Transmission of Quarterly Financial Statements for the Period Ended 31st March 2026

Cnergyico Pk Limited

Years of

i

Third Quarterly Report 31 March, 2026

1. Company Information
2. Director's Report Unconsolidated Financial Statements

1. Statement of Financial Position
2. Statement of Profit or Loss
3. Statement of Comprehensive Income
4. Statement of Changes in Equity
5. Statement of Cash Flows
6. Notes to Financial Statements Consolidated Financial Statements

1. Statement of Financial Position
2. Statement of Profit or Loss
3. Statement of Comprehensive Income
4. Statement of Changes in Equity
5. Statement of Cash Flows

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6. Notes to Financial Statements

Uzma Abbassciy Chairperson

Amir Abbassciy Director &

Chief Executive Officer

Usama Qureshi Vice Chairman

Mushtaq Malik, Independent Director

Lt. (R) Raja Muhammad Abbas, Independent Director

Sami ul Haq Khilji, Independent Director

Aumar Abbassciy, Director

Mushtaq Malik, Chairman Usama Qureshi, Member Lt. (R) Raja Muhammad Abbas, Member

Aumar Abbassciy, Member

Lt. (R) Raja Muhammad Abbas, Chairman

Sami ul Haq Khilji, Member Usama Qureshi, Member Mushtaq Malik, Member Aumar Abbassciy, Member

Amir Abbassciy, Chairman Usama Qureshi, Member Sami ul Haq Khilji, Member Aumar Abbassciy, Member

Sami ul Haq Khilji, Chairman Lt. (R) Raja Muhammad Abbas, Member

Mushtaq Malik, Member Usama Qureshi, Member Aumar Abbassciy, Member

2

Yousuf Adil

Chartered Accountants

Allied Bank Limited

Al Baraka Bank (Pakistan) Limited

Askari Bank Limited Bank Alfalah Limited Bank AL Habib Limited

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Bank Islami Pakistan Limited Bank Makramah Limited Bank of China Limited -Pakistan Operations

Dubai Islamic Bank Pakistan Limited

Faysal Bank Limited

First Women Bank Limited Habib Bank Limited

Habib Metropolitan Bank Limited

JS Bank Limited MCB Bank Limited

Meezan Bank Limited National Bank of Pakistan Pak Oman Investment Company Limited

Soneri Bank Limited Sindh Bank limited The Bank of Khyber The Bank of Punjab United Bank Limited

FAMCO Share Registration Services (Private) Limited 8-F, Next to Hotel Faran

Nursery, Block - 6, P.E.C.H.S Shahrah-e-Faisal, Karachi

Tel: (92 21) 3438 0101-5

3438 4621-3

Fax: (92 21) 3438 0106

The Harbour Front, 9th Floor, Dolmen City, HC-3, Block-4, Marine Drive, Clifton, Karachi 75600, Pakistan

Tel: (92 21) 111 222 081

Fax: (92 21) 111 888 081

https://www.cnergyico.com

FOR THE PERIOD ENDED MARCH 31, 2026

SUBHANALLAH WALHAMDULILLAH WALA ILAHA ILLALLAH WALLAHU AKBAR

In the name of Allah the Most Merciful and the Most Benevolent.

The Directors of your Company are pleased to present a brief review of the financial results and operations of the Company for the period ended 31st March, 2026.

GLOBAL AND LOCAL OIL MARKET OVERVIEW

During the period under review, global energy markets experienced heightened volatility as escalating geopolitical tensions culminated in the disruption of maritime traffic through the Strait of Hormuz, one of the world's most critical oil transit chokepoints. As approximately 80% of Pakistan's oil imports are routed through this passage, the disruption created a significant supply shock for both international markets and the domestic energy sector. Despite these challenges, the Company successfully secured crude oil supplies from the United States and Africa, ensuring continuity of operations.

The disruption resulted in a sharp reduction in available crude oil volumes and a substantial increase in benchmark crude prices. Dubai crude, the key pricing reference for Pakistan, rose by more than 100%, surpassing USD 160 per barrel and peaking at approximately USD 170 per barrel during the height of the crisis. This extraordinary price escalation materially increased working capital requirements across the oil industry.

In parallel with rising crude prices, refining economics improved significantly as prices of refined petroleum products increased at a faster pace than crude oil, resulting in a notable expansion of crack spreads, particularly for gasoline and diesel. However, constrained product exports from the Gulf region, together with logistical bottlenecks, elevated crude premiums, freight rates and insurance costs, which partially offset the benefit of stronger margins.

The Company's proactive crude sourcing strategy, centered on supplies from the United States and Africa, played a critical role in sustaining refinery operations during the Strait of Hormuz disruption. We are pleased to report that the Company increased refinery throughput during the period, thereby supporting continuity in Pakistan's fuel supply chain and contributing to national energy security.

OPERATIONAL PERFORMANCE

Despite a manifold increase in working capital requirements arising from the doubling of international oil prices, the Company delivered a strong operational performance during the period. This was driven by higher refinery throughput, optimized crude slate selection and enhanced efficiency across supply chain operations.

During the period, the Company processed approximately 5 million barrels of U.S. crude oil. Owing to its lighter and sweeter characteristics, this crude slate improved product yields, enhanced profitability and provided greater operational flexibility as reflected in the current period's earnings. In addition, utilization of the Company's Single Point Mooring (SPM) facility enabled the import of larger cargoes, resulting in lower per-barrel freight costs and improved margins.

The Company has also commenced the supply of Very Low Sulphur Fuel Oil (VLSFO) for marine bunkering operations at ports across Pakistan. This initiative has been undertaken in collaboration with international trading partners and volumes are expected to grow significantly in the coming periods.

FINANCIAL PERFORMANCE

During the current period, the Company recorded gross sales of PKR 336.1 billion, reflecting a 20% increase compared to the same period last year. Gross profit and operating profit stood at PKR 27.8 billion (2025: PKR 4.9 billion) and PKR 26.1 billion (2025: PKR 3.1 billion), respectively. Despite the impact of corporate and super taxes, the Company reported a profit after tax of PKR 17.7 billion (basic and diluted earnings per share: PKR 3.22), compared to a loss after tax of PKR 1.1 billion (basic and diluted loss per share: PKR 0.20) in the corresponding period last year. It is important to note that the conflict and its impact on global oil prices commenced in early March and hence, the major impact of the higher oil prices and corresponding inflation will be more visible in ensuing quarters.

