ZAREA LIMITED
April 27, 2026 Ref # ZAL/PSX/BOD 042707-2026
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 March 31, 2026
Dear Sir,
We would like to inform you that the Board of Directors of the Company in their meeting held at 11:30 a.m. on Monday April 27, 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 PSX/No. 062 dated January 10, 2025; the following consolidate and standalone financial statements of the Company for the period ended March 31 , 2026 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 3rd quarter ended Mar 31, 2026 will be transmitted through PUCARS separately, within the specified time & shall also be made available on the Company's Website "https://zarea.com".
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 NINE MONTHS PERIOD ENDED
March 31, 2026
ZAREA LIMITEDCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
As at March 31, 2026
Notes
{Un-Audited) (Audited) March June
2026 2025
NON-CURRENT ASSETS
Property and equipments Intangible Assets
Long term Security Deposits
CURRENT ASSETS
Short term Investment Advances for Commodities Siock in Tmde
Trade and Other receivables Advances, Deposits & Prepayments Cash and bank balances
TOTAL ASSETS
450,203,186 | 143,169,293 |
146,780,943 | 44,054,984 |
2,230&75 | 2.230,875 |
5
59f,2l5,0ll3 189,455,152
2,356,6S7,718 | 792,460,397 |
62,231,663 | 218,179,017 |
529,046,909 | 378,336,417 |
326,121,884 | 466,897,834 |
39,924,728 | 39,962,006 |
378,61S,S73 | 324,062,187 |
3,692,598,475 2,219,897,858
4,291,813,478 2,409,303,010
EQUITY AND LIABILITIES Share capital Authorized capital | ||
400,000,000 ordinary shares ofRe. 1/- each | 400,000,000 | 400,600.000 |
Issued, subscribed & paid-up capital | ||
200,000,000 ordinary sharCS OfRe. l/- each fully paid in cash | 262,500,000 | 262,500,000 |
Share Premium | 916,025,952 | 916,025,952 |
Foreign Exchange unnerves | (3,118,34d) | |
NCI | 199,536 | 199,536 |
Reserves | 1,682,455,395 | 1,097,756,153 |
2,858,062,538 | 2,276,481,641 | |
NON-CURRENT LIABILITIES | ||
Provision for gratuity | 3,170,000 | 1,995,000 |
Long term bank finansing | 16,tt8d,798 | 27.732,553 |
19,256,798 | 29,727,553 | |
CURRENT LIABILITIES | ||
Trade and Other Payables | 377,821,476 | 89,502,261 |
Islamic Financing - Sukuk | 1,021,433,333 | - |
Current portion of the bank financing | 15,239,333 | 13,641,555 |
1,414,494,142 | 103,143,816 | |
TOTAL EQUITY AND LIABILITIES
Contingencies and Commitments
CHIEF EXECUTIVE CHIEF FINANCIAL
4,291,813,478 2,409,353,010
DIRECTOR
ZAREA LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME
For the Nine Months Period Ended March 31, 2026 (Un-Audited)
Nine months ended Quarter ended
Notes March | March | March | March | |
2026 | 2025 | 2026 | 2025 | |
(Un-Audited) | (Un-Audited) | (Un-Audited) | (Un-Audited) | |
ltupees | ||||
Revenue | 2,108,057,899 | 805,445,550 | 841,142,130 | 438,642,568 |
Cost of Sales | {l,522,6S9,93SJ | (436,107,913) | {637,408,722) | (297,956,666) |
Gross profit | 585,387,963 | 369,307,637 | 203,733,4og | i40,685,902 |
Administrative and General Expenses | (103,801,251) | (35,846,078) | (41,333,705) | (18,362,g78) |
Selling and Distribution Expenses | (122,187,919) | (39,733,916) | (25,200,731) | (17,342,108) |
Other Income / (loss) | 513,940,596 | 160,787,527 | {396,918,832) | 29,608,353 |
Finance Costs | (26,140,146) | (1,004,095) | (23,017,914) | (923,387) |
Profit before taxation | 847,199,243 | 453,511,075 | {282,737,775) | 133,665,882 |
Taxation | ||||
Net profit after taxation | 847,I99J43 453,511,075 t282,737,775) 133,665,882 | |||
Other Comprehensive Income | (3,ll8,348J (989,857) | |||
Total Comprehensive Income | 844,080,898 453,521,075 {281,747,918) 233,G65,882 | |||
Ba6ic & Diluted earning per 6hare | 10 | 3.22 1M (1.08) 0.51 | ||
The annexed notes 1 to l3 form an integral part of these financial statements.
