 | |||
5,251,917 | 2,121,741 | 4,896,465 | 1,435,653 | ||||
Finance costs | (206,148) | (353,344) | (98,928) | (163,214) | |||
Profit before levy and taxation | 5,045,769 | 1,768,397 | 4,797,537 | 1,272,439 | |||
Levy | (19,192) | (154,847) | 26,316 | (50,279) | |||
Profit before taxation | 5,026,577 | 1,613,550 | 4,823,853 | 1,222,160 | |||
Taxation | (393,687) | (268,315) | (373,238) | (205,843) | |||
Profit after taxation | 4,632,890 | 1,345,235 | 4,450,615 | 1,016,317 | |||
Rupees | Rupees | Rupees | Rupees | ||||
Basic and diluted earnings per share | 57.17 | 16.60 | 54.93 | 12.54 | |||
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE HALF YEAR AND QUARTER ENDED DECEMBER 31, 2025 (UNAUDITED) Half year ended Quarter ended December 31, December 31, December 31, December 31, 2025 2024 2025 2024 ----------(Rupees in '000)--------- ----------(Rupees in '000)---------
Profit after taxation 4,632,890 1,345,235 4,450,615 1,016,317
Other comprehensive income / (loss) Items that will not be reclassified to the unconsolidated condensed interim statement of profit or loss in subsequent periods - net of taxNet unrealised gain / (loss) on revaluation of long-term investments classified at fair value through other
comprehensive income (FVOCI) - net of tax 4,267 55,253 (56,374) 73,485
Total comprehensive income 4,637,157 1,400,488 4,394,241 1,089,802UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (UNAUDITED)
RESERVES | |||||
Issued, subscribed & paid-up capital | Capital | Revenue | Total Equity | ||
General Reserve | Unappropriated profit | Gain on revaluation of investments classified at | |||
FVOCI | |||||
------------------------------------------------------ (Rupees in '000) ----------------------------------------------------- | |||||
Balance as at June 30, 2024 (audited) | 405,150 | 1,006,915 | 27,388,500 | 2,153,887 | 292,812 | 31,247,264 |
Transfer to general reserve | - | - | 1,600,000 | (1,600,000) | - | - |
Final dividend @ Rs. 6.00 per share for the year ended June 30, 2024 | - | - | - | (486,179) | - | (486,179) |
Profit after taxation | - | - | - | 1,345,235 | - | 1,345,235 |
Other comprehensive income | - | - | - | - | 55,253 | 55,253 |
Total comprehensive income | - | - | - | 1,345,235 | 55,253 | 1,400,488 |
Balance as at Decemebr 31, 2024 (Unaudited) | 405,150 | 1,006,915 | 28,988,500 | 1,412,943 | 348,065 | 32,161,573 |
Balance as at June 30, 2025 (audited) | 405,150 | 1,006,915 | 28,988,500 | 2,301,313 | 384,874 | 33,086,752 |
Transfer to general reserve | - | - | 1,800,000 | (1,800,000) | - | - |
Final dividend @ Rs. 6.00/- per share for the year ended June 30, 2025 | - | - | - | (486,179) | - | (486,179) |
Profit after taxation | - | - | - | 4,632,890 | - | 4,632,890 |
Other comprehensive income | - | - | - | - | 4,267 | 4,267 |
Total comprehensive income | - | - | - | 4,632,890 | 4,267 | 4,637,157 |
Balance as at Decemebr 31, 2025 (Unaudited) | 405,150 | 1,006,915 | 30,788,500 | 4,648,024 | 389,141 | 37,237,730 |
THAL LIMITED UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (UNAUDITED) | ||
December 31, | December 31, | |
2025 - (Rupees | 2024 in '000)-------------- | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Profit before taxation | 5,026,577 | 1,613,550 |
Adjustments for non-cash charges and other items: | ||
Levy | 19,192 | 154,847 |
Depreciation on: | ||
- Right-of-use assets | 18,900 | 11,845 |
- Others | 551,321 | 536,812 |
Gain on disposal of operating fixed assets | (14,285) | (9,835) |
Amortization | 63,640 | 56,471 |
Finance cost of: | ||
- Lease liabilities against right-of-use assets | 3,067 | 2,663 |
