PAKGEN POWBR LIâ'IITED
N I S H A T
PKGP/PSX/ J37 April 24, 2026
The General Manager Pakistan Stock Exchange Ltd Stocl‹ Exchange Building
Stoclc Exchange Road, Karachi. PUCARS / TCS
Sub: Financial Results for the 1•' Quarter ended March 31, 2026 (Un-audited)
Dear Sir,
We have to inform you that the Board of Directors of Pakgen Power Limited in their meeting held on Tuesday the 24'!' of April, 2026, at 11:00 a.m. at 1 -B, Aziz Avenue, Canal Bank, Gulberg V, Lahore, recommended the following: -
Cash Dividend
Bonus Shares
Right Shares
Nil Nil Nil
- Any Other Entitlement Nil
Any Other Price-Sensitive Information Nil
Following Un-audited Condensed Interim Financial Statements of the Company for the 1st Quarter ended March 31, 2026, are attached as "Annexure":
Statement of Financial Position; Statement ofProfit or Loss;
Statement of Changes in Equity; and Statement of Cash Flows
The Quarterly Un-audited Condensed Interim Financial Statements for the 1st Quarter ended March 31, 2026 (1" Quarter Report) of the Company shall be transmitted through PUCARS within the specified time.
Thanking you, Yours truly,
KHALID MAHNIOO OHAN COMPANY SECRETARY
Copy to: -
The Director / HOD,
Surveillance, Supervision and Enforcement Department, Securities & Exchange Commission ofPakistan,
NIC Building, 63 Jinnah Avenue, Blue Area, ISLAMABAD.
Fax No. (051) 9100440/TCS
ROAD OFFfGE
REGISTERED OFFIGE
:NISH8T H0US£, SVA, LAWBAN£E ROAD, LAIJORE. TEL: 111-113-333 FAX: + 92-42-36367414
:LkLPlR THERMAL POWER STATIONS, P.O. eOX NO 89, MIJZkFF8RGARH. PC-34200, PAKISTAN.!**:+92-66-2300030, ' "92-6G-230026Ow,¥v.pakgenyeuer.com
PAKGEN POWER LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT 31 MARCH 2026
Un-audited 31 March | Audited 31 December | Un•audited 31 March | Audited 31 December | |||
2026 Note (Rupees in | 2025 thousand) | Nota | 2026 (Rupees in | 2025 thousand) | ||
EQUITY AND LIABILITIES | ASSETS | |||||
SHARE CAPITAL AND RESERVES | NON-CURRENT ASSETS | |||||
Authorised share capital 400,000,000 (31 December 2025: 400,000,000) ordinary shares of Rupees 10 each | 4,000,000 | 4,000000 | Fixed assets Long term investment Long-term loans to employees | 1,763,916 5,374 | 1,978,859 2,751 | |
Long-term security deposit | 300 | 300 |
Issued, subscribed and paid up share capital 372,081,591 (31 December 2025:372,081,591)
ordinary shares of Rupees 10 each
Own ordinary shares purchased for cancellation 4
Revenue reserve - un-appropriated profit Total equity
LIABILITIES
NON•CURRENT LIABILITIES CURRENT LIABILITIES
Trade and other payables Taxation and levy - net Unclaimed dividend
CONTINGENCIES AND COMMITMENTS | 5 | ||||
TOTAL EQUITY AND LIABILITIES | 14,321,@3 | 15,682,322 | TOTAL ASSETS | ||
Total liabilities
3,720,816
(1,799,329)
12,121,479
14,042,966
101,392
39,974
136,711
278,077
278,077
3,720,816
(1,624,179)
13,226,759
15,323,396
124,839
97,152
136,935
358,926
358,926
Employee benefit - gratuity
CURRENT ASSETS
Stores, spare parts and other consumables Loans, advances and short-term prepayments Other receivables
Accrued interest
Short term investments Cash and bank balances
1.916 2,426
1,771,506 1,984,336
435,211 | 441,530 |
B,826 | 10,520 |
129,183 | 364,155 |
1,131 | 93 |
11,888,083 | 12,855,267 |
87.103 | 26,420 |
12,549,537 13,697,985
, 14.321,043 15.6B2.322
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER
DIRECTOR
CHIEF FINANCE OFFICER
PAKGEN POWER LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE QUARTER ENDED 31 MARCH 2026 (UN•AUDITED)
QUARTER ENDED | |
31 March 2026 | 31 March 2025 |
Note ( Rupees in thousand )
REVENUEFROMCONTRACTW|THCUSTOMER | 925,405 | ||
COSTOFSALES | 7 | (780,297) | |
GROSS PROFT | 145,108 | ||
PLANTMANTENANCEANDPRESERVATIONCOSTS | 8 | (251,402) | (217,207) |
ADM|MSTRATIVEEXPENSES | (57,498) | (69,005) | |
OTHEREXPENSES | (692) | (1,324) | |
OTHERINCOME 231,100 208,284 | |||
(LOSS) /PROFIT FROM OPERATIONS | (78,492) | 65,856 | |
FINANCE COST | (89) | (116) | |
(LOSS) /PROFIT BEFORE TAXATION | (78,581) | 65,740 | |
TAXATION (21,762) (28,338) | |||
(LOSS) /PROFIT AFTER TAXATION
OTHER COMPREHENSIVE INCOME
TOTAL COMPREHENSIVE (LOSS) / INCOME FOR THE PERIOD
(LOSS) /EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES)
(100,343) 37,402
(100,343) 37,402
(0.52) 0.10
The annexed notes form an integral part of these condensed interim financial statements.
