Q1- Report- 2025

04

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06-07

08-09

10-11

12

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16-25

28-29

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31

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3

34-46

Board of Directors Corporate Information Directors' Review

Condensed Interim Financial Statements Condensed Interim Statement of Financial Position Condensed Interim Statement of Profit or Loss

Condensed Interim Statement of Comprehensive Income Condensed Interim Statement of Cash Flows

Condensed Interim Statement of Changes in Equity

Notes to and Forming Part of the Condensed Interim Financial Statements

Condensed Consolidated Interim Financial Statements Condensed Consolidated Interim Statement of Financial Position Condensed Consolidated Interim Statement of Profit or Loss

Condensed Consolidated Interim Statement of Comprehensive Income Condensed Consolidated Interim Statement of Cash Flows

Condensed Consolidated Interim Statement of Changes in Equity

Notes to and Forming Part of the Condensed Consolidated Interim Financial Statements

BOARD OF DIRECTORS

Chairman PTCL Board

Zarrar Hasham Khan

Members PTCL Board

Abdulrahim A. Al Nooryani Ahad Khan Cheema Imdad Ullah Bosal

4

Jawad Paul Khawaja Nazih El Hassanieh Brooke Marie Lindsay Marwan Bin Shakar Khaled Hegazy

CORPORATE INFORMATION

Management

Hatem Mohamed Bamatraf

President & Group Chief Executive Officer

Mohammad Nadeem Khan

Group Chief Financial Officer

Naveed Khalid Butt

Group Chief Regulatory Officer

Zahida Awan

Group Chief Legal Officer &

Company Secretary

Jafar Khalid

Group Chief Technology & Information Officer

Ahmad Kamal

Group Chief Customer Care Officer

Muhammad Shehzad Yousuf

Chief Retail Sales Officer-Fixed Line

Shahid Abbas

Group Chief Internal Auditor

Syed Atif Raza

Group Chief Commercial Officer & Group Chief Marketing Officer

Asif Ahmad

Group Chief Business Solutions Officer

Syed Mazhar Hussain

Advisor to President & Group CEO

Legal Advisor & Company Secretary

Zahida Awan

Group Chief Legal Officer &

Company Secretary

Registered Office

PTCL Head Office,

Room #17, Ground Floor (Margalla Side), Ufone Tower, Plot #55-C,

Main Jinnah Avenue, Sector F-7/1, Blue Area, Islamabad

Fax: +92-51-2310477

Email: company.secretary@ptclgroup.com Web: https://www.ptcl.com.pk

Auditors

EY Ford Rhodes

5

Chartered Accountants

Bankers

Conventional

Allied Bank Limited Askari Bank Limited Bank Alfalah Limited Bank Al Habib Limited Citibank N.A. Deutsche Bank A.G.

Industrial and Commercial Bank of China Faysal Bank Limited

First Women Bank Limited Habib Bank Limited

Habib Metropolitan Bank Limited JS Bank Limited

MCB Bank Limited National Bank of Pakistan Samba Bank Limited Soneri Bank Limited

Standard Chartered Bank (Pakistan) Limited Bank Makramah Limited

The Bank of Khyber The Bank of Punjab United Bank Limited

Zarai Taraqiati Bank Limited Mobilink Microfinance Bank Limited Telenor Microfinance Bank Limited U Microfinance Bank Limited

Pak Kuwait Investment Company Limited

Pak Brunei Investment Company Limited

Islamic

Al Baraka Bank (Pakistan) Limited BankIslami Pakistan Limited

Dubai Islamic Bank Pakistan Limited Meezan Bank Limited

MCB Islamic Bank Limited

Share Registrar

FAMCO Share Registration Services (Pvt) Limited

8-F, Near Hotel Faran, Nursery,

Block-6, P.E.C.H.S., Shahra-e-Faisal, Karachi. Tel: +92-21-34380101-2

Fax: +92-21-34380106

Email:info.shares@famcosrs.com

DIRECTORS' REVIEW

The Directors of Pakistan Telecommunication Company Limited (PTCL) are pleased to present to the shareholders the financial statements of the Company for the three months ended 31st March 2025.

