Transmission of Quarterly Financial Statements for the Period Ended 12/31/2025

SIEMENS (PAKISTAN) ENGINEERING CO. LTD.

DIRECTORS' REPORT

THREE MONTHS PERIOD ENDED DECEMBER 31, 2025 ON THE

UN-AUDITED CONDENSED INTERIM FINANCIAL STATEMENTS

Chairman of the Board Executive Director

Non-Executive Directors

Independent & Non-Executive Director

Audit Committee

Human Resource & Remuneration Committee

Nomination Committee

Managing Director Chief Financial Officer Company Secretary Registered Office Trading Symbol Auditors

Registrar and Share Transfer

Karl Stefan Werner

Syed Muhammad Daniyal

Karl Stefan Werner Oliver Spierling

M. Usman Ansari Silvia Oppus

Adnan Afridi

Ayla Majid (Female Director)

Ayla Majid (Chairwoman) Karl Stefan Werner Oliver Spierling

M. Usman Ansari

Adnan Afridi (Chairman) Oliver Spierling

Silvia Oppus

Karl Stefan Werner (Chairman) Syed Muhammad Daniyal

Syed Muhammad Daniyal

Syed Muhammad Ahsan Ghazali Babar Aijaz

B-72 Estate Avenue, S. I.T.E, Karachi-75700 SIEM

A.F. Ferguson & Co., Chartered Accountants

THK Associates (Pvt.) Limited

Siemens (Pakistan) Engg. Co. Ltd. Corporate Secretariat

Head: Babar Aijaz

Postal address: Siemens(Pakistan) Engg. Co. Ltd. B-72, Estate Avenue,

S.I.T.E., Karachi Karachi - 75700

Office address: Siemens(Pakistan) Engg. Co. Ltd. B-72, Estate Avenue,

S.I.T.E., Karachi.

Tel: 92(21) 111-077-088

Siemens (Pakistan) Engg. Co. Ltd., MD: Syed Muhammad Daniyal, CFO : Syed Muhammad Ahsan Ghazali; Company Secretary: Babar Aijaz CUIN Reg. No. 0000617; Reg. Address: B-72, Estate Avenue, S.I. T.E., Itarachi.

Dear Shareholders,

We, the undersigned, for and on behalf of the Board of Directors are pleased to present your company, Siemens (Pakistan) Engineering Co. Ltd. ("Company"), unaudited condensed interim financial statements and a review of the Company's performance for the quarter ended December 31, 2025.

Company's Performance: Key Performance Indicators ("KPls") for the three months period ended December 31,2025 compared to corresponding period last year are summarized below:

Rs in million

Three Months Three Months Ended Ended

December 31, 2025 December 31, 2024

corresponding period last year was Rs 1,593 million mainly owing to higher order back log.

During Q1 FY'26 profit before levy and income tax from continuing operation is Rs 59 million as against Rs. 406 million during the corresponding period.

During Q1 FY'26, the profit before levy and income tax from discontinued operations was nil, compared to Rs 1,136 million in Q1 FY'25. The prior-year figure included a gain of Rs 705 million recognized on the change in fair value of embedded foreign currency derivatives arising from the economic transfer of foreign currency host contracts pursuant to the sale of the Energy Business.

Siemens Pakistan aims to accelerate growth through innovation, operational excellence, and enhanced customer engagement. The Company will leverage its technology leadership to deliver integrated solutions that support digitalization and sustainability across key sectors.

The Company intends to consolidate its market position by capitalizing on the improving business environment, expanding strategic partnerships, and driving efficiency in execution. At the same time, the Company remains vigilant in monitoring macroeconomic conditions, regulatory developments, and supply chain dynamics to mitigate risks and ensure resilience.

We take this opportunity to thank our valued customers who have continued to place trust in our products and services and have provided sustained support in ensuring the progress of the Company. The Company is very proud of its employees for their ommitted and passionate efforts, loyalty and dedication. We also greatly value the support and cooperation of all tak holders who are contributing towards the growth of our Company.

