ZEPHYR TEXTILES LIMITED
3rd loor. IE P Building. 97 B/D 1, Gulberg III, Lahore, Pak istan
Tel: +92(42} 35 7g2905 l rax. +92{4 2)1 S 75?202 } E r»a/l: tnf @/tgl›yt tt", p
The teaeraIManager Pakistan Stock Exchange Stock Exchange Building, Stock Exchange Road,
Subiect: £iaanciaT Results for tbe Half Vear eoded Der•zaber 31. 2025.
pqrin-7
Dear Sir,
We have to Inform you that the Board of Directors of"our company in their meeting held on Febzugzy 77, 2026 at TI:fl0 API at registered office located at 3rd
Floor IEP Building, 97 B/D-I, Gulberg M!, Lahore, recommended the following:
CASH DIVIDfND
An interim Casfi Dividend ti›r the Hall Year ended December 31. 2025 at Rs. Nil per siiare i.e. Nil%. Tnis is in addition to Interim Dividend already paid at Rs.
Nil per share i.e. Nil%.
BONUS SHARES
It has been recommended by the Boad of' Directors to issue Interim Bonus shares in proportion of' Nil share tor every Nil sham held i.t. Nil%. Tlijs is in
addition to the Interim Bonus Shares already issued Nil%.
RfGHT SHARES
Ttie Board has recommended to issue Nil% Right Shares at par/ at a discount/ premium of'Rs. Nil per share in propornon of'Nil share too every Nil share. The
entitlement of right shares being declared simultaneously will be/will not be applicable on Bonus Shares as declared above.
Aad / Or
ANY OTHER ENTITLEMENT Nil
Sales
Cost of sales
Grss profit
O ratin ex uses Admin & Sellin etc. Othetip
Profit / los before taxation and levy
Provision ror uix
Pol / loss aRe ‹ax
Un•a o riated rofit brou ht forward
Final dividend id Rs. 0.5 r ordin share Reversal of su ins on dis sal of PPE - net of tax
3,826,631,194 3,938,800,214 1,864 703,343 1,760 541,139
3,444,927 97 3,569,495 460 1,716,701,815 1,601,057.874
38J 70S 797 369304 754 l4$iDl 28 139.4832,65
283,137 822 243,408,327 129,810,841 79,990,603
7 927,086 14,572,582 . 4,745,802 3,335,226
27,124 S39 45,187,998 18,981,080 10,162036
117 763 28 -Iâ6 511,843 32,42S 6S. 86 19,472
107,772 63 161,323,382 S3 723193 78,777,881
9,991 16S 4811539 2I 9S 28 '7 54t 59t
47,832,890 34,439 723 30,502,196 18,889,505
37 1 7 39 31 262 SI 801 424 11 47'914
9112,608 38,534,6I5 4,561,S89 46,024,275
BJ 69664 '0J3 '34"676.361
T/Z3,646,635 1.493,863.963 ,538,341,793 1,466,129 638
- 3 134,883 -
Current ear incremental de reciation - net of tax Ua-a ro riated rofii carried forward
R2NFO O .'. * '':*-:'' '' •
tO,572,9S6 25,177.695 5,28ti,478
. j a87 69 SB I 52J 481896 J 6
17,541,012
1521 t8I,896
Eamin r share Rx Grp
Net mar in % Current ratio
*. OTHER INFORMATION : Nill
0.01
0 4 _
4.34
9.38%
-0.02%
1.14
0.58
7.Sd%
-3.02•Z• 0.94
1.16
9.06% k97% 1.14
We All be sending you 3 copies of printed accounts for distribution amongst the members of the Exchange. for fiephyr Textiles limited
ABDULJABBAR
CompanySecwtg Fñmy,F,brtm-y27,2026
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UNAUDITED) AS AT DECEMBER 31, 2025 December 31, June 30, 2025 2025 ASSETS NON CURRENT ASSETS
Property, plant and equipment
Note (Unaudited) (Audited) Rupees RupeesOperating fixed assets | 8 | 2,917,749,156 | 2,888,976,924 |
Right of use assets | 9 | 364,390 | 459,448 |
Capital work in progress | 10 | 641,453 | 18,048,239 |
2,918,754,999 | 2,907,484,611 | ||
Intangible assets | 149,939 | 299,878 | |
Long term deposits | 25,474,124 | 25,474,124 | |
2,944,379,062 | 2,933,258,613 | ||
CURRENT ASSETS | |||
Stores, spares and loose tools | 304,168,432 | 230,424,873 | |
Stock in trade | 11 | 1,874,295,584 | 1,942,040,058 |
Loans and advances | 12 | 113,762,614 | 66,992,300 |
Trade debts | 13 | 784,540,741 | 961,464,521 |
Trade deposits and prepayments | 36,824,328 | 25,314,615 | |
Tax refunds due from Government | 14 | 326,119,764 | 373,986,586 |
Taxation / levy-net | 15 | 21,192,075 | 42,059,645 |
Other receivables | 126,816,136 | 132,362,795 | |
Short term investments | 16 | 8,383,564 | 7,400,239 |
