Transmission of 3rd Quarterly Report for the Period Ended 30-09-2025

PAK ELEKTRON LIMITED 3rd QUARTER REPORT (Un-Audited) 30-09-2025

COMPANY INFORMATION

Board of Directors

Mr. M. Naseem Saigol Chairman - Non Executive

Mr. Muhammad Murad Saigol Chief Executive Officer - Executive/Certified (DTP) Mr. Muhammad Zeid Yousuf Saigol Director - Executive/Certified (DTP)

Syed Manzar Hassan Director - Executive/Certified (DTP)

Mr. Muhammad Omer Farooq Director - Non Executive/Certified (DTP) Mrs. Sadaf Kashif Director - Independent/Certified (DTP) Mr. Muhammad Kamran Saleem Director - Independent/Certified (DTP)

Mr. Javed Siddique Director - NBP Nominee U/S 164 of the Act / Non Executive

Audit Committee

Mr. Muhammad Kamran Saleem Chairman/Member Mr. M. Naseem Saigol Member

Syed Manzar Hassan Member

Mr. Muhammad Omer Farooq Member

Mrs. Sadaf Kashif Member

HR & Remuneration Committee

Mr. Muhammad Kamran Saleem Chairman/Member Syed Manzar Hassan Member

Mr. Muhammad Omer Farooq Member

Company Secretary

Khawaja Safee Sultan, CS

Chief Financial Officer

Syed Manzar Hassan, FCA

Auditors

M/s Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants

A member of Russell Bedford International

Legal Advisor

M/s Hassan & Hassan Advocates

Shariah Advisor

Mufti Altaf Ahmed

Company Registration No.

0000802

National Tax No. (NTN)

2011386-2

Status of Company

Public Interest Company (PIC)

Stock Exchange Symbol

PAEL

Registered Office

10-G, Mushtaq Ahmed Gurmani Road,

Gulberg-II, Lahore

Tel: 042-35920151-59 (Pabx) & 042-35920133 (Direct)

E-Mail: shares@saigols.com

Share Registrar

Corplink (Pvt.) Limited

Wings Arcade, 1-K, Commercial, Model Town, Lahore

Tel: 042-35916714, 35839182,

Fax: 042-35869037

E-Mail: shares@corplink.com.pk

Manufacturing Unit I

14-K.M. Ferozepur Road, Lahore Tel: 042-35920151-9 (9 Lines)

Website: https://www.pel.com.pk

Manufacturing Unit II 34-K.M. Ferozepur Road, Keath Village, Lahore Tel: 042-35935151-2

Karachi

Ground Floor Baig Tower Near Balouch Colony Bridge, Shahrah-e-Faisal,

Karachi

Tel: 021-32200951-4

Islamabad

Room # 301, 3rd Floor,

Green Trust Tower, Blue Area, Islamabad Tel: 051-2824543, 2828941

Fax: 051-2273858

Bankers

Albaraka Bank (Pakistan) Limited Askari Bank Limited

Bank Alfalah Limited

Bank Islami (Pakistan) Limited Bank Makramah Limited

Faysal Bank Limited First Habib Modaraba

Habib Bank Limited - Islamic Banking MCB Bank Limited

National Bank of Pakistan OLP Modaraba

Pak Brunei Investment Company Limited

Pak Libya Holding Company (Private) Limited Pak Oman Investment Company Limited Samba Bank Limited

Saudi Pak Industrial and Agriculture Investment Company Limited Silk Bank Limited

Sindh Bank Limited The Bank of Khyber The Bank of Punjab Summit Bank Limited United Bank Limited

PAK ELEKTRON LIMITED

DIRECTORS REVIEW

Dear Share Holders

Head Office: : 14-Km, Ferozepur Road, Lahore-54760 Pakistan

G.P. 0. Box No. 1614, Lahore - Pakistan.

Tel: (+92 42) 35920151 9

Website: https://www.pel.com.pk

Your directors are pleased to present the un-audited interim financial information of the Company for the 3rd Quarter ended on September 30, 2025.

