Transmission of Half Yearly Accounts for the Period Ended 31 December 2025

ATURE

Half Yearly

F C C L 1

Half Yearly Report 2025-26

https://www.fccl.com.pk

Company Information

Directors' Review

Independent Auditors' Review Report

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)

2

4

6

6

8

8 10

11

9

12

13

13

24

14 Condensed Interim Statement of Changes in Equity (Un-Audited) Notes to the Condensed Interim Financial Statements (Un-Audited)

28 Jama Punji Information

Board of Directors

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

Chairman

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Half Yearly Report 2025-26

Mr Qamar Haris Manzoor

Maj Gen Tariq Qaddus, HI(M), Retd Mr Khurshid Zafar Qureshi

Syed Bakhtiyar Kazmi

Mr Mohammad Majid Munir Syed Muhammad Irfan Aqueel Ms Maleeha Humayun Bangash Ms Saira Nasir

Chief Exrecutive / MD Director

Director Director Director

Independent Director Independent Director

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: kashif.abbasi@fccl.com.pk

Chief Financial Officer

Mr. Omer Aahraf

Tel No. +92-51-5500157

Email: omer@fccl.com.pk

Marketing & Sales

Brig Salah Ud Din Ayubi, SI(M), Retd Director (Marketing & Sales)

Supply Chain Management Department Syed Kamran Hassan

Director (Supply Chain Management) Tel No. +92-51-9281549

Fax No. +92-51-9280416

Email: kamran.hassan@fccI.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.aIi@fccI.com.pk

4elN

'' AWT

I' a1-

T eMa6. Rawalpindi

992t51 s 64,

Fax No. :8 i6g.

Email: adminmkt@fccl.com.pk

AUDITORS A.F.FERGUSON & CO.

Chartered Accountants,

Email for E-Filling & E-Services Email: secretaryoffice@fccl.com.pk

Production Locations

a

4nna h A2enFe, P.B'B

e A

3 2'1,

Fauji Cement Compan Limited Near Village Jhang Bahtar,

Tea" 2(d1)2000457-60/2604934-37 Fax: +92(51) 2277924, 2206473

Tehsil Fateh Jang, District Attock Tel Exchange: +92-572-538047-48,

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

Fax No.

+92-572-2538138

+92-572-538025

Legal Advisors

Mls ORR Dignam & Co Advocate Marina Height, 2" Floor,

109 East Jinnah Avenue, Islamabad

Tel No. +92-51-2260517-8

Fax No. +92-51-2260653

Shares Registrar

Mls Corplink (Pvt) Limited

de ommercial,

Mid‹ t‹ Lahor

Near Wah Railway Station Tehsil Taxila, District: Rawalpindi

Tel No. +92-057-2520452-01,

Tel No. +92-057-25200451

Basti Hamdani, Shadan Lund, District Dera Ghazi Khan

Tel No.: 0333-11771g7

Tel No. 92 2 359 6

g 6o3

4 19 &

Polypropylene Bags Plant

Phase-IV Industrial Estate Hattar

Fax No. +92-42-35869037

Email:corgIink786@yahoo.com

Tel No. 0995-352404

Registered OWice

Fauji Cement Company Limited

68 Tipu Road,

aa'kTI ,RaBalpind!'

Tel No.

5

• 92-s ! -/2///81-23'

Fax No. +92-51-9280416

Website

Audit Committee Ms Saira Nasir

Syed Bakhtiyar Kazmi

Syed Muhammad Irfan Aqueel

Brig Kashif Naveed Abbasi, SI(M), Retd

Human Resource & Remuneration (HR&R) Committee Ms Maleeha Humayun Bangash

Maj Gen Tariq Qaddus, HI (M), Retd

Ms Saira Nasir

Brig Kashif Naveed Abbasi, SI(M), Retd

Investment Committee

Mr Mohammad Majid Munir Mr Khurshid Zafar Qureshi Syed Muhammad Irfan Aqueel

Brig Kashif Naveed Abbasi, SI(M), Retd

Environmental Social and Governance (ESG) Committee

Ms Maleeha Humayun Bangash Maj Gen Tariq Qaddus, HI (M), Retd Syed Muhammad Irfan Aqueel

