Transmission of Quarterly Report for the Period Ended December 31, 2025

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Company Information Directors' Review

Independent Auditor's Report To The Members

Condensed Interim Statement of Financial Position (Un-audited)

Condensed Interim Statement of Profit or Loss and other Comprehensive Income (Un-audited)

Condensed Interim Statement of Changes In Equity (Un-audited) Condensed Interim Statement of Cash Flows (Un-audited)

Notes to the Condensed Interim Financial Statements (Un-audited)

02

03

05

06

07

08

09

II

Contents

01

A Siddiqsons Group Company

HALF YEARLY REPORT DECEMBER 2025

Mr. Tariq Rafi Chairman Mr. Naeem-ul-Hasnain Mirza CEO

Mr. Munir Qureshi Executive Director

Mr. Ibrahim Shamsi Non Executive Director

Ms. Alia Sajjad Non Executive Director Mr. Muhammad Yousuf Adil Independent Director Mr. Abdul Wahab Independent Director

Mr. Muhammad Yousuf Adil (Chairman)

(Independent Director) Mr. Ibrahim Shamsi (Member) (Non-Executive)

Ms. Alia Sajjad (Member) (Non-Executive)

Mr. Abdul Wahab (Member) (Independent Director) Ms. Ayesha Khan (Secretary)

Mr. Naeem-ul-Hasnain Mirza (Member) (CEO) Ms. Ayesha Khan (Secretary)

Mr. Tariq Rafi Chairman

Mr. Munir Qureshi Member Mr. Naeem-ul-Hasnain Mirza Member

Mr. Naeem-ul-Hasnain Mirza CEO

Mr. Mahir Abbas Dir. Commercial

Mr. Rashid Khaleeque CFO

Mr. Shahzad Shabbir GM Commercial

Mr. Rashid Khaleeque

Ms. Ayesha Khan

Mr. Faran ur Rehman Hashmi

Muniff Ziauddin Chartered Accountants

Mr. Kashif Nazeer

A/2, G-23, Park Lane, Block-5, Clifton, Karachi House of Magna Cum Lande

Tola Associates

Tax & Corporate Advisors

408, Continental Trade Centre, Block 8, Clifton, Karachi 75600, Pakistan

Phone # 02I-35303294-6

National Bank of Pakistan Habib Bank Limited MCB Bank Limited Soneri Bank Limited

Habib Metropolitan Bank Limited Faysal Bank Limited

Meezan Bank Limited JS Bank Ltd

Al Baraka Bank (Pakistan) Ltd MCB Islamic Bank Limited Allied Bank Limited

The Industrial & Commercial Bank of China (ICBC)

United Bank Limited Bank Alfalah Limited Askari Bank Limited Samba Bank Limited

Dubai Islamic Bank Pakistan Limited

THK Associates (Pvt.) Limited,

Plot No. 32-C, Jami Commercial Street-2, D.H.A., Phase-VII,

Karachi.

UAN #III 000322

Ocean Tower, 27th Floor, G-3, Block 9, Scheme # 5, Main Clifton Road, Karachi. Tel : +922I-35I6657I-4

Plant: Plot # 5, Special Industrial Zone, Winder, Distt. Lasbela, LIEDA, Baluchistan.

https://www.siddiqsonstinplate.com

Head Office: House I2, Main Ataturk Avenue, F-6/3, Islamabad.

02

A Siddiqsons Group Company

The Directors of your company are pleased to present the unaudited condensed interim financial statements of the company for the Half Year ended December, 2025.

During the period, sales revenue amounted to PKR I,493 million, representing a 38% increase compared to the same period last year. This growth was primarily supported by improved production activity and better availability of raw materials. The cost of sales increased by 39% during the same period, mainly driven by higher production volumes. The improved availability of raw materials enabled the Company to operate closer to its optimal production capacity, resulting in a positive volume variance. Meanwhile, finance costs decreased by 36% compared to the previous year, which positively impacted the Company's profitability.

The Company recorded a profit after taxation of Rs. 25.65 million, as compared to a loss of Rs. I54.233 million in the corresponding period last year.

