By PUCARS and Courier
The Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Attention: The General Manager
Dear Sirs,
Re: FINANCIAL RESULTS FOR THE HALF YEAR ENDED 31ST DECEMBER 2025
24** February 2026
We are pleased to inform you that the Board of Directors of the Company at its meeting held on Tuesday, 2ñ*h February 2026 nt 1 2:00 nnnn, at the cnrpnrate nffice of the Company, 10thFloor, The Harbour Front, Dolmen City, HC-3, Block 4, Marine Drive, Clifton, Karachi, has approved the unaudited Financial Statements of the Company for the half year ended December 31st, 2025.
The standalone and consolidated financial statements of the of the Company are enclosed as under:
Standalone Financial Statements (Annexure-A) that include Statement of Financial Position, Statement of Profit or Loss, Statement of Other Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows; and
Consolidated Financial Statements (Annexure-B) that include Consolidated Statement of Financial Position, Consolidated Statement of Profit or Loss, Consolidated Statement of Other Comprehensive Income, Consolidated Statement of Changes in Equity and Consolidated Statement of Cash Flows.
The half yearly report of the Company for the half year ended 31s*December 2025 will be transmitted through PUC S separately within the specified time.
Yours faith
Chief Finan
fficer
Enclosed as above.
Copy: The Securities & Exchange Commission of Pakistan, Islamabad.
CNERGY CO PK LIMITED
UNCOFJSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025
ASSETS
(Un-audited) (Audited)
December 31, June 30,
2D25 2025
Note ---- {Rupees in '000) ------
286,728,435 | 287,916,583 |
13,u99 | 17,093 |
18,169,968 | 18,169,968 |
J57,46g | 15g,1'/6 |
2,683,270 | 2,277,077 |
52,306,465 | 37,061,230 |
30,206,734 | 25,026,588 |
1,169,816 | 1,308,280 |
25,B03 | ?g,2, ? |
1,683,701 | 1,711,980 |
4,242,828 | 2,619,805 |
J4,934,476 | 54,934,476 |
(28,020,644) | (32,110,532) |
152,539,861 | 153,662,S93 |
25,756,331 | 25,756,331 |
12,025,000 | 12,880,000 |
2,281,670 | 2,151,062 |
230,353 | 230,353 |
761,850 | 662,001 |
59,425,633 | 59,864.214 |
Non-current assets | |||||
Property, plant and equipment Intangible assets | 5 | ||||
Investment in subsidiaries - at cost Long-term deposits | 6 | ||||
305,069,479 | 306,262,822 | ||||
Current assets | |||||
Sluies aiid spares | |||||
Stock-in-trade | 7 | ||||
Trade debts Loans and advances Tra6e deposits and short-term prepayments Other receivables | 8 9 | ||||
Cash and bank balances | |||||
92,298,717 | 70,044,193 | ||||
Total assets | 397,368,187 | 376,30/,015 | |||
EQUITY AND LIABILITIES | |||||
Share capital and reserves | |||||
Share capital Reserves | |||||
Surplus on revaluation of operating fixed assets - net of tax | |||||
Conlribution from shareholders | |||||
205,210,024 | 202,242,868 | ||||
Non-current liabilities | |||||
Long-term financing 1.on9-term lease llabilities Deferred liability Deferred tax liability | |||||
74,724,506 | 75,807.630 | ||||
Current liabilities | |||||
Trade and other payables Contract liabilities | |||||
Accrued mark-up Short term borrowings - secured | 10 | ||||
Current portion of non-current liabilities | |||||
Unclaimed dividend Taxation - net | |||||
117,433,657 | 98,256,517 | ||||
Total equity and liabilities | 397,368,187 | 376,30/,015 | |||
t | Contingencies and commitments | 12 | |||
Long-term deposits
98,42B,650 | 82,168,179 |
1,584,556 | 1,221,250 |
1,140,531 | 1,661,730 |
12,743,847 | 10,855,175 |
2,288,683 | 1,894,5^1 |
1,Od6 | 1,006 |
1,246,364 | 454,S86 |
' The annexed notes 1 to 19 form an integral part of these unconsolidated condensed interim financial statements.
