By PUCARS and Courier
The Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Attention: The General Manager
Dear Sirs,
28*hOctober 2025
Re: FINANCIAL RESULTS FOR THE THREE MONTHS PERIOD ENDED SEPTMBER 30TH,2025
We are pleased to inform you that the Board of Directors of the Company at its meeting held on Tuesday, 28th October 2025 at 2:00 pm, at the corporate office of the Company, 10t^Floor, The Harbour Front, Dolmen City, HC-3, Block 4, Marine Drive, Clifton, Karachi, has approved the unaudited Financial Statements of the Company for the three months period ended September 30*h, 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, Consolidted Statement of Profit or Loss, Consolidated Statement of Other Comprehensive Income, Consolidated Statement of Changes in Equity and Consolidated Statement of Cash Flows.
The quarterly report of the Company for the three months period ended 30** September 2025 will be transmit d through PUCARS separately within the specified time.
Yours
Chi T Fi Tal Officer
Enclosed as above.
Copy: The Securities & Exchange Commission of Pakistan, Islamabad.
Tne Flarbour Front, 9'" Floor, Dolmen Witq, HP-3, 6lock 4, Marine Drive, Clifton, Karacni - 75600, Pakistan
Cnergyico Pk Limited
Unconsolidated Condensed Interim Statement of Financial Position As at September 30, 2025
Notes
(Unaudited) (Audited)
September 30, June 30,
2025 2025
----------(Rupees in '000)------------
ASSETS Non-current assets | ||||||
Property, plant and equipment | 5 | 287,072,056 | 287,916,583 | |||
Intangible asset | 15,346 | 17,093 | ||||
Long term investment | 18,169,968 | 18,169,968 | ||||
Long-term deposits | 162,513 | 159,178 | ||||
303,415,663 | 306,262,822 | |||||
Current assets | ||||||
Stores and spares | 2,699,831 | 2,277,077 | ||||
Stock-in-trade | 6 | 3S,474,259 | 37,061,230 | |||
Trade debts | 7 | 22,740,904 | 25,026,588 | |||
Loans and advances | 1,130,2SS | 1,308,280 | ||||
Trade deposits and short-term prepayments | 25,850 | 39,233 | ||||
Other receivables | 1,958,969 | 1,711,980 | ||||
Cash and bank balances | 3,078,949 | 2,619,805 | ||||
67,109,017 | 70,044,193 | |||||
Total assets | 372,528,900 | 376,307,015 | ||||
EQUITY AND LIABILITIES | ||||||
Share capital and reserves | ||||||
Share capital | 54,934,476 | 54,934,476 | ||||
Reserves | (32,138,636) | (32,110,532) | ||||
22,795,840 | 22,823,944 | |||||
Surplus on revaluation of operating fixed assets | 153,101,227 | 153,662,593 | ||||
175,897,067 | 176,486,537 | |||||
Contribution from shareholders | 25,756,331 | 25,756,331 | ||||
Non-current liabilities | 201,6S3,398 | 202,242,868 | ||||
Long term financing Long term lease liabilities Long-term deposits Deferred liabilities Deferred taxation | ||||||
75,136,463 | 75,807,630 | |||||
Current liabilities | ||||||
Trade and other payables Contract liabilities Accrued mark-up Short Term Borrowings - secured Current portion of non-current liabilities Unclaimed dividend Taxation - net | ||||||
95,739,039 | 98,256,517 | |||||
Total equity and liabilities | 372,528,900 | 376,307,015 | ||||
Contingencies and commitments | ||||||
12,375,000 | 12,ft80,000 |
2,171,618 | 2,151,062 |
230,353 | 230,353 |
711,92S | 662,001 |
59,647,567 | 59,884,214 |
84,Z78,586 | 82,168,179 |
619,383 | 1,221,250 |
1,275,422 | 1,661,730 |
7,186,237 | 10,855,175 |
2,187,320 | 1,894,591 |
1,006 | 1,D06 |
191,085 | 454,586 |
The annexed notes form an integral part of these unconsolidated condensed interim financial information.
