Transmission of financial statements for the Half year ended December 31, 2025

HALF YEARLY REPORT 31 DECEMBER 2025

CONTENTS

Kohinoor Mills Limited

Company Information 02

Directors' Review 03

Auditors' Review Report to the Members 07

Condensed Interim Statement of Financial Position 09

Condensed Interim Statement of Profit or Loss 11

Condensed Interim Statement of Comprehensive Income 12

Condensed Interim Statement of Changes in Equity 13

Condensed Interim Statement of Cash Flows 14

Selected Notes to the Condensed Interim Financial Statements 15

COMPANY INFORMATION

Board of Directors

Mr. Rashid Ahmed Chairman Mr. Aamir Fayyaz Sheikh Chief Executive

Mr. Ismail Aamir Fayyaz Director

Ms. Imrat Aamir Fayyaz Director

Mrs. Hajra Arham Director

Mr. Taimur Afzal Director

Mr. Matiuddin Siddiqui Director (NIT Nominee)

Bankers

Al Baraka Bank (Pakistan) Limited Allied Bank Limited

Askari Bank Limited Bank Alfalah Limited Habib Bank Limited

Habib Metropolitan Bank Limited MCB Bank Limited

MCB Islamic Bank Limited Meezan Bank Limited National Bank of Pakistan Samba Bank Limited

The Bank of Punjab United Bank Limited

Registered Office & Mills

8 K.M. Manga Raiwind Road, District Kasur, Pakistan. UAN: (92-42 ) 111-941-941

Cell Lines: (92-333) 4998801-6

Land Lines: (92-42) 36369340

Fax: (92-42) 36369340 Ext: 444

Email: info@kohinoormills.com Website: https://www.kohinoormills.com

Shares Registrar

M/s. Hameed Majeed Associates (Pvt.) Ltd HM House, 7 Bank Square, Lahore.

Land Lines: (92-42) 37235081 & 82

Fax: (92-42) 37358817

Committees of the Board

Audit Committee

Mrs. Hajra Arham Chairperson

Mr. Rashid Ahmed Member

Mr. Taimur Afzal Member

HR & Remuneration Committee

Mr. Taimur Afzal Chairman

Mr. Rashid Ahmed Member

Mrs. Hajra Arham Member

Chief Financial Officer Mr. Kamran Shahid

Head of Internal Audit Mr. Waheed Amainat Ali

Legal Advisor

Raja Mohammad Akram & Co., Advocate & Legal Consultants, Lahore

Company Secretary

Mr. Muhammad Rizwan Khan

Auditors

Riaz Ahmad & Company Chartered Accountants

Other Corporate Information

Kohinoor Mills Limited is registered in Pakistan with Securities and Exchange Commission of Pakistan. The Registration Number of the Company is 0017194

Kohinoor Mills Limited is listed on Pakistan Stock Exchange Limited as a Public Limited Company and its shares are traded under textile composite sector. Shares trading symbol is KML.

The National Tax Number of the Company is 0658184-6

Financial statements are available on website of the Company i.e., https://www.kohinoormills.com.

DIRECTORS' Review

The Directors of the company are pleased to present the interim financial statements for the half year ended 31 December 2025.

Global Economic Review

Global growth remained resilient in 2025 at 3.3% and is expected to hold at 3.3% in 2026, before moderating slightly to 3.2% in 2027. This steady headline performance reflects the combined impact of opposing factors. On one hand, evolving trade policies and related uncertainty have weighed on business confidence, disrupted planning cycles, and moderated trade and investment activity. On the other hand, stronger capital spending on technology, particularly in artificial intelligence and digital transformation, has supported productivity improvements, strengthened competitiveness, and helped sustain overall growth despite these headwinds. By region, advanced economies are projected to grow by 1.8% in 2026, led by the United States at 2.4% and the Euro area at 1.3%, while emerging market and developing economies are expected to expand by 4.2%. Global trade volumes are forecast to slow from 4.1% growth in 2025 to 2.6% in 2026, before improving to 3.1% in 2027, reflecting front-loading effects and trade-flow adjustments in response to policy changes.

Global headline inflation stood at 4.1% in 2025 and is projected to decline to 3.8% in 2026 and 3.4% in 2027, although the pace of disinflation varies across countries. The moderation is expected to be driven mainly by softer demand and lower energy prices, while tariff-related pass-through continues to shape outcomes, particularly in the United States relative to many other economies. Despite the gradual improvement in inflation, risks to the outlook remain skewed to the downside, reflecting rising protectionism, the potential for supply-chain disruptions, and heightened geopolitical tensions. Elevated public debt and fiscal pressures, especially in major and low-income economies, could further tighten financial conditions and add to market volatility.

Pakistan Economic Review

Pakistan's economy is well positioned to sustain its growth momentum in FY-26, supported by improving performance in large-scale manufacturing and other high-frequency indicators. This progress is being underpinned by prudent economic management, ongoing structural reforms, and gradually easing monetary conditions as inflation moderates. On the external side, while the current account is likely to stay in deficit, strong remittance inflows and steady growth in IT and services exports should help contain pressure on the balance of payments. Continued improvements in fiscal discipline are also expected to reinforce macroeconomic stability.

One of the key achievements of FY-25 was improved price stability. Average CPI inflation during Jul-Dec FY-26 eased to 5.2%, compared with 7.2% over the same period last year. This disinflationary trend was supported by tighter macroeconomic management, including fiscal discipline, a restrictive monetary stance, targeted relief measures, and greater stability in the exchange rate. Although some supply-side pressures persisted, lower inflation provided room for policy calibration and helped support household purchasing power.

The current account recorded a deficit of USD 1.17 billion during 1H-FY26, compared with a surplus of USD 957 million in the corresponding period last year. Goods and services exports remained broadly flat at USD 20.3 billion, compared with USD 20.4 billion in the preceding period last year, while goods and services imports increased to USD 37.8 billion from USD 33.5 billion. As a result, the trade deficit widened to USD 17.6 billion in 1H-FY26, up from USD 13.1 billion a year earlier. However, the impact on the external position was partly offset by stronger workers' remittances, which rose to USD 19.7 billion from USD 17.8 billion in the comparable period, helping to contain the overall current account gap.