‹ Director Chief Executive Officer Chief Financial Officer
CNERGY(CO PK LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2025
Six months period ended Three months period ended December 31, December 31. December 31, " December 31,
2025 2024 2025 2024
Note ----------- ----------------- (Rupees in '000) --------
Revenue from contract with cUstomers | 1 8,846,846 | 185,888,420 | 107,200,792 | 112,282,426 | ||||
Sales tax, discounts and othsr duties | {42,S65,605) | (42,397,688) | {22,532,528) | (25,895,715) | ||||
Revenue from contract with customers- net | 16 | 146,2g1,241 | 143,490.732 | 84,668,264 | 86,386,711 |
Cost of sales Gross profit
(138,940,461) (137,838,419) (78,Z59,O72) (81,063,627) 7,340,780 5,652,313 6,409,192 5,323,OB4
Administrative expenses
•+eIIing and distribution expanses Other expenses
Other income
Operating profit
(1,224,751) (1,245,223)
6,116,029 4,40 ,090
(650,015)
5,759,1T7
(588,341)
(972,477) | (880,642) | (508,227) | (459,124) |
(ñh1,106) | (?*1,004) | (18fi,fi1'3) | (1fig,414) |
(257,286) | (128,643) | ||
99,832 | 214,699 | 43,725 | 167,840 |
4,734,743
Finance costs
Profit before taxation
(1,690,252) (2,452,992)
4,425,777 1,954,098
(854,13D) (1,244,572)
4,905,047 3,490,171
Minimum texes
Income tax
Profit after taxation
(810,995)
(647,626)
2,967,156
(759,941)
458,581
1,652,738
(464,148)
(g84,273)
3,556,626
(468,461)
229,291
3,251,001
Earnings per share-- (Rupees) - --- -
- Basic / diluted
0.30
0.65
0.59
The annexed riotes 1 to 19 form an integral part of these unconsolidated condensed interim financial statements.
Director Chief Executive Officer Chief Financial Officer
CNERGYICQ PK LIMI i ED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE *X MCNTHS PERIOD ENDED DECEMBER 31, 2025
Six months period ended Three months period ended December 31, December 31, Secerriber 31, December *1,
2025 2024 2025 2024
---- (Rupees in '000) ---- --
Profit aft f tMation
Total comp‹=hensive income for the period
2,967,156
2,967,156
1,652,736
1.652,738
3,556,626
8,556,626
3.251,001
3,251,0g1
The annexed notes 1 to 19 form an integral part of these unconsolidated condensed interim financial statements.
Chief Executive Officer Chief Financia) Officer
CNERGYICO PK LIMITED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE SIX MONTHS PERIOD ENOEO DECEMBER 31, 2025
Capital Fteserve
Revenue
Issued, | Surplus on | ||
subscribed | Merger | Other Capital | revaluation of |
and paid up | Reserves | Reserve | operating fixed |
capital | assets |
Reserve
Accumulated
balance as at July 4, 2024 | 54,934,47C | (21,959,G29) | 3,214,205 | 155,903,719 | (12.728,828) | 179,363,947 | 2o,7 6,331 | 205.120,278 | |
Profit after taxation | 1,652,738 | 1,652,738 | - | 1.652,738 | |||||
Other comprehensive income - net of tax | |||||||||
Total comprehensive income for the period | - | 1,6o^2,738 | 1,G52,738 | - | 1,652,738 | ||||
IncreiJ ental dapreciation relating to surplus on revaluation of operating fixed assets - net of tax | (1,122,732) | 1,122,732 | - | - | - | ||||
Balance as at December 31, 2024 | 54,034,47C | (21,959,629) | 3,214,209 | 1o4,780,987 | (9,9o3,358) | 181,016,6go | 2o,756,331 | 20C,773.01G | |
Balance as at July 1, 2025 | 54,934,476 | {21,959,629) | 3,214,209 | 153,662,593 | (13,365,112) | 176,486,537 | y5,756,331 | 202,242,868 | |
Profit after taxation | - | 2,967,156 | 2,96 ,156 | - | 2,967,156 | ||||
Other comprehensive income - net of t°ax | |||||||||
Total comprehensive income for the period | - | 2,967,156 | 2,96 ‹ ,156 | - | 2,967,156 | ||||
Incremental depreciation relating to surplus on revaluation of operating fixed assets - net of tax | (1,122,732) | 1,122.,732 | - | ||||||
Balance as at December 31, 2025 | 54,934,476 | (21,959,6z9) | 3,214,209 | 152,539,861 | (9,275,224) | 179,453,693 | 25,756,331 | 205,210,024 |
loss
The annexed notes 1 to 19 form an integral part of these unconsolidated condensed interim financial statements,
Contribution
Sub- t»tal from
shareholders
Total
Director Chief Executive Officer
Ohief Finawial Officer
'^ "CNERGYICO PK LIMITED
u coNSOL)DATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE SIX MONTHS PERIOD ENDED DECEMBER 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Note
December 31, December 31,
2925 2024
(Rupees in '000) ------ -.
