Financial Results for the Year Ended June 30, 2025

NON-CURRENT ASSETS

Property, plant and equipment

5,798,910

6,119,445

Intangible assets

217,162

252,199

Investment property

968

972

Long-term investments

13,173,799

13,081,737

Long-term deposits and advances

32,612

31,321

Deferred tax asset

604,750

302,917

19,828,201

19,788,591

CURRENT ASSETS

Stores, spares and loose tools

241,207

221,519

Stock-in-trade

9,336,459

7,772,559

Trade debts

5,709,342

4,969,103

Loans and advances

182,862

162,431

Trade deposits and short-term prepayments

183,488

144,692

Interest accrued

16,103

21,024

Other receivables

943,049

939,418

Short-term investments

7,510,036

7,288,577

Sales tax ref undable - net

18,068

-

Cash and bank balances

1,381,438

1,447,121

25,522,052

22,966,444

TOTAL ASSETS

45,350,253

42,755,035

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorised capital

200,000,000 (2024: 200,000,000) ordinary shares of Rs.5/- each

1,000,000

1,000,000

Issued, subscribed and paid-up capital

405,150

405,150

Reserves

32,681,602

30,842,114

33,086,752

31,247,264

NON-CURRENT LIABILITIES

Long-term deposits and payables

10,513

10,513

Long-term borrow ings

2,787,606

3,568,823

Lease liabilities

46,865

24,809

Deferred income

146,146

202,323

2,991,130

3,806,468

CURRENT LIABILITIES

Trade and other payables

5,735,186

4,814,297

Warranty obligations

791,225

921,900

Accrued mark-up

56,519

95,290

Unclaimed dividend

110,457

107,990

Unpaid dividend

26,809

23,137

Current portion of long-term borrow ing

769,860

417,041

Current portion of lease liabilities

28,932

29,996

Current portion of def erred income

56,166

63,487

Short-term borrow ings

780,000

780,000

Income tax - net

917,217

446,812

Sales tax payable - net

-

1,353

9,272,371

7,701,303

CONTINGENCIES AND COMMITMENTS

TOTAL EQUITY AND LIABILITIES

45,350,253

42,755,035

other comprehensive income (FVOCI)

92,062

140,161

Total comprehensive income for the year

2,649,787

2,330,589

RESERVES

Issued, subscribed and paid-up capital

Capital reserve

General reserve

Unappropr-iated profits

Remeasurement of investment at fair value through other

comprehensive

Total equity

income

-

-

-

(526,695)

-

(526,695)

-

-

-

(162,060)

-

(162,060)

Balance as at July 1, 2023

405,150

1,006,915

25,388,500

2,652,214

152,651

29,605,430

Transfer to general reserve

-

-

2,000,000

(2,000,000)

-

-

Transactions with owners

Final dividend @ Rs 6.50/- per share for the year ended June 30, 2023

Interim dividend @ Rs 2.00/- per share

for the year ended June 30, 2024

-

-

-

(688,755)

-

(688,755)

Profit for the year

-

-

-

2,190,428

-

2,190,428

Other comprehensive loss

-

-

-

-

140,161

140,161

Total comprehensive income for the year

-

-

-

2,190,428

140,161

2,330,589

Balance as at June 30, 2024

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)

-

-

Transactions with owners

Final dividend @ Rs 6.00/- per share for the year ended June 30, 2024

Interim dividend @ Rs 4.00/- per share

-

-

-

(486,179)

-

(486,179)

for the year ended June 30, 2025

-

-

-

(324,120)

-

(324,120)

-

-

-

(810,299)

-

(810,299)

Profit for the year

-

-

-

2,557,725

-

2,557,725

Other comprehensive Income

-

-

-

-

92,062

92,062

Total comprehensive income for the year

-

-

-

2,557,725

92,062

2,649,787

Balance as at June 30, 2025

405,150

1,006,915

28,988,500

2,301,313

384,874

33,086,752

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations

846,726

3,582,808

Finance costs paid

(696,774)

(709,785)

Retirement benefits paid

(15,364)

(9,890)

Income taxes paid

(749,671)

(698,045)

Warranty paid

(12,644)

(6,339)

Levies paid

(402,637)

(129,567)

Long-term deposits - net

(1,291)

4,479

Net cash (used in) / generated from operating activities

(1,031,655)

2,033,661

CASH FLOWS FROM INVESTING ACTIVITIES

Additions to property, plant and equipment

(767,884)

(1,000,529)

Additions to intangible assets

(85,341)

(232,924)

Proceeds from disposal of operating fixed assets

49,515

38,383

Long-term advances

-

244,837

Long-term investments in subsidiary

-

(60,000)

Short-term investments - net

2,522,907

(3,254,377)

Long-term loans (issued) / repaid by subsidiaries - net

-

(10,000)

Dividend income

2,119,991

2,252,002

Interest income

88,478

110,653

Net cash generated from / (used in) investing activities

3,927,666

(1,911,955)

CASH FLOWS FROM FINANCING ACTIVITIES

Principal portion of lease rentals

(34,429)

(25,005)

Short-term borrowings obtained

-

225,000

SBP's Temporary Economic Refinance Facility repaid

(130,708)

(144,060)

SBP's Financing Scheme for Renewable Energy (repaid) / obtained - net

(41,320)

(12,235)

Long-term loans (repaid) / obtained

(256,370)

279,979

Dividends paid

(804,160)

(684,610)

Net cash used in financing activities

(1,266,987)

(360,931)

Net increase / (decrease) in cash and cash equivalents

1,629,024

(239,225)

