Balochistan Glass Ltd.PSX: BGL

Financial Results for the 2nd Quarter / Six-Month Period Ended December 31, 2025

· Issued by Balochistan Glass Ltd.

!

Baluchistan GlassLimited

Ref.:BGL/Shares/2.5 February 17, 2026

  1. The General Manager 2. The Head ofDepartment 3. The Executive Director / HOD Pakistan Stock Exchange Ltd. Listed Companies Supervision Wing, Securities Market Division, Stock Exchange Road, Supervision Division, SECP SECP,

    Karachi. Islamabad. Islamabad.

    Subject: FINANCIAL RESULTS FOR THE 2ND QUARTER / SIX-MONTH PERIODENDED DECEMBER 31, 2025

    Dear Sir,

    We would like to inform you that the Board of Directors of the Company in their Meeting held at 12:00 Noon at the Head Office of the Company at 128-J Block, Model Town, Lahore on Tuesday the February 17, 2026, recommended the following:

    1. CASH DIVIDEND: NIL

    2. BONUS ISSUE: NIL

    3. RIGHT SHARES: NIL

    4. ANY OTHER ENTITLEMENT / CORPORATE ACTION: NIL

    5. ANY OTHER PRICE SENSITIVE INFORMATION: NIL

The financial statements of the Company are attached as Annexure - 1 to 5.

The 2'd quarterly / six-monthly financial statements (2'dQuarterly Report) of the Company for the period ended December 31, 2025 will be transmitted through PUCARS and available on Company's website within 60 days of close of 2'dquarter.

You may please inform the TRE certificate holders of the Exchange accordingly. Thanking you.

Yours sincerely,

Tai AG)ass Indus ri Limited

Company Secretary

Factory Unit-I / Registered Office: Plot 8 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.

Email:info@ baIochistangIass.com, Website: https://www.balochistangIass.com UAN: 111-444-544

Pakistan.

Factory Unit-II:



29-Km, Lahore Sheikhupura Road, Sheikhupura.

Factory Unit-III:

12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430

Lahore Office:

128 3/ , Block J, Model Town,

Lahore - Pakistan

Ph: 042-35836866 - 35837311



°BaluchistanGlassLimited

ANNEX-1

BALUCHISTAN GLASS LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED)

AS AT DECEMBER 31, 2025

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorized share capital

Un-audited

Audited

December 31,

2025

June 30,

2025

(Rupees in thousands)

000 00 TOO 00

Issued, subscribed and paid-up share capital Discount on shares

5 4 oo

6 385 12

(514 800)

5,870,321

5,870,321

Capital reserve:

Surplus on revaluation of property (land and building) - net of tax

1,244,537

1,253,119

Revenue reserve:

Accumulated losses

(7,539,127)

(424,269)

(7,309,808)

(186,368)

Loan from director

1,234,846

1,234,846

810,577

1,048,478

NON-CURRENT LIABILITIES

Long term loan from related parties

Deferred liabilities



CURRENT LIABILITIES

Trade and other payables Short term borrowings Mark up accrued Unclaimed dividend

593,283





904,017

916,945

1,368,895

1,210, 144

100,909

82,102

164

164

2,373,985

647,256

516,166

566,633

77,117

80,623

2,209,355

CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES

ASSETS

NON-CURRENT ASSETS

Property, plant and equipment

CURRENT ASSETS

Stores, spare parts and loose tools Stock in trade

Trade debts

Loans and advances

Trade deposits, prepayments and other receivable Advance income tax - net of provision for taxation Cash and bank balances

TOTAL ASSETS

3,777,845 3,905,089

3,233,351 3,337,021

59,634

62,25S

197,334

216,174

17,332

2,239

1,170

5,067

219,270

222,781

31,125

31,460

18,629

28,092

544,494 568,068

77 4 3,905,089

Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.

Pakistan.

Factory Unit-II:

29-Km, Lahore Sheikhupura Road, Sheikhupura.

Factory Unit-III:

12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430

Lahore Office:

128 t/ , Block J, Model Town,

Lahore - Pakistan

Ph: 042-35836866 - 35837311

Email:info@ baIochistangIass.com, Website: https://www.balochistanglass.com UAN: 111-444-544



Baluchistan Glass Limited

BALUCHISTAN GLASS LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE SIX-MONTH PERIOD ENDED DECEMBER 31, 2025

Annex-2

Six-month period ended

December 31

2025

December 31

2024

(Rupees in thousands)

Three-month period ended

December 31

2025

December 31

2024

(Rupees in thousands)

Sales - net

16,561

625,870

2,582

216,824

Cost of sales

(157,774)

(931,642)

(73,310)

(393,112)

Gross loss

(141,213)

(305,772)

(70,728)

(176,288)

Administrative and selling expenses

(9,017)

(36,991)

(4,606)

(8,S54)

Other income

16,195

40,127

16,195

39,829

Operating loss

(134,035)

(302,636)

(59,139)

(145,013)

Finance cost

(105,369)

(151,694)

(53,761)

(80,542)

Loss before levies and income tax

(239,404)

(454,330)

(112,900)

(225,555)

Levies

- current period

(409)

(7,823)

(234)

(2,710)

- prior year

(1,594)

(2,003)

(7,823)

(234)

(2,710)

Loss before income tax

(241,407)

(462,153)

(113,134)

(228,265)

Income tax

- Deferred

3,506

3,865

1,753

1,933

Loss for the period

(237,901)

(458,288)

(111,381)

(226,332)

Loss per share - basic and diluted

(Rs.)