OTHER INDUSTRY CHALLENGES

To shield end consumers from the sharp rise in international petroleum prices, the Government of Pakistan introduced the Price Differential Claim (PDC) mechanism in mid-March as a temporary fiscal measure. Under this arrangement, PDC rates ranged from PKR 75 to PKR 204 per litre for High Speed Diesel (HSD) and from PKR 49 to PKR 96 per litre for Premium Motor Gasoline (PMG). While partial reimbursements have been received from the Government, a portion of PDC receivables remains outstanding, which continues to place pressure on the Company's cash flows.

As highlighted previously, all import payments are being settled at open market exchange rates, which are PKR 2 to PKR 3 higher than the State Bank of Pakistan's weighted average exchange rate used in the petroleum pricing formula. This pricing mismatch has adversely impacted the Company's profitability by approximately PKR 1.5 billion. The Company remains hopeful that the Government will address and resolve this longstanding issue.

REFINERY EXPANSION AND UPGRADATION

The refining industry continues to engage constructively with the Government on matters relating to the implementation of the Pakistan Oil Refining Policy for Upgradation of Existing / Brownfield Refineries, 2023. We remain optimistic that these issues will receive due consideration and that an amicable resolution will be reached, enabling refineries to proceed with their planned upgrade and expansion projects.

The Board wishes to place on record its gratitude for the co-operation extended by the Government of Pakistan and our strategic partners including: customers, financial institutions, suppliers | vendors and shareholders.

For and on behalf of the Board of Directors

Chief Executive Officer Director

Karachi

April 28th, 2026

ٹروپر زرٹکیرئاڈ

2026 چرام 31 تدم ماتتخا ےئارب

ربكأ هللاو ،هللا الإ هلإ الو ،هلل دمحلاو ،هللا ناحبس

۔ےہ الاو ےنرک محر تیاہن روا نابرہم اڑب وج ےس مان ےک هللا عورش

یک ینپمک روا جئاتن یتایلام ےئل ےک داعیم یلاو ےنوہ متخ وک 2026 چرام 31زرٹکیرئاڈ ےک ینپمک یک پآ ۔ںیہ ےہر رک سوسحم یشوخ ےئوہ ےترک شیپ ہزئاج رصتخم کیا اک ںویمرگرس یلمع

یسایس یئایفارغج ۔اڑپ انرک انماس اک ؤاھڑچ راتا دیدش وک ںویڈنم یملاع یک یئاناوت ،نارود ےک تدم ہزئاج ریز ےک لیسرت یک لیت مہا ےس بس ےک ایند وج ،ایک رثاتم وک کفیرٹ یردنمس رپ زمرہ ےئانبآ ےن ےفاضا ںیم ؤانت سا ،ںیہ یتوہ ےس ےتسار یسا تادمآرد یک لیت دصیف 80 اًبیرقت یک ناتسکاپ ہکنوچ ۔ےہ کیا ےس ںیم ںوتسار دیدش کیا وک یئالپس ےیل ےک ںونود ےبعش ےک یئاناوت یکلم روا ںویڈنم یماوقالا نیب ےن ٹواکر سا ےیل ھتاس ےک یبایماک وک یئالپس یک لیت ماخ ےس ہقیرفا روا ہکیرما ےن ینپمک ،دوجواب ےک تالکشم نا ۔اید اکٹھج ۔ ایانب ینیقی وک لسلست ےک نشیرپآ ےک رک لمکم

رطاخ ںیم ںوتمیق یک لیت ماخ کرام چنیب روا یمک تسدربز ںیم مجح ےک لیت ماخ بایتسد ےس ہجو یک للخ سا 160 رک ھڑب ہدایز ےس دصیف 100 ،ہلاوح یدیلک اک ںوتمیق یک لیت ںیم ناتسکاپ ،ڈورک یئبد ۔اوہ ہفاضا ہاوخ ںوتمیق ۔ایگ چنہپ بیرق ےک لریب یف رلاڈ 170 نارود ےک جورع ےک نارحب روا ایگ رک زواجت ےس لریب یف رلاڈ ۔ایک ہفاضا ہاوخ رطاخ ںیم تایرورض یک لٹیپیک گنکرو ںیم تعنص یک لیت ےن ےفاضا یلومعم ریغ سا ںیم

میلورٹیپ ڈنئافیر ہکنویک یئآ یرتہب ںایامن ںیم سکمانکا گننئافیر ،ھتاس ےک ےفاضا ںیم ںوتمیق یک لیت ماخ کیرک ےس ہجو یک سج ،ںیھڑب ےس یراتفر زیت ںیم ےلباقم ےک ںوتمیق یک لیت ماخ ںیتمیق یک تاعونصم یک تاعونصم ےس ےطخ یجیلخ ،مہات ۔ںیم لزیڈ روا لورٹپ رپ روط صاخ ،یئوہ عیسوت ںایامن یک زڈیرپسا روا ںیحرش دنلب یک یرادرب لام ،میمیرپ ےئوہ ےھڑب ےک لیت ماخ ،لئاسم کٹسجال زین ،تالکشم ںیم تادمآرب ۔ایک رثاتم رپ روط یوزج وک تارثا تبثم ےک نجرام طوبضم ےن ںوتمیق دنلب یک ہمیب

ےئانبآ ےن یلمع تمکح گنسروس ڈورک لاعف یک ینپمک ینبم رپ ےنانب ظوفحم وک یئالپس ےس ہقیرفا روا ہکیرما ےتید عالطا ہی ںیمہ ۔ایک ادا رادرک مہا ںیم ےنھکر رارقرب وک زنشیرپآ یرنئافیر نارود ےک نارحب ےک زمرہ

ےس سج ایک ہفاضا ںیم ٹپ ورھت یرنئافیر نارود ےک ےصرع سا ےن ینپمک ہک ےہ یہر وہ یشوخ ےئوہ ۔الاڈ ہصح انپا ںیم تظافح یک یئاناوت یک کلم روا ایگ اید اراہس وک لسلست ںیم نیچ یئالپس لویف یک ناتسکاپ

ںایامن ںیم تایرورض یک لٹیپیک گنکرو یلاو ےنوہ ادیپ ےس ےنوہ انگود ںیم ںوتمیق یماوقالا نیب یک لیت

ورھت یرنئافیر ہی ۔یک شیپ یگدرکراک لنشیرپآ طوبضم کیا نارود ےک تدم سا ےن ینپمک دوجواب ےک ےفاضا

اوہ ےعیرذ ےک یگدرکراک رتہب ںیم زنشیرپآ ےک نیچ یئالپس روا باختنا رتہب ےک ٹیلس ڈورک ،ےفاضا ںیم ٹپ

