Transmission of Quarterly Report for the Period Ended 31.03.2026

02

Company Information

03

Directors' Report

05

Shariah Review Report

07

Condensed Interim Statement of Financial Position (Un-audited)

08

Condensed Interim Statement of Profit or Loss (Un-audited)

09

Condensed Interim Statement of Comprehensive Income (Un-audited)

10

Condensed Interim Statement of Changes in Equity (Un-audited)

11

Condensed Interim Statement of Cash Flows (Un-audited)

12

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

Human Resource & Remuneration Committee

Chairman

Members

Board of Directors

Chairman

Chief Executive Officer

Directors

Mr. Ahmad Hassan

Mr. Muhammad Adrees

Mr. Ijaz Hussain

Mr. Haroon Ahmad Zuberi

Mr. Abdul Awwal

Mr. Najmul Hoda Khan

Mrs. Shala Waheed Sher

Mr. Mazhar Ali Khan

Mr. Zakir Hussain (FCA)

Company Secretary

Chief Financial Officer

Audit Committee

Chairman

Members

Mr. Haroon Ahmad Zuberi

Mr. Najmul Hoda Khan

Mr. Abdul Awwal

Mr. Ahmad Hassan

Mr. Muhammad Adrees

Mrs. Shala Waheed Sher

Mr. Asghar Ali (ACMA)

M/s. Yousuf Adil

Chartered Accountants

Mr. Waqar Arif

M/s. Alhamd Shariah Advisory Services (Pvt.) Limited

Meezan Bank Limited

Bank Alfalah Limited

Habib Bank Limited

Standard Chartered Bank Pakistan Limited

Al-Baraka Bank (Pakistan) Limited

Faysal Bank Limited

National Bank of Pakistan

MCB Bank Limited

MCB Islamic Bank Limited

Dubai Islamic Bank Pakistan Limited

Bank Islami Pakistan Limited

The Bank of Khyber

Askari Bank Islamic Banking

The Bank of Punjab

United Bank Limited

Soneri Bank Limited

Bank Al-Habib Limited

Habib Metropolitan Bank Limited

Allied Bank Limited

https://www.sitara.com.pk

601-602 Business Centre, Mumtaz Hassan Road, Karachi.-74000

THK Associates (Private) Limited

Plot No. 32-C, Jami Commercial Street 2, D.H.A., Phase VII, Karachi-75500

28 / 32 KM, Faisalabad - Sheikhupura Road, Faisalabad, Pakistan

Legal Advisor

Shariah Advisor

Bankers

Website of the Company

Registered Office

Share Registrar Address

FINANCIAL PERFORMANCE:

The period under review was characterized by a relatively stable macroeconomic environment compared to the previous year, supported by easing inflationary pressures and a gradual decline in policy rates. During the nine-month period under review, the Company recorded net sales of PKR 24,325 million as compared to PKR 24,248 million in the corresponding period of last year, reflecting a marginal increase of 0.32%. Gross profit improved significantly to PKR 4,722 million from PKR 3,928 million in the same period last year, registering an increase of PKR 793 million. This improvement is primarily attributable to a reduction in national grid electricity tariffs and optimization of the Company's energy mix, resulting in lower production costs and improved margins.

Distribution expenses increased primarily due to higher average POL prices, particularly the sharp escalation observed in March 2026, which resulted in increased freight and delivery costs. Administrative expenses also rose due to increase in payroll costs and the inflationary impact on general overheads. On the other hand, finance costs declined during the period under review, reflecting the benefit of monetary easing by the State Bank of Pakistan, which led to a reduction in borrowing costs.

The textile segment also demonstrated improved performance, supported by relatively favorable procurement prices of both local and imported cotton, as well as improved energy efficiency following the further induction of solar power in overall energy mix of yarn division.

Resultantly, the Company's total profit after tax has increased to PKR 1,173 million as compared to PKR 712 million in the corresponding period last year. Earnings per share (EPS) increased to PKR 54.76 from PKR 33.23 in the same period last year.