FINANCIAL & OPERATIONAL REVIEW

Macro -Economic Environment

Global Economic Overview

The global economy is growing at a moderate and uneven pace. World GDP is expected to increase by 3.0% in 2025, showing gradual recovery after several challenging years. Growth is being supported by improved consumer spending, easing inflation, and better trade conditions. Advanced countries are expanding more slowly because of high interest rates and weak business investment, while developing countries are growing faster due to strong domestic demand, industrial growth, and government support programs. For 2026, global GDP growth is expected to stay around 2.5% to 3.0%, as inflation continues to decline and economic stability improves across most regions.

Economic performance still varies from region to region. The United States remains stable while China's economy is gaining momentum through policy support, manufacturing recovery, and export growth. The European Union faces slower expansion because of high energy costs and low confidence in industrial sectors. Many developing countries in Asia, Africa, and Latin America are showing stronger growth, driven by infrastructure projects, digital innovation, and growing trade partnerships.

Global trade has started to recover but remains below earlier peaks due to lingering supply chain problems and geopolitical tensions. Inflation has eased from the highs of previous years but is still slightly above normal levels in some economies, leading central banks to keep interest rates relatively high. The global stock markets have shown mixed trends - U.S. markets remain strong, supported by technology and energy sectors, while Asian and European markets have been more uncertain due to changing policies and slower demand. Overall, the world economy in 2025 reflects a steady but cautious recovery, with moderate growth, lower inflation, and gradual improvement in financial confidence. Looking ahead, stronger international cooperation, investment in green and digital industries, and stable financial conditions will be key to achieving sustained global growth in the coming years.

Registered Office: 10-G, Mushtaq Ahmed Gurmani Road, Gulberg-II. Lahore Tel: (+92-42) 35920131 & (+92-42) 35920133 Email: shares@saigols.com

PAK ELEKTRON LIMITED

Head Office: : 14-Km, Ferozepur Road, Lahore-54760 Pakistan

G.P.O. Box No. 1614, Lahore - Pakistan.

Tel: : (+92 42) 35920151 -9

Website: ' https://www.pel.com pk

Domestic Economic Landscape

Pakistan's economy maintained its trajectory of stabilization and growth during the first two months of FY2026, with moderating inflation, strengthening large- scale manufacturing, and contained fiscal imbalances despite the severe floods since July 2025. The LSM sector recorded positive growth, led by textiles, automobiles, and cement, while CPI inflation eased in August 2025. Fiscal consolidation continued, supported by stronger revenue mobilization and prudent expenditure management, resulting in a primary surplus, while exports, remittances, and an adequate level of foreign exchange reserves provided cushion to external sector. Monetary conditions remained stable, and the stock market sustained its bullish momentum, reflecting investor confidence. Stable financial conditions will play a vital role in ensuring sustained global growth in the coming years.

Due to recent floods in 2025, the agriculture sector is expected to suffer. The assessment of Kharif crops and livestock damages is in progress. The government has declared climate and agriculture emergencies nationwide to tackle escalating climatic challenges and support farmers impacted by the severe floods. During Jul-Aug FY2026, the agricultural credit disbursement has jumped 19.5 percent to Rs. 404.2 billion from Rs. 338.2 billion last year.

Large-Scale Manufacturing (LSM) registered a significant year-on-year (YoY) growth of 9.0 percent in July 2025 and 2.6 percent on month- on-month (MoM) basis. Overall, 16 out of 22 sectors recorded positive growth, including textiles, wearing apparel, coke & petroleum products, non-metallic mineral products, and pharmaceuticals. The automobile sector exhibited encouraging performance during Jul- Aug FY2026.

CPI inflation during Jul-Aug FY2026 stood at 3.5 percent as compared to 10.4 percent last year. In August 2025, it recorded at 3.0 percent YoY compared to 4.1 percent in July and 9.6 percent in August 2024. MoM, it decreased by 0.6 percent in August 2025 as compared to an increase of 2.9 percent in the previous month and 0.4 percent in August 2024. The Sensitive Price Indicator for the week ending September 25, 2025, decreased by 0.16 percent. During the week, out of 51 items, prices of 17 items increased, 11 items decreased and 23 items remained stable.