Textile Industry Outlook

Pakistan's textile exports reached USD 9.10 billion in 1H-FY26, representing a 5.2% increase from USD

8.65 billion in the same period last year. This performance was achieved despite ongoing challenges, including high energy tariffs, policy uncertainty, and continued softness in external demand. Growth was primarily driven by value-added segments that continue to gain share, while traditional cotton-based intermediate products remained relatively subdued. Overall, the trend points to a gradual shift toward higher-margin products and deeper integration into global apparel value chains.

However, the industry continues to grapple with uncompetitive energy tariffs in the region, high costs of imported raw materials, and increasing global competition. Despite these obstacles, Pakistan's textile sector has maintained its dominant position, accounting for 58.7% of the country's total exports, reinforcing its critical role in the national economy.

Operating & Financial Results

During the period under review, despite ongoing global and domestic headwinds, your Company recorded a revenue of Rs. 13.07 billion, compared to Rs. 14.51 billion in the same period last year. This resulted in a gross profit of Rs. 1.95 billion, down from Rs. 1.99 billion in the comparative period. Inflation in raw materials and conversion costs, together with higher utility tariffs following the withdrawal of the Export-Oriented Units (EOU) subsidy, continued to compress margins. Consequently, the Company reported a net profit of Rs. 136.3 million (EPS: Re. 0.27 per share), compared to Rs. 171.2 million (EPS: Re. 0.34 per share) in the corresponding period of the previous financial year.

Performance Overview

A brief overview of performance of your company for the half year ended 31 December 2025 is discussed below:

Weaving Division

Through disciplined cost control, improved operating efficiencies, and gradually stabilizing macroeconomic conditions, the weaving division reported a gross profit of Rs. 979 million in the first half of FY-26, broadly in line with Rs. 972 million in the corresponding period last year. This outcome reflects continued operational stability and a modest improvement in profitability despite a largely unchanged gross profit level.

Management has also adopted a more flexible, market-responsive approach, with greater emphasis on the domestic market to build volumes and capture better margin opportunities. This shift has supported improved capacity utilization, broadened revenue streams, and reduced reliance on any single demand segment.

Looking ahead, continued macroeconomic stability, particularly inflation remaining within a manageable range, should improve cost visibility and predictability. Further alignment of the State Bank of Pakistan's policy rate with prevailing inflation would also help lower financing costs and ease margin pressure. Combined with ongoing efficiency initiatives and prudent working capital management, these measures are expected to support sustainable growth in profitability going forward.

Dyeing Division

In 2025, the global fashion retail industry continued to operate in a low-growth, high-volatility environment. Consumers remained value-conscious, keeping demand sensitive to pricing and promotions, while many brands prioritized tighter inventory and faster replenishment to reduce markdown risk and protect margins. At the same time, supply chain and trade policy uncertainty continued to influence sourcing decisions, with companies balancing cost, speed, and resilience. Investment in technology, including AI, accelerated as retailers looked to improve demand forecasting, merchandising, and productivity, while sustainability focus increasingly shifted from optional initiatives to compliance-driven requirements and traceability expectations.

Against this backdrop, Pakistan's dyeing and processing industry faced a challenging operating environment during 1H-FY26. Export sentiment was pressured by soft demand in key markets and heightened competition, while structural constraints such as elevated energy costs and policy uncertainty continued to weigh on competitiveness and delivery economics. In addition, international buyers increasingly emphasized chemical compliance, wastewater management, and supply-chain transparency, requiring ongoing investment and process discipline at a time when margins across the value chain remained under pressure.

Despite these headwinds, the dyeing division managed a difficult market and delivered gross turnover of Rs. 8,093 million, compared with Rs. 9,223 million in the same period last year. Gross profit decreased from Rs. 1,020 million to Rs. 878 million, mainly due to weaker contribution margins amid higher utility costs, raw material price pressures, and a more competitive pricing environment.

In response, management maintained focus on cost control, process optimization, and disciplined production planning, with emphasis on improving yields, reducing reprocessing, and optimizing energy and chemical consumption. Looking ahead, prospects will depend on continued macroeconomic stabilization, clearer and more predictable energy and tax policies, and a gradual recovery in external demand. At the same time, sustained competitiveness will increasingly hinge on compliance readiness, reliable lead times, and continued shift toward higher-value programs aligned with international buyers' evolving requirements.

Genertek Division

During the period under review, the Company undertook key initiatives focused on energy conservation and the adoption of alternative energy sources. Under its approved 7.2 MW renewable energy program, the Company successfully commissioned a solar photovoltaic (PV) plant at its manufacturing facility in November 2025. On-site solar generation is currently meeting more than 20% of the Company's operational electricity requirements.

The Board has also approved the installation of an additional 3.0 MW solar PV capacity. This project is under implementation and is expected to be commissioned by the end of the third quarter of the current financial year, further increasing the share of renewable energy in the Company's overall energy mix.

In parallel, the Company has upgraded its process heat generation by transitioning from natural gas-fired heaters to a biomass-fired thermal oil heater, which was successfully commissioned in September 2025. The system has been integrated with existing thermal oil circuits and control infrastructure to ensure stable operations and consistent product quality. This initiative is expected to deliver recurring fuel cost savings, reduce exposure to gas tariff volatility and supply constraints, and support the Company's decarbonization objectives through the use of locally sourced, sustainable biomass.

Collectively, these measures have reduced energy intensity, improved cost efficiency, and reinforced the Company's commitment to environmental sustainability and long-term operational resilience.

Apparel Division

The newly established apparel division commenced commercial operations in December 2025 with an initial production capacity of 5,000 pieces per shift per day. This initiative supports the Company's strategic shift toward higher value-added products and export-led growth. The division is focused on quality, design-led offerings and modern manufacturing practices, supported by targeted investments in production efficiency, compliance, and supply-chain optimization to ensure competitive pricing and consistent quality standards.

