FORM - 3
SEC/07/TRIPF February 27, 2026
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
SUB: FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2025Dear Sir,
We are pleased to inform you that the Board of Directors of Tri-Pack Films Limited ("the Company") in its meeting held on Thursday, February 26, 2026, at 03:00 p.m. at Company's Karachi office and through Zoom has, inter alia, approved the annual audited financial statements of the Company for the year ended December 31, 2025 and has 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 annexures set out below comprise the Company's financial statements as detailed herein: Statement of profit or loss and other comprehensive income Annexure 'A'
Statement of financial position Annexure 'B'
Statement of changes in equity Annexure 'C'
Statement of cash flows Annexure 'D'
The Annual General Meeting (AGM) of the Company will be held on Tuesday, April 21, 2026 at 10:30 a.m. at Karachi.
The Share Transfer Books of the Company will remain closed from Wednesday, April 15, 2026 to Tuesday, April 21, 2026 (both days inclusive). Transfers received at the office of the Company's Share Registrar namely FAMCO Share Registration Services (Pvt.) Limited situated at 8-F, Near Hotel Faran, Nursery, Block 6, P.E.C.H.S., Shahrah-e-Faisal, Karachi at the close of business on Tuesday, April 14, 2026 or updated on Central Depository System as per CDC Regulations, will be treated in time for the purpose(s) of attending the said AGM.
The Annual Report of the Company for the year ended December 31, 2025 will be transmitted through PUCARS separately, within the specified time and shall also be made available on Company's website https://www.tripack.com.pk
Yours sincerely,
For Tri-Pack Films Limited
Iqra SajjadCompany Secretary
Encl: as above CC:
- Director, Company Law Division
- Director, Enforcement Department
- Director, Securities Market Division Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue
Blue Area, Islamabad
Executive Director/HOD Offsite-II Department Supervision DivisionSecurities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue
Blue Area, Islamabad
TRI-PACK FILMS LIMITED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2025 2025 2024----------(Rupees in '000)----------
Revenue from contracts with customers | 30,203,691 | 29,413,004 | |
Cost of sales | (25,871,810) | (25,643,589) | |
Gross profit | 4,331,881 | 3,769,415 | |
Distribution costs | (1,225,080) | (988,590) | |
Administrative expenses | (951,696) | (777,552) | |
Charge for expected credit loss | (64,484) | (35,689) | |
Operating profit | 2,090,621 | 1,967,584 | |
Other income | 361,534 | 262,045 | |
Other expenses | (26,810) | - | |
Finance cost - net | (2,659,889) | (2,519,344) | |
Loss before income tax and levies | (234,544) | (289,715) | |
Levies | - | (185,620) | |
Loss before income tax | (234,544) | (475,335) | |
Income tax | (132,190) | 43,889 | |
Loss for the year | (366,734) | (431,446) | |
Other comprehensive (loss) / income for the year: | |||
Items that will not be reclassified subsequently to profit or loss | |||
Remeasurement of staff retirement benefits | (44,716) | 17,010 | |
Total comprehensive loss for the year | (411,450) | (414,436) | |
Loss per share - basic and diluted (Rupees) | (9.45) | (11.12) |
NON-CURRENT ASSETS 2025 2024
----------(Rupees in '000)----------
Property, plant and equipment | 19,501,045 | 19,258,566 | |||||
Intangibles | 317,350 | 4,669 | |||||
Deferred taxation | 638,953 | 4,607 | |||||
Long-term deposits | 95,791 | 25,783 | |||||
20,553,139 | 19,293,625 | ||||||
CURRENT ASSETS | |||||||
Inventories | 4,846,691 | 4,161,502 | |||||
Trade receivables | 3,488,686 | 3,259,526 | |||||
Advances and prepayments | 434,754 | 308,870 | |||||
Other receivables | 645,438 | 681,179 | |||||
Refunds due from government - sales tax | 789,192 | 1,910,978 | |||||
Income tax refundable | 1,388,036 | 1,535,842 | |||||
Cash and bank balances | 1,303,764 | 1,111,986 | |||||
12,896,561 | 12,969,883 | ||||||
TOTAL ASSETS | 33,449,700 | 32,263,508 | |||||
EQUITY AND LIABILITIES | |||||||
SHARE CAPITAL AND RESERVES | |||||||
