Transmission of 3rd Quarterly Accounts for the period ended March 31, 2026 - GHANI CHEMWORLD LIMITED

‌3RD Quarter

MARCH 31, 2026

Ghani ChemWorld Limited

Faith... Experience... Innovation... Growth...

Chemistry in action.....

‌CORPORATE INFORMATION

BOARD OF DIRECTORS

• Masroor Ahmad Khan, Chairman

• Atique Ahmad Khan, Chief Executive Officer

• Hafiz Farooq Ahmad

• Saira Farooq

• Hafsa Masroor

• Mehmood Ahmad

• Hafiz Imran Lateef

  BOARD COMMITTEES AUDIT & RISK MANAGEMENT COMMITTEE

  • Mehmood Ahmad, Chairman

  • Hafiz Farooq Ahmad

  • Hafsa Masroor

    HR&R AND COMPENSATION COMMITTEE

  • Hafiz Imran Lateef, Chairman

  • Saira Farooq

  • Atique Ahmad Khan

  • Hafiz Farooq Ahmad

    NOMINATION COMMITTEE

  • Atique Ahmad Khan, Chairman

  • Hafiz Farooq Ahmad

  • Mehmood Ahmad

EXTERNAL AUDITORS

Ilyas Saeed & Co., Chartered Accountants 108-J-3, Model Town Lahore.

Tel: 042-35868849

SHARE REGISTRAR

Digital Custodian Company Limited

4F, Pardesi House, Old Queens Road, Karachi. Tel: 021-32419770

MANAGEMENT TEAM

Zubair Siddiqui, President

Asim Mahmud, Director Finance / CFO Farzand Ali, GM Corporate / Company Secretary Syed Sibtul Hassan Gilani, GM Procurement Hafiz Muhammad Kifayat, Manager Plant

MANUFACTURING PLANT

Plot No. 13-24, Zone B,

Hattar Special Economic Zone, Distt. Haripur.

Tel: 0311-4899149

REGIONAL MARKETING OFFICE

C-7/A, Block F, Gulshan-e-Jamal Rashid Minhas Road, Karachi.

Ph: 021-34572150

REGISTERED/CORPORATE OFFICE

10-N, Model Town Ext, Lahore. UAN: 111 GHANI 1 (442-641)

Fax: (092) 042-35160393

E-mail: info.gcwl@ghaniglobal.com

Website: https://www.ghaniglobal.com/ghanichemworld

Ghani ChemWorld Limited 01 3rd Quarter - March 31, 2026

‌DIRECTORS' REVIEW

DEAR SHAREHOLDERS,

Assalam-o-Alaikum Wa RehmatUllah Wa Barakatoh

The directors of your Company (Ghani ChemWorld Limited) are pleased to present the unaudited condensed interim financial statement of the Company for period ending March 31, 2026, in compliance with the requirements of Companies Act, 2017.

During the period under review, the Company achieved a major milestone with the successful commissioning and commencement of commercial production of Calcium Carbide and its related products in the first week of March 2026. This project, developed with the support of Chinese and European technical experts, represents a pioneering initiative in Pakistan and is expected to play a vital role in import substitution while strengthening the local industrial base. The plant has been established on modern technological standards and is well-positioned to cater to both domestic and export markets.

Financial Performance Overview

For the nine months ended March 31, 2026, the Company reported:

Gross Sales: Rs. 124.07 million

Net Sales: Rs. 105.15 million

Gross Profit: Rs. 3.90 million

The Company incurred an operating loss of Rs. 2.27 million, primarily due to the startup phase. However, the Company recorded a share of profit from its associated company amounting to Rs. 234.81 million, which significantly supported the bottom line. As a result, the Company posted a profit after taxation of Rs. 200.08 million, compared to a loss of Rs. 0.24 million in the corresponding period of last year. Earning per share reflected this turnaround, with both basic and diluted EPS at Rs. 0.800 in 2026, compared to a basic loss per share of Rs. (4.832) and a diluted loss per share of Rs. (0.005) in the previous year, highlighting a notable recovery in quarterly performance.

A comparison of the key financial results of your Company for the nine months ending March 31, 2026, with the same period of last year is as follows:

FUTURE PROSPECTS:

In addition to local sales, the Company is also exploring export markets in the Middle East, Europe and other countries.

