Transmission of Quarterly Report for the Period Ended 2025-09-30

Green EChangnes Thee Worrldgy 2025

HALF YEARLY REPORT

Contents

CONSOLIDATED FINANCIAL STATEMENTS

COrPOrATE PrOFILE

03

CHAIrmAn'S REVIEw

04

COnDEnSED InTErIm STATEmEnT OF

FInAnCIAL POSITIOn

22

COnDEnSED InTErIm PrOFIT Or LOSS AnD

UNCONSOLIDATED FINANCIAL STATEMENTS

REVIEw OF InTErIm FInAnCIAL InFOrmATIOn 08

AUDITOr'S REPOrT TO THE MEmbErS On

OTHEr COmPrEHEnSIVE InCOmE (UnAUDITED) 23 COnDEnSED InTErIm STATEmEnT OF

CHAnGES In EqUITY (UnAUDITED)

24

COnDEnSED InTErIm STATEmEnT OF

COnDEnSED InTErIm CASH FLOw

FInAnCIAL POSITIOn

10

STATEmEnT (UnAUDITED)

25

COnDEnSED InTErIm PrOFIT Or LOSS AnD

NOTES TO THE COnDEnSED InTErIm

OTHEr COmPrEHEnSIVE InCOmE (UnAUDITED)

11

FInAnCIAL InFOrmATIOn (UnAUDITED) 26

COnDEnSED InTErIm STATEmEnT OF

CHAnGES In EqUITY (UnAUDITED)

12

COnDEnSED InTErIm CASH FLOw

STATEmEnT (UnAUDITED)

13

R t

NOTES TO THE COnDEnSED InTErIm FInAnCIAL

InFOrmATIOn (UnAUDITED)

14

Corporate Profile

BOArD OF DIrECTOrS

Arif Hashwani - Chairman Arshad Shehzada - MD/CEO Altaf Hashwani

Hussain Hashwani Zaver Hashwani Amin Manji

Mrs. Navin Salim Merchant

S. Haider Mehdi

CHIEF FInAnCIAL OFFICEr

S. Haider Mehdi

AUDIT COmmITTEE

Amin Manji - Chairman Altaf Hashwani

Zaver Hashwani

Salim Abdul Ali - Secretary

HUmAn RESOUrCE AnD REmUnErATIOn COmmITTEE

Amin Manji - Chairman Arif Hashwani - Member Altaf Hashwani - Member

Muhammad Shayan - Secretary

BAnKErS

BankIslami Pakistan Ltd. Bank Alfalah Limited Allied Bank Ltd.

Habib Bank Ltd.

Habib Metropolitan Bank Limited JS Bank Ltd.

MCB Bank Ltd. Meezan Bank Limited

Standard Chartered Bank (Pakistan) Ltd. United Bank Ltd.

Dubai Islamic Bank Pakistan Limited National Bank of Pakistan

Faysal Bank Limited

Al Baraka Bank (Pakistan) Limited. Bank of Punjab

AUDITOrS

Yousuf Adil

SOLICITOrS

Orr, Dignam & Co.

REGISTErED OFFICE

A-44, Hill Street, Off.

Manghopir Road, S.I.T.E., Karachi-Pakistan.

Website: https://www.exide.com.pk

3 Exide Pakistan Limited

E-mail: exidepk@exide.com.pk

CHAIrmAn'S REVIEw

I am honored to present, on behalf of the Board of Directors, the unaudited accounts of the Company, duly reviewed by the external auditors, for the half year ended 30 September 2025, along with my comments on the Company's performance.

THE ECOnOmY

Pakistan's macroeconomic conditions remained broadly stable at the start of FY26, with a cautious monetary policy helping to restore business and household confidence. However, flood-related damage to agriculture and infrastructure posed risks to the overall economic outlook, resulting in increases in twin deficits, inflation, and downside risks to growth. The SBP projects real GDP growth of around 3.25 percent in FY26, with headline inflation expected to exceed 7 percent.

Pakistan's trade deficit widened by 34 percent to US$ 9.4 billion during the first quarter of the current fiscal year, compared to US$ 7.0 billion in the same period last year. Home remittances rose by 8 percent to US$ 9.5 billion due to manpower exports and the government's consistent efforts to streamline banking channels through subsidies and the development of payment mechanisms.

Foreign direct investment dropped by 34 percent to US$ 568.8 million compared to US$ 864.6 million last year, as the industry seeks deep-rooted structural reforms to ensure long-term, innovation-based growth. The current account deficit amounted to US$ 594 million compared to US$ 502 million during the same period last year. Foreign exchange reserves increased to US$ 19.7 billion, comprising US$ 14.3 billion with the State Bank and US$

5.4 billion with commercial banks.

THE InDUSTrY

The country's auto sector started FY26 on a strong note, recording a 53 percent jump in sales of cars, SUVs, pickups, and vans to 42,267 units in the first quarter, compared to 27,585 units in the same period last fiscal year. This growth was driven by a stable macroeconomic environment, the introduction of new variants, lower interest rates, easing inflation, and improving consumer sentiment.

Motorcycle and three-wheeler sales increased to 431,542 units, up by 35 percent. Tractor sales fell to 2,981 units from 5,026 units in the same period last year due to floods and weak farm economics. Truck and bus sales surged to 1,864 units compared to 926 units last year.

PrODUCTIOn

Production activities were strategically planned to align with market demand, focusing on both quality and quantity. Emphasis on quality control at all stages of the production process was implemented to further enhance the quality standards of Exide products.

SALES PErFOrmAnCE

Net sales revenue for the half year under review decreased by 19.7 percent, from Rs. 13.82 billion to Rs.

11.10 billion, due to reduced sales volumes and lower prices.

PrOFITAbILITY

Gross profit for the half year under review decreased from Rs. 2.36 billion to Rs. 1.74 billion due to lower sales revenue and margins.