Future Outlook

Pakistan's textile sector continues to present a balanced mix of opportunity and risk. Demand for value-added categories is expected to remain relatively resilient, supporting deeper penetration in key export markets and further progress up the value chain through an improved product mix, shorter lead times, and stronger compliance standards. However, profitability remains under pressure due to elevated energy and other input costs, reliance on imported raw materials and chemicals, delays in sales-tax refunds that strain working capital, and policy uncertainty that complicates long-term planning and capacity expansion. Going forward, sustainable growth will depend on a stable and supportive policy framework, timely refund processing, competitive and reliable energy pricing, and stronger supply-chain resilience.

Subsequent to the period end, the Government announced a support package for industry and exporters, including a 300 basis point reduction in the Export Finance Scheme (EFS) rate to 4.5% from 7.5% and proposed reductions in power tariffs. Given the sector's high utilization of concessionary export financing, the textile industry is expected to be a key beneficiary of these measures, which should help ease financing costs and improve liquidity. While this policy direction is encouraging, the operating environment remains competitive and export markets may face further pressure, including in the EU in the context of the announced EU-India FTA. Accordingly, sustained competitiveness will continue to require structural reforms, particularly in the energy sector, to bring production costs closer to regional benchmarks.

Against this backdrop, the Company is executing a focused set of operational and strategic initiatives to strengthen its value-added positioning. Management is enhancing traceability, compliance, and environmentally responsible manufacturing practices in line with evolving buyer requirements, alongside investments in digital planning, tighter procurement and production controls, and disciplined working-capital management. In parallel, forward integration through the newly established Apparel Unit is expected to deepen the value-added mix, expand participation in higher-margin categories, and support growth in both revenues and profitability. Together with the Company's energy initiatives and ongoing product-mix improvement, these actions are expected to reinforce competitiveness and support sustainable performance in the period ahead.

Acknowledgement

The board places on record its profound gratitude for its esteemed shareholders, banks, financial institutions and customers, whose cooperation, continued support and patronage have empowered the company to make progress towards consistent improvement. During the period under review, relations between the management and employees remained cordial and we wish to put on record our appreciation for the dedication, perseverance and steadiness of the employees of the company

For and on behalf of the Board

INDEPENDENT AUDITOR'S REVIEW REPORT

To the members of Kohinoor Mills Limited

Report on review of Condensed Interim Financial Statements

Introduction

We have reviewed the accompanying condensed interim statement of financial position of KOHINOOR MILLS LIMITED as at 31 December 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 half year then ended (here-in-after referred to as the "condensed interim financial statements"). Management is responsible for the preparation and presentation of these condensed 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 condensed 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 condensed 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 condensed 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 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 condensed interim statement of comprehensive income for the three months period ended 31 December 2025 have not been reviewed by us.

The engagement partner on the review resulting in this independent auditor's review report is Mubashar Mehmood.

RIAZ AHMAD & COMPANY

Chartered Accountants

Lahore

Date: 19 February 2026

UDIN: RR202510158UqTMPVCnw

CONDENSED INTERIM FINANCIAL STATEMENTS

for the half year ended 31 December 2025

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

EQUITY AND LIABILITIES

Share capital and reserves Authorized share capital

2,200,000,000 (30 June 2025: 220,000,000)

ordinary shares of Rupee 1 (30 June 2025:Rupees 10) each 300,000,000 (30 June 2025: 30,000,000)

preference shares of Rupee 1 (30 June 2025:Rupees 10) each

Un-audited Audited

31 December 30 June

2025 2025

Note Rupees Rupees

Issued, subscribed and paid-up share capital 509,110,110 (30 June 2025: 50,911,011)

ordinary shares of Rupee 1 (30 June 2025:Rupees 10) each 4

Capital reserves Share premium reserve

Fair value reserve FVTOCI investment

Surplus on revaluation of operating fixed assets - net of tax Revenue reserves

General reserve Accumulated profit

Total equity LIABILITIES

Non-current liabilities

Long term financing - secured 5

Lease liabilities Deferred liabilities

Deferred income - Government grant

Current liabilities

Trade and other payables Accrued mark-up

Short term borrowings - secured Current portion of non-current liabilities

Provision for taxation and levy payable - net Unclaimed dividend

Total liabilities

Contingencies and commitments 6

TOTAL EQUITY AND LIABILITIES

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

AAMIR FAYYAZ SHEIKH CHIEF EXECUTIVE

RASHID AHMED DIRECTOR

ASSETS

Non-current assets

Un-audited Audited

31 December 30 June

2025 2025

Note Rupees Rupees

Fixed assets 7

Right-of-use assets Intangible asset

Long term investment Long term loans

Long term security deposits

Current assets

Stores, spares and loose tools Stock-in-trade

Trade debts

Loans and advances

Short term deposits and prepayments Sales tax recoverable

Other receivables

Short term investments 8

Cash and bank balances

Non-current asset classified as held for sale

TOTAL ASSETS

KAMRAN SHAHID CHIEF FINANCIAL OFFICER

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)

FOR THE HALF YEAR ENDED 31 DECEMBER 2025

Half year ended Quarter ended 31 December 31 December 31 December 31 December

2025 2024 2025 2024

Note Rupees Rupees Rupees Rupees

REVENUE 9

COST OF SALES 10

GROSS PROFIT

DISTRIBUTION COST ADMINISTRATIVE EXPENSES OTHER EXPENSES

OTHER INCOME

PROFIT FROM OPERATIONS FINANCE COST

PROFIT BEFORE LEVY AND TAXATION

LEVY

PROFIT BEFORE TAXATION TAXATION

PROFIT AFTER TAXATION

EARNINGS PER SHARE

- BASIC AND DILUTED

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

AAMIR FAYYAZ SHEIKH CHIEF EXECUTIVE

RASHID AHMED DIRECTOR

KAMRAN SHAHID CHIEF FINANCIAL OFFICER

CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME(UN-AUDITED)

FOR THE HALF YEAR ENDED 31 DECEMBER 2025

PROFIT AFTER TAXATION OTHER COMPREHENSIVE LOSS

Items that will not be reclassified to profit or loss:

Fair value adjustment arising on remeasurement of investment at fair value through other comprehensive income

