ZAREA LIMITED
Feb 25, 2026 Ref # ZAL/PSX/BOD 022506-2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
Subject: Financial Results of Zarea Limited (ZAL) for the period ended Dec 31, 2025
Dear Sir,
We would like to inform you that the Board of Directors of the Company in their meeting held at 12:30 a.m. on Wednesday Feb 25, 2026 recommended the following;
CASH DIVIDEND NIL
BONUS ISSUE NIL
RIGHT SHARES NIL
ANY OTHER ENTITLEMENT/CORPORATE ACTION NIL
ANY OTHER PRICE SENSITIVE INFORMATION NIL
In compliance to Notice No. PSX/No. 062 dated January 10, 2025; the following financial statements of the Company for the period ended Dec 31, 2025 are attached herewith
Statement of Financial Position;Statement of Comprehensive Income
Statement of Changes in Equity
Statement of Cash Flows
The Quarterly Report of the company for the 2nd quarter ended Dec 31, 2025 will be transmitted through PUCARS separately, within the specified time & shall also be made available on the Company's Website Zarea.pk.
Yours truly,
For ZAREA LIMIITED
Company Secretary Enclose: Annexures
CC: The Director /HOD
Surveillance, Supervision and Enforcement Department Securities & Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad
Zarea Limited, Delta 6
Office No. 6011, NASTPAbid Majeed Road Lahore Cantt
(042) 3217 6455
info@zarea.pk
zarea.pk
Zarea Limited
CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE
SIX MONTHS PERIOD ENDED DECEMBER 31, 2025
ZAREA LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
As at December 31, 2025
December
Notes
2025(tin-Audited)
2025
(Audited)
NON-CURRENT AhSETh | ||||
Property and equipments | 446,sig,isi | 14.3, I 69,29.3 | ||
Intangible Assets | 5 | 93,695,592 | 44,054.984 | |
Long term Security Deposits | 2,230,875 | 2,230,8 75 | ||
fi42,444,8S8 | 1 89,455,1 52 | |||
CtIRREN'I' ASSE'I'S | ||||
Short term Investments | 1,450,032,338 | 792,460,.397 | ||
Advances for Commodities | 14,S8S,S80 | 2ld,l79,017 | ||
Stock in 'l'rade | 1,067,524,164 | 37d,33G,417 | ||
'l'radc and Ctthcr rcccivablcs | 211,353,568 | 466,S97,d34 | ||
Advances & Prcpaymcnts | 52,407,569 | 39,962,006 | ||
Cash and bank balances | 216,331,164 | 324,0G2,lS7 | ||
3,012,234,683 | 2,2l9,S97,d5S | |||
3,fifi4,679,S41 | 2,409,353,0 10 | |||
EQUITY AND I.IABII.ITIE5i | ||||
Share capital | ||||
Authorized capital 400,000,000 ordinary shares nf Rs. 1/- each | 400,000,000 | 400,000 000 | ||
Issued, subscribed & paid-up cnpital | ||||
200,000,000 ordinary shares nf Rs 1/- each fully paid in cash | 7 | 262,500,000 | 262,500,000 | |
Sharc Premium | 916,02fi,9S2 | 916,025,952 | ||
Foreign Exchange reserves | (2,i2g,‹s8) | |||
NCI | 199,536 | 199,536 | ||
R.eScrVcS | 1,966,856,418 | 1,097,755,153 | ||
3,143,453,418 | 2,276,4d 1,641 | |||
NON-CURREN"I" LIABILI"l"I£iS | ||||
Provision for gratuity | 3,170,000 | 1,995,000 | ||
Long term bank financing | 20,120,138 | 27,732,553 | ||
ctinarN'r rixiuci'i'irs
Trade and Cithcr Payables
Current portion o1' the bank fmancing
23,290,l3tt
373,213,095 | 59,502,261 |
14,692,890 | 13,641,555 |
3tt7,90•i,9ttS
29,727,55.3
10.3,143,8 16
TOTAI. EQUITY AND LIARII.ITIESCJontingencies and CJommitments
the annexed notes I to 18forei an integral part of thesefinancial statements.