The profit per share stood at Rs. 0.II, whereas loss per share were also Rs. (0.67) in the corresponding period

During the quarter, the market remained relatively steady; however, the inflow of imported tinplate at dumped prices adversely affected the sales activity of the Company. Pakistan's current economic indicators continue to remain unfavorable, with no change in the rate policy and the absence of a comprehensive economic revival plan. Furthermore, the utilization of Galvalume - a zinc/aluminum coated steel sheet - in food packaging, despite its associated health risks, remains a matter of concern. The Company has raised this issue with the relevant government authorities, and efforts are ongoing to address the matter through appropriate regulatory channels.

Looking ahead, the management of the Company has secured the availability of raw materials for the upcoming quarter, which is expected to improve the Company's operational performance and production stability. The Company is also actively exploring potential end-users in the U.S. and European markets, as expanding into international markets is considered essential for the long-term sustainability and growth of the business.

03

A Siddiqsons Group Company

HALF YEARLY REPORT DECEMBER 2025

The Directors of the Company would like to place on record their sincere gratitude to the shareholders, business partners, customers, government authorities, and financial institutions for their continued cooperation, confidence, and support. The Directors also wish to express their appreciation for the dedicated and untiring efforts of the employees and staff of the Company, whose commitment and hard work have contributed significantly to the Company's operations.

On behalf of the Board

Chief Executive

Chairman

Karachi: 27 February, 2026

04

A Siddiqsons Group Company

HALF YEARLY REPORT DECEMBER 2025

MUNIFF ZIAUDDIN & CO.

Chart er e d Acc oun t a n t s

Business Executive Centre F/17/3, Block 8, Clifton Karachi - 75600 - Pakistan Tel: +92-21-35375127-8,

+92-21-35872283

E-mail: info@mzco.com.pkWeb: bkrpakistan.com

Independent Menber

Other Offices: Islamabad & Lahore

05

A Siddiqsons Group Company

HALF YEARLY REPORT DECEMBER 2025

AS AT DECEMBER 3I, 2025

Note

Property, plant and equipment Long-term deposits

Stores, spares and loose tools Stock-in-trade

Trade debts Advance income tax Loans and advances

Trade deposits and prepayments Other financial assets

Other receivables Sales tax adjustable

Cash and bank balances

Authorized share capital

600,000,000 (June 30, 2025: 600,000,000)

ordinary shares of Rs. I0 each

Share capital Capital reserve Revenue reserve

Long term finance Lease liability

Trade and other payables Contract liabilities

Due to director Due to associate

Interest / mark-up accrued on borrowings Short-term borrowings

Current portion of long term finances Current portion of Lease liability Unclaimed dividend

June 30,

2025

(Audited)

6

7

8

9

I0 II

I2

I3

I4

I5 I6 I7 I3

I8

The annexed notes I to 25 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

06

A Siddiqsons Group Company

FOR THE HALF YEAR ENDED DECEMBER 3I, 2025

Note 2025

December 3I, 2024

December 3I, 2024

Revenue from contract with customers - net

Cost of goods sold

Gross profit

Distribution cost Administrative expenses Other expenses Finance cost

I9 l,493,550,933

20 (l,283,658,996)

9I9,282,072 (777,092,608)

I42,I89,464

695,850,5I9 (53I,5II,9I2)

I64,338,607

Other income ll,690,8l9 5I,624,526 2,l48,353 38,397,67I

Profit / (loss) before levies and taxation

Levies Profit before taxation Taxation

(I42,625,423)

(II,608,074)

(I54,233,497)

-

(I3,553,52I)

(8,736,4I3)

(22,289,934)

-

The annexed notes I to 25 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

07

A Siddiqsons Group Company

FOR THE HALF YEAR ENDED DECEMBER 3I, 2025

The annexed notes I to 25 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

08

A Siddiqsons Group Company

A Siddiqsons Group Company

09

(I7,465,899)

(3II,028,000)

