Financial Results for the nine months ended September 30, 2025

ASSETS

Non-current assets

Property, plant and equipment

9,743,691

10,244,551

Intangible assets

132,640

155,374

Long-term loans and adlances

8,344

9,960

Long-term deposits

2,574

2,574

Current assets

9,887,249

10,412,459

Inventories

939,977

959,965

Trade debts

2,933,689

9,295,210

Short-term investments

529,994

Loans, adlances and prepayments

255,849

140,666

Other receivables

349,931

579,502

Accrued income

6,273

Taxes recoverable

32,306

30,775

Balances with banks

212,260

28,468

5,260,279

11,034,586

TOTAL ASSETS

15,147,528

21,447,045

EQUITY AND LIABILITIES

Equity

Share capital

3,238,000

3,238,000

Share premium

80,777

80,777

Maintenance reserve

1,322,223

1,425,647

Unappropriated profit

7,166,986

9,450,490

Total equity

11,807,986

14,194,914

LIABILITIES

Current liabilities

Trade and other payables

1,548,622

3,110,040

Unclaimed di/idend

19,706

19,890

Accrued interest / mark-up

48,884

136,412

Short-term borrowings

1,722,330

3,985,789

Total liabilities

3,339,542

7,252,131

Contingencies and commitments

TOTAL EQUITY AND LIABILITIES

15,147,528

21,447,045

Revenue

3,387,067

3,817,046

8,644,837

10,408,870

Cost of revenue

(2,921,984}

(2,651,351)

(7,533,673}

(7,910, 274)

Gross profit

465,083

1,165,695

1,111,164

2,498,596

Administrative expenses

(114,861)

(119,923)

(313,836)

(291,440)

Other expenses

5,735

(12,604)

(25,689)

(35,487)

Other income

11,046

1,040

18,503

2,547

Profit from operations

367,003

1, 034,208

790,142

2,174,216

Finance income - net

30,577

234,049

87,487

708,284

Sindh Workers' Profits Participation Fund

and Sindh Workers' Welfare Fund

Frofit before taxation

397,580

1,268,257

877,629

2,882,500

Taxation

(6,429}

(3,205)

(26,556}

(7,724)

Profit for the period

391,151

1,265,052

851,073

2,874,776

Other comprehensive income for the period

Total comprehensive income for the period

391,151

1,265,052

851, 073

2,874,776

Earnings per share - basic and diIuted

1.21

3.91

2.63

8.88

Balance as at Jan ary 1, 2024 (Au‹lited)

3, 238,000

80,777

948,156

10,215,675

14,482,608

Total comprehensive income for the nine months ended September 30, 2024

2,874,776

2,874,776

Transactions with owners:

Final dividend for the year ended December 31, 2023 @ Rs. 1.5 per share

(485,700)

(485,700)

Transfer from unappropriated profit

175,702

(175,702)

Balance as at September 30, 2024 (Unaudited)

3,238,000

80,777

1,123,858

11,295,749

15,738,384

Total comprehensive iiicome for lhe

Ihree months ended December 31, 2024

(733,969)

(733,969)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations

6,724,657

3,194,488

Taxes paid

(28,087)

(6,902)

Interest received

91,576

24,868

Long-term loans and advances -net

1,616

4,388

Net cash generated from operating activities

6,789,762

3,216,842

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(231,295)

(338,722)

Proceeds from disposal of property, plant and equipment

19,250

9,641

Investments made

(7,860,262)

(99,988)

Investments encashed / matured

7,330,333

99,984

Net cash utilised in investing activities

(741,974)

(329,085)

CASH FLOWS FROM FINANCING ACTIVITIE S

Finance cost paid

(362,351)

(643,550)

Short-term borrowings obtained

1,021,601

Short-term borrowings repaid

(85 ,707)

Dividends paid

(3,238,185)

(1,619,163)

Net cash Litilised in financing activities

(3,430,642)

(2,262,713)

Net increase in cash and cash equivalents

2,617,146

625,044

Cash and cash equivalents at the beginning of the period

(3,259,381)

(3,593,641)

Cash and cash equivalents at the end of the period

(642,235)

(2,968,597)