Cash and cash equivalents at the beginning of the year

1,924,270

2,163,495

Cash and cash equivalents at the end of the year

3,553,294

1,924,270

Revenue from contracts with customers - net

33,127,414

29,405,904

Cost of sales

(29,994,791)

(26,594,269)

Gross profit

3,132,623

2,811,635

Distribution and selling expenses

(885,731)

(814,860)

Administrative expenses

(2,295,395)

(1,997,121)

Other charges

(392,133)

(88,542)

(3,573,259)

(2,900,523)

Other income

6,162,574

5,617,014

Operating profit

5,721,938

5,528,126

Finance costs

(832,856)

(1,008,260)

4,889,082

4,519,866

Share of profit after tax of associates and joint venture

7,201,583

9,014,507

Profit before taxation and levy

12,090,665

13,534,373

Levy

(99,624)

(710,403)

Profit before taxation

11,991,041

12,823,970

Taxation

(3,887,171)

(3,445,414)

Profit for the year

8,103,870

9,378,556

Attributable to

- Equity holders of the Holding Company

7,255,552

8,512,687

- Non-controlling interest

848,318

865,869

8,103,870

9,378,556

NON-CURRENT ASSETS

Property, plant and equipment

7,158,144

7,539,917

Intangible assets

217,355

252,469

Investment properties

5,451,474

5,570,223

Long-term investments

33,754,231

27,283,036

Long-term deposits and advances

37,306

36,296

CURRENT ASSETS

46,618,510

40,681,941

Stores, spares and loose tools

281,810

256,820

Stock-in-trade

10,158,067

8,524,650

Trade debts

5,894,553

5,324,021

Loans and advances

210,935

182,066

Trade deposits and short-term prepayments

200,559

159,003

Interest accrued

32,162

43,082

Other receivables

1,027,881

1,045,041

Short-term investments

14,115,256

13,456,918

Sales tax refundable

15,172

80,590

Cash and bank balances

2,457,031

2,227,608

34,393,426

31,299,799

TOTAL ASSETS

81,011,936

71,981,740

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorised capital

200,000,000 (2024: 200,000,000) ordinary shares of Rs. 5/- each

1,000,000

1,000,000

Issued, subscribed and paid-up capital

405,150

405,150

Reserves

51,834,989

45,285,639

Equity attributable to shareholders of the Holding Company

52,240,139

45,690,789

Non-controlling interest

7,319,592

7,271,332

59,559,731

52,962,121

NON-CURRENT LIABILITIES

Long term deposits and payables

341,519

343,417

Long-term borrowings

2,847,892

3,922,134

Lease liabilities

926,314

861,696

Deferred income

146,146

202,323

Deferred tax liability

5,361,046

4,061,328

CURRENT LIABILITIES

9,622,917

9,390,898

Trade and other payables

6,984,000

5,715,756

Warranty obligation

856,767

986,538

Accrued markup

70,975

144,209

Unclaimed dividend

110,457

107,990

Unpaid dividend

26,809

23,137

Current portion of long-term borrowings

782,914

521,937

Current portion of lease liabilities

145,388

131,263

Current portion of deferred income

56,166

63,487

Short-term borrowings

1,073,920

1,074,831

Income tax - net

1,721,892

859,573

CONTINGENCIES AND COMMITMENTS

11,829,288

9,628,721

TOTAL EQUITY AND LIABILITIES

81,011,936

71,981,740

Share of actuarial gain on remeasurement of

defined benefit plans of associates - net of tax

Gain on revaluation on equity investments at

fair value through other comprehensive income

12,036

92,062

14,601

140,161

104,098

154,762

Total comprehensive income for the year

8,207,968

9,533,318

Attributable to

- Equity holders of the Holding Company

7,359,650

8,667,449

- Non-controlling interest

848,318

865,869

8,207,968

9,533,318

RESERVES

Ca pita l re se rve s

Ge ne ra l re se rve

Una ppropria t e d profit

Re measure

me nt of inve stme nt

a t fa ir va lue

through othe r

compre he n

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations

4,059,828

5,707,996

Finance costs paid

(837,959)

(964,031)

Retirement benefits paid

(131,972)

(9,221)

Income tax and levies paid

(1,824,756)

(1,932,604)

Warranty paid

(13,680)

(6,339)

Long term deposits - net

(1,010)

6,035

Long-term deposits and payables

(1,898)

244,837

Net cash generated from operating activities

1,248,553

3,046,673

CASH FLOWS FROM INVESTING ACTIVITIES

Addition to property, plant and equipment

(1,026,021)

(1,142,986)

Addition to intangible assets

(85,341)

(232,973)

Addition to investment property

(207,990)

(81,444)

Proceeds from disposal of operating fixed assets

83,904

82,875

Proceeds from disposal of investment property

-

1,620

Long-term investment made during the year

-

(59,590)

Short term investments during the year - net

2,982,015

(3,905,790)

Dividend income received during the year

923,895

2,154,480

Long term prepayments

-

22,501

Interest income received during the year

474,168

629,922

Net cash generated from / (used in) investing activities

3,144,630

(2,531,385)

CASH FLOWS FROM FINANCING ACTIVITIES

Principal portion of lease rentals received / (paid)

(52,886)

(30,683)

Short-term borrowings (repaid) / obtained

-

225,000

SBP's Temporary Economic Refinance Facility repaid

(130,708)

(144,060)

SBP's Financing Scheme for Renewable Energy repaid - net

(41,320)

(12,235)

Long-term loan obtained

(641,237)

731,442

Dividends paid

(1,604,219)

(1,310,799)

Net cash used in financing activities

(2,470,370)

(541,335)

NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS

1,922,814

(26,047)

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR

2,412,153

2,438,200

CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR

4,334,967

2,412,153