3rd Quarter Report 2025

‌LAFARGEHOLCIM BANGLADESH PLC.

Consolidated Statement of Financial Position (Un-audited)

at 30 September 2025

30 Sep 2025

31 Dec 2024

NOTES

Taka'000

Taka'000

Assets

Non-current assets

Property, plant and equipment

16,793,462

16,603,659

Intangible assets

1,197,334

1,267,827

Employee benefits - funded plan assets

213,740

217,463

Total non-current assets

18,204,536

18,088,949

Current assets

Inventories

3,565,565

3,941,669

Trade receivables

827,083

503,207

Other current assets

7

5,109,597

4,378,890

Advance income tax

370,432

63,177

Cash and cash equivalents

6,472,904

9,600,898

Total current assets

16,345,581

18,487,841

Total assets

34,550,117

36,576,790

Equity & liabilities

Share capital

11,613,735

11,613,735

Retained earnings

7,226,425

5,877,401

Other components of equity

25,588

9,329

Foreign currency translation

1,030,152

1,091,911

Equity attributable to owners of the Company

19,895,900

18,592,376

Non-controlling interests

(580)

(584)

Total equity

19,895,320

18,591,792

Non-current liabilities

Lease liabilities

78,290

102,137

Deferred tax liabilities

1,548,103

1,772,726

Employee benefits - unfunded plan obligations

171,739

157,424

Provision

103,444

97,410

Total non-current liabilities

1,901,576

2,129,697

Current liabilities

Trade payables

11,512,315

14,348,355

Other current liabilities

1,175,030

1,054,208

Lease liabilities

28,351

28,351

Short-term borrowings

8

-

232,579

Unclaimed dividend

37,525

191,808

Total current liabilities

12,753,221

15,855,301

Total equity and liabilities

34,550,117

36,576,790

Net Asset Value (NAV) Per Share

12

17.13

16.01

The accompanying Notes 1 to 15 form an integral part of these interim financial statements.

Company Secretary

Chief Financial Officer

Director Director Chief Executive Officer

NOTES

Jan-Sep 2025

Taka '000

Jan-Sep 2024

Taka '000

Jul-Sep 2025

Taka '000

Jul-Sep 2024

Taka '000

Revenue

9

21,661,381

20,691,716

6,680,278

6,273,020

Cost of sales

(15,520,974)

(14,245,916)

(4,778,376)

(4,432,113)

Gross profit

6,140,407

6,445,800

1,901,902

1,840,907

General and administrative expenses

(1,303,790)

(1,287,309)

(417,909)

(410,739)

Sales and marketing expenses

(576,014)

(424,478)

(165,428)

(132,884)

Other operating income/(expenses)

35,414

23,871

9,844

(5,211)

Operating profit

4,296,017

4,757,884

1,328,409

1,292,073

Finance cost

10

(27,035)

(524,092)

101,399

(99,050)

Finance income

177,386

128,464

65,952

24,043

Profit before tax

4,446,368

4,362,256

1,495,760

1,217,066

Income tax

(890,734)

(1,054,252)

(298,206)

(339,549)

Profit for the period

3,555,634

3,308,004

1,197,554

877,517

Earning Per Share

Basic (Taka)

12

3.06

2.85

1.03

0.76

Diluted (Taka)

12

3.06

2.85

1.03

0.76

LAFARGEHOLCIM BANGLADESH PLC.

Consolidated Statement of Comprehensive Income (Un-audited)

for the period ended 30 September 2025

Jan-Sep 2025

Jan-Sep 2024

Jul-Sep 2025

Jul-Sep 2024

Taka'000

Taka'000

Taka '000

Taka '000

Profit for the period

3,555,634

3,308,004

1,197,554

877,517

Items that may be reclassified subsequently to profit or loss

Cash flow hedge - net of tax

16,259

11,672

(3,856)

40,005

Exchange differences on translating foreign operation

(61,759)

509,906

(257,419)

50,060

Non controlling interests- currency translation adjustment

4

369

(85)

439

Other comprehensive income for the period

(45,496)

521,947

(261,360)

90,503

Total comprehensive income for the period

3,510,138

3,829,951

936,194

968,020

Profit attributable to:

Owners of the parent Company

3,510,134

3,829,582

936,279

967,581

Non-controlling interests

4

369

(85)

439

3,510,138

3,829,951

936,194

968,020

Company Secretary

Chief Financial Officer

Director

Director

Chief Executive Officer

LAFARGEHOLCIM BANGLADESH PLC.

