February 13, 2026
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Subject: Financial Results for the year ended December 31, 2025 - Consolidated and Standalone - Engro Polymer & Chemicals Limited ("Company")
Dear Sir,
We would like to inform you that the Board of Directors of our Company, Engro Polymer & Chemicals Limited in their meeting held on Friday, February 13, 2026, have reviewed and approved the financial results for the year ended December 31, 2025 and recommended the following:
CASH DIVIDENDNIL
BONUS SHARESNIL
RIGHT SHARESNIL
The audited financial results of the Company (consolidated and standalone) for the year ended December 31, 2025, are enclosed. The Annual General Meeting of the Company is scheduled to be held Monday, April 27, 2026, in Karachi, Pakistan.
Book closure dates for Ordinary Shares:The Share Transfer Books of the Company will remain closed from Monday, April 20, 2026 to Monday, April 27, 2026 (both days inclusive). The transfers received in order at the office of the Company's share registrar, M/s. FAMCO Shares Registration (Private) Limited, 8-F, near hotel Faran, Block 6, PECHS, Shahra-e-Faisal, Karachi PABX Nos. (92-21) 34380101-5 and email
Engro Polymer & Chemicals Limited
8th Floor, The Harbour Front Building, HC-3, Marine Drive, Block 4, Clifton, Karachi, Pakistan.
UAN: 92 (21) 111-411-411 FAX: 92 (21) 35166865
www.engropolymer.cominfo.shares@famcosrs.com by the close of business on Friday, April 17, 2026, will be treated to have been in time for the purposes of attending and vote at the meeting.
The annual report of the Company for the year ended December 31, 2025, will be transmitted through PUCARS separately, within the specified time and shall also be made available on our website https://www.engropolymer.com.
Sincerely,
For and on behalf of
Engro Polymer & Chemicals Limited
Saqib Rafique, FCA Company Secretary
Cc: Director/HODListed Companies Department, Supervision Division Securities and Exchange Commission of Pakistan NIC Building, 63 Jinnah Avenue,
Blue Area, Islamabad
Engro Polymer & Chemicals Limited
8th Floor, The Harbour Front Building, HC-3, Marine Drive, Block 4, Clifton, Karachi, Pakistan.
UAN: 92 (21) 111-411-411 FAX: 92 (21) 35166865
www.engropolymer.comAnnexure A-1
ENGRO POLYMER AND CHEMICALS LIMITED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025
(Amounts in thousand)
Note
2025
2Q24
ASSETS
Non-Current Assets
Rupoes
Propeñy, plant a zd equipmenI Right-of-use asset
Intangible assets
Long-tern loans, advances and deposits
Current Aasets
Stores, spares and loose tools
Stock-In-trade Trade debls
Loans, advances, deposlls, prepaymenls and other receivables
Income tax recoverable Short-term Inveslments cash and fianh balances
TOTAL ASSETS
EQUITY AND LIABILITIES
EQuityOid|nary share capital Preference shares Share premium Unappropriated profile
Non-Current Llabllltles
Long-teim borrowings Government granl Lease liabilities
Deferred lay liabillly - net
Current Llabilities
Grade and other payables Service benefil obligalions
Current p0rtlon of long-lerm borrowings Current portlon of government grant Current portion of lease liabilitiee
Short-term borrow|ngs Accrued Inlerest / mark-up Unclaimed divldend Provisions
5
6
7
8
9
10
11
12
25
13
14
15
16
17
17.21
18
20
21
22
17
17.2J
18
23
24
19
61,413,859
212,917
475, j45
8,919
62,111,840
4,976,853 t1,140,627 1,715,679
3,581,068
7,760,540
21,517,212
4,507,275
55,195,224
117,311,064
8.089,233
3,000,000
3.874,953
7,435,018
23,399.204
61,3D7,859
711,745
514,900
8,933
62.543,437
4,911,457
1.262,773
6,387.4d6
6,807,324
1,574,959
3.534,104
38,308,001
100,851,438
8,089,233
3,000,000
3,874,953
11,357,393
27,321,579
53.324,569 | 28,007,177 |
754,493 | 1,014,922 |
187,B80 | 43B,115 |
4,780,500 | 1,702,531 |
56,04Z,442 | 6Z,332,745 |
19,736,065 | |
26,869.731 | |
98,860 | |
1,978.440 | 1,302,324 |
234,1#9 | 236,872 |
228,026 | 853,154 |
675,000 | 11,848,627 |
535,Z16 | 726,146 |
272,843 | 284,463 |
7,070,513 | 6,110,603 |
37,864,41B | 41,197,114 |
93,911,860
73,529,859
Oontfngancfes and Comtnftments 26
TOTAt. EQUITY AND LIABILITIES117,311,064
100,851,438
The annexed notes to 51 form an integral part of these consolidated financial statements.
