®

mreet Corp
CBJ Treet Corporation Limited
72B, Peco Road, Kot Lakhpat Industrial
Area, Lahore 54770, Pakistan
� +92-42-1111- TREET (87338)
e [Link]

Annexure A-1
Treet Corporation Limited
Unconsolidated Statement of Profit or Loss
For the year ended June 30, 2025
2025 2024
(R upees in thousand)--- ------
(Restated)

Revenue from contracts with customers - net 12,591,060 10,935,371

Cost of revenue (7,993,997) (7,689,634)
Gross profit 4,597,063 3,245,737

Administrative expenses (1,301,693) (1,048,322)

Distribution cost (1,758,159) (I, 178,830)
Other operating expenses (217,964) (275,301)
(3,277,816) (2,502,453)
Operating profit 1,319,247 743,284

Finance cost (1,222,390) (1,881,450)

Other income 1,339,757 1,115,040
Profit/ (loss) before levies and income tax 1,436,614 (23,126)
Minimum tax differential (10,137) (24,230)
Final tax (66,988)
Profit/ (loss) before income tax 1,426,477 (114,344)

Income tax (380,957) 6,973

Profit/ (loss) for the year 1,045,520 (I07,371)

----------(Rupees) ----------
Earnings per share
Basic earnings per share (Rupees) 2.82 (0.35)
Diluted earnings per share (Rupees) 2.82 (0.35)
 ®
mreet � Treet Corporation Limited � +92-42-1111- TREET (87338)
72B, Peco Road, Kot Lakhpat Industrial G [Link]
Area, Lahore 54770, Pakistan
Corp
Annexure A-2
Treet Corporation Limited
Unconsolidated Statement of Financial Position
As at June 30, 2025
2025 2024 2023
Assets ----------(Rup ees in thousand)----------

Non-current assets (Restated) (Restated)

Property, plant and equipment 2,556,816 2,232,928 1,846,527
Intangible asset 1,313
Long term investments 12,160,600 11,180,610 11,377, I 75
Long tem1 loans and advances 60,364 128,182 22,930
Long term security deposits 22,589 20,323 20,282
Deferred taxation 195,270 229,801 112,406
14,995,639 13,791,844 13,380,633
Current assets

Stores and spares 349,888 305,178 278,929

Stock in trade 2,824,582 2,407,800 2,858,633
Short term investments 32,811 45,112 97,726
Trade debts 536,762 175,403 290,342
Loans, advances, deposits, prepayments
and other receivables 4,320,255 5,997,279 4,684,204
Employees provident fund - - 5,997
Advance tax - net - 100,802 12,622
Cash and bank balances 808,920 385,143 189,318
8,873,218 9,416,717 8,417,771

Liabilities
Current liabilities
Short term borrowings - secured 3,887,065 4,944,858 5,828,618
Current portion of long term finances 416,721 346,685 91,601
Trade and other payables 2,725,362 1,865,614 2,075,729
Unclaimed dividend 14,951 14,951 15,568
Accrued mark-up 178,195 351,566 381,119
Employees provident fund 24,284 - -
Current portion oflease liabilities 2,007 6,966 8,840
Provision for taxation - net 83,057 - -
7,331,642 7,530,640 8,401,475
Net current liabilities 1,541,576 1,886,077 16,296
Non-current liabilities
Long tem1 finances - secured 1,651,882 1,994,721 2,187,500
Deferred liabilities - employee retirement benefits 1,596,749 1,484,946 1,103,599
Lease liabilities 1,428 1,199 8,155
3,250,059 3,480,866 3,299,254
13,287,156 12,197,055 10,097,675
Contingencies and commitments

Share capital 3,710,288 3,710,288 1,787,21 I

Reserves 5,701,650 5,701,650 5,172,461
Unappropriated profit 3,875,218 2,785,117 2,908,003
Loan from director 230,000
13,287,156 12,197,055 10,097,675
 ®
mreet Corp
� Treet Corporation Limited
72B, Peco Road, Kot Lakhpat Industrial
Area, Lahore 54770, Pakistan
� +92-42-1111- TREET (87338)
G [Link]

Annexure-A3
Treet Corporation Limited
Unconsolidated Statement of Comprehensive Income
For the year ended June 30, 2025