Consolidated Statement of Changes in Equity (Un-audited)

for the period ended 30 September 2025

( All figures are in Tk. '000)

Other

Foreign

Equity for

Non

Share

Retained

components

currency

parent

controlling

Total

capital

earnings

of equity

translation

company

interests

equity

Balance at 1 January 2024

11,613,735

10,071,574

(171,405)

712,912

22,226,816

(527)

22,226,289

Total comprehensive income for the period

-

3,308,004

11,672

509,906

3,829,582

369

3,829,951

Dividend for 2023

-

(5,806,868)

-

-

(5,806,868)

-

(5,806,868)

Balance at 30 September 2024

11,613,735

7,572,710

(159,733)

1,222,818

20,249,530

(158)

20,249,372

Balance at 1 January 2025

11,613,735

5,877,401

9,329

1,091,911

18,592,376

(584)

18,591,792

Total comprehensive income for the period

-

3,555,634

16,259

(61,759)

3,510,134

4

3,510,138

Dividend for 2024

-

(2,206,610)

-

-

(2,206,610)

-

(2,206,610)

Balance at 30 September 2025

11,613,735

7,226,425

25,588

1,030,152

19,895,900

(580)

19,895,320

Company Secretary

Chief Financial Officer

Director Director Chief Executive Officer

LAFARGEHOLCIM BANGLADESH PLC.

Consolidated Statement of Cash Flows (Un-audited)

for the period ended 30 September 2025

Jan-Sep 2025

Jan-Sep 2024

Notes

Taka'000

Taka'000

Cash flows from operating activities

Cash receipts from customers

20,105,954

19,897,697

Cash paid to suppliers and employees

(17,864,909)

(15,400,565)

Cash generated from operations

2,241,045

4,497,132

Income tax paid

(1,422,697)

(1,746,007)

Other receipts

32,865

21,469

Net cash generated by operating activities

851,213

2,772,594

Cash flows from investing activities

Payments for property, plant and equipment

(1,560,749)

(1,063,028)

Payments for intangible assets

(12,945)

-

Proceeds from sale of property, plant and equipment

1,702

24,392

Investment in fixed deposits receipts

-

-

Interest income on bank deposits

149,961

129,860

Net cash used in investing activities

(1,422,031)

(908,776)

Cash flows from financing activities

Repayments of the lease liabilities

(23,847)

(19,982)

Repayment of / (Proceeds from) short term borrowings

(232,579)

644,157

Payment of interest and other finance cost

-

(399,520)

Interest paid on lease liability

(8,487)

(4,883)

Proceeds from Margin accounts with banks

55,147

753,844

Dividend payment

(2,360,893)

(5,793,793)

Net cash used in financing activities

(2,570,659)

(4,820,177)

Net effect of foreign currency translation on cash and cash equivalent

13,483

29,288

Net increase/(decrease) in cash and cash equivalents

(3,127,994)

(2,927,071)

Cash and cash equivalents at beginning of the period

9,600,898

9,345,525

Cash and cash equivalents at end of the period

6,472,904

6,418,454

Net Operating Cash Flow Per Share (NOCFPS)

0.73

2.39

Company Secretary

Chief Financial Officer

Director Director

Chief Executive Officer

LAFARGEHOLCIM BANGLADESH PLC.

