Transmission of Quarterly Financial Statements for the Period Ended 2025-09-30

Contents

Company Information 03

Directors' Review 04

Condensed Interim Statement of Financial Position 06

Condensed Interim Statement of Profit or Loss 07

Condensed Interim Statement of Comprehensive Income 08

Condensed Interim Statement of Changes in Equity 09

Condensed Interim Statement of Cash Flows 10

Notes to the Condensed Interim Financial Statements 11

Company Information

As at 29 October 2025

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

Rashid Ibrahim Chairman

Seong Jun Park Member

Khurram Rashid Member

Faisal Abid Secretary

Rashid Ibrahim Chairman

Jo Hyun Kwoun Member

Young Dae Kim Member

Waheed U Khan Secretary

Young Dae Kim Chairman

Cheolsoo Kim Member

Khurram Rashid Member

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

Ashiq Ali

Faisal Abid

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

Dubai Islamic Bank Pakistan Limited 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

KPMG Taseer Hadi & Co., Chartered Accountants

A.F. Ferguson & Co., Chartered Accountants

Naz Toosy

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

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

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 nine months period ended 30 September 2025 03

Directors' Review

For the third quarter ended 30 September 2025

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

Crude Oil (WTI) prices trended lower throughout Q3 2025, weighed down by oversupply and persistent weakness in global demand. Market sentiment remained cautious as OPEC+ steadily eased production cuts thereby resulting in a gradual increment in supply. In the early part of the quarter, Crude Oil prices found intermittent strength against the sporadic geopolitical risks arising in the Middle East and Eastern Europe. Reinforced sanctions on Russia and Iran, together with ongoing attacks on energy infrastructure, maintained a moderate risk premium, keeping markets alert to potential disruptions. However, towards the end of the quarter, oversupply concerns and weak macroeconomic indicators across major economies in the Northern Hemisphere continued to exert downward pressure on prices. Despite a cut in interest rates by the US Federal Reserve, Crude Oil markets showed a limited response as concerns over a supply glut and sluggish global demand continued to dominate price movements. The average price for the quarter stood at US$

65.03 per barrel, marking a 2.2% increase compared to the previous quarter.

Paraxylene (PX) prices broadly tracked movements in the upstream energy markets during Q3 2025, while a weak sentiment prevailed in the market. The quarter opened on a bearish note, as persistently narrow PX-PTA margins limited any upside in PX prices which thereby added pressure on PX-Naphtha margins as well. Brief support was observed on the back of tight prompt supply as several PX units in China underwent routine planned turnarounds, temporarily balancing the markets. As the quarter progressed, PX prices remained subdued as downstream PTA demand entered the traditional lull period. Healthy gasoline blending margins also diverted reformate away from PX production which limited availability in the market, though this was not enough to offset weak fundamentals. The average price of PX was US$ 840.35 per metric tonne for the quarter while the PX-Naphtha spread averaged at US$ 252 per metric tonne for the quarter.

In Q3 2025, PTA prices remained soft, moving in parallel along the downward trend as observed in the upstream energy and feedstock (PX) markets. The market carried forward oversupply pressures from the previous quarter, as trade tensions weighed on consumer purchasing power and curtailed demand for finished goods which resulted in producers opting to rationalize operations. Although several PTA units in China remained offline due to planned and unplanned turnarounds, the impact on supply was negligible as significant capacity additions in the recent years had outpaced demand. A delay in implementation of reciprocal tariffs by the United States provided brief support however, the gains were short-lived as the seasonal lull in the Textile and PET sectors offset the optimism. Moreover, the start-up of a large new PTA unit added 2.5 million tonnes of fresh capacity in the market, further reinforced the bearish sentiment which resulted in persistent uneconomical PX-PTA regional margins which averaged at US$ 68 per metric tonne as compared to US$ 84 per metric tonne for the previous quarter. PTA prices averaged at US$ 622.90 per metric tonne, reflecting a 1.2% increase compared to the previous quarter.

The Domestic Polyester Industry operated at an average utilization rate of 65% during Q3 2025. Operations showed some improvement compared to the previous quarter, supported by improved macroeconomic stability post release of Finance Bill 2025 as well as consistent demand observed during the ongoing peak season for the Textile and PET sectors. However, the industry did face the impact of severe floods in the country due to which operations were temporarily impacted. Regardless, demand has remained constrained due to the continued impact of inflation, higher energy costs as well as the continued ingress of cheaper imports in the domestic market.