2025 2024
(Rupees in thousand)
(Restated)

Profit I (loss) for the year 1,045,520 (107,371)

Other comprehensive income

Items that will not be subsequently reclassified to statement ofprofit or loss:

Re-measurement of employee retirement benefits 52,681 (93,279)
Related tax impact for the year (15,278) 29,849
Effect of change in tax rate - employee retirement benefits (26,168) 47,915
Fair value gain on investment in equity instrument
designated at FVTOCI 33,346
44,581 (15,515)

Total comprehensive income for the year 1,090,101 (122,886)

 ®
� Treet Corporation Limited <l:::, +92-42-1111- TREET (87338)
mreet 72B, Peco Road, Kot Lakhpat Industrial G [Link]
Area, Lahore 54770, Pakistan
Corp
Annu:un: A""'
Trttt CorporaUon Umlttd
Unconiofubttd Stattmt:at ofO•nsu 1n Eqidty
For tAtJ�or mdtd JMnt JO, 1DJS

Capital RtHl'YH
Surphn on
renluaUon or Un­
Loan from a
Share Capital Share Premium Capital Rntn·t lan!J and approprialtd Total
dlrtttor
"'
bulldln1s - ntt of prom

------------·-···-----------··········· (Ru))ff-tlntbo,u• nd) •••••••••••••••••••••••••••••••••••••••

Balance as at July 01, 2023 - at rtpontd urfitr 1.787.211 4,90S.432 629 [Link].596 [Link] 2,974,739 230,000 IS,320,007
Effect fA retrospcctl\'C applica1ion of chansc in m:[Link] policy (net of tax) . notes (5.155.596) (66.736) (5.222.ll2)
Balin« u at July 01, 2023 - n:ttated 1,787,211 4.9()5.432 629 266.400 2.908.003 230.000 10.097.675

Tot•/r,mpr,lrn,rbx b,comr for,,,, ,m

Loss for the )"Car - mtltCd
Other comprchcns:h-e anoomc • restated 11 11 11 11 (107.)71)
IS 515
(122.886)
(107.)71)
IS,S15
(122.886)

[IJl.t!.•'•s:ti£D.t. '-itb. �trs o[thr. ,f:l!!J?l"I' D!f!.[Link].istriby_rJ.m,1.

l�ofnghl sham 1,923.077 576.923 2.S00.000
[Link] shan:s issuance O.'J)CnSCS ('7.734) (47.734)
Loan repaid to director (230.000) (230,000)
Balance u al June 30, 202�. 1t1ia1ed J,710J88 5,U.�21 629 266,.100 2,785,117 12,197,055

Totul rnmruAir,uhx Im for tbt ,rec

Profit for [Link] year
[Link] oomprehenJi\'C income 11 11 11 11 1,045,520
44,5111
l,o90,I0I
1,045,520
44,5111
1,1)90,101
Transfer of capital res,en-e IO share premium 629 (629)

Balance at at June 30, 2025 3,710�88 5,435.250 266,400 3,8'5.218 IJ.287,156

 � +92-42-1111- TREET (87338)
e
®
� Treet Corporation Limited
mreet
728, Peco Road, Kot Lakhpat Industrial [Link]
Area, Lahore 54770, Pakistan
Corp
Annexure A-5
Treet Corporation Limited
Unconsolidated Statement of Cash Flows
For the year ended June 30, 2025

2025 2024
------(Rupees in thousand)-----­
(Restated)
Cash generated from operations 2,533,038 1,419,941

Income tax paid (352,407) (209,647)

Levies paid (37,800)
Finance cost paid (1,394,826) (1,911,003)
Contributions to defined benefit plans (215,015) (12,702)
Long term loans and deposits - net 65,552 (105,293)
Workers' Welfare Fund paid (5,264) (9,449)
Workers' Profit Participation Fund paid (47,063) (38,028)
(1,949,023) (2,323,922)
Net cash generated from/ (used in) operating activities 584,015 (903,981)

Cash flows from investing activities

Fixed capital expenditure (648,869) (686,737)