The Precipitated Calcium Carbonate (PCC), a derivative of Calcium Carbide, production will also start in next couple of months. This would help the overall commercialization of the project being another innovative product with primary applications in the paints, paper, and rubber industries.

‌Board of Directors of your Company has granted stock options equivalent to 2,501,440 ordinary shares (representing 1% of the paid-up capital) to eligible employees of the Company under the Employee Stock Option Scheme (ESOS) at an exercise price of PKR 18.52 per share. The minimum vesting period for these stock options shall be one (1) year, followed by an exercise period of one (1) year thereafter.

ISSUANCE OF PARTIALLY REDEEMABLE SHARES:

To meet the working capital requirements, the Board of Directors of your Company has recommended to increase the paid-up share capital of the Company by issuing 1,250,719 Partially Redeemable Shares (PRS) at a face value of Rs. 100 per share (without premium). This increase is structured as a Right Issue to existing shareholders in the proportion of approximately five PRS for every 1,000 Ordinary Shares held, equivalent to a 0.50% Rights Issue at an issue price of Rs. 100 per PRS subject to the approval by the shareholders of the Company. For this purpose, an Extra-Ordinary General Meeting (EOGM) of the shareholders of the Company is scheduled to be held on May 02, 2026.

ACKNOWLEDGEMENTS

Indeed, all growth in the Company's business would not have been possible without the Will and Blessings of ALMIGHTY ALLAH. The Board of Directors wishes to express its gratitude to valued shareholders, banks and financial institutions, and suppliers for their continued support, cooperation, and patronage. We also wish to place on record the dedication, hard work, and diligence of the Company's executives, staff, and workers.

For and behalf of Board of Directors

Lahore:

April 28, 2026

ATIQUE AHMAD KHAN

(Chief Executive Officer)

HAFIZ FAROOQ AHMAD

(Director)

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

Atique Ahmad Khan Chief Executive Officer

Asim Mahmud

Chief Financial Officer

Hafiz Farooq Ahmad Director

‌GHANI CHEMWORLD LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE QUARTER AND NINE MONTHS PERIOD ENDED MARCH 31, 2026

Nine months period ended Quarter ended

March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025 Rupees Rupees Rupees Rupees

Restated Restated

Gross sales Less: sales tax Net sales

Cost of sales

Gross profit Administrative expenses Selling and distribution Other income

Profit / (loss) from operations

Finance cost

Share of profit from Associated Company Profit / (loss) before taxation, minimum and

final tax levies

Minimum and final tax levies

Profit before taxation Taxation

124,074,576

(18,926,618)

105,147,958

(101,249,338)

3,898,620

(6,172,080)

(2,273,460)

(32,464,148)

234,813,438

200,075,830

200,075,830

124,074,576

(18,926,618)

105,147,958

(101,249,338)

3,898,620

(241,595) (1,963,768)

(241,595) 1,934,852

(32,006,058)

84,739,353

(241,595) 54,668,147

(241,595) 54,668,147

(30,743)

(30,743)

(30,743)

(30,743)

Profit after taxation

Other Comprehensive Income

Total Comprehensive Income / (loss) Earnings I (loss) per share

• Profit / (Loss) per share - Basic (Rupees)

• Profit / (Loss) per share - Diluted (Rupees)

200,075,830

200,075,830

0.800

0.800

(241,595)

(241,595)

(4.832)

(0.005)

54,668,147

54,668,147

0.219

0.219

(30,743)

(30,743)

(0.615)

(0.001)

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

‌GHANI CHEMWORLD LIMITED

CONDENSED STATEMENT INTERIM OF CHANGES IN EQUITY (Un-audited) FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

