Lahore: The Board of Directors of Pak Elektron Limited convened on March 25, 2025, to disclose the financial results for the year ended December 31, 2024. The meeting, held at the company's headquarters in Lahore, resulted in the decision not to declare any cash dividends, bonus shares, or right shares for the fiscal year. The company also reported no other price-sensitive information.

The financial statements, which include the Statement of Profit or Loss, Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows, were shared with stakeholders. According to the documents, the company generated cash from operations amounting to 5,190.80 million rupees, a decrease from the previous year's 13,407.77 million rupees. After accounting for various payments, the net cash generated from operating activities stood at 245.51 million rupees, a significant decline compared to the 8,986.55 million rupees recorded in the previous year.

In terms of investing activities, Pak Elektron Limited reported net cash used amounting to 1,768.47 million rupees, compared to the 2,049.07 million rupees used in 2023. The company incurred expenses on the purchase of property, plant, and equipment totaling 1,834.93 million rupees.

The financing activities of the company provided a net cash inflow of 1,830.76 million rupees, a reversal from the net cash used of 18,949.44 million rupees in the prior year. This change is attributed to the obtaining of long-term borrowings totaling 4,000 million rupees and the repayment of 2,083.38 million rupees in long-term borrowings.

The net increase in cash and cash equivalents for the year was 307.80 million rupees. The company's cash and cash equivalents at the end of the year reached 1,093.70 million rupees, compared to 784.12 million rupees at the start of the year.

According to information available from the Pakistan Stock Exchange (PSX), the Annual General Meeting of Pak Elektron Limited is scheduled for April 29, 2025, at their Factory Premises in Lahore. The share transfer books of the company will remain closed from April 22 to April 29, 2025. Shareholders are required to ensure physical transfers or CDS Transactions IDs are submitted to the Company Registrar Office by April 21, 2025, for meeting eligibility and entitlement purposes.

The company's designated market category remains undisclosed in the provided information. The Annual Report will be transmitted through PUCARS at least 21 days before the Annual General Meeting.