Attributable In: | ||||
-Owners of Zarea | 844,0$0,898 | 453,511,539 | {281,747,918) | 433,665,882 |
-NCI | - | (464) | - | |
CHIEF EXECUTIVE
CHIEF FINANCIAL
OFFICER
DIRECTOR
ZAREA LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
For the Nine Jvionths Period Ended March 31, 2026 {Un-Audited)
Particulars | Issued, subscribed and paid-up capital | capital Reserves | Revenue Reserves | Total equity attributable to *hareholders of parent company | J"4on-Controlling Interest | Total Equity | ||
Share Premium | Foreign currency translation reserves | Unrealized {1pss}/gain rim investment at fair value tMough OCI | Unappropriated p %{jt | |||||
Balance as at July 1, 2024 {Audited) | 200,000,000 | 426,855,624 | 626,855,624 | 225,000 | 627,050,624 | ||
Profit for the periort O‹ht Co;upvelxnsive lxomc Issuance of Shnres | 62,5DO,OOO | 967,USU,25U.UU | 453,511,075 | 453,0 IJ,075 1,029,S50,2a0 | (4b4) | 453,5 T,6J1 t,029,550,25U | |
Share Issuance Expense | - | (5J,U24,298.00) | f5J .024,298) | {51,024,298) | |||
Balance as at March 31, 2025 {Un-Audited) | 262,500,000 | 916,U25,V52 | - 8fi0,366,699 | 2,058,892,Go1 | 224,536 | J059,117,J 87 | |
Balance as af 01-July 2025 (Audited) | 262,500,000 | 916,025,952 | 1,097,756,153 | 2,276,282,105 | 499,536 | 2,276,481,641 | |
Profit for the perioci | 847,]99,243 | 847,199,2t3 | 847,199,243 | ||||
Other Comprehensive Income Final Cash Dividend for the year ended 30 june 20a (262,500,000 shnres & Rs 1 per Share ) | (3,118,345) | (262,500,000) | (3,tJ8,3t5) (262,500,000) | (3,118,345} (262,500,000} | |||
Balance as at Nlarch 31, 2026 {Un-Audited) | 262,5lXI,000 | 916,02S,952 | {3,118,345) | - 1,68A455,$9s | 2,85T+68,002 | 199,536 | 2,858,062,538 |
T e annexed s+otes 1 to IN' fosm en intejr• part of these financiat statements.
CHIEF EXECUTIVE
CHIEF FINANCI,xr oFriczit
DIRECTOR
ZAREA LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS
For the Nine Monthe Period Ended March 31, 2026 (Un-Audited)
Notes March March
Rupees | |||
CASH rrOws raOM o EnATiNG ACTIVITIES | |||
Profit before taxation | 847,199J43 | 453,512,931 | |
Adjustment for non-caeh iteme | |||
Depreciation ñ Amortization | 27,633,268 | 7,151,157 | |
Capital Gain Finance costs | J2ti4,6S4,771) 2S,457,9M | (160,787,527) 1,002,238 | |
Operating profit before working capital changes | 635,635,662 | 300,878,799 | |
Working capital changes | |||
{Increase)/ decreaee in current assets | |||
Trade and Other Receivables | y40,775,950 | 39,302,078 | |
Advances, Deposits and Prepayments | 37,278 | (6,745,500) | |
Advances against Commodities | 15S,947,3H | 141,206,899 | |
Stock in Trade | {150,Zi0,492) | ||
Increase/ {decrease) in current liabilities | |||
Trade and Other Payables | 289,604,480 | (44,424) | |
Finance Costs paid | J4,134,8 4) | (1,002,238) | |
43t,S19,71S | 172,716,815 | ||
1,067,155,377 | 473,595,614 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Increase in share Capital | 62,500,000 | ||
2026 2025
(Un-Audited} (Un-Audited)
Share Premium Bank F-inancing
Islamic Financing - Sukuk Dividend Paid
967,050,250
{10,047,976) 44A67,931 1,000,OOOJKD
{262,S00,tXD)
Sukuks /Share Issuance Expense | - | (51,024,298) | |
Net cach flowe from financing activities | 727,452,024 | 1,022,993,883 | |
CASH FLOWS FROM INVESTING ACTIVITIES | |||
Property, Vehicle and Equipment | J327,937Ji86) | (94,574,576) | |
Intangible Assets | {109,456,03G) | (8,850,000) | |