Deferred income tax relating to this item

Items that may be reclassified subsequently to profit or loss

Other comprehensive loss for the period - net of tax

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

Half year ended Quarter ended 31 December 31 December 31 December 31 December

2025 2024 2025 2024

Rupees Rupees Rupees Rupees

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

AAMIR FAYYAZ SHEIKH CHIEF EXECUTIVE

RASHID AHMED DIRECTOR

KAMRAN SHAHID CHIEF FINANCIAL OFFICER

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY

FOR THE HALF YEAR ENDED 31 DECEMBER 2025

--------------------------------------------------------------------------- RUPEES ---------------------------------------------------------------------------

Half Yearly Report 2025

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

13

AAMIR FAYYAZ SHEIKH CHIEF EXECUTIVE

RASHID AHMED DIRECTOR

KAMRAN SHAHID CHIEF FINANCIAL OFFICER

CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE HALF YEAR ENDED 31 DECEMBER 2025

Half year ended

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

AAMIR FAYYAZ SHEIKH CHIEF EXECUTIVE

RASHID AHMED DIRECTOR

KAMRAN SHAHID CHIEF FINANCIAL OFFICER

SELECTED NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE HALF YEAR ENDED 31 DECEMBER 2025

1. THE COMPANY AND ITS OPERATIONS

   Kohinoor Mills Limited ("the Company") is a public limited company incorporated on 21 December 1987 in Pakistan under the Companies Ordinance, 1984 (now Companies Act, 2017) and its shares are quoted on Pakistan Stock Exchange Limited. Manufacturing units (dyeing, weaving, power generation and apparel) and registered office of the Company is situated at 8-K.M., Manga Raiwind Road, District Kasur. Marketing office of the Company is situated at Office No. 815, 8th Floor, Uni Centre, Serai Quarters, I.I Chundrigar Road, Karachi. The Company is principally engaged in the business of textile manufacturing covering weaving, bleaching, dyeing, buying, selling and otherwise dealing in yarn, cloth and other goods and fabrics made from raw cotton and synthetic fiber and to generate and supply electricity.

2. BASIS OF PREPARATION

   1. 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 as 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; and

      • 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.

   2. These condensed interim financial statements do not include all the information and disclosures required in annual financial statements and should be read in conjunction with the annual audited financial statements of the Company for the year ended 30 June 2025. These condensed interim financial statements are un-audited, however, have been subjected to limited scope review by the auditors and are being submitted to the shareholders as required by the Listed Companies (Code of Corporate Governance) Regulations, 2019 and Section 237 of the Companies Act, 2017.

3. MATERIAL ACCOUNTING POLICY INFORMATION

   The material accounting policy information and methods of computations adopted for the preparation of these condensed interim financial statements are the same as applied in the preparation of the preceding audited annual published financial statements of the Company for the year ended 30 June 2025.

   3.1 CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS

   The preparation of these condensed interim financial statements in conformity with the approved accounting standards requires the use of certain critical accounting estimates. It also requires the management to exercise its judgment in the process of applying the Company's accounting policies. Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

   During preparation of these condensed interim financial statements, the significant judgments made by the management in applying the Company's accounting policies and the key sources of estimation and uncertainty were the same as those that applied in the preceding audited annual published financial statements of the Company for the year ended 30 June 2025.

4. During the period, the Company announced a subdivision of its shares in a ratio of 10 shares for every 1 share held, reducing the nominal (face) value of each share from Rupees 10 to Rupee 1 per share and same was approved in extraordinary general meeting held on 09 September 2025. As a result, the total number of issued shares has been increased from 50,911,011 ordinary shares of Rupees 10 each to 509,110,110 ordinary shares of Rupee 1 each. However, the total paid-up share capital amount of the Company remained unchanged. The share split is intended to enhance the liquidity of the Company's shares in the equity market, attract a broader investor base, and strengthen the Company's market presence. Accordingly, the earnings per share (EPS) figures for all periods presented in these condensed interim financial statements have been adjusted to reflect the revised number of shares post-split, as required under IAS 33 "Earnings per Share".

5. LONG TERM FINANCING - SECURED

   Opening balance

   Add: Obtained during the period / year Less: Repaid during the period / year Less: Other non-cash movements

   Add: Adjustment due to impact of IFRS - 9 during the period / year Add: Deferred income amortised during the period / year (Note 5.1)

   Less: Current portion shown under current liabilities

   Un-audited Audited

   31 December 30 June

   2025 2025

   2,094,188,761	1,793,320,514
   646,195,000	744,042,913
   (363,519,108)	(482,933,582)
   -	(18,872,123)
   9,124,761	20,397,642
   17,465,567	38,233,397
   2,403,454,981	2,094,188,761
   518,310,341	455,840,863
   1,885,144,640	1,638,347,898

   Rupees Rupees

   5.1 This represents net impact of benefit of loans obtained under the schemes of State Bank of Pakistan at below market rate of interest.

6. CONTINGENCIES AND COMMITMENTS

   Contingencies

   There is no significant change in the status of contingencies as reported in the preceding audited annual published financial statements of the Company for the year ended 30 June 2025 except for the following:

   1. The Company received notice from the Collector of Customs (Appraisement), Dryport, Lahore, during the year ended 30 June 2023 alleging non-payment of advance income tax at the time of import of goods during the period from 2008 to 2011, thereby raising a demand of Rupees 26.195 million along with a penalty of Rupees 0.50 million. The matter was decided against the Company by the Collector of Customs (Adjudication), who directed payment of the aforesaid amount along with penalties. Being aggrieved, the Company has filed an appeal before the Customs, Excise and Sales Tax Appellate Tribunal, which is pending adjudication. Based on legal advice, management is of the view that the Company has reasonable grounds to defend its position and accordingly, no provision has been recognized in these condensed interim financial statements.

   2. The Company received notices from SNGPL to pay an amount of Rupees 18.437 million of account of adjustments and late payment surcharge on retrospective redetermination of tariff of RLNG for the period from April 2015 to June 2022. Currently, the Company's appeal is in Lahore High Court, Lahore which is pending adjudication. Based on legal advice, management is of the view that the Company has reasonable grounds to defend its position and accordingly, no provision has been recognized in these condensed interim financial statements.

