Lahore: Fauji Foods Limited has disclosed its financial results for the year ending December 31, 2024, with the Board of Directors announcing that no cash dividends, bonus shares, or rights shares will be distributed. The decision was made during a board meeting held on January 28, 2025, at 11:00 a.m. Additionally, the company reported no other entitlements or corporate actions, and no price-sensitive information was released.

The Annual General Meeting (AGM) of Fauji Foods is scheduled for March 24, 2025, at 11:00 a.m. in Lahore. Shareholders should note that the Share Transfer Books will be closed from March 18, 2025, to March 24, 2025, to facilitate the AGM. The company's Annual Report will be available through the Pakistan Unified Corporate Action Reporting System (PUCARS) at least 21 days before the AGM.

Fauji Foods' unconsolidated statement of cash flows reveals a significant increase in profit before income tax, which rose to 1.43 billion Rupees in 2024 from 55.05 million Rupees in 2023. The company's operating profit before working capital changes reached approximately 2.47 billion Rupees, compared to 1.57 billion Rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the net cash generated from operating activities for the year amounted to 2.05 billion Rupees, a notable increase from the 161.07 million Rupees reported in 2023. However, cash used in investing activities was 213.96 million Rupees, reflecting a decrease from the 514.54 million Rupees used in 2023.

On the financing front, Fauji Foods reported a net cash outflow of 438.78 million Rupees, compared to an inflow of 2.21 billion Rupees in the previous year. The company's cash and cash equivalents at the end of the year stood at 1.30 billion Rupees.

The designated market category for Fauji Foods Limited, as per the financial disclosures, remains unchanged. The company continues to navigate its financial landscape without offering additional shareholder incentives for the year 2024.