Transmission of Quarterly Financial Statements for the Period Ended 2025-06-30

REPORT FOR THE SIX MONTHS PERIOD ENDED 30 JUNE 2025

Contents

Company Information 03

Directors' Review 04

Independent Auditors' Review Report 06

Condensed Interim Statement of Financial Position 07

Condensed Interim Statement of Profit or Loss 08

Condensed Interim Statement of Comprehensive Income 09

Condensed Interim Statement of Changes in Equity 10

Condensed Interim Statement of Cash Flows 11

Notes to the Condensed Interim Financial Statements 12

02

Company Information

As at 21 August 2025

Board of Directors

Jo Hyun Kwoun Chairman

Young Dae Kim Chief Executive

Seong Jun Park Non-Executive

Jae Sun Park Non-Executive

Cheolsoo Kim Non-Executive

Shabbir Diwan Non-Executive

Rashid Ibrahim Independent

Khurram Rashid Independent

Audit Committee

Rashid Ibrahim Chairman

Seong Jun Park Member

Khurram Rashid Member

Faisal Abid Secretary

HR & Remuneration Committee

Rashid Ibrahim Chairman

Jo Hyun Kwoun Member

Young Dae Kim Member

Waheed U Khan Secretary

Shares Sub Committee

Young Dae Kim Chairman

Cheolsoo Kim Member

Khurram Rashid Member

Executive Management Team

Young Dae Kim Chief Executive

Tariq Nazir Virk Director Manufacturing

Waheed U Khan Director Admin, HR & IT

Ashiq Ali Chief Financial Officer Muhammed Talha Khan General Manager Commercial

Chief Financial Officer

Ashiq Ali

Company Secretary

Faisal Abid

Bankers

Allied Bank Limited Askari Bank Limited Bank Alfalah Limited Citibank NA Deutsche Bank AG Faysal Bank Limited Habib Bank Limited

Habib Metropolitan Bank Ltd

Industrial and Commercial Bank of China MCB Bank Limited

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

Standard Chartered Bank (Pakistan) Limited United Bank Limited

Internal Auditors

KPMG Taseer Hadi & Co., Chartered Accountants

External Auditors

A.F. Ferguson & Co., Chartered Accountants

Legal Advisor

Naz Toosy

148, 18th East Street, Phase 1, DHA, Karachi

Registered Office

EZ/I/P-4, Eastern Industrial Zone, Port Qasim, Karachi

Shares Registrar

FAMCO Share Registration Services (Pvt) LTD. 8-F, Near Hotel Faran, Nursery,

Block 6, P.E.C.H.S.,

Shahrah-e-Faisal, Karachi

Report for the six months period ended 30 June 2025 03

Directors' Review

For the second quarter ended 30 June 2025

The Directors are pleased to present their review report for the second quarter ended 30 June 2025 together with the unaudited condensed interim financial information of the Company as at and for the second quarter ended 30 June 2025.

BUSINESS OVERVIEW

Crude Oil (WTI) prices faced sustained pressure and continued to decline through the first half of Q2 2025, resulting from the fundamentally over supplied market dynamics. Market sentiment remained weak as OPEC+ confirmed plans to phase out production cuts while new U.S. tariffs dampened global demand outlook, pushing crude prices below the US$ 60 per barrel mark in daily trade, levels last observed in April 2021. However, sentiment shifted in the latter part of the quarter, heightened geopolitical tensions in the Middle East and Europe, concerns over potential disruptions at the Strait of Hormuz resulted in higher risk premiums eventually pushing prices higher. As per the Energy Information Agency (EIA), keeping in view the seasonal demand, US crude inventories drew by approximately 21 million barrels over the quarter, tightening domestic balance which also supported the recovery in prices. The average price for the quarter was US$

63.83 per barrel, a decrease of 10.3% as compared to the previous quarter.