Chlef Executive Chief Financial Officer Olrector
Al nexuse A-2
ENGRO POLYMEFt AND CHEMICALS LIMI'7ED
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OJ HER COMPFtEtJENSIV1 INCOME FOR THE YEAR ENDED DECEMBER 31, 2025
(Am aunts in thousand except for (loss) / earnings per share)
2025 2024
Note Rupees
Revenue from conti acts with customer's - net | 27 | 78,016,768 | 75,707,941 | |
Cost of sales | 28 | (73,191,386) | (69,117,230) | |
Gross profit | 4,825,382 | 6,590,711 | ||
Distribution and marketing expenses | 29 | (733,316) | (701,386) | |
Administrative expenses | 30 | (1,683,057) | (2,061,232) | |
Other expenses | 31 | (661,889) | (236,735) | |
Other income | 32 | 591,558 | 795,042 | |
Operating profit | 2,338,678 | 4,386,400 | ||
Finance costs | 33 | (5,729,390) | (7,531,973) | |
Loss before minim.um tax differential, final tax and income tax | (3,390,712) | (3,145,573) | ||
Minimum tax differential | 34 | (22,157) | (38,248) | |
Final tax | 35 | 45,740 | 77, 965 | |
Loss before income tax | (3,367,129) | (3, 105,856) | ||
Incorrie tax | 36 | (531,057) | 2,945,273 | |
Loss for the year | (3,898,186) | (160,583) | ||
Other comprehensive income fol the year | ||||
Total comprehensive loss for the year | (3,898,186) | (160,583) | ||
Loss per share - basic | 38 | (4.29) | (0.40) | |
Loss per share - diluted | 38 | (4.29) | (0.40) |
The annexed notes 1 to 51 form an integral part of these consolidated financial statements.
Chief Executive Chief Financial Officer Director
Air iexure A 3
ENGRO POLYMER AND CHEMICALS LIMI'/"ED
CONS OLIDATE D STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2025
(Amounts in thousand)
IS SUED, SUBSCRIBED AND
RESERVES
PAID-UP CAPITAL CAPITAL REVENUE
Ordinary share capital
Preference
shares
Share premium U IA ppropriated
profits
Total
(908,823) (201,000) | (908,923) | |||
(201,000) |
Rupees
Balance as at December 31, 2023 | 9,089,233 | 8,000, 000 | 3,074,953 | 12,627,809 | 2B,S02,085 |
Total comprehensive loss for the year | (160,503) | (160,583) | |||
Transactions with owners | |||||
Final dividend for the year ended December 31, 2023
| |||||
(1,109,923) | (1,109,923) | ||||
Balance as at Decem ber 31, 2024 | 9,osg,z33 | 3,000,000 | 3,874,953 | 11,357,393 | 27,321,579 |
Share issuancecosl | (24,1 B9) | (24,189) | |||
Total cont prehenslve loss for tha year | (3,898,186) | (3,898,186) | |||
Balance as at Decem ber 31, 2025 | 9,089,233 | 3,000,000 | 3.874,953 | 7,435,018 | 23,399,204 |
The annexed notes 1 to 51 form an integral part of these consolidated financial statements.
Chief Executive Chief Financial Officer Director
ENGRO POLYMER AND CHEMICALS LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025 | |||||
(Amounts in thousand) | |||||
2025 | 2024 | ||||
Note | Rupees | ||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Cash generated from operations | 41 | 19,033,757 | 12,781,G62 | ||
Long term loans and advances, net | (986) | 13,704 | |||
Retirement benefits paid | (98,860) | (70,168) | |||
Minimum tax differential paid Final tax paid | (19,904) t‹8,sgo | (24,083) t8,906) | |||
Income tax paid | (2,799,323) | (5,140,117) | |||
Proceeds from sales of tax loss | 1,375,426 | ||||
Net cas h generated from operating ac tlvities | 17,471,220 | 7,552, 092 | |||
CASH SHOWS FROM INVESTING ACTI/ITIES | |||||
Purchases of property, plant and equipment and Intangible assets | (3,445,740) | (9,/83,643) | |||
Proceeds from disposal of property, plant and equipment | 58,624 | 94,822 | |||
Purchase of short-term investments | (20,979,635) | (2,285,818) | |||
Proceeds on sale / maturity of short-term investments | 2,652,762 | 3,967,847 | |||
Income on short-tern investments, intercompany balances and bank deposits | 160,502 | 510,760 | |||
Net cash utilised In investing activities | (21,553,487) | (7,496,032) | |||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Proceeds from long-term borrowings - net of Iransaction costs | 17.19 | 29,805.103 | 8,000,000 | ||
Repayments of long-term borrowings | 17.19 | (5,229,127) | (3,061,487) | ||
Proceeds from short-term borrowings | 10,474,717 | 15,160,fi08 | |||
Repayment of short-term borrowings | (1B,104,575) | (7,180,100) | |||
Proceeds of subordinated loan from the intermediate parent company | 1,000,000 | 1,500,000 | |||
Repayment of subordinated loan to the intermediate parent company | (1, 000,000) | (1,500,000) | |||
Share issuance cost paid Finance costs paid | (24,189) {5,824, J) | {7,228, 186) | |||
I.ease rentals paid | 18.2 | (913,038) | (1,358, 021) | ||
Dividend paid | (11,620) | (1,531,010) | |||
Net cas h generated from financing activities | 10,173,160 | 2,801,794 | |||
Net increase in cash and cash equivalents | 6,090,893 | 2,857,854 | |||
Net foreign exchange differences | 19,078 | (11,903) | |||
Cash and cash equivalents at beginning of the year | 150,370 | (2,695,581) | |||
Cash and cash equivalents at end of the year | 42 | 6,260,341 | 150,370 | ||
The annexed notes 1 to 51 form an integral part of these consolidated financial statements.
Chief Executive Cñief Financial Officer Director
ENGRO POLYMEI2 AND CHEMICALS LIVI/1-EU | Annexui e B-1 | |||||
STATEMENT OF FINANCIAL f'O SITION | ||||||
AS AT DECEMBER 31, 2025 | ||||||
(Amounts in thousand) | ||||||
Note | 2025 | 2024 | ||||
ASSETS | ||||||
Non-Current Assets | ||||||
Property, plant and equipment | 4 | 40,069,4 95 | 49,486,262 | |||
Righ(-of-use assel | 178,927 | 645,943 | ||||
Intangible assets | 475, 145 | 514,900 | ||||
Long lerm inveslnJents | 42,837,000 | 6,837,000 | ||||
Long-lerm loans and advances | 9,382 | Z,666 | ||||
G2,569,649 | 57,4g1,771 | |||||
Current Assets | ||||||
Stores, spares and |oose lools | 9 | 4,402,255 | 4,506,168 | |||
Slock-in-trade | 0 | 0,351,127 | 13,420,730 | |||