Selling and distribution expenses decreased by 20.4 percent, from Rs. 970.83 million to Rs. 772.47 million, in line with the 19.7 percent decrease in sales revenue.

Administrative and general expenses increased by 1.02 percent, from Rs. 139.02 million to Rs. 140.44 million. Operating profit of Rs. 0.776 billion was recorded as against Rs. 1.184 billion last year.

Financial charges decreased to Rs. 322.82 million from Rs. 355.26 million due to lower mark-up rates. Profit before tax decreased to Rs.

453.08 million from Rs. 829.03 million last year. Profit after tax for the half year was Rs. 277.4 million compared to Rs. 505.71 million last year.

Earnings per share stood at Rs. 35.71 as against Rs. 65.10 last year.

FUTUrE PrOSPECTS

Pakistan's industrial base, the lifeblood of sustainable economic growth, appears to be losing strength, with large-scale manufacturing continuing to show worrying signs of stagnation. Despite improvements in macroeconomic stability and geopolitical relations, Pakistan's core economy remains fragile, weighed down by policy inconsistencies, rising energy costs, and declining productivity across key industrial sectors.

The domestic battery industry is expected to face increased competition due to overcapacity and reduced consumer purchasing power. Future profitability may be impacted by these challenges. However, management remains steadfast in its commitment to improving quality, enhancing productivity, controlling costs, and strengthening after-sales service to improve competitiveness and market share.

ACKnOwLEDGEmEnT

On behalf of the Board of Directors, I extend my sincere gratitude to all stakeholders, including our employees, bankers, shareholders, Furukawa Battery Japan, vendors, main dealers, retailers, customers, automobile manufacturers, and government organizations, for their continuous support, guidance, and trust.

Karachi: November 28, 2025

ARIF HASHwAnI

Chairman

ﺖﺣ� و�ڡ�

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ﻊڡ� ﺎٮ� ﻣ

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ﯽﺣ� ا�ﮐ

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ﯽٮ� ٮ� ﻤﮐ ﮯٮ� ﻟ ﮯ� لﺎﺳ ﻒﺼٮ� ﮯﻟاy ﮯٮ� ﻮ�ٮ ﻢٮ� ﺣ� ﻮﮐ 2025 ﺮٮ. ﻤٮ� ﺳ 30 ﮟٮ� ﻣ ﮧﮐ ﮯ�ٮ ﺮﺤ� ڡ� ﮯﮭﺤ. ﻣ ،ﮯﺳ ﺐٮ� ﺎﺣ. ﯽ� ز�ٮؕﮑ��ﺋاڈ فآ ڈر�ٮ. ﮫ�ٮﺎﺳ ﮯ� ںy�ﺼٮ. �ٮ ﮯٮ� �ٮا ﺮ�ٮ ﯽ�دﺮﮐرﺎ� ﯽ� ﯽٮ� ٮ� ﻤﮐ ،ﮯ�ٮ ﺎٮ� ﻟ ہﺰﺋﺎﺣ. ہﺪﻋﺎڡ� ﺎٮ. ﮯٮ� ز�ٮؕ�ٮڈآ ﯽٮ� و��ٮ. ﺎ� ﻦﺣ. ،ﻮﮐ ﺲٮؕٮ� ؤﺎ�ا ہﺪﺷ ٹڈآ ﺮٮ� ﻋ� ﮯ� ۔ں��ٮ ﺎ�ٮر ﺮﮐ ﺶ��ٮ

