Financial Information

Fixed_Assets_2024

Profit_After_Tax_2024

Equity_Growth_2024

Local_Export_2024

Market_Breakup_2024

Sales_Growth_2024

Profitability_Ratio_2024

Investor_Ratio_2024

TurnOver_Ratio_2024

Liqudity_Ratio_2024

Cash_Flow_2024

Capital_Structure_Ratio_2024

Financial Highlights

Amount in PKR. millions
Profit & Loss	2025	2024	2023	2022	2021	2020
Sales	157,905	143,146	111,968	100,257	78,774	53,941
Gross profit	18,978	17,191	16,695	17,368	12,869	9,069
Earnings before interest and tax	11,736	11,964	11,297	13,138	7,506	1,932
Profit / (loss) before final tax and income tax	5,660	6,537	5,949	10,469	5,562	(76)
Profit / (loss) after tax	4,023	4,728	3,986	8,862	4,425	(479)
Cash dividend	–	–	–	428	891	891
Bonus shares	–	–	1,233	–	713	–

Balance Sheet
Property, plant and equipment	50,895	50,024	50,122	45,842	38,351	23,936
Intangible	45	45	38	52	78	90
Long term investment, loans,
advances and deposits	3,769	3,755	3,792	3,816	3,747	2,861
Net current assets	10,803	6,119	6,903	9,495	5,539	606
Total assets employed	65,512	59,942	60,855	59,205	47,715	27,493
Represented by:
Share capital	7,401	7,401	7,401	6,167	5,312	4,278
Reserves	41,452	37,353	32,671	29,966	21,952	9,685
Shareholders’ equity	48,853	44,754	40,072	36,133	27,264	13,963
Long term loans	16,142	14,592	20,117	20,551	18,571	13,446
Deferred liabilities	517	599	689	1,774	1,880	172
Total capital employed	65,512	59,945	60,878	58,458	47,715	27,581
Cash Flow Statement
Operating activities	(6,362)	(2,449)	16,269	(1,635)	(20)	160
Investing activities	(5,416)	(3,889)	(7,931)	(9,867)	(8,806)	(4,899)
Financing activities	14,232	2,984	(9,405)	6,837	2,298	875
Cash and cash equivalents at
the end of the year	(2,312)	(4,766)	(1,412)	(28,852)	(24,998)	(18,470)

Financial Ratios	2025	2024	2023	2022	2021	2020
Profitability ratios
Gross profit ratio	12.02	12.01	14.91	17.32	16.34	16.81
Operating leverage ratio	(0.18)	0.21	(1.20)	2.75	6.27	11.09
EBITDA margin to sales	10.32	11.48	12.75	15.73	12.28	7.21
Net profit to sales	2.55	3.30	3.56	8.84	5.62	(0.89)
Profit before tax margin	3.58	4.57	5.31	10.44	7.06	(0.14)
Return on equity	8.60	11.15	10.46	27.96	21.46	(3.27)
Return on capital employed	18.71	19.80	18.93	24.75	19.94	7.44

Liquidity ratios
Current ratio	1.13	1.08	1.11	1.16	1.12	1.02
Quick / acid test ratio	0.38	0.41	0.47	0.56	0.57	0.29
Cash to current liabilities	0.00	0.00	0.01	0.03	0.01	0.01
Cash flow from operations to sales	(0.04)	(0.02)	0.15	(0.02)	(0.00)	0.00

Capital structure ratios
Financial leverage ratio	1.46	1.34	1.33	1.62	1.84	2.82
Weighted average cost of debt	9.26	9.58	9.56	4.92	4.34	5.04
Debt to funding ratio	59.38	57.20	57.14	61.78	64.80	73.81
Interest cover ratio	1.93	2.20	2.11	4.92	3.86	0.96

Turnover ratios

Inventory turnover	144	127	140	130	140	192
Inventory turnover ratio	2.53	2.88	2.61	2.81	2.62	1.90
Debtor turnover	54	61	80	84	60	43
Debtor turnover ratio	6.76	5.97	4.57	4.36	6.03	8.45
Creditors turnover	100	111	120	105	113	175
Creditors turnover ratio	3.66	3.27	2.68	3.26	2.92	1.83
Fixed assets turnover ratio	3.13	2.86	2.23	2.19	2.05	2.25
Total assets turnover ratio	1.10	1.10	0.91	0.85	0.83	0.78
Operating cycle	99	76	100	109	87	60

Investor information
Earnings per share	5.44	6.39	5.39	11.97	7.83	(1.12)
Price earning ratio	5.05	3.30	3.31	2.82	6.48	(25.56)
Price to book ratio	0.42	0.35	0.33	0.58	0.99	0.88
Dividend yield ratio	–	–	–	0.03	0.05	0.09
Cash dividend per share	–	–	–	1	2.50	2.50
Bonus shares issued	–	–	20.00	20.00	–	20.00
Dividend payout ratio	–	–	–	0.08	(2.23)	0.25
Dividend cover ratio	–	–	–	11.97	3.13	(0.45)
Break – up value per share	66.01	60.47	54.15	58.59	51.33	32.64
Market value per share
at the end of the year	27.47	21.10	17.81	33.81	50.73	28.63
high during the year.	27.47	25.96	32.94	60.80	58.32	49.62
low during the year	17.99	16.83	17.81	32.80	28.93	21.45
EBITDA	16,312	16,436	14,271	15,773	9,677	3,891

*Ratio restated based on number of shares outstanding as on June 30, 2025.