   Commitments

   1. Aggregate commitments for capital and revenue expenditures are amounting to Rupees 69.070 million and Rupees 209.160 million (30 June 2025: Rupees 396.077 million and Rupees 224.303 million) respectively.

   2. Post dated cheques amounting to Rupees 346.024 million (30 June 2025: Rupees 134.039 million) are issued to creditors of the Company and sui northern gas pipeline limited.

   3. Outstanding foreign currency forward contracts are of Rupees 637.171 million (30 June 2025: Rupees 268.796 million).

7. FIXED ASSETS

   Property, plant and equipment

   Operating fixed assets (Note 7.1) Capital work-in-progress (Note 7.2)

   1. Operating fixed assets

      Opening net book value

      Add: Cost of additions during the period / year (Note 7.1.1)

      Less: Book value of deletions during the period / year (Note 7.1.2) Less: Depreciation charged during the period / year

      Closing net book value

      1. Cost of additions

         Freehold land Factory building Plant and machinery Electric installations

         Furniture, fixtures and equipment Computers

         Motor vehicles

      2. Book value of deletions

         Plant and machinery Motor vehicles

   2. Capital work-in-progress

   Plant and machinery Electric installations

   Furniture fixtures and equipment Buildings

   Advance for purchase of land Stores held for capital expenditures Unallocated capital expenditure

   Un-audited Audited

   31 December 30 June

   2025 2025

   12,767,738,947	11,338,078,217
   959,581,879	1,471,167,710
   13,727,320,826	12,809,245,927
   11,338,078,217	11,535,325,319
   1,728,305,320	379,665,075
   13,066,383,537	11,914,990,394
   23,134,411	44,391,533
   275,510,179	532,520,644
   12,767,738,947	11,338,078,217
   -	19,530,725
   213,868,265	33,120,272
   1,318,734,967	230,640,785
   156,484,900	17,225,429
   34,330,441	10,405,096
   -	11,919,149
   4,886,747	56,823,619
   1,728,305,320	379,665,075
   13,591,014	41,763,130
   9,543,397	2,628,403
   23,134,411	44,391,533
   546,463,031	656,011,863
   143,772,415	175,064,732
   642,263	22,178,516
   1,375,798	36,637,925
   10,000,000	-
   91,991,040	472,075,477
   165,337,332	109,199,197
   959,581,879	1,471,167,710

   Rupees Rupees

8. SHORT TERM INVESTMENTS

   At fair value through profit or loss Mutual funds:

   MCB Cash Management Optimizer

   910,821.3539 (30 June 2025: 3,520,348.139) units

   NBP Money Market Fund

   1,441,459.049 (30 June 2025: 1,441,459.049) units

   NBP Islamic Daily Dividend Fund 117.1869 (30 June 2025: Nil) units

   Add: Fair value adjustment

   Un-audited Audited

   31 December 30 June

   2025 2025

   95,946,979	359,554,277
   14,461,870	14,427,035
   1,171	-
   110,410,020	373,981,312
   2,647,950	636,815
   113,057,970	374,618,127

   Rupees Rupees

9. REVENUE

   20

   Revenue from contracts with customers Disaggregation of revenue

   In the following table, revenue is disaggregated by primary geographical market, major products and service lines and timing of revenue recognition.

   Description	Weaving
   	Half year ended				Quarter ended
   	31 December 2025		31 December 2024		31 December 2025		31 December 2024

   Dyeing
   Half year ended				Quarter ended
   31 December 2025		31 December 2024		31 December 2025		31 December 2024

   Apparel
   Half year ended				Quarter ended
   31 December 2025		31 December 2024		31 December 2025		31 December 2024

   Total
   Half year ended				Quarter ended
   31 December 2025		31 December 2024		31 December 2025		31 December 2024

   - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - R u p e e s - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