روا یکلہ یک لیت ماخ سا ۔ایک سیسارپ وک لیت ماخ یکیرما لریب نیلم 5 اًبیرقت ےن ینپمک ،نارود ےک تدم سا ہفاضا ںیم عفانم ،ایانب رتہب وک راوادیپ یک تاعونصم ےن ٹیلس ڈورک یک سا ،ےس ہجو یک تایصوصخ یھٹیم ینپمک ،ہوالع ےک سا ۔ےہ اتوہ رہاظ ےس یندمآ یک تدم ہدوجوم ہک اسیج یک مہارف کچل لنشیرپآ ہدایز روا ایک ےک سج ،ایانب لباق وک دمآرد یک زوگراک ےڑب ےن لامعتسا ےک تلوہس (SPM) گنروم ٹنئاوپ لگنس یک ۔۔یئآ یرتہب ںیم نجرام روا یئوہ مک تگال ٹیرف لریب یف ںیم ےجیتن

(VLSFO) لئآ لویف رفلس ول یریو ےیل ےک زنشیرپآ گنرکنب نیریم رپ ںوہاگردنب یک رھب ناتسکاپ ےن ینپمک روا ےہ ایگ ایاھٹا ےس نواعت ےک ںوراد تکارش یتراجت یماوقالا نیب مدق ہی ۔ےہ ید رک عورش یھب یئالپس یک ۔ےہ عقوتم ہفاضا ںایامن ںیم مجح ںیم راودا ےلاو ےنآ

ہتشزگ وج ،یک لصاح تخورف یعومجم یک ےپور یناتسکاپ برع 336.1 ےن ینپمک ،نارود ےک تدم ہدوجوم عفانم گنٹیرپآ روا عفانم یعومجم ۔ےہ یترک یساکع یک ےفاضا دصیف 20 ںیم ےلباقم ےک تدم یسا یک لاس ےپور یناتسکاپ برع 26.1 روا (ےپور یناتسکاپ برع 4.9 :2025) ےپور یناتسکاپ برع 27.8 بیترتلاب 17.7 ےن ینپمک ،دوجواب ےک تارثا ےک سکیٹ رپس روا ٹیروپراک ۔اہر (ےپور یناتسکاپ برع 3.1 :2025) ہکوج ایامک (ےپور 3.22 : عفانم صصح یف ہدش لیلحت روا یداینب) عفانم سکیٹ زا دعب اک ےپور یناتسکاپ برع یف ہدش لیلحت روا یداینب) ےراسخ سکیٹ زا دعب ےک ےپور یناتسکاپ برع 1.1 ںیم تدم یسا یک لاس ہتشزگ یک لیت روا ہعزانت ہک ےہ یرورض انھجمس ہی ۔ےہ ںیم ےلباقم ےک (ےپور یناتسکاپ 0.20 :ہراسخ صصح ےس سا روا ںوتمیق یچنوا یک لیت ،اذہٰل ۔ےھت ےئوہ عورش ںیم زاغآ ےک چرام تارثا ےک سا رپ ںوتمیق یملاع ۔اگ ےئآ رظن ہدایز ںیم ںویہام ہس یلاو ےنآ رثا اڑب اک رز طارفا ہقلعتم

ناتسکاپ تموکح ،ےیل ےک ےناچب وک نیفراص یرخآ ےس ےفاضا ابرشوہ ںیم ںوتمیق یماوقالا نیب یک میلورٹیپ راک ہقیرط اک (PDC) میلک لئیشنرفڈ سئارپ ںیم طسو ےک چرام رپ روط ےک مادقا یلام یضراع کیا ےن 204 ےس ےپور 75 ںیتمیق یک PDC ےیل ےک (HSD) لزیڈ ڈیپسا یئاہ ،تحت ےک ماظتنا سا ۔ایارک فراعتم ۔ںیھت کت رٹیل یف ےپور 96 ےس ےپور 49 ےیل ےک (PMG) نیلوسیگ رٹوم میمیرپ روا ،کت رٹیل یف ےپور ،ےہ ایاقب ہصح کیا اک ںویلوصو PDC ،ںیہ ےکچ وہ لوصوم ےضواعم ھچک ےس فرط یک تموکح ہچرگا ۔ےہ اہر لاڈ ؤابد رپ ولف شیک ےک ینپمک وج

وج ،ںیہ یہراج یک ےط رپ ٹیر جنیچسکیا ٹیکرام نپوا ںایگیئادا یدمآرد مامت ،ےہ ایگ ایک رکذ ےلہپ ہک اسیج حرش طسوا یک (SBP) ناتسکاپ فآ کنیب ٹیٹسا ےلاو ےنوہ لامعتسا ںیم ےلومراف ےک ںوتمیق میلورٹیپ ہک

ےن تقباطم مدع سا یک نیعت ےک ںوتمیق ۔ںیہ ہدایز ےپور 3 ےس 2 ےس (weighted-average rate)

سا تموکح ہک ےہ دیما وک ینپمک ۔ےہ الاڈ رثا یفنم اک ےپور یناتسکاپ برع 1.5 اًبیرقت رپ عفانم ےک ینپمک ۔یگ ےرک لح ےسا روا یگ ےد ہجوت رپ ہلئسم ہنیرید

2023 زیرنئافیر ڈلیف نؤارب | گنٹسیزگیا فآ نشی ڈیرگپا راف یسیلاپ گننئافیر لئآ ناتسکاپ یرٹسڈنا گننئافیر ہک ںیہ ےترک دیما مہ ۔ںیہ لمع مرگرس ھتاس ےک تموکح ےیل ےک ےنرک لح وک تالماعم قلعتم ےس ذافن ےک ڈیرگ پا ڈنیلپ زیرنئافیر ہکات یگ ےرک مہارف لح راوگشوخ کیا روا یگ ےد ہجوت یروپ رپ ےلماعم سا تموکح ۔ںیکس ھڑب ےگآ ھتاس ےک ںوبوصنم ےک عیسوت روا

زرڈنیو | زرئالپس ،ںورادا یتایلام ،نیفراص لومشب ءاکرش ےک لمع یرابوراک ےرامہ روا ناتسکاپ تموکح ڈروب ۔ےہ اترک ادا ہیرکش ےس لد ہہت رپ نواعت ہدرک مہارف وک ینپمک ےس بناج یک زرڈلوہ رئیش روا

زرٹکیرئاڈ فآ ڈروب بناجنم و ےئارب

رٹکیرئاڈ رسیفآ وٹکیزگیا فیچ

یچارک

2026 لیرپا 28

The annexed notes form an integral part of these unconsolidated condensed interim financial information.

Cnergyico Pk Limited

Unconsolidated Condensed Interim Statement of Profit or Loss (Un-audited) For the period ended March 31, 2026

Nine months period ended Three months period ended

March 31, March 31, March 31, March 31,

2026 2025 2026 2025

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

The annexed notes form an integral part of these unconsolidated condensed interim financial information.

