Transmission of Financial Statements for the nine month Period Ended March 31, 2026

ATTOCK PETROLEUM LIMITED

For the Nine Month Period Ended March 31, 2026

CONTENTS

Corporate Information 02

Directors' Review 03

11

Condensed Interim Financial Statements

Statement of Financial Position 12

Statement of Profit or Loss 14

Statement of Profit or Loss and Other

Comprehensive Income 15

Statement of Changes in Equity 16

Statement of Cash Flows 17

Notes to the Financial Statements 18

ATTOCK PETROLEUM LIMITED 1

Mr. Laith G. Pharaon

Chairman

(Alternate Director - Mr. Rehmat Ullah Bardaie)

Mr. Wael G. Pharaon

(Alternate Director - Mr. M. Adil Khattak)

Mr. Shuaib A. Malik Mr. Abdus Sattar

Mr. Babar Bashir Nawaz

Lt Gen (Retd.) Javed Alam Khan Ms. Zehra Naqvi

Ms. Zehra Naqvi

Chairperson

Mr. Abdus Sattar

Mr. Babar Bashir Nawaz

Lt Gen (Retd.) Javed Alam Khan

Ms. Zehra Naqvi

Chairperson

Mr. Shuaib A. Malik

Mr. Babar Bashir Nawaz

Mr. Rehmat Ullah Bardaie

FCA, FCMA, FCCA (UK)

Bank Alfalah Limited Habib Bank Limited MCB Bank Limited Meezan Bank Limited United Bank Limited

CDC Share Registrar Services Limited

CDC House, 99-B, Block 'B' S.M.C.H.S, Main Shahra-e-Faisal, Karachi.

UAN: +92-21-111-111-500

Fax: +92-21-34326034

Email: info@cdcsrsl.com Website: https://www.cdcsrsl.com

Attock House, Morgah, Rawalpindi

Tel: +92-51-5127250-4

Email: contact@apl.com.pk Website: https://www.apl.com.pk

IN THE NAME OF ALLAH, THE MOST BENEVOLENT, THE MOST GRACIOUS

The Board of Directors of Attock Petroleum Limited is pleased to present the Company's performance review, along with the financial statements, for the nine-month period ended March 31, 2026.

Financial Performance

During the period under review, the Company recorded net sales revenue of Rs. 369,654 million, reflecting an increase of 7% compared to Rs. 346,736 million in the corresponding period last year, primarily driven by higher average selling prices of petroleum products; however, on a volumetric basis, overall sales declined by 4%, mainly due to reduced offtake of Furnace Fuel Oil amid an ongoing shift in the national energy mix, lower Bitumen volumes resulting from subdued demand in the construction sector, and intensified competition across key product segments. Despite these pressures, significantly higher average prices due to ongoing war in the Middle East led to much higher gross profit. In addition, easing inflation supported a more favorable operating environment, although lower benchmark interest rates resulted in reduced finance income; nevertheless, strong performance in core operations and inventory gains underpinned improved profitability for the period.

Accordingly, the Company reported a profit after tax of Rs. 14,764 million (March 2025: Rs. 7,699 million), reflecting an increase of 92% over the corresponding period last year. Earnings per share for the period stood at Rs. 118.67, compared to Rs. 61.88 in March 2025.

Operational Performance

During the period under review, while the domestic economy continued its gradual recovery, supported by moderating inflation, an improved current account position, and a relatively stable PKR/USD exchange rate; however, global oil markets remained significantly impacted by the recent geopolitical tensions in the Middle East, a key factor driving supply uncertainties and price increase. In addition, structural challenges persisted, including high energy and logistics costs, a subdued investment climate, and ongoing external financing pressures, which continued to weigh on industrial activity and overall demand.

Despite repeated representations, regulated OMC margins have remained frozen for the last two years and continue to lag behind rising operating and compliance costs; accordingly, margin adequacy therefore remains a key concern for the industry. While recent enforcement measures have led to some improvement, the sector continues to be affected by residual illicit fuel trade and gaps in market discipline, which distort competition and pressure legitimate volumes.

Amidst these challenges, the Company ensured uninterrupted product availability across its nationwide network, maintaining operational continuity at terminals, depots, and retail outlets with a continued focus on safe and efficient service. The ongoing execution of annual fuel supply arrangements for HSD, PMG, and Jet Petroleum with the Pakistan Army remained a key highlight, reinforcing the Company's role as a trusted strategic partner.

Expansion of Retail Network

APL maintained strong momentum in expanding its nationwide retail network during the period under review, commissioning thirty-three (33) new outlets and increasing the total retail network to 811 outlets as at March 31, 2026. Expansion remained focused on high-growth urban centers, emerging population hubs, and key motorway and highway corridors, enhancing market reach, brand visibility, and customer accessibility across the country.

In the northern region, the Company further strengthened its presence in the federal capital region through development of strategically located sites along key arterial routes, alongside progress within major housing developments and cantonment areas, while also pursuing opportunities in the provincial capital of Khyber Pakhtunkhwa and other key urban centers. In Punjab, expansion remained robust with new outlets commissioned at prominent locations in the provincial capital and continued additions across major cities.

In the southern region, the Company expanded its footprint in the provincial capital of Sindh through new COCO and dealer-operated outlets along key motorway corridors and within major residential and industrial zones, alongside ongoing developments across the province. Despite logistical challenges, selective expansion continued in Balochistan and the northern areas, while parallel growth in AJK/GB reflects the Company's continued focus on building a geographically diversified and resilient retail network.