Income tax and levies paid Interest / markup paid

44,204,5I8

(I6,997,922)79,208,56I

Trade and other payables Contract liabilities

Cash generated from / used in operations

(7I,95I,5I8)

Stores, spares and loose tools Stock-in-trade

Trade debts

Loans and advances Other recievable Sales tax adjustable

I6,402,9I0 275,099,206

5II,000 (25,434,2II)

I23,953,483

Workers' welfare fund

Profit on bank deposits and TDR Operating cash flows before movement in working capital

(I42,625,423)

Profit / (loss) before levies and taxation

----------------Rupees----------------

FOR THE HALF YEAR ENDED DECEMBER 3I, 2025

(l,3l7,378)

HALF YEARLY REPORT DECEMBER 2025

----------------Rupees----------------

The annexed notes I to 25 form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

10

A Siddiqsons Group Company

FOR THE HALF YEAR ENDED DECEMBER 3I, 2025

Siddiqsons Tin Plate Limited (the Company) was incorporated in Pakistan on January 29, I996 as public Company limited by shares under the repealed Companies Ordinance, I984 now Companies Act, 20I7 (the Act). The registered office of the Company is located at Ocean Tower, 27th Floor, Plot # G-3, Block # 9, Near II Talwar, Clifton, Karachi, Province of Sindh, Pakistan. The shares of the Company are quoted on Pakistan Stock Exchange. The principal activity of the Company is manufacturing and sale of tin plates, cans and other steel products.

In response to prevailing challenges, the Company has undertaken decisive measures to strengthen its financial position by prioritizing operational efficiency over expansion and substantially reducing both long-term and short-term financing liabilities.The Tin Plate plant has resumed production, and the Company is actively marketing and selling its finished goods inventory.In addition, the Company has launched a focused market awareness campaign to discourage the use of Galvalume, positioning Tin Plate as a safer and more sustainable alternative. Furthermore, the Company believes that the dispute with the supplier, as disclosed in the June 2025 financial statements, is likely to be resolved through mediation. The amount offered in this regard has already been appropriately provided for in the financial statements. Moreover, the Company is actively pursuing expansion of its export footprint in the United States, the European Union, and other international markets.

Based on the above and keeping in view the strong position of the group, the management of the Company is confident that above mentioned steps, along with the business projections, provide sufficient evidence of the Company's ability to continue as a going concern, therefore the interim financial statements have been prepared on going concern basis.

11

A Siddiqsons Group Company

There are certain amendments to the accounting and reporting standards that will be mandatory for the Company's annual accounting periods beginning on or after July 0I, 2025. However, these amendments will 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.

The accounting policies and the methods of computation adopted in the preparation of these condensed interim financial statements are same as those applied in the preparation of the annual audited financial statements.

1. SIGNIFICANT ACCOUNTING POLICIES

   The accounting policies and the methods of computation adopted in the preparation of these condensed interim financial statements and the significant judgements made by the management in applying the accounting policies and the key sources of estimation uncertainty are the same as those applied in the preparation of the financial statements as at and for the year ended June 30, 2025.

2. FINANCIAL RISK MANAGEMENT

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

3. PROPERTY, PLANT AND EQUIPMENT

June 30,

2025

(Audited)

13

A Siddiqsons Group Company

709,I27,325

57I,440

(I46,385)

(I4,852,929) 694,699,45I

June 30,

2025

(Audited)

Opening balance Additions Transfers Closing balance

2,022,I2I,856

6I6,027,774

-2,638,I49,630

14

A Siddiqsons Group Company

A Siddiqsons Group Company

15

(62,350,282) I94,0I2,377

Less: Provision for doubtful debts

I96,355,078 60,007,58I

256,362,659

Local Export

Chromite

Raw material l6,389,080 I6,389,080

Finished goods l2,682,4l0 I2,682,4I0 Provision for obsolete stock of chromite (29,07l,490) (29,07I,490)

-

I0I,079,750

Finished goods - Tinplate Tin

Cans Scrap

I00,544,623

-

-I00,544,623

Raw material - Tinplate In hand

In transit

Held at third party premises

June 30,

2025

(Audited)

HALF YEARLY REPORT DECEMBER 2025

June 30,

2025

(Audited)

Loan to employees

2I4,I88

Against letter of credits' fee and expenses Less: Provision for advance against letter of

credits' fee and expenses

I23,I78

3I,679,744

Deposit for bank guarantee margin

I0.I

22,I89,7I4

Prepayments

-

Security deposits for Tenders

453,480

22,643,I94

At amortised cost

Investment in term deposit certificates II.I

2I4,242,835

16

A Siddiqsons Group Company

An associated undertaking, Siddiqsons Limited holds I5.49% i.e. 35,5I4,I0I (June 30, 2025: 35,5I4,I0I) ordinary shares at the period end. The Company has one class of ordinary shares which carry no right to fixed income. The shareholders are entitled to receive dividend as declared from time to time and are entitled to one vote per share at meetings of the Company. All shares rank equally with regard to the Company's residual assets.

June 30,

2025

(Audited)

Long-term finance

I3.I.

7I,736,073

Current maturity of long-term finance

(26,II7,4I4)

45,6I8,659

June 30,

2025

(Audited)

17

A Siddiqsons Group Company

HALF YEARLY REPORT DECEMBER 2025

On June 04, 202I, the SHC vide order C.P.No D-3309 / 20II, summoned to encash all the bank guarantees furnished by the petitioners. However the Supreme Court of Pakistan, vide its order dated September 0I, 202I, suspended the order issued by SHC, stating that it suffers from constitutional and legal defects and granted the interim relief to the Company and other petitioners. The order issued by the Supreme Court of Pakistan states that the petitioners shall keep the bank guarantees already submitted pursuant to the earlier order of SHC and shall furnish the fresh bank guarantees equivalent to the amount of levy calimed by the Sindh Government against release of all future consignments of imported goods.

June 30,

2025

(Audited)

This represents loan from associate for the purpose of emergent requirements of working capital which is repayable on demand. The loan carries mark up in accordance with the Section I99 of the Companies Act, 20I7.

18

A Siddiqsons Group Company

June 30,

2024

(Audited)

19

A Siddiqsons Group Company

HALF YEARLY REPORT DECEMBER 2025

license, a team of Regulatory Collectorate MCC-Gawadar, Camp office, Customs House, Gaddani, visited the bonded warehouse for stock taking and reconciliation of imports vis-à-vis exports documentation and records. Based on a allegedly reconciliation audit conducted by the regulatory Collectorate, a purported shortage of I055 MT of the imported materials i.e. CRC / Tin Mill Black Plate was arbitrarily pointed out despite the fact that the aforesaid quantity was fully accounted for and earlier custom annual audit reports didnot point out such discrepancy.

During the course of quasi-judicial proceedings before the learned Adjudication Authority, all the charges levelled in the Show Cause Notice were duly rebutted through submission of detailed written reply and verbal representation before the learned Adjudicating Authority, based on misreading and non-reading of evidence adduced by the Petitioner i.e. Gaddani Collectorate, the Adjudication Authority, passed the Order-in-Original No. 334 / 20I9 dated November 7, 20I9, for recovery of purported evaded amount of duty and taxes amounting to Rs. 64,I92,547 on purported removal of I055 MT of CRC / Tin Mill Black Plate from Manufacturing Bond. While being aggrieved of the aforesaid Order-in-Original No. 334 / 20I9, the Company preferred an appeal bearing No. G-I298 / 20I9 on November II, 20I9, under section I94A of the Customs Act, I969, before the learned Customs Appellate Tribunal, Karachi. However, no decision was taken by the Tribunal, since it was non-functional. Pending the appeal, before the learned Customs Appellate Tribunal, Karachi, the Petitioner also moved the Hon'ble High Court of Sindh, at Karachi vide Constitutional Petition No. D-7820 / 20I9, assailing the demand notice for recovery of purported evaded amount of duty and taxes amounting to Rs 64,I92,547 issued in pursuance of Order-in-Original No. 334 / 20I9. The Hon'ble High Court of Sindh, vide interim Order dated December 5, 20I9, directed the Respondent not to enforce recovery of impugned Demand Notice which is subject matter of appeal pending before the Customs Appellate Tribunal, Karachi, till next date of hearing. However, after hearing the parties at length, the Hon'ble High Court of Sindh, at Karachi vide order dated December I9, 20I9 disposed of the above petition, with the directions to the Respondents not to enforce recovery of impugned Demand Notice, being the subject matter of appeal, and further directed the Petitioner to file urgent application before the concerned bench of Customs Appellate Tribunal, Karachi. The Tribunal has stayed the recovery and the case is pending adjudication with the Tribunal. Subsequent to the year end, the Tribunal has given the decision uphelding the adjudication order. The Comapny has filed rectification and amendments against the judgement dated March I8, 2024 on May 29, 2024 before the tribunal. and has requested for urgent hearing. The rectification request has not come up for hearing till today and we are hopeful that the rectification expected shall clear the arbitrary audit issue, raised without any basis.

In midst of the above legal battle, the Collector, Gaddani, had cancelled the manufacturing bond license of the Company. However, the Chief Collector has subsequently restored the manufacturing Bond status.

Keeping in view the fact that the restoration has been granted, the Management is expecting a favourable decision, therefore no provision is made in these financial statements.

20

A Siddiqsons Group Company

The Company has already invested more than Rs. 2,000 million on Land, Building, Infrastructure, Plant and machinery and civil construction of site including foundations duly completed as per specific drawings given by the Supplier, for laying Machinery. The Company has also paid 33% advance for design, engineering and shipment of the plant, amounting to RMB 40 million. As stipulated under the contract, majority of the component of plant, machinery and equipment had to be shipped in February 2020 and the remaining consignments by April 30, 2020. However, the Supplier failed to ship within the stipulated timeline. Meanwhile, the Bank Guarantees issued by the Supplier were expiring in April 2020. The Supplier besides delaying shipment did not extend Bank Guarantees beyond its expiry date in April 2020. These bank guarantees covered the consignments to be shipped, by April 30, 2020, since the consignments were not shipped, it left no option for the Company but to call for the encashment of Bank Guarantees to secure itself.

On August 27, 2020 the Supplier filed a case in Singapore International Arbitration Centre (SIAC) and appointed the arbitrator, contesting the case of encashment of above described Bank Guarantees. The Supplier claimed the right to retain the payments already made as an advance by the Company amounting to RMB I9.52 million. The Supplier also claimed for the damages and losses of RMB 35.86 million.

The Company also appointed the arbitrator and a lawyer to defend its position. The Company counter claimed USD I2.65 million with a detailed response on September I7, 2020 against the failure to make the delivery of goods within agreed timeline by the Supplier.

On October 06, 2022, Singapore International Arbitration Council (SIAC) has awarded that the Company wrongfully repudiated the Contracts by, inter alia, encashing the Bank Guarantees and attempted to cancel the letter of credit (LC). The SIAC had further declared that the Company is liable to pay Rs. I,640.39 million as detailed below and the supplier has right to forfeit advance amounting to Rs.408.40 million made by the Company

I. CNY (Chinese Yuan) 35,799,296 (amounting to Rs. I,37I million) in damages as compensation for losses suffered by the Supplier (A);

1. legal costs and disbursements being SGD (Singaporean Dollar) 40,0I7.74 (amounting to Rs. 8.2I million) and CNY 3,III,489 (amounting to Rs. I2I.35 million) (B) to Supplier; and

   21

   A Siddiqsons Group Company

   
   
   

   HALF YEARLY REPORT DECEMBER 2025

2. interest of 0.9446% per annum compounded monthly; on 'I' (from August 28, 2020) and on '2' (from the date of the award); until the same are fully and finally paid which is around CNY I.3 million (amounting to Rs. 53.62 Million)

3. 50% of the costs of arbitration, amounting to SGD 296,852.28 (Rs. 60.89 million).

Furthermore, SIAC declared that the Supplier has right to retain the payments in the amount of CNY I9,5I5,577 made by the Company under the CRM Contract as disclosed in note 6 of the financial statements.

On July 04, 2023, the Supplier filed an application having suit No. I098 of 2023 (now J.M. I8 of 2025) in the High Court of Sindh (HCS) seeking the enforcement of the final award dated October 6, 2020. The application also included a claim for the recovery of legal costs incurred to that date, along with a request to restrain the Company from selling its immovable property.

On May 2I, 2024, the HCS issued an order in above suit, directing that the proceedings be stayed and restrained the Company from disposing of its two immovable until a final decision is issued in the case pending before the HCRS (Case No HC/OA 809/2022) as disclosed in Note 5.I.3 to the financial statements.

On August 28, 2024, the HCRS issued the final decision in which it dismissed HC/OA 809/ 2022, ordering the Company to pay legal costs of SGD (Singaporean Dollar) 35,000 to the Supplier in addition to amounts determined in award.On September 25, 2024, the Company filed an application for appeal in the Supreme Court of Singapore and which was withdrawn following an agreement of mediation signed on February 24, 2025 with the Supplier.

In the mediation proposal, the Company has offered Rs 820.97 million for mediation out of which Rs. 408.40 million is held with the supplier on advance as disclosed in Note 6 and during the year provison of the amount of Rs 820.97 million has been made as reflected on the face of the Statement Of Profit or Loss and Other Comprehensive Income

In the High Court of Sindh, suit J.M.No.I8 of 2026, (earlier Suit No.I098 of 2023) is currently pending between the Supplier and the Company which seeks the enforcement of the Arbitration Award made in Singapore. The Company's challange to the Award which was pending before the Supreme Court Of Singapore was withdrawn on the condition that the Company as well as the Claimant woul attempt mediation in good faith. Subsequently the Claimant sought enforcement of the Award, while the Company has filed an Application with the prayer that the Award's enforcement be refused and for the direction that the Parties should complete the process of good faith mediation. This application is pending till date. The Company's laibilities will substantially depend on whether the Company is successful in having matter referred to mediation as well as the result of the mediation if any , however if this fails and the Award is enforced, the Company's liability would equal the value of the Award along with costs/interest.

22

A Siddiqsons Group Company

Besides above, the matter for repatriation of the mobilisation advance amounting to Rs. 408.40 million (RMB II.30 million), paid to the above mentioned supplier, is under consideration with the State Bank of Pakistan (SBP). Since the shipments under the contract could not be effected within the stipulated time allowed by SBP, the case has been highlighted as overdue. SBP has issued correspondence to the Company and the bank involved in the project, requesting the submission of shipping documents, which are yet to be provided by the Company. Applicable penalty rates, as per SBP guidelines for overdue cases, may be imposed accordingly.

As discussed above, the provision of Rs 820.97 million has already been made in the financial statements and as of reporting date the management believes this provision is sufficient to settle the final liability in case it materializes.

Tax assessments of the Company have been amended for the tax years 2003, 2005, 2006 and 2008 under Section I22 of the Income Tax Ordinance 200I, by the tax department. The Company contested the levy of tax by department on the ground that the Company was enjoying exemption under Clause I26 of Part I of Second Schedule to the Ordinance as levy of minimum tax is not applicable on the Company. Appeals are pending before Sindh High Court, Income Tax Appellate Tribunal (ITAT) and CIT (Appeals) respectively. The Company is confident that outcome will be in its favour. However, as a matter of prudence, tax provision of Rs. 35,6I0,8I8 for the respective tax years has been made in the financial statements under Section II3 of the Ordinance.

Letters of credit for import of raw material

Bank guarantee in favor of Excise and

Taxation department relating to

anti-dumping and infrastructure cess

I89,420,000

2I4,242,835

23

A Siddiqsons Group Company

A Siddiqsons Group Company

24

53I,5II,9I2

777,092,608

578,768,402

96,492,325

Finished stocks Opening stock

Purchase of finished goods Closing stock

5I9,923,0I9

680,600,283

20.I

Cost of goods manufactured

Un-audited Un-audited

Half year ended Quarter ended

December 3I, December 3I,

Note 2024 2024

…..................…...................(Rupees)…..................…...................

20. COST OF GOODS SOLD

(3,062,490)

695,850,5I9

(9,363,827)

9I9,282,072

824,7I7,35I

-824,7I7,35I (I25,804,342)

I,095,802,I6I

-I,095,802,I6I (I67,I56,262)

Local sales Export sales

Less: Sales tax

Less : Commission and discounts

December 3l, December 3I, December 3l, December 3I, Note 2025 2024 2025 2024

…..................…...................(Rupees)…..................…...................

l9. REVENUE FROM CONTRACT WITH CUSTOMERS - NET

Un-audited

Quarter ended

Un-audited

Half year ended

706,453,45l

64,28l,5l6

770,734,967

l,25l,67l,290

3l,987,706 l,283,658,996

l,033,829,942 83,005,827 l,ll6,835,769 (l42,533,853)

(6,798,090)

967,503,826

l,676,73l,445 83,005,827 l,759,737,272 (255,888,249)

(l0,298,090) l,493,550,933

25

A Siddiqsons Group Company

Un-audited

Half year ended

A Siddiqsons Group Company

26

-

-

Loan from associated company / undertaking repaid

-

I,I88,866,689

Associated company - Siddiqsons Limited

Loan from associated company / undertaking

…..................…...................(Rupees)…..................…...................

Relationship with the Company Nature of transactions

December 3l, December 3I, December 3l, December 3I,

2025 2024 2025 2024

Un-audited

Quarter ended

HALF YEARLY REPORT DECEMBER 2025

The related parties comprise associated undertakings, other related group companies, directors of the Company, key management personnel and post employment benefit plans. The significant transactions with related parties are as follows:

(0.I0)

(0.67)

229,278,770

229,278,770

(22,289,934)

(I54,233,497)

Profit / (loss) for the period (Rupees)

Basic earning per share

Weighted average number of ordinary shares outstanding during the period

Basic earning / (loss) per share (Rupee)

December 3l, December 3I, December 3l, December 3I,

2025 2024 2025 2024

…..................…...................(Rupees)…..................…...................

Un-audited

Quarter ended

Un-audited

Half year ended

There is no dilutive effect of basic earning per share of the Company, which is computed as under:

l6,753,830

229,278,770

0.07

25,650,547

229,278,770

0.ll

Half year ended

Quarter ended

December 3l, December 3I, December 3l, December 3I,

2025 2024 2025 2024

…..................…...................(Rupees)…..................…...................

Mark- up Accrued

Key management personnel

Post-employment benefit Loan from director - obtained Loan from director - repaid

2,256,700

288,000,000

505,000,000

63I,835 I75,000,000 373,000,000

1. FAIR VALUE OF FINANCIAL INSTRUMENTS

   Fair value is the price 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 carrying value of all the financial instruments reported in the financial statements approximates their fair value as the items are short term in nature.

   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 inputs other than quoted prices included within Level I that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

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

There are no financial assets to be classified under these levels. There were no transfers between Level I and 2 in the period.

As at December 3I, 2025, the company has no financial instruments that falls into any of the above category.

27

A Siddiqsons Group Company

Un-audited

Un-audited

HALF YEARLY REPORT DECEMBER 2025

1. DATE OF AUTHORIZATION FOR ISSUE

   These condensed interim financial statements have been approved and authorized for issue by the Board of Directors of the Company on 27 February, 2026.

2. GENERAL

Figures have been rounded off to the nearest Rupee.

CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

28

A Siddiqsons Group Company

R erfistered Office. Ocean do\-er. 27rft floor,

C-3, BlocL 9, Soheme # 5, Plain Clifton Road, Karaolu Tel : *9221-3516 6571-4

Plnnt. Plot # 5, Special Industrial Zone. U'inder, mstt. Lasbela, LI EDA, Balucliis tan.

wiviv. si d di q s o n s t i n p a1 t e . c o m