Fiscal accounts strengthened in FY2025, with a marked improvement in fiscal discipline, as evidenced by an eight-year low fiscal deficit and a 24-year high primary surplus. Encouragingly, the effective expenditure management created space for higher development spending in FY2025. These consolidation gains have laid a stronger base for better fiscal management in FY2026. Furthermore, building on these gains, the government is committed to further improve

Registered Office: 10-G. Mushtaq Ahmed Gurmani Road, Gulberg-II, Lahore Tel: (+92-42) 35920131 & (+92-42) 35920133 Email: shares@saigols.com

PAK ELEKTRON LIMITED

Head Office: : 14-Km, Ferozepur load Lahore-54760 Pakistan

G.P.O. Box No. 1614, Lahore - Pakistan.

Tel: (+92 42) 35920151-9

Website: : https://www.pel.com.pk

the fiscal performance in FY2026 through effective resource mobilization and a prudent expenditure management strategy.

The current account posted a deficit of $624 million during Jul-Aug FY2026, increasing from

$430 million recorded last year. Goods exports rose 10.2 percent to $5.3 billion, while imports increased 8.8 percent to $10.4 billion, resulting in a trade deficit of $5.1 billion compared to

$4.8 billion last year.

The Monetary Policy Committee (MPCj, in its meeting on 27th October 2025, kept the policy rate unchanged at 11 percent. While inflation remains moderate and high- frequency indicators show improvement, the decision reflects caution over the evolving outlook amid ongoing floods.

Although flood- induced disruptions pose temporary risks to inflation, the overall outlook signals a stable macroeconomic environment, with supportive trends in industry, external inflows, and fiscal management expected to underpin sustainable growth going forward.

INDUSTRYOVERVIEW

During FY2025, LSM registered a 2.5% year-on-year growth, showing signs of recovery after the contraction in the previous fiscal year. The improvement was largely driven by better availability of raw materials, improved foreign exchange reserves, and relaxation in import restrictions. Sector-wise, food, beverages and tobacco, petroleum refining, fertilizers and pharmaceuticals showed positive growth, while automobiles, cement, and textiles experienced slower activity due to high energy tariffs and reduced consumer demand. Despite these challenges, a gradual rebound is expected as inflation moderates, interest rates stabilize, and industrial confidence improves. The government's focus on export diversification, local manufacturing incentives, and energy sector reforms is likely to support a steady expansion in LSM output, strengthening its contribution to overall economic growth in the coming period.

Company Performance Overview

During the period under review, the company's performance has shown significant improvement, driven by continuous research and development, the introduction of market-competitive models, and a strong focus on energy efficiency and advanced features. By launching energy-efficient and aesthetically enhanced products, the company has capitalized on rising lifestyle standards, urbanization, and the increasing purchasing power of consumers.

Export of transformers to USA and company's multi-brand strategy, in the home appliances division also contributed in this growth.

Registered Office: 10-G. Mushtaq Ahmed Gurmani Road, Gulberg-II, Lahore Tel: (+92-42) 35920131 & (+92-42) 35920133 Email: shares@saigols.com

PAK ELEKTRON LIMITED

Head Office: : 14-Km, Ferozepur Road, Lahore-54760 Pakistan

G.P.O. Box No. 1614, Lahore - Pakistan.

Tel: : (+92 42) 35920151 9

Website: : https://www.peI.com pk

Summary of operating results is presented as below:

During the period under review, the company recorded a notable revenue growth of 15.59%, reaching Rupees 63,303 million compared to Rupees 54,766 million in the corresponding period of the previous year. Gross profit also increased significantly, rising by 15.88% to Rupees 12,709 million from Rupees 10,967 million in the same period last year. Additionally, financial charges fell by Rupees 1,023 million due to better cash management and reduced policy rate.

As a result, the company's profit after tax increased to Rupees 3,051 million, up by Rupees 1,189 million from last year's Rupees 1,862 million. This growth was driven by higher sales, a stronger supply chain and improved market confidence along with early signs of economic recovery boosting household spending.

Appliances Division

During the period under review, the Appliance Division experienced a remarkable 37.50% increase in revenue, reaching Rupees 43,829 million compared to Rupees 31,875 million in the same period of the previous year.

Stable economic conditions, including a steady exchange rate and stable inflation, boosted consumer purchasing power and increased demand for home appliances. PEL capitalized on its thorough product innovation, a wider distribution network and smart pricing strategies further strengthening its market leadership.

PEL has entered into a strategic partnership under a Licensing Agreement with Electrolux AB, a global leader in multi category home appliances. The collaboration aims to leverage strength of the Company to drive sustainable growth.

Registered Office: 10-G, Mush taq Ahmed Gurmani Road, Gulberg-II, Lahore. Tel: (+92-42) 3592013 1 A (+92-42) 35920133 Email: shares@saigols.com

PAK ELEKTRON LIMITED

Power Division

Head Office: 14-Km, Ferozepur Road, Lahore-54760 Pakistan

G.P.O. Box No. 1614, Lahore - Pakistan. (+92 42) 35920151-9

During the period under review, the Power Division recorded a 14.93% decline in revenues, amounting to Rupees 19,474 million compared to Rupees 22,892 million in the corresponding period of the previous year.

This decline is primarily attributed to a timing difference of order in-take in this segment. Nevertheless, the growing demand for electricity has led the government to initiate upgrades in the Transmission and Distribution (T&D) infrastructure, creating new growth opportunities within this sector. Additionally, continued industrial expansion and a rising housing sector are further driving demand for the Power Division's offerings.

PEL has successfully commenced its export operations to the United States of America. The first consignment of transformers has sailed from Pakistan on March 13th, 2025. This marks a significant milestone in our business expansion strategy and reflects our commitment to exploring new international markets. We remain dedicated to enhancing our global footprint and delivering high-quality products to our customers worldwide.

Recently Tariff regime is implemented by USA resulting inflationary trend, which may affect the demand side however we think that the demand of Transformers is inelastic and with an increase in price the demand will not be affected in proportionate manner. Further certain competitive countries duty rates are even higher than Pakistan such as China, Vietnam and many other countries. There is a likely chance of reduction in raw materials cost due to imposition of Tariff and lowering of Oil prices and surplus capacities in international markets.

Future Outlook

Global Economic Outlook

The global economy in 2025 and 2026 is expected to grow slowly but steadily. Many countries are seeing lower inflation and better trade conditions after a few tough years. Developed nations like the United States and those in Europe are growing at a moderate pace, while developing countries, especially in Asia and Africa, are growing faster due to strong industries and new investments. Energy prices are more stable, and businesses are becoming more confident. However, problems such as global conflicts, high debts, and climate change still create challenges. Overall, the world economy is improving and moving toward a more stable and sustainable future.

Registered Office: 10 G. fflushtaq Ahmed GurnJani Road, Gulberg-ll, Lahore.

Tel: (+92-42) 3592013 1 & t*92-42) 35920133 Enail. shares@saigols.com

PAK ELEKTRON LIMITED

Head Office:

Tel: Website:

14-Km. Ferozepur Road, Lahore-54760 Pakistan

G.P.O. Box No. 1614, Lahore - Pakistan.

: (*92 42) 35920151-9

https://www.pel.com.pk

Country Economic Outlook

Despite the disruption caused by recent floods, economic activity has remained broadly stable. The rebound in large-scale manufacturing, supported by encouraging trends in cement dispatches, automobile production, and allied industries, indicates strengthening industrial momentum in the months ahead. The external sector is expected to remain stable, with the current account deficit projected to stay manageable despite higher import demand. Remittances continue to provide strong support, exports are showing early signs of recovery, and declining global commodity prices may help ease the import bill.

Nevertheless, flood-related disruptions may exert pressure on food supply chains, leading to an uptick in prices. As a result, inflation is expected to rise temporarily but remain contained within the 3.5-4.5 percent range in coming months.

Company Future Outlook

The company is working on expanding globally by focusing on exports and improving its products. It successfully entered the U.S. power market and plans to continue growing internationally by using its expertise and high-quality standards for long-term success.

Acknowledgement

We would like to thank our Board of Directors for continuous support and guidance. We are also thankful to our team for their dedicated efforts to make the company operationally sustainable through this challenging era.

We are confident with continued team eHorts that we will meet expectation of all stake holders i.e., Shareholders, Creditors and Customers.