Paraxylene (PX) prices at the start of the quarter tracked the movements of the upstream energy markets mainly due to the uncertainty weighing on global demand as a result of tariff reciprocity by the US Administration. This resulted in significantly lower PX-Naphtha spreads which were below break-even levels. However, PX producers were able to recoup their losses on the back of planned and unplanned shutdowns as well as product being diverted to the Gasoline pool to service the summer driving season demand which resulted in tightening supply fundamentals. PX prices continued to trend upwards as the market found strength on the back of sustained seasonal demand from the downstream PTA sector which prompted premiums in the Spot PX market. The average price of PX was US$ 805.79 per metric tonne for the quarter while the PX-Naphtha spread averaged at US$ 229 per metric tonne for the quarter.

PTA prices commenced Q2 2025 on a weaker note, tracking the downward movement in upstream crude and PX markets. The fundamentally oversupplied market resulted in an average operating rate of 65% in China while the market was plagued by cash flow constraints and elevated inventories which kept price movement restrained. As the quarter progressed, rationalized operations and improved off-take from the downstream Textile and PET sector resulting from the peak season demand contributed to inventory drawdowns. The absence of new PTA capacity additions allowed PTA prices to strengthen eventually resulted in improved PX-PTA Margins which averaged at US$ 84 per metric tonne as compared to US$ 75 per metric tonne in the previous quarter The average price of PTA witnessed a decline of 4% as compared to the previous quarter averaging at US$ 615.66 per metric tonne.

The domestic polyester industry operated at an average utilization rate of 56% during Q2 2025, marking a notable decline from the previous quarter. The slowdown was largely attributed to uncertainty surrounding the Finance Bill 2025, released in June, which prompted a more cautious operational stance across the sector. Further compounding the situation were upcountry logistical disruptions due to civil unrest, which severely affected trade and forced several producers to scale back operations and manage inventories more conservatively. Additionally, actual end-use demand remained subdued compared to previous years, driven by a higher cost of doing business and continued ingress of lower-priced imports.

OPERATIONS

Sales volume, comprising of domestic sales only, for Q2 2025 at 89,517 tonnes was 30% lower than the corresponding quarter last year due to lower downstream demand as well as increased consumption of cheaper imports.

04

Directors' Review

For the second quarter ended 30 June 2025

Production volume during the quarter at 90,626 tonnes was 28% lower than the corresponding period last year to match Sales.

The Company suspended its Plant operations from 28 March 2025 to 17 April 2025 in order to efficiently manage inventories.

FINANCIAL PERFORMANCE

Revenue for the quarter was 42% lower than the corresponding period last year mainly due to lower volume sold. This, together with higher cost of sales mainly on account of increase in energy cost resulted in a lower gross profit of Rs 445 million for the quarter as compared to gross profit of Rs 2,300 million during the same period last year.

Distribution and selling expenses were 14% higher while Administrative and general expenses were 15% higher than the corresponding period last year due to overall impact of high inflation. The taxation charge for the quarter is based on statutory income tax rate and super tax as adjusted by the movement in the deferred tax account.

Earnings per share (EPS) for the quarter stood at Rs 0.05 per share as compared to Rs 0.84 per share for Q2 2024.

FUTURE OUTLOOK

Crude Oil (WTI) prices are expected to remain volatile in the near term, driven by heightened geopolitical tensions in the Middle East that may disrupt key shipping routes, as well as the ongoing conflict in Eastern Europe, which poses upside risks due to potential supply disruptions. On the other hand, increased global supply from the rollback of OPEC+ production cuts, combined with persistent economic uncertainty-reflected in weak manufacturing data from major economies and concerns over Chinese growth-could weigh on demand and limit any potential price rally.

Paraxylene (PX) prices are expected to track upstream energy markets, although near-term support from regional supply tightness due to ongoing turnarounds may support PX prices. However, the end of the summer gasoline season is likely to reduce blending demand for PX. Additionally, higher U.S. tariffs and macroeconomic uncertainty may weigh on sentiment and limit price upside. In the downstream PTA sector, demand is expected to decline with the end of the summer season, while operating rates may continue to be rationalized to accommodate the expected new capacity of 8.7 million tonnes in H2 2025.

