Transmission of Quarterly Report for the Period Ended 30/06/2025

SIEMENS (PAKISTAN) ENGINEERING CO. LTD.

DIRECTORS' REPORT

NINE MONTHS ENDED JUNE 30TH, 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., Karachi.

SIEMENS

Dear Shareholders,

We, the undersigned, for and on behalf of the Board of Directors are pleased to present the Siemens (Pakistan) Engineering Co. Ltd. ("Company"), unaudited condensed interim financial statements and a review of the Company's performance for the nine months ended June 30, 2025.

Company's Performance: Key Performance Indicators ("KPls") for the nine months ended June 30, 2025, compared to corresponding period last year are summarized below:

KPls

Rupees in million

Nine Months Nine Months Ended Ended

Revenue from continuing operations during the nine months period ended June 30, 2025, is Rs 6,462 million while comparable revenue during the corresponding period last year was Rs 6,582 million which was mainly owing to higher order back log accumulated in view of the then prevailing import restrictions.

During the nine months period ended June 30, 2025, the profit before tax from discontinued operations is Rs 724 million which includes Rs 705 million recognised in respect of change of fair value of embedded foreign currency derivatives on economic transfer of foreign currency host contracts pursuant to sale of Energy Business.

Future Outlook:

Post carve-out of the energy business, the Company has streamlined its portfolio to Smart Infrastructure (SI) and Digital Industries (DI), to address Pakistan's infrastructure modernization and industrial digitalization opportunities. The Company intends to leverage its technological leadership and market presence to expand business volumes while prudently managing operational challenges.

The Board of Directors and Management remain optimistic that this focused approach will create sustainable value for our shareholders and reinforce our position as a trusted technology partner in line with global "ONE Tech Company" program.

Acknowledgement: The Board of Directors expresses its sincere gratitude to our employees and Management for their exempla dedication. We also thank our stakeholders, customers, suppliers, business partners, financial institutions, and regu ators for their continued trust and confidence in the Company.

The enclosed con e sed interim financial statements are unaudited. On behalf of the B d of Directors

Syed Muha a Daniy J

Managing ire or

tunic uly 24, 2025

Ayla M' ajid Director

SIEMENS

Condensed Interim Financial Statements

for the nine months period ended June 30, 2025

(Unaudited)

Registered Office:

Siemens (Pakistan) Engineering Co. Ltd. B-72, Estate Avenue

S. I. T. E.

Karachi - 75700

As at June 3O, 2025

Equity and liabilities

Share capital and reserves Share capital

- Authorised

June 30, September 30,

2025 2024

(Unaudited) (Audited)

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

20,000,000 (September 30, 2024: 20,000,000) Ordinary shares of Rs 10 each

- Issued, subscribed and paid-up

8,247,037 (September 30, 2024: 8,247,037) Ordinary shares of Rs 10 each

Reserves

200,000

82,470

200,000

82,470

Capital Revenue

Total equity

Non-current liabilities

Lease liabilities Deferred liabilities Retention money

624,192 624,192

5,459,203 4,690,151

6,083,395 5,314,343 6,165,865 5,396,813

7

Trade and other payables Contract liabilities

Current portion of lease liabilities Short-term borrowings Provisions

Taxation - net Unclaimed dividend

1,146,797

8 5,496,622

9 1,563,321

6 20,665

10

11 307,538

642,944

29,773

969,471

15,175,613

4,105,624

20,079

4,000,497

960,212

839,375

29,828

Total liabilities

Contingencies and commitments Total equity and liabilities

Assets

Non-current assets

8,060,863 25,131,228

9,207,660 26,100,699

12

15,373,525 31,497,512

Property, plant and equipment Right-of-use assets

Intangible assets

Long-term loans and trade receivables Long-term deposit

13 231,065

14 474,700

J5

395,695

14,265

6,329

2,253,196

Inventories

Trade receivables Contract assets Loans and advances

Deposits and short-term

18

19

ayments

1,473,302

2,426,674

613,685

11,275

131,817

Derivative financial instr ments 20

Other receivables 2J

Short-term investments 22

Cash and bank balances 23

Total assets

The annexed notes

2,297,194

3,503,688

3,349,592

13,807,227

15,373,525

1,857,824

15,189,763

3,026,608

365,783

172,529

764,944

1,682,190

4,307,198

27,366,839

31,497,512

rm an integral part of these condensed interim financial statements.