Cnergyico Pk Limited

Unconsolidated Condensed Interim Statement of Other Comprehensive Income (Un-audited) For the period ended March 31, 2026

Nine months period ended Three months period ended

Profit / (loss) after taxation 17,707,986 (1,110,546) 14,740,830 (2,763,284) Other comprehensive income - -

Total comprehensive income / (loss) for the period 17,707,986 (1,110,546) 14,740,830 (2,763,284)

The annexed notes form an integral part of these unconsolidated condensed interim financial information.

Cnergyico Pk Limited

Unconsolidated Condensed Interim Statement of Changes In Equity (Un-audited) For the period ended March 31, 2026

Capital Reserve Revenue Reserve

Issued, subscribed and paid up capital

Merger Reserves

Other Capital Reserve

Surplus on revaluation of operating assets

Accumulated Loss

Sub- total

Contribution

from shareholders

Total

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

Incremental depreciation relating to surplus on revaluation of property, plant and

equipment - net of tax -- -- -- (1,684,098) 1,684,098 -- -- --

Balance as at March 31, 2026 54,934,476 (21,959,629) 3,214,209 151,978,495 6,026,972 194,194,523 25,756,331 219,950,854

16 | P a g e

The annexed notes form an integral part of these unconsolidated condensed interim financial information.

The annexed notes form an integral part of these unconsolidated condensed interim financial information.

Cnergyico Pk Limited

Notes to the Unconsolidated Condensed Interim Financial Statements (Un-audited) For the period ended March 31, 2026

1. LEGAL STATUS AND NATURE OF BUSINESS

   1. Cnergyico Pk Ltd was incorporated in Pakistan as a public limited company on 09 January 1995 under the repealed Companies Ordinance, 1984 and was granted a certificate of commencement of business on 13 March 1995. The shares of the Company are listed on Pakistan Stock Exchange. The Company is a subsidiary of Bosicorco International Limited, Mauritius (the Parent Company). The Holding Company in turn is a subsidiary of Abasscico Busient Incorporated, Cayman Islands.

   2. The Company currently operates two business segments namely Oil Refinery Business and Petroleum Marketing Business. The Company has two refineries with an aggregate rated capacity of 156,000 bpd. Petroleum Marketing Business was formally launched in 2007 and has 479 (June 30, 2025 : 470) retail outlets across the country as at March 31, 2026.

   3. The Parent Company made an announcement on Pakistan Stock Exchange ("PSX") dated December 21, 2023 regarding potential scheme for restructuring of the Parent Company (the Scheme). The proposed draft scheme constitute of potential corporate reorganisation / restructuring of the Parent Company and its wholly owned subsidiaries, subject to completion and finalisation of the Scheme, obtaining all necessary members', creditors' and regulatory approvals, and the sanction of the Scheme by the High Court of Sindh at Karachi, along with fulfilment of related legal formalities in accordance with applicable laws. Through the said announcement the Board of Directors of the Parent Company in their meeting approved a draft scheme under Section 279 to 283 and 285 of the Companies Act, 2017, to be entered into between the Parent Company and its following wholly owned subsidiaries namely:

i) Bosicorco ORB 1 (Private) Limited (ORB 1) ii) Bosicorco ORB 2 (Private) Limited (ORB 2) iii) Bosicorco OMB 1 (Private) Limited (OMB) iv) Bosicorco OSB 2 (Private) Limited (OSB) v) Bosicorco CPB 1 (Private) Limited (CPB) and vi) Cnergyico lsomerate PK (Private) Limited (ISOM) laid before the Board of Directors of the Parent Company pertaining to the proposed scheme.

The Board has authorised the Parent Company inter alia to finalise and execute the Scheme and file a petition before the High Court of Sindh, Karachi.

The High Court of Sindh issued an order on February 6, 2024, mandating the conduct of meetings for the members and secured creditors of the Company. Accordingly Meeting with the members and creditors wer held on March 26, 2024 and November 26, 2024, during which said scheme of arrangement was placed before the members and crediors for consideration and approval, which was approved and adopted, along with modifications / amendments required or conditions imposed by the High Court of Sindh at Karachi.

1. BASIS OF PREPARATION

   1. Statement of compliance

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

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

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

   2. These unconsolidated condensed interim financial statements do not include all the information and disclosures required in annual financial statements and should be read in conjunction with the annual audited financial statements of the Company for the year ended June 30, 2025.

   3. This unconsolidated condensed interim financial information is un-audited and is being submitted to the shareholders as required by listing regulations of Pakistan Stock Exchange and section 237 of the Companies Act, 2017.

   4. These unconsolidated condensed interim financial statements is presented in Pakistan Rupees which is also the Company's functional currency and all financial information presented has been rounded off to the nearest thousand.

   5. The comparative balance sheet presented in these unconsolidated condensed interim financial information has been extracted from the unconsolidated audited financial statements of the Company for the year ended June 30, 2025.

2. ACCOUNTING POLICIES

   1. The accounting policies and the methods of computation used in the preparation of these condensed interim financial statements are the same as those applied in the preparation of the Company's annual audited financial statements for the year ended June 30, 2025 except as disclosed otherwise.

3. ACCOUNTING ESTIMATES AND JUDGEMENTS

   The preparation of this unconsolidated condensed interim financial information in conformity with approved accounting standards requires management to make estimates, assumptions and use judgements that affect the application of policies and reported amounts of assets and liabilities and income and expenses. Estimates, assumptions and judgements are continually evaluated and are based on historical experience and other factors, including reasonable expectations of future events. Revisions to accounting estimates are recognised prospectively commencing from the period of revision.

   Estimates and judgements made by management in the preparation of these unconsolidated condensed interim financial statements are the same as those that were applied to the annual unconsolidated financial statements of the Company for the year ended 30 June 2025, except as disclosed otherwise.

4. PROPERTY, PLANT AND EQUIPMENT Notes

   (Un-audited) (Audited)

   March 31, June 30,

   2026 2025

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

   Operating fixed assets	5.1	237,701,132	242,504,615
   Capital work in progress - at cost	5.2	46,881,195	44,227,161
   ROU asset	5.3	1,293,750	1,184,807
   		285,876,077	287,916,583

   1. Additions in operating fixed assets including transfer from CWIP

      (Un-audited) (Un-audited)

      March 31, March 31,

      2026 2025

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

      Plant and machinery	-	4,839
      Furnitue and fixtures	5,810	1,672
      Filling stations	3,707	20,668
      Vehicles	97,573	4,567
      Computer and allied equipments	42,621	11,455
      	149,711	43,201

   2. During the period, the additions in capital work-in-progress amounted to Rs. 2,803.744 million (March 31, 2025: Rs. 3,770.299 million). Transfer from CWIP to operating fixed assets and intangible amounted to Rs. 149.711 million (March 31, 2025 : Rs. 22.533 million).