In the first three months of 2025, the PTCL Group has sustained its strong performance, reinforcing its position as Pakistan's leading integrated telecom service provider. The Group has achieved an impressive 22% increase in revenue compared to the same period last year. This substantial growth can be mainly attributed to excellent performance in multiple segments, including fixed broadband, mobile data, business solutions and microfinance.

Macroeconomic conditions in the country have shown significant improvement. Interest rates have declined by 45% compared to the same period last year, while the inflation rate dropped to 0.7% in March 2025, down from 20.7% in March 2024. Additionally, energy costs have decreased, and the currency remained stable throughout the period. These positive developments in the macroeconomic environment contributed to the Group achieving an operating profit of Rs 2.4 billion.

PTCL Group's revenue is Rs 61.8 billion which is 22% higher than in the same period of last year. The Group has recorded an operating profit of Rs 2.4 billion and posted a net loss of Rs 3.9 billion for the period. PTCL sustained its growth momentum by posting 14% YoY revenue growth. PTML's (Ufone) revenue grew notably by 21% as compared to the same period of last year, while Ubank achieved revenue growth of 77% as compared to the same period of last year.

PTCL continued its upward growth trend, posting a 14% YoY increase in revenue to Rs. 29.6 billion, contributed primarily by 70% revenue growth in Flash Fiber and 23% revenue growth in Business Solutions versus the same quarter last year.

PTCL's aggressive FTTH expansion has fueled its remarkable topline growth. Building on last year's momentum, PTCL prioritized on delivering the fastest and most reliable internet services through its flagship 'Flash Fiber' that remained No. 1 FTTH service in Pakistan. During Q1, 2025, Flash Fiber proudly surpassed 700K customers across the country leading to a YoY subscriber growth of 50%.

PTCL's Enterprise Business grew by 23% as compared to same period last year, while Carrier and Wholesale business continued its growth momentum and achieved 24% overall revenue growth. International segment revenue has increased by 8% as compared to the same period last year.

The business services segment strengthened its market dominance and maintained its leading position in IP Bandwidth, Cloud, Data Center, and other ICT services segments.

In Q1 2025, PTCL remained at the forefront with digital transformation by introducing industry-first WhatsApp-based bill payment solution in Pakistan, offering customers unmatched convenience, security, and accessibility in paying their monthly PTCL Bills. The initiative is a significant step towards advancing 'Digital Pakistan'.

PTML's (Ufone 4G's) revenue grew by 21% compared to Q1, 2024. PTML posted an increase in operating profit by 11% during the quarter as compared to last quarter of 2024 driven by an enhanced customer experience and increased digital engagement through a range of data-centric products and strategic partnerships.

Ufone's impressive 4G expansion reflects its strong commitment to customer satisfaction and digital innovation. Ufone 4G continued to enrich customer experiences with pioneering products and offers in Q1'25, including:

• More Data, More Fun with Super 5: Ufone 4G's 'Super 5' package, a comprehensive connectivity solution designed for groups of up to five individuals, enabling seamless sharing of resources that provide uninterrupted communication and internet access for families, friends, or small teams.

• PTML's digital brand is redefining the traditional telecom experience with key achievements including 183% growth in subscribers.

During Q1, 2025, PTCL Group continued its commitment to giving back to the community through various initiatives by uplifting lives and transform society through its social impact platform 'Dil Se', designed to promote digital inclusion, compassion and innovation.

Women Empowerment (Ba-Ikhtiar Program)

In this quarter, under the flagship Social Impact initiative, Dil Se 'Ba-Ikhtiar', the talented entrepreneurs enrolled in the program designed Peshawar Zalmi's kit. More than just a jersey, it stands as a symbol of strength, resilience, and empowerment. The road ahead will include expansion in more than 20 districts and facilitate startup registrations with seed funding to scale their businesses.

Women Career Summit by Pink Collar

PTCL Group partnered with Pink Collar to facilitate Pakistan's inaugural Women Career Summit in Lahore. The summit drew 30 leading corporates conducting recruitment drives. The summit also provided Ba-Ikhtiar beneficiaries a valuable platform to connect with industry leaders and inspire fellow entrepreneurs.

Inclusivity and Accessibility

PTCL Group partnered with ConnectHear on GSMA project, providing free data for the ConnectHear app and enabling deaf individuals to access interpreters and receive early warning video messages during disasters.