Diversification of Revenue Streams

During the period under review, the Company continued to diversify its revenue base beyond traditional fuel sales, marked by the successful commissioning and commencement of operations of the LPG storage and filling facility in Rawalpindi, signifying APL's formal entry into the LPG segment. The facility, having obtained all requisite approvals from Oil & Gas Regulatory Authority (OGRA) and the Department of Explosives, is now operational to serve key urban and rural markets across Pakistan, including the northern regions, thereby establishing a resilient new income stream. Concurrently, the Company advanced its Non-Fuel Retail (NFR) segment through ongoing engagements with leading restaurant brands for full-scale outlets at selected COCO locations and the planned launch of APL's branded car care kit across the COCO network. Together with the continued expansion of EV charging infrastructure and other value-added offerings, these initiatives are aimed at diversifying earnings, enhancing customer experience, and supporting sustainable long-term growth.

Future Outlook

1. Infrastructure

   Development of bulk oil infrastructure continued during the period, with steady progress at key locations to enhance storage and logistics capabilities. At the Rawalpindi Bulk Oil Terminal, a 10,000 M. Ton PMG storage tank is at an advanced pre-award stage, while at Port Qasim Terminal, development of an additional 18,700 M. Ton PMG tank is underway to strengthen import handling and inland distribution capacity. In the north-western region, enabling works for a bulk oil terminal at Taru Jabba have been completed, forming part of a broader logistics strategy for Khyber Pakhtunkhwa.

   Looking ahead, the Company remains focused on further strengthening its supply chain, storage footprint, and retail network to support sustainable growth and service reliability. During the period, a key milestone was achieved with the successful commissioning and commencement of commercial operations of the LPG storage and filling facility in Rawalpindi, adding a new dimension to the Company's midstream and downstream capabilities.

2. Sustainability

In line with the Government's Clean & Green Pakistan vision and the Alternative and Renewable Energy Policy, APL continued to advance its sustainability agenda with a focus on clean energy, environmental stewardship, responsible operations, and human capital development. The Company is expanding its EV charging footprint and on-grid solar installations at selected retail outlets and terminals, while progressing DC fast-charging infrastructure in collaboration

with HUBCO Green and Huawei. Additional solar projects are underway to increase the share of renewable energy in operations and reduce the Company's carbon footprint, alongside continued engagement with NEECA on national EV charging and sustainable transport initiatives.

Aligned with the national digital transformation agenda, APL further strengthened its systems to meet evolving regulatory requirements, including OGRA's product tracking and FBR's e-invoicing framework, supported by phased implementation of ATG systems and expansion of digital payment solutions to enhance traceability, internal controls, and compliance. During the period, the Company maintained strong safety performance and achieved zero lost time injuries across its operations, supported by proactive risk assessment measures and continuous monitoring to ensure a safe and secure working environment. The Company also continued to invest in employee development through structured training and capacity-building initiatives across technical, operational, management, and compliance areas, reinforcing APL's commitment to safe, sustainable, and responsible operations.

Acknowledgement

The Board of Directors conveys its sincere appreciation to the Company's employees, customers, and strategic partners for their continued dedication, commitment, and valued contributions. The Board further acknowledges, with gratitude, the ongoing support of Government authorities, shareholders, and suppliers, whose collaboration has been instrumental in advancing the Company's strategic objectives and fostering sustainable growth.

On behalf of the Board

SHUAIB A. MALIK ABDUS SATTAR

CHIEF EXECUTIVE DIRECTOR

Rawalpindi.

April 29, 2026

2026• !29

ATTOCK PETROLEUM LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2026

The annexed notes 1 to 34 form an integral part of these condensed interim financial statements.

Rehmat Ullah Bardaie

Chief Financial Officer

Shuaib A. Malik

Chief Executive

Abdus Sattar

Director

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED)

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

Three month period ended Nine month period ended

Note Rupees ('000) Rupees ('000)

Sales

Sales tax and other government levies

NET SALES 17

Cost of products sold 18

GROSS PROFIT

Operating expenses 19

Net impairment (loss)/ reversal on financial assets

Other income - net 20

OPERATING PROFIT

Finance income 21

Finance cost 21

Net finance income

Share of profit / (loss) of associates accounted for under equity method

Other charges 22

PROFIT BEFORE INCOME TAX AND FINAL TAXES

Final taxes - levies 23

PROFIT BEFORE TAXATION

Provision for taxation 24

PROFIT FOR THE PERIOD

Earnings per share

- Basic and diluted (Rupees)

The annexed notes 1 to 34 form an integral part of these condensed interim financial statements.

Rehmat Ullah Bardaie

Chief Financial Officer

Shuaib A. Malik

Chief Executive

Abdus Sattar

Director

CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

Three month period ended Nine month period ended

Rupees ('000) Rupees ('000)

PROFIT FOR THE PERIOD

OTHER COMPREHENSIVE INCOME FOR THE PERIOD

Items that will not be subsequently reclassified to profit or loss:

Share of other comprehensive (loss)/ income of associates- net of tax

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

The annexed notes 1 to 34 form an integral part of these condensed interim financial statements.

