FORM - 7
SEC/68/TRIPF August 11, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
SUB: FINANCIAL RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2025We are pleased to inform you that the Board of Directors of Tri-Pack Films Limited ("the Company") in its meeting held on Friday, 08 August 2025 at 04:30 p.m. at Karachi office and via Zoom has approved the condensed interim financial statements (unaudited) of the Company for the half year ended 30 June 2025 and recommended the following:
- CASH DIVIDEND: NIL
- BONUS SHARES: NIL
- RIGHT SHARES: NIL
- ANY OTHER ENTITLEMENT/CORPORATE ACTION: NIL
- ANY OTHER PRICE-SENSITIVE INFORMATION: NIL
The following annexures are also attached herewith:
Statement of Profit or Loss along with Earning/(Loss) per share Annexure 'A'
Statement of Financial Position Annexure 'B'
Statement of Changes in Equity Annexure 'C'
Statement of Cash Flows Annexure 'D'
The half-yearly report of the Company for the period ended 30 June 2025 will be transmitted through PUCARS separately, within the specified time, and shall also be made available on the Company's website https://www.tripack.com.pk
Yours sincerely,
For Tri-Pack Films Limited
Iqra Sajjad(Company Secretary)
Encl: as above CC: Director
Company Law Division
Securities and Exchange Commission of Pakistan
NIC Building, Jinnah Avenue Blue Area, Islamabad
DirectorEnforcement Department
Securities and Exchange Commission of Pakistan
NIC Building, Jinnah Avenue Blue Area, Islamabad
DirectorSecurities Market Division
Securities and Exchange Commission of Pakistan
NIC Building, Jinnah Avenue Blue Area, Islamabad
Executive Director/HOD Offsite-II Department Supervision DivisionSecurities & Exchange Commission of Pakistan
63, NIC Building, Jinnah Avenue Blue Area, Islamabad
TRI-PACK FILMS LIMIT ED
CONOENS ED INTERIM STAT ED1ENT OF PROKIT OR LOSS AND OTHER
C MPREFISNSIVE INCOfEE FOR THE HALF YEAR ENDED JUNE 30, 2025 - (UNAUDITED)
Annexure - 'A'
Revenue from contracts with customers | 6,697,457 | 6,677,765 | 14,511,S77 | 13,6 fi9,9 é0 | ||||
Cost of sales | (5,629,662) | (5,654,043) | (12,585,952) | (11,856,633) | ||||
8G7,79S | 1,023,722 | 1,925,425 | 1,g43,347 | |||||
Distribution costs | (235,318) | (257,476) | (551,S54) | (563,647) | ||||
Administrative expenses | (196,522) | (201,490) | {391,24?) | (356,446) | ||||
C arge for r..pected credit loss | (16,4E ) | (26,379) | (328) | |||||
Op Grating profit | 419,489 | S64,756 | 9?6,261 | 9 22,926 | ||||
Other ii cor Ie | 94,226 | 3G,690 | 172,647 | 77,272 | ||||
Other expenses | (*2,739) | (9,542) | (17,443) | |||||
Finance cost - net | (699,954) | (415,440) | (1,407,350) | (746,359) | ||||
(Loss) / profit before income tax and levies | (186,239) | 173,267 | (287,984) | 236,39 G | ||||
Levies (minimum and fina! tax) | 75,Gu7 | (69,5?7) | (143,807) | |||||
(Luss) / p: ofit before income tax | (110,63 2) | 103,680 | (26F,964) 02,589" | |||||
(Loss) / profit for the period
C'ther comprehensive income for the period.
Items that will not be reclassified sulasequently to profit or ioss
Remeasurement of staff ‹etirement benefits
(3*7,164)
(431,196)(35,46 )
68,214
{150,220)
{468,204)
(36,747)
55,8J2
Total comprehensive income for the period (4*7,79 6) 68,214 (468,2g4)
(LCss) / earn ngs per share - basic and diluted (Rupees)
(11.28) 1.76 (12.07)
1.44
SRI-PM.CK FILh1S LIGNITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT JUICE 39, 2023
Annexure - 'b'
ASSETS
NON CURRENY ASSETS
(Un-auciited) (Auditeci)
June 30, Oecember 31,
29 25 2024
(Rupees in '000)
Property, plant and equipment | 18,953,017 | 19,258,566 | ||
tntangib!es | 2,211 | 4,669 | ||
Deferred taxation | 265,766 | 4,607 | ||
Long term cieposils | 25,783 | 25,783 | ||
19,246,777 | 19,2g3,625 | |||
Inventories | 4,86 ,765 | 4,161,502 | ||
Trade receivables | 3,4 i4,243 | 3,259,525 | ||
Aovances and prepayments | ?o2,43°u | 3?8,870 | ||
Other receivables | 572,572 | d81,179 | ||
Refunris ciue from government - sales tax | 1,355,G39 | ! | 1,010, 978 | |
Income I-x refundable | 1,409,9£i4 | 1,535,842 | ||
Cash end bank balance: 1,115,399 | 1,111,9 G | |||
TOTAL ASSETS
EQLiITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
13,131,062 12,9o9,883
32,*77,839 32,2o3,50g
Issued, subscribed and paid up share capital
Share premium General reserve Unappropriated profit
LlABlPITIES
NON CURRENT LlABiLlTlES
Long term borrowings
Deferred income - government grant Lease liability
Staff retiremenI benefits
Trade and other payables | 7,552,978 |
Unclai med dividend | 24,634 |
Accrued mark-up | 346,164 |
Short term borrowings | 6,?32,658 |
Current portion of lease liability | 5,497 |
Current portion of long term borrowings | 1,363,893 |
15,29?,Z25 |
Accumulated compensated absences CURREIgT LIAB1LlTIES
38B,0?0
999,107
1,605,C00
1, 71?,246
4,73 0,353
11,684,727
487,081
3?,762
fi23,792
12,371,261
!