We would also lik to xtend our sincerest gratitude to our shareholders for the confidence and trust they have placed in us, and for their avering support.

The enclosed conde d interim financial statements are unaudited. On beh f the BID o Directors

Syed uhamma D iy Ma ging Dir or

Dubai: Ja ary 28, 2026

Equity and liabilities

Share capital and reserves Share capital

• Authorised

  20,000,000 (September 30, 2025: 20,000,000) Ordinary shales of Rs 10 each

  4,824,418	4,400,528
  1,303,820	1,594,305
  65,210	63,644
  312,080	313,993
  399,746	435,567
  29,746	29,746

• Issued, subscribed and paid-up

December 31, September 30,

2025 2025

(Utlaudited) (Audited)

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

200,000 200,000

Total assets 14,375,360 14,203,212

The annexed notes from 31 form an integral part of these condensed interim financial statements.

Syed Muham any

Managin rector

yed Muh ad Ahsan Ghazali Chief Financial Of(icer

Ayla Majid Director

Siemens (Pakistan) Engineering Co. Ltd.

Condensed Interim Statement of Profit or Loss (Unaudited)

P•or the three mo»ths period ended December 31, 2025

Three months period ended December 31, December 31,

2025 2024

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

Net sales and services Cost of sales and services Gross profit

Marketing and selling expenses Reversal of expected credit losses General administrative expenses

Other income

Other operating expenses Net other operating expenses Operating (loss) / profit

Financial income Financial expenses Net financial income

Profit before levy and income tax from continuing operations

Levy

Profit before income tax from continuing operations

Income tax

Net profit for the period front continuing operations Discontinued operations

Net profit for the period from discontinued operations

Net profit for the period

Basic and diluted earnings per share (Rupees)

Basic and diluted earnings per share from continuing operations (Rupees)

22

23

24

25

5. 1

1,808,047 1,593,178

(1,645,263) (973,065)

242,784 620,113

(315,949) (205,450)

(73,165) 414,663

2,038 91

(3,948) (19,444)

(1,910) (19,353)

(75,075) 395,310

140,569 15,098

(14,410) (4,035)

134,159 11,063

59,084 406,373

(42,517) (31,544)

16,567 374,829

43,358 (56,530)

59,925 318,299

688,334

59,925 1,006,633

7.27 122.06

7.27 38.60

The annexed notes from 1 to 31 form an integral part of these condensed interim financial statements.

Syed Mulla @ D j iyal

i r

Sy Mullah ad hsan Ghazali Chief Fi an lal Officer

Siemens (Palcistan) Engineering Co. Ltd.

Condensed Interim Statement of Comprehensive lucome (Unar‹dite4)

For the three months period ended December 31t 2025

Three months period ended December 31, December 31,

2025 2024

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

Net profit for the period

Other comprehensive income

Total comprehensive profit for the period

59,925 1,006,633

59,925 1,006,633

The annexed notes from 1 to 31 form an integral part of these condensed interim financial statements.

Ayla

Direc

Syed uhammad A an Ghazali Chief Financial Officer

Siemens (Pakistan) Engineering Co. Ltd.

For the three months period ended December 31, 2025

The annexed notes from 1 to 31 form an integral part of these condensed interim financial statements.

d Muha aniyal

Man irector

Pag

Sye Muhai in d hsan Ghazali Chief Fin cial Officer

Siemens (B'akistan) Engineering Co. Ltcl. Condensed interim Statement of Changes io Eqjuity

For the 1:hree months period endedl December 31, 2OZ5

Issued, Capital reserves Revenue reserves subscribed Share Treasury Other General Remeasurement Accumulated Total and paid-up premium shares capital reserves loss on defined profits

share capital reserve reserve benefit plan -

net of tax

- ----

----

(Rupees in '000)

