Transmission of Half Yearly Report for the period ended December 31, 2025

Pehixtan fy nth»ticx limited

BOARD OF DIRECTORS MR. KHURSHID AKHTAR CHAIRMAN -INDEPENDENT

MR. YAKOOB HAJI KARIM CHIEF EXECUTIVE

MR. NOMAN YAKOOB EXECUTIVE

MR. ABID UMER

MR. MUBBASHIR AMIN

MR. TAYAB RAFIQ BALAGAMWALA MR. FARAZ YOUNUS BANDUKDA MS. SADAF SHABBIR

NON-EXECUTIVE NON-EXECUTIVE INDEPENDENT

INDEPENDENT

INDEPENDENT

AUDIT COMMITTEE MR. TAYAB RAFIQ BALAGAMWALA CHAIRMAN

MR. MUBBASHIR AMIN

MR. FARAZ YOUNUS BANDUKDA

HUMAN RESOURCE AND MR. FARAZ YOUNUS BANDUKDA CHAIRMAN

REMUNERATION COMMITTEE MR. MUBBASHIR AMIN MR.

NOMAN YAKOOB

CHIEF FINANCIAL OFFICER MR. SHAHID YAQOOB

COMPANY SECRETARY MR. MUHAMMAD IMRAN

BANKERS ASKARI BANK LIMITED

AL BARAKA BANK PAKISTAN LIMITED BANK AL HABIB LIMITED

BANK OF PUNJAB LIMITED BANK OF KHYBER

BANK AL-FALAH LIMITED

BANK ISLAMI PAKISTAN LIMITED

DUBAI ISLAMIC BANK PAKISTAN LIMITED FAYSAL BANK LIMITED

HABIB BANK LIMITED

HABIB METROPOLITAN BANK LIMITED MEEZAN BANK LIMITED

PAK KUWAITINVETMENTCOMPANY SONERI BANK LIMITED

MCB ISLAMIC BANK LIMITED

AUDITORS BDO EBRAHIM & CO. CHARTERED ACCOUNTANTS

REGISTRAR F.D REGISTRAR SERVICES (PVT.) LTD.

OFFICE # 1705, 17TH FLOOR, SAIMA TRADE TOWER-A,

I.I. CHUNDRIGAR ROAD, KARACHI.

LEGAL ADVISOR MUHAMMAD AHMED - ADVOCATE

REGISTERED OFFICE OFFICE # 1504, 15TH FLOOR, EMERALD TOWER, BLOCK 5, CLIFTON, KARACHI.

FACTORY F-1, 2, 3, & 13, 14 & 15

HUB INDUSTRIAL TRADING ESTATE DISTRICT LASBELLA, BALOCHISTAN.

PLOT # A-5, N.W.I.Z, PORT QASIM AUTHORITY, KARACHI.

The Board of Directors is pleased to present its review together with unaudited financial statements of the Company for the half year ended December 31, 2025:

OVERVIEW

The country's economy demonstrated encouraging progress during the first half of the financial year. Inflation continued to ease, supported by currency stability. A stable exchange rate, coupled with reductions in interest rates, improved financing conditions for businesses.

However, adverse weather events during the first quarter of the period under review disrupted economic activity, weakened consumer demand, and exerted upward pressure on inflation-potentially reversing the improvements in macroeconomic indicators. In line with these broader economic challenges, the Company experienced a decline in its topline performance during the period. Additionally, rising power costs, driven by higher gas tariffs and increased levies, continue to pose a significant challenge to the business.

OPERATING AND FINANCIAL PERFORMANCE

For the six-month period ending December 31, 2025, the Company recorded net revenue of Rs. 5,988.105 million, reflecting a decrease of 8.92% compared to Rs. 6,574.730 million earned during the corresponding period last year. The cost of sales for the current period stood at Rs. 5,201.760 million, showing a decrease of 7.12% from Rs. 5,600.099 million incurred in the same period of the previous year. Consequently, the gross profit reported for the period under review amounting to Rs. 786.345 million, as against Rs. 974.631 million achieved in the corresponding period of 2025.