Brig Kashif Naveed Abbasi, SI(M), Retd

Bankers

• United Bank Limited

• Allied Bank Limited

• Bank Al-Fatah Limited

• Habib Bank Limited

• MCB Bank Limited

• Meezan Bank Limited

• Askari Bank Limited

  Standard Chartered Bank (Pak) Limited

• National Bank of Pakistan

• Bank of Punjab

• Faysal Bank Limited

• Bank Al-Habib Limited

• Al-Baraka Bank Pakistan Limited

• Bank Islami Pakistan Limited Habib Metropolitan Bank Limited

• JS Bank Limited

• Bank of Khyber

• Bank Makramah Limited

• SAMBA Bank Limited

First Women Bank Limited

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Half Yearly Report 2025-26

Chairperson Member Member Secretary

Chairperson Member Member Secretary

Chairperson Member Member Secretary

Chairperson Member Member Secretary

Directors' Review

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Half Yearly Report 2025-26

2025

(Quantity in million tons)

Company's dispatches in 1st half FY-26 were 2.98 million tons as compared to 2.81 million tons in SPLY; local sales increased by 8% (YoY), while export sale dropped by 9% due to Afghan border closure. Break up of local/ export sales is as under: -

(Quantity in million tons)

During 1st half of FY 26, Company earned net revenue of Rs 47,353 million as compared to Rs 47,844 million in SPLY. The decrease in revenue is generally attributable to reduction in cement prices and export sales volumes. Gross Profit margin remained 33% as compared to 35% in SPLY.

Despite increase in local coal prices due to closure of Afghan border, Company managed to keep costs under control (2% increase over SPLY) by enhancing own power generation, using multiple type of alternative fuels, meeting almost 100% packing bags requirement through self-production and optimizing fixed cost.

The Company earned a PAT of Rs 7,317 million as compared to Rs 7,267 million in SPLY, an increase of 1% (YoY) with net profit ratio of 15%.

Outlook

Local dispatches are expected to remain stable during next six months. Exports depend on the border situation since Afghanistan is the only viable market for the Company due to logistics cost of sending by sea. Lower interest rates will help reduce financial charges. The Management will continue its efforts on cost optimization to deliver the best possible results.

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Half Yearly Report 2025-26

Acknowledgment

The Directors of the Company would like to extend their sincere appreciation to our valued shareholders and other stakeholders for their continued support and collaboration. Additionally, the Directors wish to express their gratitude to all Employees and Management for their dedication and hard work, which have contributed to a positive outcome in the first half of FY-26.

On behalf of the Board of Directors.

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

Qamar Haris Manzoor

Chief Executive & Managing Director

Rawalpindi Rawalpindi

25 thFebruary 2026

7

Half Yearly Report 2025-26

Half Yearly Report 2025-26

To the members of Fauji Cement Company Limited Report on review of Interim Financial Statements Introduction

We have reviewed the accompanying condensed interim statement of financial position of Fauji Cement Company Limited (the Company) as at December 31, 2025 and the related condensed interim statement of profit or loss, condensed interim statement of comprehensive income, condensed interim statement of changes in equity, and condensed interim statement of cash flows, and notes to the condensed interim financial statements for the six-month period then ended (here-in-after referred to as the "interim financial statements"). Management is responsible for the preparation and presentation of these 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 interim 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 interim financial statements are not prepared, in all material respects, in accordance with the accounting and reporting standards as applicable in Pakistan for 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 condensed interim statement of profit or loss, condensed interim statement of comprehensive income and notes thereto for the three months period ended December 31, 2025 and 2024 have not been reviewed by us.

The engagement partner on the audit resulting in this independent auditor's report is JehanZeb Amin.

A. F. Ferguson & Co. Chartered Accountants Islamabad

Date: 26 February 2026

UDIN: RR2025100832Ssa1yKv7

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Half Yearly Report 2025-26

EQUITY & LIABILITIES EQUITY AND RESERVES

Note

Audited June 30, 2025

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 6

CURRENT LIABILITIES

Loan from Parent - unsecured Trade and other payables Accrued liabilities

Security deposits payable Contract liabilities Unclaimed dividend

Short term running finance - secured 7

Current portion of lease liabilities

Current portion of long term loans 5

Current portion of deferred government grant TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTS 8

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 19 form an integral part of these condensed interim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

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Half Yearly Report 2025-26

Chief Executive Officer

Director

Chief Financial Officer

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Half Yearly Report 2025-26

Note

Revenue - net 13

Cost of sales 14

Gross profit

Other income

Selling and distribution expenses 15

Administrative expenses Other expenses Operating profit

Finance cost Finance income Net finance cost

Profit before taxation

Income tax expense

Profit for the period

Earnings per share - basic & diluted (Rupees)

Three month period ended Six month period ended

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

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Half Yearly Report 2025-26

Profit for the period

Other comprehensive income

Total comprehensive income for the period

Three month period ended Six month period ended

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

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Half Yearly Report 2025-26

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Half Yearly Report 2025-26

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.

Chief Executive Officer

Director

Chief Financial Officer

Share capital Capital reserve Revenue reserve Total

Ordinary shares Premium on issue of

shares

Accumulated profits

Half Yearly Report 2025-26

---------------------------------------Rupees'000---------------------------------------

15

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.

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Chief Executive Officer

Director

Chief Financial Officer

For the Six Month Period Ended December 31, 2025 Half Yearly Report 2025-26

1. THE 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. The Company is a subsidiary of Fauji Foundation with a shareholding of 61.65% (2024: 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, District Dera Ghazi Khan

      • Hattar, District Haripur

   2. During the period, the Company communicated Pakistan Stock Exchange (PSX) the decision of its Board to acquire 42.03% of the paid-up share capital of Attock Cement Pakistan Limited subject to various conditions including regulatory approvals. Subsequent to the period being reported under these condensed interim financial statements, the Company informed PSX that Share Purchase Agreement has been entered into by the Company along Kot Addu Power Company Limited (collectively the Purchasers) and Pharaon Investment Group Limited Holding S.A.L. (the Sellers) for the acquisition of 84.06% of the total issued and paid-up capital and the transaction is subject to the issuance of a public offer by the Purchasers pursuant to the Securities Act, 2015 and listed companies (substantial acquisition of voting shares and takeovers) regulations, 2017, receipt of requisite approvals including clearance from the Competition Commission of Pakistan and the satisfaction of other closing formalities.Thereafter, on February 16, 2026, the Company informed PSX about the public announcement of offer to acquire further 7.97% ordinary shares of ACPL jointly by the Purchasers subject to receipt of requisite approvals.

2. BASIS OF PREPARATION AND STATEMENT OF COMPLIANCE

   1. Statement of compliance

      These condensed interim financial statements for six months period ended December 31, 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:

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

      ii) 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.

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

      F C C L 17

      For the Six Month Period Ended December 31, 2025

      Half Yearly Report 2025-26

   2. These condensed interim financial statements do not include all the information reported for full annual financial statements and should therefore be read in conjunction with the annual financial statements of the Company for the year ended June 30, 2025. Comparative condensed interim statement of financial position is extracted from annual financial statements as at June 30, 2025 whereas comparative condensed interim statement of profit or loss, condensed interim statement of comprehensive income, condensed interim statement of changes in equity and condensed interim statement of cash flows are extracted from un-audited condensed interim financial statements of the Company for the six month period ended December 31, 2024.

   3. These condensed interim financial statements are un-audited and are prepared in compliance with the requirements of Section 237 of the Companies Act, 2017 as well as the listing regulatios of the Pakistan Stock Exchange.

3. MATERIAL ACCOUNTING POLICY INFORMATION AND OTHER ACCOUNTING POLICIES

   The material and other accounting policies, significant judgements made in the application of accounting policies, key sources of estimations, the method of computations adopted in preparation of these condensed interim financial statements and financial risk management policy are the same as those applied in preparation of annual financial statements of the Company for the year ended June 30, 2025. The management also believes that standards, amendments to published standards and interpretations that are effective for the Company from accounting periods beginning on or after 01 July 2025 do not have any significant effect on these interim financial statements or are not relevant to the Company.

4. SHARE CAPITAL

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

   2. Fauji Foundation holds 1,512,162 thousand (2025: 1,512,162 thousand) ordinary shares of the Company at the period end. In addition Fauji Fertilizer Company Limited and Fauji Oil Terminal & Distribution Company Limited are related parties that hold 105,469 thousand (2025: 105,469 thousand) and 21,094 thousand (2025: 21,094 thousand) ordinary shares respectively of the Company at the period end, whereas 55 thousand (2025: 55 thousand) shares are held by Directors of the Company.

      Un-audited December 31, 2025 Rupees' 000 30,462,892 (3,932,263) (3,703,282) (67,470)	Audited June 30, 2025 Rupees' 000 32,077,388 (3,925,937) (3,860,711) (82,107) 24,208,633
      22,759,877
      32,077,388 (1,614,496)		36,734,503 (4,657,115)
      30,462,892		32,077,388

5. LONG TERM LOANS-SECURED

   Loans from banking companies (under Note mark up arrangements)

   Term finance facilities 5.1

   Less: Current portion shown under current liabilities Deferred portion of grant income

   Transaction cost

   1. Movement during the period / year is as follows: Opening balance

Principal repayment during the period / year Closing balance

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Half Yearly Report 2025-26

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8.2 Commitments

Outstanding letters of credit for import of plant and machinery, spare parts and fuel

Half Yearly Report 2025-26

Un-audited Audited

December 31, 2025 June 30, 2025

Rupees' 000 Rupees' 000

2,741,164 542,893

9.2 Following additions were made during the period / year in operating fixed assets:

Operating Fixed Assets

Freehold land Leasehold land Buildings on freehold land

Buildings on leasehold land Plant and machinery Office equipment Computers

Electric installation and other equipment Furniture and fittings

Motor vehicles

Road and related development

1. RIGHT OF USE ASSETS

   Leasehold Properties

   Opening net book value Additions during the period/year Modification of lease Deletions during the period/year

   Depreciation charged during the period / year

   Closing net book value

   Audited June 30, 2025

   Un-audited December 31, 2025 Rupees'000 - -58,507 -484,163 4,097 19,904 17,101 1,581 48,960 -

   634,313

   126,445 -94,012 -(29,662)

   190,795

   Rupees'000

   39,262

   202,632

   172,467

   105,800

   2,897,562

   19,596

   24,882

   20,397

   7,415

   199,262

   78,311

   3,767,586

   131,165

   33,605

   22,327

   (9,339)

   (51,313)

   126,445

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

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   Un-audited December 31, 2025 Rupees'000

   250,000

   23,264,476

   1,218,709

   24,733,185

   For the Six Month Period Ended December 31, 2025
2. SHORT TERM INVESTMENTS

   Term finance certificates - conventional Open ended mutual funds - conventional Open ended mutual funds - Islamic

3. CASH AND BANK BALANCES

   Cash at banks

   Half Yearly Report 2025-26

   Audited June 30, 2025

   Rupees'000

   250,000

   8,658,428

   301,672

   9,210,100

   Deposit accounts Conventional banks	316,240	2,029,769
   Islamic banks	152,485	1,670
   Term deposit receipts
   Conventional banks	-	85,500
   Islamic banks	568,724	500,000
   Current accounts
   Conventional banks	78,562	47,893
   Islamic banks	7,176	122
   1,123,187		2,664,954
   Cash in hand	1,350	384
   	1,124,537	2,665,338

   December 31, 2025 Rupees'000 67,423,539 3,755,048

   71,178,587

   11,138,096 10,751,871 1,923,961 11,175

   23,825,103

   47,353,484

   Three months period ended Six months period ended

4. REVENUE - NET

   The disaggregation of turnover from contracts with customers is as follows:

   Sales - Local

   • Export

     Less: - Sales tax

   • Excise duty

   • Rebates and discounts

   • Export development surcharge

   December 31, 2024 Rupees'000

   December 31, 2025 Rupees'000 36,180,809 372,283

   36,553,092

   5,997,907 5,807,319 809,828 2,366

   12,617,420

   23,935,672

   34,851,879

   2,038,911

   36,890,790

   5,678,533

   5,323,453

   995,804

   5,043

12,002,833

24,887,957

December 31, 2024 Rupees'000

66,067,839

4,142,408

70,210,247

22,365,884

47,844,363

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Half Yearly Report 2025-26

Three months period ended Six months period ended

1. COST OF SALES

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

   Fuel consumed Power consumed

   Depreciation Technical assistance Printing and stationery

   Traveling and conveyance

   Vehicle running and maintenance expenses Security services Communication, establishment and other expenses

   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

2. SELLING AND DISTRIBUTION EXPENSES

   December 31, 2024 Rupees'000

   2,949,682

   875,535

   678,062

   1,288,992

   29,141

   87,240

   6,224,428

   2,571,080

   1,149,688

   10,134

   2,399

   48,476

   23,997

   114,614

   62,187

   226

   16,115,881

   4,318,080

   (4,560,736)

   15,873,225

   1,199,480

   (1,083,513)

   15,989,192

   (2,504)

   15,986,688

   December 31, 2024 Rupees'000

   5,330,135

   1,710,267

   1,326,009

   2,580,138

   55,745

   174,688

   11,411,258

   5,108,404

   2,288,897

   22,706

   5,329

   96,356

   46,605

   204,607

   114,302

   1,568

   30,477,014

   5,355,426

   (4,560,736)

   31,271,704

   898,627

   (1,083,513)

   31,086,818

   (27,555)

   31,059,263

   This includes an amount of Rs. 666,956 thousand (2024: Rs. 514,775 thousand) for quarter ended December 31, 2025 and amount of Rs. 1,211,980 thousand (2024: Rs. 1,029,130 thousand) for half year ended December 31, 2025 as freight charges related to sales made during respective periods.

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Half Yearly Report 2025-26

1. RELATED PARTY TRANSACTIONS AND BALANCES

   Un-audited December 31, 2025 Rupees'000

   7,387,000

   65,208

   186,193

   7,773

   1,791,416

   174,030

   1,500,000

   39

   20,300

   36,331

   Un-audited December 31, 2025 Rupees'000

   98,080

   18,387

   17,326

   145,337

   2,311

   -15,545

   1,890,202

   370,362

   22,370

   135,401

   1,649,000

   1,500,000

   64,330

   1,636

   4,951

   383

   -82,323

   -

   -8,321

   -131,836

   26,367

   218,529

   92,504

   5,750

   63,403

   13

   144,888

There is no significant change in relationship with related parties during the six months period ended December 31, 2025 from June 30, 2025. Significant transactions with related parties are as follows:

Balances with related parties Fauji Foundation

Loan payable

Payable against cost re-charged Mark-up payable on loan Payable against CSR activities Askari Bank Limited

Loan payable

Balance in bank accounts Export re-finance payable Other related parties

Payable to FFBL Power Company Limited against material sample analysis Payable to Cherat Packaging Limited against supply of packing material Payable to employees' provident fund including employee's share

Transactions with related parties Fauji Foundation

Donation paid through Fauji Foundation Reimbursement against services payments Payment of rent and utilities

Payment against cost re-charged Payment for use of medical facilities Payment against letter of support fee Reimbursement against CSR activities Payment of dividend on ordinary shares Mark-up paid on loan

Askari Bank Limited

Interest paid on long term loans Principal repayment of loan Payment of export re-finance Receipt of export re-finance Interest paid on export re-finance Bank charges

Profit received on deposit accounts Receipts against rent and utilities Transactions with other related parties

Payment to Foundation Solar Energy (Pvt) Limited

Payment to Cherat Packaging Limited against supply of packing material Insurance premium to TPL Insurance Limited

Insurance premium to Habib Insurance Company Limited Payment to Mari Energies Limited against supply of crude oil

Payment to FFBL Power Company Limited against material sample analysis Payment of dividend on ordinary shares to Fauji Fertilizer Company Limited

Payment of dividend on ordinary shares to Fauji Oil Terminal and Distribution Company Limited

Payments made into employees' provident fund including employee's share Expense of employees' provident fund

Directors' fee

Remuneration paid including benefits and perquisites to Chief Executive Payment of dividend to directors

Remuneration paid including benefits and perquisites to key management personnel

(other than Chief Executive)

Audited June 30, 2025

Rupees'000

7,387,000

29,468

185,186

7,649

1,926,817

97,553

1,649,000

39

-37,806

Un-audited December 31, 2024 Rupees'000

84,424

22,073

33,787

75,727

1,348

62,641

14,805

1,512,162

-

103,457

945,531

1,998,000

1,822,000

102,374

3,923

5,290

-

208,949

327,108

12,417

6,209

12,237

53

105,469

21,094

199,142

87,154

3,750

57,548

10

129,168

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Half Yearly Report 2025-26

1. 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)