(0.37)



018

(0.87)

Email:info@ baIochistangIass.com, Website: https://www.baIochistangIass.com UAN: 111-444-544



Factory Unit-I I Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.

Pakistan.

Factory Unit-II:

29-Km, Lahore Sheikhupura Road, Sheikhupura.

Factory Unit-III:

12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430

Lahore Office:

128 y , Block J, Model Town, Lahore - Pakistan

Ph: 042-35836866 - 35837311



'BaluchistanGlass Limited

BALUCHISTAN GLASS LIMITED

CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE SIX-MONTH PERIOD ENDED DECEMBER 31, 2025

Annex-3

Six-month period ended

Three-month period ended

December 31

2025

December 31

2024

December 31 December 31



2025 2024

(Rupees in thousands)

(Rupees in thousands)

Loss for the period

(237,901)

(458,288)



(226,332)

Other comprehensive income

Total comprehensive loss for the period

(237,901)

(458,288)

(111,381)

(226,332)



Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.

Pakistan.

Factory Unit-II:

29-Km, Lahore Sheikhupura Road, Sheikhupura.

Factory Unit-III:

12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430

Lahore Office:

128 3/ , Block J, Model Town,

Lahore - Pakistan

Ph: 042-35836866 - 35837311

Email:info@ baIochistangIass.com, Website: https://www.balochistangIass.com UAN: 111-444-544



*Baluchistan GlassLimited

BALUCHISTAN GLASS LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE SIX-MONTH PERIOD ENDED DECEMBER 31, 2025

Annex-4

Issued, subscribed and paid-up share capital

Discount on shares

Capital reserve

Revenue reserve

Total equity

Surplus on

revaluation of property (land

and building) -

Accumulated losses

net of tax

(Rupees in thousands)

Balance as on June 30, 2024 (Audited)

2,616,000

(514,800)

1,272,041

(6,615,271)

(3,242,030)

Incremental depreciation associated with surplus on revaluation of property - net of tax

(9,461)

9,461

Total comprehensive loss for the period

Loss for the period

(458,288)

(458,288)

Other comprehensive income

(458,288)

(458,288)

Balance as on December 31, 2024 (Un-audited)

2,616,000

(514,800)

1,262,580

(7,064,098)

(3,700,318)

Balance as on June 30, 2025 (Audited)

6,385,121

(514,800)

1,253,119

(7,309,808)

(186,368)

Incremental depreciation associated with surplus on revaluation of property - net of tax

(8,582)

8,582

Total comprehensive loss for the period

I oss for the period

{237,901)

(237,901)

Other comprehensive income

- (237,901) (237,901)

Balance as on December 31, 2025 (Un-audited)

6,385,121

(514,800)

1,244,537 (7,539,127) (424,269)

Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.

Email:info@ baIochistangIass.com, Website: https://www.baIochistangIass.com UAN: 111-444-544

Pakistan.

Factory Unit-II:



29-Km, Lahore Sheikhupura

Road, Sheikhupura.

Factory Unit-III:

12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430

Lahore Office:

128 , Block J, Model Town,

Lahore - Pakistan

Ph: 042-35836866 - 35837311



°BaluchistanGlassLimited

BALUCHISTAN GLASS LIMITED

CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE SIX-MONTH PERIOD ENDED DECEMBER 31, 2025

Annex-5

Six-month period ended

December 31,

2025

December 31,

2024

CASH FLOW FROM OPERATING ACTIVITIES

(Rupees in thousands)

I

Loss before levies and income tax

(239,404)

(454,330)

Adjustments for non-cash charges and other items: Depreciation for the period

103,670

121,497

Gain on disposal of operating fixed assets

(16,740)

Finance cost

105,369

151,694

Adjusted loss before working capital changes

(30,365)

(197,879)

Working capital changes

Decrease / (increase) in current assets

Stores, spare parts and loose tools

2,621

10,810

Stock in trade

18,840

(66,811)

Trade debts

(15,093)

76,968

Loans and advances

3,897

(3,946)

Trade deposits, prepayments and other receivables (Decrease) in current liabilities

3,511

(9,781)

Trade and other payables

(7,178)

(282,932)

6,598

(275,692)

Cash used in operations

(23,767)

(473,571)

Payments for:

Finance cost

(86,540)

(90,947)

Income taxes

(7,440)

(23,626)

Net cash outflow from operating activities

(117,747)

(588,144)

CASH FLOW FROM INVESTING ACTIVITIES

Purchase of operating fixed assets

Net cash outflow from Investing activities

(20,921)

(1,136)

CASH FLOW FROM FINANCING ACTIVITES

Loan from director

Loan received from holding company Short term borrowings - net

Net cash inflow from financing activities

Net decrease in cash and cash equivalents

Cash and cash equivalents at beginning of the period

Cash and cash equivalents at end of the period

Factory Unit-I / Registered Office: Plot # 8, Sector M, H.I.T.E Hub, District Lasbela, Balochistan.

Pakistan.

Factory Unit-II:

29-Km, Lahore Sheikhupura Road, Sheikhupura.

Factory Unit-III:

12-Km, Lahore Sheikhupura Road, Kot Abdul Malik Lahore. Ph: 042-37164425, 37164430

Lahore Office:

128 3/ , Block J, Model Town,

Lahore - Pakistan

Ph: 042-35836866 - 35837311

Email:infoQ baIochistangIass.com, Website: https://www.baIochistanglass.com UAN: 111-444-544



104,500

66,200

16,000

(62,416)

449,351

Sale proceeds from disposal of operating fixed assets

19,785



108,284

465,351

(9,463)

(123,929)

28,092

215,322

18,629

91,393

Company analysis

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