On behalf of the Board of Directors

Lahore

October 30, 2025

id g M. Zeid Yousuf Saigol Chief Executive Officer Director

Registered Office: 10-G. Mr shlaq Ahmed Gurmani Road, Gulberg-II, Lahore Tel: (+92-42) 35920131 .". (*92-42) 3592013 3 EmaiI: shares@saigols.com

PAK ELEKTRON LIMITED

CONDENSED ZNTERZD STATEMENT OF FZNANCEAL POSITION

AS AT 5EPTEN8EA 30, 2025

September 30, December 31,

(Rupees in Thausands)

September 30, December 31,

2OZS 2024

(Rupees in Thousands)

EQUITY AND LFABILTTTES

SHARE CAPITAL AND RESERVES

Authorized Capital

Note

6

11,000,000

11,000, 000

ASSETS

NON-CURRENT ASSETS

Note

CONTtGENC1ES AND COMMTTNENTS 11

8O,5yo939 T2,S39,331

nD.

M. ZEID YOUSU SAZGOL

The annexed notes 1 to 20 form an integra) part of these interim financial stateme

80,520,939 72,539,33¥

GOL

Chief Executive Officer

Director

5¥ED M R HASSAN

Chief Financial Omcer

PAK ELEKTRON LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

FOR THE NONE IONTHS PERIOD ENDED SEPTEMBER 30, 2025 ( Un- Aud*ed )

Note

Nine Ptonths Period Ended September 3O, September

30,

2025 2024

(Rupees in thousand)

Three Months Period ended

September 30, September 30,

2025 2024

Revenue tram contracts with enstomers Sales Tax and discounts

Net Revenue Cost of Sales

Other Income

Selling and distribution expenses Administrafive expenses

Other Expenses

14 63,303,386

(16,5 t0,074)

46,793,3T2

(34,084,249)

1z,zo9,oss

92,183

(5,213,384)

5'4,766, l8q

( I 3,412,841)

4T,353,343 (30,386,437) 1O,966,9O6

49,624

(4,660,694)

t4,S6S, 140

(3,292,895) 11,272,245

(8,168,087)

3,104,159

96,006

(1,501,217)

14,903,877

(3,63215)

*1,268,662

(8,3S5,d2S)

2,9 y3,23 '

(10,54S)

Impairment allowance for expected oedit loss Operating Profit

(16,5Z2)

I,63J25

finance Cost

(1,905, 143J

(2,928,230)

(831,328)

Share of profit/(loss) of associate

Profit before statuto lavies and Income taxes

253

3,427,S48

27

1,116,F47

(282)

650,636

Provision for statutory lavies Profit before Zncome Taxes Provision for lncome Taxes Profit aRer income taxes

Basic Earnings per share

t387,047) 5,£77,641 (2, t26,492)

a,ost,tss

16 3.38

(23S,S16)

a,i9z,iaz

( 1,329,56t}

1,862,571

2.06

i,oss,ass

(384,018)

581367

0.7'4

(42,945) 6O7,691 (j60,683)

+sz,ooe

0.48

The annexed notes I to 20 form an inteqral part of these nterim financial statements

M. EURAD SAZGOL

Chief Executive Officer

u. zEio Yousur sxcsoc

Director

NZAR f4ASSAN

Chief F nancial Officer

PAK ELEKTRON LIMITED

CONDENSED INTERIM STATEMENT OF CASH FLOW

FOR THE NINE I IONTHS PERIOD ENDED SEPTEF1BER 30, 2025 ( Un- Audited )

Cash flows from operating activities

Profit(Loss) before taxation

September 30, September 30,

2025 2024

(Rupeer in thousand)

3,192,132

Adjustments for non cash items and others

Cash generated from operations before working capital changes

Working capital changes

Cash generated from operations

Payment of interest/ profit and taxes/levies

2,82g,285

8,006,926

(281@262)

5,195,664

(#,173,263)

3,730,844

6,922,976

(I, 580, 650)

s342326

(3,776,446}

Net cash used in operating activities

Cash flows from investing activities

Purchase of property, plant and equipment

Proceeds from disposal of property, plant and equipment (Increase) / decrease in |ong-term deposits and advances

