Financial Results for the Quarter ended 31 March 2026

Note

2026

2025

Revenue from contracts with customers - net

13

20,859,834

21,505,196

Cost of sales

14

(17,931,991)

(20,172,962)

Gross profit

2,927,843

1,332,234

Distribution and selling expenses

(48,289)

(48,172)

Administrative and general expenses

(223,463)

(201,470)

Other expenses

15

(182,628)

(81,209)

Operating profit

2,473,463

1,001,383

Other income

16

105,843

208,767

Finance costs

17

(168,082)

(124,250)

Profit before taxation and levies

2,411,224

1,085,900

Levies

18

(8)

(181)

Profit before taxation

2,411,216

1,085,719

Taxation

19

(936,846)

(423,818)

Profit after taxation

1,474,370

661,901

LOTTE CHEMICAL PAKISTAN LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

Annexure - (b

AS AT 31 MARCH 2026

Amounts in Rs '000

31 March

31 December

2026

2025

Note

(Un-audited)

(Audited)

Assets

Non-current assets

Property, plant and equipment

4

5,664,789

5,758,938

Intangible assets

1,916

2,246

Right-of-use assets

33,272

66,545

Long-term loans

289,004

254,041

Long-term deposits and prepayments

98,465

31,258

Deferred taxation - net

3,026,578

2,955,422

9,114,024

9,068,450

Current assets

Stores and spare parts

2,819,273

2,426,109

Stock-in-trade

7,495,009

9,091,174

Trade debts

5

4,759,886

6,406,906

Loans and advances

95,239

76,279

Trade deposits and short-term prepayments

298,276

94,011

Accrued interest

11,856

54,686

Other receivables

4,500

4,500

Short-term investments - at amortised cost

6

1,431,879

1,414,499

Sales tax refunds due from government

7

4,980,533

5,228,719

Taxation - net

6,082,934

7,108,886

Cash and bank balances

8

443,471

6,828,351

28,422,856

38,734,120

Total assets

37,536,880

47,802,570

Equity and liabilities

Share capital and reserves

Issued, subscribed and paid-up capital

1,514,207,208 (31 December 2025: 1,514,207,208) ordinary shares

of Rs 10 each

15,142,072

15,142,072

Capital reserve

2,345

2,345

Revenue reserve - Unappropriated profit

2,291,030

8,387,696

Total equity

17,435,447

23,532,113

Liabilities

Non-current liabilities

Retirement benefit obligations

209,435

204,495

Long-term borrowing

9

3,833,528

-

4,042,963

204,495

Current liabilities

Trade and other payables

10

14,030,023

22,452,450

Long-term borrowing - current portion

9

1,277,842

-

Lease liability

160,084

316,531

Short-term financing

-

800,000

Accrued interest

11

497,388

427,555

Unclaimed dividend

93,133

69,426

16,058,470

24,065,962

Total liabilities

20,101,433

24,270,457

Contingencies and commitments

12

Total equity and liabilities

37,536,880

47,802,570

Note

2026

2025

Cash flows from operating activities

Cash used in operations

20

(2,707,956)

(2,873,840)

Finance costs paid - conventional

(38,246)

(22,352)

Payments to retirement benefit obligations

(1,006)

(1,271)

Long-term loans

(34,963)

(12,616)

Long-term deposits and prepayments - net

(67,207)

294

Taxes and levies received / (paid)

17,942

(484,469)

Finance income received - conventional

146,516

265,844

Net cash used in operating activities

(2,684,920)

(3,128,410)

Cash flows from investing activities

Payments for capital expenditure

(279,310)

(102,626)

Net cash used in investing activities

(279,310)

(102,626)

Cash flows from financing activities

Dividend paid

(7,547,329)

(3,370)

Proceeds from long-term borrowing

5,111,370

-

Repayment of short-term financing

(800,000)

-

Payments for the interest portion of the lease liability

(13,123)

(40,462)

Payments for the principal portion of the lease liability

(154,188)

(126,321)

Net cash used in financing activities

(3,403,270)

(170,153)

Net decrease in cash and cash equivalents

(6,367,500)

(3,401,189)

Cash and cash equivalents at 1 January

8,242,850

9,247,546

Cash and cash equivalents at 31 March

8.2

1,875,350

5,846,357