Daniyal Director

yed Muh'a m Chief

Ghazali cer

'- Ayla ajid

Director

Deferred tax asset - net Current assets

16 838,033 1,461,188

1,566,298 4,130,673

Nine months period ended Three months period ended

Continuing operations

Net sales and services Cost of sales and services Gross profit

Marketing and selling expenses

Reversal of / (allowance for) expected credit losses General administrative expenses

Other income

Other operating expenses Net other operating expenses Operating profit

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

24 6,462,110 6,581,964 3,168,521 1,565,414

(5,318,638) (5,285,172) (2,710,384) (1,124,509)

1,143,472 1,296,792 458,137 440,905

(896,949) (713,905) (316,387) (230,815)

246,523 582,887 141,750 210,090

1,674 6,739 1,471 221

(34,794) (23,383) (17,494) (5,260)

(33,120) (16,644) (16,023) (5,039)

213,403 566,243 125,727 205,051

Financial income Financial expenses Net financial income

25 271,988 14,871 138,161

(32,310) (13,236) (11,418)

239,678 1,635 126,743

6,393

(4,233)

2,160

Profit before levy and income tax

from continuing operations

Levy

453,081 567,878

26 (89,729) (144,851)

252,470 207,211

(30,886) 8,823

Profit before income tax

from continuing operations

Income tax

Profit for the period

from continuing operations Discontinued operations

363,352 423,027

27 (318,387) 41,512

44,965 464,539

221,584 216,034

(35,855) 55,281

185,729 271,315

The annexed notes

to 35 form an integral part of these condensed interim financial statements.

Syed

âd Daniyal

Director

Syed I ad Ahsan Ghazali

Chief Financial Officer

a Majid

Dir ctor

Condensed Interim Statement of Comprehensive Income (Unaudited)

For the nine months period ended June 30, 2025

Nine months period ended Three months period ended

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

Net profit / (loss) for the period Other comprehensive income

769,052 (1,558,871) 185,729

8,762

Total comprehensive profit / (loss) for the period 769,052 (1,558,871) 185,729 8,762

The annexed notes from 1 to 35 form an integral part of these condensed interim financial statements.

yed Muham ad i/aI Managi

yed Mul ad Ahsan Ghazali Chief Financial Officer

Ayla Majid Director

Nine months period ended June 30, June 30,

2025 2024

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

The annexed notes from 1 to 35 form an integral part of these condensed interim financial statements.

Syed M am d Daniyal ana g Director

Sy d Muham ad Ahsan Ghazali Chief Financial Officer

Ayla Majid Director

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)

The annexed notes from 1 to 35 for an in egral part of these condensed interim financial statements.

d Muha ad al Man ng Di

ed Muha d Ahsan Ghazali Chief Financial Officer

' Ayla Majid

Director

1. LEGAL STATUS AND OPERATIONS

   1. Siemens (Pakistan) Engineering Co. Ltd. (the Company) was incorporated in Pakistan in the year 1953 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. Discontinued operations

      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 has 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 transfer of the Company's Energy Business Segment (hereinafter referred 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 Energy Pakistan (Private) Limited [formerly, Siemens Gamesa Renewable Energy (Private) Limited] (the buyer) for an aggregate consideration of Rs 17,819 million as at the valuation date, i.e., March 31, 2024. The net book value of Energy Business as at the valuation date was Rs 17,612 million.

      The requisite regulatory approvals were obtained and the sale of the Energy Business stood complete 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 book value as at the valuation date), and the same is disclosed in note 28 to these condensed interim financial statements. 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 period in note 5 to these condensed interim financial statements. Further, the comparative figures of the condensed interim statement of profit or loss and respective notes have been re-presented accordingly. The related gain on sale of Energy Business is presented in note 28 to these condensed interim financial statements.

2. BASIS OF PREPARATION

   1. These condensed interim financial statements of the Company for the nine months period ended June 30, 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 read in conjunction with the Company's annual audited financial statements for the year ended September 30, 2024.

      These condensed interim financial statements are unaudited and are being submitted to the shareholders as required under section 237 of the Act and Pakistan Stock Exchange Regulations.

   2. Functional and presentation currency

      These condensed interim financial statements are presented in Pakistani 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.

      For the nine months period ended June 30, 2025

3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND FINANCIAL RISK MANAGEMENT

   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, 2024.