The Domestic Polyester Industry operations are expected to remain slow as seasonal demand from both the textile and PET segments is expected to subside. While producers remain cautious amid elevated energy costs, the introduction of regulatory requirements imposed under Finance Bill 2025 may further discourage manufacturing activity. Nevertheless, the government is actively pursuing regulatory reforms and strengthening enforcement mechanisms aimed at stimulating domestic industrial output.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Date: 21 August 2025 Karachi

Report for the six months period ended 30 June 2025 05

A

F FERGUSON&Co

INDEPENDENT AUDITOR'S REVIEW REPORT

TO THE MEMBERS OF LOTTE CHEMICAL PAKISTAN LIMITED

Report on Review of Interim Financial Statements

Introduction

We have reviewed the accompanying condensed interim statement of financial position of Lotte Chemical Pakistan Limited as at June 30, 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 financial statements for the six months period then ended (here-in-after referred to as the "interim financial statements"). Management is responsible for the preparation and presentation of these 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 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 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 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 six months, presented in the 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 quarter ended June 30, 2025 and June 30, 2024 have not been reviewed by us.

The engagement partner on the audit resulting in this independent auditor's report is Farrukh Rehman.

Date: 28 August 2025 Karachi

UDIN: RR202510059QtOSyk3Ai

A.F. Ferguson & Co.

Chartered Accountants

A. F. FERGUSON & CO., Chartered Accountants, a member firm of the PwC network State Life Building No. 1-C, I.I. Chundrigar Road, P.O. Box 4716, Karachi-74000, Pakistan

Tel: +92 (21) 32426682-6/32426711-5, Fax: +92 (21) 32415007/32427938/32424740; <https://www.pwc.com/pk>

KARACHI LAHORE ISLAMABAD

Condensed Interim Statement of Financial Position

As at 30 June 2025

1,514,207,208 (31 December 2024: 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 8,010,977 7,269,198

Total equity 23,155,394 22,413,615 Liabilities Non-current liabilities Retirement benefit obligations Lease liability Current liabilities

Trade and other payables 9

Lease liability

Accrued interest 10

Unclaimed dividend

Total liabilities 18,884,861 19,627,327 Contingencies and commitments 11

Ashiq Ali

Total equity and liabilities 42,040,255 42,040,942 The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Chief Financial Officer

Report for the six months period ended 30 June 2025 07

Condensed Interim Statement of Profit or Loss (Un-audited)

For the six months period ended 30 June 2025

Amounts in Rs '000

Six months period ended Quarter ended 30 June (Un-audited) 30 June (Un-audited) --------------------------- Amount in Rupees ---------------------- Earnings per share - basic and diluted 0.49 1.43 0.05 0.84

The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Ashiq Ali

Chief Financial Officer

08

Condensed Interim Statement of Comprehensive Income (Un-audited)

For the six months period ended 30 June 2025

Amounts in Rs '000

Six months period ended Quarter ended 30 June (Un-audited) 30 June (Un-audited) 2025 2024 2025 2024 Profit after taxation 741,779 2,166,655 79,878 1,269,529 Other comprehensive income - - - - Total comprehensive income for the period 741,779 2,166,655 79,878 1,269,529

The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Ashiq Ali

Chief Financial Officer

Report for the six months period ended 30 June 2025 09

Condensed Interim Statement of Changes in Equity (Un-audited)

For the six months period ended 30 June 2025

Amounts in Rs '000

Share capital

Issued, subscribed and paid-up capital

Capital reserves

Reserves

Unappropriated profit

Subtotal

Total equity

Balance as at 1 January 2024 15,142,072 2,345 6,867,542 6,869,887 22,011,959

Total comprehensive income

for the six months period ended 30 June 2024

• Profit for the six months period ended 30 June 2024

• Other comprehensive income for the six months period ended 30 June 2024

  Final dividend for the year ended 31 December 2023

  @ Rs 1.00 per share

  Interim dividend for the year ending 31 December 2024

  @ Rs 0.50 per share

  Balance as at 30 June 2024 15,142,072 2,345 6,762,886 6,765,231 21,907,303 Balance as at 1 January 2025 15,142,072 2,345 7,269,198 7,271,543 22,413,615

  Total comprehensive income for the six months period ended 30 June 2025

  -	-	741,779	741,779	741,779
  -	-	-	-	-

• Profit for the six months period ended 30 June 2025

• Other comprehensive income for the six months period ended 30 June 2025

- - 741,779 741,779 741,779 Balance as at 30 June 2025 15,142,072 2,345 8,010,977 8,013,322 23,155,394