Notes to the Condensed Consolidated Financial Statements (Un-audited)

for the period ended 30 September 2025

1

General information

LafargeHolcim Bangladesh PLC. (LHB) - (hereinafter referred to as "the Company") was incorporated on 11 November 1997 as a private limited company in Bangladesh under the Companies Act 1994 having its registered office in Dhaka. At the time of incorporation the name of the Company was "Lafarge Surma Cement Limited". On 07 February 2017 the Registrar of Joint Stock Companies and Firms of Bangladesh (RJSC) approved the name change to "LafargeHolcim Bangladesh Limited" of the Company. On 18 August 2024 the Registrar of Joint Stock Companies and Firms of Bangladesh (RJSC) further approved the name change to "LafargeHolcim Bangladesh PLC." of the Company. The Company has subsequently been converted into a public limited company on 20 January 2003 and went for Initial Public Offering of shares in November 2003 which was fully subscribed and issued. The shares have since been listed and are being traded in Dhaka and Chittagong Stock Exchanges. Presently the Company has two subsidiaries in India. The main objectives of the subsidiaries are to support the holding company. A brief description of each of the subsidiary is given below:

Lum Mawshun Minerals Private Limited (LMMPL) - incorporated under the Indian Companies Act 1956 on

17 November 1994 as a private limited company with its registered office at Shillong in the State of Meghalaya, India.

Lafarge Umiam Mining Private Limited (LUMPL) - incorporated under the Indian Companies Act 1956 on 22 March 1999 as a private limited company with its registered office at Shillong in the State of Meghalaya, India.

2

Nature of business

The Company operates cement and aggregates manufacturing plants at Chhatak under Sunamganj district, and three (3) grinding plants near Dhaka and Khulna. The Company extracts and processes the basic raw materials of limestone from the quarry in Meghalaya, India, owned by the Company's fully owned subsidiary Lafarge Umiam Mining Private Limited. A 17 kilometres cross-border conveyor belt links the quarry with the cement plant for transportation of raw materials.

The company is engaged in manufacturing and marketing of building materials in the local market and international market.

3

Basis of preparation

The consolidated interim financial statements have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting.

4

Comparatives

Comparative figures and account titles in the financial statements have been rearranged/reclassified where necessary to conform with changes in presentation in the current year.

5

Principles of consolidation

The accounts of all the subsidiaries of the Company have been fully consolidated as the Company directly controls more than 50% of the voting shares of these entities.

The Company has made following investments in its subsidiaries which have been eliminated during consolidation:

30 Sep 2025

31 Dec 2024

Name of subsidiary

Taka'000

Taka'000

Lafarge Umiam Mining Private Limited, India

519,356

519,356

Lum Mawshun Minerals Private Limited, India

537

537

519,893

519,893

All inter-company balances between the Company and its subsidiaries are eliminated on consolidation.

6

Scope of consolidation

Name of the subsidiary

Country of Incorporation

% of ownership interest

Lafarge Umiam Mining Private Limited

India

100

Lum Mawshun Minerals Private Limited

India

74

The same accounting policies, presentation and methods of computation have been followed in these interim financial statements as were applied in the preparation of the Company's financial statements for the year ended 31 December 2024.

Comparative figures and account titles in the financial statements have been rearranged/reclassified where necessary to conform with changes in presentation in the current period.

7

Gas sales agreement with JGTDS

The amount of other current assets includes an advance of Taka 2,969,755 (in thousands) paid to Jalalabad Gas Transmission and Distribution Systems Limited (JGTDS).

The Company had an Arbitration with JGTDS. On 15 September 2023, the Arbitration Tribunal issued the Final Award in favor of the Company. As per the Award, the Ceiling Price is a valid and enforceable provision of the Gas Sales Agreement (GSA). In March 2024, JGTDS filed an Application before the Honorable High Court Division of the Supreme Court of Bangladesh for supply of gas at a rate fixed by the Bangladesh Energy Regulatory Commission (BERC) from September 2015 onwards. On August 3, 2025 the High Court Division passed a verbal order in favor of the Company stating the application filed by JGTDS is "not maintainable". However, the Honorable Court is yet to issue the written judgment.

8

Short-term borrowings

The company availed short term borrowings (Usance payable at sight) facilities from the banks for settlement of payables against import purchases.

