Condensed interim unconsolidated statement of comprehensive income (un-audited)

For the period ended December 31, 2024

Six months ended Three months ended

31 December 31 December 31 December 31 December
2024 2023 2024 2023
(Rupees in thousand)
Profit / (loss) for the period 647,046 (206,356) 402,095 (222,097)

Other comprehensive income

Fair value gain/(loss) on investment in
equity instrument designated at FVTOCI 33,367 - - -

Total comprehensive income for the period 680,413 (206,356) 402,095 (222,097)

The annexed notes 1 to 18 form an integral part of these condensed interim unconsolidated financial statements.

LAHORE Syed Sheharyar Ali Mansoor Murad Syed Shahid Ali

February 26, 2025 Chief Executive Officer Chief Financial Officer Director

12 Treet Corporation Limited

Condensed interim unconsolidated statement of changes in equity (un-audited)
For the period ended December 31, 2024

Capital reserves Revenue reserves

Surplus on
Unappropri
Share Share Capital Loan from revaluation of General
-ated Total
Capital Premium Reserve a director fixed assets - Reserve
Profit
net of tax
-----------------------------------------(Rupees in thousand)----------------------------------------------

Balance as at 01 July 2023 1,787,211 4,905,432 629 230,000 5,215,789 266,400 2,914,546 15,320,007
Total comprehensive income for the period
Profit for the period - - - - - - (206,356) (206,356)
Other comprehensive income - - - - - - - -
- - - - - - (206,356) (206,356)
Incremental depreciation relating to
surplus on revaluation of building - net of tax - - - - (19,576) - 19,576 -
Transactions with owners of the Company,
contributions and distributions
Loan repaid to the director - - - (224,000) - - - (224,000)
Balance as on 31 December 2023 - unaudited 1,787,211 4,905,432 629 6,000 5,196,213 266,400 2,727,766 14,889,651
Total comprehensive income for the period
Profit for the period - - - - - - 17,207 17,207
Other comprehensive income - - - - 1,116,331 - (73,295) 1,043,036
- - - - 1,116,331 - (56,088) 1,060,243
Incremental depreciation relating to surplus
on revaluation of building - net of tax - - - - (56,666) - 56,666 -
Transactions with owners of the Company,
contributions and distributions
Issuance of right shares 1,923,077 576,923 - - - - - 2,500,000
Right shares issuance expenses - (47,734) - - (47,734)
1,923,077 529,189 - - - - - 2,452,266
Loan repaid to director - - - (6,000)
Balance as at 30 June 2024- audited 3,710,288 5,434,621 629 - 6,195,685 266,400 2,846,317 18,453,940
Total comprehensive income for the period
Profit for the period - - - - - - 647,046 647,046
Other comprehensive income - - - - - - 33,367 33,367
- - - - - - 680,413 680,413
Incremental depreciation relating to surplus
on revaluation of building - net of tax - - - - (27,160) - 27,160 -
Balance as on 31 December 2024 - unaudited 3,710,288 5,434,621 629 - 6,168,525 266,400 3,553,890 19,134,353

The annexed notes 1 to 18 form an integral part of these condensed interim unconsolidated financial statements.

LAHORE Syed Sheharyar Ali Mansoor Murad Syed Shahid Ali

February 26, 2025 Chief Executive Officer Chief Financial Officer Director

Half Yearly Report 2024 13

Condensed interim unconsolidated statement of cash flows (un-audited)
For the period ended December 31, 2024

31 December 31 December
2024 2023
Note (Rupees in thousand)
CASH FLOW FROM OPERATING ACTIVITIES
Profit /(Loss) before levies and income tax 877,190 (215,659)
Adjustments for non cash items:
Finance cost 751,368 1,061,876
Amortization on intangible asset - 692
Depreciation on property, plant and equipment 5.1 182,769 197,840
Provision for gratuity 86,362 69,024
Provision for superannuation fund 80,478 65,706
Profit on bank deposits (22,040) (13,227)
Unrealized exchange (gain) / loss on investment (1,179) 14,389
Unrealized loss on investments at 'fair value
through profit or loss 1,319 8,756
Gain on disposal of long term investment (594,012) -
Provision for Workers' Profit Participation Fund (WPPF) 10,928 -
(Reversal) / Provision for Workers' Welfare Fund (WWF) 8,792 950
Interest on advances to the subsidiary company (315,829) (314,690)
Gain on sale of property, plant and equipment - (21,568)
188,956 1,069,748
Operating profit before working capital changes 1,066,146 854,089
(Increase)/decrease in current assets:
Stores and spares 20,974 (21,081)
Stock in trade (299,924) 382,982
Trade debts (305,433) (53,233)
Loans, advances, deposits, prepayments and other receivables 190,916 (471,686)
(393,467) (163,018)
Increase in current liabilities:
Trade and other payables 725,964 142,689
1,398,643 833,760
Income tax and levies paid (142,614) (108,929)
Finance cost paid (830,952) (931,286)
Payment to gratuity fund (60,967) (10,064)
Payment to superannuation fund (27,301) (20,847)
Payment to WPPF (1,540) (384)
Payment to WWF (5,264) (8,989)
Long term loans - net (10,076) (109,123)
Long term security deposits - net (2,212) (3,611)
(1,080,926) (1,193,233)
Net cash generated from / (used in) operating activities 317,717 (359,473)
Cash flows from investing activities
Fixed capital expenditure (294,132) (283,764)
Proceeds from disposal of property, plant and equipment - 32,267
Proceeds from disposal of short term investment 14,300 -
Proceeds from disposal of long term investments 1,425,919 -
Profit received on bank deposits 22,040 13,227
Net cash generated from / (used in) investing activities 1,168,127 (238,270)

14 Treet Corporation Limited