Administrative and distribution expenses for the half year were contained at Rs. 106.943 million, compared to Rs. 159.389 million in the same period last year, reflecting the Company's continued focus on cost control and operational efficiency. Increase in other income is mainly due to reversal in provision for expected credit loss (ECL) amounting to Rs. 28.59m recognized during the current period. Finance cost declined to Rs. 289.372 million as compared to Rs. 390.865 million in the previous year, primarily due to lower markup rates during the period.

The share of loss from associates reduced profit before tax by Rs. 53.900 million (2024: Rs. 105.072 million). After accounting for all expenses and charges, the Company reported a net profit after tax of Rs. 218.809 million for the period under review, compared to Rs. 168.792 million earned during the corresponding period last year. The profit is translated into earning per share of Rs. 1.58 (2024: Rs. 1.22).

FUTURE OUTLOOK

Management remains focused on maintaining the Company's market position by investing in growth areas to capitalize on available market opportunities. Through the continued expansion of its core business segments and strategic realignment of operations, the Company aims to further strengthen its financial

position. The Company will continue to mitigate external challenges by leveraging its financial strength and enhancing operational efficiencies.

ACKNOWLEDGEMENT

The Board expresses its gratitude to all the valued shareholders, Federal and Provincial Government functionaries, Banks, financial institutions, suppliers and customers for their unwavering commitment and support to the Company.

The Board also extends its appreciation to the management team, executives, staff members and workers of the company for the valuable contributions, services, loyalty & dedication and recognize that they are most valuable assets of the Company.

For and on behalf of the Board of Directors

YAKOOB HAJI KARIM NOMAN YAKOOB

CHIEF EXECUTIVE DIRECTOR

Date: February 16, 2026 Karachi

Tel: +92 21 3568 3030

Fax: -r92 21 3568 4239

https://www.bdo.com.pk

2nd Floor, Block-C

Lakson Square, Building No. Sarwar Shaheed Road Karachi-74200

Pakistan

INDEPENDENT AUDITOR*5 REPORT ON REVIEW OF CONDENSED INTERIM FINANCIAL STATEMENTS TO

THE MEMBERS

Introduction

We have reviewed the accompanying condensed interim statement of financial position of PAKISTAH SYNTHETICS LIMITED ("the Company") as at December 31, 2025 and the related condensed interim statement of profit or loss, the condensed interim statement of comprehensive income, the condensed interim statement of cash flows, the condensed interim statement of changes in equity and notes to the condensed interim financial statements for the six-month period then ended (here-in-after referred as the "interim financial statements"). Management is responsib(e for the preparation and presentation of these condensed interim financial statements in accordance wich accounting and reporting standards as applicable in Pakistan for interim financial reporting. Our responsibility is to express a conclusion on these condensed interim 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 Auditing and consequently does not enable us to obtain assurance that we would become aware of alt 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 as at and for the six-month period ended December 31, 2025 are not prepared, in a(l material respects, in accordance with accounting and reporting standards as applicable in Pakistan for interim financial reporting.

Other matter

Pursuant to the requirement of Section 237 (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 months period ended December 31, 2025 have not been reviewed by us.

The engagement partner on the review resulting in this independent auditor's report is Tariq Feroz Khan.

BDO EBRA iM a co

KARACHI 4

DATED: ) 8 Ffid /{j§{j

UDIN: RR2O2510166ORjvm0kau

BDO Ebrahim & Co. Chartered Accountants

BDo Ibrahim b Co. , a Pakistan registered partnership firm, 1s a member

CHARTEREDACCOUNTANTS

of BDo International Limited, a UK company im1ted by guarantee,

and forms part of the international BDO network of independent member firms.

