C O M P A N Y L I M I T E D
FORM 3
Th e Gene rat M an ager
Pakistan Stock Exchan ge Limited Stock Exchan ge BuiIdin g
Stock Exchan ge Road
Karachi
September 08, 2025
Su bj ect: FinanciaI res ults for the yea r ended June 30, 202 5
Dear Sir
We have to info rm yo u that the Board of Directors of our comp an y in the ir meet in g h el d on September 08, 2025 at 2: 00 p.m. at its registere d office located C L/5-4 State Life Bu iIding # 10, Abdullah Haroon Road, Karachi h ave recommended the follow in g for the yea r ended June 3 0, 202 5.
Cash divide nd
Bo nus shares
Right sh ares
Any othe r en title ment / corporate action
Price Sensitive Info rm ation:
Nil NiI Nil NiI
The Board of Directors, afte r evaluating variou s option s, has approved the issuan ce of a Sukuk amo unting to PKR 5.5 billion , inc luding a Green Sh oe Option of PK R 500 miIli on. Th ese fun ds along with the Company's internally generated fund s will be used to expand the Comp any's existing production capacity and/or the acquisition of an already operation aI comp an y.
Th roug h this initiative, the Compa ny aim s to accelerate growth, diversify reven ue stream s , an d st ren gthen its competitive positio n in the market. These investments a re expected to generate sustainable returns, enhance long-term profitability, and ultimately create greater value for shareholders.
An n uaI G enera I M eeti ng & Boo k Clos ure Dates:
The Annu al General M eetin g of the Company will be held on Tuesday, October 07, 2025 a1 11: 30 a.m.at, Karachi.
The Sh are Transfer Books of the Company for Ordinary Shares will rema in c losed from September 30, 2025 to October 07, 2025 (both days inclusive). Transfers received at, M/s TH K Associates (Pvt) Limited, Plot No. 32-C , Jami Commercial Street 2, D.H. A Phase VI I, Ka rachi at the close of buSin ess on Se ptember 29, 2025 will be treated as being in time to attend I he meeting .
The financial result s of the Company are attached hefewith .
"r o"
K a m ra n Munir An s*â
Chief E x ec ut i v e Offi c er
He ad Office:
CL 5/4, State Life Building # 10
ñJa n fibdul)a)J Haroon R oad, Karacl» 75350
Tel : 92 21 1g 1 842 882
Fax 92 21 35G65 976-77
Web W* 7w.lhaftacemcnt com
Page 1 of 1
Fa ctory:
Ghailamullah Road , Makii , D aJr›cT Thalta. Six dh 73160
Te1 92 208 11 842 882
Fax 92 206 555004
E-mail : info@ fhaltacemen I com
THATTA CEMENT COMPANY LIMITED UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 2025 2024
Note ------ (Rupees ia thousands) -------
Sales - gross | 11,142,255 | 9,977,643 | |
Sales tax and federal exrise duty | (3,575,841) | (2,456,066) | |
Sales - net | 7,566,414 | 7,521,577 | |
Cost of sales | 30 | (5,415,712) | (5,357.851) |
Gross profit | 2,150,702 | 2,163,726 | |
Selling and distribution cost | 31 | (45,877) | (54,805) |
Administrative expenses | 32 | (151,889) | (143,358) |
1,952,936 | 1,965,563 | ||
Other operating expenses | 33 | (269,726) | (183,479) |
Operating profit | l,683,2T0 | i,782,084 | |
Other income | 34 | ,999,t67 | 744,194 |
Finance cost | 35 | (43,032) | (53,291) |
Profit before taxation | 3,639,345 | 2,472,987 | |
