Transmission of Quarterly Report for the Period Ended September 30, 2025

1st Quarter Accounts September 30, 2025

CONTENT

1. Vision and Mission Statement

2. Corporate Information

3. Director's Report

4. Unaudited Statement of Financial Position

5. Unaudited Statement of Profit and Loss

6. Unaudited Statement of Cash Flows

7. Unaudited 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.

Principle

We will base our human resources systems on our proven principles reflective of our core values and our commitment to attract, reward, develop and motivate sophisticated people. They will reflect the global scope of our business while demonstrating responsibility and flexibility with respect to cultural diversity, and statutory and regional business realities.

Emphasis

To be innovative 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.

Social Responsibility

We will continually strive to be environmentally responsible and support the communities where we operate and the industries in which we participate.

Corporate Values

• Total Customer Services

• Long-Term Business Focus

• Technology Oriented

• Quality & Reliability

• Staff Development & Teamwork

• Effective Resources & Cost Management

• Corporate Responsibility

Company Information

Board of Directors

1. Mr. Farhan Abbas Sheikh Chairman

2. Ms. Fatimah Jamil Chief Executive Officer/ Executive Director

3. Mr. Naeem Ali Malik Non-Executive Director

4. Mr. Saad Liaquat Independent Director

5. Mr. Muhammad Shaffat Non-Executive Director

6. Mr. Muhammad Usman Shakuat Independent Director

7. Ms. Farkhanda Abbas Non-Executive Director

Board Audit Committee

Mr. Saad Liaquat Chairman

Mr. Farhan Abbas Sheikh Member

Mr. Muhammad Shaffat Member

Ms. Inam Ullah Secretary

Human Resource and Remuneration Committee

Mr. Saad Liaquat Chairman

Mr. Farhan Abbas Sheikh Member

Mr. Naeem Ali Malik Member

Mr. Inam Ullah Secretary

Company Secretary Inam Ullah Legal Advisor Zulfiqar Ahmed, Advocate High Court Head of Internal Auditor Ms. Hina Kashif Auditors M/s Iqbal Yasir & Co, Chartered Accountants Registrar F.D REGISTRAR (Pvt) Limited

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

Registered Office 5-A/1, Off: M.M. Alam Road, Gulberg-III, Lahore

Directors' report

The Directors are pleased to present the un-audited Financial Statements of the Company for the three months' period ending on September 30, 2025.

The sale and purchase of oil products at all the above sites has been started and the Company has started generating the revenues and the Management is confident for better return for the investors/shareholders of the Company in future.

WEB PRESENCE

Company's periodic financial statements for the current period including quarterly reports for the last three years are available on the Company's website for information of the investors. On behalf of Board of Directors of the company, I am thankful to all worthy shareholders and staff members of the company for their untiring efforts for the betterment of the company. 1st Quarter Ended Report-Sep. 30, 2025.

ACKNOWLEDGEMENTS

We wish to place on record gratitude to our valued customers for their confidence in our products and we pledge ourselves to provide them the best quality by continuously improving our products. We would also like to thank all our colleagues, management and staffs who are strongly committed to their work as the success of your Company is built around their efforts. We also thank our shareholders for their confidence in the Company and assure them that we are committed to do our best to ensure best rewards for their investment in the Company.

For and on Behalf of the Board of Directors

Director Ms. Fatima Jamil Dated: January 21, 2026 Chief Executive Officer Lahore

Oil boy Energy L irnited

OILBOY ENERGY LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2025

Note

Un-Audited Audited

Sept 30 Jun 30

2025 2025

--(Rupees)----

Deferred Cost

2,256,068 2,256,068

15,889,245 15,965,890

TOTAL ASSETS

EQUITY AND LIABILITIES

Share capital and reserve Authorized share capital

25,000,000 (2025: 25,000,000) ordinary shares of Rs. 10 each/-

272,637,416 158,931,575

250,000,000 250,00O,OOO

TOTAL EQUITY AND LIABILITIES 272,637,416 158,931,575

The annexed notes from 1 to 33 form an integra! part of these financial statem ents.

CHIEF EC UTIVE OFFICER DIRECTOR

Page 1 of I

CHIEF FINAN CIAL OFFICER

Oilboy Energy Liiriied

OILBOY ENERGY LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE PERIOD ENDED SEPTEMBER 30, 2025

Un-Audited

Sept 30

2025

Un-Audited

Sept 30

2024

Note ----(Rupees)•---

The annexed notes from 1 to 33 form an integra! part of these financial statements.

CHIEF EC UTIVE OFFICER

Page 2 of 14

CHIEF FINANCIAL OFFICER

Oilboy Ener•y Limiteb

OILBOY ENERGY LIMITED

CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED SEPTEMBER 30, 2025

Un-Audited Un-Audited

Sept 30 Sept 30

2025 2024

----(Rupees)----

Loss after taxation

Othe comprehensive income

Total comprehensive loss for the year

(887,914)

(897,914)

(11,350,464)

(11,330,464)

The annexed notes from 1 to 33 form an integral part of these financial statements.

CHIEF EX CUTIVE OFFICEI

CHIEF FINANCIAL OFFICER

Oilboy Energy Lilr ited

QILBOY ENERGY LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED SEPTEMBER 30, 2025

The annexed notes from 1 o 33 form an integral part of these financial statements

CHIEF CUTIVE OFFICER

CHIEF FINANCIAL OFFICER

OILBOY ENERGY LIMITED

CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE PERIOD ENDED SEPTEMBER 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Loss before taxation

Adjustments for non cash and other items: Depreciation on property and equipment Amortization on intangible assets

Amortization of deferred cost Notional interest on lease liabilities

Notional gain on un-winding of long term security deposits

(Loss) before working capitaI changes Decrease / (increase) in current assets:

Short-term investments Stock in trade

Trade and other receivables Right of use of Assets

Advances deposits and prepayments Tax refund due from the Government

(Decrease) / increase in current liabilities:

Trade and other payables

Cash inflow from operating activities:

Taxes paid

Net cash (used in) / generated from operating activities CASH FLOWS FRON INVESTING ACTIVITY

Capital Work in Progress-CWlP

Net cash generated from / (used in) investing activities

CASH FLOWS FROM FINANCING ACTIVITY

Share deposit money

Lease rental payments made

Increase / (decrease) in current account with related parties Net cash generated from / (used in) financing activities

Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at'the end of the year

Un-Audited Un-Audited

Sept 30 Sept 30

2025 2024

---(Rupees)----

(466,336) (10,761, 031)

86,310 2,803,746 (380,026) (7,957 285)

13

5,770,444

914,655

5,305,504

5,036,237

1,510,642 17,026,853

(64,480) (351,520)

1,066,136 8,718,048

155,223,350 -

- (2,025 000

(3,901,432) 5,090,509

151,321,918 3,065,509

152,388,054 11,783,557

3,201,121 12,653,135

14 155,589,175 24,436,692

The annexeo notes from 1 to 33 form an integral part of these financial statements.

CHIEF E CUTIVE OFFlCER

CHIEF FINANCIAL OFFICER

Oilboy Energy Limited

OILBOY ENERGY LIMITED

CONDENSED NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED SEPTEMBER 30, 2025

THE COMPANY AND iTS OPERATIONS

Oilboy Energy Limited (Formerly: Drekkar Kingsway Limited) (the Company) was registered on June 28, 1993 under the repealed Companies Ordinance, 1984 (now the Companies Act, 2017) as a private limited company and subsequently converted into public limited company as on June 29, 1994. The shares of the Company are quoted on Pakistan Stock Exchange Limited (PSX). The primary business of the Company was manufacturing of all types of electrical appliances, cosmetics, toiletries, leather goods, machinery, components and parts. The Company changed its principal line of business from consultancy and advisory services to trading of fuel and energy supplies business in accordance with special resolution passed by the members on October 22, 2021. The registered Head office of the company is situated at

5A/1 Gulberg III, Lahore.

1.1 The Company incurred toss after taxation during the period in the sum of Rs. 0.897 million (2025: Rs. 11.330 million) as well as the accumulated loss of the company at the reporting date stood at Rs. 249.219 million (2025: Rs.238.689 million) along with positive equity of Rs.248.152 million (June 30, 2025: of Rs. 93.459 million).

1. BASIS OF PREPARATION

   1. Statement of compliance

      These condensed interim financial statements are unaudited and has been prepared with the requirement of IAS 34 (Interim Financial Reporting). This condensed interim financial information does not include all the information required for annual financial statements and therefore should be read in conjunction with the annua! financial statements of the company for the year ended June 30, 2025 which have been prepared in accordance with IFRS.

   2. The preparation of these condensed interim financial information requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expense. Actual results may differ from these estimates. In preparing this condensed interim financial information, the significant judgments made by the management in applying accounting policies and key sources of estimation were the same as those that were applied to the financial statements for the year ended June 30, 2025.

3 SIGNIFICANT ACCOUNTING POLICIES

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

PROPERTY AND EQUIPMEN T

As at Sept to 2025

Operating fixed assets- owned

Year Ended Se tember 30 2026

Sep1 30 20z5

11,718,693

Accumulated Depreciation

Audited

J un 30

2V2s

11,746,640

Net Book

As at

Additions Disposals As at

For the Year

As at

Value as at

year ended June 30, 2025

Particulars

As at

Additions Disposads

As al

Rate

As at

Accumulated Depreciation For the Year

As at

Net Boog Value as at

during the during fhc

June 40, 2025

0eprec1ation

Impairment

loss charged June 30. 2025 for The year

June 30, 202S

Furniture and Fixlure Office Equipment

330.669

330,T69 46

818.070 10

57.599

04,060

d0,946

61,851

98,54'2

702,169

Lease Hold lmprovments Total

11,68s,541 7%

9,06s,910 3.668,27O -

92,1o6

680, 7eB

772, 094

10,812,647

203,76$

987,340

41,7d6,840

TI*e deJri cvai ti cn cliar gc for the i'eai' has beeii u11ocatciI as toII o»s:

Un-Audited Sept 30 2O25

Cost of revenue

26.255

I ,89/

jG,20!*

28,t47

Page 7 of Id

6 Intangible assets - Definite usefuI life

Reconciliation of the carrviny amounts at the beginnin_ and end of the vear is as follows

Intangible aseets - Definite useful life

Reconciliation of the carrving amounts at the beinning and end of the year is as follows:

Opening net book value

.'Additions during the year Amortization for the year

Net book value - June 30, 20 25

Cost

Accumulated amortization

Net book value - June 30, 20*ñ Rate of amoi'tization

2. 040,347

f280.15'2)

.760.195

2,3'72,53T

(61*.34*)

LT60. L95

T% -200/

6.10 The amortization charge for the year has been allocated as follows:

Administrative expenses Cost of revenue

Un-Audited Sept 30

2025

58,164

58,164

LONG TERM 5ECURITY DEPOSIT S

Face value of security deposits

Less: cummulative cost arising on initial

‹ecognition dPerred oyer be lease term

Add: income recognised in profit or loss on unwinding of present value adjustment

2,500,000 2 00,000

(2 y97 213) (2.297 213)

202,787 202,787

9.666

212,453 202 T87

These deposits are classified and carried as 'financial assets at amortized cost' using the effective interest rate method (ElR) under IFRS 9. These represent unsecured and interest free deposits paid to the landlords in respect of leased land for petrol pump in Sheikhupura and a running petrol pump in Multan under lease contracts and are considered good by the management. These are refundable on termination of related lease contracts at end of lease term, future cash flows recoverable from parties against these deposits amounts to actual paid amount of Rs. 4.5 million. These do not carry any significant credit risk, accordingly, no loss allowance has been made. Effective interest rates used to discount future cash flows to calculated amortized cost ranges from 20.29% - 24.54% (KIBOR +2.5% risk spread at the dale o5 initial recognition).

1. DEFERRED COST

   Opening

   Recognised during the year Unwinding during the peat ad

   Security deposit derecognized during the year

   Current portion of deferred cost

   2,297,213 4, 685, 686

   (9,666) (85,86 0)

   (2.502.613)

   2,287,547 2.297.213

   (31.479) t41.145 2,256,068 2,256 068

   This represents difference between the fair value at initial recognition and the transaction price of long term security deposits.

2. SHORT TERM INVESTMENTS

   At Fair value Through Profit or Loss (FVTPL)

   No. of

   shares

   Farva eI

   Shae

   First Paramount Modaraba	62	12.27	761	601
   "he Searle Company limited	3	117.20	352	263
   Ghani Chemicai industries Limited		32.17	1,898	1,46T
   (Previously it was Service Fabrics Limited 2022: 198 S hares)

   3Q11 2331

   Fair values of these investments are determined using quoted market / repurchase price.

3. TRADE AND OTHER RECIE/ABLES

Trade Recievables

34,545.589 45.722.839

34.5d5,589 45,722,839

42 233 271 46 747 774

0 iIboy Ex erp'y Lim ired

1. ISSUED, SUBSCRIBED AND PAID UP CAPITAL

   2025 2025

   Numder of shares

   2S, 000, 000 26, 000, 000

   155,589,176 3,201.121

   250 0Q.000 250,000,000

   Ordinary s dares of Rs. 10/- each issued

   25,000, 000 25, 000, 00 0

   250,000,000 250.000, 000

2. LEASE LT/ABILITIES

Present value of minimum lease payments against right of use asset

Reconciliation:

Odboy En ergy brnai ied

1. Other Expenses

   Worker's Welfare Fund

   Remeasurement of investment classified as FVTPL

   1,290

   7, 030

   13

   1,290 .043

   
   
   

2. OUer Income

   Notional gain on un-winding of long term security deposits Remeasurement of investment classified as FVTPL

3. Levies Current tax:

   • Charge for the year

4. TAXATION

   Deferred tax expense charged to Profit and Loss

   • Charge for the year

5. REMUNERATION OF CHIEF EXECUTIVE OFFICER, DIRECTORS AND EXECUTIVES

   Nature No. of persons at Sep 2025

   
   
   