Trade debls | 1^ | 1,624,485 | 1,248,473 | |||
Loans, advances, âeposils, prepaymenls anñ other receivables | 12 | 4,383,920 | 10,909,610 | |||
Income lax recoverable | 25 | 7,646,606 | 6,708,309 | |||
Short-term investments | 13 | 21,404,327 | 1,4 d5,006 | |||
Cash and banh balances | 14 | 4,343,715 | 3,3d1,190 | |||
54, 156,435 | 41,578,486 | |||||
TOTAL ASSETs | 116,726,084 | 99,071,257 | ||||
EQUITY AND LIABILITIES | ||||||
Equity | ||||||
Ordinary sfiare capital | 15 | 9,089,233 | 9,089,233 | |||
Preference shares | 16 | 3,000,000 | 3,000,000 | |||
Share premium | 3,874,953 | 3,874,953 | ||||
Unappropriated profits | 9,395,511 | 12,438,639 | ||||
25,359,697 | 28,402,825 | |||||
Non-Current Liabilities | ||||||
Long-term borrowings | ||||||
Government grant | 17.19 | |||||
Lease liabilities | 18 | |||||
Deferred tax liability - net | 20 | |||||
Current Liabilities | ||||||
Trade and other payables | 21 | |||||
Service benefit obligations | 22 | |||||
Current poñion of long-te‹m borrowings | 17 | |||||
Currenl poñion of government granl | 17. 19 | |||||
Current portion of lease liabilities | 18 | |||||
Short-term borrowings | 23 | |||||
/ccrued interest / mark-up | 24 | |||||
Unclaimed dividend | ||||||
Provisions | 15 | |||||
TOTAL LIABILITIES | 91,366,387 | 70,668,432 | ||||
Contlngencles and Comm laments | z6 | |||||
TOTAL EQU1TY ANO LIABILITIES | 116,726,084 | 99,071,257 | ||||
The annexed napes 7 to II forp+ an inlegral part of lhese financial slaTemenlS. | ||||||
52,Z81,274 86,387 159,239 1,936,936 |
54,4G3,B36 |
26,446,970 1,6fi6,622 38,487 219,521 675,000 522,595 272,843 7,070,513 |
36,902,551 |
27,9J1,832 135,872 395,199 1,865,647 |
30,338,550 |
19,d46,527 9B,860 1,047,520 45,090 830,704 11,84B,627 617,488 284,463 6,110,s03 |
40,329,882 |
Chief Executive
Chief Financial Officer
Director
ENGRO POLYMEft AND CHEMICALS LlMI"rED
SI ATEMENT OF PROFIT OR LOSS AND OTHER COMPRELI ENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31, 2025
(Amouiits in thousand except for (loss) / earnings per share)
2025
2024
Note Rupees
Revenue from contracts with customers - net | 27 | 77,405,668 | 75,677,747 | |
Cost of sales | 28 | (72,131,396) | (69,107,918) | |
Gross profit | ?,274272 | 6,569,829 | ||
Distribution and marketing expenses | 29 | (702,619) | (663,793) | |
Administrative expenses | 30 | (1,653,707) | (2,054,981) | |
Otherexpenses | 31 | (631,846) | (206,494) | |
Other income | 32 | 933,383 | 1,511,370 | |
Operating profit | 3,219,4 83 | 5,155, 931 | ||
Finance costs | 33 | (5,705,118) | (7,522,720) | |
Loss before minimum tax differential, | (2,485,635) | 2,366, 789) | ||
final tax and income tax | ||||
Minimum tax differential | 34 | (1,359) | (35,563) | |
Final tax | 35 | 48,243 | 77,965 | |
Loss before income tax | (2,438,751) | (2,324,387) | ||
IiJconJe tax | 36 | (604,377) | 2,934,727 | |
(Loss) / profit for the year | (3,043,128) | 610,340 | ||
Other comprehensive income for the year | ||||
Total comprehensive (loss) / income for the year | (3, 043,128) | 610,340 | ||
(Loss) / earnings per share - basic | 38 | (3.35) | 0.45 | |
(Loss) / earnings per share - diluted | 38 | 0.45 | ||
The annexed notes 1 to 51 form an integral part of these financial statements.