FUTURE OUTLOOK:

The Company's 50 MW coal-fired power plant is presently in the final stages of testing and commissioning. Management expects the plant to achieve commercial operations in the near term, which is anticipated to enhance energy cost efficiency and strengthen operational reliability, subject to normalization of international coal prices following recent increases driven by geopolitical tensions.

Going forward, the Company remains cautiously optimistic about its outlook. However, ongoing geopolitical developments in the Middle East-resulting in volatility in global energy and coal prices and potential supply chain disruptions-along with persistent inflationary pressures and possible monetary tightening measures to contain inflation, may pose challenges to the operating environment and could adversely impact overall business performance.

ACKNOWLEDGMENT:

The Directors wish to place on record their appreciation for the continued support and confidence of shareholders, customers, suppliers, financial institutions, and regulators. The Board also acknowledges the dedication and hard work of the Company's employees, whose commitment remains vital to the Company's sustained progress.

Muhammad Adrees

Chief Executive Officer

Date: April 28, 2026

Faisalabad.

Ijaz Hussain

Director

3

Sitara Chemical Industries Limited

For the nine months period ended

March 31, 2026

31,855,203

7,480

3,412,527

20,039

225,792

125,334

35,646,376

1,935,099

4,236,690

2,720,867

1,282,369

63,041

2,407,202

695,887

433,719

13,774,873

49,421,249

214,294

1,667,131

14,517,391

3,530,251

19,929,067

7,636,927

3,850,197

167,092

11,654,216

4,831,572

824,004

10,018,021

708,855

32,953

1,422,562

17,837,966

49,421,249

ASSETS

NON - CURRENT ASSETS

Note

(Rupees in thousand)

Property, plant and equipment

5

29,901,980

Intangible assets

6,371

Investment property

6

3,418,251

Long-term investments

20,039

Long-term loans and advances

539,655

Long-term deposits

125,334

CURRENT ASSETS

34,011,629

Stores, spare parts and loose tools

1,710,214

Stock-in-trade

4,190,277

Trade debts

2,919,788

Loans and advances

956,327

Trade deposits, prepayments and other receivables

60,868

Advance income tax

2,550,093

Other financial assets

7

773,940

Cash and bank balances

334,865

13,496,372

47,508,001

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Share capital

214,294

Reserves

1,568,514

Unappropriated profit

13,404,338

Surplus on revaluation of property, plant and equipment

3,678,570

NON - CURRENT LIABILITIES

18,865,716

Long-term financing

8

8,021,931

Deferred taxation

3,770,611

Deferred liabilities

9

176,292

CURRENT LIABILITIES

11,968,834

Trade and other payables

4,463,874

Profit / financial charges payable

1,194,155

Short term borrowings

9,340,377

Provision for taxation

839,712

Unclaimed dividend

29,912

Current portion of long-term financing

805,421

CONTINGENCIES AND COMMITMENTS

10

16,673,451

47,508,001

24,324,814

(19,605,337)

4,719,476

(565,137)

(1,004,386)

(356,929)

(1,037,073)

(2,963,525)

183,801

1,939,752

(1,319)

1,938,434

(764,957)

1,173,476

54.76

8,639,307

(6,945,923)

1,693,384

(186,126)

(359,754)

(112,661)

(350,708)

(1,009,249)

57,215

741,349

(440)

740,910

(292,213)

448,697

20.94

CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

Nine months period ended

Three months period ended

March 31,

March 31,

March 31,

March 31,

2026

2025

2026

2025

(....….…..……………Rupees in thousand )

1,173,476

712,057

15,063

1,981

5,744

(1,159)

132,699

(22,164)

125,597

6,566

1,299,074

718,623

448,697

347,108

-

-(555)

83

(45,989)

6,898

(39,091)

(472)

409,606

346,636

Items that will not be reclassified

subsequently to profit or loss

Gain on sale of investments measured at FVTOCI

Gain/ (loss) on re-measurement of investments measured at FVTOCI

Related tax impact

Chief Financial Officer

Chief Executive Officer

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

Share Capital

Reserves

Total

Capital

Revenue

Total Reserves

Share Premium

Reserve on remeasurement of equity instruments as at FVTOCI - net of tax

Reserve on remeasurement of post retirement benefits obligation-net of tax

Surplus on revaluation of property, plant and equipment

General Reserve

Unappropriated profit

(……………………………………………………………………….. Rupees in thousand )

214,294

97,490

177,829

(8,454)

3,893,550

1,225,000

12,464,378

17,849,793

18,064,087

Total comprehensive income

Profit for the period

Other comprehensive income

Transfer to unappropriated profit on account of disposal of

financial assets carried at FVTOCI

Transfer to unappropriated profit on account of incremental

depreciation - net of tax

Transactions with owners

Final dividend for the year ended June 30, 2024 @ Rs. 10 per share

Balance as at March 31, 2025 - Un-audited

-

- -

-

-

- 712,057

712,057

712,057

-

- 6,566

-

-

- -

6,566

6,566

-

- 6,566

-

-

- 712,057

718,623

718,623

(9,575)

9,575

-

-

214,294

97,490

258,328

(12,304)

3,678,570

1,225,000

13,404,338

18,651,422

18,865,716

- - - - - - 1,173,476 1,173,476 1,173,476

- - 125,597 - - - - 125,597 125,597

- - 125,597 - - - 1,173,476 1,299,074 1,299,074

(26,981) - - - 26,981 - -

- - - - (148,319) - 148,319 - -

- - - - - - (235,723) (235,723) (235,723)

214,294 97,490 356,944 (12,304) 3,530,251 1,225,000 14,517,391 19,714,773 19,929,067

-

-

-

-

(161,235)

-

161,235

-

-

-

-

-

-

-

-

(214,294)

(214,294)

(214,294)

214,294

97,490

174,820

(8,454)

3,732,315

1,225,000

13,132,951

18,354,122

18,568,416

Transfer to unappropriated profit on account of disposal of

financial assets carried at FVTOCI

Transfer to unappropriated profit on account of incremental

depreciation - net of tax

Transactions with owners

Final dividend for the year ended June 30, 2025 @ Rs. 11 per share

Balance as at March 31, 2026 - Un-audited

Total comprehensive income

Profit for the period

Other comprehensive income

1,938,434

1,106,082

5,723

591

(4,854)

1,037,073

17,645

7

35,869

(33,039)

1,319

-(36,138)

182,195

(17,158)

2,295,316

4,233,750

(267,975)

3,965,775

(1,371,086)

(8,931)

(640,050)

(2,020,068)

1,945,708

(3,081,048)

4,097

(1,700)

(807,012)

1,051,433

-309,972

17,158

19,287

(2,487,813)

1,110,216

(914,217)

677,644

(232,683)

640,959

98,854

334,865

433,719

Profit before taxation

1,110,041

Depreciation on property, plant and equipment

1,133,555

Depreciation on investment property

6,718

Amortization on intangible assets

516

Gain on investments measured at FVTPL

(9,190)

Finance cost

1,548,548

Loss on disposal of property, plant and equipment

31,294

Exchange loss

(4)

Provision for employee benefits

32,802

Dividend income

(50,814)

Final tax and minimum tax differential

13,693

Unwinding of deferred receivable

(17,667)

Amortization of deferred grant

(57,113)

Impairment loss on financial assets

75,942

Profit on bank deposits

(18,030)

2,690,249

Operating cash flows before working capital changes

3,800,290

Working capital changes

17

(56,288)

Cash generated from operations

3,744,002

Finance cost paid

(1,230,474)

Employee benefits paid

(19,913)

Taxes paid

(447,434)

(1,697,820)

Net cash generated from operating activities

2,046,182

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

including capital work in progress

(6,565,893)

Proceeds from disposal of property, plant and equipment

50,192

Purchase of intangible assets

(277)

Purchase of other financial assets

(1,089,839)

Proceeds from disposal of other financial assets

1,329,736

Long-term deposits paid

(559)

Long-term loans and advances received

61,841

Profit received on bank deposits

18,030

Dividend income received

14,992

Net cash used in investing activities

(6,181,776)

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term financing obtained

5,657,681

Repayment of long-term financing

(587,296)

Short term borrowing - net

(550,762)

Dividend paid

(212,503)

Net cash generated from financing activities

4,307,120

Net increase/(decrease) in cash and cash equivalents

171,526

Cash and cash equivalents at the beginning of the period

360,476

Cash and cash equivalents at the end of the period

532,002

The annexed notes from 1 to 19 form an integral part of these condensed interim financial statements.