   -637,584,303 1,708,091,878 250,755,260 17,545,244 2,751,711,185

   5,365,687,870 2,485,781

   5,368,173,651

   4,017,995,047 1,222,734,371 -20,453,324 4,005,504 102,985,405

   5,368,173,651

   5,368,173,651 -

   5,368,173,651

   -256,186,078 898,407,902 147,268,775 17,545,244 1,665,989,175

   2,985,397,174 1,536,444

   2,986,933,618

   1,792,929,047 1,133,313,975 -7,683,472 - 53,007,124

   2,986,933,618

   2,986,933,618 -

   2,986,933,618

   64,694,612 2,782,122,826 131,779,003 170,664,452 220,243,300 4,294,567,213

   7,664,071,406 13,636,759

   7,677,708,165

   -7,422,004,637 - -240,765,202 14,938,326

   7,677,708,165

   7,677,708,165 -

   7,677,708,165

   52,301,346 1,182,161,301 89,796,015 81,629,340 137,843,435 2,234,809,603

   3,778,541,039 6,383,459

   3,784,924,498

   -3,671,507,647 - -106,122,889 7,293,961

   3,784,924,498

   3,784,924,498 -

   3,784,924,498

   - - -19,917,380 - 8,192,512

   28,109,892 -

   28,109,892

   - -23,172,532 -4,937,360 -

   28,109,892

   28,109,892 -

   28,109,892

   - - -19,917,380 - 8,192,512

   28,109,892 -

   28,109,892

   - -23,172,532 -4,937,360 -

   28,109,892

   28,109,892 -

   28,109,892

   64,694,612 3,419,707,129 1,839,870,881 441,337,092 237,788,544 7,054,470,910

   13,057,869,168 16,122,540

   13,073,991,708

   4,017,995,047 8,644,739,008 23,172,532 20,453,324 249,708,066 117,923,731

   13,073,991,708

   13,073,991,708 -

   13,073,991,708

   52,301,346 1,438,347,379 988,203,917 248,815,495 155,388,679 3,908,991,290

   6,792,048,105 7,919,903

   6,799,968,008

   1,792,929,047 4,804,821,622 23,172,532 7,683,472 111,060,249 60,301,085

   6,799,968,008

   6,799,968,008 -

   6,799,968,008

   Geographical market

   Kohinoor Mills Limited

   Australia Asia Europe

   North America Africa Pakistan

   Export rebate

   Major products / service lines

   Greige cloth Dyed cloth Garments Yarn

   Processing income

   Waste

   Timing of revenue recognition

   Products and services transferred at a point in time

   Products and services transferred over time

   -664,166,878

   2,224,731,035

   86,096,261

   -2,322,539,461

   5,297,533,635

   2,653,657

   5,300,187,292

   5,151,452,683

   -

   -58,144,407

   -

   90,590,202

   5,300,187,292

   5,300,187,292

   -5,300,187,292

   -344,477,186

   1,094,234,007

   34,327,737

   -1,218,716,572

   2,691,755,502

   -2,691,755,502

   2,632,304,869

   -

   -19,250,969

   -

   40,199,664

   2,691,755,502

   2,691,755,502

   -2,691,755,502

   99,368,494

   3,914,543,610

   166,045,634

   253,306,077

   287,711,606

   4,475,295,163

   9,196,270,584

   16,012,843

   9,212,283,427

   -8,828,435,960

   -

   -365,086,043

   18,761,424

   9,212,283,427

   9,212,283,427

   -9,212,283,427

   40,839,885

   2,005,982,546

   61,239,591

   323,087,654

   55,107,661

   2,303,303,213

   4,789,560,550

   11,065,300

   4,800,625,850

   -4,617,300,049

   -

   -174,093,808

   9,231,993

   4,800,625,850

   4,800,625,850

   -4,800,625,850

   - - 99,368,494

   - - 4,578,710,488

   - - 2,390,776,669

   - - 339,402,338

   - - 287,711,606

   - - 6,797,834,624

   - - 14,493,804,219

   - - 18,666,500

   - - 14,512,470,719

   - - 5,151,452,683

   - - 8,828,435,960

   - - -

   - - 58,144,407

   - - 365,086,043

   - - 109,351,626

   - - 14,512,470,719

   - - 14,512,470,719

   - - -

   - - 14,512,470,719

   40,839,885

   2,350,459,732

   1,155,473,598

   357,415,391

   55,107,661

   3,522,019,785

   7,481,316,052

   11,065,300

   7,492,381,352

   2,632,304,869

   4,617,300,049

   -19,250,969

   174,093,808

   49,431,657

   7,492,381,352

   7,492,381,352

   -7,492,381,352

   9.1 Revenue is recognized at point in time as per the terms and conditions of underlying contracts with customers.

10. COST OF SALES

    Raw material consumed Chemical consumed

    Salaries, wages and other benefits Employees' provident fund contributions Cloth conversion and processing charges Fuel, oil and power

    Stores, spares and loose tools consumed Packing material consumed

    Repair and maintenance Insurance

    Other manufacturing expenses Depreciation on operating fixed assets

    Work-in-process inventory Opening stock

    Closing stock

    Cost of goods manufactured

    Finished goods inventory Opening stock

    Closing stock

    Un-audited Un-audited

    Half year ended Quarter ended 31 December 31 December 31 December 31 December

    2025 2024 2025 2024

    7,589,105,311 923,451,445 686,854,174 43,925,796 375,217,080 1,374,484,448 180,008,286 75,314,061 60,541,087 27,053,334 94,761,018 264,650,119
    11,695,366,159
    486,084,056 (749,499,337)
    (263,415,281)
    11,431,950,878
    2,898,093,192 (3,207,120,609)
    (309,027,417)
    11,122,923,461

    8,887,587,485		3,912,897,349
    905,494,342		487,772,292
    650,395,765		373,991,638
    40,037,930		25,154,338
    201,430,331		276,902,739
    1,473,580,239		620,067,142
    179,980,560		61,705,295
    84,038,632		41,806,384
    49,649,461		32,533,773
    24,799,990		13,997,016
    86,095,611		54,328,689
    246,554,861		145,092,749
    12,829,645,207		6,046,249,404
    506,883,363		710,387,161
    (711,348,188)		(749,499,337)
    (204,464,825)		(39,112,176)
    12,625,180,382		6,007,137,228
    3,056,904,216		2,923,301,909
    (3,168,610,916)		(3,207,120,609)
    (111,706,700)		(283,818,700)
    12,513,473,682		5,723,318,528

    Rupees Rupees Rupees Rupees

    4,328,425,392

    464,175,805

    317,243,532

    19,951,638

    128,115,175

    719,410,466

    75,509,017

    44,707,810

    29,033,356

    12,370,718

    41,579,621

    123,565,182

    6,304,087,712

    756,678,468

    (711,348,188)

    45,330,280

    6,349,417,992

    3,242,451,217

    (3,168,610,916)

    73,840,301

    6,423,258,293

11. CASH GENERATED FROM OPERATIONS

    Profit before levy and taxation

    Adjustments for non-cash charges and other items:

    Depreciation on operating fixed assets Depreciation on right of-use assets Amortization of intangible assets Dividend income

    Gain on sale of operating fixed assets - net

    Gain on sale of non-current assets classified as held for sale Gain on sale of mutual fund

    Unrealized gain on remeasurement of FVTPL investments Unrealized gain on forwards exchange contracts Adjustment due to impact of IFRS-9 on long term financing Interest on lease liabilities

    Provision for slow moving, obsolete and damaged store items Reversal of allowance for expected credit losses

    Reversal of provision for advance to staff against expense Amortization of deferred grant

    Provision for doubtful export rebate Provision for doubtful sales tax recoverable Finance cost

    Working capital changes (Note 11.1)