Cash and bank balances | 17 | 37,897,823 | 27,409,493 |
3,634,001,061 | 3,809,455,125 | ||
NON CURRENT ASSETS HELD FOR SALE | |||
Freehold land | 18 | 30,275,000 | 30,275,000 |
TOTAL ASSETS | 6,608,655,123 | 6,772,988,738 | |
EQUITY AND LIABILITIES | |||
SHARE CAPITAL AND RESERVES | |||
Authorized share capital | 19.1 | 625,000,000 | 625,000,000 |
Issued, subscribed and paid up capital | 19.2 | 594,287,290 | 594,287,290 |
Surplus on revaluation of property, plant and equipment | 20 | 362,710,427 | 373,283,383 |
Loan from sponsor | 39,000,000 | 39,000,000 | |
Accumulated profit | 1,487,265,258 | 1,523,646,635 | |
2,483,262,975 | 2,530,217,308 | ||
NON CURRENT LIABILITIES | |||
Long term financing | 21 | 120,463,218 | 44,722,309 |
Deferred liabilities | 22 | 291,109,547 | 279,070,999 |
Deferred grant | 1,090,732 | 1,390,684 | |
412,663,497 | 325,183,992 | ||
CURRENT LIABILITIES | |||
Trade and other payables | 23 | 1,815,213,729 | 1,866,592,689 |
Contract liabilities | 22,434,749 | 46,108,472 | |
Mark-up accrued | 24 | 11,964,803 | 19,806,465 |
Short term borrowings | 25 | 1,823,548,123 | 1,972,919,250 |
Unclaimed dividend | 829,907 | 829,907 | |
Current portion of long term liabilities | 26 | 38,737,340 | 11,330,655 |
3,712,728,651 | 3,917,587,438 | ||
TOTAL EQUITY AND LIABILITIES | 6,608,655,123 | 6,772,988,738 | |
CONTINGENCIES AND COMMITMENTS | 27 | ||
The annexed notes from 1 to 44 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE HALF YEAR ENDED DECEMBER 31, 2025 Half year ended Quarter ended
December 31, | December 31, | December 31, | December 31, | ||
2025 | 2024 | 2025 | 2024 | ||
Note | (Rupees) | (Rupees) | (Rupees) | (Rupees) | |
Sales - net | 28 | 3,826,631,194 | 3,938,800,214 | 1,864,703,343 | 1,760,541,139 |
Cost of sales | 29 | (3,444,927,397) | (3,569,495,460) | (1,716,701,815) | (1,601,057,874) |
Gross profit | 381,703,797 | 369,304,754 | 148,001,528 | 159,483,265 | |
Distribution cost | 30 | (213,714,550) | (171,406,477) | (99,679,223) | (37,583,515) |
Administrative expenses | (69,423,272) | (72,001,850) | (30,131,618) | (42,407,088) | |
Other operating expense | (7,927,086) | (14,572,582) | (4,745,802) | (3,335,226) | |
Other income | 27,124,539 | 45,187,998 | 18,981,080 | 10,162,036 | |
(263,940,369) | (212,792,911) | (115,575,563) | (73,163,793) | ||
Operating profit | 117,763,428 | 156,511,843 | 32,425,965 | 86,319,472 | |
Finance costs | 31 | (107,772,263) | (161,323,382) | (53,725,193) | (78,777,881) |
Profit / (loss) before taxation and levy | 9,991,165 | (4,811,539) | (21,299,228) | 7,541,591 | |
Levy | 32 | (47,832,890) | (34,439,723) | (30,502,196) | (18,889,505) |
Loss before income tax | (37,841,725) | (39,251,262) | (51,801,424) | (11,347,914) | |
Taxation | 33 | (9,112,608) | 38,554,615 | (4,561,589) | 46,024,275 |
(Loss) / profit after taxation | (46,954,333) | (696,647) | (56,363,013) | 34,676,361 | |
(Loss) / earnings per share - basic and diluted (Rupees) | 34 | (0.79) | (0.01) | (0.95) | 0.58 |
The annexed notes from 1 to 44 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE HALF YEAR ENDED DECEMBER 31, 2025 Half year ended Quarter ended December 31, December 31, December 31, December 31, 2025 2024 2025 2024 (Rupees) (Rupees) (Rupees) (Rupees)
(Loss) / profit for the period (46,954,333) (696,647) (56,363,013) 34,676,361 Other comprehensive income for the period - - - -Total comprehensive (loss) / income for the period (46,954,333) (696,647) (56,363,013) 34,676,361 The annexed notes from 1 to 44 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER CASH FLOWS FROM OPERATING ACTIVITIES Half year ended December 31, December 31, Note 2025 2024 (Rupees) (Rupees)Profit / (loss) before taxation and levy 9,991,165 (4,811,539) Adjustments for items not involving movement of funds:
115,507,650 | 108,325,442 |
149,939 | 604,086 |
- | 5,683,335 |
(983,325) | (1,103,341) |
- | (17,097) |