The management and employees of PTCL Group remain committed to providing quality services at competitive prices through concerted efforts to be the partner of choice for our customers and to improve shareholders' value.

On behalf of the Board

Zarrar Hasham Khan Hatem Mohamed Bamatraf

Chairman, Board of Directors PTCL President & Group Chief Executive Officer Islamabad: April 21, 2025

AS AT MARCH 31, 2025

March 31, December 31,

2025 2024

(Un-Audited) (Audited)

Note Rs '000 Rs '000

Equity and liabilities Equity

Share capital and reserves

Share capital

51,000,000

51,000,000

Revenue reserves General reserve

Unappropriated profit

27,497,072

37,786,648

65,283,720

116,283,720

27,497,072

36,610,433

64,107,505

115,107,505

Liabilities

Non-current liabilities Employees retirement benefits Deferred government grants Long term loans from banks Contract liabilities

Lease liabilities

6

126,430,699

124,625,359

Current liabilities

Trade and other payables Short term running finance Security deposits Unclaimed dividend

Current maturity of lease liabilities

Current portion of long term loans from banks

7

8

227,557,212 217,953,449

Total equity and liabilities 470,271,631 457,686,313

Contingencies and commitments 13

The annexed notes 1 to 21 are an integral part of these condensed interim financial statements.

Chief Financial Officer President & CEO Chairman

Total assets

470,271,631

457,686,313

Chief Financial Officer President & CEO Chairman

FOR THE THREE MONTHS ENDED MARCH 31, 2025 (UN-AUDITED)

Three months ended

The annexed notes 1 to 21 are an integral part of these condensed interim financial statements.

Chief Financial Officer President & CEO Chairman

CONDENSED INTERIM

FOR THE THREE MONTHS ENDED MARCH 31, 2025 (UN-AUDITED)

Three months ended March 31, March 31,

2025 2024

Rs '000 Rs '000

The annexed notes 1 to 21 are an integral part of these condensed interim financial statements.

Chief Financial Officer President & CEO Chairman

FOR THE THREE MONTHS ENDED MARCH 31, 2025 (UN-AUDITED)

Three months ended

The annexed notes 1 to 21 are an integral part of these condensed interim financial statements.

Chief Financial Officer President & CEO Chairman

CONDENSED INTERIM

FOR THE THREE MONTHS ENDED MARCH 31, 2025

Issued, subscribed and paid-up capital Revenue reserves

General Unappropriated

Class "A" Class "B" Total reserve profit Total

(Rupees in '000)

Balance as at January 01, 2024 (Audited) 37,740,000 13,260,000 51,000,000 27,497,072 38,871,108 117,368,180

Total comprehensive income for the three months period ended Profit for the period ended March 31, 2024

Other comprehensive income / (loss) - net of tax

First Quarter Report 2025

President & CEO

- - - - 431,245 431,245

Chief Financial Officer

Balance as at March 31, 2024 (Un-Audited) 37,740,000 13,260,000 51,000,000 27,497,072 39,302,353 117,799,425

Chairman

15

The annexed notes 1 to 21 are an integral part of these condensed interim financial statements.

1. THE COMPANY AND ITS OPERATIONS

   Pakistan Telecommunication Company Limited ("PTCL", "the Company") was incorporated in Pakistan on December 31, 1995 and commenced business on January 01, 1996. The Company, which is listed on the Pakistan Stock Exchange Limited (PSX), was established to undertake the telecommunication business formerly carried on by the Pakistan Telecommunication Corporation (PTC). PTC's business was transferred to the Company on January 01, 1996 under the Pakistan Telecommunication (Re-organization) Act, 1996, on which date, the Company took over all the properties, rights, assets, obligations and liabilities of PTC, except those transferred to the National Telecommunication Corporation (NTC), the Frequency Allocation Board (FAB), the Pakistan Telecommunication Authority (PTA) and the Pakistan Telecommunication Employees Trust (PTET). The registered office of the Company is situated at PTCL Head office, Room No. 17, Ground Floor (Margalla side), Ufone Tower Plot No. 55-C, Main Jinnah Avenue, Blue Area, Sector F-7/1 Islamabad.

   The Company provides telecommunication services in Pakistan. It owns and operates telecommunication facilities and provides domestic and international telephone services and other communication facilities throughout Pakistan. The Company has also been licensed to provide such services in territories of Azad Jammu and Kashmir and Gilgit-Baltistan.