- Others | 203,081 | 350,681 |
Dividend income | (4,224,110) | (1,126,814) |
Interest income | (65,847) | (67,613) |
Gain on revaluation / redemption of investments classified at fair value through profit or loss | (358,998) | (660,743) |
Provision / (reversal) of allowance for expected credit losses | (18,451) | (18,503) |
Provision for obsolescence of inventories | (58,838) | (35,390) |
Liability no longer payable | - | (622) |
Provision for retirement benefits | 10,664 | 8,746 |
(3,870,664) | (797,455) | |
Decrease / (Increase) in current assets | ||
Stores, spares and loose tools | (404) | (11,385) |
Stock-in-trade | (86,041) | (1,478,831) |
Trade debts | 316,388 | 723,643 |
Loans and advances | (6,731) | (107,276) |
Trade deposits and short-term prepayments | 23,551 | 12,747 |
Other receivables | (6,246) | 8,913 |
Sales tax refundable | (45,109) | (334,410) |
195,408 | (1,186,599) | |
(Increase) / Decrease in current liabilities | ||
Trade and other payables | (390,787) | 625,586 |
Cash generated from operations | 960,534 | 255,082 |
Finance costs paid | (212,786) | (365,608) |
Retirement benefits paid | (17,139) | (16,433) |
Income taxes and levies paid | (497,888) | (409,505) |
Long-term deposits - net | 2,515 | (504) |
Net cash generated from / (used in) operating activities | 235,236 | (536,968) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Additions to property, plant and equipment | (465,492) | (521,285) |
Additions to intangible assets | (3,653) | (38,666) |
Proceeds from disposal of operating fixed assets | 58,035 | 32,744 |
Dividend income received | 4,224,110 | 1,126,814 |
Interest income received | 32,568 | (121,324) |
Advance against issue of shares | (560,000) | - |
Long-term investment - net | (351,461) | - |
Short-term investments - net | (4,170,308) | 493,884 |
Net cash generated from investing activities | (1,236,201) | 972,167 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Principal portion of lease rentals paid | (18,965) | (14,182) |
SBP's Temporary Economic Refinance Facility repaid | (91,826) | (92,697) |
SBP's Financing Scheme for Renewable Energy repaid | (18,037) | 11,544 |
Long-term financing repaid | (270,314) | (122,854) |
Dividends paid | (482,635) | (481,022) |
Net cash used in financing activities | (811,777) | (699,211) |
Net decrease in cash and cash equivalents | (1,812,742) | (264,012) |
Cash and cash equivalents at the beginning of the period | 3,553,294 | 1,924,270 |
Cash and cash equivalents at the end of the period | 1,740,552 | 1,660,258 |
Cash and bank balances | 1,240,552 | 988,491 |
Short-term investments | 500,000 | 678,079 |
Bank overdraft facility | - | (6,312) |
Total cash and cash equivalents | 1,740,552 | 1,660,258 |
THAL LIMITED CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025
ASSETS
NON-CURRENT ASSETSAnnexure B
(Un-audited) (Audited) December 31, June 30, 2025 2025 ----------------(Rupees in '000)----------------Property, plant and equipment | 7,033,737 | 7,158,144 | |
Intangible assets | 157,546 | 217,355 | |
Investment property | 5,827,307 | 5,451,474 | |
Long-term investments | 35,039,286 | 33,754,231 | |
Long-term deposits and advances | 35,635 | 37,306 | |
48,093,511 | 46,618,510 | ||
CURRENT ASSETS | |||
Stores, spares and loose tools | 287,718 | 281,810 | |
Stock-in-trade | 10,318,086 | 10,158,067 | |
Trade debts | 5,688,990 | 5,894,553 | |
Loans and advances | 397,753 | 210,935 | |
Trade deposits and short-term prepayments | 240,296 | 200,559 | |
Interest accrued | 18,211 | 32,162 | |
Other receivables | 1,055,069 | 1,027,881 | |
Short-term investments | 17,572,738 | 14,115,256 | |
