Financial Results for the Half Year Ended December 31, 2025

‌CONTENT

1. Vision and Mission Statement

2. Corporate Information

3. Director's Report

4. Statement of Financial Position

5. Statement of Profit and Loss

6. Statement of Cash Flows

7. Statement of Comprehensive Income

8. Statement of Change in Equity

9. Notes to the Financial Statements

‌OUR MISSION

Our Mission is, to satisfy and meet the needs of our customers, providing our products and services with the quality catering their needs and preferences and to create value for our stakeholders through our values and principles. We are determined to respond to customer need with value added products and services. It is our belief that we can fulfill this mission through a unique combination of vision, effective supply chain management and innovative technology.

‌VISION STATEMENT

To be innovative, effective and efficient in our field to the benefit of society, we will fairly compete in quality, technology, sales and marketing expertise, while ensuring sound financial and sustainable growth of the Company for the sake of its stakeholders and reputation.

Suit 1705 - A. 17th Floor, I.I Chundrigar Rd, Saddar Karachi

Dear Shareholders,

On behalf of the Board of Directors, we are pleased to present the 2nd Quarter/Half-yearly reviewed Financial Statements of M/s., Oilboy Energy Limited ("The Company"), for the period ended December 31, 2025.

The financial highlights of the Company for the 2nd Quarter/Half-year ended December 31st, 2025, in comparison with the corresponding period of previous year are as follows: -

During the period from July-Dec 2024, the revenue of the Company increased by almost 48% as compared to corresponding period of the previous year.

The company is aiming to increase revenue to certain point where fixed cost per unit is reduced to minimum.

The Board of Directors of the Company in their meeting held on December 27, 2024 has decided to increase the paid-up share capital of the Company by issue of further 25,000,000 ordinary shares at per value of Rs. 10/- announced 100% right issue

The Company is in the process of repositioning itself into the oil trading business. However, during the financial year 2024-25, the Company's operational activities remained largely stagnant.

The Board of Directors and Management remain fully aware of the challenges faced by the Company and continue to take appropriate measures to address them. The Company regularly reviews and realigns its business strategies to capitalize on emerging opportunities while mitigating prevailing risks and challenges.

In line with this strategic direction, the Company has prioritized diversification to reduce concentration risk and is actively exploring alternative revenue streams with the objective of enhancing long-term shareholder value.

Ms. Fatima Jamil

Chief Executive Officer Director

February 27, 2026

‌C H A R T E R E D A C C 0 U N T A NJ T S

INDEPENDENT AUDITOR'S REVIEW REPORT

To the members of OILBOY ENERGY LIMITED

Report on Review of the Condensed Interim Financial Statements Introduction

We have reviewed the accompanying condensed interim statement of financial position of Oilboy Energy Limited ("the Company") as at December 31, 2025 and the related condensed interim sta ment of profit or loss and condensed interim statement of comprehensive income, condensed interim statement of changes in equity, condensed interim statement of cash flows and notes to the financial statements for the half year then ended (here-in after referred to as the "condensed interim financial statements"). Management is responsible low the preparation and presentafion of these condensed 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 condensed 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 Audi'bug 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 condensed interim financial statements are not prepared, in all material respects, in accordance with the accounting andreporting standards as applicable in Pakistan for interim financial reporting.

Other Matter

Pursuant to the requirement of Section M7 (1) (b) of the Companies Act, 2017, only cumulative figures for the half year, 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 three-month period ended December 31, 2025 and December 31, 2024 have not been reviewed by us.

The engagement partner on the review resulting in this independent auditor's report is Mr. Yasir Riaz.

Lahore.

Date: March 03, 2026

UDIN: RR2025l0200UTmSQfwlZ

Head Olfice: 415, Block B, Faisal Town, Lahore. Ph: 042-35218637-40 Email: info@iy.com.pk Web: https://www.iy.com.pk

• Lahore ■ Islamabad • Karachi ■ Faisalabad

OILBOY ENERGY LIMITED

CONDENSEo inns STATEMENT OF FINANCIAL POSITION US-AUDITED AS AT DECEMEBER 31, 2025

Note

ASSETS

Non,;current assets Property and equipment Intangible assets

Loñg term security deposits Deferred tax asset

Short-term investments Stock in trade

Trade receivables Advances

Tax refunds due from government Cash and bank balances

Total assets

EQUITY AND LIABILITIES

Share capital and reserves Authorized share capital

160,000,000 Ordinary shares of Rs.10 each. Issued, subscribed and paid up share capital Share deposit money

Accumulated losses

Non-current liabilities

Deferred liability - net staff gratuity Current liabilities

Due to related parties

s

15,382,501

277,826,214 142,965,b85

293,208,715* 158,931,575

1,600,000,000 " 00 0

7

261,044,069 93,459,399

2,746,070 2,014,200

The annexed notes from l to 15 form an integral part of these condensed interim financial statements.

OILBOY ENERGY LIMITED

FOIt THE HALF YEAlt AND QUARTER ENDED DECEMBEn 31, 2025

CONDENSED INTEIlI)'tj STATEMENT OF PROFIT AND LOSS (UN-AUDITED

Sales - net

Cost of sales Gross profit

The annexed notes from 1 to 15 form an integral part of these condensed interim financial statements.

ron THE HALF YEAR AND QUanvEit ENDEEt DECEh4BEIt31, 2025

CONDENSED INTERIM STATEMENT OF COMPREHE5/SIVE IAICOME UN-AUDITED

OJLBOV ENEAGV LIMITED

-

Rupees

Profit/ (loss) after taxation

Other comprehensive income for the period

733,700 (13,767,928) 1,630,326

Total comprehensive loss for the period 733,700 {13,767,928) 1,630,326 t2,437,éG

DtfPCtO£

The annexed notes from 1 to 15 form anintegral part of these condensed interim financial .statements.

The annexed notes from 1 to 15 form an integral part of these condensed interim financial statements.

Cash flows from operating activities Profit / (loss) before levy and taxation Adjustments for:

• depreciation on property and equipment

• amortization OH tangible assets

• depreciation on right of use assets

• notional gain on un-winding of lOng term security deposits gain on remeasurement of investment classified as rvrrL

• gain on termination of lease

• deferred liability - net staff gratuity

• finance cost

• workers' welfare fund expense

Operating profit / ({OSSJ { working capital changes Effect of working capital changes

(jnaease)/decrease in cuzzent assets Stock in trade

Trade receivables

Advances

(Decrease)/Increase in current liabilities Trade and other payables

Due to related parties

Cash used in operations Income taxes paid

Long term security deposit

Finance cost paid

Net cash outflows from operating activities Cash f1e-.'s frown Investing acfivities

Net cash outflows from Investing activities Cash flows from financing activities

Lease rental payments made during the period

Receipts from issuance of right shares

5.1

2,389,615 (11,324,031)

1,382,174 1,297,899

3,771,789 (10,026,132)

(136,197,577j (19,697,121)

(29,641,231)

(4,468,564)

8,290,840

14,096,980

(34,109,795) 22,387,820

(166,535,583) (7,335,433)

(1,109,046) 1,764,057

(167,G44,629) (5,571,376)

1. Legal status and its operation

   Oilboy Energy Limited ("the Company") was incorporated on June 28, 1993 under the repealed Companies Ordinance, 1984 (now the Companies Act, 2017) as a private limited company in Pakistan and subsequently converted into public limited company as on June 29, 1994. The Company's shares are traded on Pakistan Stock Exchange. The registered office of the Company is situated at 5-A/l, Gulberg Ifl, off M.M. Alam road, Lahore. The Company is primarily engaged in the trading of energy, petrochemicals, and lubricant-related supplies.

   Geographical location and addresses of all business units and offices are as follows:

   Luo Geo a hi a A e B iness Un

   ‹5-A/l, Gulberg III, Off M.M. Alam Road, Lahore | Registered office / Head office 142Km LHR-SKP-SGD Road, Sheikhupura , Sheikhupura Petrol Pump Site lRaza Road, Same Nala, Bypass Road, Sheikhupura Sheikhupura Coal Yard

   1. Pursuant to the right shares issued in the previous year, the Company issued a 100 % right issue amounting to Rs. 250 million to strengthen its capital base and to finance a proposed waste-to-energy project.

      However, due to implementation and feasibility issues, management revised its business plan. As a result, the

      Company changed the pmpose of utilization of the proceeds from the right issue. Instead of investing in the proposed project, the funds were used for the purchase and trading of coal. The Company now plans to expand its

      coal trading business in line with its revised strategy onEOGM.

2. Bas••

   of preparation
   
   
   1. Basis of measurement
      
      

      These condensed interim financial statements comprise the condensed interim statement of financial position of the Company, as at 31 December 2025 and the related condensed interim statement of profit and loss, condensed interim statement of comprehensive income, condensed interim statement of changes in equity and condensed interim statement of cash flows together with the notes forming part thereof.

      These condensed interim financial statements of the Company for the half year ended December 31, 2025 are unaudited but subject to limited scope review by the statutory auditors, are being submitted to the shareholders as required under section 237 of the Companies Act, 2017.

      These condensed interim financial statements have been presented in condensed form and do not include all the information and disclosures as required to be provided in a full set of annual financial statements. These interim financial statements should be read in conjunction with the annual audited financial statements of the Company for the year ended June 30, 2025.

      Comparative statement of financial position numbers are extracted from the annual audited financial statements of the Company for the year ended June 30, 2025, whereas comparatives of condensed interim statement of profit or loss, statement of comprehensive income, statement of changes in equity and statement of cash flows are stated from unaudited condensed interim financial statements of the Company for the six months period ended 31 December 2024.

   2. Statement of compliance
      
      

      These condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards 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; 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 requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.

      
      
      
      
      
      
      

   3. Functional and presentation currency

      These condensed interim financial statements have been prepared in Pakistani Rupees (PKR), which is the Company's functional and presentational currency.

3. Use of judgments, estimates and assumptions
   
   

   The preparation of the condensed interim financial statements require management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.

   The significant judgements made by the management in applying the Company's accounting policies and the key sources of estimation uncertainty were the same as those applied to the annual audited financial statements for the year ended June 30, 2025.

4. Summary of material accounting policies

   1. Statement of consistency in

      accounting policies
      
      

The accounting policies adopted in the preparation of these condensed interim financial statements are the same as those applied in the preparation of audited financial statements for the year ended June 30, 2025.

4J New standards, amendments to approved accounting standards and new interpretations

4J.1 Amendments to approved accounting standards which are effective during the year ending June 30, 2026

There are certain amendments to approved accounting standards which are mandatory for accounting periods ending on June 30, 2026 but are considered not to be relevant or have any significant effect on the Company's financial reporting and therefore, have not been disclosed in these condensed interim financial statements.

4J.2New standards and amendments to approved accounting standards that are effective for the Company's accounHng periods beginning on or after July 01, 2026

There are certain amendments to the accounting and reporting standards that will be mandatory for the Company's annual accounting periods beginning on or after July 01, 2026. However, these amendments will not have any significant impact on the financial reporting of the Company and, therefore, have not been disclosed in these condensed interim financial statements.

Note

S Property and equipment

Operating fixed assets

5.1 Operating fixed assets Opening written down value

Transfer from capital work in progress during the period / year Addition during the period / year

Depreciation charge for the period / year Closing written down value

1. Cash and bank balances Cash in hand

   Balances withbanks in current accounts

2. Issued, subscribed and paid up share capital

   
   
   

   11,746,840	8,862,155
   	3,450,000
   10,000	218,270
   (418,768)	83,585

   11,338,072		11,746,840
   11,338,072		11,746,840
   6,017		6,345
   2,401445		3,194,776
   2,407,462	_	3,201,121

   5.1 11,338,072

   11,746,840

   
   
   
   
   

   Ordinary shares of Rs. 10 each.
   - Fully paid in cash	50,000,000	25,000,000	500,000,000	250,000,000
   	5B,000,D00	25,000,0g0	500,000,000	250,000,000

3. Contingencies and commitments

   1. Contingencies

      There is no significant change in contingencies from the preceding annual published financial statements of the Company for the year ended June 30, 2025.

   2. Commitments

      There are no

4. Sales

Sale of coal

Sale of petroleum products Sales tax

Discount Sales - net

of the Company as at the reporting date (As at June 30, 2025: Nil).

102,594,662 _201,459,348 56,200,356 106,201,597

IO Cost of sales

Cost of coal sold

Cost of petroleum products sold Salaries and other benefits

Rates and taxes Entertainment expenses Utilities

Repair and maintenance

Travelling and conveyance Depreciation on right of use assets

Depreciation on property and equipment Amortization on intangible assets Miscellaneous expenses

1. Profit / (loss) per share - basic and diluted

   Profit/(Loss) for the period after levy and taxation Weighted average number of ordinary shares

   66,318,549	26,634,490	43,763,797	26,634,490
   16,431,088	166,359,978	50,763	73,929,852
   2,001,601	2,881,169	1,243,838	1,290,778
   1,782,042	734,359	1,159,142	734,3S9
   166,950	338,815	48,300	100,407
   316,841	1,617,174		734,352
   49,885	220,376		128,114
   6,082	62,600	2,000	32,682
   	1,829,312		914,657
   366,008	294,852	364,116	158,717
   33,350	28,681	33,350	12,006
   	183,383		183,383

   87,472,396 201,185,189 46,665,306 104,853,797

   733,700	(13,767,928)	1,630,326	(2,437,4B)
   50,000,000	25,000,000	50,000,000	25,000,000

   Profit / (loss) per share (Rupees) 0.01 (o.ss) o.o3 (0.10)

   1. There is no dilutive effect on the basic earnings per share of the Company.

2. Financial Risk Management

   H1 financial Risk Factors

   The Company's activities expose it to a variety of financial risks: market risk (including currency risk, other price risk and interest rate risk), credit risk and liquidity risk.

   The condensed interim financial statements do not include all financial risk management information and disclosures required in the annual financial statements, and should be read in conjunction with the Company's annual financial statements as at June 30, 2025.

   There have been no changes in the risk management department or in any risk management policies since the year ended June 30, 2025.

   1. Fair Value Estimation

      During the period, there were no significant changes in the business or economic circumstances that affect the fair value of the Company's financial assets and financial liabilities. Furthermore, there were rio reclassifications of financial assets.

3. Transactions with related parties

   The related parties comprise of major shareholder, associated undertakings, entities under common directorship and key management personnel.

   Significant transactions with related parties are as follows:

   Opening balance payable

   Expenses incurred during the period/year Repayments made during the period/year Payments received during the period/year

   Closing balance (receivable) / payable

   4,468,564

   2,220,975

   M/s. Oilboy (Private) Limited -significant shareholding and Common directorship

   (4Z,243,746)

   (37y208 050) 64

   The maximtirtt aggregate balance at the end of any mortth during the period was Rs. 37.20 million (As at June 30, 2025: Rs. 46 million)

   
   
   
   
   
   
   

   OILBOY ENERGY LIMITED

   NOTESTOTHECONDEN�ED 'NT R M•• NA ' . • - - -..·T � .• • "·- ·, .. � . ·- - -

   QUARTER ENDED DECEMBER 3J;2025

   FOR THE HALF.YEAR AN I E I FI NCIAL STATEMENTS (UN-AUDITED) ' .J

   •

   •

   ·

   · f'ts t

   be

   th

   Chi f Ex

   e ecutive' executives and fuJI time

   1. The aggregat.e amount charged t•n the financ1•al statements for the period for remuneration, mcludmg certain ne 1 , 0 e

      r---=----

      • working Directors of the Company are as follows:

        Name ofthe

        related party

        Nature of relationship

        July 01 to

        Un-audited

        DJuly 01 to

        ecember 31,

        D

        ecember 31,

        Un-audited

        2024

        2025 Ru ees

        Chief Executive Key management personnel Salaries and other benefits

        3,600,000 3,600,000

        These condensed interim financial statements have been approved and authorized for issue on

        Other executives

        Key management personnel

        Date ofauthorization for issue

4. Salaries and other benefits 1,,140,000 2,300,000

the Board of Directors of the company.

1:. General

� J�! Jf8 2025 by

immediately preceding financial year.

In order to comply with the requirements of IAS 34, the condensed interim statement of financial position has been compared with the balances of annual audited financial statements of preceding financial year, whereas, the 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 have been compared with the balances of comparable period of

Chief Financial Officer.