Our Ref: SEC/PSX/13/26 February 27, 2026
the Genera/ Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Dear Sir,
Financial Results for the Year Ended December 31, 2025Form-3
We have to inform you that the Board of Directors of our Company in their meeting held on Friday, February 27, 2026 at 03:30 p.m. at Karachi have recommended the following:
CASH DIVIDEND
Nil
BONUS SHARES
Nil
RIGHT SHARES
hlil
The financial results of the Company for the year ended December 31, 2025, are attached as Annexure - A, along with the following statements:
Statement of Financial Position
Statement of Changes in Equity
Statement of Cash Flows
The Annual General Meeting (AGM) of the Company will be held on Monday, April 27, 2026, at 2:30 p.m. at the Company's Registered Office, West Wharf, Dockyard Road, Karachi.
The Share Transfer Books of the Company will remain closed from April 20, 2026 to April 27, 2026 (both days inclusive). Transfers received at the Company's Share Registrar, CDC Share Registrar Services Limited, CDC House, 99-B, Block-B, S.M.C. H.S., Main Shahra-e-Faisal, Karachi-74400 at the close of business on April 17, 2026, will be treated in time for the purpose of above entitlement to the transferees.
Page 1 of 2
Poki4on Oxygen Dmited
P.O.Boa 4845 Dockyard Road, West Wharf, Karachi - 74000
Phone• +9221 3231 3361-9 | Fax: +9221 3231 1809 { Email' info.pkBpakoxygen.com I Wek www.pakoxygen.com
!
OPxyakgiesntan
The Annual Report of the Company for the year ended December 31, 2025, will be transmitted through PUCARS 21 days before the holding of AGM.
Mazha bal Company Secret
"°a
Yours truly, ,› ",
Encl. as above Copy to:
The Executive Director/HOD Offsite-II Department
Securities & Exchange Commission of Pakistan
Corporate Supervision Department-Company Law Division
63, NIC Building, Jinnah Avenue
Islamabad
Page 2 of 2
PoMston Oxygen Dmited
P.O.Box 4845 Dockyard Road, West Wharf, Karachi - 74000
Phone: +9221 3231 3361-9 | Fax: +9221 3231 1809 ] Email. info.pkQpakoxygen.com I Web www.pakoxygen.com
Annexure "A"
PAKISTAN OXYGEN LIMITED
STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED DECEMBER 31, 2025
(417,800) | (548,844) |
(425,159) | (343,097) |
(317,171) | (137,390) |
Note
2025 2024
(Rupees in '000)
Gross sales | 5 | 15,037,378 | 13,061,918 |
Sales tax | 5 | (1,990,092) | (1,716,819) |
Net sales | 13,047,286 | 11,345,099 | |
Cost of sales | 6 | (7,807,314) | (8,285,137) |
Gross profit | 5,239,972 | 3,059,962 | |
Distribution andmarketing expenses | 7 | ||
Administrative expenses | 8 | ||
Other operating expenses | 9 | ||
(1,160,130) | (1,029,331) | ||
Operating profit before other income | 4,079,842 | 2,030,631 | |
Gain on sale ofnon current assets classified as held for sale | 10 | - | 50,424 |
Other income | 11 | 43,806 | 94,923 |
Operating profit | 4,123,648 | 2,175,978 | |
Finance cost | 12 | (483,159) | (999,099) |
Profit before taxation and levy | 3,640,489 | 1,176,879 | |
Minimum tax differential - levy | 13 | (32,279) | |
Profit before taxation | 3,640,489 | 1,144,600 | |
Taxation | 14 | (1,971,466) | (432 841) |
Profit for the year | 669 023 | 11 759 | |
Earnings per share - basic and diluted (Rupees) | 15 | 19.16 | 8.17 |
The annexed notes from 1 to 51 form an integral part of these financial statements.
