SAIF GROUP
Ref: SPL/PSX/10/28/2025
Dated: October 28, 2Q25
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
Subject: Financial results for the 3rd Quarter ended September 30, 2025 Dear Sir,
We would like to inform you that the Board of Directors of Saif Power Limited ("the Company") in their meeting held on October 28, 2025 at 12:30 pm, recommended the following:
CASH DIVIDEND- First interim cash dividend of Rs.1.00 per share (10%) for the 3rd'd quarter ended September 30, 202S
BONUS SHARES- Nil
RIGHT SHARES - Nil
ANY OTHER ENTITLEMENT / CORPORATE ACTION- Nil
ANY OTHER PRICE SENSITIVE INFORMATION- Nil
The Share Transfer Books of the Company will be closed from November 06, 2025 to November 07, 2025 (both days inclusive). Transfers received by our Share Registrar THK Associates (Pvt). Ltd, Plot No. 32-C, Jami Commercial Street 2, D.H.A Phase VII, Karachi, at the close of business on November o5, 2025 will be treated in time for the purpose of above entitlement to the transferees.
A copy of Statement of financial position, Profit & loss, changes in equity and, cash flow for the nine months ended September 30, 2025 are enclosed.
Financial Statements for the nine months ended September 30, 2025 will be transmitted through PUCARS within the specified time.
Yours Sincerely,
for SAIF POWE IM
aseemullah
Company Secretary
ITED
1st Floor. KdShmif C0mmercial Complex, Fazal-ul-Haq Road, Blue Area, lslamabad - Pakistan Tel: *92-51 -2271378 - 83, Fax: *92-51-2277671 Web: https://www.saifpower.com, Project site: Chak # 56/5L, Qaa abad, District Sahiwal - Pakistan. Rel: *92-040-2010168-9
SAIF POWER LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025
Un-audited
Sep 30, 2025
Audited Dec 31, 2024
(Restated)
3,864,717,790 | 3,864,717,790 |
6,605,549,820 | 6,876,603,825 |
408,993,006 | 299,363,804 |
706,340,886 | 566,728,416 |
3,399,153,596 | 7,843,694,690 |
1,078,256,490 | 1,148,484,429 |
26,149,518 | 26,582,714 |
30,447,789 | 28,518,258 |
Note ----------------Rupees-----------------
Share capital and reserves | |||
Share capital | |||
Unappropriated profit - revenue reserve | |||
Maintenance reserve | 5 | ||
Total equity | 10,879,260,616 | 11,040,685,419 | |
Liabilities | |||
Lease liabilities | 4 287 31 | 62 103 243 | |
Non-current liabilities | 48,287,315 | 62,103,243 | |
Trade and other payables | 6 | ||
Short term borrowings | 7 | ||
Sub-ordinated loan | 8 | ||
Unclaimed dividend | |||
Current portion of lease liabilities | |||
Current liabilities | 5,240,348,279 | 9,614,008,507 | |
Total liabilities | 5,288,635,594 | 9,676,111,750 | |
Total equity and liabilities | 16,167,896,210 | 20,716,797,169 | |
Contingencies and commitments | 9 | ||
Assets | |||
Property, plant and equipment | 10 | ||
Right of use assets | |||
Loan to associated company | 11 | ||
Non-current assets | 10,646,929,301 | 11,062,032,401 | |
Running finance facility to associated company | 11 | ||
Current portion of long term loan to associated company | 11 | ||
Stock in trade - High Speed Diesel | |||
Trade and other receivables | 12 | ||
Advances, deposits and prepayments | |||
Advance income tax | |||
Short term investment | |||
Bank balances | |||
Current assets | 5,520,966,909 | 9,654,764,768 | |
Total assets | 16,167,896,210 | 20,716,797,169 | |
9,765,090,189 | 10,212,779,928 |
81,290,682 | 100,268,711 |
800,548,430 | 748,983,762 |
1,488,670,063 | 1,571,659,229 |
28,078,371 | 203,015,115 |
399,899,816 | 399,899,817 |
2,113,195,123 | 7,329,087,570 |
182,047,173 | 125,338,315 |
106,333,144 | 22,540,381 |
1,199,995,020 | |
2,748,199 | 3,224,341 |
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements
SAIF POWER LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
----------------------•----------------Un-audited---------------------------------------------
Three Months ended Nine Months ended September 30, September 30, September 30, September 30,
2025 2024 2025 2024
Note --------------------------------------------Rupees-------------------------------------------
Turnover - net Cost of sales
13 2,609,926,363 4,492,066,660 7,379,639,507 8,146,122,543
{2,573,093,111) (3,614,46B,639) (7,025,584,740) (5,816,215,069)
Gross profit | 36,833,252 | 877,598,021 | 354,054,767 | 2,329,907,474 | ||||
Other income | 118,720,349 | 127,202,436 | 390,533,816 | 261,032, 044 | ||||
Administrative expenses | (70,569,194) | (92,586,123) | {237,105,169) | (238,752, 615) | ||||
Allowance for expected credit loss on financial assets Finance cost | (150,657,070) | (376,840,844) | (668,908,217) | (1,298, 017,692) | ||||
(Loss) / profit before levy and income tax | (65,672,663) | 535,373,490 | {161,424,803) | 1,054,169,211 | ||||
Levy | ||||||||
(Loss) / profit before income tax | (65,672,663) | 535,373,490 | (161,424,803) | 1,054,169,211 | ||||
Income tax |
(Loss) / profit for the period 535,373,490 (161,424,803) 1,054,169,211
(Loss) / earning per share - basic and diluted 14 (0.17) 1.39 (0.42) 2.73
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
1 I nierim Custr dividend
3 Right Sha 'es
ks. 1 Per Share
SAIF POWER LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
- - Un-audited
Three Months ended Nine Months ended
September 30, | September 30, | September 30, | September 30, | |
2025 | 2024 | 2025 | 2024 | |
- | --Rupees-------------------------------- | |||
(Loss) / p rofit for the period | (65,672,663) | 535,373,490 | (161,424, go3; | 1, 054, 169, 211 |
Other com prehensive inc ome for the period | ||||
Tola I com prehen6ive (Ioss) / in come for the period | (65,672,663) | 535 373, 490 | (161,424,803) | 1, 054,169 211 |
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
SAIF POWER LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
Unappropriated Share capital profit - revenue
reserve
- Rupees
Maintenance Total equity
reserve
Balance as at January 1, 2024 (Audited)
Profit for the period
Other comprehensive income for the period
3,864,717,790 8, 087,810,847 213,728,363 1 2,166, 257, 000
Total comprehensive income for the period Transactions with owners of the Company | 1,054, 169, 211 | 1,054, 169, 211 | |||||
- Final dividend - 2023 @ Rs. 1.50 per share | (579,703,919) | (579,703,919) | |||||
- Interim dividend - 2024 @ Rs. 1.25 per share | (483, 089,724) | - | (483,089,724) | ||||
- | (1,062,793,643) | - | (1,062,793,643) |
1, 054,169,211 | 1, 054,169,2 11 |
Transfer from unappropriated profit to maintainence reserve
Balance as at September 30, 2024 - (Un- audited)
Balance as at December 31, 2024 -(Audited) - as previosuly reported
Impact of rectification - note 3.3
(77,468,631)
3,864, 717,790 8, 001,717,784
77,468,631
291,196,994 1 2,157,632,568
3,864, 717,790 | 7, 067,016,526 | 299,363,804 | 11, 231, 098,120 |
(190,412,701) | (190,412,701) |
Balance as at December 31, 2024 • restated
3,864,717,790 6,876,603,825 299,363,804 11,040,685,419
Loss for the period
Other comprehensive income for the period Total comprehensive loss for the period
Transactions with owners of the Company
Transfer from unappropriated profit to maintainence reserve
(161,424,803)
(161,424,803) | (161,424,803) |
(109,629,202) 109,629,202
(161,424,803)
Balance as at September 30, 2025 - (Un- audited) 3,864,717,790 6,605,549,820 408,993,006 10,879,260,616
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements.
SAIF POWER LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
Note | Sep 30, 2025 ---- Rupees | Sep 30, 2024 | |
Cash flows from operating activities | |||
(Loss) / profit for the period | (161,424,803) | 1,054,169,211 | |
Adjustments for non-cash 7ncome and expenses: | |||
Provision for staff retirement benefits - gratuity | 14,250,245 | 29,772,499 | |
Depreciation - property, plant and equipment | 481,225,945 | 479,923,770 | |
Depreciation - right of use assets | 23,131,263 | 12,906,979 | |
Finance cost | 668,908,217 | 1,042,135,847 | |
Gain on disposal of property, plant and equipment | (489,387) | ||
Profit on deposit accounts | (480,946) | (146,374) | |
Return on investments (390,052,870) (4,514,438) | |||
635,557,051 | 2,613,758,107 | ||
Changes in working capital: | |||
Stock in trade - High Speed Diesel | |||
Trade and other receivables | 5,215,892,447 | 653,630,508 | |
Advances, deposits and prepayments | (56,708,858) | (90,503,133) | |
Trade and other payables 106,714,672 1,841,177,737 | |||
Cash generated from operations | 5,901,455,312 | 5,018,063,219 | |
income taxes paid | (83,792,763) | (10,265,822) | |
Finance cost paid | (646,342,389) | (1,107,606,418) | |
Staff retirement benefits paid (32,897,798) (3,884,204) | |||
Net cash generated from operating activities | 5,138,422,362 | 3,896,306,775 | |
Cash flows from investing activities | |||
Acquisition of property, plant and equipment | 10 | (27,155,675) | (39,037,120) |
Disbursement of long term loan to associated company | (507,681,000) | ||
Running finance facility to associated company | (1,081,000,000) | (3,067,98 5,875) | |
Receipt of running finance facility from associated company | 1,043,199,837 | 1,587,544,170 | |
Markup received on loans to associated company | 473,195,125 | 41,913,851 | |
Proceeds from sale of property, plant and equipment | 7,041,360 | ||
Insurance claim received | 75,500 | ||
Profit on deposit accounts - receipts | 480,946 | 146,374 | |
Return on investments - receipt | 229,034,720 | 4,514,438 | |
Net cash generated from / (used in) investing activities | 637,754,953 | (1,973,468,302) | |
Cash flows from financing activities | |||
Repayment of sub-ordinated loan | (107,808,343) | (241,696,522) | |
Dividend paid | (433,196) | (1,154,022,853) | |
Short term borrowings | (4,444,541,094) | (4,438,268,085) | |
Lease liabilities paid | (23,875,804) | (12,296,818) | |
Net cash used in financing activities | (4,576,658,437) | (5,846,284,278) | |
Net increase / (decrease) in cash and cash equivalents | 1,199,518,878 | (3,923,445,805) | |
Cash and cash equivalents at the beginning of the period | 3,224,341 | 3,957,712,263 | |
Cash and cash equivalents at the end of the period | 15 | 1,202,743,219 | 34,266,458 |
The annexed notes 1 to 20 form an integral part of these condensed interim financial statements