Financial Results for the Quarter Ended 30-06-2025

‌August 27, 2025

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

We have to inform you that the Board of Directors of our Company in their meeting held at Karachi and thru Video Conference on Wednesday August 27, 2025 at 10:30 a.m. have reviewed and approved the Condensed Interim (Unconsolidated and Consolidated) 2'dQuarterly Accounts - 2025 (Un-audited) for the six-months period ended June 30, 2025 and declared the following:

CASH DIVIDEND

Second Interim Cash Dividend for the six-months period ended June 30, 2025 @ Rs. 1.5/- per share

i.e. 15%. This is in addition to First Interim Dividend already paid at Rs. 1.50 per share i.e. 15% for the First Quarter ended March 31, 2025.

The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on September 3, 2025.

The Share Transfer Books of the Company will be closed on September 4, 2025. Transfers received by our Share Registrar CDC Share Registrar Services Limited, CDC House, 99-B, Block 'B', S.M.C.H.S., Main Shahrah-e-Faisal, Karachi-74400 at the close of business on September 3, 2025 will be treated in time for the purpose of above entitlement to the transferees.

A copy of the Unconsolidated and Consolidated Condt:nsed Interim Statements of Financial Position, Profit and Loss Account, Other Comprehensive Income, Cash Flows and Changes in Equity for the six-months period ended June 30, 2025 are enclosed.

EFU General insurance Ltd

EFU House, M.A. Jinnah Road, P.O. Box 5005, Karachi-74000.

Phone: 92-21-32313471-90, Fax: 92-21-32310450, Email: info @ efuinsurance.com

GENERAL

The Accounts of the Company for the period ended June 30, 2025 will be transmitted through

PUCARS within the specified time.

Yours sincerely

Amin 1

Company Secretary

c.c. Commissioner, Insurance Division SECP, Islamabad Fax 051-9100471 & 9100428

c.c. Director/HOD, Surveillance, Supervision and Enforcement Department, SECP, NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad. Fax 051-9100440.

‌Unconsolidated Condensed Interim Statement of Financial Position

As at 30 June 2025 (Unaudited)

30 June 31 December

2025

(Unaudited)

2024

(Audited)

(Restated)

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

Unconsolidated Condensed Interim Profit and Loss Account

For the six months period ended 30 June 2025 (Unaudited)

Three months period ended Six months period ended 30 June 30 June 30 June 30 June

2025 2024 2025 2024

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

(Rupees in '000)

Net insurance premium

Net insurance claims

Net commission and other acquisition costs

3 569 963 3 592 287

(1 139 720) (1 081 931)

(637 202) (616 757)

7 327 113 7 146 242

(2 397 960) (2 392 988)

(1 295 502) (1 242 212)

Insurance claims and acquisition expenses

Management expenses Underwriting results

(1 776 922) (1 698 688) (3 693 462) (3 635 200)

(965 427) (904 394) (1 884 633) (1 797 393)

827 614 989 205 1 749 018 1 713 649

Investment income Rental income Other income Other expenses

616320

36 970

98 815

(61671)

660918

29950

156158

(58 365)

1026 610

67998

195 895

(122433)

1776 698

63043

307471

(119 700)

Results of operating activities Finance cost

Profit from window takaful operations - Operator's Fund Profit before tax

Taxation Current Deferred

Profit after tax

Earnings (after tax) per share - Rupees

690434 788 661 1168 070 2027512

1518 048 1777 866 2 917 088 3 741161

(4 380) (4 277) (8 990) (7 919)

160936 157857 320101 333399 1674 604 1931 446 3 228199 4 066 641

65 034 3 77g o3 76 g og3 (647 887) (755 564) (1 257 820) (1 589 316)

1 026 717 1 175 882 1 970 379 2 477 325

5.13 5.88 9.85 12.39

Unconsolidated Condensed Interim Statement of Comprehensive Income

For the six months period ended 30 June 2025 (Unaudited)

Three months period ended Six months period ended 30 June 30 June 30 June 30 June

2025 2024 2025 2024

(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Rupees in '000)

Total items that may be reclassified subsequently to profit and loss account

Unrealised (loss) / gain on available-for-sale investments during the period - net