ﺖﺸٮ� ﻌﻣ

ﯽ�ٮﺎٮ� ﻟﺎﻣ طﺎٮ� ﺤﻣ ﮏ�ٮا ﮟٮ� ﻣ ﺲﺣ. ،ﮯ�ٮر ﻢﮑﺤٮ� ﺴﻣ ﺮ�ٮ ر�ﻃ ﯽﻋﻮﻤﺤ. ﻣ تﻻﺎﺣ ﮏﻣﺎٮ� ﮐا و�ﮑٮ� ﻣ ﮯ� نﺎٮ� ﺴﮐﺎ�ٮ ﺮ�ٮ زﺎﻋ� آ ﮯ� 2026 لﺎﺳ ﯽﻟﺎﻣ ﮯﻟاy ﮯٮ� ﻮ�ٮ ﻮﮐ ﺮﺤ� ﮐﺮٮؕﺳا�ڡ� ٮ� ا رyا ﺖﻋا�� ﮯﺳ بﻼٮ� ﺳ ،ﻢ�ٮﺎ�ٮ ۔ﯽ� دﺪﻣ ﮟٮ� ﻣ ﮯٮ� ﺮﮐ لﺎﺤٮ. ﻮﮐ دﺎﻤٮ� ﻋا ﻮﻠ��ﮭﮔ رyا ی�ﺎٮ. y�ﺎ� ﮯٮ� ﯽﺴٮ� ﻟﺎ�ٮ رyا ،ﮧڡ� ﺎﺿا ﮟٮ� ﻣ ﯽﺋﺎ�ٮ� ٮ� ﻣ ،ےرﺎﺴﺣ� ےﺮ�ٮود ﮟٮ� ﻣ ﮯﺤ. ٮ� ٮ� ٮ� ﮯ� ﺲﺣ. ،ﮯٮ� ﮐ اﺪ��ٮ تا�ﻄﺣ� ﮯٮ� ﻟ ﮯ� ﮯﻣﺎٮ� ﺮﻄ� ٮ� ﻣ ﯽﺷﺎﻌﻣ ﯽﻋﻮﻤﺤ. ﻣ ﮯٮ� نﺎﺼڡ� ٮ� ﮟ�ٮﻣ 2026 لﺎﺳ ﯽﻟﺎﻣ ﮧﮐ ﮯ�ٮ ﻊڡ� ﻮ�ٮ ﻮﮐ نﺎٮ� ﺴﮐﺎ�ٮ فآ ﮏٮ� �ٮ. ﭧٮ� ٮؕﺳا) ﯽ�ٮ ﯽٮ. ﺲ�ٮا( ۔ﮯﺋﻮ�ٮ اﺪ��ٮ تا�ﻄﺣ� ﯽڡ� ٮ� ﻣ ﮯٮ� ﻟ ﮯ� ﻮﻤٮ� ح�ﺷ ۔ﮯ�ٮ ﻊڡ� ﻮ�ٮ ﯽ� ﮯٮ� ﺎﺣ. ﺮﮐ زyﺎﺤ. �ٮ ﮯﺳ ﺪﺼٮ� ڡ� 7 ﯽﺋﺎ�ٮ� ٮ� ﻣ ﻦﺋﻻ ﮉٮ� �ٮ ﮧﮑٮ. ﺣ. ،ﯽ� ﮯ�ٮر ﺪﺼٮ� ڡ� 3.25 �ًٮ. ��ڡ� �ٮ ﻮﻤٮ� ح�ﺷ ﯽ� ﯽ�ٮ یڈ ﯽﺣ. ﯽڡ� ٮ� ڡ� ﺣ ﮯ� ﺮﻟاڈ ﯽ���ﻣا برا 7.0 ﮯ� تﺪﻣ ﯽﺳا ﯽ� لﺎﺳ ﮧٮ� ﺷﺰﮔ ہرﺎﺴﺣ� ﯽ�ٮرﺎﺤ. �ٮ ﺎ� نﺎٮ� ﺴﮐﺎ�ٮ نا�yد ﮯ� ﯽ�ٮﺎﻣ ﮧﺳ ﯽﻠٮ� �ٮ ﯽ� لﺎﺳ ﯽﻟﺎﻣ ﭧٮ� ﺮﮐ رyا یﮉﺴٮ. ﺳ ﮯﺳ ﺐٮ� ﺎﺣ. ﯽ� ﺖﻣﻮﮑﺣ رyا تاﺪﻣآ�ٮ. ﯽ� تﻮڡ� یدا�ڡ� ا ۔ﺎٮ� ﮔ ﻮ�ٮ ﺮﻟاڈ ﯽ���ﻣا برا 9.4 ﺮﮐ ھﮍٮ. ﺪﺼٮ� ڡ� 34 ﮟٮ� ﻣ ﮯﻠٮ. ﺎڡ� ﻣ ﮯﺳ ﮏﻠﻣ نy��ٮ. ﮯﺳ ﮧﺣ. و ﯽ� ں�ﺸﺷﻮﮐ ﻞﺴﻠﺴﻣ ﯽ� ﮯٮ� ﺮﮐ ﻢﻄ� ٮ� ﻣ ﻮﮐ ﺰﻠٮ� ٮ� ﺣ� ﮓٮ� ﮑٮ� �ٮ. ﮯﻌ��ذ ﮯ� ﯽڡ� ﺮ�ٮ ﯽ� رﺎ� ﮧڡ� ��ﻃ ﮯ� ﯽ�ٮ� ﺋادا ۔ﮟٮ� ﺌﮔ ﻮ�ٮ ﺮﻟاڈ ﯽ���ﻣا برا 9.5 ﺮﮐ ھﮍٮ. ﺪﺼٮ� ڡ� 8 ر� تﻼٮ� ﺳﺮ�ٮ

568.8ﺮﮐ ﻮ�ٮ ﻢﮐ ﺪﺼٮ� ڡ� 34 ﮟٮ� ﻣ ﮯﻠٮ. ﺎڡ� ﻣ ﮯ� ﺮﻟاڈ ﯽ���ﻣا ﻦٮ� ﻠﻣ 864.6 ﮯ� لﺎﺳ ﮧٮ� ﺷﺰﮔ ی�ﺎ� ﮧ�ٮﺎﻣﺮﺳ ﯽ�ﻠﻣ ﺮٮ� ﻋ� ﺖﺳا� ہا�ٮ. ﯽ� تﺎﺣﻼﺻا ﯽٮ� ﺣ� ﺎﺳ ی�ٮ� ﮔ ﮯٮ� ﻟ ﮯ� ﮯٮ� ﺎٮ� ٮ. ﯽٮ� ٮ� ڡ� �ٮ ﻮﮐ ﯽڡ� ﺮ�ٮ ﯽٮ� ٮ. ﻣ ﺮ�ٮ تﺪﺣ. ،ﯽ�ٮﺪﻣ ﻞ��ﻃ ﺖﻌٮ� ﺻ ﮧﮑٮ� ﻮٮ� ﮐ ،ﯽﺌﮔ آ ﺮ�ٮ ﺮﻟاڈ ﯽ���ﻣا ﻦٮ� ﻠﻣ ﯽ���ﻣا ﻦٮ� ﻠﻣ 594 ﮟٮ� ﻣ ﮯﻠٮ. ﺎڡ� ﻣ ﮯ� ﺮﻟاڈ ﯽ���ﻣا ﻦٮ� ﻠﻣ 502 ﮯ� تﺪﻣ ﯽﺳا ﯽ� لﺎﺳ ﮧٮ� ﺷﺰﮔ ہرﺎﺴﺣ� ﭧٮ� ؤﺎ�ا ﭧٮ� ﺮﮐ ۔ﮯ�ٮ ںﺎ�ٮا�ﺣ� رyا ﺮﻟاڈ ﯽ���ﻣا برا 14.3 سﺎ�ٮ ﮯ� ﮏٮ� �ٮ. ﭧٮ� ٮؕﺳا ﮟٮ� ﻣ ﺲﺣ. ،ﮯﺌﮔ ﻮ�ٮ ﺮﻟاڈ ﯽ���ﻣا برا 19.7 ﺮﮐ ھﮍٮ. ﺮﺋﺎﺣ� ذ ﮯ� ﮧﻟدﺎٮ. ﻣر� ۔ﺎ�ٮر ﺮﻟاڈ ۔ﮟٮ� �ٮ ﻞﻣﺎﺷ ﺮﻟاڈ ﯽ���ﻣا برا 5.4 سﺎ�ٮ ﮯ� ں�ﮑٮ� �ٮ. ﻞﺷﺮﻤﮐ