Taxation | 36 | (1,082,762) | (971,950) |
Profit after taxation | 2,556,583 | 1,501,037 | |
Earnings per share - basic and diluted (Rupees) | 37 | 30.18 | 17.72 |
THATTA CEIIENT COMPANY" LII HTED tINCONSOLIDATED STATE61ENT OF FINANCIAL POSITION AS AT T(JNE 30, 2025
ASSETS
NON CURRENT ASSETS
2025 2024
-- (Rupees in thousands) -
Property, plant and equipment | 6 | 3,425,606 | 2,2}9,818 |
Intangibles | 7 | 1,755 | 2,925 |
Long term investment in subsidiary | 8 | 936,658 | 299,158 |
Long term deposits | 9 | 5,125 | 5,125 |
4,369,144 | 2.527,026 | ||
CURRENT ASI ETS |
Stores, spare parts and loose tools
Stovk-in-trade Trade debts Advances
Receivable from gratuity fund Deposits and prepayinents Short term investment
Other receivables and accrued mark-up
Cash and banL balances
10
358,337 | 176,343 |
62,238 | 243,941 |
166,366 | I38,875 |
162,050 | 25,474 |
123,100 | 23,100 |
t 1,317 | 7,300 |
I ,190,825 | |
192,810 | 340,08 I |
4,069,729 | 2,953.616 |
12
t3 14
15
16
17
T9
5,145,947 5.099,555
TOTAL ASSETS
EQUITY AND LMBILIMES
SHARE CAPITAL AND RESERVES
9,515.091
7,626,58 I
Authorized share capital | 20 | 2,0,00,000 | |||
Issued, subscribed and paid-up capital | 20 | 847.181 | 847,181 | ||
Reserves | 21 | 5,851,270 | 3,362,007 | ||
6,698,451 | 4,209,188 |
NON CURRENT LIABILITIES
long term deposits
Deferred taxation
CURRENT LIABILITIESTrade and other payables Short term borrowings Unclaimed dividend Unpaid dividend
Accrued mark-up Taxation- net
22
3,787 | 22,787 |
680.109 | 349,364 |
23
683,896
1,349,140 | 2,165,615 |
197,856 | 197,649 |
1.933 | 1,933 |
8,623 | |
8,937 | 11,91 I |
566,255 | 668.134 |
24
28
25
26
27
18
372.151
2,132,744 3,045,242
TOTAL EQUITY' AND LIABILITIES CONTINGEN 1fIT8I S
9,515,091
29
7,626,581
THATTA CEMENT COMI'ANY LIMITED
UNCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025
2025 2024
------ (Rupees in thousands) -------
Profit for the year | 2,556,583 | 1,501,037 | |
Other comprehensive income: | |||
Total comprehensive income for the year | 2,556,583 | 1,501,037 |
Head Office:
facto ry:
riixrrx cznizsi coiiranv rnirrzn
uucoNsorioxzrosearches or cocks ix xovrrv
FOR 3itE VEAR ENO£D 3WE TO, z025
Issued, subscribed and paid-up VB8'"' | Reserves | |||
Capital a-eszrve | Reven ue reserves | |||
see « P«mi«m | Unapproprioted profiH | |||
(RupxsioRou»nñ)
Balance as at July I , 2023
Transaction with owners
Final cash dividend @ Rs. 025 per share for the year ended June 30, 2021
Total comprehensive income for the year Profit for the year
Other comprehensive income for tfie year Balance as at July I , 2024
847,181
99.718
99,7t8
I.887.8 10
3.262.289
2,98g,709
4,209,t88
Tod comprehensive income for the year Profit for the year
2 8 2
- - 2dS6j83 jdS6S83
final cash dividend @ Rs. I per share For the year ended June 30, 2024
Interim cash dividend @ Rs. 0.S per share for the quarter ended September 30, 2024
Interim cash dividend @ Rs. 0.5 per share for the quarter ended December 3I ,
2024
Balance as at June 30. 2025
Head Office:
847, I BI 99,718
Factory
(67,320)
(33.660 | (33.660 | ||
( I 6,830) | (I 6,830) | ||
(I 6.830) | (16.830 |
5.75I,552
/7,320) 6,698 S!