PAKISTAN SYNTHETICS LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025

ASSETS

NON-CURRENT ASSETS

December 31, June 30,

2025 2025

Unaudited Audited

Note --------------(Rupees in '000)------------

SHARE CAPITAL AND RESERVES

Authorised share capital

DIRECTOR

CHIEF FINANCIAL OFFICER

The annexed notes from 1 to 23 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE

140,000,000 (June 30, 2025: 140,000,000) ordinary shares of Rs. 10 e Issued, subscribed and paid-up capital

1,400,000 1,400,000

PAKISTAN SYNTHETICS LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THEHALF YEAR AND QUARTER ENDED DECEMBER 31, 2025

)

CHIEF EXECUTIVE

CHIEF FINANCIAL OFFICER

The annexed notes from 1 to 23 form an integral part of these condensed interim financial statements.

DIRECTOR

PAKISTAN SYNTHETICS LIMITED

CONDENSED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME(UN-AUDITED) FOR THEHALF YEAR AND QUARTER ENDED DECEMBER 31, 2025

CHIEF EXECUTIVE

CHIEF FINANCIAL OFFICER

The annexed notes from 1 to 23 form an integral part of these condensed interim financial statements.

DIRECTOR

PAKISTAN SYNTHETICS LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THEHALF YEAR ENDED DECEMBER 31, 2025

-------------------------------------------------- (Rupees in '000) ---------------------------------------------

DIRECTOR

The annexed notes from 1 to 23 form an integral part of these condensed interim financial statements.

CHIEF FINANCIAL OFFICER

CHIEF EXECUTIVE

PAKISTAN SYNTHETICS LIMITED

CONDENSED INTERIM STATO¥IENT OF CASH FLOWS (UN-AUDITED) FOR THE HALF YEAR ENDED DECO¥IBER 31, 2025

Half vear en&d

Capital expenditure

Proceeds from disposal ofproperty, plant and equiprrent Profit on saving accounts

Net cash used in invesring activiiies

CASH FLOYS FRO8J FINANCING ACTfY'ITIES

Payrrient oflease liability Repayment oflong term borrowings Proceeds from long term borrowings

Proceeds from short term murabaha, salam and istisna

(703,SB0)

(389,774)

The annexed notes from 1 to 23 form an integral part of thes e condensed interim financial statements.

DIRECTOR

1. STATUS AND NATURE OF BUSINESS

   PakistanSyntheticsLimited ("the Company") was incorporatedon November18, 1984as a privatelimited companyin Pakistanand subsequentlyconvertedinto a public limited compan on December 31, 1987.The sharesof theCompanyare listed on PakistanStock Exchange witheffectfromJune27, 1995.The principalactivityof theCompanyis manufacturingandsale of Plastic Caps, CrownCaps, PET resin, Preformand BOPET resin. The registeredoffice of the companyis situatedat office no. 1504, 15thFloor, Emerald Tower, Block 5, Clifton, Karachi.

   The manufacturingfacility of the Company is situatedat F-1,2,3 and 13,14 & 15, Hub IndustrialTradingEstate,DistrictLasbe la Balochistanand PlotNo. A-5, N.W.I.Z, PortQasim Authority, Karachi.

2. BASIS OF PREPARATION
   1. Statement of compliance

      These condensedinterim financial statementshave been preparedin accordancewith the accountingand reportingstandardsas applicablein Pakistanfor interimfinancialreporting.The accountingand reportingstandardsas applicable in Pakistan for interim financial reportin comprise of;

      • InternationalAccountingStandard(IAS) 34, "Interim Financial Reporting", issued by the InternationalAccountingStandardsBoard (IASB) as notifiedunderthe CompaniesAct, 2017; and

      • Provisions of, directives and notifications issued under the Companies Act, 2017.

        Wherethe provisionsof, directivesand notificationsissued under the CompaniesAct, 2017 differwiththerequirementsofIAS 34, theprovisionsof, directivesandnotificationissuedunde the Companies Act, 2017 have been fo lowed.