   3. During the period, the additions in right-of-use assets amounted to Rs. 366.255 million (March 31, 2025: Rs 108.613 million).

6

1. CONTINGENCIES AND COMMITMENTS

   1. Contingencies

      There are no material change in the status of contingencies from what is disclosed in note 27 to the annual audited unconsolidated financial statements for the year ended June 30, 2025.

   2. Commitments

      The status for commitments is same as disclosed in unconsolidated financial statements for the year ended June 30, 2025 except

      (Un-audited) (Audited)

      March 31, June 30,

      2026 2025

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

      Commitments for capital expenditure 4,979,091 6,178,331

2. TRANSACTIONS AND BALANCES WITH RELATED PARTIES

   The related parties comprise of ultimate parent company, parent company, associated companies, directors, key management personnel, staff provident fund and staff gratuity fund. All transactions involving related parties arising in the normal course of business are conducted at agreed terms and conditions. Details of transactions and balances with related parties during the period are as follows:

   1. Transactions with related parties

      (Un-audited)

      March 31, March 31,

      2026 2025

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

      Subsidiary Companies: Rent income	302	302
      Services	687,155	114,985
      Markup charged	56,669	61,990
      Buoy charges - Net of right of way	272,139	249,005
      Associated companies: Sales	23,634,887	--
      Purchases	23,715,621	4,271,828
      Markup charged - secured	257,023	415,554
      - unsecured	365,398	505,362
      Others Retirement Benefit Funds	220,014	154,795
      Key management personnel	313,894	324,792

   2. Balances with related parties

      (Un-audited) (Audited)

      March 31, June 30,

      2026 2025

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

      Parent Company

      Contribution from shareholder 5,276,392 5,276,392

      Subsidiary Companies

      Receivable against expenses incurred - net 1,878,345 1,682,101

      Loans and advances 758,780 728,780

      Payable against services 68,469 58,288

      Associated Companies

      Trade debts 3,234,354 --

      Accrued markup - secured 65,595 119,378

      Loan payable - secured 1,600,000 1,750,000

      Contribution from shareholder 20,479,939 20,479,939 Short term borrowings -- 1,914,281

      Payable against purchases and services 8,959,796 4,133,177

      Others

      Payable to key management person -- 93

      Payable to post employment benefit funds 1,532,702 1,320,213

3. FINANCIAL RISK MANAGEMENT, OBJECTIVES AND POLICIES

   The Company's activities expose it to a variety of financial risks. These unconsolidated condensed interim financial statements do not include all financial risk management information and disclosures which are required in the annual financial statements and should be read in conjunction with the annual financial statements of the Company for the year ended June 30, 2025. There have been no changes in any risk management policies since the year end.

4. FAIR VALUE OF ASSETS AND LIABILITIES

   There were no transfers amongst levels during the period.

5. OPERATING SEGMENTS

   For management purposes, the Company has determined following reportable operating segments on the basis of business activities i.e. oil refining and petroleum marketing. Oil refining business is engaged in crude oil refining and selling of refined petroleum products to oil marketing companies. Petroleum marketing business is engaged in trading of petroleum products, procuring products from oil refining business as well as from other sources.

   Oil Refining

   Petroleum Marketing

   Total

   March 31,		March 31,	March 31,	March 31,	March 31,	March 31,
   2026		2025	2026	2025	2026	2025
   ---------------------------------------------------- (Rupees in '000) ------------------------------------------------
   Sales to ext. customers	161,121,820	137,412,336	100,734,052	80,658,011	261,855,872	218,070,347
   Inter-segment sales	97,544,454	78,846,689	--	--	97,544,454	78,846,689
   Eliminations	(97,544,454)	(78,846,689)	--	--	(97,544,454)	(78,846,689)
   Total revenue 161,121,820 137,412,336 100,734,052 80,658,011 261,855,872 218,070,347
   Result
   Segment profit	23,810,131	1,489,933	2,141,592	1,658,636	25,951,723	3,148,569
   Unallocated expenses: Finance costs					(2,551,495)	(3,750,098)
   Other expenses					--	(385,930)
   Interest income	110,549 381,528
   Profit / (loss) before taxation	23,510,777 (605,931)
   Minimum taxes	-- (1,192,486)
   Income tax	(5,802,791) 687,871
   Profit / (loss) after taxation	17,707,986 (1,110,546)

   Other Information

   Depreciation/Amortisation 5,081,062 5,008,427 134,687 128,122 5,215,749 5,136,549

   All non-current assets of the Company as at March 31, 2026 and 2025 are located in Pakistan.

   1. This includes export sales amounting to Rs. 18,202.826 million (March 31, 2025: Rs. 20,426.842 million).

6. SHARIAH DISCLOSURES UNDER CLAUSE VII OF PART I OF SCHEDULE IV OF THE COMPANIES ACT, 2017

   As per the requirements of the fourth schedule to the Act, Shariah compliant companies and companies listed on the Islamic Index shall disclose the following:

   (Un-audited) (Audited)

   March 31, June 30,

   2026 2025

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

   Loans / advances obtained as per Islamic mode	Not applicable	Not applicable
   Long term shariah compliant investments	18,169,968	18,169,968
   Shariah Compliant Bank Balances	201,207	358,094
   Accured markup on conventional loans	949,022	1,661,730

   (Un-audited)

   March 31, March 31,

   2026 2025

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

   Revenue earned from Shariah Compliant business segments	261,855,872	218,070,347
   Gain or loss earned on Shariah compliant investments	Not applicable	Not applicable
   Profit earned from Shariah-compliant bank balances	45,307	197,994
   Exchange gain earned	Not applicable	Not applicable
   Markup paid on is lamic mode of financing	Not applicable	Not applicable
   Profit earned on conventional loan	56,669	61,990
   Finance costs on conventional mode of financing	1,984,562	2,994,923

   The Company has relationship with Askari Bank Limited, Bank Islami Pakistan Limited, Al Baraka Bank, United Bank Limited, Dubai Islamic Bank Pakistan Limited, Meezan Bank, Faysal Bank and Bank of Punjab being Islamic Banks.

7. DATE OF AUTHORIZATION FOR ISSUE

This unconsolidated condensed interim financial statements was authorised for issue on April 28, 2026 by the Board of Directors of the Company.

Cnergyico Pk Limited

Consolidated Condensed Interim Statement of Financial Position As at March 31, 2026

ASSETS Notes

(Un-audited) (Audited)

March 31, June 30,

2026 2025

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

The annexed notes form an integral part of these consolidated condensed interim financial statements.