THATTA CEAIENT COMPANY LIGHTED tINCONSOLIDATED STAYERJENT OF CASH FLO$VS FOR THE YEAR ENDED JUNE 30, 2025
Note
2025 2024
CASH FLOWS FROM OPERA,TING ACTIVITIES Profit before taxation | 3,639,345 | 2,472,987 | ||||
Adjustment for income and expenses: | ||||||
Depreciation on property, plant and equipment | 6.1.2 | |||||
Depreciation on right-of-use-assets | 32 | |||||
Amonization on iniangibles | 32 | |||||
Reversal of Provision for obselete and slow moving of major stores arld spares | 30 | |||||
Provision for obselett and slow moving stores and spares | 34 | |||||
Finance cost | 35 | |||||
Accumulated gain on plan assets | ||||||
Reversal for leave encasfiment | ||||||
Provision for loss allowance | 32 | |||||
Workers' Welfare Fund | ||||||
Workers' Profit Participation Fund | _ | 33 | ||||
Other charge Gain on seJe of pro@zty, plant aad equipment | 34 | |||||
192.643 | 3 I 3,829 | |||||
Operating cash flows before working capital changes | 3,831,988 | 2,786,816 | ||||
(Increase) / decrease in current assets | ||||||
Store. spare pazts aod loose tools | ||||||
Stock-ia-u ade | ||||||
Trade debts | ||||||
Advances | ||||||
Deposits and prepayments | ||||||
Other receivable and accrued mark-up | ||||||
(28,632) | 690,109 | |||||
(Decrease) / increase iii current liabilities | ||||||
Trade and other payables | (902,905) | 772.951 | ||||
Cesh generated from operations | 2,900,451 | 4,249,876 | ||||
Finance cost paid | (39.467) | (52,279) | ||||
Proneds from gratuity tuna | 200,000 | |||||
Leave encashment paid | (1,528) | |||||
Workers' Welfare Fund gaid | (50,473) | (8,015) | ||||
Workers' Profit Participation Fund paid | 24.4 | (139,362) | (2I,445) | |||
Income tax paid- net | 18 | 853,896) | (166,52) | |||
Net cash flows from operating activities | 2.017,253 | 4,000,084 | ||||
(Rupees in thousands)
175,986 | 142,803 |
1,170 | I, I'70 |
(2,999) | (6,217) |
7,108 | 5,646 |
43,032 | 33,291 |
(300,000) | |
(18,166) | |
420 | |
74,272 | 50,473 |
T95,4S# | 137,823 |
575 | |
(1,800) | (48,569) |
(189,102) | t7,6J0 |
181,703 | 689,595 |
(27,91 I) | 285,643 |
(l3 6,576) | 22,630 |
(4,017) | (1,758) |
j47,271 | (323,651) |
(1,378,775) | (530.860) |
1,190,825 | (967,110) |
(19,000) | 20,000 |
(637,500) | |
1,800 | 49.973 |
Addition in property plant and equipmeni Addition in intangible assets
Shon term investment Loan to subsidiuy
Long term deposit - assets Long term deposit - liabilities
further investment in subsidiaries
Proceeds from sale of progeny, plant and equipment
Buy back of shares (276,558)t
Net cash used in financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year
Head Office:
(58,697)
I, I 15,906
2,755,967
39 3,871,873
(276,?82)
2,295,505
460,462
2,'755,967
THATTA CEhIENT COi tPAN' LIGHTED CONSOLIDATED E i'ATEMENT OF PROFIT OR LOSS FOR THE $ EAR ENDED J tINE 30, 2fl2ñ
Note202fi 2024
(Rupees in thousands) ----
Sales • gross | J 3.?4S,273 | 10,169,026 | |
Sales tax and federal excise tiuty | (3,904,435) | (2,485.260) | |
Sales - net | 32 | 9,443.838 | 7,a83,1h6 |
Cost of sales | 33 | (6,492,697) | (5,336.048) |
Gross profit | 2,55 1,141 | 2,347,718 | |
Selling and distribution expenses | 34 | (45,877) | (54,805) |
Administrative expenses | 3S | ( 167,947) | (149.701) |
2,737,317 | 2, 43,212 | ||
Other operatins expenses | 36 | (269.726) | (183.495) |
Operating profit | 2,467,591 | 1,959,717 | |
Other income | 37 | 1,173,765 | 555,426 |
Finance cost | 38 | (202.724) | (240,798) |
Profit before taxation | 3,438,632 | 2.274,3J5 | |