Profit before taxation Adjustments for :
Dapreciation / Amortisation
Allowance for expected credited losses Gain on disposal of operating fixed assets Interest income
Provision for defined benefit obligation
Net cash flow before working capital changes
4,425,777
3,467,914
1,690,252
8
(3,061)
(70,220)
99,849
9,610,511
1,954,098
3,42T,080
2,4?2,S92
257,28g
(190,02d) 91,029
7,992,464
Nlovement in working capital
(Increase) /decmase in sunent assets Stores and spares
Stock in trad+ Trade debts
Loans and advances
Trade deposits and short term prepayments Other receivables
increase/(decrease) ii› curieiitliat›ilitius
Contract liabilities
Trade and other payables
Cash generated from operations
Finance costs paid
Income taxes and minimum taxes paid
Defined benefit obligation paid
(406,193) (149,78B)
(15,245,235) 14,302,824
(5,180,146) (13,467,681)
158,464 (95,696)
13,330 (80.876)
28,279 {625,486)
363,306
6,028,477
(385,074)
(3,083,743)
(4,239,718) (3,585,520)
5,370,793 4,406,944
(1,B77,089) (3,097,643)
Interest income received
Net cash generated from operations
CASH FLOWS FROM INYESTING ACTIVITIES
7g,220
2,458,519
190,021
946,801
Acquisition of property, plant and equipment Proceeds from disposal of operating fixed assets Long term deposits - net
Net cash used in investi•9 activities
16
(2,D33,3O7)
3,061
1,710
(1,884,808)
-(13.980)
(2,d28,536) (1,B98,788)
December 3â, December 3 , 2025 2024
CASH FLOW FROM FINANCING ACTIVITIES | |||
Long term financing - net | |||
Payment of lease liabilities | |||
Short term borrowing - net | |||
Dividend paid | |||
Net cash generated 1rom financing activities | 1,2't3,040 | 1,819,964 | |
Net increase in cash and cash equivalents | 1,623,023 | 867,977 | |
Cash and cash equivalents - at the begi nilig uf II›u pe iud | 1,019,8d5 | 799,032 | |
Cash and cash equivalents - at the end of the period | 2,642,828 | 1,667,609 | |
Cash and cash equivalents comprise of: | |||
'Cash and bank balances | 4,242,828 | 3,267,609 | |
Running finance facility | 10 | (1,600,000) | (1,600,000) |
2,642,828 | 1,667,609 | ||
--- (Rupees in '000) -
(465,000) | (373,333) |
(210,632) | (201,880) |
1,888,672 | 2,395,198 |
- | (21) |
The annexed notes 1 to 19 form an integral part of these unconsolidated condensed interim financial statements.
Director Chief Executive Officer Chief Financial Officer
Cnergyico Pk Limited Consolidated Condensed Interim Statement of Financial Position As at December 31, 2025 | |||
(Un-audited) | (Audited) | ||
December 31, | June 30, | ||
2025 | 202S | ||
ASSETS | Notes | - (Rupees in | '000)--------- |
Non-current assets | |||
Property, plant and equipment | 5 | 323,968,567 | 325,679,899 |
Intangible assets | 17,199 | 21,593 | |
Long-term deposits | 157,543 | 159,253 | |
324,143,310 | 325,860,745 | ||
Current assets | |||
Stores and spares | |||
Stock-in-trade | 6 | ||
Trade debts | 7 | ||
Loans and advances | |||
Trade deposits and short-term prepayments | |||
Other receivables | |||
Cash and bank balances | |||
89,92B,863 | 67,650,641 | ||
Total assets | 414,07Z,173 | 393,511,386 | |
EQUITY AND LIABILITIES | |||
Share capital and reserves | |||
Share capital | 54,934,476 | 54,934,476 | |
Reserves | (43,103,658) | (47,446,609) | |
11,830,818 | 7,487,867 | ||
Surplus on revaluation of operating fixed assets | 173,135,008 | 174,732,304 | |
184,965,826 | 182,220,171 | ||
Contribution from shareholders | 25,7S6,331 | 25,756,331 | |
Equity attributable to shareholders of the parent company | 21O,72Z,157 | 207,976,502 | |
Non controlling Interest | 1,068,170 | 1,063,246 | |
211,790,327 | 209,039,748 | ||
Non-current liabilities | |||
Long term financing Long term lease liabilities Long-term deposits Deferred liabilities Deferred taxation | |||
B4,653,202 | 8S,B22,354 | ||
Current liabilities | |||
Trade and other payables | |||
Contract liabilities | |||
Accrued mark-up | |||
Short term borrowings - secured | 8 | ||
Current portion of non-current liabilities | 9 | ||
Unclaimed dividend | |||
Taxation - net | |||
117,628,644 | 98,649,284 | ||
Total equity and liabilities | 414,072,173 | 393,511,386 | |
Contingencies and commitments | 10 | ||
The annexed notes form an integral part of these consolidated condensed interim financial statements. | |||
2,683,270 | 2,277,077 |
52,306,465 | 37,061,230 |
30,206,734 | 25,026,588 |
41Z,867 | 585,040 |
25,903 | 39,233 |
30,710 | 32,694 |
4,262,914 | 2,628,779 |
12,025,000 | 12,880,000 |
2,281,670 | 2,151,062 |
230,353 | 230,353 |
761,850 | 662,001 |
69,3S4,329 | 69,898,938 |
98,597,398 | 82,512,663 |
1,584,556 | 1,221,250 |
1,140,531 | 1,661,730 |
12,743,847 | 10,855,175 |
2,2BB,683 | 1,894,591 |
1,006 | 1,006 |
1,272,623 | 502,869 |
Director Chief Executive Officer Chief Financial Officer
Cnergyico Pk Limited
Consolidated Condensed Interim Statement of Profit or Loss Account (Un-audited) For the period ended December 31, 2025
Six months period ended December 31, December 31,
2025 2024
Three months period ended December 31, December 31,
2025 2024
(884,970 (321,994 (257,286 173,171 | (514,633) (1B5,513) 24,270 |
(Rupees in 'OOD)
Revenue from contract with customers | 1g8,847,377 | 185,888,420 | 107,201,323 | 112,Z82,426 | |
Discounts, taxes, levies and duties | (42;565,610) | (42,397,688) | (22,532,533) | (Z5,895,715) | |
Revenue from contract with curtomarc - nat | 146,281,767 | 143,450,732 | 86,386,711 | ||
Cost of sales | (139,157,314) | (13s,zsg,2z7) | (78,268,981) | (81,236,818) | |
Gross profit | 7,124,453 | 5,232,495 | 6,399,809 | 5,149,893 | |
Administrative expenses | (987,602) | (463,313) | |||
Selling and distribution expenses | (351,106) | (168,414) | |||
Other expenses | (128,643) | ||||
Other income | 61,300 | 147,076 | |||
(1,277,40B) | (1,291,079) | (675,876) | (613,294) | ||
Operating profit | 5,847,045 | 3,941,416 | 5,723,933 | 4,536,599 | |
Finance costs | (1,690,252) | (2,453,039) | {854,129) | (1,244,619) | |
Profit before taxation | 4,156,793 | 1,488,377 | 4,B69,804 | 3,291,980 | |
Minimum taxes | (B44,616) | (790,045) | (485,266) | (489,959) | |
Income tax | (561,598) | 544,609 | (841,259) | 260,828 | |
Profit after taxation | 2,750,579 | 1,242,941 | 3,S43,279 | 3,0o2,849 | |
Attributtable to: | |||||
- Equity Holders of the Parent Company | 2,745,655 | 1,256,322 | 3,530,061 | 3,068,048 | |
- Non-contro|ling interest | 4,924 | (13,381) | 13,218 | (5,199) | |
2,750,579 | 1,242,941 | 3,543,279 | 3,062,B49 | ||
Loss per share - Rupees | |||||
- Basic and diluted | 0.50 | 0.23 | 0.65 | 0.56 |
The annexed notes form an inte%raI part of these consolidated condensed interim financial statements.
Director Chi•f Ex=cutive Officer Chief Financial Officer
Cnergyico Pk Limited
Consolidated Condensed Interim Statement of Other Comprehensive Income (Un-audited) For the period ended December 31, 2025
Six months period ended Three months period ended December 31, December 31, December 31, December 31,
2025 2024 2025 2024
- --(Rupees in '000)----
Profit after taxation
Other comprehensive income
2,750,579
1,242,941
3,543,279
3,062,849
Total comprehensive Income for the period
2,750,579
1,242,941 3,543,279
3,062,849
Attributtable to: | ||||
- Equity Holders of the Parent Company | 2,745,6S5 | 1,256,322 | 3,530,061 | 3,068,04B |
- Non- controlling interest | 4,924 | (13,381) 13,218 | (5,199) | |
2,750,579 | 1,242,941 3,543,279 | 3,062,849 | ||
The annexed notes form an integral part of these consolidated condensed interim financial statements.