Sales volume, comprising of domestic sales only, for Q3 2025 at 94,672 tonnes was 9% lower than the corresponding quarter last year due to lower product availability.

Directors' Review

For the third quarter ended 30 September 2025

Production volume during the quarter at 79,894 tonnes was 33% lower than the corresponding period last year due to a plant outage in August on account of an accidental failure of critical equipment.

Revenue for the quarter was 17% lower than the corresponding period last year due to lower volume sold and lower PTA price. This, together with higher cost of sales mainly on account of increase in energy cost, resulted in a lower gross profit of Rs 570 million for the quarter as compared to gross profit of Rs 1,045 million during the same period last year.

Distribution and selling expenses for the quarter were 26% lower than the corresponding period last year due to export sales in Q3 2024 on which handling charges were borne by the Company. Administrative and general expenses for the quarter were 2% higher than the corresponding period last year due to overall impact of 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 0.06 per share as compared to Rs 0.33 per share for Q3 2024.

Crude Oil (WTI) prices are expected to remain under pressure in the near term, weighed down by the gradual rollback of OPEC+ production cuts. Weak global macroeconomic indicators are likely to further dampen demand, while renewed focus weakening international trade environment may keep prices on the defensive. Conversely, ongoing geopolitical developments in Europe and the Middle East may provide episodic support.

Paraxylene (PX) prices are expected to move in tandem with the upstream energy markets while the seasonal slowdown may fail to impact prices due to the absence of underlying supply/demand fundamentals. While the bearish sentiment is likely to weigh on PX markets, stable PTA production in China may offer some degree of price support to the industry already struggling to maintain profitable margins. PTA prices are anticipated to move largely in line with upstream PX market, regardless of support expected against steady demand in China. The commissioning of new PTA capacities, equivalent to around 6.2 million metric tonnes, is set to expand supply significantly which may depress regional margins further. In contrast, holiday season demand may provide upside, though not enough to offset the broader supply overhang.

The Domestic Polyester Industry is expected to continue facing headwinds with overall business activity likely to remain soft due to persistent high cost of doing business, inflationary pressures and reduced purchasing power. Demand from downstream textiles may see modest support from export orders in value-added segments which may remain favorable on account of low reciprocal tariffs from the United States. The overall impact of domestic floods is yet to be ascertained which may eventually have a ripple effect on the domestic businesses going forward.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Date: 29 October 2025 Karachi

Report for the nine months period ended 30 September 2025 05

Condensed Interim Statement of Financial Position

As at 30 September 2025

Amounts in Rs '000

Note

2025

31 December

2024

(Audited)

Property, plant and equipment 4 5,769,910 6,320,304

Intangible assets 2,576 13,542

Right-of-use assets 99,817 211,733

Long-term loans 231,431 169,738

Long-term deposits and prepayments 31,762 32,432

Deferred taxation - net 2,746,204 2,347,857

2,302,911

6,746,190

3,602,907

68,112

115,552

99,089

23,319

414,499

3,913,275

6,826,435

8,833,047

Trade debts 5

Loans and advances

Trade deposits and short-term prepayments Accrued interest

Other receivables

Short-term investments - at amortised cost 6

Sales tax refunds due from government 7

Taxation - net

Cash and bank balances 8

Issued, subscribed and paid-up capital 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 8,105,066 7,269,198

208,591

314,039

522,630

19,104,697

18,062,263

542,777

424,189

75,468

Trade and other payables 9

Lease liability

Accrued interest 10

Unclaimed dividend

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Ashiq Ali

Chief Financial Officer

06

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

For the nine months period ended 30 September 2025

Amounts in Rs '000

The annexed notes 1 to 21 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 nine months period ended 30 September 2025 07

Condensed Interim Statement of Comprehensive Income (Un-audited)

For the nine months period ended 30 September 2025

Amounts in Rs '000

The annexed notes 1 to 21 form an integral part of these condensed interim financial statements.