Unrealised gain on available-for-sale investments during the period - subsidiary - net

Unrealised (loss) / gain on available for sale investment from window takaful operations - Operator's Fund - net

Total unrealised (loss) gain on available-for-sale investments - net

Effect of translation of foreign branches

Other comprehensive (loss) / income for the period Total comprehensive income for the period

b) Other operating activities Income tax paid

Other operating payments Other operating receipts Loans advanced

Loans repayments received

Net cash flow used in other operating activities Total cash flow used in all operating activities Investment activities

Profit / return received

Dividend received

Rentals received net of expenses paid Payment for investments

Proceeds from investments Fixed capital expenditures

Proceeds from sale of property and equipment Total cash flow generated from investing activities Financing activities

Payments against lease liabilities Dividends paid

Net cash flow generated from / (used in) all activities Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period

Reconciliation to the condensed interim profit and loss account Operating cash flows

Depreciation / amortisation expense Finance cost

Profit on disposal of property and equipment Profit on disposal of investments

Rental income Dividend Income

Other investment (loss) / income

Loss on remeasurement of investments at held for trading Profit on deposits

Other income / (loss)

Increase / (decrease) in assets other than cash (Increase) / decrease in liabilities other than borrowings

Profit after tax from conventional insurance operations Profit from window takaful operations - Operator's Fund Profit after tax

(927 579) (1 435 806)

(100 613) (189 962)

2346 921 1 475 089

(31 007) 30 953)

3| {1 66 88)|7 (1 372 632)

(1397 795) (1 403 585)

848 513 (118 458)

2 063 198 2581 405

2 911711 2 462 947

(100 613) (189 962)

(178 328) (158 374)

(8 990) (7 919)

89 942 42 062

296 608 12 564

67 998 63 043

889 528 749 271

(36 486) 1 015 031

(123 040) (167)

105 294 266 728

659 (1 319)

4 689 262 (3 074 688)

(4 041 556) 3 427 656

1650 278 2 143 926

320 101 333 399

1970 379 2 477 325

EFU GENERAL INSURANCE LIMITED

Unconsolidated Condensed Interim Statement of Changes in Equity

For the six months period ended 30 June 2025 (Unaudited)

o«rIbutable to equity holders of Me Company

Capltal reserve Revenue reserves

Share capKal Reeerve for Unreallsed Exchange Unreallsed galn General reserve Unappropdated Total exceptlonal gain / (loes) on tranelatton on fair value of profit

loasea revaluaflon of reserve Investment available-for•eale property Inveatmente - net

- - (Rupees In '000) -

Balance as at 1 January . 2024

Total comprehensive Income

for the pedod ended 30 June 2024

Profit after tax

Other comprehensive income

2 000 000 12 902

662 892 195 722 1 802 531 13 000 000 2 733 704 20 407 751

Transferred from surplus on revaluation of propeny and equipment on account of incremental depreciation - net of tax Transactions with owners recorded

dlrectly In equity

Final dividend for the year 2023

at the rate of Rs. 5.50 (55.00°/») per share

1st Interim dividend paid for the year 2024

4 914 4 914

(1 100 000) (1 100 000)

Balance as at 1 January 2025

Total comprehensive Income

for the period ended 30 June 2026

Pront after tax

Other comprehensive loss

2 000 000 12 802

14 000 000

J209197 24169828

Transferred from surplus on revaluation of property and equipment on account of incremental depreciation - net of tax Transactions with owners recorded

directly In equity

Final dividend for the year 2024

at the rate of Rs. 5.50 (55.00°/‹) per share

1st Interim dividend paid for the year 2025

at tne rate of Rs. 1.50 (15.00'r») per share

Other transfer wlthln equity

(44 726) 6 979 - • 1 970 379 1 932 630

6 940 6 940

(ii00000) (1100000)

(300 000) (300 000)

Transfer to general reserve

1 967 061

Balance as at 30 June 2026 (unaudited)

1 000 000

(1 000 000)

Consolidated Condensed Interim Statement of Financial Position

As at 30 June 2025 (Unaudited)