Chief Executive Officer Director Chief Financial Officer
Cnergyico Pk Limited
Unconsolidated Condensed Interim Statement of Profit or Loss (Un-audited) For the three months period ended September 30, 2025
September 30, September 30,
2025 2024
---- (Rupees in '000) ---------------
Revenue from contract with customers - Gross | 81,646,054 | 73,605,994 | ||
Sales tax, discounts & other duties | (20,033,077) | (16,501,973) | ||
Revenue from contract with customers - net | 61,612,977 | 57,104,021 | ||
Cost of sales | (60,681,389) | (56,774,792) | ||
Gross profit | 931,588 | 329,229 | ||
Administrative expenses | (465,250) | (421,518) | ||
Selling and distribution expenses | (165,593) | (153,580) | ||
Other expenses | (128,643) | |||
Other income - net | 56,107 | 46,859 | ||
(574,736J | (656,882) | |||
Operating profit / (loss) | 356,852 | (327,653) | ||
Finance costs | (836,122) | (1,208,420) | ||
Loss before taxation | (479,270) | (1,536,073) | ||
Minimum taxes | (346,847) | (291,480) | ||
Income tax | 236,647 | 229,290 | ||
Loss after taxation | (589,470) | (1,598,263) | ||
Loss per share - Rupees | ||||
- Basic and diluted | (0.11) | |||
The annexed notes form an integral part of these unconsolidated condensed interim financial information.
Chief Executive Officer Director Chief Financial Officer
Cnergyico Pk Limited
Unconsolidated Condensed Interim Statement of Other Comprehensive Income (Un-audited) For the three months period ended September 30, 2025
September 30, September 30,
2025 2024
- -- (Rupees in 'OOO) -----------
Loss after taxation | (589,470) | (1,598,263) | |
Other comprehensive income | |||
Total comprehensive loss for the period | (589,470) | (1,598,263) |
The annexed notes form an integral part of these unconsolidated condensed interim financial information
Chief Executive Officer Director Chief Financial Officer
Cnergyico Pk Limited
Unconsolidated Condensed Interim Statement of Changes In Equity (Un-audited) For the three months period ended September 30, 2025
Capital Reserve Revenue Reserve
Issued, subscribed and paid up capital
Surplus on Merger Other Capital revaluation of Reserves Reserve operating
assets
Accumulated LOW
Sub- total
Contribution from shareholders
Total
---- -- -- - ---(Rupees in '000) - - - --
Balance as at July 1, 2024 54,934,476 (21,959,629) 3,214,209 155,903,719 (12,728,828) 179,363,947 25,756,331 205,120,278
Loss for the period
Other comprehensive income for the
period - net of tax -- --
(1,598,263) (1,598,263)
- (1,598,263)
Incremental depreciation relating to surplus on revaluation of proper'. plant and
equipment - net o1 tax --
(561,366)
561,366 -- --
Balance as at September 30, 2024
Balance as at July 1, 2025
54,934,476 (21,959,629) 3,214,209 155,342,353
54,934,476 (21,959,629) 3,214,209 153,662,593
(13,765,725) 177,765,684 25,756,331 203,522,015
(13,365,112) 176,486,537 25,756,331 202,242,868
Loss for the period
Other comprehensive income for the period - net of tax
Incremental depreciation relatin* to surplus on rei aluation of propert. . plant and equipment - net of tax
(561,366)
(589,470) (589,470) --
561,366 --
(589,470)
Balance as at September 30, 2025
54,934,476 (21,959,629) 3,214,209 153,101,227
(13,393,216) 175,897,067 25,756,331 201,653,398
The annexed notes form an integral part of these unconsolidated condensed interim financial information.