1,022,g01

(1,7B4,467)

22,956

Net cash used in investing activities

(925,625)

(39,015)

(72]

Cash flows from financing activities Long Term Finances obtained Repayment of Long Term Finances

Increase/ (Decrease)in liabilities against finance lease

Increase / Decrease)in Short Term Borrowing Dividend paid

(l,g88,727

Net cash from financing activities

Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of the period

603,114

(53,06Z) 1,093,599

(1,595,674}

3,412

i,7so,sss

(329}

158,268

235,421

784, 116

Cash and cash equivalents at end of the period

1,040,637 1 53

The annexed notes 1 to 20 form an integral part of these interim financial state nts. '

M. I'4URAD SA1GOL

Chief Executive Officer

M. ZEZD YOUSUF SAEGOL

Director

SY MW AR HASSAN

Chief Financial Officer

PAK ELEKTRON LZMITED

CONDENSED ENTER TM STATEMENT OF CHANGES TN EQUW

FOR THE NONE I MONTHS PERIOD ENDED SEPTEMBER 30, 2025 ( Un- Audited }

........................................................(Rupeeslnthousand)...............................................................

Profit for the period

Other comprehensive loss incremental depreciation

Balance as at September 30, 2024

Total comprehensive income for the period Other comprehensive loss

Incremental depreciation Share deposit money received

Balance as at December 3¥, 2024

Profit for the period. Incremental depreciation

Other comprehensive income after income taxes

9,236,495

7,2O3,O96

26,6Z5,70B

Conversion of Preference shares inro ordinary shares Balance as at September 30, 2025

The annexed notes 1 to 20 form an integral part of these interim financial statements.

+ts,szs

5,610,856

5,52O,BO8

23,6IZ,90

8,560,121

+is,szs

5,610,856

23,07g,872

43,287,782

676,374

449,576

(69,576)

5,61O,B56

(35,728}

5,737,289

(148,932)

(27,320)

(40,529)

(141,676)

t,824,263

2y,O67,369

1,P62,671

148, 933

504,503

q0, 529

3,051,199

IA 1,676

41,425, 2II

so*,soa

(27,320)

3,O51,199

1,824,263

M. MURAD SAZGOL

Chief Executive Officer

N. ZEZO YOUSUF SAZGOL

Director

SY AN HASSAN

Chief Financial Officer

PAK ELEKTRON LIMITED

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS

FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, Z02fi ( Un- Audited )

LEGAL STATUS ABD OPERATIONS

Pak Elektron Limiced ['the Companys was incorporated as a Public Limited Company in Pakistan under the repealed Companies Act, 191 on 03 March 1956. Registered office of the Company is situaced in che province of Punjab at 17 • Aziz Avenue, Canal 8ank, Gulberg - Y, Lahore. The manufacturing facilicies of the Company are located at 34 K.M., Ferozepur Road, Keath Village, Lahore and 14 K.M., Ferozepur Road, Lahore. The Company is tisted on Pakistan Stock Exchange Limited. The principal activity of the Company is manufacturing and sate of electrical capital goods and domestic appliances.

The Company is currently organized into the following operating divisions:

(i) Power DJvision• Manufacturing and sate of Transformers, Switchgears, Energy Meters and Engineering, Procurement and Construccion ['EPC'] contracting.

Appliances Division: Manufacturing, assembling and distribucion/sale of Refrigerators, Deep Freezers, Air Condicioners, Microwave Ovens, LED Televisions, Washing Machines, Water Dispensers and other domestic appliances.

BASIS OF PREPARATION

These Interim financial statements are un audited and have been presented In condensed form and do not Include atl the information as is required to be provided Tn a full set of annual financial statements. These interim financial statements Shoutd be read in conjunction with the annual audited financial statements of the company for the year ended Oecember 31, 20Z4.

The comparative interim balance sheet as at Oecember 31, 20Z4 and the related notes to the condensed interim fJnanciat Information are based on audited fJnancTat statements. Tfie comparafJve Interim profit and loss account. TnterTm casfi flow statement, lnEertm statement of changes In equity and related notes to the condensed interim financial Information for Nine months ended September 30, 202a are based on unaudited Interim financial Information.