Ashiq Ali

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Chief Financial Officer

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

For the nine months period ended 30 September 2025

Amounts in Rs '000

Share capital

Issued, subscribed and paid-up capital

Capital reserves

Reserves

Unappropriated profit

Subtotal

Total equity

Total comprehensive income for the nine months period ended 30 September 2024

• Profit for the nine months period ended 30 September 2024

• Other comprehensive income for the nine months period

  ended 30 September 2024

  - Final dividend for the year		-	2,661,597	2,661,597	2,661,597
  ended 31 December 2023 @ Rs 1.00 per share - Interim dividend for the year		-	(1,514,207)	(1,514,207)	(1,514,207)
  ending 31 December 2024 @ Rs 0.50 per share -		-	(757,104)	(757,104)	(757,104)
  Balance as at 30 September 2024	15,142,072	2,345	7,257,828	7,260,173	22,402,245
  Balance as at 1 January 2025 Total comprehensive income	15,142,072	2,345	7,269,198	7,271,543	22,413,615

  for the nine months period ended 30 September 2025

  -	-	835,868	835,868	835,868
  -	-	-	-	-

• Profit for the nine months period ended 30 September 2025

• Other comprehensive income for the nine months period

ended 30 September 2025

Ashiq Ali

The annexed notes 1 to 21 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 nine months period ended 30 September 2025 09

Condensed Interim Statement of Cash Flows (Un-audited)

For the nine months period ended 30 September 2025

Amounts in Rs '000

Ashiq Ali

The annexed notes 1 to 21 form an integral part of these condensed interim financial statements.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Chief Financial Officer

1. 
   
   

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

   For the nine months period ended 30 September 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. Lotte Chemical Corporation, South Korea (""LCC Korea""), the majority shareholder of the Company has entered into Share Purchase Agreement (SPA) dated 19 February 2025 with AsiaPak Investments Limited and Montage Oil DMCC (the Acquirer) 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.

         Pursuant to the Listed Companies (Substantial Acquisition of Voting Share and Takeovers) Regulations, 2017, PTA Global Holding 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 the Company on certain terms and conditions.

         On 12 September 2025, Arif Habib Limited (Manager to the Offer) confirmed that the Acquirer has fulfilled all obligations under the applicable takeover regulations and payments have been dispatched to all the shareholders who tendered their shares as part of the Public Offer.

         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 nine months period ended

         30 September 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.

         Report for the nine months period ended 30 September 2025 11

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

         For the nine months period ended 30 September 2025

         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.

      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.

   
   
   
   
   
   
   
   
   12

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

   For the nine months period ended 30 September 2025

   Amounts in Rs '000

   4 PROPERTY, PLANT AND EQUIPMENT	Note	30 September 2025 (Un-audited)		31 December 2024 (Audited)
   Operating property, plant and equipment	4.1	5,164,647		5,762,835
   Capital work-in-progress	4.2	605,263		557,469
   		5,769,910		6,320,304

   4.1 The following property, plant and equipment have been added / disposed off during the nine months period ended 30 September: 2025 2024 Additions Disposals Additions Disposals cost net book cost net book value value Property, plant and equipment Operating assets - owned

   Leasehold land 59,094 - - -

   Buildings on leasehold land	5,503	-	5,330	-
   Plant and machinery	361,931	-	222,943	-
   Furniture and equipment	12,724	-	39,820	-
   Motor vehicles	8,182	-	-	-

   	30 September 2025		31 December 2024
   4.2 Capital work-in-progress - movement	(Un-audited)		(Audited)
   Balance as at opening	557,469		257,359
   Capital expenditure	415,228		1,504,640
   Transferred to operating property, plant and equipment	(367,434)		(1,204,530)
   Balance as at closing	605,263		557,469
   5 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 Nil million (31 December 2024: Rs 658.14 million) and Rs 1,486.12 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).

   Report for the nine months period ended 30 September 2025 13

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

   For the nine months period ended 30 September 2025

   Amounts in Rs '000

   30 September 31 December 2025 2024

   Note (Un-audited) (Audited)

   1. SHORT-TERM INVESTMENTS - at amortised cost Conventional

      - Term deposit receipts 6.1 414,499 414,499

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

   		30 September 2025 (Un-audited)		31 December 2024 (Audited)
   7 SALES TAX REFUNDS DUE FROM GOVERNMENT
   Sales tax refundable		5,068,509		4,086,613
   Provision for impairment		(173,338)		(173,338)
   		4,895,171		3,913,275
   		30 September 2025		31 December 2024
   8 CASH AND BANK BALANCES	Note	(Un-audited)		(Audited)
   Conventional
   - Current accounts		9,383		9,224
   - Savings account	8.1	2,361,441		8,756,487
   Islamic		2,370,824		8,765,711
   - Current accounts		62,625		67,336
   - Savings account	8.1	51		-
   		62,676		67,336
   		2,433,500		8,833,047

   1. These carry interest rate from 4.0% to 11.10% per annum (31 December 2024: 13.50% per annum).

   2. CASH AND CASH EQUIVALENTS
   30 September 30 September 2025 2024 (Un-audited) (Un-audited)

   Cash and bank balances 2,433,500 183,595 TDRs with banks having maturity less than three months 414,499 714,498

   2,847,999 898,093
   
   
   
   
   
   
   
   
   14

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

   For the nine months period ended 30 September 2025

   Amounts in Rs '000

   	30 September		31 December
   	2025		2024
   9 TRADE AND OTHER PAYABLES	(Un-audited)		(Audited)
   Trade creditors including bills payable	4,540,256		7,064,563
   Sindh Development and maintenance of Infrastructure Cess	7,126,934		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	1,271,224		1,195,680
   Workers' Profit Participation Fund (WPPF)	74,916		-
   Workers' Welfare Fund (WWF)	67,469		114,852
   Contract liabilities - advances from customers	22,895		387
   Retention money	5,668		276
   Withholding tax payable	8,300		4,706
   Others	155,556		160,499
   	16,588,764		18,062,263
   10 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.

2. 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 September 2025 amounted to Rs 221.67 million (31 December 2024: Rs 88.39 million).

         30 September			31 December
         2025			2024
         (Un-audited)			(Audited)
         Not later than 1 year	21,003		79,731
         Later than 1 year and not later than 5 years	228,572		183,275
         	249,575		263,006
         Commitments for rentals under agreement in respect of services are priced in foreign currency and converted at the exchange rate are as follows:
         30 September			31 December
         2025			2024
         (Un-audited)			(Audited)
         Not later than 1 year	669,830		1,015,740
         Later than 1 year and not later than 5 years	-		584,050
         	669,830		1,599,790
         The facilities for guarantees from banks as at 30 September 2025 amounted to Rs 12,700 million

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

      4. (31 December 2024: Rs 12,200 million). Outstanding guarantees of the Company as at 30 September 2025 were Rs 8,197.35 million (31 December 2024: Rs 8,158.44 million).

      5. The facilities for opening letters of credit from banks as at 30 September 2025 amounted to Rs 46,800 million (31 December 2024: Rs 50,800 million). Letters of credit issued on behalf of the Company as at 30 September 2025 were Rs 3,165.42 million (31 December 2024: Rs 2,826.96 million).

         Report for the nine months period ended 30 September 2025 15

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

         For the nine months period ended 30 September 2025

         Amounts in Rs '000

3. REVENUE FROM CONTRACTS WITH CUSTOMERS - NET

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

For the nine months period ended 30 September 2025

Amounts in Rs '000

Report for the nine months period ended 30 September 2025 17

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

For the nine months period ended 30 September 2025

1. CASH GENERATED FROM OPERATIONS

   Profit before taxation and levies 1,374,382 4,363,166

   Adjustments for non-cash charges and other items

   Depreciation and amortisation

   Obsolete and slow moving stores and spare parts

   - write off

   Gain on disposal of property, plant and equipment Provision for retirement benefit obligations Finance cost

   Income from financial assets

   1,168,504

   1,372

   (2,552)

   18,355

   186,081

   (456,343)

(Increase) / decrease in current assets: Stores and spare parts

Stock-in-trade Trade debts

Loans and advances

Trade deposits and short-term prepayments Other receivables

Sales tax refunds due from government

Decrease in trade and other payables (1,377,086) (1,176,075)

Cash (used in) / generated from operations (4,454,878) 7,614,304

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 Nine months period ended 30 September (Un-audited)

   		2025	2024
   Associates - Group Company	Purchase of goods from Lotte Kolson (Private) Limited	830	884
   Associates - Common Directorship	Purchase of goods from Nova Care (Pvt.) Ltd.	295	433
   Purchase of services - The Pakistan Business Council		-	2,500
   Sale of goods to Novatex Limited - gross sales		15,758,565	34,813,535

   Sale of goods to Gatron Industries

   Limited - gross sales 3,597,236 3,978,879

   Key management Salaries and other short-term benefits 48,887 39,690

   personnel Retirement benefits 1,857 4,247

   Others Payments to retirement benefit funds 104,103 96,332
   
   
   
   
   
   
   
   
   18

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

   For the nine months period ended 30 September 2025

2. DATE OF AUTHORISATION

Ashiq Ali

These condensed interim financial statements were authorised for issue in the Board of Directors meeting held on 29 October 2025.

Jo Hyun Kwoun

Chairman

Young Dae Kim

Chief Executive

Chief Financial Officer

Report for the nine months period ended 30 September 2025 19

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

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