ZAREA LIMITED
April 28, 2025 Ref # ZAL/PSX/BOD 042801-2025
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 March 31, 2025
Dear Sir,
We would like to inform you that the Board of Directors of the Company in their meeting held at 11:00 a.m. on Monday April 28, 2025 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 standalone and consolidated financial statements of the Company for the period ended March 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 3rdquarter ended March 31, 2025 will be transmitted through PUCARS separately, within the specified time & shall also be made available on the Company's Website https://zarea.pk/investor-relations#financial-reports
Yours truly,
For ZAREA LIMIITED
Syed Muhammad Akram Company Secretary Enclose: Annexure
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
Abid Majeed Road Lahore Cantt
(042) 3217 6455
info@zarea.pk
zarea.pk
ZAREA LIMITEDCONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
As at March 31, 2025
Unaudited Audited
Rupees | Notes | March 2025 | June 2024 |
NON-CURRENT ASSETS | |||
Property and equipments | 5 | 115,089,048 | 25,891,413 |
Intangible assets | 29,134,161 | 22,058,377 | |
Long term security deposits | 2,230,875 | 2,230,875 | |
Investment in subsidiary | 750,000 | 750,000 | |
147,204,084 | 50,930,665 | ||
CURRENT ASSETS | |||
Short term investments | 6 | 1,695,562,785 | 70,653,024 |
Advances for commodities | 100,775,758 | 241,982,657 | |
Trade and other receivables | 118,201,518 | 157,503,596 | |
Advances and prepayments | 22,110,120 | 15,364,620 | |
Cash and bank balances | 22,056,128 | 93,013,441 | |
1,958,706,309 | 578,517,338 | ||
TOTAL ASSETS | 2,105,910,393 | 629,448,003 | |
EQUITY AND LIABILITIES | |||
Share capital | |||
Authorized capital 400,000,000 (2024: 300,000,000) ordinary shares of Rs. 1 (2024: Rs 1) each fully paid in | cash | 400,000,000 | 300,000,000 |
Issued, subscribed & paid-up capital | |||
262,500,000 (2024: 200,000,000) ordinary shares of Rs. 1 (2024: Rs 1) each fully paid in | cash | 262,500,000 | 200,000,000 |
Share premium | 7 | 916,025,952 | - |
Reserves | 880,368,555 | 397,644,357 | |
2,058,894,507 | 597,644,357 | ||
NON-CURRENT LIABILITIES | |||
Long term bank financing | 8 | 31,326,131 | - |
CURRENT LIABILITIES | |||
Trade and other payables | 2,547,955 | 31,803,646 | |
Current portion of the bank loan | 13,141,800 | - | |
15,689,755 | 31,803,646 | ||
TOTAL EQUITY AND LIABILITIES | 2,105,910,393 | 629,448,003 | |
Contingencies and Commitments | 9 | - | - |
The annexed notes 1 to 15 form an integral part of these financial statements. |
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
ZAREA LIMITED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOMEFor the Period Ended March 31, 2025 (Unaudited)
For the nine months ended For the three months ended
Rupees | Notes | March 2025 | March 2024 | March 2025 | March 2024 | |
Revenue | 10 | 805,415,550 | 296,946,491 | 438,642,568 | 99,077,423 | |
Cost of Sales | (431,789,944) | (87,376,647) | (297,956,666) | (21,867,761) | ||
Gross profit | 373,625,606 | 209,569,844 | 140,685,902 | 77,209,662 | ||
Administrative and General Expenses | (40,164,047) | (16,536,863) | (18,362,878) | (6,326,643) | ||
Selling and Distribution Expenses | (39,733,917) | (18,645,480) | (17,342,108) | (6,551,714) | ||
Investments Gain/(Loss) | 11 | 160,787,527 | 20,849,382 | 29,608,353 | (2,971,056) | |
Finance Costs | (1,002,238) | (57,548) | (923,386) - | (24,274) - | ||
Profit before taxation | 453,512,931 | 195,179,335 | 133,665,883 | 61,335,975 | ||
Taxation | - | 854,333 | - | 425,780 | ||
Net profit after taxation | 453,512,931 | 196,033,668 | 133,665,883 | 61,761,755 | ||
Other Comprehensive Income | - | - | - | - | ||
