Karachi: Haleon Pakistan Limited has revealed its additional financial results for the year ending on December 31, 2024, showcasing a substantial increase in total assets and net cash from operating activities. According to the company's statement dated February 7, 2025, these results were approved by the Board of Directors during their meeting on February 6, 2025.

The total assets of Haleon Pakistan Limited surged to 21.80 billion Rupees in 2024, a significant rise from 18.24 billion Rupees in 2023. This increase is primarily attributed to the growth in non-current assets, which include property, plant, and equipment, rising from 5.40 billion Rupees in 2023 to 7.83 billion Rupees in 2024. Additionally, the current assets saw an increase from 12.65 billion Rupees in 2023 to 13.79 billion Rupees in 2024.

The company's equity also witnessed a marked improvement. Total equity climbed to 11.99 billion Rupees in 2024 from 8.02 billion Rupees in the previous year. This growth was driven by an increase in revenue reserves, which jumped from 6.02 billion Rupees in 2023 to 9.99 billion Rupees in 2024, while the share capital and capital reserves remained unchanged at 1.17 billion Rupees and 0.83 billion Rupees respectively.

Haleon Pakistan Limited also reported a substantial increase in cash generated from operations, which reached 8.52 billion Rupees in 2024, compared to 3.20 billion Rupees in 2023. After accounting for various expenses, net cash from operating activities was 6.64 billion Rupees in 2024, up from 2.08 billion Rupees in 2023. According to information available from the Pakistan Stock Exchange (PSX), this increase reflects improved operational efficiency and cash management.

Despite the positive operational cash flow, the company reported net cash used in investing activities at 2.01 billion Rupees in 2024, reflecting an increase from 1.19 billion Rupees in 2023, primarily due to higher fixed capital expenditures. Financing activities also saw increased cash outflows, totaling 2.13 billion Rupees, a stark increase from 38.63 million Rupees in 2023.

As a result of these financial activities, Haleon Pakistan Limited reported a net increase in cash and cash equivalents of 2.50 billion Rupees by the end of 2024, bringing the total cash and cash equivalents to 6.78 billion Rupees as of December 31, 2024, up from 4.28 billion Rupees at the end of 2023. These results indicate a robust financial position and an optimistic outlook for the company moving forward.