Rehmat Ullah Bardaie

Chief Financial Officer

Shuaib A. Malik

Chief Executive

Abdus Sattar

Director

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

Rupees ('000)

Transactions with owners:

Final cash dividend @ 175% relating to year ended June 30, 2024

Interim cash dividend @ 125% relating to year ended June 30, 2025

Total transactions with owners - - (3,732,480) (3,732,480)

BALANCE AS AT MARCH 31, 2025 1,244,160 728,042 57,939,509 59,911,711

Total comprehensive income for the

three month period ended June 30, 2025

Profit for the period

Other comprehensive income

- - 2,717,159 2,717,159

Transferred to special reserves by associates - 21,550 (21,550) -

BALANCE AS AT JUNE 30, 2025 1,244,160 749,592 60,635,118 62,628,870

Total comprehensive income for the

nine month period ended March 31, 2026

Profit for the period

Other comprehensive (loss)

- - 14,763,333 14,763,333

Transferred from special reserves by associates - (1,238) 1,238 -Transactions with owners:

Final cash dividend @ 130% relating

to year ended June 30, 2025

Interim cash dividend @ 200% relating to year ending June 30, 2026

Total transactions with owners - - (4,105,728) (4,105,728)

BALANCE AS AT MARCH 31, 2026 1,244,160 748,354 71,293,961 73,286,475

The annexed notes 1 to 34 form an integral part of these condensed interim financial statements.

Rehmat Ullah Bardaie

Chief Financial Officer

Shuaib A. Malik

Chief Executive

Abdus Sattar

Director

CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

CASH FLOW FROM OPERATING ACTIVITIES

Cash receipts from customers

Payments for purchase of products and operating expenses Other charges received

Long term deposits received Taxes and levies paid Gratuity paid

Cash inflow from operating activities

CASH FLOW FROM INVESTING ACTIVITIES

Payment for acquisition of property, plant and equipment Proceeds from sale of operating fixed assets

Short term investments - net Interest and profit received Dividend income received

Cash (outflow)/inflow from investing activities

CASH FLOW FROM FINANCING ACTIVITIES

Nine month period ended March 31, March 31,

2026 2025

Note Rupees ('000)

346,679,721

(326,199,607)

123,940

38,726

(5,577,822)

(21,084)

15,043,874

(1,398,954)

4,474

4,368,825

2,195,846

31,325

5,201,516

(1,142,963)

(3,729,806)

Lease liabilities paid 5

Dividends paid

Cash outflow from financing activities

INCREASE IN CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD

Effect of exchange rate changes

CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 32

The annexed notes 1 to 34 form an integral part of these condensed interim financial statements.

(4,872,769)

15,372,621

6,735,230

361

22,108,212

Rehmat Ullah Bardaie

Chief Financial Officer

Shuaib A. Malik

Chief Executive

Abdus Sattar

Director

1. LEGAL STATUS AND OPERATIONS

   Attock Petroleum Limited (the Company) was incorporated in Pakistan as a public limited company on December 3, 1995 and it commenced its operations in 1998. The Company is listed on Pakistan Stock Exchange Limited. The registered office of the Company is situated at Attock House, Morgah, Rawalpindi, Pakistan. The Company is domiciled in Rawalpindi. The principal activity of the Company is procurement, storage and marketing of petroleum and related products. Pharaon Investment Group Limited Holding s.a.l and Attock Refinery Limited hold 34.38% (June 30, 2025: 34.38%) and 21.88% (June 30, 2025: 21.88%) shares respectively of the Company.

2. STATEMENT OF COMPLIANCE

   1. These condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:

      • International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and

      • Provisions of, directives and notifications issued under the Companies Act, 2017.

        Where provisions of ,directives and notifications issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of, directives and notifications issued under the Companies Act, 2017 have been followed.

   2. The Securities and Exchange Commission of Pakistan (SECP) through S.R.O 25 (I) / 2024 dated January 6, 2026 , in partial modification of its previous S.R.O. 1784 (I) / 2024 dated November 4, 2024, has notified that in respect of companies holding financial assets due or ultimately due from the Government of Pakistan (GoP) in respect of circular debt, the requirements contained in IFRS 9 (Financial Instruments) with respect to application of Expected Credit Loss (ECL) model shall not be applicable on such financial assets for the financial years ending on or before December 31, 2026, provided that such companies shall follow relevant requirements of IAS 39 'Financial Instruments: Recognition and Measurement' in respect of above referred financial assets during the exemption period.

      The Company has voluntarily not availed this exemption and has continued to apply the requirements contained in IFRS 9 with respect to application of Expected Credit Loss (ECL) model.

   3. These condensed interim financial statements are unaudited and are being submitted to the members as required under Section 237 of the Companies Act, 2017 and Rule Book of Pakistan Stock Exchange Limited.

   4. These condensed interim financial statements do not include all the information required for full financial statements and should be read in conjunction with the annual financial statements for the year ended June 30, 2025.

3. MATERIAL ACCOUNTING POLICY INFORMATION

The accounting policies adopted in the preparation of these condensed interim financial statements are the same as those applied in the preparation of audited financial statements for the year ended June 30, 2025.

The accounting policies, estimates, assumptions and significant judgements made in the application of accounting policies, key sources of estimates, the methods of computation adopted in the preparation of these condensed interim financial statements are substantially the same as those applied in the preparation of annual audited financial statements of the Company for the year ended June 30, 2025.