Total Comprehensive Income | 453,512,931 | 196,033,668 | 133,665,883 | 61,761,755 | ||
Basic & Diluted earning per share | 12 | 1.73 | 0.98 | 0.51 | 0.31 | |
The annexed notes 1 to 15 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
ZAREA LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
For the Period Ended March 31, 2025
Particulars | Issued, subscribed and paid-up capital | Share Premium | Loan from Shareholders/ Sponsors | Revenue Reserves | Capital Reserves | Total Equity |
Unappropriated profit | Unrealized (loss)/gain on investment at fair value through OCI |
Rs
Balance as at July 1, 2023 (Audited) | 20,000,000 | - | 83,500,000 | 109,894,307 | - | 213,394,307 |
Profit for the period | - | - | - | 61,761,755 | - | 61,761,755 |
Loan from Shareholders / Sponsors | - | - | 96,500,000 | - | - | 96,500,000 |
Issuance of shares | 180,000,000 | - | (180,000,000) | - | - | - |
Share Issuance Expense | - | - | - | (5,061,035) | - | (5,061,035) |
Balance as at March 31, 2024 (Unaudited) | 20,000,000 | - | - | 166,595,027 | - | 366,595,027 |
Balance as at July 1, 2024 (Audited) | 200,000,000 | - | - | 397,644,357 | 597,644,357 | |
Profit for the period | - | - | - | 453,512,931 | - | 453,512,931 |
Adjustments | - | - | - | 29,211,267 | - | 29,211,267 |
Issuance of shares | 62,500,000 | 967,050,250 | - | - | - | 1,029,550,250 |
Share Issuance Expense | - | (51,024,298) | - | - | - | (51,024,298) |
Balance as at March 31, 2025 (Unaudited) | 262,500,000 | 916,025,952 | - | 880,368,555 | - | 2,058,894,507 |
The annexed notes 1 to 15 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
ZAREA LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWSFor the Period Ended March 31, 2025 (Unaudited)
Nine month ended
Rupees | Notes | March 2025 | March 2024 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Profit before taxation | 453,512,931 | 196,033,668 | ||
Adjustment for non-cash items | ||||
Depreciation & Amortization | 7,151,157 | 1,960,216 | ||
Capital Gain | (160,787,527) | (20,849,382) | ||
Finance costs | 1,002,238 | 57,548 | ||
Operating profit before working capital changes | 300,878,799 | (18,831,618) | ||
Working capital changes | ||||
(Increase) / decrease in current assets | ||||
Trade and Other Receivables | 39,302,078 | (69,834,617) | ||
Advances, Deposits and Prepayments | (6,745,500) | (4,520,600) | ||
Investment in Commodities | 141,206,899 | (99,420,395) | ||
Increase / (decrease) in current liabilities | ||||
Trade and Other Payables | (44,424) | 1,718,803 | ||
Finance Costs paid | (1,002,238) | (59,683) | ||
172,716,815 | (172,116,492) | |||
Net cash flows from operating activities | 473,595,614 | (190,948,110) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Property and Equipment | (94,574,576) | (12,340,690) | ||
Intangible Assets | (8,850,000) | (11,250,000) | ||
Investment in subsidiary | - | (750,000) | ||
Short term investments | (1,464,122,234) | 63,970,913 | ||
Net cash flows from investing activities | (1,567,546,810) | 39,630,223 | ||
CASH FLOWS FROM FINANCING ACTIVITIES Increase in share Capital | 62,500,000 | 180,000,000 | ||
Share Premium Loan from Sponsors / Shareholders | 7 | 967,050,250 - | -(83,500,000) | |
Bank loan | 8 | 44,467,931 | - | |
Share Issuance Expense | (51,024,298) | (5,061,035) | ||
Net cash flows from financing activities | 1,022,993,883 | 91,438,965 | ||
Net increase in cash and cash equivalents | (70,957,313) | (59,878,922) | ||
Cash and cash equivalents at the beginning of the Period | 93,013,441 | 67,426,298 |
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 22,056,128 7,547,376
The annexed notes 1 to 15 form an integral part of these financial statements.