The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Ashiq Ali

Chief Financial Officer

10

Condensed Interim Statement of Cash Flows (Un-audited)

For the six months period ended 30 June 2025

Amounts in Rs '000

Six months period ended 30 June (Un-audited)

The annexed notes 1 to 22 form an integral part of these condensed interim financial statements.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Ashiq Ali

Chief Financial Officer

Report for the six months period ended 30 June 2025 11

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

For the six months period ended 30 June 2025

1. STATUS AND NATURE OF BUSINESS

   1. Lotte Chemical Pakistan Limited ("the Company") was incorporated in Pakistan on 30 May 1998 under Companies Ordinance, 1984 (Repealed with enactment of the Companies Act, 2017) and is listed on Pakistan Stock Exchange Limited. The principal activity of the Company is to manufacture and sale of Purified Terephthalic Acid (PTA).

   2. The geographical location and addresses of business units are as under:

      Location Address

      Registered Office EZ/I/P-4, Eastern Industrial Zone, Port Qasim, Karachi.

      City Office Al-Tijarah Centre, 14th Floor, 32/1-A, Main Shahrah-e-Faisal, Block 6, P.E.C.H.S., Karachi.

   3. The Company is a subsidiary of Lotte Chemical Corporation, South Korea and its ultimate parent company is South Korean Conglomerate Lotte.

   4. The Company suspended its plant operations from March 28, 2025 to April 17, 2025 for effective inventory management.

   5. Lotte Chemical Corporation, South Korea (""LCC Korea""), the majority shareholder of the Company has entered into Share Purchase Agreement dated 19 February 2025 with AsiaPak Investments Limited and Montage Oil DMCC for the sale of all of the Company's shares held by LCC Korea.

      On 17 February 2025, a Public Announcement of Intention (PAI) by AsiaPak Investments Limited and Montage Oil DMCC (the Acquirer) to acquire 1,135,860,105 ordinary shares (approximately 75.01%) of the Company was published in newspapers.

      On 07 July 2025, an addendum to PAI was posted on the PSX to reflect a change in the capital ownership structure of the Acquirer, where PTA Global Holding Limited replaced AsiaPak Investments Limited and Montage Oil DMCC as 'Acquirer' with Liberty Daharki Power Limited and Daewoo Pakistan Express Bus Service Limited acting in concert.

      In addition, pursuant to the Listed Companies (Substantial Acquisition of Voting Share and Takeovers) Regulations, 2017, PTA Global Holding has also made a public offer on 12 July 2025 to acquire 189,173,552 ordinary shares (12.49% of the total issued and outstanding shares) of your Company on certain terms and conditions.

      The completion of the transaction is subject to regulatory approvals, completion of legal requirements and satisfaction of other closing formalities.

2. BASIS OF PREPARATION
   1. Statement of compliance

      These condensed interim financial statements of the Company for the six months period ended 30 June 2025 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;

      • 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.

      1. These condensed interim financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the financial statements of the Company for the year ended 31 December 2024. However, selected explanatory notes are included to explain events and transactions that are significant to understanding of changes in Company's financial position and performance since the last annual financial statements.

         
         
         
         
         
         
         
         
         12

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

         For the six months period ended 30 June 2025

         Amounts in Rs '000

   2. Basis of measurement

      These condensed interim financial statements have been prepared under the historical cost convention (except for retirement benefit obligations and lease liability, which have been measured at present value).

   3. Functional and presentation currency

      The condensed interim financial statements are presented in Pak Rupee which is also the functional currency of the Company and rounded off to the nearest thousand, unless otherwise stated.

   4. Changes in accounting standards, interpretations and amendments to published accounting and reporting standards
      1. Standards and amendments to approved accounting and reporting standards that are effective

         There are certain amendments and interpretations to the accounting and reporting standards which are mandatory for the Company's annual accounting period which began on January 1, 2025. However, these do not have any significant impact on the Company's financial reporting.