Assets

Property and equipment

Intangible assets including goodwill Investment properties

Investments Equity securities Debt securities

Term deposits

Open-ended mutual funds Loans and other receivables

Insurance / reinsurance receivables

Reinsurance recoveries against outstanding claims Salvage recoveries accrued

Deferred commission expense Retirement benefit

Taxation - payments less provision Prepayments

Cash and bank

Total assets of window general takaful operations Total assets

Equity and liabilities

Ordinary share capital Reserves Unappropriated profit

Equity attributable to equity holders of parent Non-controlling interest

Total equity

Surplus on revaluation of property and equipment Liabilities

Insurance liabilities - life insurance business Underwriting provisions - general insurance business

31 December

30 June 2o24

202a (Audited)

(Unaudited) (Restated)

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

9 973 643 9 882 972

3 407 115 3 556 100

3 462 112 3 462 112

59 571539 52 546 031

203 620 155 206 603 076

1 034 746 1 013 163

8 500 156 6 512 010

6 160 322 5 291518

14 459 431 9 025 969

8 019 083 8 596 247

82521 92600

1 005 226 1510828

1750 1680

614199 794 827

12 364 926 10 864 107

9 062 472 7 387 415

341339 396 327 140 655

7 544 210 8 171782

348 883 606 335 312 437

2 000 000 2 000 000

19 934 432 18 975 730

2 034 726 1962 523

23 969 158 22 938 253

5 526 567 5 677 325

29 495 725 28 615 578

2 308 643 2 333 439

250 721 315 242 256 860

Outstanding claims including IBNR Unearned premium reserves Unearned reinsurance commission

Retirement benefit obligations Deferred taxation

Premium received in advance Insurance / reinsurance payables Other creditors and accruals

12 290 464

18 074 377

274 594

57309

4 618 325

2 608 418

13 566 159

8 934 709

13 029 997

18 315 194

329 486

80 936

4 935 999

2 355 594

8 022 899

8 288 939

Total liabilities

Total liabilities of window takaful operations Total equity and liabilities

Contingencies and commitments

60 424 355 55 359 044

311 145 670 297 615 904

342 950 038 328 564 921

5 933 568 6747 516

348 883 606 335 312 437

Consolidated Condensed Interim Profit and Loss Account

For the six months period ended 30 June 2025 (Unaudited)

30 June 30 June 30 June 30 June

2025 2024 2025 2024

(Unaudited) (Unaudited) (Unaudited) (Unaudited)

(Restated) (Restated)

• • • • • • • • • • • • • • • • • • • • • • • • • ( R e e i ^ • • • • • • • • • • • • • • • • • • • •.

Net insurance premium

Net insurance claims expenses

Net commission and other acquisition costs

15 060 655 11 872 037

(12 454 983) (10 686 518)

(3 249 154) (2 150 688)

31 224 301 24 292 118

(25 864 860) (21 857 836)

(6 431 403) (4 415 390)

Insurance claims and acquisition expenses Management expenses

Underwriting results

(15 704 137) (12 837 206) (32 296 263) (26 273 226)

(2 149 751) (2 205 801) (4 180 634) (4 150 321)

(2 793 233) (3 170 970) (5 252 596) (6 131 429)

Investment income

Net realised fair value gains on financial assets Net fair value gains on financial assets at fair value

through profit and loss

Net change in insurance liabilities (other than outstanding claims)

Rental income Other income Other expenses

8 015 695

328 631

2 043 721

(5 170 165)

36 970

132234

(100205)

21 418 857

266 617

5 507 001

(15 960 809)

63 043

494 170

(150890)

Results of operating activities Finance cost

Profit from window takaful operations

5 286 881 6 061249 10303 740 11637 989

2493 648 2890279 5 051144 5 506 560

(43 896) (23 376) (68 962) (44 704)

- General Operator's fund Profit before tax

160 936

2 610 688

157 857

3 024 760

320 101

5 302 283

333 399

5 795 255

Taxation Profit after tax

Profit attributable to:

(1 074 865) (1 236 521) (2 269 665) (2 508 612)

