Financial Results for the Year Ended 30th June 2025

2,277,077

2,449,863

37,061,230

45,816,644

25,026,588

5,608,G72

1,308,280

1,799,223

39,233

25,574

1,711,980

2,573,53B

2,619,805

2,399,632

Nota --------- (Rupees in '000) --------

ASSETS

Nonmurrent assets

Piuputy, plant ar I equip‹nurñ

4

287,916,503

209.662,580

IntangiMe asse

5

'7,d93

5,917

Investment in subsidiaries - at cost

6

18,169,968

17,414.238

Long-term deposits 7 159,178 329,793

Current assets

386,262,822

307,412,528

Stores and spares

Stock-in-trade

8

Trade debts

9

Loans and advances

40

Trade deposits and short-term prepayments

Other receivables

12

Cash and bank balances

13

70,044,193 60.673.146

Total assets

376,307,015

368,Q85,674

EQUITY AND LIABILITIES

Share capital and reserves

3hare capital

14

54,934,476

54,934,476

Reserves (32,110,532)

22,823,944

(31,474,248)

23,460,228

Surplus on revaluation of operating fixed assets - net of tax 15 153,662,593 176,486,537

155,903,7t9 179,363,947

Contribution from shareholders 16 25,756,331 25,756,331

202,242,868

205,120,279

Nonmurrerit liabilities

Long-term financing

17

Long-term lease liabilities

IB

Long-term deposits

19

Deferred liability

20

Deferred taxation

21

75,807,630

78,288,376

Current liabilities

Trade and other payables

22

82,168,179

70,288,310

Contract liabilities

23

1,221,250

1,127,778

Accrued mark-up

24

1,661,730

3,758,105

Short-term borrowings

25

10,855,175

8,286,144

Current portion of non-current liabilities

26

1,894,591

1,034,418

Unclaimed dividend

1,006

1,027

Income tax and levies payable

454,S86

181,238

98,256,517

84,677,020

Total equity and liabilities

376,307,015

368,085,674

Contingencies and commitments

27

The annexed notes from 1 to 51 form an integral part of these unconsolidated financial statements.

12,880,000

14,440,000

2,151,062

2,267,600

230,353

230.353

662,001

549.049

59,884,214

60,801,375

CNERGYIGO PK LIMITED

UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED JUNE 30, 2025

June 30,

June 30,

2025

2024

Note

- (Rupees

in '000) -------

Revenue from contract with customers - net

28

296,719,736

240,626,169

?.ost of sates

29

(291,720,953)

t228,196,024)

Gross profit

4,998,783

12,430,145

Administrative expenses

30

(1,714,768)

(1,544,608)

Selling and distribution expenses

31

(695,970)

(646,z"z2

Other expenses

32

(5t6,050)

(514,573)

Other income

33

478,517

1,136,387

(2,448,271)

(1,558,016)

Operating profit

2,550,512

10,872,129

Finance costs - net

34

(4,759,156)

(9,387,101)

(Loss) / profit before taxation

(2,208,644)

1,485,028

Final tax and minimum taxes

35

{464,025)

(690,738)

Income tax

36

{222,752)

214,084

(Loss) / profit for tha year

(2,895,421)

1,008,374

25,368

18,409

{7,357)

(5,3391

Balance as at June 30, 2023

54,934,476

(21,959,629)

3,214,209

158,149,183

(15,995,736)

178,342,503

178,342,503

Profit after taxation

1,008,374

1,008,374

Other comprehensive income for the year - net of tax

-

13,0?'Q

13,070

Total comprehensive income for the year

1,021,444

1,021,444

1,021,444

Contribution from shareholders

25,756,331

25,756,331

Incremental depreciot‹on relating to revaluation

surplus on operating fixed assets - net of tax (nole 15)

(2,245,464)

2,245,464

Balance as at June 30, 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

(z, ss,<2‹)

‹2,sss,x21) (2,895,421)

18,011 18,011

CNERGYtCO PK LIMITED

UNCONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED JUNE 30, 2025

June 30,

June 30,

Note

2025

----- (Rupees

2024

in '000) ----•------

CASH FLOWS FRQM OPERATIC G ACTIVITIES

(Loss) / profit before taxation

(2,208,644)

1.485,028

Ad ‹›stments for:

ñenreriatinn en cgerating fixed assets

4.1

6,578,426

5,58J,16t

Depreciation on right-of-use assets

4.3

290,054

309,4g/

Amoriisatio of intangible asset

s

19,487

d,455

Finance costs

4,759,156

9,387.CGI

Allowance for expected credited losses

9.2

516,050

514,573

Luss / (gair ) on disposal of operating fixed assets

33

453

{4,063)

