Dandot Cement Co. Ltd.PSX: DNCC

Transmission of Quarterly Report for the Period Ended March 31, 2026

· Issued by Dandot Cement Co. Ltd.


‌3rd

Quarter Report March 31, 2026 DANDOT CEMENT COMPANY LIMITED

‌2

Company Information

3

Directors' Report to the Shareholders

6

Condensed Statement of Financial Position

8

Condensed Interim Statement of Profit or Loss Account

9

Condensed Interim Statement of Comprehensive Income

10

Condensed Interim Cash Flow Statement

11

Condensed Interim Statement of Changes in Equity

12

Notes to the Condensed Interim Financial Statements

20

Directors' Report to the Shareholders (Urdu)

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‌COMPANY INFORMATION

Board of Directors (BOD)

Muhammad Farooq Naseem Chairman of BOD Mrs. Roohi Farooq Naseem

Taha Muhammad Naseem Chief Executive Zaka Muhammad Naseem

Jehanzeb Choudry Murtaza Yousuf Mandviwala Hamid Mahmood

Zafar ud Din Mahmood Hassan Javed

Audit Committee

Zafar ud Din Mahmood Member / Chairman

Muhammad Farooq Naseem Member

Hamid Mahmood Member

Human Resouces & Remuneration Committee

Murtaza Yousuf Mandviwala Member / Chairman

Muhammad Farooq Naseem Member

Taha Muhammad Naseem Member

Chief Financial Officer

Muhammad Kamran

Statutory Auditors

Parker Russell - A.J.S. Chartered Accountants, Faisalabad

Company Secretary

Muhammad Kamran

Legal Advisor

International Legal Services

Bankers

The Bank of Punjab United Bank Limited National Bank of Pakistan Habib Bank Limited Bank Alfalah Limited BankIslami Pakistan Limited Bank Al-Habib Limited Askari Bank Limited

JS Bank Limited Meezan Bank Limited Bank Makramah Limited Allied Bank

Registered Office

5-Zafar Ali Road, Gulberg V, Lahore. Telephone: +92-42-35758614-15

Factory

Dandot R.S., Distt. Jhelum.

Telephone: +92-544-211371, Fax: +92-544-211490

Share Registrar

Corplink (Pvt.) Limited.

Wings Arcade 1-K-Commercial, Model Town, Lahore. Telephone: +92-42-35839182, Fax: +92-42-35869037

Website

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https://www.dandotcement.com

‌Quarter Ended March 31,2026 |Unaudited Condensed Financial Statements

On behalf of the Board of Directors of Dandot Cement Company Limited, I am pleased to present the unaudited condensed financial statements for the quarter ended March 31, 2026. The period reflects continued operational resilience, meaningful improvement in financial performance year-on-year, and steady progress on our strategic growth agenda.

  1. PRINCIPALACTIVITY

    Dandot Cement Company Limited is a Pakistan Stock Exchange-listed company engaged in the manufacturing and sale of cement. Our operations are anchored in delivering high-quality cement while continuously improving cost efficiency, process reliability, and environmental sustainability.

  2. OPERATIONAL PERFORMANCE

    During the quarter under review, the Company delivered solid operational results:

    Production & Sales

    Volume (Metric Tons)

    Clinker Produced

    328,030

    Cement Produced

    350,420

    Cement Sold

    347,258

    The near-complete conversion of produced cement into sales reflects strong market execution and effective inventory management.

  3. FINANCIAL RESULTS

    The Company demonstrated meaningful year-on-year improvement across all key financial metrics during the quarter:

    Financial Metric

    Mar-2026

    Mar-2025

    Gross Sales

    PKR 8.0 billion

    PKR 6.9 billion

    Net Sales

    PKR 5.21 billion

    PKR 4.49 billion

    Gross Profit

    PKR 513.14 million

    PKR 376.31 million

    Operating Profit

    PKR 465.06 million

    PKR 327.42 million

    Net Loss

    PKR (70.49) million

    PKR (99.31) million

    Loss Per Share-Basic

    PKR (0.22)

    PKR (0.31)

    The Company achieved year-on-year growth in gross sales of approximately 16%, and gross profit improved by approximately 36%, reflecting greater cost discipline and improved plant utilization after the completion of our BMR. The net loss narrowed by 29% compared to the same period last year, a trend we are committed to continue in the periods ahead.

