Tpl Corp LtdPSX: TPL

Financial Results for the Year Ended June 30, 2025

· Issued by Tpl Corp Ltd


Date: November 20, 2025

Form - 3

The GeneraI Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi.

Subject: i a ia Resu

f

he Yea E ded

ne

0 2 25

Dear Sir,

We have to inform you that the Board of Directors of TPL Corp Limited (the "Company") in its meeting held on Thursday, November 20, 2025 at 11:30 AM at 20"Floor, Sky Tower -East Wing, Dolmen City, HC-3, Abdul Sattar Edhi Avenue, Clifton Block 4, Karachi, recommended the follow'ing:

  1. Cash Dividend:

  2. Bonus Shares:

  3. Rieht Shares:

  4. Anv Other Entitlement:

Nil Nil Nil Nil

The financial results of the Company are attached.

The Annual General Meeting of the Company will be held on December 24, 2025 at 11:00 A.M. at Karachi.

The Annual Report of the Company will be transmitted through PUCARS at least 21 days before of holding of Annual General Meeting.

Yours truly,

Shayan fti

Compan Secretary



TPL Coro Ltd.

20 -loor. Sky Tower. Easl Wing. Dolmen City. HG-3, Block 4

Abrlul Sattar Eclhi Avenf e Clifton. Karachi, Pakis tan





92? 35 84006

TPL CORP LIMtTED

UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2025

ASSETS

FfON-CURRENT ASSETS

Note

2025

••• Rupees

2024

Property and equipment

6

7,874,177

17,761,798

Right of use assets

7

58,109,373

116,218,761

Long-term investments

8

7,814,813,071

6,293,180,728

Long-term deposits

14,600,000

14,600,000

7,895,396,621

6,441,761,288

CURRENT ASSETS

Deposits and prepayments

100,207,68Z

73,126,257

Due from related parties



237,905,877

107,695,169

Accrued mark-up

10

35,115,420

13,997,979

Taxation - net

11

16,365,557

17.897,222

Bank balances

12

12,232,360

16.795,770

401,826,896

229,512,397

TOTAL ASSETS

8,297,223,517

6,671,273,685

eoUiTY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorised share capital

330,000,000 ordinary shares of Rs. 10 each

0 000 000

300 000000

Issued, subscribed and paid-up capital

13

2,672,977,630

2,672,977,630

Capital reserve

60,B55,762

60,855,762

Revenue reserve

(4,242,916,272)

(3,363,010,319)

Other component of equity

777,020,165

(565,611,485)

(732,062,715)

(1,194,788,412)

Subordianted loan from the Parenl Company

14

2,d0d,0O0,O00

2.000,000,000

1,267,937,2B5

805,211,588

NON-CURRENT LIABILITIES

Long-term financing

15



1,530,723,493



3,047,911,512

Lease liabilities

16

1,53Q,723,493

85.763.16T

3,133,674,679

CURRENT LIABILITIES

Trade and other payables

17

477,854,436

435,108,268

Due to related parties

18

1,993,602,921

24,691,400

Accrued mark-up

19

801,328,687

550,576,432

Current portion of non-current liabilities

20

2,133,739,413

1,634,929,512

Shon-term borrowings

1

87,307,698

85.352,223

Unclaimed dividend

4,729,583

1.729,584

5,498,562,738

2,732.387,419

TOTAL EQUITY AND LIABILITIES

s,zg/,2Zs,517

6,671,273,685

COMMITMENTS AND CONTlNGEIfClES

22

The annexed notes from 1 to 37 form an integral part of these unconsolidated financial statements.



CHIEF EXECUTIVE OFFICER DIRECTOR

1

CHIEF FINANCIAL OFFICER

TPL CORP LIMITED

UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

Hote

2025

- ••-•••- Rupees -

2024

Dividend income

314,674,710

Operating and administrative expenses

24

(122,985,140)

(151,926.934)

Operating (loss) / profit

(122,985,140)

162,747,776

Finance costs

25

(958,016,229)

(1,504,521,618)

Other expenses

(18,106,619)

(26,354,506)

Other income

26

36,859,966

17,652,783

Loss before taxation

(1,062,Z48,013)

(1,35B,475,565)

Taxation

27

(8,265,113)

(48.389,303)

Net loss for the year

(1,070,513,126)

(1,398,864,868)

Other comprehensive income:

Items not to be reclassified to profit or loss in

subsequent years:

Unrealised gain / (loss) on revaluation of investments at FVOCI

B.8

1,533,238,823

(3,935,978,800)

Total comprehensive income / (loes) for the year

462,7Z5,697

(5,334,843,668)

Loss per share - basic and diluted

28

4





The annexed notes from 1 to 37 form an integral part of these unconsolidated financial statements.



CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

2

TPL CORP LIMITED

UNCONSOLIDA7ED STATEMENT OF CHANGES IN EQUITY

FOR TFIE YEAR ENOED 30 JUNE 2025

Capllal reserve

Revenue reserve

er component



UnreaDed



5ubor0lnated





subscribed created under Accumulated and pald-up Scheme of loss

gain / (loss) on

loen from Tates equity

-

-



oaplul Arrangement

Balance as at 01 July 2023

Net loss lor the year Other comprehensive loss

Tolal comprehensive loss for the year Redassificalion duñng fhe year



Nelloss ror the year

Otner comprehensive Income

Tolal comprehensive (loss) / income for lhe year

2,67Z,977,630





60,855,762 (1,964,145,451) 3,370,367,3t5

-

(t398.8D4,86B)

-



- (1,398,86d.868) (3,935,978,800)

2,672,977,630

6O,B5S,762 (3,363.01O,3t9}









- (1,070.513,126) -

- - 1,533,238,823

- (1.070,513,126) 1,533,238,8Z3



4,140,055,256 (1,398,80d,868)



(3.935,978.800)

(S.33d,843,668)



-

-





(1,070,513,126)

1.M3,Z38 823

462,725,697



Transfer to revenue reserve



Tne annexed noter from 1 to 37 fom gn integral part of tltese unconsolioaled financlal statements.

190,607. I73

(180.607.173)

777 020 168 ?,000,000,000

02679J72B5





CHIEF EXECUTIVE OFFICER DIRECTOR CHiEF FINANCIAL OFFICER

TPL CORP LIMITED

UNCONSOLIDATED STATEMENT OF CASH FLOW

FOR THE YEAR EFIDED 30 JUNE 2025

CASH FLOW FROM OPERATING ACTIVITIES

Note

2025 2024

---- - Rupees --••------

Loss before taxation

(1,062,248,013)

(1,350,475,565)

Adjustment for non•cash items:

Depreciation

6

9,067,432

11,759,690

Finance costs

25

958,016,229

1,506,353,690

Advance writlen off

Loss on disposal of fixed assets

820,190

1.953,121

967,903,852

1,520,066,501

Working capital changes:

Deposits and prepayments

(27,0B1,425)

(54,356,740)

Due from related parties

(72,101,320)

212,167,761

Accrued mark-up

(21,117,441)

15,686,476

Trade and other payables

45,746,167

110,063,906

Due to related parties

1,968,911,521

(950,487,512)

1,894,357,502

(666,926,109)

Finance costs paid

(707,263,974)

(1,214,262,755)

Income tax paid

(6,733,447)

(4B,866,963)

Net cash generated from / (used in) operating activities

1,086,015,92d

(1,760,464,891)

CASH FLOW FROM INVESTING ACTIVITIES

Investments - net

11,606,478

(285,700,000)

CASH FLOW FROM FINANCING ACTIVITIES

Lang term financing - net

Repayment of lease liabilities Short term borrowings - net

19

(1,034,279,085)

(69,862,19B) 1,955,475

(32,741,738)

(74,34Z,400)

(2.884,158)

Subordinated loan from the Parenl Company

2.000,000,000

Net cash (used in) / generated from financing activities

(1,102,185,808)

,890,0*1,704

Net decrease in cash and cash equivalents during the year

(4,563,410)

(156,133,187)

Cash and cash equivalents at beginning of the year

16,795,770

172,928,957

Cash and cash equivalents at end of the year

12,232,360

16 795 770

The annexed notes from 1 to 37 form an integral part of these unconsolidated financial statements.



CHIEF EXECUTIVE OFFICER DIRECTOR Ci•IIEF FINANCIAL OFFICER

TPL CORP LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025

ASSETS

NON-CURRENT ASSETS

Note 2025

Rupees

2024

Rupees

Property, plant and equipment

6

946,285,554

1,232,616,713

Right-of-use assets

7

448,472,985

429,749,991

Intangible assets

8

2,986,829,522

3,169,190,113

Due from TPL REIT Fund I

9

792,347,000

600,799,000

Long-term investments

10

10,725,506,683

11,057,245,022

Long-term loans and deposits

73,341,625

136,195,548

Deferred tax asset 11 - 77,698,146

15,972,783,369

16,703,494,532

CURRENT ASSETS

Stock-in-trade

12

Trade debts

13

Loans and advances

14

Trade deposits and prepayments

15

Due from related parties

16

Accrued mark-up

17

Other receivables

18

Short-term investments

19

Insurance and reinsurance receivables

20

Deferred commission expense

Cash and bank balances

21

11,742,041,563

13,133,448,470



309,552,268

278,381,452

374,356,951

786,682,575

866,220,531

871,774,668

873,296,925

894,586,514

424,360,235

197,978,151

446,750.774

518,527,541

554,471,008

1,216,704,430

1,844,379,441

1,591,705,751

1,876,610,185

1,855,996,868

265,452,520

281,387,017

3,906,590,725

4,639,723,503

TOTAL ASSETS 27,714,824,932 29,836,943,002

The annexed notes from 1 to 52 form an integral part of these consolidated financial statements.



CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Note

2025

Rupees

2024

Rupees

Authorised share capital

330,000,000 ordinary shares of Rs. 10 each

3,300,00B,000

3,300,000 000

Issued. subscribed and paid-up capital

22

2,672,977,630

2,672,977,630

Capital reserves

60,855,762

60,855,762

Accumulated loss

(4,467,233.040)

(2,370,030,778)

Other components of equity

132,445,938

30,881,869

Subordinated loan from the Parent Company

23

2,000,000,000

2,000,000,000

399,046,290

2,394,684,483

Non-controlling interest

5,501,578,892

6,193,107,362

5,900,625,182

8,587,791,845

Participant's Takaful Fund (PTF)

Ceded money

Accumulated deficit

24,545,759

(33,683,652)

Total Equity

5,925,170,941

8,554,108,193

NON-CURRENT LIABILITIES

Long-term financing

24

Lease liabilities

25

Deferred tax liability

11

Deferred liability - staff gratuity

2,308,494,713

3,735,604,538

2,000,000

2,000,000

22,545,759

(35,683,652)

1,913,418,397

3,355,398,064

328,111,678

320,185,877

51,999,026

14,965,612

60,020,597

CURRENT LIABILITIES

Trade and other payables Due to related parties Accrued mark-up

Short-term borrowings

Liabilities against insurance contracts Underwriting provisions

Current portion of non-current liabilities Taxation - net

Contract liabilities Unclaimed dividend

TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMEhITS

26

5,043,942,035

5,496,184,879

2,770,475,994

612,267,528

1,200,632,680

867,924,464

2,173,963,325

3,088,968,426

2,611,146,314

2,131,005,560

2,660,213,216

2,432,686,343

2,543,995,060

2,598,671, 055

182,3B7,142

75,438,142

288,598,283

239,767,276

5,805,229

4,316,598

27

28

29

30

31

32

33

19,481,159,278

27,714,824,932

34

17,547,230,271

29,836,943,002

The annexed notes from 1 to 52 form an integral part of these consolidated financial statements.

./+""""



CHIEF EXECUTIVE

CHIEF FINANCIAL OFFICER

DIRECTOR

TPL CORP LIMITED CONSOLIDATED STATEMENT OF PROFIT OR Loss AsD OTHER COMPREHENS[VE INCOME

FOR THE YEAR E IDED JUNE 30, 2025

Revenue

Note 35

2025

Cost of sa1es and services

36

(4,701,824,963)

(5,240,211,785)

Gross profit

1,775,968,376

‹s47, g1,245)

Distribution expenses

37

(324,712,666)

(418,822,546)

Operating and administrat ve expenses 3g (3,020,728,450) (3,297,340,890)

Operating profit

(1,569,472,740)

(4,063,554,681)

Other expenses

39

(836,311,042)

(4O3,8d8,129)

Finance costs

40

(1,764,396,262)

(2,579,737,617)

Other income

41

1,13s,4g7,sog

2,138,472,776

Share of loss from associate

10.3

(14,329,253)

Rupees 6,477,793,339

2024

Rupees 4,892,820,540

Loss attributable to PTF (58,229,411) t2,483,og1

Loss before income tax and levies

(3,1O7,2<>

(4,911,110,742)

Levies - minimum tax (70,078,011) (55,565,727)

Loss before income tax

(3,177,318,810)

(4,966,676,469)

Taxation

42

(231,844,725) (2O6,D46,593)

Loss from continued operations

(3,409,163,535)

(5,1T2,723,062)

Loss from discontinued operations 43 (20,134,734)

Net loss for the year

(11,993,007)

14,711,840

3,195,639

(30,439,506)

Other comprehensive income

(3,429,298,269)

(5,172,723,062)

Items not to be reclassified to

profit or loss in subsequent pefiOds:

Unrealised (loss) / gain on revaluation of investments at FVOCI

Items to be reclassified to profit Or loss in subsequent periods:

Exchange differences on translation of foreign operations

(8,797,368)

(15.727,666)

Total comprehensive loss for the year

(3,438,095,637)

(5.188.450,728)

Loss per share - basic ana diluted

44

(83)

(1 2 2D)

Loss far the year attributable to:

Owners of the Holding Company

(2,224,188,302)

(3.260.928,697)

Non-controlling interest

0(her comprehensive loss for the year attributable to:

(1,zo5,1o9,g6 ›

(3,429,298,269)

(1,91 t,891,265)

(5,172,819,962)

Owners of the Holding Company

(13,538,568)

t3,251,444,198)

Non-controlling interest

4,741,200

(1,g37,103,430

(8,797,368)

(5,18g,547,62B)

Total comprehensive loss for the year attributable to:

Owners of the Holding Company

(2,237,726,870)

(6,512.372,895)

hun-cuntroiling interest

(1,200,368,767)

(3,848.994,695)

(3,438,095,637) (10,361.367,590)





TPL CORP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 3UNE 30, 2025

Participants' Takaful Fund:

Ceded money

Accumulated deficit

Total

Balance as at July 1, 2023

2,000,000

(3B,166,743)

(36,166,743)

Total surplus for the year

2,483,091

2,483,091

Balance as at 3uly 1, 2024

2,000,000

(35,683,652)

(33,683,652)

Total surplus for the year

58,229,411

58,229,411

Balance as at 3une 30, 2025

2,000,000

22,545,759

24,545,759

Participants' Takaful Fund

(Rupees)

The annexed notes from 1 to 52 form an integral part of these consolidated financial statements.



CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR