Transmission of Quarterly Report for the Period Ended - March 31, 2026

QU AR TER ENDED

MARC H 3 1

2026

Company Information

Board of Directors

Mr. Khalid Siddiq Tirmizey - Chairman

Mr. Zafar Mahmood - Chief Executive Officer Mr. Khalid Mumtaz Qazi

Mr. Muhammad Yahya Khan Mr. Shahzeb Khalid

Mr. Muhammad Ali Mrs. Nazia Qureshi

Mrs. Mahnoor Mansoor Jawaid

Chief Financial Officer

Syed Sajid Nasim

Company Secretary

Mr. Muhammad Inam-ur-Rahim

Head of Internal Audit

Mr. Umair Tahir

Auditors

Crowe Hussain Chaudhury & Co. Chartered Accountants

Audit Committee

Mr. Muhammad Ali - Chairman Mrs. Nazia Qureshi

Mrs. Mahnoor Mansoor Jawaid Mr. Shahzeb Khalid

Human Resources & Remuneration Committee

Mrs. Nazia Qureshi - Chairperson Mr. Shahzeb Khalid

Mr. Zafar Mahmood

ESG (Sustainability) Committee

Mr. Khalid Siddiq Tirmizey - Chairman Mr. Muhammad Yahya Khan

Mrs. Mahnoor Mansoor Jawaid

Share Registrar

Corplink (Pvt.) Limited

Wings Arcade, 1-K Commercial, Model Town, Lahore. Pakistan. Tel: +92 42 35916714 & 19

Fax: +92 42 35869037

https://www.corplink.com.pk

Legal Advisors

M/s Hassan & Hassan Advocates

Bankers

Al Baraka Bank (Pakistan) Limited Askari Bank Limited

Bank Alfalah Limited

Bank Islami Pakistan Limited Faysal Bank Limited ( Islamic ) Habib Bank Limited

Habib Metropolitan Bank Limited JS Bank Limited

MCB Bank Limited Meezan Bank Limited National Bank of Pakistan

Pak Brunei Investment Company Limited Soneri Bank Limited

The Bank of Punjab The Bank of Khyber

Registered Office / Plant

14.5 Km, Lahore-Sheikhupura Road, Lahore, Pakistan.

Tel : +92 42 37971512-14

Fax: +92 42 37970229

Head Office

122-B, New Muslim Town, Lahore, Pakistan.

Tel : +92 42 35926090-93

Fax: +92 42 35926099

Karachi Office

607, Progressive Centre, Block-6, PECHS, Shahrah-e-Faisal, Karachi. Tel : +92 21 34327661-62

Web Site

https://www.nimir.com.pk

DIRECTORS' REVIEW REPORT

On behalf of the Board of Directors of Nimir Resins Limited, we are pleased to present Directors' Review report on the unaudited interim financial statements of your Company for the Nine months ended March 31, 2026. The synopsis of the results for the period is as under:

(Rupees in Million)

We are pleased to share that your company achieved impressive financial growth, both in sales and profitability. Gross sales revenue reached PKR 10,758 million, marking a 29% increase compared to the same period last year, primarily due to higher sales volume. The gross margin also rose from PKR 774 million to PKR 1,012 million, indicating a robust 31% improvement over the previous year. This positive trend in sales and profit was observed across all businesses. Additionally, financial costs were reduced by 18% due to improved inventory management and a lower base rate.

The improvement mentioned above has had a very positive effect on profitability, with the company recording a pre-tax profit of PKR 508 million, an impressive 84% increase over the same period last year. However, following a recent decision by the Supreme Judicial Council, the company was required to pay an additional super tax of PKR 64 million to the Government. This unusually high tax significantly reduced post-tax profit, resulting in a net profit that increased by 24% to PKR 242 million. Earnings per share rose to PKR 1.71, compared to PKR 1.39 during the same period last year.

The recent Middle East war has disrupted global markets, raising crude oil prices and, in turn, increasing costs for petrochemicals and other commodities. With Pakistan already facing high inflation and low demand, these new price hikes will likely further burden consumers, dampen domestic demand, and impact GDP. Additionally, monetary policy may tighten, possibly leading to a higher discount rate.

The Board of Directors extends its gratitude to all stakeholders for their unwavering support and confidence in the company and its management. It is this support that will enable the company to navigate through the current challenging times successfully, Insha Allah.

For and on the behalf of the Board

Zafar Mahmood Khalid Mumtaz Qazi Lahore

Chief Executive Officer Director April 23, 2026

2025

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2026

The annexed notes from 1 to 16 form an integral part of this condensed interim financial information (un-audited).

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

FOR THE NINE MONTHS AND QUARTER ENDED MARCH 31, 2026 (UN-AUDITED)

Note

Sales

Less: Sales tax

Net-Sales

Cost of sales 9

Gross Profit

Operating expenses:

Distribution costs Administrative expenses

Operating Profit

Other operating expenses Finance cost

Other income

Profit before Income Tax and Levies

Levy / final taxation Profit before taxation Taxation

Current period 10

Prior periods (super tax) Deferred tax

Nine Months Ended Quarter Ended March 2026 March 2025 March 2026 March 2025

Rs. "000" Rs. "000" Rs. "000" Rs. "000"

Net profit for the Period

Earning per Share - Basic and Diluted 11

The annexed notes from 1 to 15 form an integral part of this condensed interim financial information (un-audited).

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

CONDENSED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME

FOR THE NINE MONTHS AND QUARTER ENDED MARCH 31, 2026 (UN-AUDITED)

Nine Months Ended Quarter Ended

Rs. "000" Rs. "000" Rs. "000" Rs. "000"

Net Profit for the Period Other comprehensive income

Total Comprehensive Income for the Period

The annexed notes from 1 to 15 form an integral part of this condensed interim financial information (un-audited).

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)

Rs. '000'

Quarterly Report March 2026

The annexed notes from 1 to 15 form an integral part of this condensed interim financial information (un-audited).

7

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

CONDENSED INTERIM STATEMENT OF CASH FLOWS

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)

CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxation Adjustments:

• Depreciation

• Provision for gratuity

• Provision for obsolescence of stock

• Expected credit losses on trade debts

• Workers' profit participation fund

• Worker welfare fund

• Gain in disposal of property, plant and equipment

• Exchange (gain)/loss - net

• Finance cost

  Operating profit before working capital changes

  (Increase) / decrease in current assets:

• Stores and spares

• Stock in trade

• Trade debts

• Loans and advances

• Prepayments and other receivables

• Sales Tax Refundable

  Increase / (decrease) in current liabilities:

• Trade and other payables

Nine Months Ended

March 2026 March 2025

Rs. "000" Rs. "000"

Cash generated from operations

Finance cost paid Income tax paid Gratuity paid

Workers' welfare fund paid

Workers' (profit) participation fund paid

Net Cash (Used In) / Generated From Operating Activities CASH FLOW FROM INVESTING ACTIVITIES

Property, plant and equipment purchased Capital work in progress

Addition in right-of-use assets - net

Proceeds from disposal property, plant and equipment Long term deposits

Net Cash (Used In) / Generated From Investing Activities CASH FLOW FROM FINANCING ACTIVITIES

Payments against long term financing Dividend paid

Addition in lease liabilities Payments against lease liabilities Short term borrowings - net

Net Cash Generated From / (Used In) Financing Activities Net Decrease in Cash and Cash Equivalents

Cash and cash equivalents at the beginning of the period

Cash and Cash Equivalents at the End of the Period

The annexed notes from 1 to 15 form an integral part of this condensed interim financial information (un-audited).

NOTES TO AND FORMING PART OF THE CONDENSED INTERIM FINANCIAL INFORMATION FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)

1. THE COMPANY AND ITS OPERATIONS

   1. Nimir Resins Limited (the Company) was incorporated in Pakistan on December 17, 1964 as a private limited company under the Companies Act, 1913 (now the Companies Act, 2017) and was converted into public limited company on August 19, 1991.

   2. The principal activity of the Company is to manufacture coating resins, composite resins (UPR), optical brightener, textile auxiliaries and paper surface sizing agents.

   3. The shares of the Company are quoted on Pakistan Stock Exchange Limited. The Company is domiciled in Pakistan and its registered office is situated at 14.5 KM, Lahore-Sheikhupura Road, Lahore.

   4. Corporate office and the the production plants of the Company is located at 14.5 KM, Lahore-Sheikhupura Road, Lahore.

2. BASIS OF PREPARATION

   1. These condensed interim financial information have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan. The accounting and reporting standards applicable in Pakistan comprise of:

      • International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and

      • Provisions of and directives issued under the Companies Act, 2017.

        Where provisions of and directives issued under the Companies Act, 2017 differ from the IFRS, the provisions of and directives issued under the Companies Act, 2017 have been followed.

   2. The condensed interim financial information does 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 30 June, 2025.

   3. This condensed interim financial information is presented in Pak rupees, which is the Company's functional and presentational currency. The financial statements have been prepared under the historical cost convention. Figures have been rounded off to the nearest thousand rupee, unless stated otherwise.

3. SIGNIFICANT ACCOUNTING POLICIES

   The accounting policies and methods of computation of this condensed interim financial information are the same as those followed in the preparation of annual financial statements for the preceding financial year ended June 30, 2025.

4. ACCOUNTING ESTIMATES AND JUDGMENT

   The accounting estimates and associated assumptions used in preparation of this condensed interim financial information are consistent with those applied in the preparation of annual financial statement for the year ended June 30, 2025.

5. PROPERTY, PLANT AND EQUIPMENT

   Note

   Operating fixed assets 5.1

   Capital work in progress 5.2

   (Audited)

   (Un-audited)

   March 2026

June 2025

Rs."000" Rs."000"

(Audited)

June 2025

Opening Balance (WDV)

Additions during the period / year (Cost) Transer from right of use assets (WDV) Disposal during the period / year (WDV)

Depreciation charge for the period / year Closing Balance (WDV)

Rs."000" Rs."000"

Notes to and Forming part of the Condensed Interim Financial Information

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)

1. 1. Movement in capital work-in-progress is as follows:

      Opening balance

      Addition during the period / year Transferred to operating fixed assets Transferred to right of use assets Closing balance

2. Lease Liabilities

   Opening balance

   Add: Additions during the period / year Add: Interest expense for the period / year

   Less: Payments made during the period / year Gross liability

   Less: Current portion Closing balance

   (Audited) June 2025

   Rs."000" Rs."000"

   18	19,595
   140,041	31,282
   (26,118)	(50,859)
   (73,985)	-
   39,956	18

   March 2026

(Audited) June 2025

Rs."000" Rs."000"

1. 1. The Company acquired vehicles from different banks under finance lease arrangements, for a period of 60 months. Present value of minimum lease payments has been discounted using interest rate ranging from 3 months to 1 year KIBOR with a spread of upto 2% (2025: 3 months to 1 year KIBOR with a spread of upto 2%). Rentals are paid in equal monthly installments.

2. SHORT TERM BORROWINGS

   Banking companies - Secured

   Running finance

   Borrowings / finance against trust receipts

   (Audited) June 2025

   March 2026

Rs."000" Rs."000"

747,221

1,313,247

2,060,468

1. 1. The Company has obtained various funded and unfunded financial facilities from different banks for a total sanctioned limit of Rs. 6,575 million (2025: Rs. 6,575 million) including running finance facilities amounting to Rs. 1,225 million (2025: Rs. 1,225 million). Mark-up on short term borrowings is charged using 1 to 6 Months KIBOR+ spread of up to 1.25% (2025: 1 to 6 Months KIBOR + spread of up to 1.25%) per annum. Furthermore, some limits carry commission against foreign and local LCs at 0.05% to 0.10% (2024: 0.05% to 0.10%) per quarter. These facilities are secured by way of joint pari passu charge and ranking hypothecation charge over present and future current assets of the Company.

2. CONTINGENCIES AND COMMITMENT

   1. CONTINGENCIES

      There is no material change in the status of contingencies as reported in annual financial statements of the Company for the year ended June 30, 2025.

   2. GUARANTEES

      The Company is liable for Bank guarantees arranged from different banks that have been issued in favour of the following:

      Sui Northern Gas Pipelines Limited Pakistan State Oil Company Limited Total Parco Pakistan Limited

   3. COMMITMENTS

      Letters of credit Lease liabilities

      Capital work in progress - Capital expenditure

      (Audited) June 2025

      March 2026

Rs."000" Rs."000"

Notes to and Forming part of the Condensed Interim Financial Information

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)

1. COST OF SALES Nine Months Ended Quarter Ended

   March 2026 March 2025 March 2026 March 2025

   (Un-audited) (Un-audited) (Un-audited) (Un-audited) Rs."000" Rs."000" Rs."000" Rs."000"

   Opening stock of finished goods Cost of goods manufactured	638,822 7,955,303	746,577 6,119,582	609,784 2,697,448	567,155 2,058,064
   	8,594,125	6,866,159	3,307,232	2,625,219
   Closing stock of finished goods	(521,725)	(611,248)	(521,725)	(611,248)
   Cost of sales	8,072,400	6,254,911	2,785,507	2,013,971

2. Taxation Nine Months Ended Quarter Ended

March 2026 March 2025 March 2025

(Un-audited) (Un-audited) (Un-audited) (Un-audited) Rs."000" Rs."000" Rs."000" Rs."000"

Current period:

• Corporate Tax

• Super tax

1. EARNING PER SHARE - BASIC AND DILUTED

   Net Profit for the period	Rupees '000'	242,361		196,065	80,368	61,612
   Weighted average number of shares	Number '000'	141,321		141,321	141,321	141,321
   Earning per share - Basic and Diluted	Rupee	1.17		1.39	0.57	0.44

2. TRANSACTIONS WITH RELATED PARTIES

   The related parties and associated undertakings comprise parent Company, related group companies, directors and key management personnel. Transactions with related parties are as follows.

   March 2026

Nine Months Ended

Related Parties / Relationship Nature of Transaction

March 2025 (Un-audited) (Un-audited)

Notes to and Forming part of the Condensed Interim Financial Information

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)

1. SEGMENT REPORTING

   1. Based on internal management reporting structure and products produced and sold, the Company has organized it business in the following two operating segments:

      • Coating, Emulsion and Blending

      • Textile, Paper and Others

   2. Segment Analysis

      The segment information for the reportable segments for the quarter ended is as follows.

      	Coating, Emulsion and Blending	Textile, Paper and others	Total
      (Rs. '000) Segment Results for the Period ended March 31, 2026 (Un-audited)
      Sales	5,637,652	3,447,069	9,084,721
      Segment results	296,097	436,265	732,362
      Other operating expenses			(41,933)
      Finance costs			(212,329)
      Other income			30,472
      Profit before taxation			508,572

      Segment Results for the Period ended March 31, 2025 (Un-audited)

      Sales	4,151,774 2,877,644 7,029,418
      Segment results	207,886 353,340 561,226
      Other operating expenses	(40,407)
      Finance costs	(259,127)
      Other income	14,558
      Profit before taxation	276,250
      Information about major customers

      One customer of the Company accounts for 7.89% (2025: 10.47%) of total sales for the period. Revenue from such customer was Rs. 716.869 million (2025: Rs. 735.889 million).

      Information about geographical areas

      • All non-current assets of the Company are located in Pakistan as at the reporting date.

      • Revenue from export sale is Rs. Nil (2025: Nil).

      Shariah Compliance Disclosure Statement of financial position -Financing obtained	(Un-audited) March 2026	(Audited) June 2025
      as per Islamic mode:	Rs."000"	Rs."000"
      Short term borrowings as per islamic mode	1,073,626	656,000
      Shariah compliant bank balances	92,301	97,119
      Mark up paid on Islamic mode of financing	47,043	56,896

      13

      • The Company maintains bank accounts and short term borrowings with Meezan Bank Limited, Al Baraka Bank (Pakistan) Limited, Faysal Bank Limited and Bank Islami (Pakistan) Limited.

      • Information has been disclosed with the reference to disclousre requirements of fourth schedule of the Companies Act, 2017 relating to all shares Islamic Index.

Notes to and Forming part of the Condensed Interim Financial Information

FOR THE NINE MONTHS ENDED MARCH 31, 2026 (UN-AUDITED)

1. GENERAL

   1. Corresponding figures are re-arranged / reclassified, wherever necessary, for the purpose of comparison and for better presentation. No material reclassifications have been made in this condensed interim financial information (un-audited).

      13.2 All figures have been rounded off to the nearest thousand rupees, unless otherwise stated.

2. AUTHORIZATION OF FINANCIAL INFORMATION

This condensed interim financial information (un-audited) is authorized for issuance on Thursday, April 23, 2026 by the Board of Directors of the Company.

CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER

Better lile Through Chemistry

Corporate Vide0 E-Brochure

NI

IR

NIMIR RESINS LIMITED

14.5 K.M. Lahore - Sheikhupura Road, Lahore, Pakistan.

Tel: +92 42 37971512-14 +92 42 35926090-93

https://www.nimir.com.pk