Cnergyico Pk Limited

Consolidated Condensed Interim Statement of Profit or Loss Account (Un-audited) For the period ended March 31, 2026

Nine months period ended Three months period ended

March 31, March 31, March 31, March 31,

2026 2025 2026 2025

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

The annexed notes form an integral part of these consolidated condensed interim financial statements.

Cnergyico Pk Limited

Consolidated Condensed Interim Statement of Other Comprehensive Income (Un-audited) For the period ended March 31, 2026

Nine months period ended Three months period ended

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

Profit / (loss) after taxation 17,103,337 (1,758,208) 14,352,758 (3,001,149) Other comprehensive income - - - -Total comprehensive Income / (loss) for the period 17,103,337 (1,758,208) 14,352,758 (3,001,149)

The annexed notes form an integral part of these consolidated condensed interim financial statements.

Cnergyico Pk Limited

Consolidated Condensed Interim Statement of Changes In Equity (Un-audited) For the period ended March 31, 2026

Capital Reserve Revenue Reserve

Contribution

Non-

Issued,

subscribed and paid up capital

Merger Reserves

Other Capital Reserve

Surplus on

revaluation of operating assets

Accumulated

Loss

Sub- total

from shareholder s

Controlling Interest -NCI

Total

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

27 | P a g e

The annexed notes form an integral part of these consolidated condensed interim financial statements.

Cnergyico PK Limited

Consolidated Condensed Interim Statement of Cash Flows (Un-audited) For the period ended March 31, 2026

March 31, March 31,

2026 2025

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

The annexed notes form an integral part of these consolidated condensed interim financial statements.

Cnergyico PK Limited

Notes To The Consolidated Condensed Interim Financial Statements (Un-audited) For the period ended March 31, 2026

1. LEGAL STATUS AND NATURE OF BUSINESS

   1. The "Group" consist of:

      Holding Company

      1. Cnergyico Pk Limited - the Holding Company

         The Holding Company was incorporated in Pakistan as a public limited company on January 09, 1995 under the Companies Act, 2017 and was granted a certificate of commencement of business on March 13, 1995. The shares of the Company are listed on Pakistan Stock Exchange. The Holding Company is a subsidiary of Bosicorco International Limited, Mauritius (the Parent Company). The Parent Company in turn is a subsidiary of Abasscico Busient Incorporated, Cayman Islands (the Ultimate Parent Company).

         The Holding Company currently operates two business segments namely Oil Refinery Business and Petroleum Marketing Business. The Holding Company has two refineries with an aggregate rated capacity of 156,000 bpd. Petroleum Marketing Business was formally launched in 2007 and has 479 (June 30, 2025: 470) retail outlets across the country as at March 31, 2026.

         Subsidiary Companies

      2. Cnergyico Isomerate PK (Private) Limited (CIPL)

         CIPL was incorporated in Pakistan as a private limited company under the repealed Companies Ordinance, 1984 on May 14, 2014. CIPL is principally engaged in blending, refining and processing of petroleum naphtha to produce petroleum products such as premium motor gasoline.

      3. Bosicorco OSB 1 (Private) Limited

         Bosicorco OSB 1 (Private) Limited (the Company) was incorporated as a public unlisted company in Pakistan on August 19, 2005 and was subsequently converted into a private limited company on April 27, 2011, under the Companies Act 2017. The principal activity of the Company is serving as a mooring point for offloading liquid products through the Single Buoy Mooring (SBM).

      4. Bosicorco CPB 1 (Private) Limited

         Bosicorco CPB 1 (Private) Limited (the Company) was incorporated in Pakistan as a private limited company under the Companies Act, 2017 on October 27, 2022. The company is principally engaged in refining, buying and selling basic drugs, phyto chemicals, laboratory and other chemicals used in different industries.

      5. Bosicorco OMB 1 (Private Limited

         Bosicorco OMB 1 (Private) Limited (the Company ) was incorporated in Pakistan as a private limited company under the Companies Act, 2017 on October 27, 2022. The company is principally engaged in acquisition, distribution, marketing and selling, import ad export all kinds of petroleum and petroleum products.

      6. Bosicorco ORB 1 (Private) Limited

         Bosicorco ORB 1 (Private) Limited (the Company) was incorporated in Pakistan as a private limited company under the Companies Act, 2017 on October 25, 2022. The company is principally engaged in refining of crude oil to produce petroleum products like PMG, HSD, Kerosene Oil, furnace oil and other petroleum products.

      7. Bosicorco ORB 2 (Private) Limited

         Bosicorco ORB 2 (Private) Limited (the Company) was incorporated in Pakistan as a private limited company under the Companies Act, 2017 on October 27, 2022. The company is principally engaged in refining of crude oil to produce petroleum products like PMG, HSD, Kerosene Oil, furnace oil and other petroleum products.

      8. Bosicorco OSB 2 (Private) Limited

         Bosicorco OSB 2 (Private) Limited (the Company) was incorporated in Pakistan as a private limited company under the Companies Act, 2017 on October 27, 2022. The company is principally engaged in refining of crude oil to produce petroleum products like PMG, HSD, Kerosene Oil, furnace oil and other petroleum products.

      9. Bosicorco Essential Service (Private) Limited

         Bosicorco Essential Service (Private) Limited (the Company) was incorporated in Pakistan as a private limited company under the Companies Act, 2017 on July 6, 2023. The company is principally engaged in material management, event management, disaster response services, canteen and cafeteria service, janitorial services, fumigation, import, export, and to set up, establish, run and manage family entertainment centers that are par with family amusement standards worldwide.

      10. Stunner Security Services (Private) Limited

      During last year, Bosicorco Essential Service (Private) Limited acquired 100% equity of Stunner Security Services (Private) Limited. The company is incorporated in Pakistan under The Companies Ordinance, 1984 vide CUIN 005652 dated 4th October 2005. Company is mainly engaged in business to provide security services to commercial and industrial organizations against robbery, violence and other crimes.

   2. Potential restructuring of the Company

      The Parent Company made an announcement on Pakistan Stock Exchange ("PSX") dated December 21, 2023 regarding potential scheme for restructuring of the Parent Company (the Scheme). The proposed draft scheme constitute of potential corporate reorganisation / restructuring of the Parent Company and its wholly owned subsidiaries, subject to completion and finalisation of the Scheme, obtaining all necessary members', creditors' and regulatory approvals, and the sanction of the Scheme by the High Court of Sindh at Karachi, along with fulfilment of related legal formalities in accordance with applicable laws. Through the said announcement the Board of Directors of the Parent Company in their meeting approved a draft scheme under Section 279 to 283 and 285 of the Companies Act, 2017, to be entered into between the Parent Company and its following wholly owned subsidiaries namely:

      1. Bosicorco ORB 1 (Private) Limited (ORB 1) ii) Bosicorco ORB 2 (Private) Limited (ORB 2) iii) Bosicorco OMB 1 (Private) Limited (OMB) iv) Bosicorco OSB 2 (Private) Limited (OSB) v) Bosicorco CPB 1 (Private) Limited (CPB) and vi) Cnergyico lsomerate PK (Private) Limited (ISOM) laid before the Board of Directors of the Parent Company pertaining to the proposed scheme.

