Financial Results for the Year Ended 31 December 2025

Note

2025

--- Rupees in

2024

Thousands ---

ASSETS

Non Current Assets

Operating fixed assets

5

37,666

32,208

Intangible assets

6

195,534

3,647

Deferred tax assets

7

19,390

19,390

Long term investments

8

447,893

447,893

Long term contract assets

9

7,657

-

Long term deposits

100

100

708,240

503,238

Current Assets

Stock in trade

146

Trade debts

10

1,217,132

1,456,172

Contract assets

11

103,701

103,909

Advances, prepayments and other receivables

12

1,211,841

940,973

Short term investment

13

577

539

Bank balances

14

39 536

8 955

2,572,933

2,510,548

3,281,173

3,013,786

CAPITAL AND LIABILITIES

Share Capital and Reserves

Authorized share capital

250,000,000 (2024: 250,000,000) ordinary shares of Rs. 10 each

2,500,000

2,500,000

Issued, subscribed and paid up share capital

1,572,625

1,572,625

Capital reserves

Group restructuring reserve

(1,084,000)

(1,084,000)

Employees' share compensation reserve

16

77,867

37,481

Share premium

789,209

789,209

Revenue reserve - unappropriated profits

1,462,522

2,818,223

2,691,129

Non Current Liabilities

Diminishing musharaka finance

17

16,867

12,810

Current Liabilities

Trade and other payables

18

316,507

280,764

Contract liabilities

19

77,888

2,224

Current portion of diminishing musharka finance

20

8,161

4,460

Provision for taxation

21

43 527

22 399

446,083

309,847

Contingencies and Commitments

22

3 281 173

3,013,786

Rev nue from contracts with customers - net

23

505,225

850,729

ost f rev nue

24

(259,765)

(471,611)

Gross Profit

245,460

379,118

6-dministrative expenses

25

(191,048)

(266,629)

Operating Profit

54,412

112,489

Other operating expenses

26

(64,707)

(71,832)

Rnance cost

27

(4,083)

(3,539)

Othe operating income

28

132,704

64,027

Profit before Levy and Taxation

118,326

101,145

evy I final taxation

29

(217)

(1,458)

Profit before Taxation

118,109

99,687

Taxation

30

{31,401)

(7,250)

Net Profit for the Year

86 708

92 437

Earnings per share - Basic

31

0.55

0.59

Earnings per share - Diluted

31

0.54

0.58

Balance as at January 01, 2024

1,572,625

(1,084,000)

9,264

789,209

1,283,378

2,570,476

Net profit for the year

Other comprehensive income for the year

92,436

92,�36 I

Total comprehensive income for the year

92,436

92,436

Employee share option reserve

28,217

28,217

Balance as at December 31, 2024

1,572,625

(1,084,000)

37,481

789,209

1,375,814

2,691,129

Net profit for the year

Other comprehensive income for the year

86,708

86, 08

�

Total comprehensive income for the year

86,708

86,708

Employee share option reserve

40,386

40,386

Balance as at December 31, 2025

1,572,625

(1,084,000}

77,867

789,209

1,462,522

2,818,223

Depreciation on operating fixed assets

5&24&25

15,246

10,588

Amortization of intangible assets

6&25

405

Allowance for expected credit losses - due from others

10.5&26

1,223

1,035

Operating profit before working capital changes

(Increase)/ decrease in current assets:

117,985

503,606

- Stock in trade

(146)

623

- Trade debts

10

206,478

(7,578)

- Contract assets

11

(9,973)

(1,600)

- Advances, prepayments and other receivables

12

(135,598)

(458,963)

Increase/ (Decrease) in current liabilities:

Creditors, accrued and other liabilities

18

14,736

100,426

- Contract liabilities 19

75 664

(9,819)

151,161

(376,911)

Cash Generated from Operations

269,146

126,695

Finance cost paid

27

(4,083)

(3,540)

Income tax paid

(29,259)

(35,452)

Net Cash Generated from Operating Activities

235,804

87,703

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of operating fixed assets

5 & 24&25

(6,195)

(14,262)

Addition in intangible asset

6.1

(192,292)

(108,099)

Short term investment (made)/ encashed

13

9,580

Dividend received from short term investment

28

53

1 094

Net Cash Used in Investing Activities

(198,472)

(111,687)

CASH FLOWS FROM FINANCING ACTIVITIES

Long term diminishing musharaka repaid

17

(6, 51)

(2,845)

Long term diminishing musharaka obtained

17

� 11

6,425 ,

Net Cash (Used in) / Generated from Financing Activities

(6,751)

3 580

Net Increase / (Decrease) in Cash and Cash Equivalents

30,58 1

(20,404)

cash and cash equivalents at the beginning of the year

8,955

29,359

Cash and Cash Equivalents at the End of the Year

14

39 536

8 955

‌OCTOPUS DIGITAL LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT DECEMBER 31, 2025

2025

2024

Note ------Rupees in Thousands----

ASSETS

Non Current Assets

Operating fixed assets

Intangible assets

Deferred tax assets

Long term contract asset

Long term deposits

5

38,016

32,436

6

990,572

772,127

7

19,390

19,390

8

7,657

-

100

100

Current Assets

Stock in trade

Trade debts

Contract assets

Advances, prepayments and other receivables

Short term investment

Bank balances

9

10

11

12

13

146

1,296,585

154,588

545,360

577

98,613

-

1,428,742

243,201

518,355

539

21,528

15

(1,050,259)

77,865

403

789,209

1,374,904

1,192,122

2,764,747

(1,050,259)

37,479

4,226

789,209

1,346,008

1,126,663

2,699,288

Authorized share capital

Issued, subscribed and paid up share capital

Capital reserves

Group restructuring reserve

Employees' share compensation reserve

Exchange translation reserve

Share premium

Revenue reserve - unappropriated profits

14

2,500,000 2,500,000

13

1,572,625 1,572,625

Diminishing musharaka finance

Current Liabilities

Trade and other payables

Contract liabilities

Current portion of diminshing musharaka finance

Provision for taxation

16

16,867

12,810

17

222,278

262,230

18

95,593

34,871

16

8,161

4,460

19

43,958

22,759

369,990

324,320

Contingencies and Commitments

20

-

-

3,151,604

3,036,418

‌OCTOPUS DIGITAL LIMITED

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED DECEMBER 31, 2025

2025

2024

Note ------Rupees in Thousands----

Revenue

Cost of sales

21

1,212,399

1,266,023

22

(767,150)

(655,117)

23

(356,259)

(368,186)

26

(2,311) (1,815)

60,297 210,011

Other operating expenses

Finance cost

Other operating income

24

(67,429)

(57,982)

24

(5,046)

(4,398)

25

46,093

31,486

Profit before Levy and Taxation

Levy / final taxation

62,608

211,826

Profit before Taxation

Taxation

Net Profit for the Year

28,896

205,025

Earnings per share - Basic Earnings per share - Diluted

27

(31,401)

(4,986)

28

0.18

1.30

28

0.18

1.28

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED DECEMBER 31, 2025

2025

2024

------Rupees in Thousands----

28,896

205,025

Items that will not be re-classified subsequently to profit or loss

Items that may be re-classified subsequently to profit or loss

Exchange difference on translating foreign operations

-

-

(3,823)

(3,823)

-

-

4,226

4,226

‌OCTOPUS DIGITAL LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED DECEMBER 31, 2025

Issued, Subscribed and Paid up Share Capital

Capital Reserve

Revenue Reserve

Total

Group Restructuring Reserve

Employees' Share Compensation Reserve

Exchange Revaluation Reserve

Share Premium

Unappropriated Profit

------Rupees in Thousands----

Balance as at January 01, 2024

1,572,625

(1,050,259)

9,263

-

789,209

1,140,983

2,461,821

Net profit for the year

-

-

-

-

-

205,025

205,025

Other comprehensive income for the year

-

-

-

-

-

-

-

Total comprehensive income for the year

-

-

-

-

-

205,025

205,025

-

-

-

4,226

-

-

4,226

-

-

28,216

-

-

-

28,216

Balance as at December 31, 2024

1,572,625

(1,050,259)

37,479

4,226

789,209

1,346,008

2,699,288

Adjustment due to acquisition of subsidiary

-

-

-

-

-

-

-

Net profit for the year

-

-

-

-

-

28,896

28,896

Other comprehensive income for the year

-

-

-

-

-

-

-

Total comprehensive income for the year

-

-

-

-

-

28,896

28,896

-

-

-

(3,823)

-

-

(3,823)

Employee share option reserve

Balance as at December 31, 2025

-

-

40,386

-

-

-

40,386

1,572,625

(1,050,259)

77,865

403

789,209

1,374,904

2,764,747

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before levy and taxation

62,608

211,826

Adjustments for:

- Depreciation on operating fixed assets

15,504

12,652

- Amortization on intangible assets

47,129

42,608

- Allowance for expected credit losses - trade debts

1,223

830

- Allowance for expected credit losses - contract asset

5,342

329

- Allowance for expected credit losses - related party

53,389

23,105

- Contract asset written off

2,524

-

- Employees' share option reserve

48,879

28,216

- Dividend income from other financial assets

(53)

(1,094)

- Exchange (gain) / loss - net

(8,294)

32,945

- Markup expense on loan from Parent Group

1,592

-

- Markup income on loan to Parent Group

(19,318)

(14,416)

- Foreign operation translation reserve

(3,823)

4,226

- Remission of liabilities

(15,774)

(10,607)

- Profit on savings accounts

(343)

655

- Reversal of provision for expected credit loss

-

(3,125)

- Finance cost

5,046

4,398

133,023

120,722

Operating profit before working capital changes

195,631

332,548

(Increase) / decrease in current assets:

- Stock in trade

(146)

624

- Trade debts

77,545

56,904

- Contract assets

73,090

(101,453)

- Advances, prepayments and other receivables

3,270

(117,807)

(Decrease) / Increase in current liabilities:

- Creditors, accrued and other liabilities

(17,476)

59,727

- Contract liabilities

60,722

22,829

197,005

(79,176)

Cash Generated from Operations

392,636

253,372

Finance cost paid

(5,046)

(4,398)

Income tax paid

(31,620)

(7,619)

Net Cash Generated from Operating Activities

355,970

241,355

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(6,575)

(14,263)

Addition in intangible asset

(265,574)

(258,221)

Short term investment - net

15

10,674

Net Cash Used in Investing Activities

(272,134)

(261,810)

CASH FLOWS FROM FINANCING ACTIVITIES

Long term diminishing musharaka repaid

(6,751)

(2,845)

Long term diminishing musharaka obtained

-

6,425

Net Cash Generated from Financing Activities

(6,751)

3,580

Net (Decrease) / Increase in Cash and Cash Equivalents

77,085

(16,875)

Cash and cash equivalents at the beginning of the year

21,528

38,403

Cash and Cash Equivalents at the End of the Year

98,613

21,528

The annexed notes from 1 to 40 form an integral part of these consolidated financial statements.