The Attock Oil Company Limited Attock Sahara Foundation

Attock Leisure Management Associates Workers' Profit Participation Fund

1. CONTINGENCIES AND COMMITMENTS

   1. CONTINGENCIES

      1. Corporate guarantees and indemnity bonds issued by the Company to the Collector of Customs.

      2. Guarantees issued by bank on behalf of the Company.

      3. Oil & Gas Regulatory Authority (OGRA) issued an order dated October 30, 2017, for recovery of freight charges and petroleum levy on supplies during the years 2009 to 2011 to special freight area (Azad Jammu & Kashmir and Jaglot) amounting to Rs 434,902 thousand (June 30, 2025: Rs 434,902 thousand). Being aggrieved, the Company filed an application for review of the order of OGRA which was dismissed by OGRA vide its order dated April 22, 2018. Afterward, the Company challenged this impugned order passed by the OGRA in the Honorable Islamabad High Court, Islamabad on June 6, 2018, for seeking direction against OGRA's order and also restraining the Authority concerned for recovering the impugned amount of freight and dealers margin, wherein, the interim stay has been granted in favour of the Company. At present, the case is pending adjudication before the Honorable Islamabad High Court, Islamabad. The case was fixed at various dates and was adjourned. The Company and its Legal Adviser are confident that we have a good case before the Honorable Islamabad High Court on merits and there are good chances of success in the same.

      4. On February 28, 2018, Deputy Commissioner, Large Tax payers Unit (LTU), Islamabad issued an order in respect of non-payment of sales tax on Price Differential Claims / subsidies for the period of July 2004 to September 2009 by the Company involving principal amount of Rs 319,970 thousand (June 30, 2025: Rs 319,970 thousand), penalty of Rs 319,970 thousand (June 30, 2025: Rs 319,970 thousand) and default surcharge of Rs 755,608 thousand (June 30,

         2025: Rs 755,608 thousand). The Company's appeal against the aforesaid order with Commissioner Inland Revenue (Appeals) was partially allowed reducing the principal amount to Rs 235,160 thousand alongwith default surcharge and penalty. The matter is now subjudice before the Appellate Tribunal, which is yet to be decided. Further the Company has obtained stay order from Islamabad High Court, Islamabad against recovery of sales tax demand. The management of the Company is confident that the matter will ultimately be decided in the Company's favour. Accordingly, no provision has been made in these condensed interim financial statements.

      5. Cabinet Division, the Government of Pakistan constituted an Inquiry Commission (the "Commission") under the Pakistan Commissions of Inquiry Act, 2017 vide Notification No.01/05/2020 Lit-III dated July 28, 2020, to probe into the shortage of Petroleum Products in the Country. The Commission in its report dated December 1, 2020, held the Petroleum Division, Oil and Gas Development Authority (the "OGRA") , and Oil Marketing Companies (the "OMCs"), responsible for the Petroleum Products shortage crisis in Pakistan in the month of June, 2020. The Commission in its report also observed that during the months of May and June 2020, it witnessed the apathy of certain OMCs, which imported oil but hoarded or slowed down the supply to their retail outlets till the government increased the prices on June 26, 2020. Besides recommending various actions in the report, the Commission also recommended that all such alleged gains be recovered from OMCs by the Federal Government as these profits rightfully belonged to the general consumers at large.

         Writ Petitions were also filed as Public Interest Litigation before the Lahore High Court, Lahore, wherein, the Honourable High Court in its order dated June 25, 2021 while disposing of these Petitions gave directions to the Federal Government for making necessary arrangements for the implementation of the recommendations proposed by the Commission and also form a committee for recovery of alleged gains from OMCs only after taking a point of view of all concerned and establishing on the facts after proper evaluation.

         Since the decision of the Honourable Lahore High Court, Lahore did not take into account the contentions of the respondent OMCs including our company, being aggrieved, the management of the Company has filed Intra Court Appeals (the "ICAs"), before the Divisional Bench of the Honourable Lahore High Court, Lahore. At present, these ICAs are pending adjudication before the Honourable Lahore High Court, Lahore. The management of the Company is confident that it will be able to defend its stance effectively.

      6. The Company's share of contingencies of associates based on financial information of associates for the period ended December 31, 2025 (June 30, 2025: March 31, 2025)

   2. COMMITMENTS

      March 31, June 30,

      2026 2025

      117,402

      Rupees ('000)

      75,419

      (i) Capital expenditure commitments	2,692,513	2,673,379
      (ii) Commitments for import of petroleum products against letter of
      credit facility	18,611,302	20,097,963
      (iii) The Company's share of commitments of associates based
      on financial information of associates for the period ended
      December 31, 2025 (June 30, 2025: March 31, 2025)
      - Capital expenditure commitments	39,621	28,672
      - Outstanding letters of credit	1,079,905	1,581,654

      March 31, June 30,

      2026 2025

      Rupees ('000)

      8.	PROPERTY, PLANT AND EQUIPMENT
      	Operating fixed assets
      	Owned assets - note 8.1 & 8.4	11,104,190	10,683,878
      	Right of Use assets (ROU) - note 8.2	9,862,170	10,396,303
      	Capital work in progress- note 8.3	2,481,094	2,873,870
      		23,447,454	23,954,051

      Nine month period ended Year ended

      March 31, June 30,

      2026 2025

      Rupees ('000)