Chief Executive Officer Director Chief Financial Officer
Cnergyico Pk Limited
Unconsolidated Condensed Interim Cash Flow Statement (Un-audited) For the three months period ended September 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
September 30, Septern ber 30,
2025 2024
- ---(Rupees in '000)------------
Loss before taxation Adjustments for:
Depreciation/Amortisation Finance costs
Allowance for expected credited losses Gain on disposal of PPE
Interest incom.
r"rovision for defined benefit plan
Net cash flow before working capita! chenge s
Movement in working capital
(li›ciease) / deci ease in cui rent 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
(845,621) | (231,850) |
2,997 | |
(3,335) | (6,713 |
Cash generated from / (used in) operations
(479,270)
1,728,156
836,122
(2,997)
(37,858)
49,924
(422,754) | 10,529 | |
1,586,971 | S,^.29,476 | |
2,285,684 | (5,7^.1,695) | |
178,025 | 89,970 | |
13,383 | (5,316) | |
(246,989) | (5b1,2b1) | |
(601,867) | ||
1,997,201 | (4,562,582 |
2,094,077
4,789,654
6,883,731
(1,536,073)
1, 20570
1,208420
126,643
(35,26 )
45,515
1,53*-,b 12
(2,517,391)
(985,579)
Finance costs paid | (1,067,139) | (1,485,179) |
Income Taxes paid | (610,348) | (5 ,412) |
Interest income received | 37,858 | 35,263 |
Net Cash generateJ from / (used in) operasions CASH FLOWS FROM INVESTING ACTIVITIES | 5,244,102 | (2,466,907) |
Acquisition of property, plant and equioment ano intangible Proceeds from disposal of PPE
Long term deposits - net
Net cash used in investing activities
CASH FLOW FROM FINANCING ACTIVITIES
Long term financing - net Payment of lease liabilities Short term borrowings - net
(170,000) | (203,33) |
(100,061) | (97,662) |
(3,668,938) | 1,999,628 |
(845,959)
(23S,S63)
Net cash (used in) / generated from financing activities | (3,938,999) | 1,698833 | |
Net increase / (decrease) in cash and cash equivalents | 459,144 | (1,026,637) | |
Cash and cash equivalents - opening | 1,019,805 | 799,632 | |
Cash and cash equivalents - closing | 1,478,949 | (227,005) | |
Cash and cash equivalents comprise of: | |||
Cash and bank balances | 3,078,949 | 1,372,995 | |
Running finance facility | (1,600,000) | (1,600,000) |
1,478,949 (227,005)
The annexed notes form an integral part of these unconsolidated condensed interim financial information.
Chief Executive Officer Director Chief Financial Officer
Cnergyico Pk Limited
Consolidated Condensed Interim Statement of Financial Position As at September 30, 2025
ASSETS
(Un-audited) (Audited)
September 30, June 30,
20Z5 2025
2,699,831 | 2,277,077 |
35,474,259 | 37,061,230 |
22,740,904 | 25,026,588 |
410,708 | 585,040 |
25,850 | 39,233 |
30,796 | 32,694 |
3,081,277 | 2,628,779 |
Notes ----------(Rupees in '000)------------
Non-current assets Property, plant and equipment | 5 | 324,566,626 | 325,679,899 |
Intangible assets | 19,396 | 21,593 | |
Long-term deposits | 162,588 | 159,253 | |
324,748,610 | 325,860,745 | ||
Current assets | |||
Stores and spares Stock-in-trade | 6 | ||
Trade debts Loans and advances | 7 | ||
Trade deposits and short-term prepayments Other receivables Cash and bank balances | |||
64,463,625 | 67,650,641 | ||
Total assets | 389,212,235 | 393,511,386 | |
EQUITY AND LIABILITIES | |||
Share capital and reserves | |||
Share capital | 54,934,476 | 54,934,476 | |
Reserves | (47,432,367) | (47,446,609) | |
