FORM - 7
SEC/22/TRIPF April 20, 2026
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
SUB: FINANCIAL RESULTS FOR THE THREE MONTHS' PERIOD AND QUARTER ENDED 31 MARCH 2026
We are pleased to inform you that the Board of Directors of Tri-Pack Films Limited ("the Company"), in its meeting held on Friday, 17 April 2026 at 04:00 p.m. at Karachi office and via Zoom, has approved the condensed interim financial statements (unaudited) of the Company for the three months' period and quarter ended 31 March 2026 and recommended the following:
I. CASH DIVIDEND: | NIL | |
II. BONUS SHARES: | NIL | |
III. RIGHT SHARES: | NIL | |
IV. ANY OTHER ENTITLEMENT/CORPORATE ACTION: | NIL | |
V. ANY OTHER PRICE-SENSITIVE INFORMATION: | NIL | |
The following annexures are also attached herewith: | ||
Statement of Profit or Loss Statement of Financial Position Statement of Changes in Equity Statement of Cash Flows | Annexure 'A' Annexure 'B' Annexure 'C' Annexure 'D' |
The quarterly report of the Company for the period ended 31 March 2026 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 | Director Enforcement Department Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue Blue Area, Islamabad | Director Securities Market Division Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue Blue Area, Islamabad |
Executive Director/HOD Offsite-II Department Supervision Division Securities & Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue Blue Area, Islamabad |
TRI-PACK FILMS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE QUARTER ENDED MARCH 31, 2026 (UNAUDITED)
Quarter Ended March 31 2026 2025
----------(Rupees in '000)----------
Revenue from contracts with customers | 8,549,751 | 7,813,920 | |
Cost of sales | (7,078,484) | (6,756,290) | |
Gross profit | 1,471,267 | 1,057,630 | |
Distribution costs | (366,745) | (316,236) | |
Administrative expenses | (241,796) | (194,718) | |
(608,541) | (510,954) | ||
Loss allowance on trade receivables | - | (9,904) | |
Operating profit | 862,726 | 536,772 | |
Other income | 63,522 | 78,421 | |
926,248 | 615,193 | ||
Other expenses | (17,936) | - | |
Finance cost - net | (605,983) | (707,396) | |
(623,919) | (707,396) | ||
Profit / (Loss) before income tax and levies | 302,329 | (92,203) | |
Levies (minimum and final tax) | (106,690) | (75,607) | |
Profit / (Loss) before income tax | 195,639 | (167,810) | |
Income tax - net | (155,000) | 146,944 | |
Profit / (loss) for the period | 40,639 | (20,866) | |
Other comprehensive income for the period: | |||
Items that will not be reclassified subsequently to profit or loss | |||
Remeasurement of staff retirement benefits | - | - | |
Total comprehensive income for the period | 40,639 | (20,866) | |
Earning / (loss) per share - basic and diluted (Rupees) | 1.05 | (0.54) |
(Rupees in '000)
Property, plant and equipment | 19,485,269 | 19,501,045 | |
Intangibles | 311,132 | 317,350 | |
Deferred taxation | 483,953 | 638,953 | |
Long term deposits | 95,791 | 95,791 | |
20,376,145 | 20,553,139 | ||
CURRENT ASSETS | |||
Inventories | 3,707,399 | 4,846,691 | |
Trade receivables | 3,511,486 | 3,488,686 | |
Advances and prepayments | 242,106 | 434,754 | |
Other receivables | 795,063 | 645,438 | |
Refunds due from government - sales tax | 302,135 | 789,192 | |
Income tax refundable | 1,331,662 | 1,388,036 | |
Cash and bank balances | 1,240,602 | 1,303,764 | |
11,130,453 | 12,896,561 | ||
TOTAL ASSETS | 31,506,598 | 33,449,700 | |
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES | |||
Issued, subscribed and paid up share capital | 388,000 | 388,000 | |
Share premium | 999,107 | 999,107 | |
General reserve | 1,605,000 | 1,605,000 | |
Unappropriated profit | 1,815,639 | 1,775,000 | |
LIABILITIES | 4,807,746 | 4,767,107 | |
NON CURRENT LIABILITIES |
11,067,753 357,130 40,126 180,665 66,320 |
11,711,994 |
7,715,770 23,167 299,794 4,773,341 5,159 2,169,627 |
14,986,858 |
11,032,072 402,592 39,687 175,014 60,821 |
11,710,186 |
8,683,971 23,167 361,852 5,979,918 3,549 1,919,950 |
16,972,407 |
Long term borrowings
Deferred income - government grant Lease liability
Staff retirement benefits Accumulated compensated absences
CURRENT LIABILITIES
Trade and other payables Unclaimed dividend Accrued mark-up
Short term borrowings
Current portion of lease liability
Current portion of long term borrowings
TOTAL LIABILITIES | 26,698,852 | 28,682,593 | |
CONTINGENCIES AND COMMITMENTS | |||
TOTAL EQUITY AND LIABILITIES | 31,506,598 | 33,449,700 |
Reserves
Capital Revenue
Issued, subscribed and paid up share capital
Share premium
General reserve
Unappropriated
profit
Total reserves
Total
----------(Rupees in '000)----------
Balance as at January 1, 2025 388,000 999,107 1,605,000 2,186,450 4,790,557 5,178,557
Total comprehensive loss for the quarter ended March 31, 2024
(20,866)
-
(20,866)
-
(20,866)
-
-
-
-
-
-
-
Loss for the quarter ended March 31, 2025
Other comprehensive Income for the quarter ended March 31, 2025
- - - (20,866) (20,866) (20,866)
Balance as at March 31, 2025 388,000 999,107 1,605,000 2,165,584 4,769,691 5,157,691
Balance as at January 1, 2026 388,000 999,107 1,605,000 1,775,000 4,379,107 4,767,107
Total comprehensive Income for the quarter ended March 31, 2026
40,639
-
40,639
-
40,639
-
-
-
-
-
-
-
Income for the quarter ended March 31, 2026
Other comprehensive Income for the quarter ended March 31, 2026
- - - 40,639 40,639 40,639
Balance as at March 31, 2026 388,000 999,107 1,605,000 1,815,639 4,419,746 4,807,746
TRI-PACK FILMS LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE QUARTER ENDED MARCH 31, 2026 - (UNAUDITED) | ||
March 31, 2026 | March 31, 2025 | |
- (Rupees | in '000)---------- | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Cash generated from operations | 1,962,094 | 2,643,700 |
Payment on account of accumulated | ||
compensated absences | (2,110) | (4,231) |
Staff retirement benefits paid | (24,134) | (16,343) |
Income tax and levies paid | (50,316) | (122,331) |
Net cash generated from operating activities | 1,885,534 | 2,500,795 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property, plant and equipment | (336,751) | (268,730) |
Profit received on bank balances | 7,402 | 11,604 |
Sale proceeds on disposal of operating fixed assets | - | 120 |
Net cash used in investing activities | (329,349) | (257,006) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Long term borrowings - net | 280,358 | (335,210) |
Short term borrowings - net | (587,915) | (1,846,659) |
Finance cost paid | (667,581) | (530,509) |
Dividend paid | - | (35) |
Bank charges paid | (25,547) | (35,212) |
Net cash used in financing activities | (1,000,685) | (2,747,625) |
Net decrease in cash and cash equivalents | 555,500 | (503,836) |
Cash and cash equivalents at the beginning of the period | (1,881,573) | (952,617) |
Cash and cash equivalents at the end of the period | (1,326,073) | (1,456,453) |