CHIEF EXECUTIVE
CHIEF FINANCIAL OFFICER
DIRECTOR
ZAREA LIMITEDCONDENSED GROUP CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION As at March 31, 2025 (UNAUDITED)
Unaudited Audited
Rupees | Notes | March 2025 | June 2024 |
NON-CURRENT ASSETS | |||
Property and equipments | 5 | 115,089,048 | 25,891,413 |
Intangible assets | 29,134,161 | 22,058,377 | |
Long term security deposits | 2,230,875 | 2,230,875 | |
146,454,084 | 50,180,665 | ||
CURRENT ASSETS | |||
Short term investments | 6 | 1,695,562,785 | 70,653,024 |
Advances for commodities | 100,775,758 | 241,982,657 | |
Trade and other receivables | 118,101,518 | 157,503,596 | |
Advances and prepayments | 22,110,120 | 15,364,620 | |
Cash and bank balances | 23,054,272 | 94,013,441 | |
1,959,604,453 | 579,517,338 | ||
TOTAL ASSETS | 2,106,058,537 | 629,698,003 | |
EQUITY AND LIABILITIES | |||
Share capital | |||
Authorized capital 400,000,000 (2024: 300,000,000) ordinary shares of Rs. 1 (2024: Rs 1) each fully paid in | cash | 400,000,000 | 300,000,000 |
Issued, subscribed & paid-up capital | |||
262,500,000 (2024: 200,000,000) ordinary shares of Rs. 1 (2024: Rs 1) each fully paid in | cash | 262,500,000 | 200,000,000 |
Share premium | 7 | 916,025,952 | - |
Reserves | 880,292,163 | 397,569,357 | |
Non Controlling Interest | 224,536 | 225,000 | |
2,059,042,651 | 597,794,357 | ||
NON-CURRENT LIABILITIES | |||
Long term bank financing | 8 | 31,326,131 | - |
CURRENT LIABILITIES | |||
Trade and other payables | 2,547,955 | 31,903,646 | |
Current portion of the bank loan | 13,141,800 | - | |
15,689,755 | 31,903,646 | ||
TOTAL EQUITY AND LIABILITIES | 2,106,058,537 | 629,698,003 | |
Contingencies and Commitments | 9 | - | - |
The annexed notes 1 to 15 form an integral part of these financial statements. |
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
ZAREA LIMITEDCONDENSED GROUP CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME
For the Period ended March 2025 (UNAUDITED)
For the nine months ended For the three months ended
Rupees | Notes | March 2025 | March 2024 | March 2025 | March 2024 | |
Revenue | 10 | 805,415,550 | 296,946,491 | 438,642,568 | 99,077,423 | |
Cost of Sales | (431,789,944) | (87,376,647) | (297,956,666) | (21,867,761) | ||
Gross profit | 373,625,606 | 209,569,844 | 140,685,902 | 77,209,662 | ||
Administrative and General Expenses | (40,164,047) | (16,536,863) | (18,362,878) | (6,326,643) | ||
Selling and Distribution Expenses | (39,733,917) | (18,645,480) | (17,342,108) | (6,551,714) | ||
Investments Gain/(Loss) | 11 | 160,787,527 | 20,849,382 | 29,608,353 | (2,971,056) | |
Finance Costs | (1,004,094) | (57,548) | (923,386) - | (24,274) - | ||
Profit before taxation | 453,511,075 | 195,179,335 | 133,665,883 | 61,335,975 | ||
Taxation | - | 854,333 | - | 425,780 | ||
Net profit after taxation | 453,511,075 | 196,033,668 | 133,665,883 | 61,761,755 | ||
Other Comprehensive Income | - | - | - | - | ||
Total Comprehensive Income | 453,511,075 | 196,033,668 | 133,665,883 | 61,761,755 | ||
Basic & Diluted earning per share | 12 | 1.73 | 0.98 | 0.51 | 0.31 | |
The annexed notes 1 to 15 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
ZAREA LIMITED
CONDENSED GROUP CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY
For the Period ended March 2025