Sales tax refundable | 68,256 | 15,172 | |
Cash and bank balances | 2,421,300 | 2,457,031 | |
38,068,417 | 34,393,426 | ||
TOTAL ASSETS | 86,161,928 | 81,011,936 | |
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES | |||
Authorised capital | |||
200,000,000 (June 30, 2025: 200,000,000) ordinary shares of Rs.5 each | 1,000,000 | 1,000,000 | |
Issued, subscribed and paid-up capital | |||
81,029,909 (June 30, 2025: 81,029,909) ordinary shares of Rs. 5/- each | 405,150 | 405,150 | |
Reserves | 56,456,452 | 51,834,989 | |
Equity attributable to equity holders' of the parent | 56,861,602 | 52,240,139 | |
Non-controlling interest | 7,514,135 | 7,319,592 | |
64,375,737 | 59,559,731 | ||
NON-CURRENT LIABILITIES | |||
Long-term deposits and liability | 346,456 | 341,519 | |
Long-term borrowings | 2,489,839 | 2,847,892 | |
Lease liabilities against right-of-use assets | 998,522 | 926,314 | |
Deferred income | 131,892 | 146,146 | |
Deferred tax liability | 5,625,479 | 5,361,046 | |
9,592,188 | 9,622,917 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 6,642,055 | 6,984,000 | |
Warranty Provision | 928,457 | 856,767 | |
Accrued mark-up | 49,883 | 70,975 | |
Unclaimed dividend | 109,098 | 110,457 | |
Unpaid dividend | 31,712 | 26,809 | |
Current portion of long-term borrowings | 778,987 | 782,914 | |
Current portion of lease liabilities against right-of-use assets | 36,993 | 145,388 | |
Current portion of deferred income | 54,114 | 56,166 | |
Short-term borrowings | 1,221,737 | 1,073,920 | |
Income Tax - net | 2,340,967 | 1,721,892 | |
12,194,003 | 11,829,288 | ||
CONTINGENCIES AND COMMITMENTS | |||
TOTAL EQUITIES AND LIABILITIES | 86,161,928 | 81,011,936 |
CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE HALF YEAR AND QUARTER ENDED DECEMBER 31, 2025 Half year ended Quarter ended
December 31, | December 31, | December 31, | December 31, | ||||
2025 | 2024 | 2025 | 2024 | ||||
-----------(Rupees in '000)----------- -------------(Rupees in '000)------------- | |||||||
Revenue - net | 20,662,687 | 14,877,484 | 10,244,902 | 8,377,391 | |||
Cost of sales | (18,849,685) | (13,546,374) | (9,323,435) | (7,522,785) | |||
Gross Profit | 1,813,002 | 1,331,110 | 921,467 | 854,606 | |||
Distribution and selling expenses | (600,325) | (429,678) | (267,280) | (232,174) | |||
Administrative expenses | (1,192,782) | (1,008,323) | (568,686) | (505,527) | |||
Other charges | (35,884) | (13,210) | (26,303) | 29,280 | |||
(1,828,991) | (1,451,211) | (862,269) | (708,421) | ||||
Other income | 2,750,926 | 3,262,345 | 1,410,128 | 1,426,873 | |||
Operating Profit | 2,734,937 | 3,142,244 | 1,469,326 | 1,573,058 | |||
Finance costs | (324,971) | (486,896) | (158,489) | (222,440) | |||
2,409,966 | 2,655,348 | 1,310,837 | 1,350,618 | ||||
Share of net profit of associates - after tax | 5,105,179 | 3,652,207 | 3,240,091 | 1,555,068 | |||
Profit before levy and taxation | 7,515,145 | 6,307,555 | 4,550,928 | 2,905,686 | |||
Levy | (38,902) | (259,578) | (8,833) | (11,677) | |||
Profit before taxation | 7,476,243 | 6,047,977 | 4,542,095 | 2,894,009 | |||
Taxation | (1,945,004) | (1,720,665) | (1,094,525) | (902,653) | |||
Profit after taxation | 5,531,239 | 4,327,312 | 3,447,570 | 1,991,356 | |||
Attributable to: | |||||||
- Equity holders of the Holding Company | 5,086,000 | 3,830,600 | 3,241,681 | 1,787,589 | |||
- Non-controlling interest | 445,239 | 496,712 | 205,889 | 203,767 | |||
5,531,239 | 4,327,312 | 3,447,570 | 1,991,356 | ||||
Rupees | Rupees | Rupees | Rupees | ||||
Basic and diluted earnings per share attributable to the equity holders of the Holding Company | 62.77 | 47.27 | 40.01 | 22.06 | |||
CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE HALF YEAR AND QUARTER ENDED DECEMBER 31, 2025
Half year ended Quarter ended | ||||
December 31, | December 31, | December 31, | December 31, | |
2025 | 2024 | 2025 | 2024 | |
------------(Rupees in '000)------------ ------------(Rupees in '000)------------ | ||||
Profit after taxation | 5,531,239 | 4,327,312 | 3,447,570 | 1,991,356 |
Other comprehensive income | ||||
Gain / (loss) on revaluation of investments at fair value through other comprehensive income | 4,268 | 55,253 | (56,372) | 73,485 |
Share of actuarial loss on remeasurement of | ||||
defined benefit plans of associates | 17,373 | 7,950 | 17,373 | 757 |
Total comprehensive income for the period, | ||||
net of tax | 5,552,880 | 4,390,515 | 3,408,571 | 2,065,598 |
Attributable to: | ||||
- Equity holders of the Holding Company | 5,107,641 | 3,893,803 | 2,963,332 | 1,861,831 |
- Non-controlling interest | 445,239 | 496,712 | 205,889 | 203,767 |
5,552,880 | 4,390,515 | 3,169,221 | 2,065,598 | |
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE HALF YEAR ENDED DECEMBER 31, 2025
RESERVES | ||||||
Capital | Revenue | |||||
Issued, subscribed & paid-up capital | General Reserve | Unappropriated profit | Gain / (loss) on revaluation of investments classified at FVOCI | Non-controlling interest | Total equity | |
--------------------------- Rupees in thousands -------------------------- | ||||||
Balance as at July 1, 2024 | 405,150 | 1,019,140 | 27,388,500 | 16,585,187 | 292,812 | 7,271,332 | 52,962,121 |
Transfer to general reserve | - | - | 1,600,000 | (1,600,000) | - | - | - |
Final dividend @ Rs. 6/- per share for the year ended June 30, 2024 | - | - | - | (486,179) | - | - | (486,179) |
Subsidiary Company Final dividend @ Rs. 1.453/- per share for the year ended June 30, 2024 | - | - | - | - | - | (197,642) | (197,642) |
1st Interim dividend @ Rs. 1.953/- per share | |||||||
for the year ended June 30, 2025 | - | - | - | - | - | (265,626) | (265,626) |
Profit for the period | - | - | - | 3,830,600 | - | 496,712 | 4,327,312 |
Other comprehensive income | - | - | - | 7,950 | 55,253 | - | 63,203 |
Total comprehensive income | - | - | - | 3,838,550 | 55,253 | 496,712 | 4,390,515 |
Balance as at December 31, 2024 (Un-audited) | 405,150 | 1,019,140 | 28,988,500 | 18,337,558 | 348,065 | 6,841,507 | 56,403,188 |
Balance as at July 1, 2025 | 405,150 | 1,019,140 | 28,988,500 | 21,442,475 | 384,874 | 7,319,592 | 59,559,731 |
Transfer to general reserve | - | - | 1,800,000 | (1,800,000) | - | - | - |
Final dividend @ Rs. 6.00/- per share | |||||||
for the year ended June 30, 2025 | - | - | - (486,179) - - (486,179) | ||||
Subsidiary Company | |||||||
Final dividend @ Rs. 0.47/- per share | |||||||
for the year ended June 30, 2025 | - | - | - - - (63,562) (63,562) | ||||
1st Interim dividend @ Rs. 1.28/- per share | |||||||
for the year ending June 30, 2026 | - | - | - - - (187,133) (187,133) | ||||
Profit for the period | - | - | - | 5,086,000 | - | 445,239 | 5,531,239 |
Other comprehensive loss | - | - | - | 17,373 | 4,268 | - | 21,641 |
Total comprehensive income | - | - | - 5,103,373 4,268 445,239 5,552,880 | ||||
Balance as at December 31, 2025 (Unaudited) 405,150 1,019,140 30,788,500 24,259,669 389,142 7,514,136 64,375,737
CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED) FOR THE HALF YEAR ENDED DECEMBER 31, 2025
Half year ended
CASH FLOWS FROM OPERATING ACTIVITIES | December 31, 2025 - (Rupees in | December 31, 2024 '000)--------------- | ||
Profit before taxation and levy | 7,476,243 | 6,047,977 | ||