      8.1 Owned assets
      Opening net book value	10,683,878	11,071,776
      Additions	1,577,201	1,076,029
      Disposals - net book value	(9,813)	(2,282)
      Depreciation charge	(1,147,076)	(1,461,645)
      Closing net book value	11,104,190	10,683,878
      8.2 Right of Use assets (ROU)
      Opening net book value	10,396,303	10,137,106
      Additions	539,196	1,434,657
      Depreciation charge Derecognition of ROU Remeasurement in lease liabilities	(1,138,596) (86,170) 151,437	(1,492,728) -317,268
      Closing net book value	9,862,170	10,396,303
      8.3 Capital work in progress
      Balance at the beginning of the period / year	2,873,870	2,018,054
      Additions	1,184,425	1,931,845
      Transfer to owned assets	(1,577,201)	(1,076,029)
      Balance at the end of the period / year	2,481,094	2,873,870

2. 4 Included in owned assets are assets having cost of Rs 630,588 thousand (June 30, 2025: Rs 624,731 thousand) and accumulated depreciation of Rs 488,305 thousand (June 30, 2025: Rs 462,273 thousand) in respect of Company's share in joint operation at New Islamabad International Airport (NIIAP) as disclosed in note 29 to these condensed interim financial statements.

3. LONG TERM INVESTMENTS IN ASSOCIATES

   1. The Company's interest in associates are as follows:

      Quoted

      March 31, 2026 June 30, 2025 Holding Amount Holding Amount

      % Rs ('000) % Rs ('000)

      National Refinery Limited (NRL) 1

      Attock Refinery Limited (ARL) 1.68

      Unquoted

      Attock Information Technology Services (Private)

      Limited (AITSL) 10

      Carrying value - equity method Less: Impairment loss - ARL

   2. Movement during the period / year in investment in associates is as follows:

      Balance at beginning of the period/year

      Share of profit / (loss) of associates Impairment reversal related to investment in

      • National Refinery Limited

      • Attock Refinery Limited

      Share of other comprehensive (loss) / income of associates

      Dividend from associates

      Balance at end of the period / year

      1 301,916

      314,125 1,498,933 94,396

      1,907,454 (150,042)

      1,757,412

      1.68 1,398,355

      10 83,380

      1,783,651

      (156,363)

      1,627,288

      Nine month period ended Year ended

      March 31, June 30,

      2026 2025

      Rupees ('000)

      1,627,288

      138,325 -6,321

      144,646 (1,097) (13,425)

      1,757,412

      1,180,622

      (107,566)

      163,963

      414,132

      470,529

      7,462

      (31,325)

      1,627,288

   3. The Company has assessed the recoverable amount of the investment in National Refinery Limited (NRL) based on higher of value-in-use (VIU) and fair value (level 1 in the fair value hierarchy - quoted market price as at March 31, 2026). VIU is based on a valuation analysis carried out by an external investment advisor engaged by the Company on annual basis which has been updated by the management at period end. As at March 31, 2026, the VIU of NRL exceeded the carrying amount of related investment, accordingly, no impairment loss has been recognised.

   4. The Company has assessed the recoverable amount of the investment in Attock Refinery Limited (ARL) based on higher of value-in-use (VIU) and fair value (level 1 in the fair value hierarchy - quoted market price as at March 31, 2026). VIU is based on a valuation analysis carried out by an external investment advisor engaged by the Company on annual basis which has been updated by the management at period end. As at March 31, 2026, an impairment loss has been reversed based on fair value.

4. LONG TERM INVESTMENTS - AT AMORTISED COST

   Pakistan Investment Bonds (PIBs)

   Less: Current portion shown under current assets - note 15

   March 31, June 30,

   2026 2025

   760,998 (760,998)

   -

   Rupees ('000)

   760,722

   -760,722

   1. Investment in Pakistan Investment Bonds carries weighted average effective interest rate of 16.78% (June 30, 2025: 16.78%) per annum having maturity period of 3 years and are due to mature in July 2026. The fair value of the PIBs as at period end is Rs 769,539 thousand (June 30, 2025: Rs 803,127 thousand).

5. LONG TERM ADVANCES, DEPOSITS AND OTHER RECEIVABLE

   Advances

   March 31, June 30,

   2026 2025

   901,400 14,226 494,446

   1,410,072 4,462

   1,414,534

   Rupees ('000)

   -

   Deposits

   With related party - The Attock Oil Company Limited Others

   Other receivable

6. STOCK IN TRADE

   14,226

   442,143

   456,369

   10,250

   466,619

   1. Stock in trade includes the Company's share of pipeline stock amounting to Rs 23,797,721 thousand (June 30, 2025: Rs 14,973,799 thousand) and Rs 4,835,333 thousand (June 30, 2025: Rs 5,355,534 thousand) held by Pak-Arab Pipeline Company Limited (PAPCO) and Pak-Arab Refinery Limited (PARCO) respectively.

   2. Stock in trade includes Rs 1,197,669 thousand (June 30, 2025: Rs 1,299,046 thousand) being Company's share in joint operation at NIIAP (as disclosed in note 29 to these condensed interim financial statements).

      March 31, June 30,

      2026 2025

      Rupees ('000)

7. TRADE DEBTS

Considered good

13.2 It includes Rs 1,005,218 thousand (June 30, 2025: Rs 537,962 thousand) being Company's share in joint operation at NIIAP (as disclosed in note 29 to these condensed interim financial statements).