Balance as at September 30, 2024 - Audited

Total comprehensive income for the period

Net profit for the three months period ended December 31, 2024

82,470 619,325

567 4,300 4,523,026 (534,257) 701,382 5,396,813

- 1,006,633 1,006,633

Other comprehensive income for the period

1,006,633 1,006,633

Balance as at December 31, 2024 - Unaudited

Balance as at September 30, 2025 - Audited Total comprehensive income for the period

Net profit for the three months period ended December 31, 2025

82,470 619,325

82,470 619,325

567 4,300 4,523,026

567 4,300 4,523,026

(534,257) 1,708,015 6,403,446

(574,290) 1,530,795 6,186,193

59,925

Other comprehensive income for the period -

59,925 59,925

Balance as at December 31, 2025 - Unaudited

82,470 619,325

567 4,300 4,523,026

(574,290) 1,590,720 6,246,118

The annexed notes from 1 to 31 form a inte ral part of these condensed interim financial statements.

ed Muhamm niyal Mana " ec

ed Muha ma hsan Ghazali Chief i cial Officer

Ayla Majid Director

Siemens (Pakistan) Engineering Co. Ltd.

Notes to the Condensed Interim Financial Statements (Unaudited)

For the three months period ended December 31, 2025

1. LEGAL STATUS AND OPERATIONS

   1. Siemens (Pakistan) Engineering Co. Ltd. (the Company) was incorporated in Pakistan in the year 'I 9o3 under the Companies Act, 1913 (now the Companies Act, 2017). The Company is a public limited company and its shares are quoted on Pakistan Stock Exchange Limited. The Company is principally engaged in the execution of projects under contracts and in manufacturing, sale and installation of electronic and electrical capital goods. The Company's registered office is situated at B-72, Estate Avenue, S.I.T.E., Karachi.

   2. In prior year, in line with the strategic portfolio realignment by Siemens AG (parent company) in 2024, pursuant to an in-principle approval of the Board of Directors (the Board) in its meeting held on October 11, 2024, the Board in its meeting held on September 18, 2025 approved, discontinuation of Motor Repairs Business. The said business does not have any material impact on the overall business operations of the Company.

   3. Discontinued opet'ations

      In prior year, in line with the Spin-off of the Energy Business by Siemens AG (parent company) in 2020, pursuant to an in-principle approval of the Board of Directors (the Board) in its meeting held on March 10, 2023, the Board in its meeting held on October 11, 2024 and shareholders of the Company in the Extra Ordinary General Meeting held on November 22, 2024, approved, the sale and ti-ansfer of the Company's Energy Business Segment (hereinafter refei red as the 'Energy Business') on a going concern basis, along with its assets and relevant consenting employees, to a non-affiliated Siemens Energy Group Entity i.e., Siemens Enei gy Pakistan (Private) Limited [formerly, Siemens Gamesa Renewable Energy (Private) Limited] (the buyer).

      The requisite regulatory approvals were obtained and the sale of the Energy Business stood completed on December 31, 2024 (Effective Date). In accordance with the terms and conditions of the Local Asset Transfer Agreement dated November 25, 2024 between the Company and the buyer, the aggregate consideration as mentioned above was adjusted by which the net book value as per the Effective Date fell short of Rs 17,612 million (i.e., the net bool‹ value as at the valuation date). The Company received the consideration of an (negatively) adjusted final purchase price of Rs 7,041 million based on the net book value as at December 31, 2024. Consequently, the Energy Business was economically transferred to the buyer. However, in case of certain contracts and arrangements where legal transfer is pending, the Company will continue to manage such contracts and arrangements and the related receivable and payable balances on behalf of the buyer.

      The afore-mentioned business is presented as discontinued operations (being major line of business) for the prior period in note 5 to these condensed interim financial statements.