Particulars | Issued, subscribed and paid-up capital | Share Premium | Loan from Shareholders/ Sponsors | Consolidated Reserve | Non-Controlling Interest | Total Equity |
Rs
Balance as at July 1, 2023 (Audited) | 20,000,000 | - | 83,500,000 | 109,894,307 | - | 213,394,307 |
Profit for the period | - | - | - | 61,761,755 | - | 61,761,755 |
Loan from Shareholders / Sponsors | - | - | 96,500,000 | - | - | 96,500,000 |
Issuance of shares | 180,000,000 | - | (180,000,000) | - | - | - |
Share Issuance Expense | - | - | - | (5,061,035) | - | (5,061,035) |
Balance as at March 31, 2024 (Unaudited) | 20,000,000 | - | - | 166,595,027 | - | 366,595,027 |
Balance as at July 1, 2024 (Audited) | 200,000,000 | - | - | 397,569,357 | 225,000 | 597,794,357 |
Profit for the period | - | - | - | 453,511,539 | (464) | 453,511,075 |
Adjustments | - | - | - | 29,211,267 | - | 29,211,267 |
Issuance of shares | 62,500,000 | 967,050,250 | - | - | - | 1,029,550,250 |
Share Issuance Expense | - | (51,024,298) | - | - | - | (51,024,298) |
Balance as at March 31, 2025 (Unaudited) | 262,500,000 | 916,025,952 | - | 880,292,163 | 224,536 | 2,059,042,651 |
The annexed notes 1 to 15 form an integral part of these financial statements.
CHIEF EXECUTIVE CHIEF FINANCIAL OFFICER DIRECTOR
ZAREA LIMITEDCONDENSED GROUP CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS
For the Period ended March 2025 (UNAUDITED)
Nine month ended
Rupees | Notes | March 2025 | March 2024 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Profit before taxation | 453,511,075 | 196,033,668 | ||
Adjustment for non-cash items | ||||
Depreciation & Amortization | 7,151,157 | 1,960,216 | ||
Capital Gain | (160,787,527) | (20,849,382) | ||
Finance costs | 1,004,093 | 57,548 | ||
Operating profit before working capital changes | 300,878,798 | (18,831,618) | ||
Working capital changes | ||||
(Increase) / decrease in current assets | ||||
Trade and Other Receivables | 39,402,078 | (69,834,617) | ||
Advances, Deposits and Prepayments | (6,745,500) | (4,520,600) | ||
Investment in Commodities | 141,206,899 | (99,420,395) | ||
Increase / (decrease) in current liabilities | ||||
Trade and Other Payables | (144,424) | 1,718,803 | ||
Finance Costs paid | (1,004,094) | (59,683) | ||
172,714,960 | (172,116,492) | |||
Net cash flows from operating activities | 473,593,758 | (190,948,110) | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Property and Equipment | (94,574,576) | (12,340,690) | ||
Intangible Assets | (8,850,000) | (11,250,000) | ||
Investment in subsidiary | - | (750,000) | ||
Short term investments | (1,464,122,234) | 63,970,913 | ||
Net cash flows from investing activities | (1,567,546,810) | 39,630,223 | ||
CASH FLOWS FROM FINANCING ACTIVITIES Increase in share Capital | 62,500,000 | 180,000,000 | ||
Share Premium Loan from Sponsors / Shareholders | 7 | 967,050,250 - | - (83,500,000) | |
Bank loan | 8 | 44,467,931 | - | |
Share Issuance Expense net of reclassifying adjustment | (51,024,298) | (5,061,035) | ||
Net cash flows from financing activities | 1,022,993,883 | 91,438,965 | ||
Net increase in cash and cash equivalents | (70,959,169) | (59,878,922) | ||
Cash and cash equivalents at the beginning of the Period | 94,013,441 | 67,426,298 |
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 23,054,272 7,547,376
The annexed notes 1 to 15 form an integral part of these financial statements.
CHIEF EXECUTIVE
CHIEF FINANCIAL OFFICER
DIRECTOR