1. OTHER FINANCIAL ASSETS

   Short term investments

   12,262,846 520,030

   12,782,876 22,567,674

   11,754,834 3,571

   11,758,405 760,998

   47,869,953

   At amortised cost

   March 31, June 30,

   2026 2025

   Rupees ('000)

   Treasury bills - note 15.1 Later than three month but not later than six months Later than six months but not later than one year			-11,370,524
   			11,370,524
   Pakistan Investment Bonds - note 15.2			22,088,998
   At fair value through profit or loss Mutual funds - note 15.3
   Conventional			4,600,683
   Shariah compliant			400,000
   Current portion of long term investments			5,000,683
   At amortised cost
   Pakistan Investment Bonds (PIBs)			-
   			38,460,205

   1. Short term investments in treasury bills earned interest at effective rate of 11.42% (June 30, 2025: 15.87%) per annum.

   2. Short term investments in Pakistan Investment Bonds earned interest at effective rate of 11.03% (June 30, 2025: 15.02%) per annum.

   3. Fair value has been determined using quoted repurchase prices, being net asset value of units as at period/year end.

      March 31, June 30,

      2026 2025

      Rupees ('000)

      16,614

      2,524,118 561,156 130,178

      3,215,452

      3,232,066

2. CASH AND BANK BALANCES

   Cash in hand

   Bank balances

   On saving accounts

   Conventional banks (includes US $ 25 thousand; June 30, 2025: US $ 24 thousand)

   Islamic banks

   On current accounts - conventional banks

   (includes US $ 153 thousand; June 30, 2025: US $ 153 thousand)

   15,494

   3,165,487

   53,952

   121,317

   3,340,756

   3,356,250

   1. Balances in saving accounts earned interest / mark-up at weighted average rate of 9.45% (June 30, 2025: 13.30%) per annum.

3. NET SALES

   This includes Rs 18,733,602 thousand (2025: Rs 17,842,160 thousand) being Company's share in joint operation at NIIAP relating to aviation (as disclosed in note 29 to these condensed interim financial statements).

4. COST OF PRODUCTS SOLD

   This includes Rs 17,154,082 thousand (2025: Rs 16,996,703 thousand) being Company's share in joint operation at NIIAP relating to aviation (as disclosed in note 29 to these condensed interim financial statements).

   Three month period ended Nine month period ended

   March 31,	March 31,		March 31,	March 31,
   2026	2025		2026	2025

   Rupees ('000) Rupees ('000)

   495,647	531,596	1,417,681	1,416,449
   203,117	148,999	667,422	435,106
   37,676	47,143	127,597	101,029
   63,506	59,595	186,699	195,635
   50,327	44,146	136,577	120,853
   35,791	145,282	155,009	260,595
   787,928	738,569	2,285,672	2,207,660
   346,608	327,173	1,232,809	1,193,083
   68,662	91,364	204,741	185,758
   148,957	95,396	321,509	260,512
   2,238,219	2,229,263	6,735,716	6,376,680

5. OPERATING EXPENSES

   Salaries, wages and other benefits Rent, taxes, repairs and maintenance Travelling and staff transport Electricity, gas and water

   Insurance Exchange loss Depreciation Contract services Security services

   Other operating expenses

   1. Operating expenses includes Rs 105,674 thousand (2025: Rs 63,477 thousand) being Company's share in joint operation at NIIAP relating to aviation (as disclosed in note 29 to these condensed interim financial statements)

      Three month period ended Nine month period ended

      March 31,	March 31,		March 31,	March 31,
      2026	2025		2026	2025

      Rupees ('000) Rupees ('000)

6. OTHER INCOME - NET

   190,988	123,360	604,051	514,878
   -	-	-	4,194
   189,880	219,662	646,726	493,233
   177,052	126,681	539,604	439,703
   -	-	111,492	-
   102,211	75,554	264,322	200,538
   660,131	545,257	2,166,195	1,652,546

   Remeasurement gain on open ended mutual funds measured at fair value through

   profit or loss

   Dividend income from mutual funds Commission and handling income - net Rental income

   Gain on derecognition of lease Others

   Three month period ended Nine month period ended

   March 31,	March 31,	March 31,	March 31,
   2026	2025	2026	2025

   Rupees ('000) Rupees ('000)

7. FINANCE INCOME AND FINANCE COST

   1,060,922	1,190,409			3,438,285	4,568,776
   288,865	383,655			769,169	936,844
   21,474	30,026			67,793	156,589
   1,371,261	1,604,090			4,275,247	5,662,209
   397,748		393,291		1,190,391		1,114,684
   62,460		75,002		249,503		249,840
   6,621		9,706		34,058		110,021
   466,829	477,999			1,473,952	1,474,545
   904,432	1,126,091			2,801,295	4,187,664

   Finance income

   Income on bank deposits and investments Finance charges on Line-Fill cost - note 21.1 Late payment charges

   Finance cost

   Unwinding of lease liabilities - note 5 Bank charges

   Late payment charges

   Net finance income

   1. This represents finance income, in respect of Line-Fill pipeline stock, recognised in accordance with the mechanism devised by OGRA.

8. OTHER CHARGES

   Workers' profit participation fund Workers' welfare fund

   Three month period ended Nine month period ended March 31, March 31, March 31, March 31,

   2026 2025 2026 2025

   731,733 272,607	238,627 88,900	1,295,697 482,711	643,811 239,851
   1,004,340	327,527	1,778,408	883,662

   Rupees ('000) Rupees ('000)

9. FINAL TAXES - LEVY

   This represents final taxes paid under section 5 of Income Tax Ordinance, 2001 (ITO), representing levy in terms of requirements of IAS 37 / IFRIC 21.