    11.1 Working capital changes

    (Increase) / decrease in current assets

    Stores, spares and loose tools Stock-in-trade

    Trade debts

    Loans and advances

    Short term deposits and prepayments Other receivables

    Sales tax recoverable

    (Decrease) / Increase in current liabilities Trade and other payables

    Un-audited

    Half year ended 31 December 31 December

    2025 2024

    275,327,299	301,109,398
    275,510,179	261,565,629
    8,363,633	-
    731,274	731,274
    (3,218,535)	(12,888,833)
    (13,089,649)	(9,328,678)
    (8,518,393)	-
    (8,290,715)	-
    (2,647,950)	(2,352,678)
    (1,262,190)	(4,254,215)
    26,590,328	30,605,221
    3,996,879	-
    2,541,319	16,838,838
    (7,563,464)	(10,598,767)
    (111,500)	-
    (17,465,567)	(19,852,365)
    16,924	1,716,008
    33,683,291	-
    500,504,359	635,940,752
    (534,988,688)	(625,121,526)
    530,108,835	564,110,058
    (294,745,531)	(189,951,249)
    (269,421,889)	(354,467,372)
    318,138,916	(126,343,787)
    (58,698,512)	(1,188,298)
    (30,418,787)	(40,916,423)
    1,636,027	8,015,436
    (131,146,793)	(758,594,258)
    (70,332,119)	838,324,425
    (534,988,688)	(625,121,526)

    Rupees Rupees

12. SEGMENT INFORMATION

    1. The Company has four reportable segments. The following summary describes the operation in each of the Company's reportable segments:

       Weaving Production of different qualities of greige fabric using yarn.

       Dyeing Processing of greige fabric for production of dyed fabric.

       Power Generation Generation and distribution of power and steam using gas, oil and coal. Apparel Production of garments using processed fabric.

       Weaving
       Half year ended
       2025		2024

       Dyeing
       Half year ended
       2025		2024

       Power Generation
       Half year ended
       2025		2024

       Apparel
       Half year ended
       2025		2024

       Elimination of Inter-segment transactions
       Half year ended
       2025		2024

       Total - Company
       Half year ended
       2025		2024

       ------------------------------------------------------------------------------------------------------------------------------------------------------------ R u p e e s ---------------------------------------------------------------------------------------------------------------------------------------

       Sales

       External Intersegment

       Cost of sales Gross profit / (loss) Distribution cost

       Administrative expenses

       Profit / (loss) before levy, taxation and unallocated income / expenses

       Unallocated income and expenses: Finance cost

       Other expenses

       Other income Levy Taxation

       Profit after taxation

       5,300,187,292

       4,423,719,126

9,723,906,418

(8,751,796,852)

972,109,566

(395,582,206)

576,527,360

9,223,267,684

(8,202,982,619)

1,020,285,065

(672,965,617)

347,319,448

1,357,063,601

(1,308,280,522)

48,783,079

(14,239,340)

34,543,739

854,039

(43,034,712)

(42,180,673)

(1,944,094)

(44,124,767)

(5,792,621,023)

5,792,621,023

-

-

-

14,512,470,719

(12,513,473,682)

1,998,997,037

(1,084,731,257)

914,265,780

(666,545,973)

(40,775,724)

94,165,315

(147,969,129)

18,105,051

171,245,320

Half Yearly Report 2025

12,340,460,701

3,004,452,500

8,691,667,242

8,728,610,876

2,298,482,786

12,366,570,192

1,367,513,562

2,510,985,496

24,973,680,126

20,842,187

1,325,293,888

164,798,062

26,484,614,263

Long term financing - secured

Lease liabilities Deferred liabilities

23

Deferred income - Government grant Accrued mark-up

Short term borrowings - secured Unclaimed dividend

Trade and other payables

Provision for taxation and levy payable - net

3,068,435,580

2,294,703,651

309,047,334

29,281,557

5,701,468,122

2,094,188,761

21,087,179

469,911,292

130,402,994

133,176,343

7,409,319,105

8,423,728

193,169,436

51,037,272

16,212,184,232

1. RECOGNIZED FAIR VALUE MEASUREMENTS - FINANCIAL INSTRUMENTS

   1. Fair value hierarchy

      Judgements and estimates are made in determining the fair values of the financial instruments that are recognised and measured at fair value in these condensed interim financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial instruments into the following three levels. An explanation of each level follows underneath the table.

      Recurring fair value measurements At 31 December 2025 - un-audited

      Level 1

      Level 2

      Level 3

      Total

      Financial assets

      Investments at fair value through profit and loss Investment at fair value

      through other comprehensive income Derivative financial assets

      Total financial assets

      .............................. Rupees .............................

      Recurring fair value measurements At 30 June 2025 - audited

      Level 1

      Level 2

      Level 3

      Total

      113,057,970	-	-	113,057,970
      -	-	152,040,582	152,040,582
      -	1,262,190	-	-
      113,057,970	1,262,190	152,040,582	265,098,552

      Financial assets Investments at fair value

      .............................. Rupees .............................

      through profit and loss 374,618,127 - - 374,618,127 Investment at fair value

      through other comprehensive income - - 164,798,062 164,798,062 Derivative financial assets - 701,354 - 701,354

      Total financial assets 374,618,127 701,354 164,798,062 540,117,543

      The above table does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amounts are a reasonable approximation of fair value. Due to short term nature, carrying amounts of certain financial assets and financial liabilities are considered to be the same as their fair value. For the majority of the non-current receivables, the fair values are also not significantly different to their carrying amounts.

      There was no transfer in and out of level 1 and level 3 measurements.

      The Company's policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period.

      Level 1: The fair value of financial instruments traded in active markets (such as publicly traded derivatives, and equity securities) is based on quoted market prices at the end of the reporting period. The quoted market price used for financial assets held by the Company is the current bid price. These instruments are included in level 1.

      Level 2: The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives) is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

      Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities.

   2. Valuation techniques used to determine fair values

      Specific valuation techniques used to value financial instruments include the use of quoted market prices or dealer quotes for similar instruments and the fair value of the remaining financial instruments is determined using discounted cash flow analysis.

   3. Fair value measurements using significant unobservable inputs (level 3)

      The following table presents the changes in level 3 items for the half year ended 31 December 2025:

      Unlisted equity security Rupees

      Balance as on 30 June 2024 - Audited 22,380,302 Add: / (less) Fair value adjustment recognized in other comprehensive income -Balance as on 31 December 2024 - Unaudited 22,380,302 Add: Fair value adjustment recognized in other comprehensive income 142,417,760

      Balance as on 30 June 2025 - Audited 164,798,062 Less: Fair value adjustment recognized in other comprehensive income (12,757,480)

      Balance as on 31 December 2025 - Unaudited 152,040,582

   4. Valuation inputs and relationships to fair value

   The following table summarises the quantitative information about the significant unobservable inputs used in level 3 fair value measurements.

