Systems Balance Sheet

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	13,505	7,821	7,983	5,814	2,979
Short-Term Investments	5,442	177.38	717.31	177	667
Trading Asset Securities	-	2,764	877.42	4,254	4,200
Cash & Short-Term Investments	18,946	10,762	9,578	10,245	7,846
Cash Growth	76.04%	12.37%	-6.52%	30.59%	39.35%
Accounts Receivable	31,556	27,024	20,667	11,087	4,854
Other Receivables	1,149	861.39	395.88	539.56	224.94
Receivables	34,921	28,359	21,483	11,992	5,369
Inventory	-	290.34	1,067	793.61	381.03
Prepaid Expenses	-	877.21	596.29	524.02	158.26
Other Current Assets	2,388	1,071	791.12	719.89	230.92
Total Current Assets	56,255	41,360	33,515	24,275	13,985
Property, Plant & Equipment	5,372	4,074	4,393	3,523	2,341
Long-Term Investments	246.74	162.19	282.46	1,106	1,419
Goodwill	-	5,302	5,353	4,368	-
Other Intangible Assets	11,992	4,579	5,159	3,596	23.72
Long-Term Deferred Tax Assets	-	-	-	12.16	75.06
Other Long-Term Assets	1,057	1,360	1,436	1,148	151.64
Total Assets	75,489	57,451	50,666	38,326	18,031
Accounts Payable	10,709	2,318	1,321	2,610	646.92
Accrued Expenses	-	5,368	5,503	1,869	1,018
Short-Term Debt	5,956	2,675	2,119	3,110	2,750
Current Portion of Long-Term Debt	-	-	-	-	76.82
Current Portion of Leases	231.65	174.36	190.06	113	62.2
Current Income Taxes Payable	598.99	307.96	-	-	-
Current Unearned Revenue	2,700	3,881	4,646	3,029	948.96
Other Current Liabilities	796.05	1,693	1,589	2,672	50.79
Total Current Liabilities	20,992	16,417	15,369	13,403	5,554
Long-Term Leases	1,076	344.48	551.24	491.7	238.88
Long-Term Unearned Revenue	2,854	14.75	4.28	6.77	81.11
Pension & Post-Retirement Benefits	1,557	675.54	474.23	455.98	94.87
Long-Term Deferred Tax Liabilities	1.57	83.62	117.78	-	-
Other Long-Term Liabilities	428.31	1,185	1,818	1,040	-
Total Liabilities	26,910	18,720	18,335	15,397	5,969
Common Stock	2,947	2,930	2,914	2,904	1,385
Additional Paid-In Capital	-	5,434	4,904	4,671	820.26
Retained Earnings	36,274	27,130	21,339	14,105	9,528
Comprehensive Income & Other	9,356	3,235	3,172	1,246	328.05
Total Common Equity	48,577	38,728	32,329	22,926	12,062
Minority Interest	1.7	2.19	2.45	2.1	1.17
Shareholders' Equity	48,579	38,731	32,332	22,928	12,063
Total Liabilities & Equity	75,489	57,451	50,666	38,326	18,031
Total Debt	7,264	3,194	2,860	3,715	3,128
Net Cash (Debt)	11,682	7,568	6,717	6,531	4,718
Net Cash Growth	54.35%	12.67%	2.86%	38.43%	25.64%
Net Cash Per Share	7.87	5.15	4.59	4.62	3.40
Filing Date Shares Outstanding	1,472	1,465	1,457	1,452	1,381
Total Common Shares Outstanding	1,472	1,465	1,457	1,452	1,381
Working Capital	35,263	24,943	18,147	10,872	8,431
Book Value Per Share	33.00	26.44	22.19	15.79	8.74
Tangible Book Value	36,585	28,847	21,818	14,963	12,038
Tangible Book Value Per Share	24.85	19.69	14.97	10.30	8.72
Land	-	592.23	592.23	592.23	394.04
Buildings	-	735.54	735.54	575.42	576.14
Machinery	-	5,045	4,221	2,673	1,964
Construction In Progress	-	1.51	-	243.44	22.81
Leasehold Improvements	-	302.96	300.34	248.69	77.37

Source: S&P Global Market Intelligence. Standard template. Financial Sources.