Transmission of 1st Quarterly Accounts for the period Ended 30 Sep 2025

‌1st Quarterly Report 2025-26

F C C L 1

1st Quarterly Report 2025-26

Company Information

Directors' Review

Condensed Interim Statement of Financial Position Condensed Interim Statement of Profit or Loss (Un-Audited)

Condensed Interim Statement of Comprehensive Income (Un-Audited) Condensed Interim Statement of Cash Flows (Un-Audited)

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

2

4

6

6

8

8 10

11

9

12

13

13

14 Notes to the Condensed Interim Financial Statements (Un-Audited)

22 Jama Punji Information

F C C L 2

1st Quarterly Report 2025-26

Lt Gen Anwar Ali Hyder, HI (M), Retd Chairman

Mr Qamar Haris Manzoor Chief Executive / MD

Maj Gen Tariq Qaddus, HI (M), Retd Director

Mr Khushid Zafar Qureshi Director

Syed Bakhtiyar Kazmi Director

Mr Mohammad Majid Munir Director

Syed Muhammad Irfan Aqueel Independent Director

Ms Maleeha Humayun Bangash Independent Director

Ms Saira Nasir Independent Director/Female Director

Company Secretary

Brig Kashif Naveed Abbasi, SI(M), Retd Fauji Towers, Block-III, 68 Tipu Road, Chaklala, Rawalpindi

Tel No. +92-51-9280075

Fax: +92-51-9280416

Email: abid.hussain@fccl.com.pk

Chief Financial Officer Mr. Omer Ashraf

Tel No. +92-51-5500157

Email: omer@fccl.com.pk

Marketing & Sales Department

Brig Aziz ul Hassan Usmani, SI(M), (Retd) Director (Marketing & Sales)

4th Floor, AWT Plaza, The Mall, Rawalpindi Tel No. +92-51-5523836,

+92-51-5528963-64, Fax No.+92-51-5528965-66

Email: adminmkt@fccl.com.pk

AUDITORS A.F.FERGUSON & CO.

Chartered Accountants,

Supply Chain Management Department

Tel No. +92-51-9281549

Fax No. +92-51-9280416

Syed Kamran Hassan

Director (Supply Chain Management) Email: kamran.hassan@fccl.com.pk

Human Resource Department Brig Mir Ameer Ali, SI(M), (Retd)

Director (Human Resource & Admin) Tel No. +92-51-9280084

Fax No. +92-51-9280416

Email: ameer.ali@fccl.com.pk

Email for E-Filing & E-Services

Email: secretaryoffice@fccl.com.pk

Production Locations

Near Village Jhang Bahtar, Tehsil Fateh Jang, District Attock

Tel Exchange: +92-572-538047-48,

74-East, 2nd Floor, Blue Area, Jinnah Avenue, P.O Box 3021, Islamabad-44000

Fax No. Near Wah District:

+92-572-2538138

+92-572-538025

Railway Station Tehsil Taxila,

Tel: +92(51)2273457-60/2604934-7

Rawalpindi

Tel No.

Fax: +92(51) 2277924, 2206473

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

Tel No.

+92-057-2520452-01,

+92-057-25200451

Legal Advisors

M/s ORR Dignam & Co Advocate Marina Height, 2nd Floor, 109 East Jinnah Avenue, Islamabad

Tel No. +92-51-2260517-8

Fax No. +92-51-2260653

Shares Registrar

M/s Corplink (Pvt) Limited Wings Arcade, 1-K, Commercial, Model Town, Lahore

Tel No. +92-42-35916714-19 &

+92-42-35869037

Fax No. +92-42-35869037

Email:corplink786@yahoo.com

Nizampur (Village Kahi) District: Nowshera Tel No. +92-0923-690141-42,

Tel No. +92-0923-610650

Zinda Peer, Mauza shadan Lund, Chack Ladan District Dera Ghazi Khan

Tel No.: 0333-1177197

Phase-IV Industrial Estate Hattar Tel No. 0995-352404

Registered Office

Fauji Cement Company Limited Fauji Towers, Block III, 68 Tipu Road, Chaklala, Rawalpindi