orriCER
CIIIEI" EXECtI"I'IVE C?HIEF FINANC'IAI. 3,fifi4,679,S4I 2,409,353,010ZAREA LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME
For the Six Months Period Ended December 31, 2025 (Un-Audited)
Six months ended Quarter ended
Nofes December | December | December | December | ||
2025 | 2024 | 2025 | 2024 | ||
(Un-Audited) | (Un-Audited) | (Un-Audited) | (Un-Audited) | ||
Rupees | |||||
Revenue | 1,266,PI5,769 | 366,772,SB2 | 483,326,459 | 174,92g,524 | |
Cnst cif Sums | (885,261,214) | (1?6,W1,121) | (330,303,614) | (62,6?6,8?1) | |
Groae profit | 381,654,555 | M9,781,861 | I53,0Z2,844 | 112,291,69? | |
Administrative and General ExFenses | (60,774,296) | (17,310,416) | (32,183,208) | (10,555,337) | |
S+'llinp and Distribii finn E^P"^*"* | (96,987,1g7} | (19,141,60g) | (53,003,182) | (g,7g5,g79) | |
Other Income | 910,859,426 | 131,179,174 | 509,274,575 | 123,688,3P0 | |
Finanr e Ctists | (3,122,232) | (8U,708) | (1,511,594) | (57,W6) | |
Profit before taxation | 1,131,630,265 | 324,428,284 | S75,5S9,43G | 216,581,151 | |
Taxation | |||||
Net profit after taxation | 1,131,630,265 | 324,425,254 | S75,599,43G | 21b,582,154 | |
Other Comprehensive Income / (loea} | (2,128,488) | {2,128,488} | |||
Total Comprehensive Income | 1,129,501,777 | S24,42H,284 | 573,470,947 | 21fi,5H7,151 | |
Basic & Diluted earning per share | f3 | 4.3] | 1.62 | 2.19 | 1.06 |
The annexed notes 1 to 18 form an integral part of these financial statements.
Attributable to:
-Owrc'rs ‹if Zaroa
-NCI
- (4t›4) - (4bA)
CHIEF EXECUTIVE
CHIEF FINANCIAL OFFICER
DIRECTOR
ZAREA LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHARGES IN EQ_UITY
For the Six MonthB Period Ended December 31, 2025 (Un-Audited)
Issued, anbscribed and | Share Premium | Loan frO Shareholder8/ |
paid- | P *°P'•al | SP°^•••@ |
Capital Re8ervea
Revenue Reserves
Non-Cnntiolling Interest
Total Equity
Particulars
Unappro riated
P
Unrealized (loss)/gain on investment at fair value through OCI
Ro
Balance as at July 1, 2024 200,000,000 | 426,855,624 | 225,000 | 627,080,624 | ||
Profit for the period Othix Comprehensive Int ume Share lssuanrx• Expcmse | 324,428,748 (15,?50,450) | (t64) | 324,428,284 {18,389,459) | ||
Balance as at December 31, 2024 (Un Audited) 200,000,000 | - 732,89t,913 | 224,536 | 933,119,449 | ||
Balance aa at (Al-JulY 2025 (Audited) | 946,025,952 | 1,097,756,153 | 199,536 | 2,276,481,641 | |
Profit for the period Other Comprehensive Income Fiireign Ext hange Reserve | 1,131,630,265 | (2,12H,4H8) | 1,151,630,265 (2,128,488) | ||
Final Cash Dix'idem4 fnr the yesr em4‹u4 Sfl jiine 2f12S | (2k2,5f)0,f)f)f)) | (282,5FlFl,FIFIFI) | |||
(262,500,000 shares % Rs 4 per Share ) | |||||
Balance aa at December SI 2025 (Un-Andited) | 946,025,952 | - 1,966,886,418 | (2,128,4B8) | 199,536 | 3,143,483,418 |
The annexed notes 1 to 18 form an integral part of these financial statements. |
CHI EF EXECUTIVE
CHIEF FINANCIAL OFFICER
DI RECTOR
ZAREA LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS
For the Six MonthB PۥriOd Ended December 31, 2025 (Un-Audited)
CASH FLO¥VS FROM OPERAT I NG ACTI VITI ES
Profit before taxation
Adjustment for non-cash items Depreciation 6r Amortization Capital Gain
Finance costs
Operating prayif before wnrking capital changeaNotes December December
2025 2024
(Un-Audited) (Un-Audited)
Rupees 1,131,630,265 324,425,284
13,457,865 5,061,981
{865,747,943) (431,179,174)
3,122,232 80,708 282,462,419 19f›,391,799
YYorking capital changee
{Increaee} / decrease in current assets Trade and Other Receivables Advances, Deposits and Prepayments Advances against Commodities
Stuc k in Tradt•
Increase/ (decrease) in current liabilities Trade and Other Payables
Finani t• Crests paid