        1. Thedisclosuresmadein thesecondensedinterimfinancialstatemenht avebeenlimited basedon the requirementsof the InternationalAccounting Standard (IAS) 34: 'Interim Financial Reporting'. These condensedinterim informationdoes not include a l the informationand disclosuresrequiredin a ful setof financial statementsand shouldbe readin conjunctionwith theannualpublishedauditedfinancialstatementsof theCompanyfor the yearendedJune30,

           2025.

        2. The comparativecondensedinterimstatementof financialpositionpresentedin this condense interimfinancialstatemenht as beenextractedfromtheauditedannualfinancialstatementsofthe Companyfor the year ended June 30, 2025, whereas,the comparativecondensedinterim statementof profitor loss, condensedinterimstatementof comprehensiveincome, condense interim statementof cash flows and condensedinterim statementof changesin equity are extractedfrom the unauditedcondensedinterim financial informationfor the period ended December 31, 2024.

        3. These condensedinterim financial statementare unaudited.However, a review has been performed by the statutory auditors.

   2. Basis of measurement

      These condensedinterim financial statementshave beenpreparedunder the historical cost convention except as stated otherwise.

   3. Functional and presentation currency

      Thesecondensedinterimfinancialstatementshave beenpresentedin PakistaniRupee, whichis the functional and presentation currency of the Company.

3. MATERIAL ACCOUNTING POLICY INFORMATION

   1. The accountingpolicies adoptedand methodsof computationin the preparationof these condensedinterimfinancialstatementares consistentwiththoseappliedin thepreparationofthe annual audited financial statements for the year ended June 30, 2025

   2. Changes in accounting standards, interpretations and evaluation of accounting and reporting standards

      1. Standards, amendmentsand interpretations to approvedaccountingstandards that are effective during the period ended December 31, 2025

         There are certainamendmentsto the published accountingand reportingstandardsthatare mandatoryfor the Company'sannualaccountingperiod beginningon July 1, 2025.However thesedo nothaveanysignificantimpacton theCompany'soperationsand, therefore,havenot been detailed in these condensed interim financial information.

      2. Standards, amendmentsand interpretationsto existingapprovedaccountingstandards that are not yet effective and have not been early adopted by the Company

      There are certainnew standardsand amendmentsto the publishedaccountingand reportin standards that wil be applicable to the Company for its annual periods beginning on or a 1, 2026.However,theseare notconsideredto be relevantor wil nothaveany materialeffec on the Company's financial information except for:

      The newstandard- IFRS 18 Presentationand Disclosurein FinancialStatements(IFRS 18) (publishedin April 2024)withapplicabilitydateof January1, 2027by IASB. IFRS 18 when adoptedand applicable sha l impact the presentationof 'Income Statement'with certain additional disclosures in the financial statements; and

      Amendmentsto IFRS 9 'Financial Instruments'which clarify the date of recognitionand derecognitionof a financial assetor financial liability including settlementof liabilities throug bankinginstrumentsandchannelsincludingelectronictransferswitheffectivedateof January1, 2026.The amendmentwhenappliedmayimpactthetimingof recognitionand derecognitionof financial assets or financial liabilities.

4. SIGNIFICANT ESTIMATES, ASSUMPTION AND JUDGEMENTS

   The preparationof condensedinterim financial statementsrequires managementto make judgements,estimatesandassumptionsthataffecttheapplicationofaccountingpolicies andthe reportedamounts.Actualresultsmay differ fromthesejudgement,estimatesandassumptions The accounting,estimatesand judgementsmade by the managementin the preparationof condensedinterim financial statementsare the same as thoseapplied in the annualaudited financial statements of the company for the year ended June 30, 2025.