9

Segment information- Period: January- September

2025

Reportable segments

Taka'000

Clinker and cement

Aggregates

Total

Statement of profit or loss (as on 30 September 2025)

Segment revenue

16,949,011

4,712,370

21,661,381

Operating profit

1,840,305

2,455,712

4,296,017

Assets (as at 30 September 2025)

Segment assets

26,973,533

733,248

27,706,781

Unallocated assets*

-

-

6,843,336

Total assets

34,550,117

Equity and liabilities (as at 30 September 2025)

Segment liabilities

12,685,979

276,549

12,962,528

Unallocated equity and liabilities**

-

-

21,587,589

Total equity and liabilities

34,550,117

2024

Reportable segments

Taka'000

Clinker and cement

Aggregates

Total

Statement of profit or loss (as on 30 September 2024)

Segment revenue

16,712,834

3,978,882

20,691,716

Operating profit

2,660,128

2,097,756

4,757,884

Assets (as at 31 December 2024)

Segment assets

25,569,282

398,967

25,968,249

Unallocated assets*

-

-

6,418,454

Total assets

32,386,703

Equity and liabilities (as at 31 December 2024)

Segment liabilities

9,982,481

117,201

10,099,682

Unallocated equity and liabilities**

-

-

22,152,390

Total equity and liabilities

32,252,072

*Advance tax, derivatives instruments and cash and cash equivalents.

** Borrowings , deferred tax liabilities and unclaimed dividend.

10

Finance Cost

Finance costs decreased due to reduced exchange loss during the period.

Jan-Sep 2025

Jan-Sep 2024

11

A. Income tax

Taka

Taka

Current income tax expenses

1,115,831

1,167,644

Deferred income tax income

(225,097)

(113,392)

890,734

1,054,252

B. Reconciliation of effective tax rate (%)

Average statutory tax rate

22.59

24.56

Permanent differences

4.85

5.03

Deferred tax

(5.06)

(2.60)

Effect of change in tax rate

-

-

Effect of foreign tax differentials

(2.35)

(2.82)

Effective tax rate

20.03

24.17

12

A. Earnings Per Share

The computation of basic earnings per share for the periods ended 2025 and 2024 are as follows:

Numerator

(Thous and Taka)

Jan-Sep 2025

Jan-Sep 2024

Profit for the period

3,555,634

3,308,004

Denominator

(Thous ands of Shares)

Weighted average number of shares outstanding

1,161,374

1,161,374

Basic Earnings Per Share

Taka

3.06

2.85

Diluted Earnings Per Share

Taka

3.06

2.85

B. Net operating cash flow per share (NOCFPS)

The computation of net operating cash flow per share for the periods ended 2025 and 2024 are as follows:

Numerator

(Thous and Taka)

Net operating cash flow for the period

851,213

2,772,594

Denominator

(Thous ands of Shares)

Weighted average number of shares outstanding

1,161,374

1,161,374

Net operating cash flow per share

Taka

0.73

2.39

C. Net asset value (NAV) per share

30 Sep 2025

31 Dec 2024

The computation of net asset value per share for the periods ended 2025 and 2024 are as follows:

Numerator

(Thous and Taka)

Net asset value for the period/year

19,895,900

18,592,376

Denominator

(Thous and Shares)

Weighted average number of shares outstanding

1,161,374

1,161,374

Net asset value per share

Taka

17.13

16.01

Net asset value (NAV) per share

17.13

16.01

Net profit for the period

3,555,634

3,308,004

Income tax expenses

890,734

1,054,252

Depreciation and amortization

1,092,688

971,380

Other non-cash items

31,364

48,322

Non-operating items

(150,351)

395,628

Income tax paid

(1,422,697)

(1,746,007)

Changes in net working capital

(3,146,159)

(1,258,985)

‌LAFARGEHOLCIM BANGLADESH PLC.

Statement of financial position (Un-audited)