   Description	Fair value as at		Unobservable inputs	Range of inputs (probability-weighted average)	Relationship of unobservable inputs to fair value
   	Un-audited 31 December 2025	Audited 30 June 2025		31 December 2025

   Rupees Rupees

   Investment

   growth rate	2.00%	decrease in
   Risk adjusted		terminal growth
   discount rate	14.56%	factor by 1%
   		and decrease
   		/ increase in
   		discount rate by
   		1% would increase
   		/ decrease fair
   		value by Rupees
   		+24.305 million /
   		-17.733 million.

   Security General Insurance 152,040,582 164,798,062 Terminal Increase / Company Limited

   There were no significant inter-relationships between unobservable inputs that materially affect fair values.

   Valuation processes

   Independent valuer performs the valuation of non-property item required for financial reporting purposes, including level 3 fair values. The independent valuer reports directly to the chief financial officer. Discussions of valuation processes and results are held between the chief financial officer and thevaluationteamatleastonceeverysixmonth, inlinewiththe Company'shalfyearlyreportingperiod.

   The main level 3 inputs used by the Company are derived and evaluated as follows:

   Discount rates for financial instrument is determined using a capital asset pricing model to calculate a rate that reflects current market assessments of the time value of money and the risk specific to the asset.

   Earnings growth factor for unlisted equity security is estimated based on market information for similar types of companies.

   Changes in level 2 and 3 fair values are analysed at the end of each half yearly reporting period during the valuation discussion between the chief financial officer and the independent valuer. As part of this discussion the independent valuer presents a report that explains the reason for the fair value movements.

2. RECOGNIZED FAIR VALUE MEASUREMENTS - NON-FINANCIAL ASSETS

   1. Fair value hierarchy

      Judgements and estimates are made for non-financial assets that are recognized and measured at fair value in these condensed interim financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its non-financial assets into the following three levels.

      At 31 December 2025 Un-audited

      Level 1

      Level 2

      Level 3

      Total

      .............................. Rupees .............................

      -	4,426,954,725	-	4,426,954,725
      -	-	2,545,761,354	2,545,761,354
      -	4,426,954,725	2,545,761,354	6,972,716,079

      Property, plant and equipment:

      • Freehold land

      • Buildings

      Total non-financial assets

      At 30 June 2025 Audited

      Level 1

      Level 2

      Level 3

      Total

      .............................. Rupees .............................

      Property, plant and equipment:
      - Freehold land	- 4,426,954,725	- 4,426,954,725
      - Buildings	- -	2,392,577,645 2,392,577,645
      Total non-financial assets	- 4,426,954,725	2,392,577,645 6,819,532,370

      The Company's policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period.

      There were no transfers between levels 1 and 2 for recurring fair value measurements during the half year ended 31 December 2025. Further, there was no transfer in and out of level 3 measurements.

   2. Valuation techniques used to determine level 2 fair values

   The Company obtains independent valuations for the items of property, plant and equipment carried at revalued amounts every three years. The management updates the assessment of the fair value of each item of property, plant and equipment carried at revalued amount, taking into account the most recent independent valuations. The management determines the value of items of property, plant and equipment carried at revalued amounts within a range of reasonable fair value estimates. The best evidence of fair value of freehold land is current prices in an active market for similar lands. The best evidence of fair value of buildings is to calculate fair depreciated market value by applying an appropriate annual rate of depreciation on the new construction / replacement value of the same building.

   Valuation processes

   The Company engages external, independent and qualified valuer to determine the fair value of the Company's items of property, plant and equipment carried at revalued amounts at the end of every three years. As at 30 June 2024, the fair values of the items of property, plant and equipment (land and buildings) were determined by Messers Hamid Mukhtar and Company (Private) Limited, the approved valuer.

   Changes in fair values are analysed between the chief financial officer and the valuer. As part of this discussion the team presents a report that explains the reason for the fair value movements.

3. TRANSACTIONS WITH RELATED PARTIES

   Related parties comprise key management personnel and provident fund trust. The Company in the normal course of business carries out transactions with related parties. Detail of transactions with related parties are as follows:

   Un-audited Un-audited

   Half year ended Quarter ended

   	31 December	31 December	31 December	31 December
   	2025 Rupees	2024 Rupees	2025 Rupees	2024 Rupees
   Repayment of loan to:
   Chief executive officer	3,500,000	4,200,000	2,500,000	3,200,000
   Close relatives of chief executive officer	6,000,000	-	6,000,000	-
   Remuneration to Chief executive officer,
   directors and executives	278,855,407	216,282,652	165,115,393	122,246,716
   Contribution to employees' provident fund trust	61,224,459	54,362,559	34,933,980	27,809,590
   Dividend received from Security General
   Insurance Company Limited.	3,218,535	3,862,002	-	-
   Insurance expense - Security General
   Insurance Company Limited.	1,134,066	1,125,365	594,033	552,574

   	Un-audited 31 December	Audited 30 June
   	2025 Rupees	2025 Rupees
   Period end balances
   Loan from: Chief executive officer	30,300,000	33,800,000
   Close relatives of chief executive officer	21,532,490	27,532,490
   Director	17,282,000	17,282,000
   Payable / (Recievable) to / from employees' provident fund trust	3,535,415	(151,992)
   Payable to Security General Insurance Company Limited	449,572	430,000

4. FINANCIAL RISK MANAGEMENT

   The Company's financial risk management objectives and policies are consistent with those disclosed in the preceding audited annual published financial statements of the Company for the year ended 30 June 2025.

5. DISCLOSURE REQUIREMENT FOR COMPANY NOT ENGAGED IN SHARIAH NON-PERMISSIBLE BUSINESS ACTIVITITIES AS ITS CORE BUSINESS ACTIVITIES

Un-audited Audited

31 December 30 June

2025 2025

Rupees Rupees