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    Nonetheless, the Company reported a pre-tax loss during the quarter. This was primarily attributable to compressed retention margins per bag and persistently elevated input costs most notably coal, whose price volatility continues to weigh on margins. In response, management is actively diversifying its coal sourcing strategy and optimizing the fuel mix to reduce exposure to commodity price fluctuations. No dividend has been recommended for this period.

  4. ‌STRATEGIC INITIATIVES & CAPITAL PROJECTS

    The Company's strategic priorities are squarely focused on cost reduction, energy efficiency, and sustainable growth. The following key initiatives are underway:

    • 5 MW Solar Power Project: A solar energy project is at the final contract signing stage. Once commissioned, it will materially reduce our dependence on grid electricity and lower per-unit energy costs.

    • Waste Heat Recovery (WHR) System: Active evaluation is underway for the installation of a WHR system to capture and convert exhaust heat from the cement plant into usable power, further improving our energy efficiency and sustainability profile.

    • Cement Grinding Optimization: Ongoing work to optimize grinding operations is improving process reliability, reducing downtime, and enhancing product quality consistency.

    • Capital Raising: To finance these projects, the Company is engaged with investors and financial institutions to raise the requisite capital. We remain committed to structuring this in a manner that preserves long-term shareholder value.

      These initiatives collectively demonstrate the Company's commitment to operational excellence, cost leadership, and environmental responsibility.

  5. INDUSTRY OVERVIEW & MARKET OUTLOOK

    Domestic Market

    Pakistan's domestic cement market delivered strong performance during of fiscal year 2026, with industry-wide domestic dispatches growing 10% as compared to the previous period. This sustained recovery is being driven by reviving construction activity, declining interest rates, and improving macroeconomic conditions.

    Export Market

    Export volumes remained resilient during the quarter, showing a modest growth of 6% over the previous period. Despite the temporary Pakistan-Afghanistan border closure in October 2025, the industry maintained export momentum and adapted by exploring alternative markets and improving supply chain flexibility.

    Overall Industry Performance & Outlook

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    Total offtake in 9MFY26 rose 10% bolstered by local demand surge of 11% with modest contribution of 6% from exports. This rebalancing has traditionally favored the bottom lines of producers who enjoy significantly higher pricing power at home than in competitive exports markets.

  6. ‌PRINCIPAL RISKS & MITIGATION

    The Company operates in a dynamic environment and remains vigilant to the following key risks:

    • Afghan Border Closure: The border closure since October 2025 has halted Afghan cement exports and disrupted coal supply chains for northern producers. We are transitioning to alternative coal sources and monitoring bilateral developments closely. A reopening of the border would represent a meaningful upside catalyst for both exports and input costs.

    • Retention Price Pressure: Industry-wide cement bag prices remain under pressure due to competitive dynamics and demand variability. We are focused on volume efficiency, production cost reduction, and market positioning to protect margins.

    • Government Infrastructure Spending: Continued public sector development investment is critical to sustaining domestic demand. We are encouraged by the current government's infrastructure commitments and are closely monitoring budget allocations to align our capacity planning accordingly.

    • Macroeconomic & Political Uncertainty: Broader macroeconomic and geopolitical factors, including regional tensions, continue to create an uncertain operating environment. We are managing this through financial discipline, operational agility, and proactive stakeholder engagement.

  7. SUBSEQUENT EVENTS

    There were no material subsequent events to be disclosed in the relevant notes to the unaudited condensed financial statements.

  8. ACKNOWLEDGEMENT

On behalf of the Board, I wish to express our sincere gratitude to all stakeholders our shareholders, banking partners, employees, suppliers, distributors, and regulators for their unwavering support, trust, and cooperation. Your continued confidence in Dandot Cement, particularly during challenging periods, is deeply valued. We remain fully committed to delivering sustainable growth and long-term value for all.