at 30 September 2025

30 Sep 2025

31 Dec 2024

NOTES

Taka'000

Taka'000

Assets

Non-current assets

Property, plant and equipment

14,953,781

14,725,775

Intangible assets

325,518

327,450

Investment in subsidiaries

519,893

519,893

Employee benefits - Funded Plan assets

213,740

217,464

Total non-current assets

16,012,932

15,790,582

Current assets

Inventories

3,378,321

3,786,536

Trade receivables

827,083

503,207

Other current assets

3,960,838

3,607,547

Advance income tax

323,626

180,921

Cash and cash equivalents

4,591,248

8,117,607

Total current assets

13,081,116

16,195,818

Total assets

29,094,048

31,986,400

Equity & liabilities

Equity

Share capital

11,613,735

11,613,735

Retained earnings

2,215,156

2,242,288

Other component of equity

27,805

14,093

Total equity

13,856,696

13,870,116

Non-current liabilities

Lease liabilities

78,290

102,137

Deferred tax liabilities

1,427,221

1,530,742

Employee benefits - Unfunded Plan obligations

135,093

122,217

Total non-current liabilities

1,640,604

1,755,096

Current liabilities

Trade payables

12,431,337

14,916,249

Other current liabilities

1,099,535

992,201

Lease liabilities

28,351

28,351

Short-term borrowings

6

-

232,579

Unclaimed dividend

37,525

191,808

Total current liabilities

13,596,748

16,361,188

Total equity and liabilities

29,094,048

31,986,400

Net Asset Value (NAV) Per Share

10

11.93

11.94

The accompanying Notes 1 to 13 form an integral part of these interim financial statements.

Company Secretary

Chief Financial Officer

Director

Director

Chief Executive Officer

NOTES

Jan-Sep 2025

Taka '000

Jan-Sep 2024

Taka '000

Jul-Sep 2025

Taka '000

Jul-Sep 2024

Taka '000

Revenue

7

21,661,381

20,691,716

6,680,278

6,273,020

Cost of sales

(17,111,261)

(15,672,698)

(5,245,215)

(4,939,879)

Gross profit

4,550,120

5,019,018

1,435,063

1,333,141

General and administrative expenses

(1,303,790)

(1,277,433)

(417,909)

(400,863)

Sales and marketing expenses

(576,014)

(424,478)

(165,428)

(132,884)

Other operating income/(expenses)

35,962

24,317

9,841

(4,495)

Operating profit

2,706,278

3,341,424

861,567

794,899

Finance cost

(112,541)

(543,419)

1,442

(120,438)

Finance income

164,059

127,532

59,787

34,059

Profit before tax

2,757,796

2,925,537

922,796

708,520

Income tax

(578,318)

(631,744)

(171,586)

(199,627)

Profit for the period

2,179,478

2,293,793

751,210

508,893

Earnings Per Share

Basic (Taka)

1.88

1.98

0.65

0.44

Diluted (Taka)

1.88

1.98

0.65

0.44

The accompanying Notes 1 to 13 form an integral part of these interim financial statements.

Company Secretary

Chief Financial Officer

Director

Director

Chief Executive Officer

LAFARGEHOLCIM BANGLADESH PLC.

Statement of Comprehensive Income (Un-audited)

for the period ended 30 September 2025

Jan-Sep 2025

Jan-Sep 2024

Jul-Sep 2025

Jul-Sep 2024

Taka '000

Taka '000

Taka '000

Taka '000

Profit for the period

2,179,478

2,293,793

751,210

508,893

Items that may be reclassified subsequently to profit or loss

Cash flow hedge instruments

17,140

11,367

-

(17,679)

Income tax on items that may be reclassified to profit or loss

(3,428)

-

-

-

Other comprehensive loss for the period

13,712

11,367

-

(17,679)

Total comprehensive income for the period

2,193,190

2,305,160

751,210

491,214

Company Secretary

Chief Financial Officer

Director

Director

Chief Executive Officer

LAFARGEHOLCIM BANGLADESH PLC.

Statement of Changes in Equity (Un-audited)

for the period ended 30 September 2025

(All figures are in Tk. '000)

Other

Share

Retained

component

Total

capital

earnings

of equity

equity

Balance at 1 January 2024

11,613,735

6,533,418

(171,175)

17,975,978

Total comprehensive income for the period

-

2,293,793

11,367

2,305,160

Dividend for 2023

-

(5,806,868)

-

(5,806,868)

Balance at 30 September 2024

11,613,735

3,020,343

(159,808)

14,474,270

Balance at 1 January 2025

11,613,735

2,242,288

14,093

13,870,116

Total comprehensive income for the period

-

2,179,478

13,712

2,193,190

Dividend for 2024

-

(2,206,610)

-

(2,206,610)

Balance at 30 September 2025

11,613,735

2,215,156

27,805

13,856,696

Company Secretary

Chief Financial Officer

Director

Director

Chief Executive Officer

LAFARGEHOLCIM BANGLADESH PLC.