255,543,966(12,445,563)
203,593,437 (689,187,747)284,951,972
{3,188,371)
39,267,694(11,062,458)
(7,145,5n.0) 91,590,715
2,3S6,478
(80,708)
75,698,527
Net cash flowe from operating activities
CAS H FLO¥VS FROM FINANCI f'dG ACTI VITI ES
Diviciond Paid
Share Issuance Expcmsc
Net cash flowe from financing activities
CASH FLOWS FROM INVESTING ACTIVITIES
Property, Vehicle and Equipment Intangible Assets
Bank Financinh
Short term Investments
Net cash flow a from investing activ itiea
Net increase in cash and cash equivalents
Cash and cash ecJuivalents at the beginning of the period Net foreign currency exchange differences
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD
The annexed notes 1 to 18 form an integra 1 part nf theae financial statements.CHIEF EXECUTIVE CHIEF FINANCIA L
OFFIC ER 321,730,113 272,090,326(262,500,000)
- (15,389,459)
{262,500,000) (1H,389,459)
(M2606,536) (20,hhg,550) 53,M1035) (6,50,000)(6,56)080)
20g,176,002(164,832,648) (43,576,92S)
(105,602,53G) 210,123,942
324,062,187 94,015,441
{2,128,48fl)
216,331,164 ?U4,1?7,?51DIRECTOR
Zarea Limited
STANDALONE CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX MOTHNS PERIOD ENDED DECEMBER 31, 2025
ZAREA LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
As at December 31, 2025
Notes
(Un-Audited) (Audited) December June
202•i 2025
Rupees
NON-CURRENT ASSETS | |||
Propcrty and equipments | 4 | 446,518,391 | 143,169,293 |
Intangible Assets | 5 | 93,695,592 | 44,054,984 |
I.ong term hccurily Ideposits | 2,230,S7fi | 2,230,h75 | |
Investment in Subsidiaries | 117,300,000 | 750,000 | |
659,744,858 | 190,205,152 | ||
CURRENT ASSETS | |||
Short term Investment | 1,449,923,792 | 7'92,460,397 | |
Advances for Commodities | 15,738,143 | 218,179,017 | |
Slock in 'I'rade | 1,067,524,164 | 375,336,417 | |
Trade and Other rcccivablcs | 211,553,868 | 466,997,834 | |
Advances & Prepayments | 52,407,569 | 39,962,006 | |
Cash and bank balances | 70,493,471 | 323,064,043 | |
2,867,641,007 | 2,218,999,714 | ||
TOTAL ASSETS 3,S27,38S,86S 2,409,204,866
EQUITV AND LIABIUTI ES Share capital Authorized capital | |||
400,000,000 ordinary shares of Rs. 1/- each | 400,000,000 | 400,000,000 | |
Issued, subscribed & paid-up capital | |||
200,000,000 ordinary shares ol'Rs.1/- cach frilly paid m cash | 8 | 262,500,000 | 262,500,000 |
Share Premium | 916,025,952 | 916,025,952 | |
Reserves | 1,960,386,639 | 1,097,907,545 | |
sIJ #912 591 | 2,276,433,497 | ||
NON-CURRENT LIABILITIES | |||
Provision lñr gratuity | 3,170,000 | 1,995,000 | |
I.ong term bank financing | 20,120,135 | 27,7.32,553 | |
23,290,138 | 29,727,553 | ||
CURRENT LIABILITIES | |||
'1rude and Either Payables | 3fi0,490,246 | 89,402,2til | |
Current portion of the bank financing | 14,692,890 | 13,641,555 | |
36fi,183,136 | 103,04.3,81 It | ||
TOTAL EQUITY AND LIABILITIES | 3,527,3Sfi,86fi | 2,409,204,866 | |
Contingencies and Commitments | |||
The aiwiexed notes I to J9forint an integral part of thesefinancial statements. | |||
CHIEF EXECUTIVE CHIEF FINANCIAL
OFFICER
DIRECTORZAREA LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME
For the Six Months Period Ended December 31, 2025 (Un-Audited)
Six months ended Quarter ended
Nutes December | December | December | December | ||
202•i | 2024 | 2025 | 2024 | ||
(Un-Audited) | (Un-Audited) | (Un-Audited) | (Un-Audited) | ||
Rupees | |||||
l,266,P15,769 | 366,772,9g2 | 483,326,459 | 174,S2B,524 | ||
(8B5,261,214) | (1?6,W,121) | (330,303,614) | (62,&36,131) | ||
* ^^ P*nfit | 381,6S4,SGS | 229,781,H61 | 153,022,844 | 112,291,693 | |
Adminislrativo anci Cionoral Fxpensos | (60,735,78G) | (27,S10,4Sb) | (32,144,697) | (10,555,N37j | |
Selling and Distribution Expcnms | (96,987,187) | (19,141,608) | (53,003,182) | (8,785,879) | |