23,171,004 | 20,145,366 |
- | 4,202,220 |
(372,667) | (445,382) |
107,772,263 | 127,701,510 |
Depreciation - PPE and RoU Amortization
Loss on sale of PPE
(Gain) on re-measurement of short term investments Dividend income
Provision for staff gratuity Allowance for ECL Unwinding of discount Financial charges
Net cash flow before working capital changes 255,236,029 260,284,600
(Increase) / decrease in current assets(55,695,320) | (82,370,474) |
67,744,474 | (428,453,443) |
171,569,024 | 42,417,752 |
(46,770,314) | 77,765,321 |
(11,509,713) | (49,446,222) |
47,866,822 | (164,594,979) |
5,546,659 | (4,917,843) |
Stores, spares and loose tools Stock in trade
Trade debts
Loans and advances
Trade deposits and prepayments
Tax refunds due from the Government Other receivables
Increase / (decrease) in current liabilitiesTrade and other payables Contract liabilities
178,751,632 (569,173,473)
(51,378,960) | 235,104,188 |
(23,673,723) | 28,986,082 |
(75,052,683) 264,090,270
Cash flows generated from operations 358,934,978 (44,798,603) Income taxes paid(21,192,075) | (30,388,278) |
(20,245,064) | (14,096,198) |
(116,032,414) | (125,137,481) |
Gratuity paid Financial charges paid
(157,469,553) (169,621,957)
Net cash generated from / (used in) operating activities 201,465,425 (214,420,560)
CASH FLOWS FROM INVESTING ACTIVITIES(48,464,299) | (49,739,453) |
(96,361,978) | (221,721,794) |
- | 10,804,000 |
- | 17,097 |
- | (148,500) |
Additions to operating fixed assets - net Additions to capital work in progress Proceeds from sale of operating fixed assets Dividend received
Long term deposits
Net cash used in investing activities (144,826,277) (260,788,650)
CASH FLOWS FROM FINANCING ACTIVITIES(149,371,127) | 486,158,425 |
- | 40,426,415 |
103,220,309 | (4,865,458) |
- | (15,533,910) |
Proceeds from short term financing - Net Proceeds from short term investments - Net Proceeds from long term financing - Net Principal paid on lease liabilities
Net cash (used in ) / generated from financing activities | (46,150,818) | 506,185,472 |
Net (decrease) / increase in cash and cash equivalents | 10,488,330 | (9,450,153) |
Unrealised (loss) / gain on cash and cash equivalent | (25,694) | (77,671) |
Cash and cash equivalents at the beginning of the period | 27,435,187 | 57,878,126 |
Cash and cash equivalents at the end of the period | 37,897,823 | 48,350,302 |
The annexed notes from 1 to 44 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER
ZEPHYR TEXTILES LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE HALF YEAR ENDED DECEMBER 31, 2025
Issued, subscribed and paid-up capital | Loan from sponsor | Surplus on revaluation of fixed assets | Accumulated profits | Total |
Note (Rupees) (Rupees) (Rupees) (Rupees)
Balance as at July 01, 2024 - audited Total comprehensive income for the period ended December 31, 2023 Profit for the period | 594,287,290 - | - - | 486,755,448 - | 1,493,865,963 (696,647) | 2,574,908,701 (696,647) |
Reversal of surplus on disposal of PPE - net of tax | - | - | (3,134,885) | 3,134,885 | - |
Transfer of incremental depreciation from surplus on revaluation of fixed assets - net of tax | - | - | (25,177,695) | 25,177,695 | - |
Balance as at December 31, 2024 - unaudited | 594,287,290 | - | 458,442,868 | 1,521,481,896 | 2,574,212,054 |
Balance as at July 01, 2025 - audited Total comprehensive income for the period ended December 31, 2025 Loss for the period | 594,287,290 - | 39,000,000 - | 373,283,383 - | 1,523,646,635 (46,954,333) | 2,530,217,308 (46,954,333) |
Transfer of incremental depreciation from surplus on revaluation of fixed assets - net of tax | - | - | (10,572,956) | 10,572,956 | - |
Balance as at December 31, 2025 - unaudited | 594,287,290 | 39,000,000 | 362,710,427 | 1,487,265,258 | 2,483,262,975 |
The annexed notes from 1 to 44 form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER