Transmission of Quarterly Report for the Period Ended December 31 2025

(li)

BONUS SHARES

NIL

(III)

RIGI2T SHARES

NIL

(iv)

ANY OTHER ENTITLEMENT/ CORPORATE ACTION

NIL

(v)

ANY OYHER PRICE SENSITIVE INFORMATION

NIL

AXEiS

NON CURRENT ASSTES

NoIe

( Una- udited)

31 -D ec -25

(Audite d)

June 30, 2025

Property, plant and equipment

5

5,624,802

5.921,071

Long term deposits

6

5,300.000

5,300.000

Total Non-Current Asstes

10,'724,802

J,22l,07l

CUR RENT ASSETS

Current portion of long term receivable

7

Trade debts

8

Accrued interest

9

Receivable from associated company

3.326,541

5.241,541

Soles tax refundable

1,923.309

J.923.309

Cash and bank balances

10

3,467

3,273

Total Current Assets

5,253,317

7,168,123

IOTALA$$M$

16,178.11 g

18.389,194

EQJITY AND LIABILITIES

Equity

Authorized Capitol

20,000.000 Ordinary shares of Rs. 10 each

200,000,000

SOO,000,000

Issued, subscriber ana paid up capital

178.332/70

178.332a70

Capitol Reserves

Share premium

89, I I 6.330

89, I I 6.330

Rey'enue /teserves

Accumulated (losses)

(268, I 67,743)

(266,778, 180)

Total Equity

(7l 8,743)

670,820

NON CUR kENT LIAB iLITIES

Director Suborainated loan

1,913.282

Deferred Itobtllities

11

CURlt ENT LIA8ILITIES

Trade and other payables

12

5,363,653

5,188,652

Unclaimed aividend

13

1,297,283

1,297,283

Due to associate unoertoking

14

10,235.926

9.317.463

SOIes tOx Doyable

I .713

Total Current Liabilities

16,896,862

J5,805,T 12

Contingencies and commitments

15

IOTAS EQUITY AND £IABILItIES

16,178,11g

18,389,194

It EVENUE

Six Months

Dec ember 3

2025

Period Ended Quarter Ended

Oec embet 3 oec ember 31, Dec ember 31,

2024 2025 2024

(Amounts in PM9)

Sales of electriciy

4,261,860

l 229,160

Generation cost

(1,136,337)

(5,562,407)

(871.192)

(1273,066)

Gross (Loss)

(J,J3d,337)

(1,301,547)

(871,192)

(43,90d)

Administrative Expenses

(253,223)

(176,920)

(252,651)

(175,960)

Total Operafng Expenses

(253,223)

(176,920)

(252,65)

(175,960)

Operating (Lossj

(1,389,56)

(1,478,467)

(1,123,844)

(29,866)

(Lossj Before Taxation

(1,389,56)

(1,478,467)

(1,123,844)

(29,866)

TOxOtiOU

Total Taxation

OTHER C OMP PEHENS1V E INCOME

Net {loss) for the year

(1.389,561 )

(l,478,467)

(l, l 23,844)

(2T 9,866)

Other comprehensive income

(Lossj per Share - Basic and Diluted

6

(0.08)

(0.08)

(0.06)

(0.01 )

SH EE CAPITA I

I sued, subscrib ed and paid u ca pilol

CAPITA L RESEIW E

Shore Premium

EV ENU E

Ac cumulaIed (Ios s)

Balance as at July 01, 2024

78,332,670

89, I I 6,330

(258,373,532)

9,075,468

{Lossj for the half year ended

December 31, 2024

1,478,467)

(1,478,467)

Other comprehensive income

Balance as at July 0J, 2025

78,332,670

89,M6,330

266,778,180)

B0,820

{Lossj for the half year ended

December 3l, 2025

(1.389.561)

(1,389,561)

Other comprehensive income

B olonc ea s at D ec e mber 31, 2025

78, 332, 670

89, J 1 +,330

(2+8, J +7.743)

CASH FLOWS FROM OPE RATING ACTIV IVIES

(Un-a udiled) (Un-a udited)

Dec ember 31, Decem ber 31.

2025 2024

(alla mounts in PKIt)

(Loss) before taxation

(1,389,561 )

(1.478,467)

Adjustment for cosh and non cosh items :

Depreciation

296,270

329.248

Bank Charges

Operating (Loss) / Profit Before Working Capital Changes

(1,093,291)

(l, I 49,219)

Changes in working c apilal

(Increase) / decrease In current assets

Traae debts

Receivable from aSSOciated company

1,915.000

1,291,497

Increase / (decrease) in current liabilities

Traae ana other payables

T75,00T

(1.701,219)

Accurea Liability

Due to associate undertaking

918.459

Sales tax Dayoble

(I .713)

239,252

Total changes in working capitol

1,9l 3,456

(I 70,470)

Finance Charges Paia

Tax paid

Net Cash (outflow)/ inflow from operating acttvtties

1,913,456

(1,319,689)

CASH FLO// FROM INvESTING ACTIVITIES

Net Cash (outflow)/ inflow from investing activities

CASH FLOW FROM £INANCING ACTIVITIES

Loan from Director

(1.913.262)

1,320,000

Net Cash (outflow)/ inflow from financing activities

(1,9l3,2d2)

1,320,000

Net decrease in cash and cash equivalents

194

310

Cosh ana cash equivalents at the beginning of the Derioa

3,273

2.536

Cosha nd ca sh equivalents at the end of the period

3,467

2.846

Note EGAL STAT US AND BLISIN ESS ACTIVITY OF THE COMPANY 1

1.1

S.G Power Limiter (the comDany) isa public limiter company, was incorporated in

Pakistan on February 10, 1994. under the repealed Companies Ordinance, 984, now the ComDanies Act, 2017. The shares of the Company are listed on Pakistan Stock Exchange Limited.

The principal activities of the company is generation and supply of the elec tricity to

its associated company, S.G Allied Businesses limited.

Geographical location and addresses of major business units Including plants of

the Company ore as under

Address : B-40, S.I.T.E" Karachi

1.2

MATERIAL UNCERTAINTY RELATED TO GOING CONCERN

The company has been non-operative for more than six months and the power

plants are shut aown ana the Company has no revenue generation during the perioa. The management has no intention to operate the existing power plants because of high gas tariffs, wnich has rendered the cost of electricity generation uncom petitive. Management is actively evaluating alternative sources of electricity generation, with the aim of reducing production costs.

The Company's accumulated losses as at December 31. 2025 stooa at Rs. (268.167)

million (June 30,2025: Rs.(266.778) million). The current liabilities exceeaed from the current assets by Rs. 11.643 million (June 30, 2025 : Rs. 8.637 million). TheSe conditions inaicates the existence of a material uncertainty thot may cast s"ignificant doubt on Company's ability to continue asa going concern and therefore. it may be unable to realize its assets and aischarge its liabilities in the normal course of business.

The Management is actively evaluating alternative sources of electrici

generation. witn the aim of reducing production costs ana is confident that the Company will be able to achieve sustainable profitability in the future. Accordingly, management has Drepared these financial statements on the basis of the going concerna SUmption in accOrdance with the IAW l . "Presentation of Financial Statements.

1.3

Events after Reporting Period, Non Adjusting Event -Disinvestment of Shareholding

Through the Notice datea January OS. 2025. the Crescent Star Insurance Limited

(the Acquirer) has withdrawn its intention to acquire additional 389a of the issued and outstonaing ordinary shores ono control of SG Power Limited. under Regulation 21 (1)(b) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations. 2017 (the "Regulations").

Earlier. the shareholders of S.C. Power Limiteo (the Company) entered intoa Shore

Purchase Agreement dated 13 August 2025 with the Crescent Star Insurance Limiter (the Acquirer) for the divestment of there shareholding in the Company. Under this agreement, Crecent Star Insurance Company has to acquire 6.785,236 ordinary shares. approximately 38.05s of the issued and paia-up capital of the Company. The public announcement was made on August 13, 2025 in occoraance with the provisions of the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations 2017. The total consideration under the agreement was PKR 45.662 million which is PRK 6/- per orainary share.

Major shore holder of the Company as of 31 January 2026

No me No. of shores 9 o share "

......... . ....... ........... . ....... ...... ..h..e.!................. . .t.. . . . . . .h.....!..cl.I..nq..... . ......

MR.SOHAIL AHMED 3, 231, 729 t 18V,

Ot her less I men 3Po no Icling lO 211,169

TataI t 17.833. 267 t

BASIS0 r PREPA 9 ATION

Tnis interim financial information of the company tor the half year ended

December 31. 2025 is un-audited ono has been prepared in accordance with the requirements of the International Accounting stanaard 34- 'Interim Financial Reporting' and provisions of and oirectives issued under the companies ordinance 1984 (the Ordinance). In case where requirements differ. the provisions of or directives issued under the Ordinance hove been follower. The figures for the half year endea December 31. 2025 hove. however, been subjected to limited scope review by tne auditors as requires by the Cooe Of Corporote Governance. This interim financial information does not include all the information required for annual financial statements and therefore should be read in conjunction with the audited annual financial statements of the Compony for the year ended June 30. 2025.

2.1

Statement of compliance

Tnese financial statements have Deen prepared in accordance with the

accounting and reporting standards as applicable in Pakistan. The accounting and reporting standards applicable in Pakistan comprise of:

International Financial Reporting Standards (IFRS) issuea by the International Accounting Standards Boora (IASB) as notified under the Companies Act. 2017:

- Provisions of and directives issued under the Companies Act. 2017.

Where provisions of ana directives issuea unaer tne Companies Act. 2017 aiffer from the IFRS Stannards. the provisions of and airectives issued under the Companies Act. 2017 hove been followed.

2.2

Basis of measurement

Tnese financial statements have Deen prepared under the historical cost

convention, except for certain items as disclosed in the relevant accounting

|DOI iCIOS DOIOW.

Functional and presentation currency

These financial statements ore presented in Pak Rupees (Rs/Rupees). which is the

functional currency of the Company. Amounts presented in the financial statements nave been rounded off to the nearest of Rs./Rupees, unless otherwise stated.

Change in accounting standards, interpretations and amendments to published

occounting and reporting standards

3.1

Amendments to approved accounting & reporting standards which ore effective

during the period

Tnere were certain amendments to accounting and reporting standards which

became mandatory for the Company during the period. However, the amendments did not have any significant impact on the financial reporting of the Company and, therefore, have not been disclosed in these unconsolidated condensed interim financial statements.

3.2

Amendments to accounting and reporllng standards thot ore not yet effective

There are certain amendments to the accounting and reporting stanaards that will

be mandatory for the Compony'S annual accounting periods beginning on or after July 01, 2025. However, these amenoments will not have any Significant impact on the financial reporting of the Company ana, therefore, hove not been discloses in tnese unconsolidatea condensed interim financial statements.

SUMMAB Y OF SIGNIFIC ANT ACCOUNTING POLICIES

Tne accounting policies and the methods of computation aaopted in the

preparation of these conoensed interim financial statements are consistent with those applies in the preparation of the annual auaited financial statements for the year ended June 30, 2025.

4.1

Accounting Estimates And Judgement And Financial Risk Management

The preparation of interim financial statements requires management to make

judgements. estimates and assumptions that affect the application of accounting policies and the reported amounts. Actual results may differ from judgements. estimates and assumptions. Judgments and estimates maae by the management in the preparation of these condensed interim financial statements are some as tnose applied in tne annual audited financial statements of the company for the year endea June 30. 2025. The Compony's financial risk management objectives and policies are consistent with those aisclosed in the annual audited financial statements as at ana for the year ended June 30. 2025.

Generators

194,705.828

194,705,828

189,105,976

279,993

189,385,968

5,319,860

10

Air Honoling Unit

455.266

1.008

10

Electric fitting

531,990

531.990

493,404

1,929

495,333

36.657

10

POS iUStO IlOtiOC

I,J01,542

1,054,847

1,0/›182

10

Equipment

2,533. 157

2,533.T57

2.321,695

10,573

2,332.288

200.889

10

Vehicles

,ZB2,700

1,782,700

1,778,379

1,778,811

3.889

20

Noie

LONG TERM DEPOS iTS

(IJn-oudife d) (AudiJed)

Dec 3T 202$ Jun 30, 2025

(oil amounts in PKlt)

Long Term Deposit

6.1

5,300,000

6,300,000

Total Long Term Deposit

5.300,OOO

5,300,000

6.1

This represents deposit to M/s Sui Southern Gas Company limited against the supply of Gas.

CURRENT PORTION OF LONG TEgM RECEIVABLE

Long Term Receivables

Associated Company- SG Alliea Businesses Limited

6S,287,S12

bS,287,312

Less : Allowance for expectea credit loss

7.1

(65,287,512)

(b5,287.512)

Total Current Portion Of Long Term Receivable

y.j

The SECP. vioe oraer doteo 19th July. 2013 directea the Company to make provision

against the receivable from the associates understating being doubtful of recovery. Accordingly, the same was provides for, during the year ended June 30, 20J 3.

TRADE DEBTS

Associated Company-SG Allied Businesses Lta

94,036,243

94.036,243

Less: Allowance for expecfed credit loss

8.I

(94,036,243)

(94.036,243)

Total Trade Debts

8.1

The SECP. viae oraer aateo 19th July, 2013 directea the Company to make provision

against the receivable from the associafea understating being doubtful of recovery. Accordingly, the same was provides for, during the year ended June 30, 2013.

ACCRIJED INTElt EST

Interest on loan to associated company - SG Allieo

Businesses Limiter . i

T0,654.243

10,654.243

Less: Provision for douD1fuI debts

(T 0,654,243)

(10,654,243)

TOtaI Accrued Interest

This reDresents interest accrues on long term receivable from the associated company, SG

Allieo Businesses Limited, charged as per the direction issuea by the SECP, vide oraer date April 6, 2006. During the year enaed June 30, 2013, tne SECP, viae oraer datea 19th July, 2013 directed the Company to make provision against the receivable from the associates understafing being ooubtful of recovery. Accoroingly. the same was provided for during that year.

Noie

10

CASH AND BANK BALA NCES

( Una udiked) (Audited)

Dec 31. 2025 Jun 30, 2025

(oila mo unts in PKR)

Cosh in hand

400

400

Cosh at bank - current accounts

3,067

2,873

Total Cash And Bank Balances

3,467

3,273

DEFE9kED LIABILt ITiES

Staff gratuity

l l 3.040

I I 3,040

Less: Provision against staff gratuity

{ 1 l 3.040)

{ I l 3,040)

Total Deferred Liabillities

l 1.1

This represent Iliabilty of ex employees outstanaing for more than three year and the

company has made provision, There are no employees in the company and no acturial

valuation was carried out.

GRADE AND OTH £g PAY A 8L£ S

Accrued Liabilities

2,384.915

2,409,9ld

Tax aeducted at source

19.815

19,815

Other payables

2,ZS8,923

2.7S8,923

Total Trade ana Other Payables

3.363,633

5,188,652

UNCLAIMED Di VIDEND

Unclaimed dividena

I ,297,283

l,297,283

Unclaimed diviaend outstanding for more than three years from the date of aecleration is payable to the Federal Government as per Companies Act 2017. subject to the fulfilment / clarification on certain pre-conditions specified in the companies Act.

DUE TO ASSOCIATE UNDEltTAICING

Due to associate unaertaking 14. I

T0,235,926

9,31 7,463

14.1

This represents the amount of rent payable and utilities to SG Allied Businesses Limited.

Noie C ONTiNGENC iES AND C OMMiTMENT$

15.1 CONTiNGENC iES

S.NO. FO kUM iSSIJE iNVOVLED

SUATU S

I

Sindh High Court

Bosea on the legal opinion in respect of non aDDlicobility

of Worker's Profit Participation Act. 1968. on the company. Drovision maae to workers profit participation, Iona ana interest thereon amounting Rs. 20.7 1,654/- uD to June 30, 2002 has been transferred back to shareholder's equity in the accounts for the year endeo 30. June 2003. No Drovision has been maae thereafter from the financial year enaea June 30. 2003 to June 30. 2006 for an amount of Rs.12,685.253. The contention of the company is that since there are no workers as defined in the Act. ana accordingly the saia Act ooes not apply to the comDany. No provision is being made under this head since the year 2002-2003. The Company has filed petition before High Court of Sinah, Karachi challenging the levy in this respect. The management is confiaent that no liability will arise on this account. However, in the Finance Act. 2006 amenaments have been mooe in the Act which is effecfive from July 01, 2006. These changes may require the comDany to pay S% of its profits to the fund from the Fiscal year beginning July OT , 200d. However in these years the C ompony has incurred losses.

