Quarterly Financial Results for the Period Ended September 30, 2025

/'HYBER ToBACCO COMPANY LiMlTED

QUARTERLY FINANCIAL STATEMENTS

(Un -audited)

SEPTEMBER 30, 2025

The Directors of the Company are pleased to present the condensed Interim Financial Information (un-audited) of the company for the First Quarter ended 30 September 2025.

Key financial indicators for the period under review are as below:

Pakistan's economy, though showing signs of recovery, continued to face multiple challenges during the quarter under review. While inflation eased and the current account deficit narrowed, high input costs and weak consumer demand persisted. The burden of both domestic and external debt servicing remains significant. Although fiscal discipline and external account improvements offer optimism, real GDP growth continues to remain constrained in the short term.

The tobacco industry in Pakistan remains under severe pressure due to the extensive presence of illicit, duty-evaded cigarette sales, which have expanded further following a sharp increase in Federal Excise Duty (FED). This measure has widened the price gap between duty-paid and non-duty-paid products, shifting consumer demand towards cheaper illicit brands. The illicit segment now represents an estimated 58% of the total market, adversely impacting legitimate manufacturers and national revenue collection.

Net sales revenue during the quarter stood at Rs. 1,581.64 million, reflecting an improvement compared to Rs. 1,243.30 million in the corresponding period last year. The gross profit of Rs.

263.46 million marks a significant turnaround from the gross loss of Rs. 341.45 million in the same quarter of 2024, mainly due to better pricing and cost management in local sales.

The Company continues to strengthen its market vigilance through on-spot detection of counterfeit products and awareness initiatives involving Law Enforcement Agencies (LEAs), retailers, and consumers. The Board appreciates the Government's ongoing enforcement actions and encourages sustained efforts to ensure a level playing field for legitimate industry participants.

The Earnings Per Share (EPS) for the period was Rs. 5.34 (Profit) (basic and diluted) compared to Rs. 117.45 (loss) in the corresponding quarter last year.

The management is certain that the situation will turn around in the near future. Local cigarette and tobacco sales have improved slightly prior to period end and I am confident that the results of the next quarter will show visible improvements in cigarette sales. However, if the export trend is not restored, the liquidity position of the company may suffer.

The board would like to thank and appreciate its employees, customers, and strategic partners for their dedication, commitment, and conoibution in these challenging times. The board also extends its gratitude to our suppliers, banks, and shareholders for their unwavering support and cooperation.

The composition of the Board is as follows:

âiha

Co pan Secretary

era Ir 1ri't Chie Exe/utiv

ON BEHALF OF THE BOARD

30 October 2025

KHI'BAR TOBACCO tOR PAN V LIMITED

COC D?NSED £NTER£D BALA NCE SHCET (UN-At TDITFO)

FOR TIf£ PERIOD £RDED 30 SEPTEMBER 202fi

SHA RE CAPETAL AND RESERVES

Issued, subscribed and paid up share capital (ordi)nary shares of Rs 10 each Unapqroyñaaxl£?oG‹

Revenuemssrv<>

surplus on revaluation of property-Plant and Equipment-net of tax NOT CEIRRENT LfABT UCLES

20TS

972J7£J22.OO

30 June

2025

Rupees

2,935,299,387

NON CURRENY ASSETS

Property. plant and equipment Righi of Use Asset

Long team deposits

ClIRRENTASSETS

2025

4

2gt6.4 I 2&1.00

300xs 2025

Ruoees

2,856,674,060

16,723.270.564

Loan From Director

22,G62 .40P.91 I 6,723,270,564

Note

8ept 30, Sept 30,

---------------- ----Ru pees-----------------------------

1,581,637,724

l,?4330l.t09

Cost of sales 6 (l,3l8,l7J,405)

Other operating income Operating (loss) / profit

39, 115,232

(Loss) / profit before income tax, final tax and minimum tax dii Final tax and minimum tax differential

I 6,03J,111

39,l l 5,232

39, I ?,232

Taxation

(2,1 43,397)

(232,796.4J ‹i)

Pro fit (Loss) for the period 36,97 1,835

TO

Earnings per share - basic and diluted

5.3J

( 117 .1 )

K}Ih'BER TOBACCO COLIPAhY LIFHTED

51'ATkT1E T OF CO?1PR EHENRI 'E IOCO' IE (I' -.€ £'DIJ"LI7)

FOR THE PERIOD ENDED 30 SEPTE h1BER 202?

Sept 30, Sept 30,

2025 202+

Profii / (Loss) for the period

Items that evilI not be reclassi fled to pro fit or loss: Surglhis on re 'a)uat ion oF propel', pNn and equipment Impact of change in iaz rate on revaluaiion surpJus

Remeasurement gain/(loss) on post retirement bene fits 1iubilit y

ttelated deffered tax

CT

Total comprehensi*'e income for the period

-- - -- ------- - ---------ltd pees •

xiivBr:nnon.*cco covieasv i.ion so

Balance at 0t July 2024

Totel comprehensive income/(loss) for the period Profit/(loss) For the period

Other comprehensive income For be penod

Surplus on revaluacion oFproperty, pIam and equipment

• on account oF incremental depreciation

• on account of disposal

  }35,830,807)

  t813,026,914 35,830,807

  ) (8 t3,02fi,9 l4)

  Transfer from general reserves co unappropriatCd profit Olfier comprehensive loss for the year

  69,226,040 3,3 i2,46S 281,742,430

  2,342. I 62,638 2,696,443,573

  - f35.830,807) - (777, 196,106) (813,026,914)

  Balance at 30 Sept 2024

  69,226,040

  3.312.465 245,911.623

  - I ,ñ&,966,532 1,883,4 16,659

  Balance at 0I July 2025

  Total comprehensive income/{loss) For ‹he period

  Profii/(loss) tor the period

  Audit Adjustment

  mher comprehensive income for tne period

  Transfer from surplus on revaluation of prop'crty. plant and eqtiipmc@ - net of tax

• on account of incremental dcpreciauon

• on account of disposal

Final dividend at Re I per share

Shares issued aS Fully paid bonus Sfiarcs

69"226,040

G9C26,040

o

K9,962,935

- 235,617 71

2,626, I 0,4 T2

D

- 2,667.427,8 I I

2,93SJ99J87

36,97I ,835

2,972,271.222

WHYBER TOBACCO COMPANY cI MITED

CONDENSED INTERIM CASH FLOW STATERENT (UN-AUDITEG) FOR THE PERIOD ENDED 80 SEPT£MBAR 202fi

cxsH rcoivs FROM OPERATiNG ACTIVITIES

Scp+ 30. Sepl3o,

tO25 2024

------•---Rupees-......---.....

Profit/(loss) before texetion Adjustmcnts for:

Depreciation

Final tax and minimum tax differential Provision for staff retirement bene fits Accrued lia6ilii ies written back

Provision for workers' profit participation fund Advence to supplier written off

Impeirment loss on financiel assets Exchange loss / (gain) on foreign transaction Provision for workers' welfare Fund Provision for nei realisable value

Loss on disposal of property, plant and equipment Finance cost

Cos]1 bows from operating activities beFore working capital changes Sparking capital changes

(Increase) /decreose in current ascels

(Increase) / decrease in stock in trade Slor s, spare parts and loose tools (Increase)/decrease in trade dehts

Decrease / (Increase)in advances and prepayments Taxes refundable

Advance income tax trade and other payables

Cash generated from operations

Gratuity paid income iax paid L /spad

Sales low and excise duty paid Lease rentals paid

Finftnce cost paid

\'WF/WPPF Dividend paid

get cash generated from operating activities CASH FLO+S FRO51 I NVESTINC ACTI VITIES

Additioiis to property, plant and equipment Additions to Intangible Assets

Proceeds From disposal oF property, plant and equipment l'roceeds from sale of Fixed Asset

get cgsh used in investing aetivities

cxsii mows rROM FINANCING ACTIVITlES

Short term loan-Unsecured Lease rentals paid

Repayment of short term lonn

Net increase (deereese) in cash gnd cash equivalents

ElTects of exchange rates on cash and cash equivalents

Cash and cesh equivalents at beginning of the period tash nd cash equivalents at end of the period

F X C 1

39,I I?,232.27

I 47,088,726.88 186,203,9fi9.14

(827,989,f 11.91)

(64 I ,78fi,7fi2.77)