2. BASIS OF PREPARATION

   1. These condensed interim financial statements of the Company for the three months period ended December 31, 2025 have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting which comprise of the International Accounting Standard 34 - 'Interim Financial Reporting' issued by the International Accounting Standard Board (IASB) as notified under the Companies Act, 2017 (the Act) and provisions of and directives issued under the Act. In case where requirements differ, the provisions of or directives issued under the Act have been followed.

      These condensed interim financial statements do not include all the information and disclosures required in the annual audited financial statements, and should be i ead in conjunction with the Company's annual audited financial statements for the year ended September 30, 2025.

      These condensed intei inn financial statements are unaudited and ale being submitted to the shareholders as iequit ed undei- section 237 of the Act and Pal‹istan Stock Exchange Regulations.

   2. Functional ancl presentation currency

      These condensed interim financial statements ai e presented in Pal‹istani Rupees (Rs) which is the functional and presentation currency of the Company and figures are rounded off to the nearest thousand of rupees unless otherwise specified.

      Siemens (Pal‹istan) Engineering Co. Ltd.

      Notes to the Condensed Interim Financial Statements (Unaudited)

      For the three months pei°iod ended December 31, 2025

3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND FINANCIAL RISK

   The judgments, estimates and assumptions made by the management in the preparation of these condensed interim financial statements are the same as those applied in the preparation of the Company's annual audited financial statements for the year ended September 30, 2025.

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

4. MATERIAL ACCOUNTING POLICY INFORMATION

   1. 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 annual audited financial statements for the year ended September 30, 2025, except for taxes on income in lhe interim periods are accrued using the tax rate that would be applicable to the expected total annual profit or loss.

Cash flows from discontinued operations

For the three months t›eriod ended December 31, December 31,

2025 2024

(Unaudited) (Unaudited)

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

6. LEASE LIABILITIES

As at December As at September 31, 2025 30, 2025

(Unaudited) (Audited)

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

Siemens (Pakistan) Engineering €'.o. Ltd.

Notes to the Condensed Interim Financial Statements (Unaudited) For the three months period ended December 31, 2025

1. CONTRACT LIABILITIES

   As at December As at September 31, 2025 30, 2025

   (Unaudited) tAudited)

   • -- (Rupees in '000) ----------

     Advances from customers

     • for goods

     • for projects and services

   Refund liabilities

2. SHORT-TERM BORROWINGS

   397,714

   570,915

   968,629

   335,191

   1,303,820

   584,867

   643,897

   1, 228,764

   365,541

   1,594,305

   1. Facilities for secured bank overdraft arranged with commercial banl‹s in Pakistan aggregated to Rs 4,500 million (September 30, 2025: Rs 4,500 million) at interest rate ranging from 11.57% to 11.79% per annum (September 30, 2025: 12.59% to 18.04% per annum). These include facility under Islamic mode obtained during the period from a commercial banl‹ in Pal‹istan aggregated to Rs 1,000 million. As of reporting date, these remained fully unutilised by the Company.

   2. There is no material change in the terms and conditions of the short-term running finance facilities as stated in the notes 11.2 and 1 1.3 to the annual audited financial statements of the Company for the year ended September 30, 2025.

      Siemens (Pal‹istan) Engineering Co. Ltd.

      Notes to the Condensed Interim Financial Statements (Unaudited) For the three months period ended December 31, 2025

      Warranties Losses on sales contracts

      Total

3. PROVISIONS - - --- (Rupees in '000) --------

   Balance as at September 30, 2025 (Audited)	270,552	43,441	313,993
   Additional provisions	11, 171	708	11,879
   Cost incurred	(956)		(956)
   Reversal of unutilised amounts	(4,385)	(8,451)	(12,836)
   Balance as at December 31, 2025 (Unaudited)	276,382	35,690	312,080
   Balance as at September 30, 2024 (Audited)	880,130	80,082	960,212
   Additional provisions	66,693	13,888	80,581
   Cost incurred	(7,916)	(1,652)	(9,568)
   Transferred to discontinued operations	(576,761)	(41,086)	(617,847)
   Reversal of unutilised amounts	(91,594)	(7,791)	(99,385)
   Balance as at September 30, 2025 (Audited)	270,552	43,441	313,993

4. CONTINGENCIES AND COMMITMENTS

   12,1 Contingencies

   There are no material contingencies requiring disclosure in these condensed interim financial statements as of ieporting date.