   Chief Executives Oñcer Remenuration

   
   
   

   Directors Remenuration

   
   
   

   Executives Remenuration

6. TRANSACTIONS W|TH RELATED PARTIOS

   Un-Audited Un-Audited

   Sept 3o Sept 3o

   2025 2024

   •--(Rupees)----

   
   
   

   9,667

   680

   10,347 33.155

   64,480 351.520

   217,913

   $67,0gg

   367,098 217,913

   fi,80O,000 4, 080,000

   670,000 4,200,000

   - 4,500,000

   The related parties comprise of associated companies/undertakings, airectors of the Company and key management personnel. Remuneration of key management personnel is dfscTosed in note 27 to these financial statements. Details of transactions with related parties during the year other than those which have been disclosed elsewhere in these financial statements

   Un-Audited Audited

   Name of related party

   Key Management Personnel: Mr. Farhan Abbas

   Ms. Fatimah Jamil

   Nature of relationship Transaction Detaits Director & and S hares issued against loan

   shareholder o nt paid by the company

   Chief Executive Officer Remuneration paid during

   Sept 30

   2025

   ---•(R upees)•---

   Jun 30

   2025

   Mr. Abdul Goaffar

   Mr. Muneeb Ahmed Klan

   Mls. Oilboy (Private) Limited

   & Shareholder the year by the Company

   Remuneration paid during the year by the Company	5?0,000	2,280,000
   Remuneration paid during the year by the Company	-	4 , 60, 0 0 0

   Executive Director Executive Director

   Common Directorship Expenses paid by the related

   party on behalf of Company

   Amount received during the

   year by the Company

   Amount Paid during the year

   dy tne Company Purchases made dy the Company

   Sales made by the Company

   1,800,000 7,200, 0 0 0

   181,110 374,862

   . 74, 236, 278

   1,422,530

   24,532,200

   0i1box' Energ›' tilt ited

7. FINANCIAL RISK MANAGEMENT

   The Company finances its operations through equity, borrowings and management of working capital with a view to obtain a reasonable mix between various sources of finance to minimize the risk.

   The Company's activities expose it to a variety of financial risks: market risk (including currency risk, cash flow interest rate risk, other market price risk), credit risk and liquidity risk. The Company's overall risk management program focuses on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company's financial performance.

   The Company consistently manage its exposure to financial risk in matter described in the noted below.

   1. MARKET RISK

      Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in foreign currency, interest rate, commodity price and equity price that will affect the Company's income or the value of its holdings of financial instruments.

      1. CURRENCY RISK

         Currency risk is the risk that the fair value or future cash flows of a financial instrument will Iuctuate because of changes in foreig n exchange rates. Currency risk arises mainly from future commercial transactions or receivables and oayables that exist due to transactions in foreign currencies. As there are no foreign receivables / payables of the Company, it is not exposed to any currency risk.

      2. INTEREST RATE RISK

         This represents the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

         The Company analyses its interest rate exposure on a dynamic basis taking into consideration the option of obtaining refinancing. The Company has no significant interest-bearing assets.

      3. PRICE RISK

         Price risk reoresents the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer, or factors affecting all similar financial instrument traded in the market,

   2. CREDIT RISK

Credit risk represents the risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. Carrying amounts of financial assets represent the maximum credit exposure.

The management assesses the credit quality of the customers, taking into account their financial position, past experience and other factors. Individual risk limits are set based on internal or external ratings in accordance with limits set by the Board. The utilization of credit limits is regularly monitored. For banks and financial institutions, only independently rated parties with a strong credit rating are accepted.

1. LOSS PERSHARE -BASICAND DILUTED

   Net loss for the year attributable to ordinary shareholders Weig hted average number of ordinary shares

   Loss per Share

   Rupees Number Rupees

   Un-Audited Un-Audited

   Sept 30 Sep 30,

   2025 2024

   ----(Rupees)----

   (897,914) (11,330,464)

   25,000,000 9,634,274

   (0.04) (1.18)

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

      
      
      

2. NUMBER OF EMPLOYEES

   Number of employees as at June 30,

   • Permanent

   • Contractual

     Average number of employees during the year

   • Permanent

   • Contractual

   Un-Audited Audited

   Sept 30 Jun 30

   2025 2025

   ----(Rupees)----

   7 8

   12 24

   7 8

   
   
   

   17

3. AUTHORIZATION OF FINANCIA L. STATEMENTS

   These condensed interim financial statements were app owed and authorized for issue on January 19, 2026 by the Board of Directors of the Company.

4. GENERAL

Corresponding fig ures have been re-arranged / reclassified, wherever necessary, to facilitate comparison. No material re-arrangements / reclassifications have been made in these financial statements.

CHIE CUTIVE OFFICER

CHIEF FINANCIA OF I ER