Tel No. +92-51-9280081-83

+92-51-5763321-24

Fax No. +92-51-9280416

Website https://http://www.fccl.com.pk

Audit Committee

F C C L 3

1st Quarterly Report 2025-26

Ms. Saira Nasir Chairperson

Syed Bakhtiyar Kazmi Member

Syed Muhammad Irfan Aqueel Member

Brig Kashif Naveed Abbasi, SI(M), Retd Secretary

Human Resource & Remuneration (HR&R) Committee

Ms. Maleeha Humayun Bangash Chairperson

Maj Gen Tariq Qaddus, HI (M), Retd Member

Ms Saira Nasir Member

Brig Kashif Naveed Abbasi, SI(M), Retd Secretary

Investment Committee

Mr Mohammad Majid Munir Chairperson

Mr Khushid Zafar Qureshi Member

Syed Muhammad Irfan Aqueel Member

Brig Kashif Naveed Abbasi, SI(M), Retd Secretary

Environmental, Social and Governance (ESG) Committee

Ms. Maleeha Humayun Bangash Chairperson

Maj Gen Tariq Qaddus, HI (M), Retd Member

Syed Muhammad Irfan Aqueel Member

Brig Kashif Naveed Abbasi, SI(M), Retd Secretary

• United Bank Limited

• Allied Bank Limited

• Bank Al-Falah Limited

• Habib Bank Limited

• MCB Bank Limited

• Meezan Bank Limited

• Askari Bank Limited

• Standard Chartered Bank (Pak) Limited

• National Bank of Pakistan

• The Bank of Punjab

• Faysal Bank Limited

• Bank Al-Habib Limited

• Al-Baraka Bank Pakistan Limited

• Habib Metropolitan Bank Limited

• JS Bank Limited

• The Bank of Khyber

• Bank Makramah Limited

• SAMBA Bank Limited

• First Women Bank Limited

‌Directors' Review

1st Quarterly Report 2025-26

The Board of Directors are pleased to present the first quarterly review along with un-audited financial statements for the quarter ended 30 September 2025.

Economic Overview

In first quarter of FY 26, Pakistan's economy showed signs of improvement with increase in cement dispatches, automobile production and allied industries despite devastating flood disruption.

Cement Industry and Company's Performance

Industry dispatches in Q1 FY 26 rose to 12.1 million tons as compared to 10.4 million tons in SPLY, an increase of 16 % (YoY). Break up of domestic and exports is as under:

(Quantity in million tons)

Company dispatches during Q1 FY 26 were 1.5 million tons as compared to 1.32 million tons of SPLY, an increase of 13% (YoY) mainly due to higher exports to Afghanistan. Breakup of local and export sales during the period, is as under:

(Quantity in million tons)

Financial Performance

During Q1, Gross Profit Ratio was 32%, slightly down from 34% in the SPLY. This is mainly attributable to low retention prices which was partially offset by higher dispatches and lower cost of production through cost optimization initiatives taken by the Management. Enhanced usage of local coal and alternative fuels, own production of PP bags, reduction in cost of power by increasing own power and optimization of fixed cost contributed towards achieving the overall results. The Company earned net profit of Rs 3,286 million compared to Rs 3,247 million in SPLY; showing a 1% increase year on year.

Future Outlook

The cement sector is likely to witness an increased demand due to rehabilitation work post floods and funds being allocated to infrastructure development. The prices are likely to stabilize at the current level and the exports are expected to sustain the momentum subject to the situation at the border being normalized. Management will continue its cost-saving efforts through solar capacity addition, PP plant expansion to meet its full requirements of bags, increased alternative fuel usage and exploring solutions to reduce its power cost.

‌1st Quarterly Report 2025-26

The Directors of the Company express their deep appreciation to the valued shareholders, customers, financial institutions, government departments, dealers, contractors and foreign & local suppliers for their support and cooperation. The Directors would also like to express their appreciation to all the employees and Management of the Company for their hard work resulting in a positive outcome for the quarter.

On behalf of the Board of Directors.

Lt Gen Anwar Ali Hyder, HI(M), Retd Chairman Board of Directors, FCCL Rawalpindi

October 27, 2025

Qamar Haris Manzoor

Chief Executive & Managing Director

‌

‌

‌EQUITY & LIABILITIES EQUITY AND RESERVES

Note

Rupees'000

Share capital 4

Capital reserve - Premium on issue of shares Revenue reserve - Accumulated profits