   12.2 Commitments

   1. As at December 31, 2025, capital expenditure contracted for but not incurred amounted to Rs 28.814 million (September 30, 202o: Rs 11.962 million).

   2. Guarantees limit

      utilised portion unutilised portion

   3. Letters of credit

      As at December As at September 31, 2025 30, 2025

      (Unaudited) (Audited)

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

      12,103,046 11,103,392

      3,357,495 4,192,088

      0,745,551 6,911,304

      - limit

      utilised portion unutilised portion

      3,000,000

      264,821

      2,735,179

      8,500,000

      3,431,811

      5,068,189

   4. The aggregate amount of commitments against various short-term lease alrangements for rental premises:

   As at December As at September 31, 2025 30, 2025

   (Unaudited) (Audited)

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

   Not latei than one year 2,930 2,666

   Siemens (Pakistan) Engineering Co. Ltd.

   Notes to the Condensed Interim Financial Statements (Unaudited) For the thi'ee months period ended December 31, 2025

   As at December As at September 31, 2025 30, 2025

   (Unaudited) (Audited)

5. PROPERTY, PLANT AND EQUIPMENT

   //ote

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

   Operating assets - at net book value Capital-work-in-progress

   1. Operating assets

      Opening net bool‹ value Additions during the period / year

      Disposals during the period / yeai Accumulated depreciation on disposals Depreciation for the period / year

      Closing net book value

      13, 1

      171,772

      50,567

      222,339

      181,653

      11,990

      (19,085)	(713,440)
      18,718	551,734
      (21,504)	(108,133)

      153,643

      (21,871)

      171,772

      181,653

      35,839

      217,492

      370,024

      81,468

      451,492

      (269,839)

      181,653

   2. Following is the cost of operating assets that have been added / disposed off:

      Additions Disposals

      For the three months period ended For the three months period ended December 31, December 31, December 31, December 31,

      2025 2024 2025 2024

      (Unaudited) (Unaudited) (Unaudited) (Unaudited)

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

      Plant and machinery			12,174	39,542
      Furniture and fixtures	1,336	3,512	1,225	60,139
      Office equipment	7,471	18,750	4,945	93,416
      Vehicles			38	91,679
      Tools and palterns	3,103	324	703	408,566
      	11,990	22 586	19,085	693,342

   3. Depreciation charge for the three months period ended December 31, 2025 amounted to Rs 21.504 million (December 31, 2024: Rs 29.524 million).

6. RIGHT-OF-USE ASSETS

   The right-of-use assets comprise of properties leased by the Company for its operations. Following is lhe change in right-of-use asset during the period / year:

   As at December As at September 31, 2025 30, 2025

   (Unaudited) (Audited)

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

   Opening net book value Right-of-use assets recognised clriring the period / year	481,442	14,265 o38,779
   Depreciation foi the period / yeai	(24,196)	(71,602)
   Closing net booI‹ value	457,246	481,442

   Siemens (Pakistan) Engineering Co. Ltd.

   hlotes to the Condensed Interim Financial Statements (Unaudited) For the three months period ended Decetcber 31, 2025

7. LONG-TERM TRADE RECEIVABLES

As at December As at September 31, 2025 30, 2025

(Unaudited) (Audited)

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

Siemef s (Pal‹istan) Engineering Co. Ltd.