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER
3 y
PAKGEN POWER LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED 31 uARCH 2026 (UN-AUDITED)
SHARE CAPITAL | RESERVES | TOTAL EQUITY | ||
Capital | Revenue | |||
Retained payments reserve | shatres held cancellation | Un-appropriated rofit | ||
Balance as at 31 December 2024 (audited)
(••••••••••••••••Rupaas In thousand •••••••••••••• ) 3,720,816 116,959 22,757,378 26,595,153
37,402
Profit for the quarter ended 31 March 2025
(100,343) | (100,343) |
Other Comprehensive income for the quarter ended 31 March 2025
Total comprehensive income for the quarter ended 31 March 2025 | 37,402 | 37,402 | |||
Balance as at 31 March 2025 (un-audited) | 3,720,816 | 116,959 | • | 22,794,780 | 26,632,555 |
Balance as at 31 December 2025 (audited) | 3.720,816 | (1,624,179) | 13,226,759 | 15,323,396 | |
Purchase of own shares held for cancellation | (175,150) | (1,004,937) | (1,180,087) | ||
Loss for the quarter ended 31 March 2026 | |||||
Other Comprehensive income for the quarter ended 31 March 2026 | |||||
(100,343) | (100,343) | ||||
Balance as at 31 March 2026 (un•audited) | - | (1,799,329) | 12,121,4T9 | 14,042.966 | |
The annexed notes form an integral part of these condensed interim financial | statements. |
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEFFINANCIALOFHCER
PAKGEN POWER LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE QUARTER ENDED 31 MARCH 2026 (UN-AUDITED)
QUARTER ENDED
Note | 31 March 2026 (Rupees in | 31 March 2025 thousand) |
CASH FLOWS FRON OPERATING ACTIVITIES | ||
Cash generated from operations | 127,825 | 11,645,477 |
Finance cost paid | (89) | (10,618) |
Net decrease / (increase) in long term loans to employees | (2,623) | 1,218 |
Income tax paid | (78,940) | (38,553) |
Net cash generated from operating activities | 46,174 | 11,597,524 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Capital expenditure on fixed assets | (79) | |
Proceeds from disposal of operating fixed assets | 84,719 | |
Short term investments made | (5,661,140) | (3,123,389) |
Proceeds from disposal of short term investments | 6,771,500 | 2,190,200 |
Interest received | 85 | 191,884 |
Net cash generated Irom l (used in) investing activities | 1,195,085 | (741,305) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Payment for ordinary shares bought back | (1,180,352) | |
Dividend paid | (224) | (59) |
Net cash used in financing activities | (1,180,576) | (59) |
Net increase in cash and cash equivalents | 60,683 | 10,856,161 |
Cash and cash equivalents at beginning of the period | 26,420 | 100,004 |
Cash and cash equivalents at end of the period | 87,103 | 10,956,165 |
CASH AND CASH EQUIVALENTS | ||
Cash and bank balances | 87,103 | 10,956,165 |
87,103 | 10,956,165 | |
The annexed notes form an integral part of these condensed interim financial statements. |
CHIEF EXECUTIVE OFFICER DIRECTOR CHIEF FINANCIAL OFFICER