MUHAMMAD FAROOQ NASEEM

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Chairman / Director Lahore: April 28, 2026

TAHA MUHAMMAD NASEEM

Chief Executive / Director

‌EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES

Ordinary shares of PKR.10 each

Condensed Statement of Financial Position

(Un-Audited) (Audited)

Mar 31, 2026 June 30, 2025

5,000,000

3,163,551

1,603,161

(5,724,051)

3,029,781

1,739,303

3,811,746

2,692,669

270,958

540,256

119,973

-2,304,163

21,836

5,949,855

1,257,119

1,156,960

1,082

20,322

193,355

546,570

1,075,000

491,300

98,975

-

4,840,683

-

14,602,284

Note (Rupees in thousand)

5,000,000

Issued, subscribed and paid up share capital 4

Share premium reserve Accumulated loss

Revaluation surplus on property, plant and equipment

Due to related parties 5

NON CURRENT LIABILITIES

Long term financing from banking companies 6

Government grant Lease liabilities

Payable to provident fund trust

Other loans and liabilities 7

Deferred liabilities 8

Long term advances and deposits

CURRENT LIABILITIES

Trade and other payables

Deposits, accrued liabilities and advances Unclaimed dividend

Payable to provident fund trust Mark up accrued

Short term financing from banking companies

Short term financing from related parties 11

Current portion of non current liabilities Current portion of government grant Provision for taxation

CONTINGENCIES AND COMMITMENTS 9

3,163,551

1,603,161

(5,724,001)

3,100,222

1,739,303

3,882,237

2,711,889

343,300

557,363

141,901

-2,352,367

21,836

6,128,656

1,377,367

875,945

1,082

8,967

189,286

298,898

745,000

505,221

108,235

-

4,110,001

-

14,120,894

The annexed notes from 1 to 15 form an integral part of these condensed interim financial statements.





TAHA MUHAMMAD NASEEM

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Chief Executive

MUHAMMAD KAMRAN

Chief Financial Officer

‌As at March 31, 2026

ASSETS

NON CURRENT ASSETS

PROPERTY, PLANT AND EQUIPMENT

((Un-Audited) (Audited)

Mar 31, 2026 June 30, 2025

Note (Rupees in thousand)

Operating fixed assets 10

Capital work in progress Intangible assets

Long term deposits and prepayments

CURRENT ASSETS

Stores, spares and loose tools Stock in trade

Trade debts Loans and advances

Trade deposits, short term prepayments and Current account balances with statutory Authorities

Cash and bank balances

11,928,483

11,641,127

10,460

696

59,190

11,711,472

1,515,880

293,981

243,365

67,581

-

-749,126

20,878

2,890,812

14,602,284

10,460

808

59,190

11,998,941

1,094,228

233,472

233,350

37,086

-

-353,218

170,599

2,121,953

14,120,894



ZAKA MUHAMMAD NASEEM

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Director

Nine Month ended

Third Quarter ended

March 31

2026

March 31

2025

March 31

2026

March 31

2025

‌Condensed Interim Statement of Profit or Loss Account (Un-Audited) For the Period ended March 31, 2026

Sales

Local sales

Less: Excise duty

Sales tax Commission / discount

Net sales Cost of sales

Gross profit

Operating expenses Distribution cost Administrative expenses

Operating profit / (loss)

Other operating income / (expenses) - net

(Rupees in thousand) (Rupees in thousand)

8,027,177

6,912,485

3,052,084

2,254,079

1,389,031

1,172,711

527,534

396,981

1,425,597

1,242,206

533,104

396,263

5,850

5,432

2,084

1,842

2,820,479

2,420,349

1,062,723

795,086

5,206,699

4,492,135

1,989,361

1,458,992

(4,693,562)

(4,115,821)

(1,772,728)

(1,328,376)

513,136

376,314

216,633

130,616

(9,914)

(10,277)

(3,478)

(550)

(38,160)

(38,616)

(10,664)

(12,690)

(48,074)

(48,893)

(14,142)

(13,240)

465,063

327,421

202,491

117,376

2,458

(1,839)

(4,083)

(245)

467,520

325,582

198,408

117,130

(496,463)

(476,638)

(158,190)

(148,018)

(28,943)

(151,056)

40,218

(30,888)

(65,162)

(56,227)

(24,896)

(18,263)

(94,105)

(207,283)

15,322

(49,150)

-

-

-

-

23,614

107,969

(14,436)

43,523

23,614

107,969

(14,436)

43,523

(70,491)

(99,314)

886

(5,627)

(0.22)

(0.31)

0.00

(0.02)

Finance costs

(Loss) / profit before levy and taxation

Levy

(Loss) / profit before taxation

Taxation:

Current Deferred

Loss after taxation

Earnings Per Share- Basic and Diluted

The annexed notes from 1 to 15 form an integral part of these condensed interim financial statements.





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Chief Executive

MUHAMMAD KAMRAN

Chief Financial Officer

ZAKA MUHAMMAD NASEEM

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For the Period ended March 31, 2026

(Rupees in thousand)

(Rupees in thousand)

Loss for the period

(99,314)

(5,627)

Other comprehensive income

-

-

Total comprehensive loss for the period

(5,627)

886

(99,314)

(70,491)

886

-

(70,491)

-

‌Condensed Interim Statement of Comprehensive Income (Un-Audited)

Nine Month ended

Third Quarter ended

March 31

2026

March 31

2025

March 31

2026

March 31

2025

The annexed notes from 1 to 15 form an integral part of these condensed interim financial statements.





TAHA MUHAMMAD NASEEM

Chief Executive

MUHAMMAD KAMRAN

Chief Financial Officer

ZAKA MUHAMMAD NASEEM

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Director

‌Condensed Interim Cash Flow Statement (Un-Audited) For the Period ended March 31, 2026

March 31, 2026 March 31, 2025

(30,494)

(179,828)

20,878

(6,267)

(118,344)

(20,627)

281,015

(28,943)

786,016

757,073

(555,450)

201,623

-

(350,475)

(430,095)

(281,243)

(8,993)

289,367

170,599

(149,720)

(1,904)

-

330,000

(35,232)

(52,215)

99,000

247,672

-(299,858)

296,349

113

(60,509)

(1,256)

(3,749)

-

10,053

52,420

329,954

104,035

(420,395)

(8,993)

-

(Rupees in thousand)

CASH FLOWS FROM OPERATING ACTIVITIES

Loss before taxation

Adjustment of items not involving movement of cash:

Depreciation Amortization

Reversal of allowance for impairment Reversal of provision of slow moving and obsolete stock Trade payable written off Exchange loss on retranslation of foreign creditors Unwinding of lease Unwinding of provident fund mark up Unwinding of long term finances

Finance cost

Net cash generated/(used) before working capital changes

(Increase)/Decrease in operating assets: Stores, spares and loose tools Stock in trade

Trade Debts Loans and advances

Trade deposits, short term prepayments and current account balances with statutory authorities

Increase / (decrease) in current liabilities: Trade and other payables Deposits, accrued liabilities and advances Payable to Provident fund trust

Cash generated/(used) in operations

Long term deposits and prepayments Finance cost paid

Income tax paid

Net Cash Generated/(Used) In Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed capital expenditure

Un-allocated capital expenditure

Net Cash Used Investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Receipts from due to related parties Long term financing paid to banking companies Long term financing received from banking companies Short term financing received from banking companies Short term financing paid to banking companies Short term financing received from related parties Other loans and liabilities repaid- net Payment of lease liabilities

Net Cash Inflows From Financing Activities Net Increase in Cash and Cash Equivalents Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period

(151,056)

306,620

-

113

-1,966

53,540

454

9,807

359,795

103,221

835,516

684,460

(126,375)

(209,363)

1,133

(29,068)

23,386

(479,689)

282,185

(9,599)

(547,390)

137,070

(2,500)

(244,159)

(124,592)

(234,180)

(46,188)

85

(46,103)

(232,117)

15,000

50,000

3,869

505,000

-

(40,906)

-

300,846

20,563

21,724

42,287



The annexed notes from 1 to 15 form an integral part of these condensed interim financial statements.



TAHA MUHAMMAD NASEEM

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Chief Executive

MUHAMMAD KAMRAN

Chief Financial Officer

ZAKA MUHAMMAD NASEEM

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‌Condensed Interim Statement of Changes in Equity (Un-Audited)

Share Capital

Capital Reserve

Revenue Reserves

Capital Reserve

Due to related parties

Total

Share premium reserve

Accumulated loss

Revaluation surplus on property, plant and equipment

For the Period ended March 31, 2026

<- - - - - - - - - - - - - - - - Rupees in thousand >

Balance as at June 30, 2024 - Audited

3,163,551

1,603,161

(5,669,654)

3,199,013

1,724,303

4,020,374

Total comprehensive loss for the period

-

-

(99,314)

-

-

(99,314)

Loan received during the period

-

-

-

-

15,000

15,000

Incremental depreciation on revaluation

surplus on property, plant and

equipment - net of deferred tax - - 49,395 (49,395) - -

Balance as at March 31, 2025

- Unaudited

3,163,551

1,603,161

(5,719,573)

3,149,618

1,739,303

3,936,060

Balance as at June 30, 2025 - Audited

3,163,551

1,603,161

(5,724,001)

3,100,222

1,739,303

3,882,237

Total comprehensive loss for the period

-

-

(70,491)

-

-

(70,491)

Loan received during the period

-

-

-

-

-

-

Incremental depreciation on revaluation

surplus on property, plant and

equipment - net of deferred tax - - 70,441 (70,441) - -

3,163,551

1,603,161

(5,724,051)

3,029,781

1,739,303 3,811,746

Balance as at March 31, 2026

- Unaudited

The annexed notes from 1 to 15 form an integral part of these condensed interim financial statements.





TAHA MUHAMMAD NASEEM

Chief Executive

MUHAMMAD KAMRAN

Chief Financial Officer

ZAKA MUHAMMAD NASEEM

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Director

‌Notes to the Condensed Interim Financial Statements (Un-Audited) For the Period ended March 31, 2026
  1. THE COMPANYAND ITS OPERATIONS

    The Company is a public limited company incorporated in Pakistan and is listed on Pakistan Stock Exchange. The Company started its production on 1983 and has been engaged in production and selling of cement. Since 2019, the company is a subsidiary of Calicom Industries (Pvt.) Limited (Holding Company) and acquired under the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The registered office of the company is situated at 5-Zafar Ali Road, Gulberg - V, Lahore. The factory is situated at Dandot Railway Station, District Jhelum, Pakistan.

  2. BASIS OF PREPARATION

    1. Statement of Compliance

      These condensed interim financial statements of the Company for the period ended March 31, 2026 have been prepared in accordance with the accounting and reporting standards applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:

      • International Accounting Standard 34, 'Interim Financial Reporting' (IAS 34), issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017 (the Act); and

      • Where the provisions of and directives issued under the Companies Act, 2017.

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

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

    3. Functional and Presentation Currency

      These condensed interim financial statements have been prepared and presented in Pakistani Rupee which is the Company's functional and presentation currency.

  3. SIGNIFICANT ACCOUNTING POLICIES

    The accounting policies and methods of computation adopted in the preparation of these condensed interim financial statements are consistent with those applied in the preparation of the annual audited financial statements for the year ended June 30, 2025 except those which are disclosed in these financial statements.

    1. Accounting Estimates And Judgements

      The preparation of interim financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts. Actual results may differ from these judgements, estimates and assumptions.

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      Judgements and estimates made by the management in the preparation of these condensed interim financial statements are the same as those applied in the annual audited financial statements of the Company for the year ended June 30, 2025.

      ‌Note (Un-audited) (Audited)

  4. ISSUED, SUBSCRIBED AND PAID UP SHARE CAPITAL

    CAPITAL

    3,076,051

    87,500

    3,163,551

    1,529,303

    210,000

    1,739,303

    3,076,051

    87,500

    3,163,551

    1,529,303

    210,000

    1,739,303

    307,605,132 (2025: 307,605,132) ordinary shares of PKR. 10 each fully paid in cash

    8,750,000 (2025: 8,750,000) ordinary shares of PKR. 10 each issued as bonus shares

  5. DUE TO RELATED PARTIES

    Un-secured and interest free

    Loan from holding company- Calicom Industries (Private) Limited

    Loan from associated company 5.1

    1. On 31 October 2023, the Company entered an arrangement with Tetra Engineering Private Limited for interest free loan of PKR. 500,000,000 in installments, from time to time, to complete the BMR and to support the working capital requirements of the Company. The loan will be converted into equity at a pre-determined price.