Other Intomo | 904,152,083 | 131,179,174 | 502,551,288 | 125,688,390 | |
Finance Costs | (3,104,571} | (75,552) | (l,AS3,93J) | (55,S6U) | |
Prafit before taxation | 1,124,979,094 | 324,430,140 | 568,932,320 | 216,583,OOS | |
Taxation | |||||
Net profit after taxation | 1,124,979,094 | 324,A3U,140 | 569,032,320 | 216,S83,OOS | |
OthPt' C° Prehensiv e Income | |||||
Total Comprehensive Income | 1,124,979,094 | 324,430,140 | 569,032,320 | 216,583,OOS | |
Basic & Diluted earning per share | 14 | 4.29 | 1.62 | 2.17 | 1.08 |
The annexed notes 1 to 19 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIEF FINANCIAL
OFFICER
DIRECTORZAREA LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
Issued,
Lnan fr0'
Capital iteserves
Revenue Reserves
on investment at fair
For the Six Months Period Ended December 31, 2025 (Un-Audited)
subscribed and Share Premium Shareholders/ Particulate paid-up capital Sponsott Unappropriated profit | Unrealized (loss/gai value through OCI | Total Equity | |||
Balance as at July 1, 2024 (Audited) Profit for the period Oth‹•r Comprehensive Income Shore Issurnc:e Expen'ie | 200,000,000 | - 426,855,d24 ?24,4?0,14tJ (J5,?g9,450) | - | 626,855,624 324,43t1,4 4t1 (1 g,M0,459) | |
Balance as at December 31, 2024 (Un-Audited) | 200,tXXl,000 | - 732,896,305 | - | 932,B96,305 | |
Balance as at 01-July 2025 {Audited} | 262,5D0,000 | PI6,025,952 | - 1,097,907,545 | - | 2,276,433,497 |
Profit for the period Other Comprehensive Ini:ome Final Cash Dividend for the year c'ndcd 30 june 20 | - 1,124,979,094 - (252,500,000) | - - | 1,124,979,094 (262,5U0,000) | ||
(262,500,000 shares & Rs 1 per Share ) | |||||
Balance as at December 31, 2025 (Un-Audiled) | 262,S00,000 | PI6,025,952 | - 1,960,386,639 | - | 3,138,912,591 |
The annexed notes 1 to 19 form an integral part of theae financial BtatementB.
CHIEF EXECUTIVE
CHIEF FINANCIAL OFFICER
DIRECTOR
ZAREA LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS
For the Six Months Period Ended December 31, 2025 (Un-Audited)
Nofes December IJcccmbcr
2025 2024
(Un-Audited) (Un-Audited)
Rupees
CASH FLO¥VS FROM OPERATING ACTIVITIES
Profit bofure taxation
AdJuetment for non-caeh items Drprrciation 6r Amortization Capital Gain
Finance costs
Operating profit before working capital changes
¥Vorkin9 capital chanice
(Tncreaee) / decrease in current assets
Trade and Other n ceivables
Advant es, Deposits and PrePayrnents Advances against Commodities
Stock in Trade
Increase / (decrease} in current liabilities Trade and Other Payables
Finani c' C‹ists paid
Net caah flowa from operating activities
CASH FLO¥VS FROM FINANCING ACTIVITIES
Dividend Paid
1,124,979,094 l3,457,B64 (859040599)3104,571
28Z500,930 255,443,966{12,445,563)
202,440,874
{689,187,747)
262,329,]24
(3,]707]0) ]/409,944297,910,874
(262,500,000)324,430,140
3,061,981
(131,179,174)
78,852 49b,S94,799
(11,062,4H)
(7,145,500)
91,590,715
2,396,476
(7R,R52)
75,7UU46?
272,092,162
Sukuks /Share Issuance Expense (16,36',450)
Net cach flowe from financing activities
CASH FLO¥VS FROM IN VESTING ACTIVITIES
*••r•• y, Vohi‹ le ani4 Equipment Intangible Assets
Bank Finan‹ ing
Short tc'rm Invi•stments Investment in Subsidiay
Net caeh flowe from inventing activities Not increase in cash and trash equivalents
Cash and cash equivalents at the bcgirmmg of the period
(262,500,000) {312,60g,536) (53,841,035)(6,5gi,ogo) 20],S7Q204 (116,550,000)
(287,981,44d){252,570,572)
323,064,043
(16,36',45V)
(20,fi5g,550)
(fi,550,000)
(4.3,576,925)
93,013,441
CASH AND CASH EQUIVALENTS AT THE ENO OF THE PERIOD
The annexed notes 1 to 19 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIE F FINANCIAL
OFFIC ER70A93A71
DIftECTOIt