Adjustments for non-cash charges and other items: | ||||
Levy | 38,902 | 259,578 | ||
Depreciation on: | ||||
- Right-of-use assets | 26,432 | 14,492 | ||
- Others | 803,197 | 809,821 | ||
Gain on disposal of property, plant and equipment | (16,834) | (14,940) | ||
Amortisation | 63,640 | 56,607 | ||
Share in profit of associates - after taxation | (5,105,179) | (3,652,207) | ||
Finance cost of: | ||||
- Lease liabilities | 87,435 | 68,974 | ||
- Others | 237,536 | 417,922 | ||
Dividend income | (23,858) | (219,397) | ||
Interest income | (132,495) | (712,847) | ||
Liability no longer payable | - | (622) | ||
Gain on revaluation / redemption of investments classified at fair value through profit or loss | (711,688) | (660,743) | ||
Provision/(reversal) of allowance for expected credit loss | (18,451) | (18,503) | ||
Provision for obsolescence of inventories | (66,029) | (19,175) | ||
Reclassification of associate to FVOCI | 113,706 | - | ||
Provision for impairment of assets classified as held for sale | - | - | ||
Provision of loan to subsidiary | - | - | ||
Provision for retirement benefits | 10,664 | 8,746 | ||
(4,693,022) | (3,662,294) | |||
2,783,221 | 2,385,683 | |||
Increase in current assets | ||||
Stores, spares and loose tools | (5,908) | (20,248) | ||
Stock-in-trade | (160,019) | (1,336,696) | ||
Trade debts | 224,014 | 1,052,071 | ||
Loans and advances | (186,818) | (105,557) | ||
Trade deposits and short-term prepayments | (39,738) | (5,377) | ||
Other receivables | (27,559) | (3,049) | ||
Sales tax refundable | (53,092) | (268,326) | ||
Decrease in current liabilities | ||||
Deferred income | 1,965 | 24,018 | ||
Trade and other payables | (254,859) | 537,090 | ||
(502,015) | (126,074) | |||
Cash generated from operations | 2,281,206 | 2,259,609 | ||
Finance costs paid | (346,067) | (524,715) | ||
Retirement benefits paid | (21,646) | (16,024) | ||
Income tax and levies paid | (1,152,462) | (905,891) | ||
Long-term deposits - net | 4,093 | 1,722 | ||
Net cash generated from operating activities | 765,124 | 814,701 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Additions to property, plant and equipment | (627,858) | (613,910) | ||
Additions to investment property | (505,623) | 696 | ||
Additions to intangible assets | (3,826) | (38,735) | ||
Proceeds from disposal of property, plant and equipment | 69,260 | 41,055 | ||
Dividends received | 3,866,516 | 900,678 | ||
Interest income received | (134,241) | 160,464 | ||
Short-term investments - net | (4,136,954) | (320,822) | ||
Net cash (used in) generated from investing activities | (1,472,726) | 129,426 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Principal portion of lease rentals paid | (36,187) | (30,065) | ||
Issue of ordinary shares | - | - | ||
Export Refinance Facility obtained | 70,000 | - | ||
SBP's Temporary Economic Refinance Facility repaid | (91,826) | (92,697) | ||
SBP's Financing Scheme for Renewable Energy repaid | (18,037) | 11,544 | ||
Long term borrowing for energy projects | (268,422) | (561,526) | ||
Dividends paid | (733,330) | (758,983) | ||
Net cash used in financing activities | (1,077,802) | (1,431,727) | ||
NET DECREASE IN CASH AND CASH EQUIVALENTS | (1,785,404) | (487,600) | ||
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 4,334,967 | 2,412,153 | ||
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 2,549,563 | 1,924,553 | ||
Cash and bank balances | 2,421,300 | 1,510,903 | ||
Short-term investments | 500,000 | 678,079 | ||
Short-term running finance | (371,737) | (264,429) | ||
2,549,563 | 1,924,553 | |||