   The Company has signed a Share Purchase Agreement with Telenor Pakistan B.V. (Telenor) in 2023 to acquire a 100% stake in Telenor Pakistan (Pvt) Ltd (Telenor Pakistan) and Orion Towers (Pvt) Ltd based on an Enterprise Value of Rs. 108,000,000 thousands on a cash free, debt free basis. The transaction will be financed through a seven year (with one year grace period) US Dollar syndicated Financing Facility amounting to USD 400,000 thousand led by International Finance Corporation (IFC) and the relevant Financing agreements have been signed on June 27, 2024. This transaction is subject to necessary regulatory approvals.

2. STATEMENT OF COMPLIANCE

   These condensed interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:

   • International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and

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

     Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.

     These financial statements are the condensed separate financial statements of the Company. In addition to these condensed separate financial statements, the Company also prepares condensed consolidated financial statements.

3. BASIS OF PREPARATION

   These condensed interim financial statements do not include all of the information required in the annual financial statements prepared in accordance with the approved accounting and reporting standards as applicable in Pakistan. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Company's financial position and performance since the last annual financial statements. These condensed interim financial statements should be read in conjunction with the Company's latest annual financial statements as at and for the year ended December 31, 2024.

4. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

   The preparation of these condensed interim financial statements in conformity with approved accounting and reporting standards requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies. Estimates and judgments are continually evaluated and are based on historic experience including expectations of future events that are believed to be reasonable under the circumstances.

   Estimates and judgments made by the management in the preparation of these condensed interim financial statements are the same as those used in the preparation of the audited financial statements of the Company for the year ended December 31, 2024.

5. MATERIAL ACCOUNTING POLICIES

The accounting policies and the methods of computations adopted in the preparation of these condensed interim financial statements are consistent with those followed in the preparation of the Company's audited financial statements for the year ended December 31, 2024.

March 31, December 31,

2025 2024

(Un-Audited) (Audited)

Note Rs '000 Rs '000

March 31, December 31,

2025 2024

(Un-Audited) (Audited)

Rs '000 Rs '000

7.2 Liability has not been settled since State Bank of Pakistan has not yet acknowledged the extension of Technical Service Assistance (TSA) Agreement.

1. SHORT TERM RUNNING FINANCE

   These facilities are obtained from various commercial banks with an aggregate limit of Rs 35,550,000 thousand (December 31, 2024: 31,550,000 thousand) and are secured against 1st pari passu charge on present and future current assets and all other movable assets of the Company. These facilities carry markup rates ranging from 1-month KIBOR to 3-month KIBOR plus weighted average rate of 0.27% (December 31, 2024: 1-month KIBOR to 6-month KIBOR plus weighted average rate of 0.17%) per annum.

   This also include shariah compliant, rated, unlisted, unsecured, privately placed short term sukuk amounting to Rs 22,500,000 thousand (December 31, 2024: 20,000,000 thousand) issued to meet the working capital requirements with a tenor of 6 months from the issue date (December 31, 2024: 6 months from the issue date) carrying mark-up rates of 3-month KIBOR plus weighted average rate of 0.03% (December 31, 2024: 6-month KIBOR plus weighted average rate of 0.13%) per annum. Habib Bank Limited was a mandated lead advisor, arranger and investment agent for the sukuk. The issuer has the right to exercise call option on or after 3 months from issue date.

   March 31, December 31,

   2025 2024

   (Un-Audited) (Audited)

   Note Rs '000 Rs '000

   9. PROPERTY, PLANT AND EQUIPMENT Operating fixed assets 9.1 Capital work-in-progress 9.3	142,453,446 20,907,611	138,294,889 22,877,614
   	163,361,057	161,172,503

   March 31, March 31,

   2025 2024

   (Un-Audited) (Un-Audited)

   Note Rs '000 Rs '000

   9.1 Operating fixed assets Opening net book value Additions during three month period ended 9.2	138,294,889 8,939,087	123,757,109 7,693,282
   	147,233,976	131,450,391
   Disposals during the period - at net book value	(31,362)	(5,029)
   Depreciation charge for the period	(4,749,168)	(4,453,922)
   	(4,780,530)	(4,458,951)
   Closing net book value	142,453,446	126,991,440
   9.2 Detail of additions during the period:
   Buildings on freehold land	34,969	121,577
   Buildings on leasehold land	111,736	15,810
   Lines and wires	5,270,069	2,143,247
   Apparatus, plant and equipment	3,412,615	5,261,418
   Office equipment	16,185	106,773
   Computer equipment	81,902	38,351
   Furniture and fittings	-	3,255
   Vehicles	11,611	2,851
   	8,939,087	7,693,282

2. 3 Additions to Capital work-in-progress during the three months period ended March 31, 2025 were Rs 7,127,299 thousand (March 31, 2024: Rs 9,727,891 thousand).

March 31, December 31,

2025 2024

(Un-Audited) (Audited)

Rs '000 Rs '000

March 31, December 31,

2025 2024

(Un-Audited) (Audited)

Note Rs '000 Rs '000

12.1 Bank balance includes Rs 51,564 thousand (December 31, 2024: Rs 212,391 thousand) carrying

profit rates ranging from 4.78% to 11% (December 31, 2024: 7% to 21%) per annum from Shariah arrangements.

1. CONTINGENCIES AND COMMITMENTS

   There has been no material change in contingencies as disclosed in the last audited financial statements of the Company for the year ended December 31, 2024, except in note 13.1 in the following:

   1. For the tax years 2007, 2009, 2010, 2011 to 2023, Taxation Officer disallowed certain expenses, tax credits and levied short deduction of withholding tax (WHT). The impugned orders were challenged at the relevant appellate forums which allowed partial relief thereof. After taking into account the orders of CIR (Appeals), ATIR as well as rectification orders tax impact of the disallowances is Rs 58,387,332 thousand. Appeals on the remaining outstanding items are pending adjudication before ATIR. Reference in respect of 2007 is subjudice before the Honorable Islamabad High Court. Stay has been obtained in all cases from different fora. The CIR (Appeals) have remanded back the disallowances relating to tax years 2014 and 2020 having tax impact of Rs. 5,937,972 thousand to Taxation Officer.

   2. In 2010, Pakistan Telecommunication Employees Trust ("PTET") board approved the pension increase which was less than the increase notified by the Government of Pakistan ("GoP"). Thereafter, pensioners filed several Writ Petitions. After a series of hearings, on June 12, 2015, the Apex Court decided the case in the interest of pensioners. On July 13, 2015, Review Petition was filed in Supreme Court of Pakistan against the Judgment of June 12, 2015.

      The Honorable Supreme Court of Pakistan (Apex Court) disposed the Review Petitions filed by the Company, the Pakistan Telecommunication Employees Trust (PTET) and the Federal Government (collectively, the Review Petitioners) vide the order dated May 17, 2017. Through the said order, the

      Apex Court directed the Review Petitioners to seek remedy under section 12(2) CPC (Civil Procedure Code) which shall be decided by the concerned Court in accordance with the law, and to pursue all grounds of law and fact in other cases pending before High Courts. The Review Petitioners filed the applications under section 12(2) CPC before respective High Courts, however the same were dismissed by the Islamabad High Court vide Judgment dated January 22, 2018, as being not maintainable. The said order of the Islamabad High Court was challenged by the Company and PTET before the Supreme Court which was pleased to recently dispose of the Appeals vide its order dated April 29, 2024 and remanded back the 12(2) applications to the High Court(s) for recalling the earlier order in respect of those Petitioners who opted for VSS. The fresh 12(2) applications were filed before the Honorable Islamabad and Peshawar High court(s) and the cases have been admitted for hearing vide order dated June 24, 2024 and July 11, 2024, respectively. Both the high courts have issued notices to the VSS optees seeking pension. The applications before the Islamabad High Court are fixed for hearing on April 17, 2025 and on April 08, 2025 before the Peshawar High Court.