ﺖﻌٮ� ﺻ

ﮏ�ٮ ،ﺰ�y ﻮ�ٮ ﺲ�ٮا ،ںy�ﺎ� ﮟٮ� ﻣ ﯽ�ٮﺎﻣ ﮧﺳ ﯽﻠٮ� �ٮ ﮟٮ� ﻣ ﺲﺣ. ،ﺎٮ� ﮐ ﺮ�ٮ ںyدﺎٮ� ٮ� ٮ. طﻮٮ. ﻀﻣ زﺎﻋ� آ ﺎ� 2026 لﺎﺳ ﯽﻟﺎﻣ ﮯٮ� ﺮٮؕﮑٮ� ﺳ ﻮٮؕآ ﮯ� ﮏﻠﻣ ﮫ�ٮﺎﺳ ﮯ� ﮯڡ� ﺎﺿا ﺪﺼٮ� ڡ� 53 ﮟٮ� ﻣ ﮯﻠٮ. ﺎڡ� ﻣ ﮯ� ﺲٮؕٮ� ﻮ�ٮ 27,585 ﮯ� تﺪﻣ ﯽﺳا ﯽ� لﺎﺳ ﯽﻟﺎﻣ ﮧٮ� ﺷﺰﮔ ﺖﺣ� و�ڡ� ﯽ� ﺰٮ� �y رyا ﺲ�ٮا ﯽﺋﺎ�ٮ� ٮ� ﻣ ،دﻮﺳ ح�ﺷ ﻢﮐ ،فرﺎﻌ�ٮ ﮯ� ﺲٮؕٮ� ���y ﯽﺌٮ� ،ل�ﺣﺎﻣ ﮏﻣﺎٮ� ﮐا و�ﮑٮ� ﻣ ﻢﮑﺤٮ� ﺴﻣ ﮧڡ� ﺎﺿا ﮧ�ٮ ۔ﯽﺌﮔ ﭻٮ� ٮ� �ٮ ﮏ�ٮ ﺲٮؕٮ� ﻮ�ٮ 42,267 ۔ا��ٮ ﮯﺳ ﮧﺣ. و ﯽ� تﺎٮ. ﺬﺣ. ﮯﺋﻮ�ٮ ﮯ�ٮﻮ�ٮ ﺮٮ� ٮ� ٮ. ﮯ� ﻦٮ� ڡ� رﺎﺻ رyا ،ﯽﻤﮐ ﮟٮ� ﻣ

ﯽﻋر� رy�ﻤﮐ رyا بﻼٮ� ﺳ ۔ﯽﺌﮔ ﻮ�ٮ ﺲٮؕٮ� ﻮ�ٮ 431,542 ﮯﺳ ﮯڡ� ﺎﺿا ﮯ� ﺪﺼٮ� ڡ� 35 ﺖﺣ� و�ڡ� ﯽ� ﺮﻠ�y ی�ﮭ�ٮ رyا ﻞ�ٮ� ﺋﺎﺳ ﺮٮؕﻮﻣ کﺮٮؕ ۔ﯽﺌﮔ ﻮ�ٮ ﺲٮؕٮ� ﻮ�ٮ 2,981 ﺮﮐ ﺮﮔ ﮯﺳ ﺲٮؕٮ� ﻮ�ٮ 5,026 ﮯ� تﺪﻣ ﯽﺳا ﯽ� لﺎﺳ ﮧٮ� ﺷﺰﮔ ﺖﺣ� و�ڡ� ﯽ� ﺮٮؕﮑ��ٮؕ ﮯﺳ ﮧﺣ. و ﯽ� ﺖﺸٮ� ﻌﻣ ۔ﯽﺌﮔ ﭻٮ� ٮ� �ٮ ﮏ�ٮ ﺲٮؕٮ� ﻮ�ٮ 1,864 ﺮﮐ ھﮍٮ. ﮟٮ� ﻣ ﮯﻠٮ. ﺎڡ� ﻣ ﮯ� ﺲٮؕٮ� ﻮ�ٮ 926 ﮯ� لﺎﺳ ﮧٮ� ﺷﺰﮔ ﺖﺣ� و�ڡ� ﯽ� ں�ﺴٮ. رyا

راyاﺪ��ٮ

راﺪڡ� ﻣ رyا رﺎٮ� ﻌﻣ ﮟٮ� ﻣ ﺲﺣ. ،ﮟٮ� ﺌﮔ ﯽ� ﺪٮ� ٮ. ﮧٮ. �ﺼٮ� ﻣ ﺖﺤ�ٮ ﮯ� ﯽﻠﻤﻋ ﺖﻤﮑﺣ ﻖٮ. ﺎﻄﻣ ﮯ� ﺐﻠﻃ ﯽ� ﭧٮ� ﮐرﺎﻣ ںﺎٮ� ﻣﺮﮔﺮﺳ ی�اyاﺪ��ٮ ﯽٮؕﻟا�ﮐ ﺮ�ٮ ﻞﺣا�ﻣ مﺎﻤ�ٮ ﮯ� ﻞﻤﻋ ی�اyاﺪ��ٮ ﮯٮ� ﻟ ﮯ� ﮯٮ� ﺎﮬﮍٮ. ﺪ��ﻣ ﻮﮐ رﺎٮ� ﻌﻣ ﮯ� تﺎﻋﻮٮ� ﺼﻣ