Interest income

ñ

{424,505)

(1.029,220}

Provision for employee retirement benefits

20. 3 .6

183,835

166,136

Net cash flows before working capital changes

9,714,352

17,416,671

Movement in working capital

Increase io current assets

Stores and spares

172,786

(141,245)

Stock-in-trade

8,755,414

(20,125,563)

Trade debts

{t9,933,966)

(2,91T.632)

Loans and advances

490,943

(162,629)

Trade deposits and short-term prepayments

(13,659)

3,017

Other receivables

944,209

(555,447'

(9,584,273)

{23.899.499}

!acrease in current liabilities:

Trade and other payables

11,188,9t8

t5,374,553

Contract liabittties

93,472

(217.727)

11,282,45d

15,3 56.826

Cash generated from operations

11,412,529

8,673,998

Finance costs paid

(6,020,934)

t6.Q65,537T

Final tax paid

(381,373)

Taxes paid

(t,337,947)

{257,933)

Employee retirement benefits paid

20.1.5

(45,515)

Interest received 341,85t 946,563

Net Cash generated from operations

4,349,984

2,315,71B

GASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of property, plant and equipment

(5,102,777)

(1,209,809}

AcqMiSttiOD of intangible asset

(30,663)

Proceeds from disposal of operating fixed assets

31,242

4,063

Investment in subsidiaries

(755,730)

(t00)

Long-term deposits - net

170,615

(16,903)

Net cash «sed in investing activities

(5,587,3t3

) (1,222,749)

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term financing

39

(713,533)

(1,250,409)

Short-term borrowings - net

25

2,569,031

1,832,122

Dividend paid

(21)

Payment of lease liabilities

(398,175)

(469,768)

Net cash generated from financing activities

1,457,502

111,945

Net increase in cash and cash equivalents

220,173

1,204,914

Cash and case equivalents - at the beginning of the year

799,632

(405,282)

Cash and cash equivalents - at the end of the year

38

1,019,805

799,632

ASSETS

NOn-currentassets

Property, plant and equipment

s

325,679,899

328,458,861

Intangible assets

s

21,593

5,94 7

Long-term deposits

159.253

329,868

375,860,745

328,794,646

Current assets

Stores anal spares

2,277,077

2.449.863

Stock-‹n-trade

8

37,061,230

45,816,644

Trade debts

9

25,026,588

5,608,672

Loans and advances

10

585,040

280,443

Trade deposits and short-term prepayments

39,233

25,574

Other receivables

12

32,694

473,058

Cash and bank balances

13

2,628,779

2,401,326

67,650,641

57,055,620

Total Assets

393,511,386

3B5,850,266

EQUITY AND LIABILITIES

Share Capital and reserves

Share capital

14

54,934,476

54,934,476

Reserves

(47,446,609)

(46,679.830)

7,487,867

8,254,646

Surplus on revaluation of operating fixed assets - net of tax

15

474,732,304

177,523,994

182,220,171

185,778,640

Gontribution from shareholders

16

25,756,331

25,756,331

Equity attributable to the shareholders of the parent company

207,976,502

211,534,971

Non controlling interest

1,063,246

1.003,114

Total equity

209,039,748

212,53B,085

Non-current liabilities

Long-term financing

17

Long-term lease liabilities

18

Long-term deposits

19

Deferred liabilities

20

Deferred taxation - net

21

Current liabilities

85,822,354

88,591,774

Trade and other payables

22

Contract liabilities

23

Accrued mark-up

24

Short-term borrowings - secured

25

Current portion of non-current liabilities UncTaimed dividend

Taxation - net

26

98,649,284

84,720,407

Total equity and liabilities

393,511,386

385,850,266

Contingencies and commitments

27

12,880,000

14,440,000

2,151,062

2,267,600

230,3S3

230,353

662,001

549,048

69.898,938

71,104,773

82,512,663

70,291,349

t,221,250

1,127,778

1,661,Y3O

3,758,104

10,855,175

8,286,144

1,894,591

1,034,418

1,006

1,027

502,869

221,587

CNERGYICO Pi•t LIMITED

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 3Q, 2025

Note

June JIC, June Jr,

2025 2024

- -- (Rupees in *000) -----

Revenue from contract with customers - net

28

296,720,293 240,626.169

Cost of sales

29

(292,529,892) {229,119,506)

Gross profit

4,190,401 11,506,663

Adminisrative expenses

Selling and distribution expenses

31

Other expenses

32

Other ‹ncome

33

(2,571,868) (1,643,486)

1,618,533 9,863.177

Cinancecoss-net

34

(4,759,256) f9,387,106)