   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, 2024.

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, 2024, except for taxes on income in the interim periods are accrued using the tax rate that would be applicable to the expected total annual profit or loss.

   2. Amendments to certain existing standards and interpretations on accounting and reporting standards effective during the period were either not relevant or did not have any material impact on these condensed interim financial statements except as follows:

      The Institute of Chartered Accountants of Pakistan (ICAP) has withdrawn Technical Release 27 'IAS 12, Income Taxes (Revised 2012)' and issued the 'IAS 12 Application Guidance on Accounting for Minimum Taxes and Final Taxes' (the Guidance). The said guidance requires the Company to recognise minimum tax or final tax on gross amount of revenue or other basis as levy within the scope of IFRIC 21 / IAS 37 as an operating expense. Accordingly, the impact has been incorporated in these condensed interim financial statements retrospectively in accordance with the requirement of International Accounting Standard (IAS 8) - 'Accounting Policies, Change in Accounting Estimates and Errors', which is as follows:

      Effect on condensed interim statement Had there been Impact of change in After incorporating of profit or loss no change in accounting policy effects of change in

      (continuing and discontinued operations) accounting policy accounting policy

      For the nine months period ended June 30, 2025

      Levy		177,212	177,212
      Profit before income tax	1,722,295	(177,212)	1,545,083
      Income Tax	(953,243)	177,212	(776,031)
      For the nine months period ended June 30, 2024
      Levy		365,369	365,369
      Loss before income tax	(1,061,422)	(365,369)	(1,426,791)
      Income Tax	(497,449)	365,369	(132,080)

      The related changes to the condensed interim statement of cash flows with respect to the amount of profit / (loss) before taxation have been made, however there has been no effect on the condensed interim Statement of Financial Position, net profit / (loss) for the period or earnings / (loss) per share and condensed interim Statement of Changes in Equity.

      Siemens (Pakistan) Engineering Co. Ltd.

      Notes to the Condensed Interim Financial Statements (Unaudited)

      For the nine months period ended June 30, 2025

5. DISCONTINUED OPERATIONS

   1. As stated in note 1.2 to these condensed interim financial statements, the results of the discontinued operations for the period are presented below:

      For the nine months period ended For the three months period ended

      June 30, 2025 (Unaudited)			June 30, 2024 (Unaudited)	June 30, 2025 (Unaudited)	June 30, 2024 (Unaudited)
      Discontinued operations No Ie ------------------------------(Rupees in '000) -------------------------------------
      Net sales and services		3,572,563	19,421,149	-	5,314,025
      Cost of sales and services		(2,774,955)	(16,291,094)	-	(4,207,803)
      Unrealised gain / (loss) on derivatives - net	20.3	705,082	(1,877,117)	-	(447,855)
      Gross profit		1,502,690	1,252,938	-	658,367

      (145,858)	(420,166)	-	(106,736)
      79,291	(537,509)	-	154,642
      (76,712)	(110,350)	-	(40,191)

      Marketing and selling expenses

      	(143,279)	(1,068,025)	-	7,715
      	1,359,411	184,913	-	666,082
      		271	-	39
      	(52,082)	(127,842)	-	(34,674)
      	(52,082)	(127,571)	-	(34,635)
      	1,307,329	57,342	-	631,447
      	(129,877)	(1,686,642)	-	(659,310)
      	1,177,452	(1,629,300)	-	(27,863)
      	(87,483)	(220,518)	-	(88,178)
      	1,089,969	(1,849,818)	-	(116,041)
      	(431,033)	(173,592)	-	(146,512)
      	658,936	(2,023,410)	-	(262,553)
      28	65,151

      Reversal of / (allowance for) expected credit losses General administrative expenses

      Other income

      Other operating expenses Net other operating expenses Operating profit

      Financial expenses

      Profit / (loss) before levy, income tax and gain on sale of business

      Levy

      Profit / (loss) before income tax and gain on sale of business

      Income tax

      Profit / (loss) before gain on sale of business

      Gain on sale of business - net of income tax Net profit / (loss) for the period

      Basic and diluted earnings / (loss) per share

      724,087

      (2'023,410. .)... ....... ..... .....................-.. . .. ........... .....(..2...6 2. ,..5. 5. 3)

      from discontinued operations (Rupees)

      87.80

      (245.35) -

      (31.84)