PAKISTAN OXYGEN LIMITED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025 | ||||
Note | 2025 (Rupees | 2024 in '000) | ||
ASSETS NON - CURRENT ASSETS Property, plant and equipment | 16 | 14,197,192 | 13,416,451 | |
Intangible assets | 18 | 23,661 | 14,380 | |
Investment in subsidiary | 10 | 10 | ||
Long term loans | 19 | 29,252 | 3,956 | |
Long term deposits | 80,610 | 80,610 | ||
CURRENT ASSETS | 14,330,725 | 13,515,407 | ||
Stores and spares | 20 | 665,988 | 547,889 | |
Stock-in-trade | 21 | 804,126 | 797,098 | |
Trade debts | 22 | 2,197,305 | 1,795,432 | |
Loans and advances | 23 | l32,04g | 29,711 | |
Deposits and prepayments | 24 | 472,600 | 445,548 | |
Other receivables | 25 | 692,440 | 1,146,870 | |
Taxation - net | 187,757 | |||
Cash and bank balances | 26 | 1,300,642 | 562,660 | |
6,265,149 | 5,512,965 | |||
NON CURRENT ASSETS CLASSIFIED AS HELD FOR SALE | 17 | 57,449 | ||
TOTAL ASSETS EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES | 20,595,874 | 19,085,821 | ||
Share capital Capital reserves Share premium | 27 28 | 871,243 595,092 | 871,243 595,092 | |
Surplus on revaluation of property, plant and equipment | 29 | 4,906,848 | 4,186,648 | |
Revenue reserves | ||||
General reserves | 3,693,204 | 2,985,666 | ||
Unappropriated profit | 1,660,699 | 707,538 | ||
NON-CURRENT LIABILITIES | 11,727,086 | 9,346,187 | ||
Long term deposits | 30 | 292,461 | 260,063 | |
Long term financing | 31 | 2,018,370 | 3,539,714 | |
Lease liabilities | 32 | 6,624 | 13,379 | |
Deferred capital grant | 33 | 248,768 | 345,768 | |
Deferred liabilities | 34 | 1,331,181 | 263,928 | |
CURRENT LIABILITIES | 3,897,404 | 4,422,852 | ||
Trade and other payables | 35 | 2,678,985 | 2,737,951 | |
Short term borrowings | 36 | 1,631,775 | 1,987,007 | |
Un-claimed dividend | 17,870 | 18,045 | ||
Taxation - net | 177,271 | |||
Current maturity of long term financing | 31 | 363,751 | 460,608 | |
Current portion of lease liabilities | 32 | 5,121 | 2,623 | |
Current portion of deferred capital grant | 33 | 96,611 | 110,548 | |
4,971,384 | 5,316,782 | |||
TOTAL EQUITY AND LIABILITIES | 20,595,874 | 19,085,821 | ||
CONTINGENCIES AND COMMITMENTS | 37 | |||
The annexed notes from 1 to 51 form an integral part of these financial statements.
PAKISTAN OXYGEN LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025 | ||||
2025 | 2024 | |||
Note | (Rupees | in '000) | ||
CASH FLOW FROM OPERATING ACTIVITIES | ||||
Cash generated from operations | 38 | 4,791,588 | 3,393,860 | |
Finance cost paid | (568,121) | (1,141,957) | ||
Income tax paid | (530,175) | (50,687) | ||
Post retirement medical benefits paid | (4,039) | (854) | ||
Long term loans and deposits - receivable | (25,296) | (5,156) | ||
Long term deposits - payable | 32,398 | 5,070 | ||
Net cash generated from operating activities | 3,696,355 | 2,200,276 | ||
CASH FLOW FROM INYESTING ACTIVITIES | ||||
Addition to property, plant and equipment | (891,633) | (708,327) | ||
Addition to intangible assets | (18,189) | |||
Addition to right-of-use assets - Building | (2,470) | |||
Proceeds from disposal ofproperty, plant and equipment | 38,053 | 85,263 | ||
Proceeds from sale ofnon current assets classified as held for sale (net) | 50,820 | |||
Interest received on balances with banks | 3,600 | 392 | ||
Net cash (used in) investing activities | (868,169) | (574,322) | ||
CASH FLOW FROM FINANCING ACTIVITIES | ||||
Repayment of long term financing | (1,729,138) | (522,768) | ||
Additions to lease liabilities | 2,470 | |||
Repayment of lease liabilities | 32 | (5,659) | (5,434) | |
Dividends paid | (175) | (450) | ||
Net cash (used in) financing activities | (1,734,972) | (526,182) | ||
Net increase in cash and cash equivalents | 1,093,214 | 1,099,772 | ||
Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year | 39 | (1,424,347) | (2,524,119) (1424 47_ | |
The annexed notes from 1 to 51 form an integral part of these financial statements.
PAKIST.'YN OXYGEN LIMITED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2025
Issued, subscribed
C"a ital Reserves urp us on
revaluation of
Rex'cnue Reserves
finapprupriated
and paid-up Capital
Share Premium
propert),
plant &
Sub total General i'eserves
(Rupees in '000) ----
profitSub total Total
Balance as at January 01, 2024
d'otal comprehensive income for the year
871,243
595,092
4, 186,648
4,781,740
2,844,930
1.40,736
2,985,666 8,638,649
Profit for the year
711,759
711,759
7.1.1.759
Othef comprehensive income for the year (4,22 I )
707,538
(4,22t ) 707,538
4,221)
707,538
Transf'er to general reserve
Balance as at December 31, 2024
Tutal cc/nptehensivc incumc Our lhc year
Profit for the year
Other compreliensi e income for the year
Transfer to general reserve
871,243
595,092
720,200
4,186,648
720,200
4,781,740
720,200
l40,73G
1.669,023
I ,669,023 1.669,023
720,200
(8.324) (8,324) 711,876
2,98fi,666
707,538
(140,736)
707,538
1,660,699
(707,538)
3,693,204 9,346,187
l,G60,699 2,380,899
Balance as at December 31, 2025 871,243 595,092 4,906,8J8 5,501,940 3,693,204 1,660,699 >,353,903 11,727,086
The annexed notes from ] to 5I liiini an integral paid of these financial statement s