   17.1 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

   Amortized FVTPL Total Level 1 Level 2 Level 3 Total Cost

   December 31, 2025 Financial assets not measured at fair value

   Trade debts - net of impairment loss 8,304,232 - 8,304,232 - - - -

   Other receivables 33,020 - 33,020 - - - -

   Trade deposits 57,607 - 57,607 - - - -

   Cash and bank balances 1,124,537 - 1,124,537 - - - -

   9,519,396 - 9,519,396 - - - -

   Financial assets measured at fair value

   Long term deposits - 133,425 133,425 - - 133,425 133,425

   Short term investments - 24,733,185 24,733,185 24,733,185 - - 24,733,185

   - 24,866,610 24,866,610 24,733,185 - 133,425 24,866,610

   For the Six Month Period Ended December 31, 2025

   Financial liabilities not measured at fair value

   Long term loans (including current portion) 28,994,580 - 28,944,580 - - - -Employee benefits (including current portion) 401,133 - 401,133 - - - -Loan from Parent - unsecured 7,573,193 - 7,573,193 - - - -Creditors 2,445,348 - 2,445,348 - - - -

   Retention money 530,651 - 530,651 - - - -

   Half Yearly Report 2025-26

   Other liabilities 859,779 - 859,779 - - - -

   F C C L

   Payable to employees' provident fund trust

   36,331

   - 36,331 - - - -

   Accrued liabilities 10,465,610 - 10,465,610 - - - -Security deposits payable 583,756 - 583,756 - - - -Unclaimed dividend 46,561 - 46,561 - - - -Short term borrowings - secured 4,578,288 - 4,578,288 - - - -

   24

   56,465,230 - 56,465,230 - - - -

   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	-	-	-	-

   25

F C C L

Half Yearly Report 2025-26

F C C L

Half Yearly Report 2025-26

1. DISCLOSURES IN RELATION TO COMPLIANCE OF SHARIAH MATTERS

   1. Disclosure Requirement For Companies Not Engaged In Shariah Non-Permissible Business Activities

      Un-audited

      December 31,

      2025

      Rupees'000

      7,101,906

      1,700,000.00

      2,252,440

      1,218,709

      728,385

      47,353,484

      32,763

      23,710

      37

      308,035

      398,229

      1,717,004

      142,511

      23,710

      848,551

      32,763

      344

      -

      263,259

      102,335

      Following information has been disclosed as required under amended Part I Clause VII of Fourth Schedule to the Companies Act , 2017 as amended via S.R.O.1278(I)/2024 dated August 15, 2024:

      Statement of Financial Position Note

      Liabilities

      Long-term loans as per Islamic mode

      Short term borrowings as per Islamic mode 7

      Mark-up accrued on conventional loans Non-shariah

      Assets

      Shariah short term investments 11

      Shariah bank deposits, bank balances and TDRs 12

      Statement of Profit or Loss

      Revenue earned from Shariah business segment Gains and dividend from Shariah compliant investments

      Profit earned from shariah compliant bank deposits, bank balances and TDRs Exchange gain earned from actual currency

      Profit paid on Islamic mode of financing Mark-up on Islamic mode of financing Interest on conventional loans

      Sources and detailed breakup of other income

      Income from bank deposits/balances and TDRs Non - shariah

      Shariah compliant

      Gain on re-measurement of investments Non - shariah

      Shariah compliant Dividend and bonus on investments

      Non - shariah Shariah compliant

      Other Income

      Non - shariah

      Others -Shariah compliant

      The Company has business relationship with Islamic banks in ordinary course of business.

      Audited June 30, 2025

      Rupees'000

      7,400,371

      -2,064,940

      301,672

      501,792

      47,844,363

      62,315

      32,568

      2,964

      563,292

      639,908

      2,206,097

      253,917

      32,568

      246,316

      62,315

      631

      -

      296,955

      90,004

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

      F C C L

      For the Six Month Period Ended December 31, 2025
2. GENERAL

Half Yearly Report 2025-26

19.1

19.2

The amounts in these condensed interim financial statements have been rounded-off to the nearest thousand Rupees.

These condensed interim financial statements were authorised for issue by the Board of Directors of the Company on 25 February 2026.

Chief Executive Officer

Director

Chief Financial Officer