۔ ﯽﺌﮔ ید ﮧﺣ. ﻮ�ٮ ﺮ�ٮ ں�ٮ� ود ۔ﺎٮ� ﮔ ﺎ�ٮد رy� ﺮ�ٮ لy�ٮؕٮ� ﮐ

INDEPENDENT AUDITORS' REVIEW REPORT

To the members of Exide Pakistan Limited

Report on review of Unconsolidated Condensed Interim Financial Statements

Introduction

We have reviewed the accompanying unconsolidated condensed interim statement of financial position of Exide Pakistan Limited (the Company) as at September 30, 2025 and the related unconsolidated condensed interim statement of profit or loss and other comprehensive income, unconsolidated condensed interim statement of changes in equity, and unconsolidated condensed interim statement of cash flows, and notes to the financial statements for the half year then ended (here-in-after referred to as "unconsolidated condensed interim financial statements"). Management is responsible for the preparation and presentation of these unconsolidated condensed interim financial statements in accordance with accounting and reporting standards as applicable in Pakistan for interim financial reporting. Our responsibility is to express a conclusion on these financial statements based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying unconsolidated condensed interim financial statements are not prepared, in all material respects, in accordance with the accounting and reporting standards as applicable in Pakistan for the interim financial reporting.

Other Matter

Pursuant to the requirement of Section 237 (1) (b) of the Companies Act, 2017, only cumulative figures for the half year, presented in the second quarter accounts are subject to a limited scope review by the statutory auditors of the company. Accordingly, the figures of the unconsolidated condensed interim statement of profit or loss and other comprehensive income for the three months' period ended September 30, 2025 have not been reviewed by us.

The engagement partner on the review resulting in this independent auditor's review report is Arif Nazeer.

Chartered Accountants Place: Karachi

Dated: November 28, 2025 UDIN: RR202510099cd628VCsb

Financial

Unconsolidated

Statements

EXIDE PAKISTAN LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT SEPTEMBER 30, 2025

ASSETS

Non-current assets

Note

(Unaudited) (Audited)

September 30, March 31,

2025 2025

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

Property, plant and equipment 5

Intangible asset 6

Long-term loans

Long-term deposits 7

Current assets

Stores and spares

Stock-in-trade 8

Trade debts 9

2,188,932

4,252

2,285

40,735

2,236,204

286,832

7,117,129

4,107,004

122,365

25,618

1,242,765

-1,155,572

14,057,285

16,293,489

180,000

77,686

259

25,823

1,520,781

3,329,991

1,868,696

6,823,236

160,898

160,898

3,543,591

6,332

196,342

225,000

5,307,810

30,280

9,309,355

9,470,253

16,293,489

Loans and advances

Trade deposits, prepayments and other receivables Taxation- net

Sales tax refundable Cash and bank balances

TOTAL ASSETS

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorised share capital

18,000,000 (March 31, 2025: 18,000,000) ordinary shares of Rs. 10 each

Issued, subscribed and paid-up share capital 10

Capital reserves

General capital reserve

Reserve arising on amalgamation - net

Revaluation surplus on property, plant and equipment - net of tax

Revenue reserves

General reserve Accumulated profits

LIABILITIES

Non-current liabilities

Long-term loan

Current liabilities

Trade and other payables Unclaimed dividend Accrued profit / mark-up

Loan from director 11

Short-term borrowings 18.1

Current portion of long-term loan

TOTAL LIABILITIES

TOTAL EQUITY AND LIABILITIES

CONTINGENCIES AND COMMITMENTS 12

The annexed notes 1 to 23 form an integral part of these unconsolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)

FOR THE HALF YEAR AND QUARTER ENDED SEPTEMBER 30, 2025

Half Year Ended Quarter Ended

Note -------------------------------------- (Rupees'000) ----------------------------------

Revenue from customers - net 13 11,096,804 13,817,654 4,047,359 5,531,753

1,735,702

2,364,330

703,055

820,994

-------------------------------------- (Rupees) ----------------------------------

6.96 9.19

35.71 65.10

Cost of sales 14 (9,361,102) (11,453,324) (3,344,304) (4,710,759)

Gross profit

Selling and distribution expenses Administrative and general expenses Other income

Other operating charges

Operating profit

Finance cost 15

Profit before tax

Taxation 16

Profit after taxation

Other comprehensive income for the period

Total comprehensive income for the period

Earnings per share (basic and diluted)

The annexed notes 1 to 23 form an integral part of these unconsolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025

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

-

The annexed notes 1 to 23 form an integral part of these unconsolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)

FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Note

Half Year ended September 30,

2025 2024

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

Cash generated from operations 17.

Financial charges paid Income taxes paid

Increase in long-term deposits Decrease in long-term loans

Net cash flows generated from / (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES

Payments for capital expenditure

Payments for acquisition of intangible asset Proceeds from disposal of operating assets Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term loans obtained Loan from director repaid Dividend paid

Short-term borrowings repaid

Net cash flows used in financing activities

Net decrease in cash and cash equivalents during the period

Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period 18

The annexed notes 1 to 23 form an integral part of these unconsolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

NOTES TO AND FORMING PART OF THE UNCONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UNAUDITED)

FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025

1. THE COMPANY AND ITS OPERATIONS

   Exide Pakistan Limited (the Company) is a limited liability company and is incorporated on January 12, 1953 in Pakistan. The address of its registered office is A-44, Hill Street, Manghopir Road, S.I.T.E, Karachi, Pakistan. The Company is listed on the Pakistan Stock Exchange. The Company is engaged in the manufacturing and sale of batteries, chemicals and acid and in trading of solar energy solutions. Manufacturing facilities of the Company are located at S.I.T.E Karachi while facilities for chemicals and acid are located at S.I.T.E and Bin Qasim Karachi.

2. BASIS OF PREPARATION AND STATEMENT OF COMPLIANCE

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

      • Provisions of and directives issued under the Companies Act, 2017; and

      • Islamic Financial Accounting Standards (IFAS) issued by Institute of Chartered Accountants of Pakistan (ICAP) as notified under the Companies Act, 2017.

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

   2. These unconsolidated condensed interim financial statements represent the separate condensed interim financial statements of the Company. The consolidated condensed interim financial statements of the Company and its subsidiary company are presented separately.