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

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

Atique Ahmad Khan Chief Executive Officer

Asim Mahmud Chief Financial Officer

Hafiz Farooq Ahmad Director

‌GHANI CHEMWORLD LIMITED

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS

NINE MONTHS PERIOD ENDED MARCH 31, 2026

1 THE COMPANY AND ITS OPERATIONS

Ghani ChemWorld Limited (the Company) was incorporated in Pakistan under the Companies Act, 2017 as a limited company on July 31, 2024. The principal line of business of the company is to manufacture, produce, refine, process, formulate, acquire, convert, sell, distribute, buy, import, export or otherwise deal in all types of chemicals, basic drugs, all types of acids etc. The registered office and head office of the Company are situated at 10-N, Model Town Extension, Lahore whereas production facility is situated at plot No. 13 to 24 B3 & B4 Zone Hattar Special Economic Zone, Dhorian Chowk Near Tanoli Filling Station Hattar, Haripur. -

The Company is a subsidiary of Ghani Global Holdings Limited, which holds 139,952,994 ordinary shares of the Company representing 55.949% of its paid-up capital as at reporting date.

Pursuant to a Scheme of Arrangement and Reconstruction under Sections 279 to 282 of the Companies Act, 2017, duly sanctioned by the Honorable Lahore High Court on February 20, 2025, the Calcium Carbide Division of Ghani Chemical Industries Limited (GCIL) was demerged and transferred to Ghani ChemWorld Limited (GCWL) as a going concern.

1. BASIS OF PREPARATION

   1. Statement of Compliance

      These 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 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 (the Act);

      • Islamic Financial Accounting Standards (IFASs) issued by the Institute of Chartered Accountants of Pakistan as notified under the Act; and

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

        Where provisions of and directives issued under the Companies Act, 2017 differ from the IFRSs, the provisions of and directives issued under the Companies Act, 2017 have been followed.

   2. These condensed interim financial statements do not include all of the information required for annual financial statements and should be read separately along with annual financial statements.

   3. Basis of measurement

      These condensed interim financial statements have been prepared under the historical cost convention.

   4. Functional and presentation currency

      These condensed interim financial statements are presented in Pak Rupees, which is also the Company's functional currency. All amounts have been rounded to the nearest Rupees, unless otherwise stated.

   5. Critical accounting estimates, assumptions and judgments

      The estimates and underlying assumptions are reviewed on on-going basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised.

      Significant areas requiring the use of management estimates in these financial statements relate to the useful life of depreciable assets, provision for doubtful receivables, and provision for taxation. However, assumptions and judgments made by management in the application of accounting policies that have significant effect on the financial statements are not expected to result in material adjustment to the carrying amounts of assets and liabilities in the next year.

2. ‌Accounting policies

   All the accounting policies and the methods of computation adopted in the preparation of these condensed interim financial statements are consistent with those applied in the preparation of audited annual financial statements for the year ended June 30, 2025.

3. Changes In Accounting Standards, Interpretations And Amendments To Published Approved

   Accounting Standards

   1. Standards, amendments to published standards, interpretations and guidelines that are effective in the current period

      There were certain amendments to accounting and reporting standards which became mandatory for the Company during the period. However, these do not have any significant impact on the Company's financial reporting and, therefore, have not been detailed in these condensed interim financial statements.

   2. Standards, amendments and interpretations to existing standards that are not yet effective and have

      not been early adopted by the Company.

      There are certain amendments and interpretations to the accounting and reporting standards that will be mandatory for the Company's annual accounting periods beginning on or after July 01, 2026. However, these will not have any material impact on the Company's financial reporting and, therefore, have not been disclosed in these interim financial statements.

4. Accounting estimates and judgements

   The preparation of condensed interim financial statements require management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.

5. PROPERTY, PLANT AND EQUIPMENT

Operating fixed assets Capital work-in-progress

Note

6.2

Un-audited

March 31,

2026

Rupees

3,687,427,567

237,878,721

Audited

June 30,

2025

Rupees

298,584,963

2,455,639,104

3,925,306,288 2,754,224,067

Closing book value

Reconstruction for Demerger / Merger

Un-audited March 31,

2026

Rupees

Audited

June 30,

2025

Rupees

7.1. The carrying amount of investment in associate as at 30 June 2025 has been restated, with corresponding decrease in retained earnings. The comparative amounts of condensed interim statement of profit or loss for the nine months ended 31 March 2026 remain unaffected.