Proceeds from disposal of property, plant and equipment 20,426 52,310
Proceeds from disposal of short term investments 13,733 -
Proceeds from disposal of long term investments 1,786,055 317,863
Acquisition of subsidiary (27,700)
Profit received on bank deposits 31,443 24,054
Dividend received - 952
Net cash generated from I (used in) investing activities 1,175,088 (291,558)

Cash flows from financing activities

Proceeds from issue of share capital under rights issue - net - 2,452,266
Receipts from long term finances 92,606 153,906
Repayments of long term finances (365,409) (91,601)
Lease rentals paid (4,730) (8,830)
Receipts of short term borrowings 1,169,073 1,199,678
Repayments of short term borrowings (1,170,366) (1,288,715)
Loan repaid to director - (230,000)
Dividend paid - (617)
Net cash (used in )/ generated from financing activities (278,826) 2,186,087
Net increase in cash and cash equivalents 1,480,277 990,548

Cash and cash equivalents at the beginning of year (3,400,944) (4,391,492)

Cash and cash equivalents at the end of year {1,920,667) (3,400,944)
 ®
mreet Corp
� Treet Corporation Limited
72B, Peco Road, Kot Lakhpat Industrial
Area, Lahore 54770, Pakistan
� +92-42-1111· TREET (87338)
G [Link]

Annexure B-1
Treet Corporation Limited
Consolidated Statement of Profit or Loss
For the year ended June 30, 2025

2025 2024
(Rupees in thousand)
(Restated)
Revenue from contracts with customers - net 26,687,607 25,086,307
Cost of revenue (19,499,485) (19,239,343)
Gross profit 7,188,121 5,846,964

Administrative expenses (1,618,849) (1,221,864)

Distribution cost (2,694,565) (2,191,076)
Other operating expenses (260,985) (128,895)
(4,574,399) (3,541,835)
Operating profit 2,613,723 2,305,129

Finance cost (1,722,329) (2,452,397)

Other income 270,476 369,062
Share of profit from associate 17,466 34,921
Profit before levies and income tax 1,179,335 256,715
Minimum tax differential (179,035) (185,622)
Final tax (29,121) (67,185)
Profit before income tax 971,179 3,908
Income Tax (412,888) (63,870)
Profit/ (loss) for the year 558,290 (59,962)

Attributable to:
Equity holders of the Parent Company 502,972 (139,965)
Non - controlling interest 55,319 80,003
558,291 (59,962)

------------(Rupees)--

Basic earning/ (loss) per share 1.36 (0.46)

Diluted earning/ (loss) per share 1.36 (0.46)
 ®
� Treet Corporation Limited � +92-42-1111- TREET (87338)

mreet
72B, Peco Road, Kot Lakhpat Industrial S [Link]
Area, Lahore 54770, Pakistan
Corp
Annexure B-2
Treet Corporation Limited
Consolidated Statement of Financial Position
As at June 30, 2025
2025 2024 2023
------(Rupees in thousand)------
(Restated) (Restated)
ASSETS
Non-current assets
Property, plant and equipment 11,422,471 10,769,059 9,980,609
Right of use assets 5,470 15,988 32,052
Intangible assets 133,613 133,613 134,926
Long term investments 337,266 328,703 288,520
Long term deposits 68,764 102,813 111,746
Long term loans and advances 60,364 128,182 22,930
Deferred taxation 171,558 213,581 92,057
12,199,507 11,691,939 10,662,840
Current assets
Stores and spares 515,919 454,221 426,550
Stock in trade 4,382,061 4,322,364 4,538,884
Trade debts 1,915,426 1,793,285 1,799,114
Short term investments 37,820 47,800 100,668
Loans, advances, deposits, prepayments
and other receivables 3,712,364 3,777,521 2,007,737
Employees provident fund . . 5,997
Cash and bank balances 1,954,494 1,095,661 367,407
12,518,084 11,490,852 9,246,357
Asset classified as held for sale . 7,621 .
12,518,084 11,498,473 9,246,357