   3. These unconsolidated condensed interim financial statements have been prepared under the historical cost convention except for inventories which are carried at lower of cost or net realisable value, land and buildings are stated at revalued amounts and defined benefit plan - gratuity are carried at present value.

   4. These unconsolidated condensed interim financial statements do not include all information and disclosures required in a full set of financial statements and should be read in conjunction with the unconsolidated annual audited financial statements of the Company for the year ended March 31, 2025.

   5. These condensed interim financial statements are presented in Pakistan Rupee, which is the Company's functional and presentation currency.

3. MATERIAL ACCOUNTING POLICY INFORMATION

   The material accounting policies adopted and the methods of computation of balances used in the preparation of these unconsolidated condensed interim financial statements are the same as those applied in the preparation of the unconsolidated annual audited financial statements of the Company for the year ended March 31, 2025.

4. ACCOUNTING ESTIMATES / JUDGEMENTS AND FINANCIAL RISK MANAGEMENT

The preparation of these unconsolidated condensed interim financial statements in conformity with accounting and reporting standards requires the management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, income and expenses. It also requires the management to exercise judgment in application of its accounting policies. The estimates, judgments and associated assumptions are based on the management's experience and various other factors that are believed to be reasonable under the circumstances. These estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods. The significant judgments made by the management in applying the Company's accounting policies and the key resources of estimation and uncertainty were the same as those applied to the unconsolidated annual audited financial statements for the year ended March 31, 2025.

The financial risk management objectives and policies are consistent with those disclosed in the unconsolidated annual audited financial statements of the Company for the year ended March 31, 2025.

(Unaudited) (Audited)

September 30, March 31,

2024

(Unaudited)

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

(Unaudited) (Audited)

2025

September 30, March 31,

2025

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

2024

(Unaudited)

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

For the half year ended September 30,

(Unaudited)

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

Plant and machinery

1. INTANGIBLE ASSET Note

   Opening balance

   Additions during the period / year Depreciation for the period / year

   Closing balance

2. LONG-TERM DEPOSITS

   Unsecured Utilities Others

3. STOCK-IN-TRADE

   Raw and packing materials and components (including goods-in-transit amounting to Rs. 331.4 million (March 31, 2025: Rs. 530.9 million))

   Work-in-process Finished goods

   Less: provision against slow moving and obsolete stock-in-trade 8.1

   1. Provision against slow moving and obsolete stock-in-trade

      Opening balance

      Provision recognised during the period / year Closing balance

4. TRADE DEBTS - unsecured

   Trade Debts

   Less: allowance for expected credit losses 9.1

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

   4,252	-
   -	6,123
   (1,021)	(1,871)
   3,231	4,252
   25,343	25,343
   30,149	15,392
   55,492	40,735
   2,101,601	2,401,809
   2,081,742	2,885,535
   2,169,640	1,882,278
   6,352,983	7,169,622
   (56,093)	(52,493)
   6,296,890	7,117,129
   52,493	47,054
   3,600	5,439
   56,093	52,493
   5,313,733	4,415,464
   (308,460)	(308,460)
   5,005,273	4,107,004
   308,460	277,073
   -	31,387
   308,460	308,460

   1. Allowance for expected credit losses

      Opening balance

      Provision recognised during the period / year Closing balance

5. ISSUED, SUBSCRIBED AND PAID-UP SHARE CAPITAL

   September 30,

   (Unaudited) (Audited)

   2025

   March 31, September 30, March 31,

   2025

   2025

   2025

   ----- (Number of shares) ----- --------- (Rupees '000) ---------

   ordinary shares of Rs 10 each issued:

   359,248	359,248	as fully paid in cash	3,592	3,592
   20,894	20,894	for consideration other than cash	209	209
   7,144,309	7,144,309	as fully paid bonus shares	71,443	71,443
   244,167	244,167	to minority shareholders of Automotive Battery Company Limited	2,442	2,442
   7,768,618	7,768,618		77,686	77,686
   (Unaudited) (Audited) September 30, March 31, 2025 2025

6. LOAN FROM DIRECTOR Note --------- (Rupees '000) ---------

   Unsecured

   Loan from director 11.1 - 225,000

   1. During the period, the Loan from director has been fully repaid. The loan was subject to markup at the rate of Kibor+1% and was payable on demand.

7. CONTINGENCIES AND COMMITMENTS

   1. Contingencies

      Contingencies in unconsolidated condensed interim financial statements are the same as those disclosed in unconsolidated annual audited financial statements of the Company for the year ended March 31, 2025.

   2. Commitments

      (Unaudited) (Audited)

      September 30, March 31,

      2025 2025

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

      Commitments in respect of:
      Letters of credit	1,668,160	921,031
      Letters of guarantee	90,939	91,249

8. REVENUE FROM CUSTOMERS - NET

Sales Less:

Sales tax

Discounts to distributors and customers

For the half year ended September 30,

2025 2024

(Unaudited)

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

20,705,461

3,079,903

3,807,904

6,887,807

13,817,654

Net sales

Note

For the half year ended September 30,

2025 2024

(Unaudited)

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

For the half year ended September 30,

2025

2024

17.1 Working capital changes

(Increase) / decrease in current assets

(Unaudited)

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

Cash and cash equivalents included in the unconsolidated condensed interim statement of cash flows (unaudited) comprise the following unconsolidated condensed interim statement of financial position amounts:

As at September 30,

Note

(Unaudited)

2025 2024

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

Transactions ------------------------------------ (Rupees '000) ----------------------------------------

Transactions with key management personnel

19.1 All the transactions with related parties are entered into at agreed terms duly approved by the Board of Directors of the Company.

1. FAIR VALUE OF FINANCIAL INSTRUMENTS

   Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Consequently, differences can arise between carrying values and the fair value estimates.

   Underlying the definition of fair value is the presumption that the Company is a going concern without any intention or requirement to curtail materially the scale of its operations or to undertake a transaction on adverse terms.