(I 8,43R,278.23) (660,22403L00

I 61.800,000

(32,468,972)

91,000,000

(601,693,003) t,3tl,260,839

(580.230,4 GS)

79.780.921 (500,449,344)

526,085,985

2'i,636,44 I

(7,336,040)

18.300.40 1

(79,400.914)

I 61.800.000

100.659,487

944,685, 195

KHYBER TO8ACCO COMPAN ¥ LIGHTED NOTES TO THE f•INANCtA L STATEâ4 ENTS FOR THE PEWOD ENDED 30 SEPTEMBER 202fi

I. THE COMPANY AND ITS OPERATIONS

Kfiyber Tobacco Company Limited (" the Company ") is a public limited company incorporated in Pakistan on October 15, 954 under the Companies Act, 19 13 (now the Compenies Act, 2017) and is Iisted on the Pegistan Stock Exchange Limiced. The Company is engaged in the manufacture and sale oF cigarettes and tobacco. The Company's registered otlice and production plant is situated at No\'shera Read. Mar'2an.

1. BASIS OF PREPARATION AND STATEMENT OF COSfPLIANCE

   These financial Stalements of tfie Company For the period ended 30 June 2025 has been prepared in accordance u'ith approved accounti Jy standards as applicable in pakist8n. The accounting and reporting standards appliceble in Pakistan comprises of: International FitJancial Reporting Standards (IFRS). issued by International Accounting Stsnd8rd Board (IASB) as nolifled under the co npcnies Act 2017 aiJ0 Provisions and directives issued under the companies Act 2017. Where provisions of and dirccti yes issued under the companies Acl 20 ! 7 dilYer from tfie IFRS Standards, the provision of and directives issued under the Companies Act 2017 ha'e been Fol]oH'ed Details oc company's accounting policies are included in note 3.

   Thee Financiel Slatemenu haye been prepared under historical cost convention except For the Property. Plant and Equipment which measured at revalued cost. These Financia1 Statements are presented in Pad Rupees. which is lhe Company's functional currency. All ainotinls ha 'e hcen

2. SlCAT FlCANT ACCOUNT l DC POLICIES AND EST fMATE8

   The accounting policies. signi ficenl judgements, estimates and assumptions used by the managemeni in preparation oF these financial information arc the same as those applied in prepBration of audited ennual financial statements for the year ended 30 June 2025

3. CONNING ENCIES AND CODEMIT it$ENTS

Contingencies ana Commitments are the seme 8s disclosed in the ennual finencia) statements for he year ended Jtine 30, 2025

PROPERTY, PLAN'T AND EOUTPMENT

Breed up of Propel. Plant and Equipment is es follows:

Operating Fixed Assets Lonp term deposits Riq}jt of Use Asset

Un-audited Alidited

Se pt 30-J tin

202fi 202fi

{Rupees ftupcrs

2.69G,9 I 5.335 2.737.476.b I ?

2I ,289.802 20,95?.802

98,207,4 44 98 207 4-15

2,8I 6,4 i 2,581 * 856670 060

KHYBER TOBACCO COMPANY LI $1ITED NOTES TO THE FINANCI AL STATEII E? TS FOR THE PERIOD ENDED 30 SEPTEM BER 202?

THREE MONTHS

Sept

Gross turnover

• local

• £xport

  Government levies

• Excise duty

• Sales tax

Ru pees

3,003,550,978.02

1,365,626,032.02

2024

Ftnpees

4,662, 29,83J

3,353,4 11,204

Discounts

56,287,222.00 65,517,522

1,581,637,724.00 I ,243.301. 108

Tobacco Loading & Unloading 917,906.00

Opening woi k in process

1,131,315,795.44

1,74 8,3 8I ,579

Closing work in process (4,487,393.79) (2,733,688)

Cost of goods manufactured Opening finished stock

1,126,828,401.65

338,853,829.21

1,745,627.89 I

l3J,918,4 54

Closing finished stock

(147,507,826.00) (295,790,J 87)

1,318,174,404.86 1,554.755.857

1. Date of authorisation for issue

   
   
   

   This unaudited condensed interim financial statements 'as authorized for issue hj the

   Board of Directors of the Company in their meeting held on .

2. GENERAL

Figures have been rounded off to the nearest rupee unles stated otherwise.