Taxation | 39 | ( I ,094.4 19) | (995,729) |
Profit for the year | 2.344,2t 3 | 1.278.616 | |
Profit for the year attributab Ie to: | |||
- Equity holders of the Holding Company | 2,396.086 | 1,362,180 | |
- Non-controlling interests | (51,873) | (83,564) | |
2.344.213 | I,278.616 | ||
Earnings per share - basic and diluted (Rupees) | 40 | 28.28 | 16.08 |
THATTA Cf8IENT COMPANY' LIGHTED
CONSOLIDATED STATEâlENT OF FINANCIAL POSITION AS AT LINE 30, 202fi
ASSETS
NON CURRENT ASSETS
2025 2A24
-- (Rup•cs in thousands) -
Property, plant and equipment | 7 | 5,290,120 | 4,063,937 | |
Intangibles | 8 | 1,755 | 2,925 | |
Long term deposits | g | 5, i 25 | 5,125 | |
5,297,000 | 4,071,987 | |||
CITRENT ASSETS | ||||
Stores, spare parts and loose tools | 10 | 394,222 | 221,907 | |
Stock-in-trade | 1I | 558,533 | 250,702 | |
Trade debts | 12 | 1,226,288 | 745.025 | |
Advances | 13 | 167,086 | 38,486 | |
Receivable from gratuity fund | 14 | 123,100 | 23,100 | |
Deposits and prepayments | l5 | 217,840 | 233.502 | |
Short term investment | 16 | 1,190.825 | ||
Other receivables and accrued mark-up | 17 | 38,040 | 29,738 | |
Saies tax refundable | 134,644 | 40,396 | ||
Short term loan | 18 | 250,000 | ||
Cash and bank balances | 20 | 4,229,291 | 2,992,916 | |
7,339,044 | 5,766.597 | |||
TOTAL ASSETS | 12,636,044 | 9,838,584 | ||
EQUITY AND LIABILITIES | ||||
SHARE CAPITAL AND RESERVES | ||||
Authorized share capital | 21 | 2,000,000 | 2,000,000 | |
Issued, subscribed and paid-up capital | 2 I | 847,181 | 847,181 | |
Reserves | 22 | 7,134,572 | 4,425,387 | |
Equity attributable to the owners of the Holding Company | 7,981,753 | 5,272,568 | ||
Non-controlling interests | 178,613 | 821,280 | ||
Total equity | 8,160,366 | 6,093,848 | ||
NON CURRENT LMBILITIES
Long term financing Long term deposits Deferred taxation
CURRENT I.MBTLZTEES
Trade and other payables Unclaimed dividend Unpaid dividend Accmed mark-up
Current maturity of long term financing Taxation- net
Short term borrowings
TOTAL EQ iJITY AND LLABILITIES
CONTINGENCIES AND COFIMIT6'IENTS
23
24 3,787
25 680,109
683,896
1,864,507 | 1,423,518 |
1,933 | 1,933 |
8,623 | |
478,828 | 348,088 |
751,329 | 751,329 |
488,706 | 650,068 |
197,856 | 197,649 |
26
27
28
29
23
19
30
3,791,782
12,636,044
22,787
349,364
372,151
3,372,585
9,838,584
THATTA CEMENT COMPANY LIMITED CONSOLIDATED STATEMENT OF'COMPREHENSIYE INCOME
FOR THE YEAR ENDED JUNE 30, 2025
Note
2025 2024
(Rupees in thousands)
Profit for the year
2,344,213
1,278,616
Other comprehensive income:
Items that will not be subsequently reclassified to profit or loss:
Loss on remeasurement of defined benefit liability - Net of Tax
Total comprehensive income for the year
Total comprehensive income for the year attributable to:
- Equity holders of the Holding Company
2,344,213
2,396,086
1,178.616
1,362,1 B0
Non-controlling interests
H c I‹! 4fIi‹: r:
(51,873) (83,564)
2,344,213 1,278,616
THATTA CEMENT COC IPANY LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JIINE 30, 2025
Note
2025 2024
CASH FLOWS FROM OPERATING ACTIWTIES Pmfit before taxation | 3,438,632 | 2,274,345 | ||
Adjustment for: | ||||
Depreciation on property, plant and equipment | ||||
Amortization on intnngibles | 35 | |||
Reversal / (provision) for obsolete arrd slow moving of mejor stores end spares | 33 | |||
Reversal / (provision) for obsolete end slow moving stores and spares | 33 | |||
Finance cost | 38 | |||
Accumulated gsin on plan assets | 37 | |||
Reversal for leave encashment | ||||
Provision for loss allowance | 35 | |||