Notes to the Condensed Interim Financial Statements (Unaudited)

For the three months period ended December 31, 2025

As at December As at September 31, 2025 30, 2025

(Unaudited) (Audited)

1. OTHER RECEIVABLES

   Considered good

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

   Due from related parties	20. I	6,518	7,486
   Sales tax refundable		1,909,733	1,973,841
   Interest accrued		94,362	92,238
   Others		11,145	6,583
   		2,021,750	2,080,148

   Considered doubtful

   5,121	5,120
   92,501	92,608
   97,622	97,728
   2,119,380	2,177,876
   (97,622)	(97,728)
   2,021,75fl	2,080,148

   Costs reimbursable from customers Others

   Less: Loss allowance

   1. Represent amounts due from Siemens Industry Software (Private) Limited having aggregate amounts due of Rs 6.518 million (September 30, 2025: Rs 7.486 million).

As at December As at September 31, 2025 30, 2025

(Unauclited) (Arldited)

For the three months periocl ended December 31, December 31,

2025 2024

(Unaurlited) (Unaudited)

Siemens (Pakistan) Engineering Co. Ltd.

Notes to the Condensed Interim Financial Statements (Unaudited) For the three months period ended December 31, 2025

For the three months period ended

Financial income 23 (148,569) (15,098)

(157,060) 894,560

Working capital changes

26U

658,780 (1,048,069)

Long-term loans and trade receivables Retention money payable

501,720

916

(153,509)

492,703

37,270

Other non-current liabilities 5,651 33,113

26.1 Worl‹ing capital changes

(Increase) / decrease its current assets: Inventories

Trade receivables

Contract assets Loans and advances

Deposits and short-tern prepayments Other receivables

Increase / (decrease) in current liabilities: Trade and other payables

Contract liabilities Provisions

508,287

267,518

162,505

41,537

(879)

(9,907)

60,620

521,314

409,577

(346,405)

1,886,319

(285,369)

(2,049)

(98,988)

(732,862)

420.646

137,466 (1,468,715)

650,780 (1,048,069)

Siemens (Pakistan) Engineering Co. Ltd.

Notes to the Condensed Interim Financial Statements (Unaudited) For the three months period ended Decem ber 31, 2025

As at December As at December 31, 2025 31 , 2024

(Unaudited) (Unaudited)

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

Cash and bank balances

7,250,197

890,620

Short-term running finances (609,324)

1. TRANSACTIONS WITH RELATED PARTIES

   7,250,197

   281,296

   Related parties comprise of Siemens AG (parent company), its subsidiaries and associates and othei companies with common directorship with significant influence on other companies, employees retirement benefit funds and key management personnel. Transactions with related parties are carried at agreed terms as approved by the Board of Directors of the Company. Transactions with related parties can be summarised as follows:

   For the three months period ended Decemher 31, December 31,

   2025 2024

   (Unaudited) (Unaudited)

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

   	Parent company Purchases of goods and receipt of services		672,984	676,096
   	Associated companies
   	Sale of goods and rendering of services		87,259	520,467
   	Purchases of goods and receipt of services		80,404	79,016
   	Costs reimbursements		8,440	2,405
   	Financial income		388	664
   	Key management personnel
   	Compensation to key management personnel	28. 1	33,361	51,100
   	Sale of office equipment		9
   	Others
   	Contribution to employees' retirement benefit funds		26,329	48,303
   20.1	The details of compensation to hey management personnel are as follows:
   	Short-term benefits		24,833	46,109
   	Post-employment benefits		1,508	1,330

   Share based benefits

   7,020 3,661

   33,361 51,100

   28.2 Amounts due from, due to and arrangements with related parties are disclosed in the relevant notes to these condensed interim financial statements.

   Siemens (Pal‹istan) Engineering Co. Ltd.

   Notes to the Condensed Interim Financial Statements (Unaudited)

   For the three months period ended Decembei' 31, 2025

2. INFORMATION ABOUT BUSINESS SEGMENTS

   The Company is operating through lhree business portfolios, namely Smart Infrastructure, Digital Industries and Energy (discontinued) focusing on the areas of intelligent infraslructure for buildings and distributed energy systems, aulomation and digitalization in the process and manufacturing and power generation and distribution.