NON-CURRENT LIABILITIES

Long term loans - secured 5

Employee benefits Lease liabilities

Deferred government grant Deferred tax liabilities - net

CURRENT LIABILITIES

Loan from Parent - unsecured Trade and other payables Accrued liabilities

Security deposits payable Contract liabilities Unclaimed dividend

Short term borrowings - secured 6

Current portion of lease liability Current portion of long term loans

Current portion of deferred government grant 5

TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTS 7

24,528,476

15,253,134

44,490,598

84,272,208

24,208,633

283,590

101,211

1,647,630

19,694,422

45,935,486

7,572,186

3,934,508

9,076,142

570,602

588,076

41,182

2,192,462

43,099

6,104,065

515,175

30,637,497

160,845,191

The annexed notes 1 to 16 form an integral part of these condensed interim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

Chief Executive Officer

Director

Chief Financial Officer

Note

F C C L 10

1st Quarterly Report 2025-26

Quarter Ended

Revenue - net 9

Cost of sales 10

Gross profit

Other income

Selling and distribution expenses 11

Administrative expenses

Other expenses 12

Operating profit

Finance cost Finance income Net finance cost

Profit before taxation Income tax expense Profit for the period

Earnings per share - basic and diluted (Rupees)

The annexed notes 1 to 16 form an integral part of these condensed interim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

‌Quarter Ended

30 September 2025 30 September 2024

Rupees'000 Rupees'000

Profit for the period

Other comprehensive income

Total comprehensive income

3,286,437 3,246,726

- -

3,286,437 3,246,726

The annexed notes 1 to 16 form an integral part of these condensed interim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

‌Cash flows from operating activities

Profit before tax

Adjustments for:

Depreciation

Depreciation on right of use asset Amortization of intangibles Deferred grant

Provision for compensated absences

Workers' (Profit) Participation Fund including interest Workers' Welfare Fund

Finance cost excluding exchange loss Exchange loss

(Gain)/ loss on disposal of property, plant and equipment Investment and bank deposits income

Operating cash flows before working capital changes

Changes in

Stores, spares and loose tools Stock in trade

Trade debts Advances

Trade deposits and short term prepayments Sales tax refundable

Other receivables Trade and other payables Accrued liabilities

Short term borrowings - secured Security deposits payable Contract liabilities

Compensated absences paid

Payment to Workers' (Profit) Participation Fund Taxes paid

Net cash generated from operating activities

Cash flows from investing activities

Additions in property, plant and equipment excluding borrowing cost

Short term investments - net

Proceeds from disposal of property, plant and equipment Interest received on bank deposits

Net cash used in investing activities

Cash flows from financing activities Repayment of long term loans Lease payments

Dividend paid

Mark up paid on loan from parent Finance cost paid

Net cash used in financing activities

Decrease in cash and cash equivalents

Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period

Cash and cash equivalents comprise of the following: Cash and bank balances

Short term running finances

Quarter Ended

30 September 2024

Rupees'000

5,232,841

1,166,721

5,098

53,036

(148,252)

42,010

283,839

82,833

1,664,318

1,476

240

(320,195)

2,831,124

8,063,965

(1,044,571)

503,016

(1,029,558)

(126,834)

(235,301)

-230,533

541,429

571,493

(285,000)

20,510

268,456

(585,827)

(118,736)

(152,927)

(545,286)

6,661,189

(504,468)

(4,570,583)

1,221

307,304

(4,766,526)

(1,337,950)

(12,201)

-

-(1,280,730)

(2,630,881)

(736,218)

2,768,550

2,032,332

2,327,575

(295,243)

2,032,332

The annexed notes 1 to 16 form an integral part of these condensed in terim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

‌Share capital Capital reserve Revenue reserve

1st Quarterly Report 2025-26

Ordinary Premium on Accumulated Total

13

The annexed notes 1 to 16 form an integral part of these condensed interim financial statements.

F C C L

Chief Executive Officer

Director

Chief Financial Officer

1. ‌COMPANY AND ITS OPERATIONS

   1. Fauji Cement Company Limited ("the Company") is a public limited company incorporated in Pakistan on November 23, 1992 under the Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act, 2017 on May 30, 2017). The Company commenced its business with effect from May 22, 1993. The Company was listed on Pakistan Stock Exchange on October 9, 1996. Fauji Foundation is majority shareholder with a shareholding of 61.65%. The principal activity of the Company is manufacturing and sale of different types of cement and tile bond.

      The geographical location and address of the Company's business units, including plants is as under:

      -The Company's registered office is situated at Fauji Towers, Block-III, 68-Tipu Road, Rawalpindi.

      -The Company's marketing and sales office is situated at AWT Plaza, The Mall, Rawalpindi.

