POKI£TRN'S IST JPIPPINESE UNR COMPLJPINT TRMCK
CONTENTS
Mr. Ryota Hatakeyama
Mr. Muhammad Zahid Hasan
FAMCO Share Registration Services (Pvt.) Limited
Tel: 021-34380101-05, 34384621-3
Email: info.shares@famcosrs.com Website: https://www.famcosrs.com
Half Yearly Report 2025
DIRECTORS' REPORT
For The Half Year Ended September 30, 2025 DEAR SHAREHOLDERS!The total sale of commercial vehicles of all makes in the Country during the first half of 2025-26 was 3842 units - 117% higher than in the corres ponding same period of last year.
SALES VOLUMEThe sale of Hinopak' trucks and buses increased to 306 units in comparison to the 189 units of corresponding period of last year.
SALES REVENUEThe sales revenue for the current half-year increased to Rs. 6.92 billion from Rs. 4.62 billion of last year same period. The Company earned gross profit of Rs. 1.32 billion as compared to gross profit of Rs.
614.86 million in the corres ponding period of last year.
FINANCE COSTThe current finance cost decreased to Rs. 189.63 million from Rs. 227.39 million in the corres ponding last half year period. The main components of current finance cost are net exchange loss and mark-up on s hort-term borrowings a mounting to Rs . 70.89 million a nd Rs . 99.47 million res pectively.
PROFIT AFTER TAXThe profit after tax stood at Rs. 540.28 million compared to loss after tax of Rs. 47.24 million in the last year's corres ponding half leading to earnings per share of Rs. 21.78. Last year the loss per share was at Rs. 1.90.
FUTURE OUTLOOKThe momentum observed in the commercial vehicle market during the first half reflects gradually improving macroeconomic conditions. Softer inflation, better liquidity, and a more predictable exchange rate environment have contributed to a steady improvement in overall business sentiment across key sectors.
Continued focus by the government on economic revival, infrastructure development, and policy stability is expected to support demand in the coming quarters. The outlook for external financing and industrial activity remains comparatively favorable.
We express our sincere gratitude to our parent companies for their steadfast support, to our customers for their continued trust in our products, and to the entire Hinopak team-including staff, vendors, dealers, a nd bus iness pa rtners -for their dedica tion a nd commitment during this pivota l period.
Director
Date: November 26, 2025
Chief Executive OfficerHalf Yearly Report 2025
QWC A F FERiGUSOV SCO.
INDEPENDENT AUDITOR'S REVIEW REPORT TO THE MEIVIBERS OF HINOPAK MOTORS LIMITED REPORT ON REVIEW OF INTERIM FINANCIAL STATEMENTS
Introduction
We have reviewed the accompanying condensed interim statement of financial position of Hinopak Motors Limited as at September 30, 2025 and the related condensed interim statement of profit or loss and other comprehensive income, condensed interim statement of changes in equity, and condensed interim statement of cash flows, and notes to the financial statements for the half year 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 and other comprehensive income for the quarter ended September 30, 2025 and September 30. 2024 have not been reviewed by us.
The engagement partner on the audit resulting in this independent auditor's report is Syed Muhammad Hasnain
A. F. Ferguson & Co. Chartered Accountants Karachi
Date: November 26, 2025
UDIN: RR202510073MJXxoakT1KARACHI • LAHORE= iSLAMABAD
Chief Financial Officer Director Chief Executive Officer
Chief Financial Officer Director Chief Executive Officer
Half Yearly Report 2025
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Chief Financial Officer Director Chief Executive Officer
Half Yearly Report 2025
NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2025 - (UNAUDITED)
Half Yearly Report 2025
Half Yearly Report 2025
Chief Financial Officer Director Chief Executive Officer
Half Yearly Report 2025
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D- 2, S.I .T.E., Mang hopir Road,
P. O . Box No . 10714, Karachi. UAN: J11-ZS-2S-25
Website: w /w.hinopak.com