   The estimated fair value of all financial assets and liabilities is considered not to be significantly different from the respective book values as the items are either short-term in nature or re-priced periodically.

   20.1

   Fair value hierarchy

   International Financial Reporting Standard 13, 'Fair Value Measurement' requires the Company to classify assets using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels:

   Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

   Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

   Level 3: Inputs for the asset or liability that are not based on observable market data (unobservable inputs).

   The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety shall be determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety.

   Currently there are no financial assets or financial liabilities which are measured at their fair value in the unconsolidated statement of financial position.

2. CORRESPONDING FIGURES

   Corresponding figures have been rearranged and reclassified, wherever necessary, for the purpose of better presentation and comparison.

3. DATE OF AUTHORISATION FOR ISSUE

   These unconsolidated condensed interim financial statements were authorised for issue on 28 November 2025 by the Board of Directors of the Company.

4. GENERAL

Figures in these unconsolidated condensed interim financial statements have been rounded off to the nearest thousand rupees.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

Financial

Consolidated

Statements

EXIDE PAKISTAN LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT SEPTEMBER 30, 2025

ASSETS

Non-current assets

Note

(Unaudited) (Audited)

September 30, March 31,

2025 2025

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

Property, plant and equipment 5

Intangible asset 6

Long-term loans

Long-term deposits 7

Current assets

Stores and spares

Stock-in-trade 8

Trade debts 9

2,188,932

4,252

2,285

40,735

2,236,204

286,832

7,117,129

4,107,004

122,344

25,618

1,242,765

-1,155,616

14,057,308

16,293,512

180,000

77,686

259

25,823

1,520,781

3,329,991

1,867,519

6,822,059

160,898

160,898

3,543,666

6,332

196,342

226,125

5,307,810

30,280

9,310,555

9,471,453

16,293,512

Loans and advances

Trade deposits, prepayments and other receivables Taxation- net

Sales tax refundable Cash and bank balances

TOTAL ASSETS

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorised share capital

18,000,000 (March 31, 2025: 18,000,000) ordinary shares of Rs. 10 each

Issued, subscribed and paid-up share capital 10

Capital reserves

General capital reserve

Reserve arising on amalgamation - net

Revaluation surplus on property, plant and equipment - net of tax

Revenue reserves

General reserve Accumulated profits

LIABILITIES

Non-current liabilities

Long-term loan

Current liabilities

Trade and other payables Unclaimed dividend Accrued profit / mark-up

Loan from director 11

Short-term borrowings 18.1

Current portion of long-term loan

TOTAL LIABILITIES

TOTAL EQUITY AND LIABILITIES

CONTINGENCIES AND COMMITMENTS 12

The annexed notes 1 to 23 form an integral part of these consolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)

FOR THE HALF YEAR AND QUARTER ENDED SEPTEMBER 30, 2025

Half Year Ended Quarter Ended

820,994

703,055

(3,344,304) (4,710,759)

5,531,753

4,047,359

11,096,804

13,817,654

(9,361,102) (11,453,324)

1,735,702 2,364,330

Note -------------------------------------- (Rupees'000) ----------------------------------

Revenue from customers - net 13

Cost of sales 14

Gross profit

Selling and distribution expenses Administrative and general expenses Other income

Other operating charges

Operating profit

Finance cost 15

Profit before tax

Taxation 16

Profit after taxation

Other comprehensive income for the period

Total comprehensive income for the period

-------------------------------------- (Rupees) ----------------------------------

35.70

65.09

6.96 9.19

Earnings per share (basic and diluted)

The annexed notes 1 to 23 form an integral part of these consolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025

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

-

The annexed notes 1 to 23 form an integral part of these consolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED)

FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Note

Half Year ended September 30,

2025 2024

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

Cash generated from operations 17.

Financial charges paid Income taxes paid

Increase in long-term deposits Decrease in long-term loans

Net cash flows generated from / (used in) operating activities CASH FLOWS FROM INVESTING ACTIVITIES

Payments for capital expenditure

Payments for acquisition of intangible asset Proceeds from disposal of operating assets Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term loans obtained Loan from director repaid Dividend paid

Short-term borrowings repaid

Net cash flows used in financing activities

Net decrease in cash and cash equivalents during the period

Cash and cash equivalents at the beginning of the period

Cash and cash equivalents at the end of the period 18

The annexed notes 1 to 23 form an integral part of these consolidated condensed interim financial statements.

Arif Hashwani Arshad Shehzada S. Haider Mehdi

Chairman

EXIDE PAKISTAN LIMITED

NOTES TO AND FORMING PART OF THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS (UNAUDITED)

FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025

1. THE COMPANY AND ITS OPERATIONS

   Exide Pakistan Limited (the Company) is a limited liability company and is incorporated on January 12, 1953 in Pakistan. The address of its registered office is A-44, Hill Street, Manghopir Road, S.I.T.E, Karachi, Pakistan. The Company is listed on the Pakistan Stock Exchange. The Company is engaged in the manufacturing and sale of batteries, chemicals and acid and in trading of solar energy solutions. Manufacturing facilities of the Company are located at S.I.T.E Karachi while facilities for chemicals and acid are located at S.I.T.E and Bin Qasim Karachi.

2. BASIS OF PREPARATION AND STATEMENT OF COMPLIANCE

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

      • Provisions of and directives issued under the Companies Act, 2017; and

      • Islamic Financial Accounting Standards (IFAS) issued by Institute of Chartered Accountants of Pakistan (ICAP) as notified under the Companies Act, 2017.

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

   2. These consolidated condensed interim financial statements represent the separate condensed interim financial statements of the Company. The consolidated condensed interim financial statements of the Company and its subsidiary company are presented separately.

   3. These consolidated condensed interim financial statements have been prepared under the historical cost convention except for inventories which are carried at lower of cost or net realisable value, land and buildings are stated at revalued amounts and defined benefit plan - gratuity are carried at present value.