Chief Executive Chief Financial Officer Director
Annexure B-3
ENGRO POI YMER AND CHEMICAL.S LIMITED STATEMENT UF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2025
(Amounts in thous and)
ISSUED, SUBSC RIBED AND
RESERVES
PAID-UP CAPITAL CAPITAL RE/ENUE
Ordinary shai'e capita]
Preference shares
S hare prem fum
Unappropriated Total
profits
Rupees
Balance as at Decem ber 31, 2023 | 9,089, 233 | 3,000,000 | 3,874,953 | 12,930,222 | 28,902,408 |
Tota! comprehenslve Income for the year | 610,340 | 610,340 | |||
Transactions with owners | |||||
Flnal dividend for the year ended December 31, 2023 | |||||
- Rs. 1 per ordinary share | |||||
- Rs, 0.67 per preference share | |||||
(1,109,923] | (,109,923) | ||||
Balance as at December 31, 2024 | 9,089,233 | 3, 000,000 | 3,874,953 | 12,438,639 | 28,402,825 |
TotaI comprehenslve loss for the year | (3,043,128) | (3,043,128) |
(908,923) | (908,923) | |||
(201,000) | (201,000) |
Balance as at December 31, 2025 9,089,233 3,000, 000 3,874,953 9,395,511 25,359,697
The annexed notes 1 to 51 form an inlegral part of these financial statements,
Ghief Executive Chief Financial Officer
Director
ENGRO I*OLYMEP AND CIX EMICALS LIMiTEU
STATEMEN1 OF CASH FI.OWS
FOR THE YEAR ENDED DECEMBER 31, 2025
(Amounts in thousand)
2025
2024
Note
Rupees
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from operations | 41 | 19,615,974 | 13,617,761 | |
Long-term loans and advances, net | (1,716 | 14,171 | ||
Retirement benefits paid | (98,060 | (70,168) | ||
Minimum tax differential paid | (1 ,35g) | (22,930) | ||
Fina| tax paid | (16,387) | (8,906) | ||
Income tax paid | (2,702,181) | (5,110,349) | ||
F'roceeds from sale of lax loss | 1,375,426 | |||
Net cash generated from operating activities | 18,090,897 | 8,411,579 | ||
CASH FLOWS FROM INVESTING ACTIV/T/ES | ||||
Purchases of property, plant and equipment and intangible assets | 4.5.1 | (2,616,401) | (6,929,702) | |
Proceeds from disposal of property, plant and equipment | 4.4 | 58,624 | 94,759 | |
Investment made in subsidiary company | 7.t2 | (6,000,000) | ||
Disbursement ol subordinated loan to subsidiary companies | (2,084,850) | (3,085,830) | ||
Repayment of subordinated loan by subsidiary companies | 6,285,000 | |||
Purchase of short-lerm investments | (20,867,635) | (2,173,818) | ||
Proceeds on sale / maturity of short-term investments | 2,540,762 | 3,855,847 | ||
Income on short-term investments, subordinated loan, | ||||
intercompany balances and bank deposits | 127,958 | 500,513 | ||
Net cash utilised in investing activities | (22,556,542) | (8,538,191) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Proceeds from long-term borrowings - net of transaction costs | 17.17 | 29,805,103 | 8,000,000 | |
Repayments of long-term borrowings | 17.17 | (4,977,027) | (2,992,762) | |
Proceeds from short-term borrowings | 10,474,717 | 5,160,598 | ||
Repayment of short-term borrowings | (18,104,575) | (7,180,100) | ||
Proceeds of subordinated loan from the Holding company | 1,000,000 | 1,500,000 | ||
Repayment of subordinated loan to the Holding company | (1,000,000) | (1,500,000) | ||
Finance costs paid | (5,710,769) | (7,215,388) | ||
Lease rentals paid | 18.2 | (889,937) | (1,334,499) | |
Dividend paid | (11,620) | (1,531,010) | ||
Net carb generated from financing activities | 10,585,892 | 2,906,839 | ||
Net increase in cash and cash equivalents | 6, 20,247 | 2,780,227 | ||
Net foreign exchange differences relating to cash and cash equivalents | 19,078 | (11,903) | ||
Cash and cash equivalents at beginning of the year | (42,544) | (2,810,R68) | ||
Cash and cash equivalents at end of the year | 42 | 6,096,781 | (42,544) | |
The annexed noles 1 to 51 form an integral part of these financial statements. |
)
)
Chief Executive
Chief Financial Officer
Director