LPL/PSX/ iqy
The General Manager Pakistan Stock Exchange Ltd Stock Exchange Building
Stock Exchange Road, Karachi.
Sub: Financial Results for the 3r' Quarter ended September 30, 2025Dear Sir,
October 24, 2025
PIJCARS / TCS
We have to inform you that the Board of Directors of kalpir Power Limited in their meeting held on Friday the 24* of October 2025, at 12:00 p.m. at I-B, Aziz Avenue, Canal Bank, Gulberg V, Lahore, recommended the following: -
- Cash Dividend
- Bonus Shares
- Right Shares
And Other Entitlement
- Any Other Price-Sensitive Information
Following Audited Financial Statements of the Company for the 3'dQuarter ended September 30, 2025, are attached as "Annexure":
Statement of Financial Position; Statement of Profit or Loss; Statement of Changes in Equity; and
Statement of Cash Flows
The Quarterly Financial Statements for the 3'dQuarter ended September 30, 2025 (3"' Quarterly Report) of the Company shall be transmitted through PUCARS within the specified time.
Thanking you, Yours truly,
KHALID MAH OO
COMPANY SECRE A
Coyy to: -
The Director / HOD,
Surveillance, Supervision and Enforcement Department, Securities & Exchange Commission of Pakistan,
NIC Building, 63 Jinnah Avenue, Dlue Area, ISLAMABAD.
Fax No. (051) 9100440/TCS
HERO 0FFI8£ REGISTERED OFF-ICE POWER SFdy/OSS
' 1-B, AZIZ AVENUE, CAKAL BANK, GULBERG V, LAHORE. TEL: *92-42-35717090-96,35717159-63,FAX: +92-42•35717239, WEBSITE: https://www.IaIpir.com, E-lgAIL: IaIpir@Ialpir.com
: NISHAT HOUSE, 53/A, LAWRENCE ROAD, LAHORE. TEL: 111-113•333 FAX: +92•42-36367414
: LALPIR THERMAL POWER STATIONS, P.O. BOX NO. 89, MUZAFFARGARH. PC-3d200, PAKISTAN. TEL: *92-66-2300030 FAX: +92-66•2300260, https://www.IaIpir.com
LALPIR POWER LI5tITE0
C0BDE8SED I?ITERIB STATE IEFIT OF FIftAgCIAL POSITION (UfJ-AUDITED) AS AT 30 SEPTEBBER 2025
EoUrrY AND LiuiuTiES
SHARE CAPITAL AND RESERVES
Authorized share capital
500,000,000(31 December 2024:500,000,000)
Un•audited Audited30 September 31 Oecember
Note 2025 2024
(Rupees in 6iousand)
ASSETS BOB4URA£RFAS$ETS
FixedasseG
9-! ! to employeesUn•audited Audited 30 September 31.December
Nota 2025 2024
(Rupees In thousand)
5 2,195,334. ! 2,972,2351,603 14,615
odinary shares of Rupees 10 ed
Long Tern secuoty dqx›sit350 , 1,850
2,197,287 2.988,700Issued, subsaibed and paid-up share capital 379,838,732 (3t Oececber 2024: 379,838,732)
ordinary sham of Rupee 10 each Capital reserve
Revenue reserve - gn appropriated profit Total equity
3,798,387 3,7%,387
7,004
1.0.203,605 10.926,184
14,001,992 14,831,575
CURRENT ASSETS1 ) LIABILITIES
NON • CURRENT LIABILITIESEmployee benefit - gratuity CURRENT LIABILITIES
Trade and older payalXes Accrued mark-up /profit Undaimed dividend
TOtdl |t8§ilitt96
CONTINGENCIES AND COMMITS ENTS
TOTS Eouny no uAeiLlTlES
25,832 18,823
S O0 248,18+
14,3d3,492 15,07g,gss
Stores, spare parts and other consumables Fuel stock
Loans, advances and short-tern prepayment Other receivable
Acaved interest
Advance income tax and levy - net Short tern investment
Cash and bank balances
TOTAL ASSETS
5g7,6% | 667,278 |
13,G37 | 36,817 |
'185,404 | 828,800 |
754 | 2,513 |
34.IN | 254,897 |
t1,3S8,0g5 | ' 9,M7,720 |
27,f'J | 686,673 |
'
t2.146,2@ i2,091,256
The annexed notes Jam an int0gral part of thesa ordensed interim financial sldements.