      -The Company's manufacturing facilities are located at:

      Village Jhang Bahtar, Tehsil Fateh Jang in district Attock Railway Station Wah in district Rawalpindi Village Kahi, Nizampur in district Nowshera Zinda Peer in district Dera Ghazi Khan Hattar in district Harripur

2. BASIS OF PREPARATION AND STATEMENT OF COMPLIANCE

   These condensed interim financial statements for three month period ended 30 September 2025 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:

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

   2. Provisions of and directives issued under the Companies Act, 2017.

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

   The disclosures in these condensed interim financial statements does not include all of the information required for annual financial statements and should be read in conjunction with the annual financial statements of the Company as at and for the year ended June 30, 2025.

3. SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES

   The accounting policies, significant judgments made in the application of accounting policies, key sources of estimations, the methods of computation adopted in preparation of these condensed interim financial statements and financial risk management policy are the same as those applied in preparation of audited annual financial statements for the year ended 30 June 2025.

4. SHARE CAPITAL

   There is no change in composition of authorised, issued, subscribed and paid up share capital of the Company from 30 June 2025.

5. ‌LONG TERM LOANS

   Un-audited Note 30 September 2025

   Rupees' 000

   5.1 30,957,951

   Loans from banking companies (under mark up arrangements)

   Less: Current portion shown under current
   	liabilities	(4,022,929)	(3,925,937)
   	Deferred portion of grant income	(3,815,485)	(3,860,711)
   	Transaction cost	(74,789)	(82,107)
   		23,044,748	24,208,633
   Movement in this account during the period/ year is as follows:
   Opening balance			32,077,388	36,734,503
   Principal repayment during the period/ year			(1,119,437)	(4,657,115)
   Closing balance			30,957,951	32,077,388

   Term finance facilities

   Audited 30 June 2025

   Rupees' 000

   32,077,388

   2. Current Portion

      Current portion of loan	4,022,929	3,925,937
      Markup accrued	2,343,118	2,178,128
      	6,366,047	6,104,065

   3. There is no significant change in the terms and conditions of the long term loans as disclosed in the annual audited financial statements as at and for the year ended June 30, 2025.

6. SHORT TERM BORROWINGS (SECURED)

   There is no significant change in the terms and conditions of the short term borrowings as disclosed in the annual audited financial statements as at and for the year ended June 30, 2025.

7. CONTINGENCIES AND COMMITMENTS

   1. Contingencies

      There is no significant change in the contingent liabilities as reported in the financial statements for the year ended 30 June 2025 except for the following:

      1. Deputy Commissioner Inland Revenue through his order dated September 03, 2025 disallowed rightfully claimed input sales tax amounting to Rs. 1,365 million (plus hundred percent penalty) alleging that Company has claimed aforesaid input sales tax on the basis of invoices that were issued by suspended suppliers or are flying/fake, despite the fact that all related documentation

         i.e goods receipt notes, invoices of suppliers, payment to suppliers through banking channel etc was provided. Being aggrieved, the Company has filed an appeal against aforesaid order before Commissioner Inland Revenue (Appeals) on September 24, 2025 which is pending for adjudication. The management and its advisor are of the view that the ultimate outcome of this case is expected to be favorable. Accordingly, no provision has been recognized in the financial statements in this regard.

      2. The Company is contingently liable in respect of guarantees amounting to Rs. 4,209 million (June 30, 2025: Rs. 3,457 million) issued by banks on behalf of the Company in the normal course of business.

   2. Commitments

      The Company has outstanding letters of credit for the import of spare parts valuing Rs. 723 million (30 June 2025: Rs. 543 million).

8. ‌PROPERTY, PLANT AND EQUIPMENT

   Opening book value

   Additions during the period/ year Written down value of disposals Depreciation for the period/year Closing book value

9. REVENUE-NET

   Sales - Local

   • Export

     Less: - Sales tax

   • Excise duty

   • Rebates and discounts

   • Export development surcharge

10. COST OF SALES

    Raw materials consumed Packing material consumed Stores and spares consumed Salaries, wages and benefits Rent, rates and taxes Insurance

    Fuel consumed Power consumed

    Depreciation on property, plant and equipment Technical assistance

    Printing and stationery Traveling and conveyance

    Vehicle running and maintenance expenses Communication and other expenses Security services

    Water conservancy charges

    Add: Opening work-in-process Less: Closing work-in-process Cost of goods manufactured

    Add: Opening finished goods Less: Closing finished goods

    Less: Own consumption

    Audited 30 June 2025

    Un-audited 30 September 2025

    Rupees'000

    109,579,089

    671,823

    -

    (1,213,883)

    109,037,029

Rupees'000

110,845,663

3,477,647

(37,828)

(4,706,393)

109,579,089

Audited

June 30, 2024

Rupees' 000

Quarter Ended (Un-audited)

1. SELLING AND DISTRIBUTION EXPENSES

   This includes an amount of Rs. 545,024 thousand (30 September 2024: Rs. 514,355 thousand) incurred during quarter ended 30th September 2025 as freight charges.

