Karachi: In a significant financial announcement, ZIL Limited’s Board of Directors convened on February 14, 2025, to disclose the company’s audited financial results for the fiscal year ending December 31, 2024. The meeting, held at 11:00 hours in Karachi, resulted in the approval of a final cash dividend, showcasing the company’s robust financial health and commitment to its shareholders.

On the date of the meeting, the Board declared a final cash dividend of Rs. 2.50 per share, equating to a 25% payout for the year 2024. This announcement reflects ZIL Limited’s strategic financial management and dedication to delivering value to its shareholders. It is noteworthy that the company did not propose any bonus or right shares, nor any other entitlements or corporate actions for this period.

According to the financial statements, ZIL Limited’s total assets amounted to 3.22 billion rupees, up from 3.15 billion rupees in 2023, indicating a steady growth trajectory. The company’s non-current assets increased to 1.50 billion rupees, driven by investments in property, plant, and equipment, which rose from 1.17 billion rupees in the previous year. Current assets also saw an uptick, reaching 1.23 billion rupees compared to 1.37 billion rupees the prior year.

The equity and liabilities segment revealed a total of 3.22 billion rupees. The issued, subscribed, and paid-up capital stood firm at 61.23 million rupees, while revenue reserves, including general reserves and accumulated profits, increased to 1.03 billion rupees from 958.87 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), ZIL Limited’s financial performance and asset management indicate a solid footing in the designated market category. The company’s non-current liabilities were recorded at 524.21 million rupees, with deferred tax liabilities and long-term loans constituting significant components.

Current liabilities were detailed at 1.32 billion rupees, with notable entries including trade and other payables, short-term borrowings, and taxation obligations. Despite these liabilities, the company’s financial strategies have evidently supported its ability to declare a substantial cash dividend.

Overall, ZIL Limited’s financial results for the year ended December 31, 2024, underline a period of prudent fiscal management and shareholder value enhancement, as evidenced by the approved cash dividend and stable asset growth.