   2. The net cash flows from the discontinued operations are as follows:

      For the nine months period ended

      	June 30,	June 30,
      	2025	2024
      	(Unaudited)	(Unaudited)
      Cash flows from discontinued operations	- (Rupees in	'000) ----------
      Net cash flows from operating activities	670,342	(6,149,229)
      Net cash flows from investing activities	7,037,402	(80,359)
      Net cash flows from financing activities	(4,000,497)	3,900,361
      Net cash flows from discontinued operations	3,707247	(2,329227)

6. LEASE LIABILITIES

As at June As at September 30, 2025 30, 2024

(Unaudited) (Audited)

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

9.1 These include advance received from a related party, Rousch (Pakistan) Power Limited, having aggregate amount due of nil (September 30, 2024: Rs 194.321 million) as per the contractual payment terms.

1. SHORT-TERM BORROWINGS

   Secured

   Short-term loans

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

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

   - 4,000,497

   1. Facilities for secured bank overdraft arranged with commercial banks in Pakistan aggregated to Rs 4,500 million (September 30, 2024: Rs 12,800 million) at interest rate ranging from 11.78% to 20.00% per annum (September 30, 2024: 19.80% to 23.16% per annum). These include facility under Islamic mode obtained during the period from a commercial bank in Pakistan aggregated to Rs 1,000 million. These are secured against joint hypothecation charges over inventories and trade receivables of the Company. 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 12.3 and 12.4 to the annual audited financial statements of the Company for the year ended September 30, 2024.

      Warranties Losses on sales contracts

      Total

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

   Balance as at September 30, 2024 (Audited)	880,130	80,082	960,212
   Additional provisions	44,357	7,572	51,929
   Cost incurred	(583,548)	(42,738)	(626,286)
   Reversal of unutilised amounts	(70,526)	(7,791)	(78,317)

   Balance as at June 30, 2025 (Unaudited)

   270 413

   37 125

   307 53....8....

   Balance as at September 30, 2023 (Audited)	641,274	567,167	1,208,441
   Additional provisions	438,882	4,417	443,299
   Cost incurred	(37,543)	(472,884)	(510,427)
   Reversal of unutilised amounts	(162,483)	(18,618)	(181,101)
   Balance as at September 30, 2024 (Audited)	880,130	...8....0... 0. 82	9...6....0 '212

3. 12.1

   12.2

   (i)

   CONTINGENCIES AND COMMITMENTS

   Contingencies

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

   Commitments

   As at June 30, 2025, capital expenditure contracted for but not incurred amounted to Rs 21.930 million (September 30, 2024: Rs 57.981 million).

   (ii)

   7,500,000

   5,194,811_ _

   2,305,189

   
   
   

   (iii)

   Guarantees

   limit	12.!..1. 06' 967	..... ....2..1..!..0. .4. 4 ' 930
   utilised portion	4,069,152	19,355,211
   unutilised portion	8,037,815	1,689,719

   Letters of credit

   limit

   utilised portion unutilised portion

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

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

   (iv) The aggregate amount of commitments against various short-term lease arrangements for rental premises:

   
   
   

   (v)

   Not later than one year

   Other commitments

   guarantees issued by Siemens AG (parent company) on behalf of the Company

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

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

   
   
   

   For _the nine months period ended June 30› 2025

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

4. PROPERTY, PLANT AND EQUIPMENT

   Note

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

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

   1. Operating assets

      Opening net book value Additions during the period / year

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

      Closing net book value

      13.1

      177,164

      53,901

      231,065

      370,024

      52,237

      (708,499)	(98,960)
      547,783	96,454
      (84,381)	(147,925)

      422,261

      (245,097)

      177 164

      370,024

      25,671

      395,695_

      258,016

      262,439

      520,455

      (150,431)

      370,024

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

      Additions Disposals

      For the nine months period ended For the nine months period ended

      June 30, 2025 (Unaudited) - -		June 30, 2024 (Unaudited) (Rupees	June 30, 2025 (Unaudited) in '000)	June 30, 2024 (Unaudited)
      Plant and machinery		3,535	39,820		18,305
      Furniture and fixtures	9,263	6,141	64,380		5,535
      Office equipment	41,598	72,894	102,715		24,763
      Vehicles			93,018		8,184
      Tools and patterns	1,376	71,503	408,566		13,877
      	52,237	154,073	708,499	_	7_0,664

   3. Depreciation charge for the nine months period ended June 30, 2025 amounted to Rs 84.381 million (June 30, 2024: Rs 100.135 million).