Share capital | 388,000 | 388,000 | |||||
Share premium | 999,107 | 999,107 | |||||
General reserve | 1,605,000 | 1,605,000 | |||||
Unappropriated profit | 1,775,000 | 2,186,450 | |||||
LIABILITIES | 4,767,107 | 5,178,557 | |||||
NON-CURRENT LIABILITIES | |||||||
Long-term borrowings | 11,032,072 | 12,521,347 | |||||
Deferred income - government grant | 402,592 | 580,889 | |||||
Lease liability | 39,687 | 37,814 | |||||
Staff retirement benefits | 175,014 | 115,309 | |||||
Accumulated compensated absences | 60,821 | 48,901 | |||||
11,710,186 | 13,304,260 | ||||||
CURRENT LIABILITIES | |||||||
Trade and other payables | 8,683,971 | 6,276,771 | |||||
Unclaimed dividend | 23,167 | 24,870 | |||||
Accrued mark-up | 361,852 | 245,415 | |||||
Short-term borrowings | 5,979,918 | 6,222,762 | |||||
Current portion of long-term borrowings | 1,919,950 | 1,007,306 | |||||
Current portion of lease liability | 3,549 | 3,567 | |||||
16,972,407 | 13,780,691 | ||||||
TOTAL LIABILITIES | 28,682,593 | 27,084,951 | |||||
CONTINGENCIES AND COMMITMENTS | |||||||
TOTAL EQUITY AND LIABILITIES | 33,449,700 | 32,263,508 |
----------------------------------------(Rupees in '000)-------------------------------------------
Balance as at January 1, 2024 388,000 999,107 1,605,000 2,833,686 5,437,793 5,825,793 Transactions with owners recorded directly in equity - distributionFinal cash dividend for the year ended December 31, 2023
@ Rs. 6.00 per share | - | - | - | (232,800) | (232,800) | (232,800) | |||||
Total comprehensive loss for the | |||||||||||
year ended December 31, 2024 | |||||||||||
Loss for the year ended | |||||||||||
December 31, 2024 | - | - | - | (431,446) | (431,446) | (431,446) | |||||
Other comprehensive income | - | - | - | 17,010 | 17,010 | 17,010 | |||||
- | - | - | (414,436) | (414,436) | (414,436) | ||||||
Balance as at December 31, 2024 | 388,000 | 999,107 | 1,605,000 | 2,186,450 | 4,790,557 | 5,178,557 | |||||
Total comprehensive loss for the year ended December 31, 2025 | |||||||||||
Loss for the year ended | |||||||||||
December 31, 2025 | - | - | - | (366,734) | (366,734) | (366,734) | |||||
Other comprehensive loss | - | - | - | (44,716) | (44,716) | (44,716) | |||||
- | - | - | (411,450) | (411,450) | (411,450) |
Balance as at December 31, 2025 388,000 999,107 1,605,000 1,775,000 4,379,107 4,767,107 TRI-PACK FILMS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES 2025 2024
---------(Rupees in '000)--------
Cash generated from operations | 6,267,446 | 2,784,403 | |
Payment on account of accumulated compensated absences | (23,905) | (11,851) | |
Long-term deposits - paid | (70,008) | - | |
Staff retirement benefits paid | (51,028) | (68,232) | |
Income taxes paid - net | (618,730) | (865,099) | |
Net cash generated from operating activities | 5,503,775 | 1,839,221 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Purchase of property, plant and equipment | (1,732,598) | (4,587,226) | |
Sale proceeds on disposal of property, plant and equipment | 22,395 | 330 | |
Purchase of intangibles | (328,267) | - | |
Profit received on bank balances including TDR | 48,821 | 67,975 | |
Investment in Term Deposit Receipt | - | (482,500) | |
Net cash used in investing activities | (1,989,649) | (5,001,421) | |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Dividend paid | (1,703) | (231,365) | |
Long-term borrowings - paid | (1,200,785) | (1,307,049) | |
Long-term borrowings - obtained | 511,740 | 6,233,205 | |
Short-term borrowings - obtained | 5,089,549 | 12,067,012 | |
Short-term borrowings - paid | (6,453,127) | (8,170,353) | |
Finance cost paid - conventional | (1,628,974) | (2,779,206) | |
Finance cost paid - islamic | (662,465) | (820,585) | |
Lease rentals paid | (3,815) | (3,787) | |
Bank charges paid | (93,502) | (96,189) | |
Net cash (used in) / generated from financing activities | (4,443,082) | 4,891,683 | |
Net (decrease) / increase in cash and cash equivalents | (928,956) | 1,729,483 | |
Cash and cash equivalents at beginning of the year | (952,617) | (2,682,100) | |
Cash and cash equivalents at end of the year | (1,881,573) | (952,617) |