7,50Z,109 | 7,487,867 | ||
Surplus on revaluation of operating fixed assets | 173,933,656 | 174,732,304 | |
181,435,765 | 182,220,171 | ||
Contribution from shareholders | 25,756,331 | 25,756,331 | |
Equity attributable to shareholders of the parent company | 207,192,096 | 207,976,502 | |
Non controlling Interest | 1,054,952 | 1,063,246 | |
208,247,048 | 209,039,748 | ||
Non-current liabilities | |||
Long term financing | |||
Long term lease liabilities | |||
Long-term deposits | |||
Deferred liabilities | |||
Deferred taxation | |||
85,108,173 | 85,822,354 | ||
Current liabilities | |||
Trade and other payables | |||
Contract liabilities | |||
Accrued mark-up | |||
Short term borrowings - secured | |||
Current portion of non-current liabilities | |||
Unclaimed dividend | |||
Taxation - net | |||
95,857,014 | 98,649,284 | ||
Total equity and liabilities | 389,212,235 | 393,511,386 | |
Contingencies and commitments | 8 | ||
The annexed notes form an integral part of these consolidated condensed interim financial statements. |
12,37S,000 | 12,880,000 |
2,171,618 | 2,151,062 |
230,353 | 230,353 |
711,925 | 662,001 |
69,619,277 | 69,898,938 |
84,351,096 | 82,512,663 |
619,383 | 1,221,250 |
1,275,422 | 1,661,730 |
7,186,237 | 10,855,175 |
Z,187,320 | 1,894,591 |
1,006 | 1,006 |
236,550 | 502,869 |
Chief Executive Officer Director Chief Financial Officer
Cnergyico Pk Limited
Consolidated Condensed Interim Statement of Profit or Loss Account (Un-audited) For the three months period ended September 30, 2025
September 30, September 30,
2025
- -- (Rupees in '000) --
2024
Revenue from contract with customers | 81,646,054 | 73,605,°94 |
Discounts, taxes, levies and duties | (20,033,077) | (16,501,973) |
Revenue from contract with customers - net | 61,612,977 | 57,104,021 |
Cost of sales | (60,888,333) | (57,021,419) |
Gross profit | 724,644 | 82,602 |
Administrative expenses | (472,969) | (421,657) |
Selling and distribution expenses | (165,593) | (153,580) |
Other expenses | (128,643) | |
Other income | 37,030 | 26,095 |
(601,532) | (677,785) | |
Operating profit / (loss) | 123,112 | (595,183) |
Finance costs | (836,123) | (1,208,420) |
Loss before taxation | (713,011) | (1,803 603) |
Minimum taxes | (359,350) | (300,086) |
Income tax | 279,661 | 283,781 |
Loss after taxation | (792,700) | (1,819,908) |
Attributtable to: Equity Holders of the Parent Company | (784,406) | (1,811,726) |
Non-controlling interest | (8,294) | (8,182) |
(792,700) | (1,819,908) |
Loss per share - Rupees Basic and diluted
(0.14)
(0.33)
The annexed notes form an integral part of these consolidated condensed interim financial statements.
Chief Executive Officer Director Chief Financial Officer
Cnergyico Pk Limited
Consolidated Condensed Interim Statement of Other Comprehensive Income (Un-audited) For the three months period ended September 30, 2025
September 30, September 30,
2025 2024-----(Rupees in '000)----------
Loss after taxation | (792,700) | (1,819,908) | ||
Other comprehensive income | ||||
Total comprehensive Loss for the period | (1,819,908) | |||
Attributtable to: | ||||
- Equity Holders of the Parent Company | (784,406) | (1,811,726) | ||
Non- controlling interest | (8,294) | (8,182) | ||
(792,700) | (1,819,908) |
The annexed notes form an integral part of these consolidated condensed interim financial statements.