Short term Investments Nec*hfowshominveAng*Avflea Met increase in cash and cash equivalents | (1,299,542,549) (1,7'36,935,fi70) 57,67J,731 | (1,464,122,234) (1,567,S46,810) (70,957,313) | |
Cash and cash equivalents at the beginning of the period Met foreign currency exchange differences CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 324,062,187 J3,118,34S) 378,615J73 | 93,013,441 22,056,128 | |
The annexed notee 1 to 13 form an integral part of theee financial statements. | |||
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER
DIRzmon
Zarea Limited
STANDALONE CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE NINE MOTHNS PERIOD ENDED
March 31, 2026
ZAREA LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
As at March 31, 2026
(Un-Audited) (Audited)
Notes March 2026
June
2025
Rupees
NON-CURRENT ASSETS | ||||
Property and equipments | 4 | 450,203,186 | 143,169,293 | |
Intangible Assets | 5 | 146,780,943 | 44,054,984 | |
Long term Security Deposits | 2,230,875 | 2,230,875 | ||
Investment in Subsidiaries | 6 | 117,300,000 | 750,000 | |
716,515,003 | 190,205,152 | |||
CURRENT ASSETS | ||||
Short term Investment | 7 | 2,356,338,785 | 792,460,397 | |
Advances for Commodities | 62,231,663 | 218,179,017 | ||
Stock in Trade | 529,046,909 | 378,336,417 | ||
Trade and Other receivables | 326,321,884 | 466,997,834 | ||
Advances & Prepayments | 39,924,728 | 39,962,006 | ||
Cash and bank balances | 206,069,898 | 323,064,043 | ||
3,519,933,867 | 2,218,999,714 | |||
TOTAL ASSETS | 4,236,448,870 2,409,204,866 | |||
EQUITY AND LIABILITIES | ||||
Share capital | ||||
Authorized capital 400,000,000 ordinary shares of Re. 1/- each | 400,000,000 400,000,000 | |||
Issued, subscribed & paid-up capital | ||||
200,000,000 ordinary shares of Re.1/- each fully paid in cash | 8 | 262,500,000 | 262,500,000 | |
Share Premium | 916,025,952 | 916,025,952 | ||
Reserves | 1,661,886,355 | 1,097,907,545 | ||
2,840,412,307 | 2,276,433,497 | |||
NON-CURRENT LIABILITIES | ||||
Provision for gratuity | 3,170,000 | 1,995,000 | ||
Long term bank financing | 16,086,798 | 27,732,553 | ||
19,256,798 | 29,727,553 | |||
CURRENT LIABILITIES | ||||
Trade and Other Payables | 340,107,099 | 89,402,261 | ||
Islamic Financing - Sukuk | 1,021,433,333 | - | ||
Current portion of the bank financing | 15,239,333 | 13,641,555 | ||
1,376,779,765 | 103,043,816 | |||
TOTAL EQUITY AND LIABILITIES 4,236,448,870 2,409,204,866
Contingencies and Commitments 9 - -
The annexed notes 1 to 14 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIEF FINANCIAL
OFFICER
DIRECTOR
ZAREA LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME
For the Nine Months Period Ended March 31, 2026 (Un-Audited)
Nine months ended Quarter ended
Nutes March | March | March | March |
2026 | 2025 | 2026 | 2025 |
(Un-Audited) | (Un-Audiled) | (Un-Audited) | (Un-Audited) |
Rupees
2,108,057,899 8K,415,55U 841,142,130 4 fi,642,566
585,387,963 | ?69,307,6?7 | 203,733,408 | 140,685,902 |
(103,739,313) | (1,846,07g) | (41,3J0,27B) | (Jg,3 2,g76) |
(122,187,919) | (?9,7??,916) | (25,200,731) | (J7,342,JU6) |
492,973,666 | 160,787,527 | (411,178,416) | 29,608,?5? |
(25,955,587) | (J,002,2?g) | (22,851,016) | (92?,?86) |
826,478,811 | 455,512,932 | (296,807,034) | 1S?,665,S83 |
(1,522,669,936) (436,107,91?) (637,408,722) (297,956,666)
Profit before taxation
Taxation Net profit after taxation
Other Comprehensive Income
Tntal Compreherisi ve In crime
Basic & Diluted earning per share
826,478,844 4R3,512,932 (296,807,034) 1N5,665,8SS
3.15 1.73 (1.13) 0.51
The annexed notes 1 to 14 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER
DI RECTOR
ZAREA LIMITEDCONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
For the Nine Months Period Ended March 31, 2026 (Un-Audited)
Particulars | Issued, subscribed and paid-up capital | Capital Reserves | Revenue Reserves | Total Equity | |
Share Premium | Unrealized (loss)/gain on investment at fair value through | Unappropriated profit | |||
OCI | |||||
Rs
Balance as at July 1, 2024 (Audited) 200,000,000 - - 426,855,624 626,855,624
Profit for the period - - - 453,512,932 453,512,932
Other Comprehensive Income - - - - -Issuance of Shares 62,500,000 967,050,250 - - 1,029,550,250
Share Issuance Expense - (51,024,298.00) - - (51,024,298)
Balance as at March 31, 2025 (Un-Audited) 200,000,000 - - 880,368,556 2,058,894,508
Balance as at 01-July 2025 (Audited) 262,500,000 916,025,952 - 1,097,907,545 2,276,433,497
Profit for the period - - - 826,478,811 826,478,811
Other Comprehensive Income - - - - -Final Cash Dividend for the year ended 30 june 20 - - - (262,500,000) (262,500,000) (262,500,000 shares @ Rs 1 per Share )
Balance as at March 31, 2026 (Un-Audited) 262,500,000 916,025,952 - 1,661,886,355 2,840,412,307
The annexed notes 1 to 14 form an integral part of these financial statements.
CHIEF EXECUTIVE
CHIEF FINANCIAL OFFICER
DIRECTOR
ZAREA LIMITEDCONDENSED INTERIM STATEMENT OF CASH FLOWS
For the Nine Months Period Ended March 31, 2026 (Un-Audited)
Notes March 2026
March 2025
(Un-Audited) (Un-Audited)
Rupees
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Profit before taxation | 826,478,811 | 453,512,931 | |
Adjustment for non-cash items Depreciation & Amortization | 27,633,269 | 7,151,157 | |
Capital Gain | (243,689,172) | (160,787,527) | |
Finance costs | 25,955,587 | 1,002,238 | |
Operating profit before working capital changes | 636,378,495 | 300,878,799 | |
Working capital changes | |||
(Increase) / decrease in current assets Trade and Other Receivables | 140,675,950 | 39,302,078 | |
Advances, Deposits and Prepayments | 37,278 | (6,745,500) | |
Advances against Commodities | 155,947,354 | 141,206,899 | |
Stock in Trade Increase / (decrease) in current liabilities Trade and Other Payables | (150,710,492) 251,990,103 | - (44,424) | |
Finance Costs paid | (4,632,519) | (1,002,238) | |
393,307,673 | 172,716,815 | ||
Net cash flows from operating activities | 1,029,686,168 | 473,595,614 | |
CASH FLOWS FROM FINANCING ACTIVITIES Increase in share Capital | - | 62,500,000 | |
Share Premium | - | 967,050,250 | |
Bank Financing | (10,047,976) | 44,467,931 | |
Islamic Financing - Sukuk | 1,000,000,000 | - | |
Dividend Paid | (262,500,000) | - | |
Sukuks /Share Issuance Expense | - | (51,024,298) | |
Net cash flows from financing activities | 727,452,024 | 1,022,993,883 | |
CASH FLOWS FROM INVESTING ACTIVITIES Property, Vehicle and Equipment | (327,937,086) | (94,574,576) | |
Intangible Assets | (109,456,035) | (8,850,000) | |
Short term Investments | (1,320,189,216) | (1,464,122,234) | |
Investment in Subsidiay | (116,550,000) | - | |
Net cash flows from investing activities | (1,874,132,337) | (1,567,546,810) | |
Net increase in cash and cash equivalents | (116,994,145) | (70,957,313) | |
Cash and cash equivalents at the beginning of the period | 323,064,043 | 93,013,441 | |
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 206,069,898 | 22,056,128 | |
The annexed notes 1 to 14 form an integral part of these financial statements. | |||
CHIEF EXECUTIVE
CHIEF FINANCIAL OFFICER
DIRECTOR