368, 000
999,107
1,605,000
2,186,450 5,178,557
12,521.347 sgo,889 37,814 115,309 48 901 13,304,260 |
6,276,771 24,870 245,415 |
6,222,7G2 3,557 1,007,306 › |
13,780,69 |
TOTAL LIABILITIES
CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AlgD LlABlLlTlES
27,667,4?6
32,377,833
27,084,951
32,263,508
TRI-PACK FILhtS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES l N EQUITY FOR THE HALF YEAR ENDEO JUNE 30, 2025 - (UNAUO ITED)
Annexure - 'C'
Reserves Cagifal Revenue
Issu ed, Share General Unappropriated sudscriued premium reserve profit
an d paid up s hare capital
Txa
esexes
Total
-•------------------------- ----- (Rupees in '000) -- --- -- ---- ------- --
Balance as af January 1, 2024
Tranoacllons with owners recorded directly in equity - distribution
Final cash dividend for the year encted December 31. 20Z3 @ Rs. 6.00 per share
Total comprehensive income
for the half year ended June 30, 2024
- Profit for the half year ended
.'une 30, 202a
388, 000
999, 407 1,605,000
2,B33,686 5,437,793 5,825,793
(:232,800) (232,800) (232,800)
- Other conJprchensive inccme
for the half year ended June 30, 2024
Balance as at June 30, 2024
55,8• 2 55,842 5fi,842
55,842
55,642
55,842 |
368,000 999,107 1,605,000' " 2;B56,728 5,260,635 5,648,836
la iance ae a r January 1, 202fi Total comprehensive incorr'e
for the ha!f year ended June 30, 2u25
Loss for the half year ended June 30, 2025
Other comprehensive income
for the half year ended JMne 30, 2025
888,000
999,107 4,605.000
zwes‹wo 4z o,saz snzz sz
Balance as at June 3o, zo25 388,000 999,1OF 1,605,00 0 1.718,246 4,322.3 S3 4,710,350
TRJ-PACK FILMS LIMITED
CONDENSED INTERIM STATEMENT OF CASE FLOWSFOIL THE HALF YEAR ENDED JUNE 30, 2025 - UNAUDTEU)
Annexure-'D'
CASH FLOWS FROM OPERATING ACTNITIES | June 34, 2025 June (Rupees in '000) | 30, 2024 |
Cash generated from operations Payment on account of accumulated | 2,774,872 | 1,360,43 |
compensated absences | (Z2,0r0) | (7,144) |
Staff retirement benefits paid | (65,276) | (66,385) |
Levies and Income tax paid | {317,1T9) | (5S2,125} |
Net car.n generated from operating actiytie6 | 2,370,36Y | -i.'.4,789 |
CASh FLOWS FROM INVESTING ACTIVTTES |
Purchase of property, plant and equipment
Sale proceeds on disposal of operating fixed assets Purchase of intangible assets
Profit receiwd on bank balances including TDR Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Long-term borrowings - paid Long-term borrowings - obtained Shoit-term borrowings - obtained
*•'o -term borrowings - paid Finance cost paid - conventional Finance cost paid - islamic Dividend paid
bank charges paid
(432,049) | (3,544,891) |
312 | 312 |
(250) | |
25,781 | 13,17? |
(66%82B) | (338,830) | |
95000 | 2,060,466 | |
3,%3,603 | 1,582,790 | |
(1,200,D00) | ||
(1,418,558) | ||
(215,037) | (311,434) | |
(36) | (231,226) | |
(58,3s6) | (63,337 |
(4?6,206)
(3,531.406)
Net cash used in financing activities | (3,313,391) | 78,871 | |
Net decrease in cash and cash equivalents | (t,349,230) | (2,727.746) | |
Cash and cash equivalents at the beginning of the period | (952,617} | (2,576.100) |
Cash and cash equivalents st the end of the penod (2.301,847) (5,303,846)