Penning

2

Sales Tax

Appellate Tribunal

The collectorote of Sales Tax and Central Excise (west)

Karachi has servea a show cause notice requiring the repayment of inaccurate input tax adjustments and additional tax amounting to Rs, l 3,247,743/ ana Rs.3,248.501/ - resDectively, in respect of financial years enoed June 30, 2000 ono 2001 .The Company has filed on aDDeal against such oraer in the Soles Tax Appellate Tribunal. The management of the company exDects a favorable outcome and no provision has been made in these financial statements.

Pending

15.2 CommitmenIs

There are no commitments as at December 31 . 2025 ( June 30. 2025: Nil)

Noe G ossj PE8 s8

ec - s SIC AND DILUTED

(Loss) after taxation

tI ,389,561)

1,478,467)

Weighted average numDer ot orainary shares

outstanding during the oeriod

T7,833,267

I 7,833,267

(Loss) per share

(0.08)

(0.08)

There is no dilutive effect on loss per share of the ComDany (2024 :NiI).

Note TBA NFACTIONS WITH ItELATED PA ITIES

The related parties comprise of associated company and directors. TransacfTons with associated

undertaking are as follows:

(Un-oudiled) (Audited)

NAME OF RELATED RELATIONS nlP WITn TFIE TgA NSACTION S Jun-26

COMPANY

(all omovnh in f'K k)

SG Allied

Businesses Ltd

Associated Company

Electricity sales

receivable recovered

1,915,000

8,5d 1,700

SG Allied

Businesses Ltd

Associated Company

Rent received during the

year ended

1,2OO,OCD

SG Allied

Businesses Ltd

Associated Company

Electricity bills payable

3,326,541

5,241 ,541

SG Allied

Businesses Ltd

Associated Company

Receivable against ren

and utilities

10,235,926

9,317,463

Note

19

FAIIt VA L!JF 0£ FINANCI L ANDETC ND LIABILITIE 5

Fair value is the price that would be received to sell an asset or paid to transfera liability in an orderly

transaction between market participants at the measurement dale.

The carrying values of all financial assets and liabilities reflected in these interim financial statements approximate their fair values.

Fair value hierarchy;

The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value. grouped into Levels I to 3 based on the degree to which the fair value is observable.

• Level I : fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities.

• Level 2: fair value measurements are those derived from inpuh other than quoted prices included within Level that are oDservable for the asset or liability, either directly (i.e. as pricesj or indirectly (i.e derived from prices).

• Level 3: fair value measurements ore those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).

As at December 31, 2025 the Company has no financial instruments that falls into any of the above category.

Nole

20

C0 ItBE SP ONDIN G FIGIJ YES

In order to comply with the requirements of international Accounting Standard 34-Interim Financia

Reporting the balances in condensed interim statement of financial position have been compared with the balances of annual audited financial statements of the preceding financial year. whereas the amount Tn condensed interim statement of profit or loss, conaensed interim statement of other comprehensive income, condensed interim statement of changes in equify and condensed interim statement of cash flows hove been compared with the amounts of comparable period of immediately preceding financial year.

SH ABIAH COMI'IIA NO DISC fOStJ BE

These Shariah compliance disclosures have been presented in accordance with the requirements of

Part I of Schedule IV to the Companies Act, 2017, as applicable to listed companies whose nature of business has been identified as Shariah-compliant. The Company, beinga Shariah-compliant listed entity, has disclosed the applicable statutory and regulatory requirements as follows.

Dec 31, 2025

Dec 31, 2024

Un-audited

Un-audited

Loans / advances obtained under Islamic modes of financing

Interest or mark-up accrued on any conventional loan or advance

Shariah-compliant bank deposits / bank balances

Profit earned from Shariah-compliant bank deposits / bank balances

Revenue earned froma Shariah-compliant business segment

Gain / loss or dividend earned from Shariah-compliant investments

Exchange gain earned from actual currency transactions

Mark-up paid on Islamic modes of financing

Profit earned or interest paid on any conventional loan or advance

Relationship with Shariah-compliant banks

Nofe ENEIIA I 22

Figures hove been rounded off to the nearest ofa Pak Rupee, unless otherwise stated.

Note DATE OI AUTHOR IZATION 23

These condensed interim financial statements were approved and authorized for issue in the Board of

Directors, meeting held