   30 September 2025 30 September 2024

   Rupees'000 Rupees'000

   283,642

   279,772

   84,480 82,833

   368,122 362,605

   ‌Quarter Ended Un-audited

2. OTHER EXPENSES

   Workers' Profit Participation Fund Workers' Welfare Fund

3. RELATED PARTY TRANSACTIONS

   There is no significant change in relationship with related parties during the period. Significant transactions and balances with related parties are as follows:

   Balances with related parties Fauji Foundation

   Payable against cost charged Payable against CSR activities Mark-up payable on loan

   Fauji Fertilizer Company Limited

   Dividend payable on ordinary shares

   Fauji Oil Terminal and Distribution Company Limited

   Dividend payable on ordinary shares

   FFBL Power Company Limited

   Payable against material sample analysis

   Askari Bank Limited Balance in bank accounts Loan payable

   Export refinance payable

   Balances with other related parties

   Payable to employees' provident fund including employe Dividend payable to chief executive and directors

   Audited

   Un-audited 30 September 2025 Rupees'000
   	18,898
   	-
   	-
   	131,836
   	26,367
   	39
   	169,376
   	1,796,617
   	1,500,000
   's share	36,757
   	13

   30 June 2025

   Rupees'000

   29,468

   7,649

   185,186

   -39

   97,553

   1,926,817

   1,649,000

   37,805

   -

   30 September 2025	30 September 2024
   Rupees'000	Rupees'000
   1,549	751
   98,080	84,424
   10,896	10,184
   104,422	75,727
   -	31,417
   15,545	14,805
   370,362	-
   1,890,202	-
   -	11,624
   -	213,620
   -	9,129
   -	4,565
   8,321	6,322

   Quarter Ended

   Transactions with related parties Fauji Foundation

   Payment for use of medical facilities Donation paid to Fauji Foundation

   Payment of rent, utilities and other reimbursements Payment against cost charged

   Payment against letter of support fee Reimbursement against CSR activities Mark-up paid on loan

   Payment of dividend on ordinary shares

   Foundation Solar Energy (Pvt) Limited

   Payment against supply of solar equipment

   Cherat Packaging Limited

   Payment against supply of packing material

   TPL Insurance Limited

   Payment against insurance premium

   Habib Insurance Company Limited

   Payment against insurance premium

   Mari Energies Limited

   Payment/ expense against supply of crude oil

   30 September 2025 30 September 2024

   Rupees'000 Rupees'000

   FFBL Power Company Limited

   Payment/ expense against material sample analysis

   Askari Bank Limited

   -

   53

   Transactions with other related parties

   Remuneration including benefits and perquisites to Chief Executive

   Remuneration including benefits and perquisites to key management personnel

   31,877

   78,963

   29,388

   69,146

   ‌Quarter Ended

   Principal repayment of loan	130,200	940,331
   Bank charges	790	3,837
   Interest paid on export re-finance	12,173	23,225
   Interest paid on long term loans	11,532	101,643
   Profit received on deposit accounts	1,300	1,574
   Receipts against rent and utilities	217	-

   Payments made into employees' provident fund including employee's share	111,486	97,677
   Expense of employees' provident fund	46,473	43,674
   Payment of director's fee	1,875	1,725

4. FINANCIAL INSTRUMENTS - FAIR VALUES AND RISK MANAGEMENT

   Fair value is the amount that would be received on sale of an asset or paid on transfer of a liability in an orderly transaction between market participants at the measurement date. Consequently, differences can arise between carrying values and 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 fair value of financial assets and liabilities traded in active markets i.e. listed equity shares are based on the quoted market prices at the close of trading on the period end date. The quoted market prices used for financial assets held by the Company is current bid price. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm's length basis.

   IFRS 13 'Fair Value Measurements' requires the Company to classify fair value measurements 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:

   • Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).

   • Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).

   • Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3).

   Notes to the Condensed Interim Financial Statements (Un-Audited) For the Quarter Ended 30 September 2025

   1. ‌The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy.

      On-balance sheet financial instruments		Carrying amount			Fair	value
      30 September 2025	Amortized Cost	FVTPL	Total	Level 1	Level 2	Level 3		Total
      				Rupees '000
      Financial assets not measured at fair value
      										Trade debts - net of impairment loss	6,970,667	-	6,970,667	-	-	-		-
      Other receivables	72,080	-	72,080	-	-	-		-
      Trade deposits	56,207	-	56,207	-	-	-		-
      Cash and bank balances	1,634,985	-	1,634,985	-	-	-		-
      	8,733,939	-	8,733,939	-	-	-		-
      Financial assets measured at fair value
      Long term deposits	-	133,425	133,425	-	-	133,425		133,425
      Short term investments	-	17,395,479	17,395,479	17,395,479	-	-		17,395,479
      	-	17,528,904	17,528,904	17,395,479	-	133,425		17,528,904
      Financial liabilities not measured at fair value
      Long term loans (including current portion)	29,410,795	-	29,410,795	-	-	-		-
      Employee benefits (including current portion)	370,798	-	370,798	-	-	-		-
      Loan from Parent - unsecured	7,387,000	-	7,387,000	-	-	-		-
      Creditors	1,661,172	-	1,661,172	-	-	-		-
      Retention money	271,490	-	271,490	-	-	-		-
      Other liabilities	570,508	-	570,508	-	-	-		-
      Payable to employees' provident fund trust	36,757	-	36,757	-	-	-		-
      Accrued liabilities	9,421,852	-	9,421,852	-	-	-		-
      Security deposits payable	568,168	-	568,168	-	-	-		-
      Unclaimed dividend	40,942	-	40,942	-	-	-		-
      Short term borrowings - secured	2,154,887	-	2,154,887	-	-	-		-

      F C C L

      19

      1st Quarterly Report 2025-26

      51,894,369 - 51,894,369 - - - -

      On-balance sheet financial instruments		Carrying amount							Fair value
      30 June 2025	Amortized Cost	FVTPL			Total Level 1				Level 2			Level 3			Total
      					Rupees '000
      Financial assets not measured at fair value
      Trade debts - net of impairment loss	6,911,322	-			6,911,322			-	-				-			-
      Other receivables	48,492	-			48,492			-	-				-			-
      Trade deposits	55,427	-			55,427			-	-				-			-
      Cash and bank balances	2,665,338	-			2,665,338			-	-				-			-
      	9,680,579	-			9,680,579			-	-				-			-
      Financial assets measured at fair value
      Long term deposits		-		133,425		133,425		-		- 133,425			133,425
      Short term investments		-		9,210,100		9,210,100		9,210,100		- -			9,210,100
      		-		9,343,525		9,343,525		9,210,100		- 133,425			9,343,525
      Financial liabilities not measured at fair value
      Long term loans (including current portion)		30,312,698		-		30,312,698		-		- -			-
      Employee benefits (including current portion)		419,511		-		419,511		-		- -			-
      Lease liability (including current portion)		144,310		-		144,310		-		- -			-
      Loan from parent-unsecured		7,572,186		-		7,572,186		-		- -			-
      Creditors		2,034,141		-		2,034,141		-		- -			-
      Retention money		479,895		-		479,895		-		- -			-
      Other liabilities		609,276		-		609,276		-		- -			-
      Payable to employees' provident fund trust		37,806		-		37,806		-		- -			-
      Accrued liabilities		9,076,142		-		9,076,142		-		- -			-
      Security deposits payable		570,602		-		570,602		-		-			-
      Unclaimed dividend	41,182		-		41,182		-		-		-		-
      Short term borrowings - secured	2,192,462		-		2,192,462		-		-		-		-
      	53,490,211		-		53,490,211		-		-		-		-

      20

F C C L

1st Quarterly Report 2025-26

1. DATE OF AUTHORIZATION FOR ISSUE

   These condensed interim financial statements were authorized for issue by the Board of Directors of the Company in their meeting held on 27 October 2025.

2. GENERAL

Figures have been rounded off to the nearest thousand of rupees unless otherwise stated.

Chief Executive Officer

Director

Chief Financial Officer

‌Jama Punji

F C C L

1st Quarterly Report 2025-26