LIABILITIES
C11rre11t liabilities
Current portion of long term liabilities 583,425 430,415 140,340
Short term borrowings 6,302,374 7,230,496 8,493,325
Trade and other payables 5,059,857 4,394,888 3,523,471
Unclaimed dividend 14,951 14,951 15,602
Accrued mark-up 313,877 561,239 540,632
Employees provident fund 24,284 . .
Provision for taxation 291,904 345,566 133,547
12,590,672 12,977,555 12,846,917
Net current liabilities (72,588) (1,479,082) (3,600,560)
Non-current liabilities
Deferred liabilities 1,596,837 1,484,946 1,103,599
Long term finances - secured 2,496,011 3,018,961 2,710,632
Government grant 12,673 30,540 46,304
Lease liabilities 1,428 4,365 19,971
4,106,948 4,538,812 3,880,506
Contingencies and commitments
8,019,970 5 674,045 3,181,774
Share capital 3,710,288 3,710,288 1,787,211
Reserves 6,289,155 6,265,964 5,683,497
Accumulated loss (2,754,178) (4,764,142) (4,899,032)
Loan from a director 230,000
Equity attributable to owners of the Company 7,245,265 5,212,110 2,801,676
Non - controlling interest 774,705 461,935 380,098
8,019,970 5,674 045 3,181,774
 ®
� Treet Corporation Limited <\,:, +92-42-1111- TREET (87338)
mreet
72B, Peco Road, Kot Lakhpat Industrial G [Link]
Area, Lahore 54770, Pakistan
Corp

Annexure B-3
Treet Corporation Limited
Consolidated Statement of Comprehensive Income
For tlte year ended June 30, 2025

2025
(Rupees in thousand)
2024

(Restated)

Profit/ (loss) for the year 558,290 (59,962)

Other comprehensive income

Items that will never be reclassified subsequently

11,235
to profit or loss:

33,346
Remeasurement of defined benefit obligation - net of tax (15,148)
Fair value gain on investment in equity instrument

(736)
designated at FVTOCI

43,845
Share of loss from associate - net of tax (28)
(15,176)
Items that may be reclassified subsequently
to profit or loss:
Exchange differences arising during the year
on translating foreign operations ._____;_3( �01)1
3( 01)
L__I _ ____,-1

Total comprehensive income for the year 601,834 (75,138)

Attributable to:
546,516
55,319
Equity holders of the Parent Company (155,141)
Non-controlling interest 80,003
601,834 (75,138)
 ®
� Treet Corporation Limited � +92-42-1111- TREET (87338)
mreet 72B, Peco Road, Kot Lakhpat Industrial G [Link]
Area, Lahore 54770, Pakistan
Corp
;";";;:::::::::::=
Annuure B•4
Tl"fftc.,.,.....,a...umltt11
c-iw.,n St■1•...... •t [Link] In F.41110 1
p., tJ.• ya, MMtl J•11• JI, 111J

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.... ..;;;�;;;
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Tot.t ..._u11y
S111rpfv.N :-.-
r....,,r,. ■llrllNl■ltlt-1■
Sh■rt I" [Link].1JM ♦f Loia■tttth� c...u..,11-,
C•pkM St&1111wy c.-.., ...,_he,ldtnol
Shlftl°nlllhlm npkat r"l'Hn,. ,[Link], plant ,,_,c,.w,■> lnlfl'fll
Tra.,.l■llo. 11..wi.,
9'-tac, ..,•q11l�nt • dln«w (NCI)
Rt-Mr.-. c-,-.,.
MfeflH

••••••••••..•••••••••••···················· (Kuptflln lllou dnd) - •••••.•.•••••••••••••••••••••••••• ····••·•

1,717,211 6:29 212.1'4 6,J.,1.166 '11,941

•
lJ0,000 "'·""' (US7,90,J) 9, [Link]-4 l"°,729 9,1,,.nJ
� (6.3'U66) ________ _____ •_ __l!;(l.&,cl,121 ) ��
e, !L (6.6n.l09)
1,111,ZII 629 m.9-lt 2Jo,ooo 266,400 (4,199,032) 2,IOl,676 JI0,098 ).111.774
[,Wr,eecdrnrir,itrr:e""C("Ctt«oor:

1.:,-a,ui �ifllionNI..JllllO�Olll't\"■lulticiaolbMildiflll-Mlofh.�
[Link]:aliud on di ,poa.l olprcpcny, pllfll and eq,,1ipmmt
Efl'w1of�in1t�ratcon-o(-,1,.ooim11I\Ylkaofbolildiftf1
TrMlfcrof2°'�profi1raru...,·-[Link]«Or)'_,, H.27S ()),27')
Qer,M',...,.L'•Wi,war
T,_,.uofWl'Co(NCl -di,[Link](Wf'C in TBL ),0.)09 1,U4 JH,10
Oweaitn!?rirtrrnmdMtGrar Cltlttll,rim1Wekri6Hdtar
[Link]
RifblaMl'C$i-.t.� l.9lMJ '�'
,
IY'.J077
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--:"-'��-�=•1ICJc=ic=ic=ic=ic=ic=i1�---'-'" ';,:,IL::=JLI __",,,,�"":�....,

,29,1'9 2,4'.?,266 2.,H,266
Loan u,;ci\·cd frofti • d..cdor (230,000) {[Link].000) {230.000)

Balann Mat Jun, 30, JOH 3.710,2U ,.433,716 .,. ( 4,764.142) ,.212.110

.__-'-'!,_I ---'--'11==ic=ic=ic=i�c=ic=i,_1__,",,'�=
... :: 11 �:::Ii � I_....,
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[pl«..,,,,.,,.;..,iarel'ff:''" ,.+c\'.tN
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(JOI) .MU:17 !46.516 S!,JI, '411,IJ-4
TrwferoC20!.prof,t(o,the)'Cll'Mlllllul«yracr,,1' (lJ.4,,)

"' (62')
Gbwkt:omAliPirtrwr
T......rrrortlweoINCf. diopc:N)ol._inmL [Link],516 t.7U.516 21,575

---'--J: 11==:JC]I �
Tr-tt1ot'WtllofNCl •-[Link]-a.a....up;w;.mL (1J$,174) (2J5,174) JJMl�

Twlfmtt!r"'.Htrnwr,m,c,,.., ctnr:ritHDt01ed.6'!Mtircitr1

L___....:._JL________:_jlc=:JCJCJCJCJCJCJI._ ._
l7IOJ:A pen 1''100 774705
Qls.4179) ',U},l6S
 ®
Treet Corporation Limited � +92-42-1111- TREET (87338)

mreet
728, Peco Road, Kot Lakhpat Industrial G [Link]
Area, Lahore 54770, Pakistan
Corp
Annexure B-5
Treet Corporation Limited
Consolidated Statement of Cash Flows
For the year ended J1111e 30, 2025

2025 2024

(Rupees in thousand)
(Restated)

Cash generated from from operations 4,136,597 3,925,064

Finance cost paid (2,0ll,156) (2,424,780)

Income tax paid (452,593) (469,554)
Levies paid - (37,800)
WPPF and WWF paid (58,408) (30,828)
Contributions to defined benefit plans (215,015) (12,702)
Long term loans and deposits - net 101,867 (96,319)
(2,635,305) (3,071,984)
Net cash generated from operating activities 1,50 1,291 853,081

Cash flows from i11vesti11g activities

Fixed capital expenditure (1,214,173) (2,078,991)
Addition to right of use assets (2,587) -
Proceeds from sale of property, plant and equipment 20,280 32 ,126
Proceeds from disposal of short term investments IJ,733 -
Proceeds from disposal of long term investment - Techlogix 41,534 -
Proceeds from disposal of shares in subsidary - TBL 1,744,091 345,143
Profit received on bank deposits 52,IJ5 53,393
Dividend received 99 952
Net cash generated from I (used in) investing activities 655,112 (1,647,377)

Cash flows from fi11a11ci11g activities

Proceeds from issue of share capital under rights issue - net - 2,452,2 66
Lease rental paid (17,659) (19,300)
Long term loans - net (351,788) 583,064
Short term borrowings - net (80,462) (427,415)
Loan from director - (230,000)
Dividend paid - (651)
Net cash (used in)/ generated from financing activities (449,909) 2,357,964
------
Net increase in cash and cash equivalents 1,706,493 1,563,668

Cash and cash equivalents at the beginning of year (4,247,230) (5,810,898)

------
Cash and cash equivalents at the end of year 4,2=47= =,2=30=)
(2,540,737) =====(.,,.

Zunaira Dar Mansoor Murad

Chief Legal Officer and Company Secretary Chief Financial Officer