   1. The details of information about operating business segments is as follows:

      Smart Infrastructure

      Digital Industries

      Energy (Note 29.2)

      Others

      Ellrninatlons

      Company as a whole

      (Rupees In '000)

      Segment

      ---For the three nz onths period ended December 31, 2025 (Unaudited)-----------------------
      REVENUE
      Sales to external customers	1,332,777	494,871		60,399		1,000,047
      Inter-segment sales	10,458	3,606			(14,064)	-
      Total revenue	1,343,235	490,477		60,390	(14,0G4)	1,080,047
      Sales disaggregalion by lype of contracts (major stream)	Sale of goods	Sale of goods		Sale of goods
      RESULT
      Segment resull	(6,225)	(44,095)		(25,900)		(76,220)
      Financial expenses						(10,942)
      Financial income						146,247
      Levy and income lax						841
      Net profil for the period						59,926
      OTHER INFORMATION
      Capital expenditure	11,295	1,366
      Deprecialion	9,305	3,736		B6
      Non-cash expenses other than depreciation	(2,301)	(25)	-	108
      ASSETS AND LIABILITIES '-------------------------------------------As at December 31, 2025 (Unaudited)--------------------------------------------
      Segment assets	2,296,515	1,119,381	-	496,906	-	3,912,802
      Segment liabilities	2,829,540	1,279,065	-	1,587,447	-	5,696,052
      - - - ---For the three months period ended December 31, 2024 (Unaudited)-----------------------
      REVENUE
      Sales to external cuslomers	1,139,414	383,272	3,572,563	70,492		5,165,741
      Inter-segment sales	146,835	26,0u3			(172,888)
      Total revenue	1,286,249	409,325	3,572,563	70,492	(172,888)	5,165,741
      Sales disaggregatioil by type			Execution of
      of conlracts (major sfream)	Sale of goods	Sale of goods	contracts	Sale of goods
      RESULT
      Segment result	374,882	20,132	1,266,045	2,708		1,GG3,767
      Financial expenses						(130,444)
      Financial income						g,218
      Levy and income tax						(601,053)
      Gain on sale of business - net of income tax 65,151
      Ne( profil for the period						1,006,633
      OTHER INFORMATION
      Capi(al expenditure	2,169	3,020	4,120
      Depreciation	10,331	4,869		59
      Non cash expenses oilier than depreciation	13,717	7,fi10	16,773	500
      ASSETS AND LIABILITIES ---- ----•---------------------As at September 30, 2025 (Auditecl)---------------------------------------------
      Seg ment Ossels	2,550,0G3	1,029,595	-	646,731	4,22G,789
      Segment liabilities	3,172,035	1,507,941		911,270	5,601,24G

   2. This represents discontinued operations as mentioned in mole 5 to Ihese condensed inlerinJ linancial slalenJenls.

      Pag e - IG

      Siemens (Pakistan) Engineering Co. Ltd.

      Notes to the Condensed Interim F-inancial Statements (Unaudited)

      For the three months period ended December 31, 2025

      For the three months period ended December 31, December 31,

      2025 2024

      (Unauditecl) (Unaudited)

   3. Geographical information

      Sales to external customers

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

      Pakistan Others

      The revenue information above is based on the location of customers.

      1,842,477

      45,570

      1,888,047

      5,139,291

      26,450

      5,165,741

3. FAIR VALUE MEASUREMENT 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 in the principal (or most advantageous) market at the measurement date under current market conditions (i.e. an exit price) regardless of whether that price is directly observable or estimated using another valuation technique. The carrying values of all financial assets and liabilities ale estimated to approximate their fair values.

4. DATE OF AUTHORISATION

These condensed interim financial statements were authorised for issue by the Boaid of Directors of the Company in the meeting held on January 28, 2026.

Syed M,

an

d Daniyal

cto

Pa

Sy, d Muhammad Ahsan Ghazali Chief Financial Officer

Ayla Majid Director