2.4 Statement of compliance

These condensed Amenm financial statement s have been prepared in accordance with the account ing and reporting standards as applicable in Pakistan for interim f nanc ial reporting. The account ing and reporting standards as apptirable n Pakistan for inferTm financial reporting comprises of:

International Accounting Standard 3#- liJtei min Financial Report ng, issued by International Accounting Standards Board (l»58) as notified under the companies Act, 2017 and

Provisions of and d recrives issued under the Companies Act , Z017.

Where the profisions of and direcrJve Issued under the companies Act, ROI7 differ with the requirements of IM 34, the pro?s4ons of and directives issued under the companies Acr, 2017 have been followed.

These Interim financial statements have been prepared on Ehe historical boer basis except for the follo'z'flng Items, whicfi are measured on an alternative basis as at the reporting dare.

Items

Financial liabilities Other Financ af asset Investment in associate

investment in listed equity securities Land, buildJng, plant and machinery Provisions

Measurement besls

Amortized cost Amon zed cost Equity method Fair Vatue

Revalued amounts

Present Value

2. 3

J udgement s , estImages end assump t ions

The preparation of interim financial statements requires managements to make§udgements, estimates and assumptions that affect the applJacarion of accounrJng policies and the reported amounts of assets, IiabititJes, Income and expenses. The estimates add associated assumptions and judgements are based or historical experience and various other factors that are believe to be reasonable under the circumstances , the result of which forms the basis of making judgements about carrying values of asset ar›d IJafilifies that are not readily apparent mom other sources. Actual results may difFer from ffiese esfimales.

Estimates and underlying assumptions are realewed on an ongoing basis. ReyisTons to acreunt ing estimated are recognised In the period in wh ch be estlmated 1s revised and in a+iy fuure periods aflecked.

Presentation currency

This financial Information is prepared in Pak Rupees which is the Group's functional currency.

Account ing Poifc Yes And Methods Of Computatton

The accounting policies and the methods of computation adopted in the preparation of these Interim financial statements are the same as those applied In the preparation of preceding annual financial statement pf tfie company for tfie year ended December 31, Z024.

Date or AuthoñzatJon ror leeue

These interim finanoal statements have been approved by the Board of Diredors of the company and authorized for Issue on October 30, 20z5

AUTHORIZED CAPITAL

September 40, December 31,

2025 2024

tNumbers}

1, 000, 000, 000 1.000,000, 000 Ordinary shares of Rs. 10 each

Preference shares of Rs. 10 each:

62,fi00,000 62.500. 000

37,fi00,000 37. fi00,000

Class A preference shares of Rs 10 rach Class B preference shares of ks 40 each

Un-audited Audtted September 30, December 31,

2025 2024

(Rupees In thousand) 10,000,000

1,100,000, 000 . 0,000,000

ISSUED, SUBSCRIBED MD PAID UP CAPITAL

September 30, December 31,

20Zfi 2024

Number of shares

Note

Audited

September 30, December 31,

2O2fi 2024

(Rupees In thousand)

118,343,8 41 118,343,841 as bonus shares 1,183,438

923.és9,501 856.012,1 fi5

9,236, 495

8.560,122

shares of R*. 10 each

- 44,957,59 2 In cash

1 900,969,7<7

449, 576

The entered Issued preI'erence share capital of is. 449. 56 million along with preference dividend accumulated up to 3 4 December ZO24 amounting to Rs. +4O. 65 mIlllon has been converted In to ordinary shares of the company, duUng the reporting perTod ,whereby, the company has Issued 67,647,346 ordinary shares of gs. 10 eech to all preference shareholders

30, 061 fi3,795

4 0 SHORT TERfit BORROWINGS

Tfiese facilities have been obtained from vafious banks under mark•up arrangeme+its for working capital requirements. These facllitJes are secured against the pledge/hypothecation of raw material and components, work-In-process, finished goods, machinery, spare parts, charge over book debts, charge over current assets and personal guarantees of the sponsoring directors of tfie company.