   Three month period ended Nine month period ended

   March 31,	March 31,	March 31,	March 31,
   2026	2025	2026	2025

   Rupees ('000) Rupees ('000)

10. PROVISION FOR TAXATION

    5,486,554 -(77,918)	1,892,081 -(155,125)	9,557,391 -(41,641)	5,026,269 557,825 (880,216)
    5,408,636	1,736,956	9,515,750	4,703,878

    Current tax

    • for the period

    • for the prior year - note 24.1 Deferred tax (credit)

    1. Based on the tax assessment for the year ended June 30, 2024, the Company recorded current tax expense and the corresponding deferred tax credit of Rs. 557,825 thousand in the prior period, which had no net impact on the total tax expense for that period.

11. FAIR VALUE MEASUREMENT

    The Company's financial risk management objectives and policies are consistent with that disclosed in the annual financial statements for the year ended June 30, 2025. There is no change in the nature and corresponding hierarchies of fair value levels of financial instruments from those as disclosed in the audited financial statements of the Company for the year ended June 30, 2025.

    The carrying values of financial assets and liabilities approximate their fair values. The table below analyzes financial assets that are measured at fair value, by valuation method.

    The different levels have been defined as follows:

    • Level 1 : Quoted prices in active markets for identical assets and liabilities;

    • Level 2 : Observable inputs; and

    • Level 3 : Unobservable inputs

    The Company held the following financial assets at fair value;

    March 31, 2026 June 30, 2025

    (Level 1) (Level 2) (Level 3) Total

    ---------------------------Rupees ('000)----------------------------

    11,758,405

    -

    - 11,758,405 5,000,683

    Short term investment - at fair

    value through profit or loss

    Three month period ended Nine month period ended

    March 31,	March 31,		March 31,	March 31,
    2026	2025		2026	2025

    Rupees ('000) Rupees ('000)

12. TRANSACTIONS WITH RELATED PARTIES

    Associated companies

    Purchase of petroleum products	73,495,050	60,903,173	191,056,721	191,867,078
    Sale of petroleum products	1,821,743	832,872	4,225,863	2,008,863
    Commission and handling income- net	158,986	219,662	589,619	493,233
    Late payment charges income
    - Attock Gen Limited	6,741	10,047	34,904	113,984
    Late payment charges expense
    - Attock Refinery Limited	6,621	9,708	34,058	110,205
    Purchase of goods	12,300	3,413	16,246	32,929
    Purchase of medical services	5,569	6,064	19,382	16,195
    Purchase of services	37,844	81,149	142,915	169,545
    Payment of lease rental	9,186	-	223,138	-
    Sale of services	81	335	1,417	4,877
    Reimbursment of expenses incurred by
    associates on behalf of APL	33,619	59,944	71,544	137,106
    Reimbursment of expenses incurred by
    APL on behalf of associates	17,545	26,540	44,333	42,651
    Dividend paid during the period to associates	1,629,169	1,018,231	2,688,129	2,443,754
    Dividend received during the period from
    associate	4,475	8,950	13,425	31,325

    Other related parties

    Remuneration of Chief Executive and Key management personnel including benefits
    & perquisites and Directors Honorarium	60,270	73,256	197,563	208,389
    Dividend paid to Key Management
    personnel & others	349,171	223,926	578,990	537,596
    Lease rentals paid to Chief Executive for
    retail outlet	39,672	37,967	117,191	105,363
    Contribution to staff retirement benefits plans
    - APL Employees provident fund	9,054	5,296	23,462	21,912
    - APL Gratuity fund	7,731	6,898	23,160	21,084
    Contribution to workers' profit
    participation fund	731,733	238,627	1,295,697	643,811

13. SEGMENT REPORTING

    1. As described in note 1 to these condensed interim financial statements the Company markets petroleum products. Revenue from external customers for products of the Company are as follows:

       Three month period ended Nine month period ended

       March 31,	March 31,		March 31,	March 31,
       2026	2025		2026	2025

       Rupees ('000) Rupees ('000)

       57,152,944	50,526,658	169,103,629	158,158,992
       52,136,793	44,021,572	149,387,606	135,207,318
       7,284,873	7,683,103	12,406,437	20,297,619
       7,159,221	7,508,016	19,848,851	19,169,929
       1,277,672	1,382,669	4,176,973	4,948,138
       6,072,033	5,862,392	19,243,760	14,723,000
       131,083,536	116,984,410	374,167,256	352,504,996

       Product

       Premier Motor Gasoline High Speed Diesel Furnace Fuel Oil

       Jet Petroleum Bitumen Others

    2. There is no single external customer of the Company whose revenue amounts to 10% or more of the Company's total revenue during the nine month period ended March 31, 2026 and March 31, 2025.