      2,286,061

      851,196

      3,137,257

      (405,270)

      (39,318)

      2,692,669

      1,308,911

      748,124

      229,026

      2,286,061

      (204,504)

      (32,000)

      2,049,557

  6. LONG TERM FINANCING FROM BANKING COMPANIES

    Demand finance facility - From The Bank of Punjab (BOP) 6.1

    Temporary economic refinance facility (TERF) 6.2

    Less: Current portion

    Payable within next 12 months Overdue

    1. Demand Finance Facility - From The Bank of Punjab (BOP)

      Demand finance facility - DF 1 Demand finance facility - DF 2

      Demand finance facility - DF 3 (For BMR)

      Less: Current portion

      Payable within next 12 months Overdue

      2,232,404

      920,073

      3,152,477

      (405,270)

      (35,318)

      2,711,889

      1,354,137

      738,863

      139,404

      2,232,404

      (204,504)

      (28,000)

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      1,999,900

    2. ‌Temporary Economic Refinance Facility (TERF)

      from:

      - The Bank of Punjab

      595,313

      665,625

      - BankIslami Pakistan Limited

      216,797

      244,827

      - Bank Al-Habib Limited

      187,830

      211,992

      - JS Bank Limited

      221,191

      249,165

      Loan

      March 31, 2026 March 31, 2025 (Rupees in thousand)

      (Un-audited) (Audited)

      Less: Impact of Government Grant

      Less: Current portion

      Payable within next 12 months Overdue

      1,371,609

      1,221,130

      (369,933)

      851,196

      (200,766)

      (7,318)

      643,113

      (451,536)

      920,073

      (200,766)

      (7,318)

      711,989

    3. There is no change in terms and condition of these loans which are disclosed in financial statements for the year ended June

      30, 2025.

  7. OTHER LOANS AND LIABILITIES - Unsecured

    LOANS:

    35,232

    (35,232)

    294

    294

    (294)

    (294)

    -

    1,496,296

    807,867

    2,304,163

    From Economic Affairs Division,

    Government of Pakistan (EAD)

    Less: Paid during the period OTHER LIABILITIES:

    Peace agreement arrears

    Less: Current Portion Overdue Overdue

  8. DEFFERED LIABILITIES

    Long term financing from related parties Deferred taxation

  9. CONTIGENCIES AND COMMITMENTS

    35,232

    -

    294

    35,526

    (35,526)

    (35,526)

    -

    1,520,886

    831,481

    2,352,367

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    There has been no significant change in contingencies and commitments since the date of preceding published annual financial statements as at June 30, 2025 and period december 31, 2025.

    ‌(Un-audited) (Audited)

    12,242,169

    96,263

    12,338,432

    (409,948)

    11,928,483

    11,928,483

    8,993

    11,937,476

    (296,349)

    11,641,127

  10. OPERATING FIXED ASSETS

    Opening fixed assets at WDV Additions

    Less: depreciation

  11. TRANSACTIONS WITH RELATED PARTIES

    All transactions with related parties have been properly disclosed in the relevant notes of these un-audited condensed financial statements except transactions carried out during the period as follows:

    March 31, June 30,

    2026 2025

    (Rupees in thousand)

    90,809

    115,400

    310,000

    160,000

    9,120

    180,000

    -

    -

Name Relationship Nature of transaction (Un-audited) (Audited) Calicom Industries Private Ltd Associated Company

due to common director Markup accrued

Markup paid Loan Received

161,973

-775,000

Digital World Pakistan Private Ltd Associated Company

due to common director Loan Repaid Sales of goods

120,000

-

DWP Technologies (Private) Limited Associated Company

due to common director Loan Received

Loan Repaid

50,000

50,000

Tetra Engineering Private Limited Associated Company

due to common director Loan convertible in equity

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15,000

  1. ‌FINANCIAL RISK MANAGEMENT

    The Company's financial risk management objectives and policies are consistent with those disclosed in the preceding audited annual published financial statements of the Company for the year ended June 30, 2025.

  2. CORRESPONDING FIGURES

    Corresponding figures have been rearranged and reclassified, wherever necessary, for the purpose of comparison. However, no significant rearrangements or reclassifications have been made in these condensed interim financial statements.

  3. DATE OF AUTHORIZATION FOR ISSUE

    These condensed interim financial statements were authorized for issue on April 28, 2026 by the Board of Directors of the company.

  4. GENERAL

Figures have been rounded off the nearest thousands of Pakistan Rupee (PKR / Rupees).





TAHA MUHAMMAD NASEEM

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Chief Executive

MUHAMMAD KAMRAN

Chief Financial Officer

ZAKA MUHAMMAD NASEEM

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