Heritage Foods Limited | 31st Annual Report 2022-23

Resting on our digital capabilities, we aim to provide 24/7 service to consumers through our digital platforms. Additionally, we recently launched the Heritage VET+ app, which has helped numerous farmers to avail knowledge about animal care, feeding activities and disease awareness. We have strengthened our balance sheet by turning debt-free and having a healthy cash balance, which is consistent with our fi nancially responsible strategy. In the face of unexpected macroeconomic challenges, our tactics have shown to be successful. We are confi dently focusing on diversifying our product off ering as we move forward. We registered a net revenue of H32,087 million compared to H26,429 million in the previous fi nancial year. Our EBITDA and PAT stood at H1,449 million and H659 million. With a strategic roadmap for success, Heritage Food remains poised for long-term growth. Our emphasis on innovation, quality, and sustainability continue to be our guiding light. Besides, our dedicated and talented workforce continue to strengthen the foundation of the organisation and empower it to accomplish diff icult milestones. I would like to express my gratitude to our shareholders, farmers, distributors, customers, and our employees for their relentless support and belief in our company. We are excited to meet your expectations with prudent performances in the years ahead. N. Brahmani Executive Director N. Brahmani Executive Director 09 Executive Director ’s message | Corporate Overview

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