      PTET has implemented the Apex court decision dated June 12, 2015 to the extent of 342 pensioners who were the petitioners in the main case. Some of the interveners (pensioners) seeking the same relief as allowed vide order dated June 12, 2015, have been directed by the Apex Court to approach the appropriate forum on May 10, 2018. Islamabad High Court on November 02, 2021, has decided that the GOP increases are not allowed to VSS optees, PTC pensioners and to the workmen. To the extent of Civil Servants, the Islamabad High Court allowed the GOP increase. However, to the same extent appeal has been filed before Apex court within the limitation. The pension cases before the Supreme Court were fixed on February 11, 2025 and the Court directed the pensioners, PTCL and PTET to submit their written submissions/arguments. The court has reserved the judgment, however, the matter may be fixed for hearing if the Court requires any further clarification after thorough review of the submissions. Under the circumstances, management of the Company, on the basis of legal advice, believes that the Company's obligations against benefits is restricted to the extent of pension increases as determined solely by the Board of Trustees of the PTET in accordance with the Pakistan Telecommunication (Re-Organization) Act, 1996 and the Pension Trust Rules of 2012 and accordingly, no provision has been recognized in the Company's financial statements.

      Due to complexity of the matter and varying decisions from courts in this regard, it is not practical to estimate reliably the financial impact, in case of unfavorable outcome of this matter, before its conclusion.

      March 31, December 31,

      2025 2024

      (Un-Audited) (Audited)

      Note Rs '000 Rs '000

      13.3 Guarantees and bid bonds issued in favour of : Universal Service Fund (USF) against government grants Others 13.3.1	8,099,522 3,217,531	9,270,431 3,252,806
      	11,317,053	12,523,237
      Corporate guarantee in favour of PTML Corporate guarantee in favour of Ubank	71,497,000 -	65,497,000 10,000,000
      	71,497,000	75,497,000

      13.3.1 Others includes bank guarantee given on behalf of DVCOM Data (Private) Limited to PTA amounting to Rs 675,000 thousand (December 31, 2024: Rs. 675,000 thousand).

      March 31, December 31,

      2025 2024

      (Un-Audited) (Audited)

      Rs '000 Rs '000

      13.4 Commitments Contracts for capital expenditure Letter of comforts in favour of PTML	8,493,573 3,500,000	10,275,706 3,500,000
      	11,993,573	13,775,706

2. REVENUE

   The Company principally obtains revenue from providing telecommunication services such as Broadband, IPTV, Voice, data, wireless services, interconnect, corporate and international services.

   For bundled packages, the Company accounts for individual products and services separately if they are distinct i.e. if a product or service is separately identifiable from other items in the bundled package and if a customer can benefit from it. The consideration is allocated between separate products and services in a bundle based on their stand alone selling prices.

   The Company generates revenue from the following performance obligations of its telecommunication services.

   Three months ended

   March 31, March 31,

   2025 2024

   (Un-Audited) (Un-Audited)

   Rs '000 Rs '000

   Revenue segments
   Broadband and IPTV	13,595,081	11,870,516
   Voice services	2,038,138	2,169,476
   Wireless data	121,378	354,427
   Revenue from retail customers	15,754,597	14,394,419
   Corporate and wholesale	11,235,255	9,105,068
   International	2,611,032	2,424,359
   Total revenue	29,600,884	25,923,846

   1. Revenue is stated net of trade discount amounting to Rs 4,939 thousand (March 31, 2024: Rs 10,701 thousand) and Federal Excise Duty and sales tax amounting to Rs 5,720,710 thousand (March 31, 2024: Rs 4,319,145 thousand).

Three months ended March 31, March 31,

2025 2024

(Un-Audited) (Un-Audited)

Note Rs '000 Rs '000

Chief Financial Officer President & CEO Chairman

CONDENSED CONSOLIDATED INTERIM

FOR THE THREE MONTHS PERIOD ENDED MARCH 31, 2025 (UN-AUDITED)

AS AT MARCH 31, 2025

March 31, December 31,

2025 2024

(Un-Audited) (Audited)

Note Rs '000 Rs '000

Contingencies and commitments 11

The annexed notes 1 to 22 are an integral part of these condensed consolidated interim financial statements.

Chief Financial Officer President & CEO Chairman

March 31, December 31,

2025 2024

(Un-Audited) (Audited)

Note Rs '000 Rs '000

Chief Financial Officer President & CEO Chairman

FOR THE THREE MONTHS ENDED MARCH 31, 2025 (UN-AUDITED)

Three months ended

The annexed notes 1 to 22 are an integral part of these condensed consolidated interim financial statements.

Chief Financial Officer President & CEO Chairman