         The Board has authorised the Parent Company inter alia to finalise and execute the Scheme and file a petition before the High Court of Sindh, Karachi.

         The High Court of Sindh issued an order on February 6, 2024, mandating the conduct of meetings for the members and secured creditors of the Company. Accordingly Meeting with the members and creditors wer held on March 26, 2024 and November 26, 2024, during which said scheme of arrangement was placed before the members and crediors for consideration and approval, which was approved and adopted, along with modifications / amendments required or conditions imposed by the High Court of Sindh at Karachi.

2. Statement of compliance

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

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

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

   1. Basis of Consolidation

      These consolidated condensed interim financial statements include the financial statements of the Holding Company and its subsidiaries.

      A company is a subsidiary, if the Holding Company directly or indirectly controls, beneficially owns or holds more than fifty percent of its voting securities or otherwise has power to elect and appoint more than fifty percent of its directors.

      Subsidiaries are consolidated from the date on which the Group obtains control, and continue to be consolidated until the date when such control ceases.

      The financial statements of the subsidiaries are prepared for the same reporting period as the Holding Company, using consistent accounting policies. The accounting policies of the subsidiaries have been changed to conform with accounting policies of the Group, where required.

      All intra-group balances, transactions and unrealised gains and losses resulting from intra-group transactions and dividends are eliminated in full.

      Where the ownership of a subsidiary is less than hundred percent and therefore, a non-controlling interest (NCI) exists, the NCI is allocated its share of the total comprehensive income of the period, even if that results in a deficit balance.

      A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. If the Group loses control over a subsidiary, it derecognises the assets (including goodwill) and liabilities of the subsidiary, carrying amount of any NCI, cumulative translation differences recognised in other comprehensive income, and recognises fair value of consideration received, any investment retained, surplus or deficit in profit or loss, and reclassifies the Group's share of components previously recognised in other comprehensive income to profit or loss.

      The assets, liabilities, income and expenses of subsidiary companies are consolidated on a line by line basis and carrying value of investments held by the Holding Company is eliminated against the subsidiary companies' shareholders' equity in these consolidated condensed interim financial statements.

   2. Business Combinations

      Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree's identifiable net assets. Acquisition-related costs are expensed as incurred and included in administrative expenses,if any.

      The Group determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired process is considered substantive if it is critical to the ability to continue producing outputs, and the inputs acquired include an organised workforce with the necessary skills, knowledge, or experience to perform that process or it significantly contributes to the ability to continue producing outputs and is considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs.

      When the Group acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions at the acquisition date.

      Any contingent consideration to be transferred by the acquirer will be recognised at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9 Financial Instruments, is measured at fair value with the changes in fair value recognised in the statement of profit or loss in accordance with IFRS 9. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

      Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, then the gain is recognised in profit or loss.

      After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group's cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units.

   3. These consolidated condensed interim financial statements do not include all the information and disclosures required in annual financial statements and should be read in conjunction with the annual audited financial statements of the Group for the year ended June 30, 2025.

   4. These consolidated condensed interim financial statements are un-audited and is being submitted to the shareholders as required by listing regulations of Pakistan Stock Exchange and section 237 of the Companies Act, 2017.

   5. These consolidated condensed interim financial statements are presented in Pakistan Rupees which is also the Group's functional currency and all financial information presented has been rounded off to the nearest thousand.

   6. The comparative balance sheet presented in these consolidated condensed interim financial statements has been extracted from the consolidated audited financial statements of the Group for the year ended June 30, 2025.

3. SIGNIFICANT ACCOUNTING POLICIES

   1. The accounting policies and the methods of computation applied in the preparation of these consolidated condensed interim financial statements are the same as those applied in the preparation of the Group's annual audited financial statements as at and for the year ended June 30, 2025. Certain new IFRS and amendments to existing IFRS are effective for periods beginning on or after July 1, 2025, which do not have any impact on the Group's financial reporting and therefore have not been detailed in these consolidated condensed interim financial statements.

   2. The Group follows the practice of conducting actuarial valuation annually at the year end. Hence, the impact of re-measurement of post-employment benefit plans has not been incorporated in these consolidated condensed interim financial statements.

4. ACCOUNTING ESTIMATES AND JUDGEMENTS

   The preparation of this consolidated condensed interim financial information in conformity with approved accounting standards requires management to make estimates, assumptions and use judgements that affect the application of policies and reported amounts of assets and liabilities and income and expenses. Estimates, assumptions and judgements are continually evaluated and are based on historical experience and other factors, including reasonable expectations of future events. Revisions to accounting estimates are recognised prospectively commencing from the period of revision.

   Estimates and judgements made by management in the preparation of these consolidated condensed interim financial statements are the same as those that were applied to the annual consolidated condensed financial statements of the Group for the year ended June 30, 2025, except as disclosed otherwise.

   (Un-audited)	(Audited)
   March 31,	June 30,
   2026	2025

5. PROPERTY, PLANT AND EQUIPMENT

   Notes

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

   Operating fixed assets 5.1 274,676,248 280,267,931

   Capital work in progress 5.2 46,881,195 44,227,161

   Right-of-use assets 5.3 1,293,750 1,184,807

   322,851,193 325,679,899

   1. Additions in operating fixed assets including transfer from CWIP

      (Un-audited) (Un-audited)

      March 31, March 31,

      2026 2025

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

      Plant and machinery	-	26,839
      Furniture, fixtures and equipments	15,542	9,964
      Filling stations	3,707	20,668
      Vehicles	107,074	4,567

      Computer and allied equipments 42,621 11,455

      168,944 73,493

   2. During the period, the additions in capital work-in-progress amounted to Rs. 2,803.744 million (March 31, 2025: Rs. 3,770.299 million). Transfer from CWIP to operating fixed assets and intangible amounted to Rs. 149.711 million (March 31, 2025 : Rs. 22.533 million).

   3. During the period, the additions in right-of-use assets amounted to Rs. 366.255 million (March 31, 2025: Rs 108.613 million).