Director Chief Executive Officer Chief Financial Officer
Cnergyico Pk Limked
Reserves
Other Surplus on Capital revaluation of
shareholders Interest - NCI
Consohda(ed Condensed lntenm Statement of Changes In Eqnky |Un-audited) For the period ended December 31, 2025
Balance as at July 1, 2024
54,934,476 (21,959,629) 3,214,209 177,523,994
(27,934,410) 185,778,640 25,756,331 1,003,114 212,538,085
1,25b,322 | 1,2o6,322 |
Profit after taxation
Othar *emprohansivo inaemc net of tax Total comprehensive Income for the
1,256,322 1,256,322
- (13,381) 1,242,941
onreva)uationofpropedy,p#utand equipment-netoftax
Balance as at December 31, 2024
Profit after taxation
Other comprehensive income - net of tax Other comprehensive income for the
Balancea*atDecember3l,2025
- - (1,597,296)
54,934,476 (21,959,629) 3,214,209 17S,926,69B
2,745,65S | 2,745,655 | - | 4,920 | Z,750,579 |
54.934,476 (21,959,629) 3,214,209 174,732,304
- (1,597,296)
54,934,476 (21,959,629) 3,214,209 173,i3jOO8
1,S97,296 -- -
(Z5,080,792) 187,034,96Z 25,756,331 989,733 213,781,OZ6
(2B,701,189) 182,220,171 25,756,331 1,063,246 209,039,748
4,924 2,7T0,579
1,597,296 -- --
(24,358,Z3B) 184,965,B26 25,756,331 1,068,170 211,790,3Z7
The annexed notes form an integral part of these consolidated condensed interim financial statements.
Chief Executive Officer Chief Financial Officer
Cnergyico PK Limited
Consolidated Condensed Interim Statement of Cash Flows (Un-audited) For the period ended December 31, 2025
December 31, December 31,
202S 2024
------(Rupees in '000)------
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Profit before taxation | 4,156,793 | 1,488,377 |
Adjustments for: | ||
Depreciation / AmoKisation | 4,006,422 | 3,963,085 |
Finance costs | 1,690,252 | 2,453,039 |
Allowance for expected credited losses | 257,286 | |
Gain on disposal of operating fixed assets | (3,061) | |
Interest income | (31,890) | (190,021) |
Provision for defined benefit plan 99,849 91,029
Net cash flow before working capital changes
Movement in working capital
{increase}/ decrease in current assets
Stores and spares Stock in trade Trade debts
Loans and advances
Trade deposits and short term prepayments Other receivables
Increase/(Decrease) in current liabilities
Contract liabilities
Trade and other payables
Cash generated from operations
9,918,365
(4D6,193) | (149,788) |
(15,245,235) | 14,302,824 |
(5,180,146) | (13,467,681) |
172,173 | (95,696) |
13,330 | (80,875) |
1,984 | (678,136) |
363,306 | (385,074) |
15,853,114 | (3,0B3,023) |
(4,427,667) S,490,698
8,062,795
(3,637,449)
4,425,346
Finance costs paid | (1,877,090) | (3,097,691) |
Income Taxes paid | (1,181,069) | (536,7S5) |
Gratuity paid | (30,343) |
Interest income received 31,B90 190,021
Net cash generated from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of property, plant and equipment and intangibles Proceeds from disposal of PPE
Long term deposits - net
Net cash used in investing activities
CASH FLOW FROM FINANCING ACTIVITIES
Repayment of long term loan - net
Net cash generated from financing activities | 1,213,041 | 1,819,965 | |
Net increase in cash and cash equivalents | 1,634,135 | 868,817 | |
Cash and cash equivalents - opening | 1,028,779 | 801,326 | |
Cash andcashequivalents-Wosing | 2,662,914 | 1,670,143 | |
Cash and cash equivalents comprise of: Cash and bank balances | 4,262,914 | 3,270,143 |
Payment of tease liabilities Short term borrowings - net Dividend paid
2,464,429
(2,048,106) | (1,887,746) |
3,061 | |
1,710 | (13,980) |
(465,000) | (373,333) |
(210,631) | (201,880) |
1,888,672 | 2,395,199 |
(21) |
(2,043,335)
950,578
(1,901,726)
Running finance facility
(1,600,000)
{1,600,000)
2,662,914 1,670,143
The annexed notes form an integral part of these consolidated condensed interim financial statements.
Director Chief Executive Officer Chief Financial Officer