   4. These consolidated condensed interim financial statements do not include all information and disclosures required in a full set of financial statements and should be read in conjunction with the consolidated annual audited financial statements of the Company for the year ended March 31, 2025.

   5. These condensed interim financial statements are presented in Pakistan Rupee, which is the Company's functional and presentation currency.

3. MATERIAL ACCOUNTING POLICY INFORMATION

   The material accounting policies adopted and the methods of computation of balances used in the preparation of these consolidated condensed interim financial statements are the same as those applied in the preparation of the consolidated annual audited financial statements of the Company for the year ended March 31, 2025.

4. ACCOUNTING ESTIMATES / JUDGEMENTS AND FINANCIAL RISK MANAGEMENT

   The preparation of these consolidated condensed interim financial statements in conformity with accounting and reporting standards requires the management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, income and expenses. It also requires the management to exercise judgment in application of its accounting policies. The estimates, judgments and associated assumptions are based on the management's experience and various other factors that are believed to be reasonable under the circumstances. These estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods. The significant judgments made by the management in applying the Company's accounting policies and the key resources of estimation and uncertainty were the same as those applied to the consolidated annual audited financial statements for the year ended March 31, 2025.

   The financial risk management objectives and policies are consistent with those disclosed in the consolidated annual audited financial statements of the Company for the year ended March 31, 2025.

   (Unaudited) (Audited)

   September 30, March 31,

   2025

1. PROPERTY, PLANT AND EQUIPMENT

   Operating assets

   Note

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

   2,178,908	2,058,086
   111,750	384,034
   9,985	-
   (13,109)	(63,887)
   (108,246)	(199,325)
   2,179,288	2,178,908
   28,052	10,024
   2,207,340	2,188,932

   Opening balance

   Additions during the period / year 5.1

   Transfers from CWIP during the period / year 5.3.2

   Disposals during the period / year 5.2

   Depreciation for the period / year Closing balance

   Capital work-in-progress 5.3

   1. The following additions have been made to operating assets during the half year ended September 30, 2025:

      Buildings on leasehold land Plant and machinery Furniture and fixtures

      Office equipment and appliances Owned vehicles

      Vehicles held under diminishing musharaka

      For the half year ended September 30,

      2025

(Unaudited)

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

September 30, March 31,

(Unaudited)

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

Plant and machinery

Vehicles held under diminishing musharaka

For the half year ended September 30,

(Unaudited)

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

Plant and machinery

1. INTANGIBLE ASSET Note

   Opening balance

   Additions during the period / year Depreciation for the period / year

   Closing balance

2. LONG-TERM DEPOSITS

   Unsecured Utilities Others

3. STOCK-IN-TRADE

   Raw and packing materials and components (including goods-in-transit amounting to Rs. 331.4 million (March 31, 2025: Rs. 530.9 million))

   Work-in-process Finished goods

   Less: provision against slow moving and obsolete stock-in-trade 8.1

   1. Provision against slow moving and obsolete stock-in-trade

      Opening balance

      Provision recognised during the period / year Closing balance

4. TRADE DEBTS - unsecured

   Trade Debts

   Less: allowance for expected credit losses 9.1

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

   4,252 -(1,021)	- 6,123 (1,871)
   3,231	4,252
   25,343 30,149	25,343 15,392
   55,492	40,735
   2,101,601 2,081,742 2,169,640	2,401,809 2,885,535 1,882,278
   6,352,983 (56,093)	7,169,622 (52,493)
   6,296,890	7,117,129
   52,493 3,600	47,054 5,439
   56,093	52,493
   5,313,733 (308,460)	4,415,464 (308,460)
   5,005,273	4,107,004
   308,460 -	277,073 31,387
   308,460	308,460

   1. Allowance for expected credit losses

      Opening balance

      Provision recognised during the period / year Closing balance

5. ISSUED, SUBSCRIBED AND PAID-UP SHARE CAPITAL

   September 30,

   2025

   (Unaudited) (Audited)

   2025

March 31, September 30, March 31,

2025

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

1. LOAN FROM DIRECTOR Note

   Unsecured

   Loan from director 11.1

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

   1,325

1. 1. During the period, the Loan from director has been repaid. The loan was subject to markup at the rate of Kibor+1% and was payable on demand.

2. CONTINGENCIES AND COMMITMENTS

   1. Contingencies

      Contingencies in consolidated condensed interim financial statements are the same as those disclosed in consolidated annual audited financial statements of the Company for the year ended March 31, 2025.

      (Unaudited) (Audited)

      September 30, March 31,

   2. Commitments

      Commitments in respect of:

      Letters of credit Letters of guarantee

3. REVENUE FROM CUSTOMERS - NET

   Sales Less:

   Sales tax

   Discounts to distributors and customers Net sales

   2025

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

For the half year ended September 30,

(Unaudited)

----------- (Rupees '000) -----------15% 15%

For the half year ended September 30,

1. COST OF SALES

   Raw and packing materials consumed Salaries, wages and benefits

   Spares consumed

   Rent, rates and taxes Fuel, power and water Insurance

   Repairs and maintenance Depreciation

   General expenses

   Opening stock of work-in-process Closing stock of work-in-process

   Cost of goods manufactured

   Opening stock of finished goods Closing stock of finished goods

2. FINANCE COST

   Profit on long-term loan

   Profit on short-term running musharakah Profit on short-term tijarah

   Profit on short-term istisna

   Mark-up on short-term running finance Mark-up on loan from director

   Mark-up on WPPF Bank charges

3. TAXATION

   Current - for the period

4. CASH GENERATED FROM OPERATIONS

Profit before tax

Adjustments:

Note

(Unaudited)

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

Depreciation Amortisation

Gain on disposal of property, plant and equipment - operating assets Provision against slow moving and obsolete stock-in-trade

Finance cost

Working capital changes 17.1