5. RIGHT-OF-USE ASSETS

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

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

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

   Opening net book value	14,265	36,742
   Right-of-use assets recognised during the period / year	508,779
   Depreciation for the period / year	(48,344)	(15,612)

   Right-of-use assets disposed off during the period / year Closing net book value

   (6,865)

   
   
   

   14 265

   For the nine months period ended June 30, 2025

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

6. LONG-TERM LOANS AND TRADE RECEIVABLES Note ----------- (Rupees in '000) ----------

Loans

Due from employees

Less: Due within one year Long-term portion Discounting to present value

Trade receivables Considered good Considered doubtful

Less: Loss allowance

- 2,527

- (1,506)

- 1,021

- (176)

- 845

- 3,393,249

- (1,140,898)

- 2,252,351

2,253,196

Derivative financial instruments 141,977

Right-of-use assets

918,902

(80,869)

1,464,474

(3,286)

18.1 Represents amounts due from Rousch (Pakistan) Power Limited having aggregate amount of nil (September 30, 2024: Rs 6.675 million).

This represents derivative contracts embedded in foreign currency host construction contracts entered into by the Company with its customers and suppliers which are used as economic hedges and are not designated as hedging instruments in hedge relationships. The economic characteristics and risks of such embedded contracts are not closely related to those of the host contracts and therefore are accounted for as separate derivatives and are carried at fair value though profit or loss. Fair values of embedded foreign currency derivatives are based on forward exchange rates for the due dates of the respective embedded derivatives.

1. OTHER RECEIVABLES

   Considered good

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

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

   Due from related parties	21.1	2,587		5,457
   Costs reimbursable from customers		619		203,189
   Receivable against pending contracts	2f.2	113,202
   Sales tax refundable		2,077,738		1,382,592
   Interest accrued		92,039		81,686
   Others		11,009		9,266
   		2,297,194		1,682,190

   123	40,483
   97,629	96,679

   Considered doubtful

   97,752		137,162
   2,394,946		1,819,352
   		(137,162)
   2,297,7 2'		1,682,190

   Costs reimbursable from customers Others

   Less: Loss allowance

   1. Represent amounts due from Siemens Industry Software (Private) Limited having aggregate amounts due of Rs 2.587 million (September 30, 2024: Rs 5.457 million).

   2. This represents net balance receivable from Siemens Energy Pakistan (Private) Limited amounting to Rs 113.202 million (September 30, 2024: nil) on account of pending contracts as mentioned in note 1.2 to these condensed interim financial statements.

As at June As at September 30, 2025 30, 2024

(Unaudited) (Audited)

22.2 Represents term deposit receipts up to maturity of three months with commercial banks under Islamic mode carrying profit rate ranging from 9.5% to 9.7% per annum having maturity upto July 30, 2025.

1. CASH AND BANK BALANCES

   With banks in

   As at June As at September 30, 2025 30, 2024

   (Unaudited) (Audited)

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

   Current accounts	1,051,100	540,933
   Deposit accounts	2,298,492	3,766,123
   	3,349,592	4,307,056
   Cash in hand		142
   		4,307,198
   	For the nine months	period ended
   	June 30,	June 30,
   	2025	2024
   	(Unaudited)	(Unaudited)

2. NET SALES AND SERVICES

   Sales disaggregation by type of contracts

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

   Execution of contracts Sale of goods Rendering of services

   Sales tax

   Gross sales and services Less: Sales tax

3. FINANCIAL INCOME

   Interest on amounts placed with banks under deposit accounts Interest on term deposit receipts

   Interest on other receivables

   1,181,393

   4,224,839

   1,055,878

   6,462,110

   960,463

   7,422,573

   (960,463)

   6,462,110

   163,897

   97,737

   10,354

   271 988

   504,989

   3,683,992

   2,392,983

   6,581,964

   1,054,448

   7,636,412

   (1,054,448)

   6,581,964

   7,644

   7,227

   44 871

LEVY

Minimum Tax Final tax levy

87,836

1,893

......................8 9. '729

144,702

149

144,851

For the nine months period ended June 30, June 30,

2025 2024

(Unaudited) (Unaudited)