5. PROPERTY, PLANT AND EQUIPMENT

   Note

   December 3 June 30,

   2025 2025

   Unaudited Audited (Rupees in '000)

   Operating fixed assets 5.1 3,567,071 2,892,449

   Capital work-in-progress 293,901 526,306

   3,860,972 3,418,755

   1. Operating fixed assets

      Opening net book value	2,892,448	2,765,183
      Addition / transfer during the period / year (at cost)	938,174	598,216
      Disposal during the period / year	(1,692)	(4,000)
      Depreciation charge for the period / year	(261,859)	(466,950
      Closing net book value	3,567,071	2,892,449

6. INVESTMENT IN ASSOCIATE

   Carrying value		974,895	1,179,443
   Share of loss from associate		(53,900)	(204,548
   	6.1	920,995	974,895

   1. This represent shareholdingof 17.61% (2025:18.24%) comprisingof 150,000,000shares (2025:150,000,000)of PetpakFilms (Private) Limited, original costof theshareswas Rs.

      10/share.

7. STOCK-IN-TRADE Note December 3 June 30, 2025 2025 Unaudited Audited (Rupees in '000)

   Raw and packing material

   - in hand 1,402,790 748,845

   - in transit 83,987 832,568

   1,486,777 1,581,413

   Work-in-proces - 380,522

   Finished goods 1,974,674 1,011,853

   3,461,451 2,973,788

8. TRADE DEBTS

   Unsecured - considered goo

   Trade debts 2,669,917 2,840,504

   Less: A lowance for expected credit losses 8.1 (211,619) (240,215

   2,458,298 2,600,289

   8.1. Allowance for expected credit losses

   Opening balance	240,215	226,517
   (Reversal) / charge for the period / year	(28,596)	13,698
   Closing balance	211,619	240,215

9. CASH AND BANK BALANCES

   Cash in hand 4,753 1,389

   Bank balances with Islamic banks

   • current accounts 5,730 9,198

   • saving accounts 9.1 1,327 997

     7,057 10,195

     with conventional banks

     2,789	15,553
     -	488

   • current accounts

   • saving accounts 9.2

   2,789 16,041

   14,599 27,625

   1. Rate of profit on saving accountswith Islamic banks is 7.5% per annum(2025: 8.5% per annum).

   2. Rate of profiton saving accountswithconventionalbank is 11.5% perannum(2025:10.5% per annum).

      Note December 3 June 30, 2025 2025 Unaudited Audited (Rupees in '000)
10. LONG TERM BORROWINGS - SECURED

    Loans from Islamic financial institutions

    766,187	456,989
    432,258	494,158

    Long term finance facility - diminishing musharak Islamic temporary economic refinance facility (ITERF)

    1,198,445 951,147

    Deferred income - government grant (50,374) (61,927) Current portion shown under current liabilities (163,504) (187,628

    984,567 701,592

11. SHORT TERM BORROWINGS - SECURED

    Conventional financing

    Running finance under mark-up arrangement 272,558 137,396 Islamic financing

    Murabaha 517,552 403,308

    Istisna 1,110,965 1,190,678

    Running Musharakah 2,304,197 686,229

    4,205,272 2,417,611

12. CONTINGENCIES AND COMMITMENTS

    1. Contingencies

       The statusof contingenciesas at December31, 2025are sameas disclosedin annualaudited financial statements for the year ended June 30, 2025.

    2. Commitments

       The Company has facilities of Rs. 4,600 milion (2025: Rs. 4,600 milion) for opening lett credit.At December31, 2025,theopenlettersof creditsfor stockin trade,storesandspares and capital commitment amounted to Rs. 352.405 milion (2025: Rs. 2,566.75 milion).

       The facility for openingletterof guaranteesfrom a banking companyamountedto Rs. 700 milion (2025:Rs. 700milion). Bank guaranteesamountingto Rs. 613.860milion (2025:Rs. 538.86 milion) have been issued in favour of Sui SouthernGas Company Limited and Collector of Customsfor paymentof gas bils and clearanceof import consignmentwhile submittingbank guaranteeagainstexcise dutyand income tax to be depositedwith nationa exchequer at import stage.