1 535 823 1 788 239 3 032 618 3 286 643

Equity holders of the parent Non-controlling interest

Earnings per share • Rupees

1 249 022

6.25

1 412 236

7.06

2 468 787

2 534 832

12.67

Consolidated Condensed Interim Statement of Comprehensive Income

For the six months period ended 30 June 2025 (Unaudited)

Three months period ended Six months period ended

30 June

(Unaudited)

30 June

2024

(Unaudited)

30 June

30 June

2024

(Unaudited)

(Restated) (Rupees in '000)

(Restated)

Profit after tax

Other comprehensive (loss) / income

Total items that may be reclassified subsequently to profit and loss account

281 842

Unrealised (loss) / gain in available-for-sale investments during the period - net

Reclassification adjustments relating to available-for-sale investments disposed of during the period

1 535 823

1 788 239

3 032 618

3 286 643

723 529

Total comprehensive income attributable to:

EFU General Insurance Limited

Consolidated Condensed Interim Statement of Changes in Equity

Forbesixmonbspadodended300une2025(Unzuditmd)

Attnbutabie to aqulty noloera of tne company

Balance as at 01 January 2024

Total comprehensive Income

for the pedod ended 30 June 2024

Profit after tax (Restated) Other comprehensive income

Transferred from surplus on revaluation of property and equipment on account of

Rupees In '000)

2000000 12 902 614 826 195 722 1 802 531 13 000 000

1 424 395 18 050 376 4 327 868 23 378 244

2 534 832 3 246 029

758 242 4 0Dd 271

incremental depreciation - net of tax

Acquisition of NCI without a Mange in control Transactlons wlth owners recorded

dlrectly In equity

Final dividend for the year 2023

14 357

(4 008)

14 357 11 002 25 359

(4 008) 682 597 678 589

at the rate of Rs. 5.50 (55.00'X<) per share Final dividend for the year 2023

at the rate of Rs. 10.50 (105.00°/») per share - -

1st Interim dividend paid for the year 2024 atthe fdt6 of Rs. 1.50 (15.00Y») per share

1st Interim dividend paid for the year 2024

at the rate of Rs. 1.50 (15.00°/») per share Other transfer wlthln equity

(1 100 000) (1 100 000) (1 100 000)

- - (551 764) (551 764)

(300 000) (300 000) - (300 000)

- - (87 924) (87 924)

Transfer from general reserve Balance as at 30 June 2024 (Restated)

1 000 000 « ooo ooo›

2 000 000 12 902 1 330 260 191 485 1 802 531 14 000 000 1 569 576 20 906 7S4 5 J40 021 26 0a6 775

Balance as at 01 January 2026

2 000 000

12 802

2 804 003 181 764 1 987 081 14 000 000

Adlustmente refer to note no 3 -aalance as at of January zozs lrestatea) z ooo ooo

Total comprehensive Income

-

2468787

24274B9

859386 2986874

for the period ended 30 June 2O26 Profit afier tax

Other comprehensive loss

Transferred from surplus on revaluation

of property and equipment on account of incremental depreciation - net of tax

Acquisition of NCI without a chan9e in control Transactions wkh owners recorded

directly In equity

Final dividend for the year 2024

12 902

2 604 003 191 764 1 987 061 14 000 000

(1 213) (1 213) (1 469) (2 682)

1 962 623 22 938 263 5 677 326 26 616 678

16 067 16 067 9 739 24 786

III 641I ‹11 641l let 3ee) t<2 e1ot

at the rate of Rs. 5.50 (55.00°/») per share

Final dividend for the year 2024

at tha rate of Rs. 10.50 (105.00°/») per share 1st Interim dividend paid for the year 2025

at the rate of Rs. 1.50 (15.009'») per share

1st Interim dividend paid for the year 2025

at the rate of Rs. 1.50 (15.00s») per snare Other transfer wlthln equity

Transfer to general reserve

1 000 000

(1 100 000) (1 100 000)

(1 000 000)

(1 100 000)

(602 930) (602 030)

(300 000)

Balance as at 30 June 2025

2 000 000 12 902

2 755 726 196 743 1 987 061 16 000 000

2 034 728 23 969 166 6 626 687 29 496 725