      (Un-audited)	(Audited)
      March 31,	June 30,
      2026	2025

6. STOCK IN TRADE

   Notes

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

   6.1

   6.2

   6.3

   Raw material 6.1 74,454,542 24,914,138

   Finished products 6.2 & 6.3 26,969,105 12,147,092

   101,423,647 37,061,230

   This includes raw material in transit amouting to Rs. 54,183.585 million (June 30, 2025: Rs. 14,542.093 million) as at the balance sheet date.

   Finished Product has been written down by Rs. Nil million (June 30, 2025: Rs. 4.42 million) to net realiseable value.

   This includes finished products held by third parties amounting to Rs. 7,538.303 million (June 30, 2025: Rs. 7,395.131 million).

7. CONTINGENCIES AND COMMITMENTS

   1. Contingencies

      There are no material change in the status of contingencies from what is disclosed in note 27 to the annual audited consolidated financial statements for the year ended June 30, 2025.

   2. Commitments

      The status for commitments is same as disclosed in annual audited consolidated financial statements for the year ended June 30, 2025 except for:

      The status for commitments is same as disclosed in annual audited consolidated financial statements for the year ended June 30, 2025 except for:

      (Un-audited) (Audited)

      March 31, June 30,

      2026 2025

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

      Commitments for capital expenditure 4,979,091 6,178,331

8. TRANSACTIONS AND BALANCES WITH RELATED PARTIES

   The related parties comprise of ultimate parent company, parent company, associated companies, directors, key management personnel, staff provident fund and staff gratuity fund. All transactions involving related parties arising in the normal course of business are conducted at agreed terms and conditions. Details of transactions and balances with related parties during the period are as follows:

   1. Transactions with related parties

      Associated companies:

      (Un-audited) (Un-audited)

      March 31, March 31,

      2026 2025

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

      Sales	23,643,115	--
      Purchases	23,715,621	4,271,828
      Markup charged - Secured	257,023	415,554
      - Unsecured	365,398	505,362
      Retirement benefit funds	220,014	154,795
      Key management personnel remuneration	324,522	324,792
      	(Un-audited)	(Audited)
      	March 31, 2026	June 30, 2025

   2. Balances with related parties ----------(Rupees in '000)------------

      Parent Company

      Contribution from shareholder 5,276,392 5,276,392

      Associated Companies

      Trade debts	3,242,089	--
      Accrued markup - secured	65,595	119,378
      Loan payable - secured	1,600,000	1,750,000
      Contribution from shareholder	20,479,939	20,479,939
      Short term borrowings	--	1,914,281
      Payable against purchases and services	8,959,796	4,133,177
      Others Payable to key management person	--	93
      Payable to post employment benefit funds	1,532,702	1,320,213

9. FINANCIAL RISK MANAGEMENT, OBJECTIVES AND POLICIES

   The Group's activities expose it to a variety of financial risks. There have been no changes in any risk management policies since the year end.

10. FAIR VALUE OF ASSETS AND LIABILITIES

    There were no transfers amongst levels during the period.

11. OPERATING SEGMENTS

    For management purposes, the Group has determined following reportable operating segments on the basis of business activities i.e. oil refining and petroleum marketing. Oil refining business is engaged in crude oil refining and selling of refined petroleum products to oil marketing companies. Petroleum marketing business is engaged in trading of petroleum products, procuring products from oil refining business as well as from other sources.

    Oil Refining

    Petroleum Marketing

    Total

    March 31,		March 31,	March 31,	March 31,	March 31,	March 31,
    2026		2025	2026	2025	2026	2025
    ------------------------------------------------- (Rupees in '000) ---------------------------------------------
    Sales to ext. customers	161,130,261	137,412,336	100,734,052	80,658,011	261,864,313	218,070,347
    Inter-segment sales	97,544,454	79,440,036	--	--	97,544,454	79,440,036
    Eliminations	(97,544,454)	(79,440,036)	--	--	(97,544,454)	(79,440,036)

    Total revenue 161,130,261 137,412,336 100,734,052 80,658,011 261,864,313 218,070,347

    Result
    Segment profit	23,186,205	835,300	2,141,592	1,658,636	25,327,797	2,493,936
    Unallocated expenses: Finance costs					(2,551,495)	(3,750,174)
    Other expenses					--	(401,544)
    Interest income Profit / (loss) before taxation	53,880 22,830,182					319,538 (1,338,244)
    Minimum taxes	(53,096)					(1,236,877)

    Income tax (5,673,749) 816,913

    Profit / (loss) after taxation 17,103,337 (1,758,208)

    Other Information

    Depreciation/Amortisation 5,889,846 5,813,263 134,687 128,122 6,024,533 5,941,385

    All non-current assets of the Group as at March 31, 2026 and 2025 are located in Pakistan.

    1. This includes export sales amounting to Rs. 18,202.826 million (March 31, 2025: Rs. 20,426.842 million).

12. SHARIAH DISCLOSURES UNDER CLAUSE VII OF PART I OF SCHEDULE IV OF THE COMPANIES ACT, 2017

    As per the requirements of the fourth schedule to the Act, Shariah compliant companies and companies listed on the Islamic Index shall disclose the following:

    (Un-audited) (Audited)

    March 31, June 30,

    2026 2025

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

    Loans / advances obtained as per Islamic mode Long term shariah compliant investments	Not applicable Not applicable	Not applicable Not applicable
    Shariah Compliant Bank Balances	214,200	366,931
    Accured markup on conventional loans	949,022	1,661,730
    	(Un-audited)	(Un-audited)
    	March 31,	March 31,
    	2026	2025
    ----------(Rupees in '000)------------
    Revenue earned from Shariah Compliant business segments	261,864,313	218,070,347
    Gain or loss earned on Shariah compliant investments	Not applicable	Not applicable
    Profit earned from Shariah-compliant bank balances	45,307	197,994
    Exchange gain earned	Not applicable	Not applicable
    Markup paid on is lamic mode of financing	Not applicable	Not applicable
    Profit earned on conventional loan	Not applicable	Not applicable
    Finance costs on conventional mode of financing	1,984,562	2,994,923

    The Company has relationship with Askari Bank Limited, Bank Islami Pakistan Limited, Al Baraka Bank, United Bank Limited, Dubai Islamic Bank Pakistan Limited, Meezan Bank, Faysal Bank and Bank of Punjab being Islamic Banks.

13. GENERAL

    1. Figures in these condensed interim financial statements have been rounded off to the nearest thousand rupees unless otherwise stated.

    2. Corresponding figures and balances have been rearranged reclassified, wherever considered necessary, for the purpose of comparison, the effects of which are not material.

14. DATE OF AUTHORIZATION FOR ISSUE

These consolidated condensed interim financial statements were authorised for issue on April 28, 2026 by the Board of Directors of the Group.

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