13. REVENUE FROM CONTRACTS WITH CUSTOMERS

    Half year ended Quarter ended

    December	December	December	December
    2025	2024	2025	2024

    -------------------------------- 'Unaudited -------------------------

    ----------------------------- (Rupees in '000) ----------------------

    Gross sales 6,998,559 7,801,469 3,750,739 3,304,072

    Sales tax (1,010,454) (1,226,739) (507,368) (230,235)

    5,988,105 6,574,730 3,243,371 3,073,837

14. TAXATION

    Current 125,553 199,651 3,673 84,870

    Deferred 11,242 (73,577) 35,787 (46,309)

    136,795 126,074 39,460 38,561

15. EARNINGS PER SHARE - BASIC AND DILUTED

    Basic earningspershareis calculatedby dividing theprofitattributableto equityholdersoftheCompanyto theweightedaveragenumberofordinarysharesin issue duringtheperiod.Thereis no dilutiveeffectonthe basic earnings per share of the Company.

    Profit for the period (Rs. '000)	218,809	168,792	88,980	70,852
    Weighted average number of
    ordinary shares outstanding
    during the period	138,699,000	138,699,000	138,699,000	138,699,000
    Earnings per share -
    basic and diluted (Unaudited)	1.58	1.22	0.64	0.51

16. CASH (USED IN) /GENERATED FROM OPERATIONS

    Half year ended December 31, December 31,

    2025 2024

    -------------'U--naudited -----------

    ---------(-R- upees in '000) --------

    Profit before tax 355,604 294,866

    261,858	231,092
    2,472	4,944
    53,900	105,072
    -	12,745

    Adjustment for non-cash charges and other items: Depreciation onproperty, plant and equipment Depreciation onright of use asset

    Share ofloss oninvestment in associates Reversal ofprovision against expected credit loss

    Unrealised gain /loss remeasurement of short term investment

    Interest expense onlease liability

    Amortisation ofdeferred income - government grant Finance costs

    Interest expense onGIDC Unrealised exchange (gain)/loss Profit onsaving accounts

    Working capital changes Increase in current assets:

    Stores and spares Stock in trade Trade debts

    Loans and advances

    Short term deposits and prepayments Short term investment

    Other receivables

    (Decrease) /increase in current liabilities

    -	1,298
    -	631
    (11,553)	(13,355)
    288,982	386,129
    -	984
    (5,537)	1,717
    (496)	(536)

    589,626 730,720

    (90,632)	(69,828)
    (487,663)	(763,093)
    141,991	213,136
    13,431	123,012
    (94,631)	(11,701)
    380	-
    (196,666)	(104,944)

    (713,792) (613,418)

    Trade and other payables (1,129,374) 1,221,779

    (1,843,166) 608,361

    Long term loan to employees - net (10,769) (485)

    Net cash (used in) /generated fromoperations (908,705) 1,633,462

17. TRANSACTIONS AND BALANCES WITH RELATED PARTIES

    The related parties comprise of entities over which the Company is able to exercise significant influence, entities with commondirectors, major shareholders, staff retirement benefits, directors and key management personnel. Transactions with related parties are entered into at commercial terms, as per the terms of employment and actuarial advice, as the case may be. The name, nature and basis ofrelationships are:

    Name of related party

    Amna Industries (Private) Limited Petpak Films (Private) Limited

    3M Industries (Private) Limited

    Al-Hilal Shariah Advisors (Private) Al-Hilal Securities Advisors (Private)

    Akaz Brands (Private) Limited

    Key management personnel

    Nature of relationship Basis of relationship

    Associated Company Common directorship Associated Company Shareholding and directorship

    Associated Company Common directorship

    Associated Company Common directorship

    Associated Company Common directorship

    Associated Company Common directorship

    Related parties Executives

    Details of transactions with and balances from / to related parties, other than those which have been specifically disclosed elsewhere in these condensed interim financial statements are as fo lows:

    1. Transactions during the period

       Key management personnel compensation

       Half year ended December 31, December 31,

       2025 2024

       -------------'U--naudited -----------

       ---------(-R- upees in '000) --------

       Managerial remunerations	17,823	34,944
       Others	1,129	3,026
       Mr. Mubbashir Amin (Non-Executive Director)	1,612	2,810

       The directors and most of the executive of the company are provided with free use of the company maintained cars.