8. Stock in Trade

1. ‌CONTINGENCIES AND COMMITMENTS

   1. There were no contingencies and commitments to report at the reporting date.

   2. Commitments for construction of buildings at the reporting date amounted to Rs. 100,000,000

1. TRANSACTIONS WITH RELATED PARTIES

   Related parties comprise of Holding, Subsidiary and Associated Companies, directors of the Company, key management personnel and staff retirement benefit fund. The Company in the normal course of business carries out transactions with various related parties. Details of related parties with whom the Company has transacted along with relationship and transactions, other than those which have been disclosed in these condensed financial statements, were as follows:

   1. Transactions with

      Holding Company

      Transfer of assets and liabilities under Scheme of

      Un-audited

      March 31,

      2026

      Rupees

      Un-audited March 31,

      2025

      Rupees

      Compromises, Arrangement and Reconstruction for Demerger / Merger as approved by Honorable Lahore High Court dated
      Assets :
      Property, plant and equipment		2,270,270,842
      Stores, spares and loose tools		188,321,988
      Stock-in-trade		309,619,826
      Loan and advances		357,718,541
      Deposits, prepayments and
      other receivables		200,710,811
      Short term Investment		100,000,000
      Liabilities :
      Redeemable capital - Sukuk		800,000,000
      Trade and other payables		204,786,784
      Accrued profit		12,691,287
      - Ghani Chemical Industries Ltd. (GCIL)
      Sale	28,414,346
      Purchase	48,324,557
      Return on payable to GCIL	63,312,716

      - Ghani Global Glass Ltd. (GGGL)

      Return on payable to GGGL 289,600

      12.2 Transactions with related parties are carried out on commercial terms and conditions.

2. FINANCIAL RISK MANAGEMENT

   The Company's activities expose it to a variety of financial risks: market risk (including currency risk), credit risk and liquidity risk.

   These condensed interim financial statements do not include all financial risk management information and disclosures required in the annual financial statements, and should be read in conjunction with the Company's condensed audited financial statements as at and for the year ended June 30, 2025.

   There have been no changes in the risk management department or in any risk management policy since the year ended June 30, 2025.

   Fair value estimation

   During the period, there were no significant changes in the business or economic circumstances that affect the fair value of the Company's financial assets and financial liabilities. Further, there were no reclassifications of financial assets.

3. ‌SHARIAH SCREENING DISCLOSURE

   Un-audited

   
   
   

   Carrieel uncler

   Conventional Shariah

   Compliant

   Audited June 30, 2025

   Carried under

   Conventional Shariah

   Compliant

   Note --------------------------Rupees----------------------------

   Long term financing	-	800,000,000	BOO,OOO,OOO
   Accrued profit	-	28,815,093	21,632,876
   Loan and advances
   Short term borrowings		387,491,273

   Bank balances - current and deposits

   Profit earned on bank deposits Profit earned on loan and advances Revenue earned

   Profit on Islamic rrode of financing paid

   Exchange gain earned

4. CORRESPONDING FIGURES

   Note

   - 88,401,672 - 685,694

   Un-aucti€ed Un-audited

   March 31, 2026 March 31, 2025

   -------------------------- Rupees----------------------------

   - 953,772

   124,074,576

   
   
   

   21,632,876

   In order to comply with the requirements of IAS 34, the condensed interim statement of financial position has been compared with the balances of annual audited financial statements of the Company for the year ended June 30, 2025, whereas, the condensed interim statement of profit or loss and other comprehensive income, condensed interim statement of cash flows and condensed interim statement of changes in equity have been compared with the balances of comparable period of immediately preceding financial year.

   - Comparative information has been re-classified, re-arranged or additionally incorporated in these interim financial statements, where necessary, to facilities better comparison and to conform with the changes in presentation. However, no significant re-classifications / re-statements have been made to these financial statements other then as disclosed in note 7.

5. DATE OF AUTHORISATION FOR ISSUE

These condensed financial statements were authorized for issue on April 28, 2026 by the board of directors of the Company.

Atique Ahmad Khan

Chief Executive Officer

Asim Mahmud

Chief Financial Officer

Hafiz Farooq Ahmad

Director

‌Corporate Office:

10-N, Model Town Ext., Lahore 54000, Pakistan. UAN: 111 GHANI 1 (442-641)

Tel: 042 35161424-5, Fax: +92 42 35160393

https://www.ghanichemworld.com / https://www.ghaniglobal.com