Statement of Cash Flows (Un-audited)

for the period ended 30 September 2025

Jan-Sep 2025

Jan-Sep 2024

Notes

Taka'000

Taka'000

Cash flows from operating activities

Cash receipts from customers

20,105,954

19,897,697

Cash paid to suppliers and employees

(19,155,001)

(17,591,340)

Cash generated from operations

950,953

2,306,357

Income tax paid

(827,971)

(1,267,119)

Other receipts

34,260

22,427

Net cash generated by operating activities

157,242

1,061,665

Cash flows from investing activities

Payments for property, plant and equipment

(1,236,543)

(465,286)

Proceeds from sale of property, plant and equipment

1,702

24,392

Interest income on bank deposits

131,382

129,490

Net cash used/generated by investing activities

(1,103,459)

(311,404)

Cash flows from financing activities

Repayments of the lease liabilities

(23,847)

(19,724)

Proceeds from / (repayment of) short term borrowings

(232,579)

644,157

Payment of interest and other finance cost

(10,328)

(428,971)

Interest paid on lease liability

(8,487)

(4,883)

Proceeds from Margin accounts with banks

55,147

753,844

Dividend payment

(2,360,893)

(5,793,793)

Net cash used in financing activities

(2,580,987)

(4,849,370)

Net effect of foreign currency translation on cash and cash equivalent

845

-

Net increase/(decrease) in cash and cash equivalents

(3,526,359)

(4,099,109)

Cash and cash equivalents at beginning of the period

8,117,607

9,011,682

Cash and cash equivalents at end of the period

4,591,248

4,912,573

Net Operating Cash Flow Per Share (NOCFPS)

0.14

0.91

Company Secretary

Chief Financial Officer

Director Director

Chief Executive Officer

LAFARGEHOLCIM BANGLADESH PLC.

Notes to the Condensed Financial Statements (Un-audited)

for the period ended 30 September 2025

1

General information

LafargeHolcim Bangladesh PLC. - (hereinafter referred to as "the Company") was incorporated on 11 November 1997 as a private limited company in Bangladesh under the Companies Act, 1994 having its registered office in Dhaka. At the time of incorporation the name of the Company was "Lafarge Surma Cement Limited". On 07 February 2017 the Registrar of Joint Stock Companies and Firms of Bangladesh (RJSC) approved the name change to "LafargeHolcim Bangladesh Limited" of the Company. On 18 August 2024 the Registrar of Joint Stock Companies and Firms of Bangladesh (RJSC) further approved the name change to "LafargeHolcim Bangladesh PLC." of the Company. The Company has subsequently been converted into a public limited company on 20 January 2003 and went for Initial Public Offering of shares in November 2003 which was fully subscribed and issued. The shares have since been listed and are being traded in Dhaka and Chittagong Stock Exchanges.

2

Nature of business

The Company operates cement and aggregates manufacturing plants at Chhatak under Sunamganj district, and three (3) grinding plants near Dhaka and Khulna. The Company extracts and processes the basic raw materials of limestone from the quarry in Meghalaya, India, owned by the Company's fully owned subsidiary Lafarge Umiam Mining Private Limited. A 17 kilometres cross-border conveyor belt links the quarry with the cement plant for transportation of raw materials.

The company is engaged in manufacturing and marketing of building materials in the local market and international market.

3

Basis of preparation

The interim financial statements have been prepared in accordance with International Accounting Standard 34

Interim Financial Reporting.

4

Significant accounting policies

The same accounting policies, presentation and methods of computation have been followed in these interim financial statements as were applied in the preparation of the Company's financial statements for the year ended 31 December 2024.

Comparative figures and account titles in the financial statements have been rearranged/reclassified where necessary to conform with changes in presentation in the current period.

5

Gas sales agreement with JGTDS

The amount of other current assets includes an advance of Taka 2,969,755 (in thousands) paid to Jalalabad Gas Transmission and Distribution Systems Limited (JGTDS).