      2. Standards and amendments to approved accounting and reporting standards that are not yet effective

         There are standards and certain other amendments to the accounting and reporting standards that will be mandatory for the Company's annual accounting periods beginning on or after January 1, 2026. However, these are considered either not to be relevant or to have any significant impact on the Company's financial statements and operations and, therefore, have not been disclosed in these condensed interim financial statements.

3. ACCOUNTING POLICIES, ESTIMATES, JUDGEMENTS AND FINANCIAL RISK MANAGEMENT

The accounting policies and the methods of computation adopted in the preparation of these condensed interim financial statements are the same as those applied in the preparation of the annual audited financial statements for the year ended 31 December 2024.

The preparation of these condensed interim financial statements, in conformity with accounting and reporting standards as applicable in Pakistan requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances. Actual results may differ from the estimates. During the preparation of these condensed interim financial statements, the significant judgements made by management in applying the Company's accounting policies and the key sources of estimation and assumptions are consistent with those that were applied to the annual audited financial statements of the Company for the year ended 31 December 2024.

The Company's financial risk management objectives and policies are consistent with those disclosed in the annual audited financial statements for the year ended 31 December 2024.

Balance as at opening 557,469 257,359

Capital expenditure 159,664 1,504,640

Transferred to operating property, plant and equipment (298,127) (1,204,530) Transferred to intangible assets - -

Balance as at closing 419,006 557,469

1. TRADE DEBTS

   1. All of the Company's trade debts are secured by letters of credit of 30 to 60 days issued by various banks. These balances are neither past due nor impaired and are considered good.

   2. This includes receivable from Gatron Industries Limited and Novatex Limited - related parties amounting to Rs 255.07 million (31 December 2024: Rs 658.14 million) and Rs 100.22 million (31 December 2024: Rs 251.33 million) respectively.

   3. The maximum aggregate amount due from the related party at the end of any month during the period was Rs 2,214.54 million (31 December 2024: Rs 6,535.50 million).

      30 June 31 December 2025 2024

      Note (Un-audited) (Audited)

2. SHORT-TERM INVESTMENTS - at amortised cost Conventional

   • Term deposit receipts 6.1 414,499 414,499

     Islamic

   • Term deposit receipts 6.1 2,500,000 -

   2,914,499 414,499

   1. These carry interest rate on term deposit receipt ranged from 7.0% to 11.25% (31 December 2024: 9.50%) per annum and had original maturities of less than three months.

30 June 30 June 2025 2024 (Un-audited) (Un-audited)

Cash and bank balances 3,111,702 219,876 TDRs with banks having maturity less than three months 2,914,499 3,614,499

6,026,201 3,834,375

1. TRADE AND OTHER PAYABLES 30 June 31 December 2025 2024 (Un-audited) (Audited)

   Trade creditors including bills payable 5,945,560 7,064,563 Sindh Development and maintenance of Infrastructure Cess 6,814,468 6,205,754 Provision for Gas Infrastructure Development Cess (GIDC) 3,113,744 3,113,744 Provision for Captive Gas Tariff rate differential 201,802 201,802

   Accrued expenses 1,048,540 1,195,680

   Workers' Profit Participation Fund (WPPF) 66,785 -

   Workers' Welfare Fund (WWF) 151,192 114,852

   Contract liabilities - advances from customers 33,447 387

   Retention money 8,128 276

   Withholding tax payable 7,371 4,706

   Others 162,173 160,499

   17,553,210 18,062,263
2. ACCRUED INTEREST

   This mainly represents interest payable to Mortar Investments International Limited amounting to USD 1.52 million (31 December 2024: USD 1.52 million) on long-term loans previously repaid by ICI Pakistan Limited. The amount is still unpaid due to certain legal and procedural complexities with respect to foreign remittance.

3. CONTINGENCIES AND COMMITMENTS
   1. Contingencies

      There is no significant change in the status of contingencies as reported in the annual financial statement for the year ended 31 December 2024.

   2. Commitments and Guarantees

      1. Commitments for capital expenditure as at 30 June 2025 amounted to Rs 260.40 million (31 December 2024: Rs 88.39 million).

