Financial Information

Assets_2026

Assets_2025

Fixed_Assets_2026

Profit_After_Tax_2026

Equity_Growth_2026

Local_Export_2026

Sales_Growth_2026

Profitability_Ratio_2026

Investor_Ratio_2026

TurnOver_Ratio_2026

Liqudity_Ratio_2026

Cash_Flow_2026

Capital_Structure_Ratio_2026

Financial Highlights

Amount in PKR. millions
Profit & Loss	2026	2025	2024	2023	2022	2021
Sales	131,090	157,905	143,146	111,968	100,257	78,774
Gross profit	9,572	18,978	17,191	16,695	17,368	12,869
Earnings before interest and tax	4,225	11,736	11,964	11,297	13,138	7,506
Profit / (loss) before final tax and income tax	(82)	5,660	6,537	5,949	10,469	5,562
Profit / (loss) after tax	(923)	4,023	4,728	3,986	8,862	4,425
Cash dividend	–	–	–	–	428	891
Bonus shares	–	–	–	1,233	–	713

Balance Sheet
Property, plant and equipment	54,739	50,895	50,024	50,122	45,842	38,351
Intangible	70	45	45	38	52	78
Long term investment, loans,
advances and deposits	3,792	3,769	3,755	3,792	3,816	3,747
Net current assets	5,430	10,803	6,119	6,926	8,748	5,539
Total assets employed	64,031	65,512	59,943	60,878	58,458	47,715
Represented by:
Share capital	7,401	7,401	7,401	7,401	6,167	5,312
Reserves	40,533	41,452	37,353	32,671	29,966	21,952
Shareholders’ equity	47,933	48,853	44,753	40,072	36,133	27,264
Long term loans	14,554	16,142	14,592	20,117	20,551	18,571
Deferred liabilities	1,543	517	599	689	1,774	1,880
Total capital employed	64,031	65,512	59,943	60,878	58,458	47,715
Cash Flow Statement
Operating activities	21,307	(6,362)	4,075	16,263	5,468	(20)
Investing activities	(8,194)	(5,416)	(3,889)	(7,955)	(10,664)	(8,806)
Financing activities	(10,274)	14,232	(3,540)	(9,405)	10,634	2,298
Cash and cash equivalents at
the end of the year	527	(2,312)	(4,766)	(1,412)	(345)	(5,783)

Financial Ratios	2026	2025	2024	2023	2022	2021
Profitability ratios
Gross profit ratio	7.30	12.02	12.01	14.91	17.32	16.34
Operating leverage ratio	3.77	(0.18)	0.21	(1.20)	2.75	6.27
EBITDA margin to sales	5.59	10.32	11.48	12.75	15.73	12.28
Net profit to sales	(0.70)	2.55	3.30	3.56	8.84	5.62
Profit before tax margin	(0.06)	3.58	4.57	5.31	10.44	7.06
Return on equity	(1.91)	8.60	11.15	10.46	27.96	21.46
Return on capital employed	6.52	18.71	19.80	18.93	24.75	19.94

Liquidity ratios
Current ratio	1.08	1.13	1.08	1.11	1.16	1.12
Quick / acid test ratio	0.43	0.38	0.41	0.47	0.56	0.57
Cash to current liabilities	0.01	0.00	0.00	0.01	0.03	0.01
Cash flow from operations to sales	0.16	(0.04)	0.03	0.15	(0.02)	(0.00)

Capital structure ratios
Financial leverage ratio	1.23	1.46	1.34	1.33	1.62	1.84
Weighted average cost of debt	6.62	9.26	9.58	9.56	4.92	4.34
Debt to funding ratio	55.07	59.39	57.20	57.14	61.78	64.80
Interest cover ratio	0.98	1.93	2.20	2.11	4.92	3.86

Turnover ratios

Inventory turnover	155	144	127	140	130	140
Inventory turnover ratio	2.36	2.53	2.88	2.61	2.81	2.62
Debtor turnover	56	54	61	80	84	60
Debtor turnover ratio	6.51	6.76	5.97	4.57	4.36	6.03
Creditors turnover	139	100	111	120	105	113
Creditors turnover ratio	2.63	3.66	3.27	2.68	3.26	2.92
Fixed assets turnover ratio	2.48	3.13	2.86	2.23	2.19	2.05
Total assets turnover ratio	0.92	1.10	1.10	0.91	0.85	0.83
Operating cycle	72	99	76	100	109	87

Investor information
Earnings per share	(1.24)	5.43	6.39	5.39	11.97	7.83
Price earning ratio	(24.59)	5.06	3.30	3.31	2.82	6.48
Price to book ratio	0.47	0.42	0.35	0.33	0.58	0.99
Dividend yield ratio	–	–	–	–	0.03	0.05
Cash dividend per share	–	–	–	–	1.00	2.50
Bonus shares issued	–	–	–	20.00	20.00	–
Dividend payout ratio	–	–	–	–	0.08	(2.23)
Dividend cover ratio	–	–	–	–	11.97	3.13
Break – up value per share	64.77	66.01	60.47	54.15	58.59	51.33
Market value per share
at the end of the year	30.49	27.47	21.10	17.81	33.81	50.73
high during the year.	40.70	58.40	25.96	32.94	60.80	58.32
low during the year	16.50	38.25	16.83	17.81	32.80	28.93
EBITDA	8,784	16,295	16,436	14,271	15,773	9,677

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