Chief Executive Officer Director Chief Financial Officer
Consolidated Condensed Interim Statement of changes In Equity (Un-audited) For the three months period ended September 30, 2025
subscribed and
paid up capital
Merger
Reserves
Other Surplus on Capital revaluation of Reserve operating assets
Accumulated Loss
Contribution Non-
Sub- total from Controlling Total shareholders interest - NCI
- - -----(Rupees in '000)-----------------------------------------------
BSanreasatJuy1,2024 | 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 | |
Loss for the period | -- | -- | -- | (1,811,726) | (1,811,726) | -- | (8,182) | (1,819,908) | ||
Other comprehensive income for the | ||||||||||
period - net of tax | -- | |||||||||
lucrementaldeprecaton re)atingto surplus | ||||||||||
equipment net of tax | (+09,61 9) | |||||||||
Balance as at September 30, 2024 | 54,934,°76 | (21,959,629) | 4.2l4,Z09 | 176,7D5,346 | (28,947.^88) | 183,966,914 | 2S,756,331 | 984,932 | 21D,718,177 | |
Balance as at July 1, 2025 | 54,934,476 | (21,959,629) | 3,214,209 | 174,732,304 | (28,701,189) | 182,220,171 | 25,756,331 | 1,063,246 | 209,039,748 | |
Loss for the period | (784,406) | (784,406) | (8,294) | (792,700) | ||||||
Other comprehensive income for the | ||||||||||
period - net of tax | -- | |||||||||
lncrementaldeprecaton relatingto surplus | ||||||||||
onrevauationofpropehy,pantand equipment - net oftax - | - | (798,648) | 798,648 | - | - | - | - | |||
50,934,476 | (31,959,6291 | 3,214,209 | 173,933,696 | (28,686,947) | 181,435,765 | 25,756,331 | 1,054,952 | 2D8,247,O48 | ||
The annexed notes form an integral part of these consolidated condensed interim financial statements.
Chief Executive Officer
Cnergyico PK Limited
Consolidated Condensed Interim Statement of Cash Flows (Un-audited) For the three months period ended September 30, 2025
September 30, September TO, 2025 2024
---(Rupees in '000)----------
CASH FLOTVS FROM OPERATING ACTIVITIES | ||
Loss before taxation | (713,011) | (1,60?, 603) |
Adjustments for | ||
Depreciation / Amortisatio n | 1,997,381 | 1,986,573 |
Finance costs | 836,123 | 1 ?0S,420 |
Allowance for expected credited losses | 125,643 | |
Gain on disposal of PPE | (2,997) | |
Interest income | (18,882) | (35,263) |
Provision for defined benefit plan | 49,924 | 4555 |
Net cash flow before u oiking capitaI changes | 2,148,538 | 1.532,285 |
Movement in working capital (Increose j / aectease in current assets | ||
Stores and spares Stock in trade Trade debts
Loans and advances
Trade deposits and short t rm prepayments Other receivables
Increase / (Decrease) in curren t mobilities
Contract liabilities
Trade and other payables
Cash generated from / (used in) operations
4,760,922
(4ZZ,754) | 10,529 |
1,586,971 | 8,429,476 |
2,285,684 | (5,741,695) |
174,332 | 106,614 |
13,383 | (5,316) |
1,898 | (546 417) |
(601,867) | (176,5 12) |
1,723,275 | (4,563,3 25 |
6,909,460
2,466,646)
(954,361)
Finance costs paid | (1,067,217) | (1,465,179) |
Income Taxes paid | (625,669) | (65,989) |
Interest income recei ed | 18,882 | 35,263 |
Net cash generated from / (used ii ) operating activities CASH FLOWS FROM INVESTING ACTIVITIES | 5,235,456 | (2,470,266) |
(843,621) | (234,788) |
2,997 | |
(3,335) | (6,713) |
Acquisition of property, pla nt and eg ui pment a nd inta ngibles
Proceeds from disposal of PPE Long term deposits - net
Net cash used in investing activities CASH FLOW FROM FINANCING ACTIVITIES | (843,959) | (241,501) | |
Repayment of long term loan - net | (170,000) | (203,333) | |
Payment of lease liabilities | (100,061) | (97,662) | |
Short term borrowings - net | (3,668,938) | 1 999,828 | |
Net cash (used in ) / generated from financing activities | (3,938,999) | 1,698,833 | |
Net increase / (decrease) in cash and cash equivalents | 452,498 | (1,012,934) | |
Cash and cash equivalents - opening | 1,028,779 | 801,326 | |
Cash and cash equivalents - closing | 1,481,277 | (211,608) | |
Cash and cash equivalents comprise of: | |||
Cash and bank balances | 3,081,277 | 1,368,392 | |
Running finance facility | (1,600,OOO) | (1,600,000) | |
1,481,277 | (211,608) |
The annexed notes form an integral part of these consolidatecl condensed interim financial statements.
Chief Executive Officer Director Chief Financial Officer