14. DISCLOSURE REQUIREMENT FOR COMPANIES NOT ENGAGED IN SHARIAH NON-PERMISSBILE BUSINESS ACTIVITIES

    March 31, June 30,

    Description Explanation Note 2026 2025

    Rupees ('000)

    CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

    1,757,412	1,325,372
    3,571	400,000
    561,156	53,952

    ASSETS

    Long term investments in associates Shariah 9

    Short term investments - mutual funds Shariah 15

    Bank balances Shariah 16

    369,653,678 34,058 144,646
    580,876 23,175
    604,051 4,927
    769,169
    3,109,823
    67,793
    (832)
    -
    646,726
    539,604
    111,492
    172,704 91,618
    264,322

    Nine month period ended

    Description	Explanation	Note	March 31, 2026	March 31, 2025
    Rupees ('000) CONDENSED INTERIM STATEMENT OF PROFIT
    OR LOSS Sales Shariah Late payments or liquidated damages- charges Non- shariah 21 Share of profit of associates accounted under equity method Shariah Remeasurement gain on open Non-shariah 20 ended mutual funds measured at fair value Shariah 20 through profit or loss Income from bank deposit Shariah 21 Finance charges on Line-Fill cost Non- shariah 21 Income from investments measured at amortised cost Non- shariah 21 Late payment charges - income Non- shariah 21 Exchange (loss)/ gain on actual currency Non- shariah 25 SOURCES AND DETAILED BREAKUP OF OTHER INCOME					346,735,880 110,021 447,151 490,550 24,328 514,878 14,727 936,844 3,959,429 156,589 361
    Dividend income from mutual funds	Non-shariah	20			4,194
    Commission and handling income - net	Shariah	20			493,233
    Rental income	Shariah	20			439,703
    Gain on derecognition of lease	Non-shariah	20			-
    Others	Shariah	20			138,090
    	Non-shariah	20			62,448
    					200,538

    Relationship with Shariah Compliant Financial Institutions

    Names of the Company's shariah compliant financial institutions Arrangement

    1. Bank Alfalah Limited (Islamic) Bank deposit

    2. Meezan Bank Limited Bank deposit

    3. Faysal Bank Limited Bank deposit

    4 BankIslami Pakistan Limited Bank deposit

    1. Al Meezan Investment Management Limited Investment

    2. Faysal Funds- Faysal Asset Managment Limited Investment

    3. Alfalah Investments Islamic Investment

15. INTEREST IN JOINT ARRANGEMENTS

    In March 2015, the Company entered into a joint arrangement with Pakistan State Oil (PSO) for establishment, operation and maintenance of a fuel farm and to operate and maintain the Hydrant Refueling System at the New Islamabad International Airport. Each party has a 50% share in the joint arrangement and it is an un-incorporated joint arrangement. The Company has classified this arrangement as a joint operation. The fuel farm and refueling system started its operations on May 02, 2018. The Company has recognised its share of jointly held assets, liabilities, revenues and expenses of the joint operation under the appropriate heads and disclosed the same in related notes to these condensed interim financial statements.

16. LETTER OF CREDIT & SHORT TERM RUNNING FINANCE FACILITIES

    1. The Company has entered into an arrangement with banks for obtaining Letter of Credit facility to import petroleum products and spare parts and materials upto a maximum of Rs 17,800 million (June 30, 2025: Rs 17,800 million). The facility is secured against first pari passu charge of Rs 19,780 million (June 30, 2025: Rs 19,780 million) on all present and future current and fixed assets of the Company (excluding land and building). The unavailed facility at March 31, 2026 was Rs 17,800 million (June 30, 2025: Rs 17,800 million).

       The Company has also entered into an arrangement with banks for obtaining Letter of Credit at sight/deferred facilities (against lien on documents) to import petroleum products and spare parts and materials upto maximum of Rs 90,800 million (June 30, 2025: Rs 85,800 million). The unavailed facility at March 31, 2026 was

       Rs 72,189 million (June 30, 2025: Rs 65,702 million). These facilites will expire on April 30, 2026, June

       30, 2026 and October 31, 2026.

    2. The Company has four running finance facilities aggregating to Rs 18,800 million (June 30, 2025: Rs 18,800 million). No amount has been utilized from aforementioned facilities as at March 31, 2026 (June 30, 2025: Rs Nil). These facilities carry mark-up at the rates ranging from three months kibor + 0.08% to one month Kibor

       + 0.25% and 0.30% (June 30, 2025: from three months Kibor + 0.08% to one month Kibor + 0.25% and 0.30%) per annum. Mark up on facilities is to be serviced on monthly and quarterly basis. The facilities are secured against first pari passu charge on all present and future current and fixed assets of the Company (excluding land and building) and lien on investments.

17. FINANCIAL RISK MANAGEMENT

    The Company's financial risk management objectives and policies are consistent with those disclosed in the financial statements for the year ended June 30, 2025.

18. CASH AND CASH EQUIVALENTS

    Short term highly liquid investments

    Pakistan Investment Bonds 15

    Cash and bank balances 16

19. GENERAL

    March 31, March 31,

    2026 2025

    Rupees ('000)

    22,567,674 3,232,066

    25,799,740

    18,921,693

    3,186,519

    22,108,212

    1. Corresponding figures have been reclassified wherever necessary to reflect more appropriate presentation of events and transactions for the purpose of better presentation in accordance with the accounting and reporting standards as applicable in Pakistan.

    2. Figures have been rounded off to the nearest thousand of Pakistan Rupees unless otherwise specified.

20. DATE OF AUTHORISATION FOR ISSUE

These condensed interim financial statements were authorised for issue by the Board of Directors of the Company on April 29, 2026.

Rehmat Ullah Bardaie

Chief Financial Officer

Shuaib A. Malik

Chief Executive

Abdus Sattar

Director

Attock House, Morgah, Rawalpindi - Pakistan

Tel: +92 51 512 7250-54 | Fax: +92 51 512 7255

Email: contact@apl.com.pk https://www.apl.com.pk