      2. Commitments for rentals under Ijarah contracts for vehicles are as follows:

         30 June 31 December 2025 2024 (Un-audited) (Audited)

         Not later than 1 year	41,162		79,731
         Later than 1 year and not later than 5 years	216,063		183,275
         	257,225		263,006

      3. Commitments for rentals under agreement in respect of services are priced in foreign currency and converted at the exchange rate are as follows:

         30 June 31 December 2025 2024 (Un-audited) (Audited)

         Not later than 1 year	449,742		1,015,740
         Later than 1 year and not later than 5 years	463,234		584,050
         	912,976		1,599,790

         Report for the six months period ended 30 June 2025 15

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

         For the six months period ended 30 June 2025

         Amounts in Rs '000

      4. The facilities for guarantees from banks as at 30 June 2025 amounted to Rs 12,200 million (31 December 2024: Rs 12,200 million). Outstanding guarantees of the Company as at 30 June 2025

         were Rs 9,158.44 million (31 December 2024: Rs 8,158.44 million).

      5. The facilities for opening letters of credit from banks as at 30 June 2025 amounted to Rs 50,800 million (31 December 2024: Rs 50,800 million). Letters of credit issued on behalf of the Company as at 30 June 2025 were Rs 7,578.75 million (31 December 2024: Rs 2,826.96 million).

         Six months period ended 30 June (Un-audited)

         Note 2025 2024

4. REVENUE FROM CONTRACTS WITH CUSTOMERS - NET

Manufactured goods

Local sales 47,016,951 75,433,488

Less: Sales tax (7,172,077) (11,264,752)

Price settlements and discounts / rebates (901,697) (1,120,417)

13.1 This includes reversal of charge related to palladium metal recovered from a used batch.





16

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

For the six months period ended 30 June 2025

Amounts in Rs '000

Six months period ended 30 June (Un-audited) Six months period ended 30 June (Un-audited)

Note 2025 2024

1. TAXATION

   Current 18.1 701,307 1,492,350

   Deferred (210,691) (114,911)

   490,616 1,377,439

   1. This includes provision for super tax @10% amounting to Rs 177.99 million (30 June 2024: Rs 382.67 million).

Report for the six months period ended 30 June 2025 17

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

For the six months period ended 30 June 2025

Amounts in Rs '000

Six months period ended 30 June (Un-audited)

1. TRANSACTIONS WITH RELATED PARTIES

   The related parties comprise of parent company, related group companies, directors of the Company, companies where directors also hold directorships, key management personnel and staff retirement funds. All transactions with related parties are entered into at agreed terms. Details of transactions with related parties, other than those which have been specifically disclosed elsewhere in these condensed interim financial statements are as follows:

   Relationship Nature of transactions Six months period ended 30 June (Un-audited)

   		2025	2024
   Associates - Group Company Purchase of goods from Lotte Kolson (Private) Limited		830	884
   Associates - Common Purchase of goods from Directorship Nova Care (Pvt.) Ltd.		170	335
   Sale of goods to Novatex Limited - gross sales		11,865,546	25,608,111
   	Sale of goods to Gatron Industries Limited - gross sales	3,208,998	2,670,528
   Key management personnel	Salaries and other short-term benefits	34,631	38,445
   	Retirement benefits	1,207	5,208
   Others	Payments to retirement benefit funds	68,344	62,809

   
   
   
   
   
   
   
   
   18

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

   For the six months period ended 30 June 2025

2. SUBSEQUENT EVENT

   1. The Company's plant operation have been temporarily shut down due to a technical fault on 8 August 2025 and has commenced necessary maintenance activities.

3. DATE OF AUTHORISATION

These condensed interim financial statements were authorised for issue in the Board of Directors meeting held on 21 August 2025.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Ashiq Ali

Chief Financial Officer

Report for the six months period ended 30 June 2025 19

Registered Office

EZ/I/P-4, Eastern Industrial Zone, Port Qasim Authority, Bin Qasim, Karachi - 75020, Pakistan

UAN: +92 (0) 21 111 782 111

Fax: +92 (0) 21 3472 6004

URL: https://www.lottechem.pk

City Office

Al-Tijarah Centre, 14th Floor, 32/1-A, Main Shahrah-e-Faisal,

Block 6, P.E.C.H.S.,

Karachi-75400, Pakistan UAN: +92 (0) 21 111 568 782