The Company had an Arbitration with JGTDS. On 15 September 2023, the Arbitration Tribunal issued the Final Award in favor of the Company. As per the Award, the Ceiling Price is a valid and enforceable provision of the Gas Sales Agreement (GSA). In March 2024, JGTDS filed an Application before the Honorable High Court Division of the Supreme Court of Bangladesh for supply of gas at a rate fixed by the Bangladesh Energy Regulatory Commission (BERC) from September 2015 onwards. On August 3, 2025 the High Court Division passed a verbal order in favor of the Company stating the application filed by JGTDS is "not maintainable". However, the Honorable Court is yet to issue the written judgment.

6

Short-term borrowings

30 Sep 2025

31 Dec 2024

Taka'000

Taka'000

Short-term borrowings under different facilties with banks

-

232,579

Jan-Sep 2025

Jan-Sep 2024

Taka'000

Taka'000

7

Revenue

Sale of gray cement

16,931,765

16,674,453

Sale of cement clinker

17,246

38,381

Sale of aggregates

4,712,370

3,978,882

21,661,381

20,691,716

8

Finance costs

Finance costs decreased due to reduced exchange loss during the period.

9

A. Income tax

Current income tax expenses

685,266

732,362

Deferred income tax income

(106,948)

(100,618)

578,318

631,744

B. Reconciliation of effective tax rate (%)

Average statutory tax rate

20.00

20.00

Permanent differences

4.85

5.03

Deferred tax

(3.88)

(3.44)

Effect of change in tax rate

-

-

Effective tax rate

20.97

21.59

10

A. Earnings Per Share

The computation of basic earnings per share for the periods ended 2025 and 2024 are as follows:

Numerator

(Thousand Taka)

Profit for the period

2,179,478

2,293,793

Denominator

(Thousands of Shares)

Weighted average number of shares outstanding

1,161,374

1,161,374

Basic Earnings Per Share

Taka

1.88

1.98

Diluted Earnings Per Share

Taka

1.88

1.98

B. Net operating cash flow per share (NOCFPS)

The computation of net operating cash flow per share for the periods ended 2025 and 2024 are as follows:

Numerator

(Thousand Taka)

Net operating cash flow for the period

157,242

1,061,665

Denominator

(Thousands of Shares)

Weighted average number of shares outstanding

1,161,374

1,161,374

Net operating cash flow per share

Taka

0.14

0.91

30 Sep 2025

31 Dec 2024

C. Net asset value (NAV) per share

The computation of net asset value per share for the periods ended 2025 and 2024 are as follows:

Numerator

(Thousand Taka)

Net asset value for the period/year

13,856,696

13,870,116

Denominator

(Thousand Shares)

Weighted average number of shares outstanding

1,161,374

1,161,374

Net asset value per share

Taka

11.93

11.94

11

Related party transactions

Except for the regular transactions, there were no significant related party transactions during the period.

30 Sep 2025

31 Dec 2024

12

Comparative information for the shareholders

Taka

Taka

Net asset value (NAV) per share

11.93

11.94

Jan-Sep 2025

Jan-Sep 2024

Taka

Taka

Earning Per Share (EPS)

1.88

1.98

Net Operating Cash Flow Per Share (NOCFPS)

0.14

0.91

Profit for the period

2,179,478,000

2,293,793,000

For the period January to September 2025, EPS decreased compared to the previous period, mainly due to increased operating expenses. NOCFPS eroded compared to the same period of last year, due to the payments against against local and imported purchases.

13

Reconciliation of consolidated Net Profit with cash flows from operating activities

Jan-Sep 2025

Jan-Sep 2024

Taka'000

Taka'000

Net profit for the period

2,179,478

2,293,793

Income tax expenses

578,318

631,744

Net profit before tax

2,757,796

2,925,537

Depreciation and amortization

877,748

788,663

Other non-cash items

31,364

42,437

Non-operating items

(51,518)

415,887

Income tax paid

(827,971)

(1,267,119)

Changes in net working capital

(2,630,177)

(1,843,740)

Cash flows from operating activities

157,242

1,061,665

Company Secretary

Chief Financial Officer

Director

Director

Chief Executive Officer