11 CONTTNGEN CICS AN0 COMITMEnTS

There ]s no material changes In contangencies and commitments as disclosed In the notes to the fTnanc1aI statements for the year ended December 31, 20 Z4

1 2

1 2.1

Operating assets

Capital work-Tn•progress

OperaNng assets

12.1

27,255,107 25,93g,007

4,259,¥83 2,860,472

31,514,590 26,798,479

Written down value at beginning of the perlod / year

25,938, 006

25,508.•63

Additions, revatuation surplus during the period Z,338,857

Written down value of the assets disposed off / adjustments depreciation charged dunng the period / year

2B,276,863

12,679

I ,009, 077

27,198,970

47,706

1.321,105

Rental Prooerties

107,8#8

25,938.007

1 3 LONG-TEL INVESTMENTS

fiohnoor Power Company Limited

2,910,600 shares {Oecember 31,2021 . Z,910,600 shares) of Rs. 10 each• Relationship: Associate

Ownership Interest 23.10 $

lns'estment In associate at cost - Quoted Cost of Investment

13.1

78,324

54,70T

21,888

54.701

Sfiare of post acquisition losses (4 5, 46J) T15,161 I

Accumulated ImpaJrmenr

39,540

38,7B4

39,540

|17,652)

Nlne plinths Penlod ended Three Months Peidod ended

September 30, September 40, September 30, September 30,

zczs 1cz* zozs zoz*

se,s1‹,oss sz,ssa,+to 11.zss,7ss ›s,ssz,oz‹

*,798, 121 1,812,574 t}28e,404 1,306.853

z,250,72

1,384.494

3,635,215

7,593,367

5,164,360

10,2F2,24fi 1 J.266,s+2

Raw rrtater1al consumed Direct wages

Factory overhead

8aw material,wages and roH

36, fi09.634 3g. 3t3,745

8,196.281

321,093

886, 757

9, 06.131

-at beginning of per1od

-aE end of gerfod

Cost of goods manufactured F1nlshed goods

-at begTnnlng of period

•at end of period

{4 , 357, 549) l234 ,274) {603,O38) {352,442)

2,78g,¥Y 6

s ssz eds

{*› 768 5¥0}

47,132,205 30,082, 471 10,451,607 9,053,+89

2,464,902 2.621,66+

s,ssa,saa; ly,31y,yool

t3,066,03+) 303,966

Cost of safes

16 EARNINGS PER SMRE • BASE AUD DILUTED

8,355,#25

44,984,249 30,386,437 8,168,067

0,3fi5,42fi

Profit for the penpd

3,051,199

1,86Z.fi71

Less: dividend payabte on preference shares Profit attrlbuMbte to ordinary sf+eres

Welghted average number of ordinary shares for the

32,032

3, 054, 199

902.761,497 90Z,761,497

2.06

Rested panles from the compan'/s perspective comprise associated companies, post employment benefit gtcns and key mana$rment personnel. key management personnel are those persons having eutfiorig and responsibility for planning, dTrect4ng and controtlTng the actlvt1es of the Company, directly or indirectly, and Includes the Chlef Executive and Directors of the company.

Tm0 IOM With key m@qgement personrwt era ltmtt«d to pymem of short ten employee benefTU only. The company In the m+rmal cou- of business carries out various crar+racttons with oder related parties and rontlnues to heve e pottcy whereby all such transactions are carried out on commercial terms and conditlons whlch ere equivalent to those prevailing In an arm's length transartTon.

Dia+Is of oar+sacfions and baIa+icrs wnh relate‹I panies s as Folio ss

Un-audited Un•audfted September 30. September 39,

2025 2O2¥

{Rupees in thousand)

s.xe1

elf transactions with related paroles haYe been carried out on commerc fat terms and conditions.

As at the repo+ttng date, recoverable amounts of all assets/cash generating units are equal to or exceed the

thetr carrying amounts, I+mess stared otherwise in these financial statements.

19 GENERAL

figures havr been rounded off to the nearest thousands.

19.2 Comparative figures have been rearranged and reclasslf ed, where necessary for the purpose of comparison . However there were

no significant rectassifJcation during rhe year.

OTHERS

There are no other significant activities since December 3J , 2024 affecti this condensed intrr m fin cta Information.

M. ZEID YOUSUF GOL

eirectnr

S ED N R HASSAN

C Fin cial Officer