Workers' Welfare Fund | 36 | |||
Workers' Profit Participation Fund | 36 | |||
Other charge | ||||
Gain on safe ot property, plant and equipment | 37 | |||
474,996 | 629,252 | |||
Operating cash flows beFore working capital changes | 3.913.628 | 2,903,597 | ||
(lacrease) / decrease in correct ccsets | ||||
Stores, spare parts and loose tools | ||||
Stock-in-trade | ||||
Trade debts | ||||
Advances | ||||
Deposits and prepoyinents | ||||
Other receivable and accrued mak-up | ||||
Sales tax refundable | ||||
(1,184,887) | 875, 190 | |||
Trade and other payables | 354,559 | 101.411 | ||
3.083.300 | 3,880,198 | |||
Finance cost paid | (65,44 S) | |||
Proceeds fom gratuity fund Leave encashment paid | 200,000 | (1,528) | ||
Workers' Welfare Fund paid | 0473) | (8,01S) | ||
Workers' Profit Penicipation Fund paid | 26.3 | (139,362) | {21,445) | |
Income tax paid- net | (925,036) | (171.086) | ||
Net cash bows from operating activities | 2,102,984 | 3,623,835 | ||
CASH FLOWS FROM INMSTfNG ACTIVITIES |
(Rupaeinihousxnds
298,1 85 | 270.063 |
1,170 | l. 170 |
(2,999) | 8,390 |
7,570 | (8.505) |
202.724 (3oo,0oo) | 240.798 |
(18,166) | |
420 | |
74J72 | 50.473 |
I95,454 | I 32,823 |
57S | |
(1,800 | (48.569) |
(179.885) | 70.133 | |
(307,831) | 675,674 | |
(481,683) | 224,684 | |
(28600] | I 1,541 | |
15,662 | (I,758 | |
(8,302] | (4,688 | |
(40.396 |
Addition in property plant arid equipment
Short term investment
Long term deposit - liabilities F'urtfier investment in subsidiary
Proceeds fi"om safe oFproperty, plant and equipment
Net cash flows (used in) / generated from investing actiyiries
(485,244)
tl,329,829)
( I ,52 l,369) | (a32.692) |
t,t90,825 | (867510) |
(19,000 | 20,000 |
(137,500) | |
1,800 | 49,9'73 |
CASH FLOWS FROM FT ANCING AMIVITIES
Short tern loan
Dividend paid
I8 (250,000)
(131.572)
3oo,oo0
(24)
Buy back of sheres
(276,558)
Net cash used in financing activities
Net increase in cash and cash equivalents
(381,572)
I ,236,168
23,418
2.317.424
Cash and cash equivalents at the beginning of the year Cash and cash equivHents at the end of the year
2,795,267
4,031,435
477,843
2.795.267
Head Office:
Factory:
THATTA CEMENT
ruxrrx czsicsr co›irxNx ri›irrEn
LONSOLIDATED STATEttIENT O F C HANGES IN EQUITâ'
FOR THE 'EAR ENDED JUNE 30, 202fi
Reserves | |||||||
Capital reserv• | Revenue reserve | ||||||
Balance as a I July I, 2023
ptppt {pt gJg y#p
Other comprehensi 'o income for the year
Balance us st June 30, 2024
ProfH for the )'ear
997.18 l
99.7 l8
3,090.04 7
8.189.765
904,B44
Furt4ner investment in Subsicliary
-
(33,660)
-
-
( 16.830)
( 16,830}
-
-
(16.830)
( l6,830}
(t6.BPO)
(20,625)
(67.320]
(67.320J
(52,250)
(140.195)
Final cash ilividend Rs. I per share for the year ended lime 30, 202
Interim c sh di›idend Rs. 0.5 per share for ifie gunner ended Scpiember 30. 2024
Interim cash di›' dend @ Rs. 0.5 per share for the quarter ended December 3 l. 202d
Interim cash dividend @ Rs. 3.75 9er share for the quarter ended IvIarcIi 31. 2025
Interim cash di 'idend @ Rs. 9.50 per share for the quarier ended June
I ,.362.180 | I.362.180 | l,278.6 16 | ||||
(l 50,000 | (I26.SUB | (I2fi.:i SB | (276.558 | |||
(150.000) | I .23S,622 | I.235.622 | 1.002,058 | |||
847.18 I | 99 7 I g | 4 ?2S 660 | 4 423.387 | 821.280 | 6 003 848 | |
847,18 I | 99.718 | 4.325.669 | 4.4 Z5.387 | 82I.380 | 6,093,848 |
2.396.086
2.396.086 | 2.396.086 | 2,344,2 I3 |
380,419
(61.873)
(S I 7.919)
Z,344,2 l5 (137,500)
847 i8 l
99 718
7.034,854
7.134.572
l 78,613
8.160.366