(loss) profit before taxation

(3,440,723) 476,071

Finat tax and minimum tax

35

(5m,817} (723,766)

tncome tax - net

36

65,922 402.991

(Loss) / profit for the year

(3,590,6'I8) 155.296

Attributable to:

- Shareholders of the Holding Company

(3,576,480) 185,437

- Non controlling interest

(14,138) (30,141)

(3,590,618) 155,296

(Rupees) -

(Loss) / earnings per share - basic and diluted

@7

0.03

(1,755,308}

(1,547,057)

(695,970)

{s›s,oso

(635,222)

(514,573)

395,460

1,053,366

Re-measurements on defined benefit obligation

Deferred tax thereon

20.1./

25,368

(Y,357)

16,409

{5,339)

18,011

13.070

18,011

13,070

teems that may be reclassified subsequently to profit or loss

Total comprehensive (loss) / income far the year

(3,572,607)

168,366

Attributable to:

Shareholders of the Holding Company

(3,558.469)

198,507

Balance as at June 30, 2023

¿4,9¿4,476

{21 9o9,629)

3,214,209

180,718,586

(3 ,327.509)

1Q5,580, 133

1,033,25S

186,61J.388

Profit for the year

185,437 18o,437

(30,141)

1S5,29O

Other comprehensive income for the year - net of tax

3 070

I 3,070

33,070

Total comprehensive income for the year Contribution from shareholders

198,507

198,507

25,756.331

(30, 141)

168,3G6

25,7oC,J31

Incremental depreciation relating to revaluaiion

surplus on operating fixed assets - net of tax (note 15)

(3,194,5g2)

3,194,592

Balance as at June 30, 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 year

(14,138)

(3,590,618)

Other comprehensive income for the year - net of tax

18,011

Total comprehensive loss for the year incremental depreciation relating to revaluation

surplus on operating fixed assets - net of tax (note 15)

(2,791,690)

(3,558,469)

2,791,690

(3,558,469)

(14,138)

(3,572,607)

Further issue of shares to NGt

74,270

74,270

Balance as at June 30, 2025

54,934,476

(21,959,629)

3,214,299

174,732,304

(28,701,189)

182,220,171

2S,756.331

1,063,246

209,O39,Y48

172,786

(141.245)

8,t55,413

(20,125,553)

(19,933,966)

(2,917,632)

(304,597)

(162,629)

(13,659)

3,017

440,406

(442,639)

(Loss) / profit before taxation

Adjustments for'

(3,140,723)

476,071

Depreciation on operating fixeo assets

5.1

7,651,327

7,653,175

Oepreciation on right-of-use assets

5.3

290,094

309,497

Amortisation of intangible asset

s

29,387

6,45S

Finance costs

34

4,759,256

9,387,106

Allowance ior expected credaeo losses

9.2

5tG,OSO

514,573

Loss Again) on disposal of operating fixed assets

33

453

{4,063)

tnteres• income

s3

{341,851)

(946,573)

F'rovisicri for defined benefit plan

20.1 8

t83,685

168. 38

bet case flows before work ng caoita! «hsnges

9,938,828

17,?C2, 77

Movement in working capital

Decrease in current assets

Stores and spares

Stock-in-trade

Traoe debts

Loars and advances

Traoe oeposits and short-term prepayments

Other receivables

(10,883,617)

(23,786,691)

1ncrease ‹n current liabilities

Trade and other payables

11,530,421

15,159,091

Contract liabilities

93,472

(217,727)

11,623,893

14,941,364

Cash generated from operations

1d,679,104

8.717,050

Finance costs paid

(6,O21,Q35)

(6.665,545)

Final tax paid

{381,37S)

Taxes paid

(1,381,805)

(300,982)

Employees retirement benefits paid

2014

(45,515)

interest received

33

341,85t

946,573

Net cash generated from operations

3,572,600

2,315,723

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of property, plant and equipment

Acquisition of intangible asset

Proceeas from disposal of property, plant and equipment

Long-term deposits, net

Net cash used in investing activities

(4,876,919)

(1,222,651)

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term financing

17

Short-term borrowings - net

25

D vidend paid

Proceeds from issue of shares

Payment of lease liabilities

J8

New cash generated from financing activities

1,531,772

111,944

Net increase in cash and cash equivalents

227,453

1,205,016

Cash and cash equivalents - at the beginning of the year

801.326

(403,690)

Cash and cash equivalents - at the end of the year

38

1,028,779

801,326

(5,142,713)

(1.209,810)

(36,063)

131,242

4,063

170,615

(16,903

(713,333)

(1,250,409)

2,569,031

1,832,121

(21)

74,270

{398,175)

(469,769)