       Associated Company

       Petpak Films(Private) Limited

       Share ofloss oninvestment in Associate	53,900	105,072
       Sales ofgoodsto Petpak Films (Private) Limited	-	290,614

    2. Period /year end balances

December 31, June 30,

2025 2025

Unaudited Audited

---------(-R- upees in '000) --------

Associated Company

Petpak Films(Private) Limited

Investment 920,995 974,895

1. FINANCIAL RISK MANAGEMENT

   The Company's financial risk management objective and policies are consistent with that disclosed in the annual audited financial statements for the year ended June 30, 2025.

2. FAIR VAFAIR VALUE MEASUREMENT - FINANCIAL INSTRUMENTS

   The carrying values of all financial assets and liabilities reflected in the unconsolidated condensed interim financial statements approximate their fair values. Fair value is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

   The Company uses the fo lowing hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:

   Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

   Level 2: inputs other than quoted prices included within level 1 that are observable for the asset either directly or derived fromprices.

   Level 3: inputs for the asset or liability that are not based onobservable market data (unadjusted) inputs.

   The fo lowing table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy:

   December 31, 2025 U( naudited)

   Level 1 Level 2 Level 3 Total

   ------------------------(-R- upees in '000) --------------------------

   - Listed equity securities	3,728	-	-	3,728
   - Mutual funds	-	1,141	-	1,141
   	3,728	1,141	-	4,869

   December 31, 2024 U( naudited)

   Level 1 Level 2 Level 3 Total

   ------------------------(-R- upees in '000) --------------------------

   - Listed equity securities	4,403	-	-	4,403
   - Mutual funds	-	846	-	846
   	-	-	-	5,249

   1. The fair value of the securities have been assessed through market value deployed at Pakistan Stock Exchange(PSX) website.

   2. The fair value of the mutual funds have been assessed through out MUFAP's website.

   3. All other assets and liabilities carrying amount is approximately equal to there fair values.

3. SHARIAH COMPLIANT DISCLOSURE

   December 31, June 30,

   2025 2025

   Unaudited Audited

   ---------(-R- upees in '000) --------

   Statement of Financial Position Shariah complaint

   Short term deposits	155,039	80,650
   Short term investment	4,869	846
   Bank balances	7,057	10,195
   Long-term borrowing	1,198,445	951,147
   Short-term borrowing	3,932,714	2,280,215
   Accrued markup	62,820	40,671

   Non-Shariah complaint

   Bank balances	2,789	16,041
   Short-term borrowing	272,558	137,396
   Accrued markup	360	2,379

   Statement of Profit or loss

   Shariah complaint Profit onbank balances	356	527
   Unrealise loss onshort term investment	(630)	(3,023)
   ‌Markup onfinancing	278,216	628,691
   Non-Shariah complaint Profit onbank balances	141	829
   Markup onfinancing	11,156	17,429

4. CORRESPONDING FIGURES

   Certain corresponding figures have been rearranged and reclassified, wherever necessary for the purpose ofcomparison and better presentation.

5. GENERAL

   Amounts have been rounded off to the nearest thousands ofrupees unless otherwise stated.

   Thesecondensedinterimfinancialstatementshave beenauthorizedfor issueon16-FEB-2026by theBoard of Directors of the Company.

   CHIEF EXECUTIVE

   DIRECTOR

   CHIEF FINANCIAL OFFICER

   
   
   

6. DATE OF AUTHORIZATION FOR ISSUE