CHIEF EXECUTIVE
LALPIR POWER LIMITED
CONDEN6ED IIJTERIM STATE iENT OF PROFIT OR L0S9 ABD OTHER CO IPREHENSIVE INCOME (UN•AUDITED) FOR THE THREE BONTH ABD NINE MONTH PERIOD ENDED 30 SEPTEMBER 2025
Bine Bonth Ended Quarter End4d 30 September 30 September 30 September 30 September
hlote 2#25 2024 2025 2024
(Rupees in thousand) (Rupees in tRousand)
REVENUEFROMGONTRAGTWITHGUSTOMER
16,305,866
2,843,069
GROSS PROFIT PLANT MAINTENANCE AND PRESERVATION COST | 7 | (1,372,280) | 5,948,279 | (285,555) | 1,983,920 |
AD/dlNlSTRATlVE EXPENSES | (98,042) | (204,919) | (28,510) | (85,241) | |
OTHEREXPENSES | (27,806) | (4,827) | (25,945) | (2,053) | |
OTHER INCOME | 894,225 | 17,770 | 270,040 6,933 | ||
(LOSS) I PROFIT FROf‹ OPERATIONS | (603,903) | 5,756,303 | (69,970) | 1,903,559 | |
FACE COST | (220) (1,021,387) (78) | (219,955) | |||
(LOSS)/ PROFIT BEFORE LEW ANO TAXATION | (6@,123) | 4,734,916 | (70,048) | 1,683,604 | |
LEW | (57,783) | (26;085) | |||
(LOSS) I PROFIT BEFORE TAXATION | (661,906) | 4,734,916 | (96,T33) | 1,683,6@ | |
COST OF SALES
6 (10,357,587) @59J49)
TAXATION
(LOSS) /PROFIT AFTER TAXATlOff OTHER COMPREHENSIVE INCOME:
ITEMS THAT WILL NOT BE RECLASSIFIED TO PROFIT OR
LOSS
ITEMSTHAT MAY BE RECLASSIFIED SUBSEQUENTLY TO PROFIT OR LOSS
T "AL COMPREHENSIVE (LOSS) / INCOME FOR THE PERIOD
(167,677) (38.829)
(829,583) 4,734,916 {134,762) 1,683,604
(829,583) 4,734,916 (134,762) 1.683,6@
(LOSS) /EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES)
- -- --
(2.18)
12.47 (0.35)
4.43
DIRECTOR
CIAL
R
F-arLAâpIRp
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE
LALPIR POWER LIMITED
COIJDENGED IBTERIU STATEMENT OF CHANGES IN EQUITY (Ub•AUDlTED) FOR TI4E NINE MONTH PERIOD ENOED 30 SEPTEMBER 2025
'
Capita
TOTAL EQUITY
Un• appropriated profit
Retained payments reserve
Revenue
RESERVES
SHARE CAPITAL
(••••• •Rupees in thousand •• -• -•• - •• -• - - )
Balance as at 31 December 2023 - audited Transaction with owners: | 3,798,387 | 107,004 | 11,934,073 | 15,839,464 | ||
First interim dividend for the year ended 31 December 2024 @ | ||||||
Rupees 2 per share | (759,678) | (T59,678) | ||||
Second interim dividend for the year ended 31 December 2024 @Rupees 2 per share | (759,678) | !759678) | ||||
(1,519,36 | (151936) | |||||
Profit for the period ended 30 September 2024 | 3 9 6 | 4,734,916 | ||||
Other comprehensive income for Ihe period ended 30 | ||||||
September 2024 | ||||||
Total comprehensive income for the period ended 30 September 2024 | 4,734,916 | 4,734,916 | ||||
Balance as at 30 Se;›tember 2824 - un-audited | 3,798,387 | 107,004 | 15,149,633 | 19,055,024 | ||
Balance as at 31 December 2024 - audited | 3,798,387 | 107,004 | 10,926,184 | 14,831,575 | ||
Transfer of'retained payments reserve' to 'un-appropriated profif | (J07,0@) | 107,004 | ||||
Loss for Ihe period ended 30 September 2025 | (829,583) | (829,583) | ||||
Oher comprehensive income for the period ended 30 | ||||||
September 2025 | ||||||
Total comprehensive loss for the period ended 30 September 2025 | (829,583) | (829,583) | ||||
Balance as at 30 S°pt°mber 2025 • un•audited | 3,798,387 | - | 10,203,605 | 14,001,992 | ||
DIRECTOR
CH|Ef |NA lA OFr|
+rLALRIR
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE
LALPIR POWER LlI2ITED
CONDENSED INTERIN STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE NINE MONTH PERIOD ENDEO 30 SEPTEMBER 2025
Nine Month Ended
Note | 30 September 2025 | 30 September 2024 | |||
CASH FLOWS FRO I OPERATING ACTIVITIES | (Rupeos In thousand) | ||||
Cash generated from operations | 8 | 1,525,650 | 1,837,089 | ||
Finance cost paid | (39,265) | (1,055,502) | |||
Net decrease in long tern security deposits | 1,500 | ||||
Net decrease /(increase) in long lerm loans to employees | 13,012 | (30,830) | |||
Income tax paid | (4,722) | /2,331) | |||
Net cash generated from operating activities | 1,496,175 | 748,426 | |||
CASH FLOWS FROM INVES7IIIG ACTIVITIES | |||||
Capital expenditure on fixed assets | (30,746) | ||||
Interest income received | 5,666 | 9,343 | |||
"" | Proceeds from disposal of short term investment | 849,995 | |||
Proceeds from disposal of operating fixed assets | 10,.178 | 2.014 | |||
Net cash generated from investing activities | 15,844 | 830,606 | |||
CASH FLOI/S FROM FlNANCI 'G ACTNITIES | |||||
Dividend paid | 1,518,137' | ||||
Net cash used in flnancing activities | 606| | (1,51g,137) | |||
Net decrease in cash and cash equivalents | 1,511,413 | 60,895 | |||
Cagh and cash equivalents ai beginzting of the period | 9774,393 | {4847,550 | |||
Cash and cash equivalents at end of the period | 11,285,806 | (4,786,655) | |||
CASB# DCASHEQUWALBNTS | |||||
Cash in hand | 933 | 754 | |||
Cash atbanks | 26,778 | 26,745 | |||
Short term investment | 11,258,095 | ||||
Short-term bonowings | (4,814,154) | ||||
11,285,8@ | 4 78 6 5) | ||||
DIRECTO
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE
CHIE FlfiA VIAL OFFICER