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

1

LEGAL STATUS AND OPERATIONS

1.1

Sitara Chemical Industries Limited ("the Company") was incorporated in Pakistan on September 08, 1981 as a public limited company under the Companies Act, 1913 (now the Companies Act, 2017). The Company is currently listed on the Pakistan Stock Exchange. The Company is a Shariah Compliant Company certified by Securities & Exchange Commission of Pakistan (SECP) under Shariah Governance Regulation 2018. The principal activities of the Company are operating Chlor alkali plant, soap noodles plant and yarn spinning unit. The registered office of the Company is situated at 601-602, Business Centre, Mumtaz Hasan Road, Karachi, in the province of Sindh and the manufacturing facilities are located at 28/32 K.M, Faisalabad - Sheikhupura Road, Faisalabad, in the province of Punjab.

The Company is currently organized into two operating divisions and these divisions are the basis on which the Company reports its primary segment information:

Principal business activities are as follows:

Chemical Division

Manufacturing of caustic soda, soap noodles and allied products

Textile Division

Manufacturing of yarn and trading of fabric

1.2

These condensed interim financial statements are presented in Pak Rupee, which is the Company's functional and presentation currency.

2

BASIS OF PREPARATION

2.1

These condensed interim financial statements of the Company have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards applicable in Pakistan for interim financial reporting comprise of:

• International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017;

• Islamic Financial Accounting Standards (IFAS) issued by the Institute of Chartered Accountants of Pakistan (ICAP) under the Companies Act, 2017; and

• Provisions of, directives and notifications issued under the Companies Act, 2017.

Where provisions of, directives and notifications issued under the Companies Act, 2017 (the Act) differ with the requirements of IAS 34, the provisions of, directives and notifications issued under the Act have been followed.

2.2

These condensed interim financial statements should be read in conjunction with annual audited financial statements for the year

ended June 30, 2025. Comparative statement of financial position is extracted from annual audited financial statements for the year ended June 30, 2025, whereas comparative condensed interim statement of profit or loss, condensed interim statement of comprehensive income, condensed interim statement of changes in equity and condensed interim statement of cash flows are

extracted from un-audited condensed interim financial statements for the nine months period ended March 31, 2025.

2.3

These condensed interim financial statements are un-audited. However, a limited scope review has been performed by statutory

auditor of the Company in accordance with Section 237 of Companies Act, 2017 and they have issued their review report thereon.

3

SUMMARY OF MATERIAL ACCOUNTING POLICIES, ACCOUNTING ESTIMATES, JUDGMENTS AND RISK MANAGEMENT

The material accounting policies and methods of computation adopted in preparation of these condensed interim financial statements are the same as those applied in preparation of the annual audited financial statements of the Company for the year ended June 30, 2025.

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 01, 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.

4

CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

The preparation of these condensed interim financial statements requires management to make judgements, estimates and

assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.

In preparation of these condensed interim financial statements, the significant judgements made by management in applying the Company's accounting policies and the key sources of estimation uncertainty were the same as those that applied to financial statements for the year ended June 30, 2025.

Un-audited

Audited

March 31,

June 30,

2026

2025

(Rupees in thousand)

19,433,045

19,178,515

12,303,619

10,534,361

118,540

189,104

31,855,203

29,901,980

5

PROPERTY, PLANT AND EQUIPMENT

Operating assets

Capital work-in-progress

Capital stores

5.1

5.2

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

Un-audited

Audited

March 31,

June 30,

2025

2025

(Rupees in thousand)

19,178,515

19,760,226

36,530

-

83,359

21,601

1,088,711

907,191

95,077

-

20,742

20,616

21,978

39,000

5,314

8,220

1,651

6,338

1,382,355

1,027,593

(21,743)

(88,651)

(1,106,082)

(1,520,653)

19,433,045

19,178,515

5.1

Operating assets

Opening written down value

Additions during the period / year:

Freehold land

Buildings on freehold land - Mill

Plant and machinery

Grid station and electric installations

Factory equipment

Electric equipment

Office equipment

Furniture and fittings

Written down value of assets disposed off during the period / year

Depreciation charged during the period / year

Written down value at the end of the period / year

5.2

Capital work-in-progress

Description

Civil works

Mechanical works

At July 01,

2025

Additions

Transfers

At March 31,

2026

----------------(Rupees in thousand)----------------

1,316,452

59,384

(57,756)

1,318,080

9,217,909

2,707,396

(939,765)

10,985,539

10,534,361

2,766,780

(997,522)

12,303,619

At July 01,

2024

Additions

Transfers

At June 30,

2025

----------------(Rupees in thousand)----------------

631,987

718,520

(34,055)

1,316,452

2,493,964

7,038,077

(314,132)

9,217,909

3,125,951

7,756,597

(348,187)

10,534,361

Civil works

Mechanical works

5.3

The Company had revalued its freehold land, building and plant & machinery at June 30, 2024. The revaluation had been carried out by

Hamid Mukhatar & Company (Private) Limited, an independent valuer not connected to the Company and is on the panel of Pakistan Banks Association as asset valuer. It is also on the panel of State Bank of Pakistan and possesses appropriate qualification and recent experience in the fair value measurements in the relevant locations. The fair value was determined using the comparable price method after performing detailed enquiries and verification from various estate agents, brokers and builders keeping in view the location of the property / project, condition, size, utilization, and other relevant factors.

Out of the total revaluation surplus of Rs. 5,118 million, Rs. 3,530 million net of tax (June 30, 2025: 3,679 million) remains undepreciated as at March 31, 2026.

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

6.1

Buildings

Opening written down value

Depreciation charged during the period / year

Written down value at the end of the period / year

465,294

230,592

359,664

414,276

695,887

773,940

465,294

359,664

419,935

303,915

45,360

55,749

7

OTHER FINANCIAL ASSETS

Investments classified as fair value through other comprehensive income (FVTOCI)

Equity investments

Investments classified as fair value through profit and loss (FVTPL)

Mutual Funds

77,463

86,339

(5,723)

(8,876)

71,740

77,463

7.1

Reconciliation between fair value and cost of investments classified at FVTOCI

Fair value of investments

- in listed equity securities

Gain on remeasurement of investments

Cost of investment

7.2

FAIR VALUE OF FINANCIAL INSTRUMENTS

The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as

follows:

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly

(i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the asset or liability that are not based on observable market data (i.e. unobservable inputs).

The following table presents the fair value hierarchy for financial assets which are carried at fair value:

Un-audited

Audited

March 31, 2026

June 30, 2025

Level 1

Level 2

Level 3

Level 1

Level 2

Level 3

----------------(Rupees in thousand)----------------

Equity instruments at fair value:

Investments - FVTOCI

465,294

-

-

359,664

-

-

Investments - FVTPL

230,592

-

20,039

414,276

-

20,039

Total assets at fair value

695,887

-

20,039

773,940

-

20,039

Un-audited

Audited

March 31,

June 30,

2026

2025

(Rupees in thousand)

2,300,000

2,300,000

6,759,489

6,527,352

9,059,489

8,827,352

(1,422,562)

(805,421)

7,636,927

8,021,931

8

LONG-TERM FINANCING

From banking companies, financial institutions and others - secured

Sukuks (Listed, privately placed, secured and rated)

Diminishing Musharka (from financial institutions - secured )

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

8.1

Subject to the terms and conditions disclosed in note 22 of the audited financial statements for the year ended June 30, 2025, the

Company has availed additional financing from the Bank of Punjab and Soneri Bank Limited amounting of Rs. 29.38 million and Rs.

18.44 million respectively.

Moreover, an additional facility of Rs. 800 million and 262.40 million at the rate of 3M KIBOR plus 1% was secured from National Bank of Pakistan and Bank of Khyber respectively.

9

DEFERRED LIABILITIES

Un-audited

Audited

March 31,

June 30,

2026

2025

(Rupees in thousand)

Gratuity payable

Deferred grant

133,987

107,049

33,105

69,243

167,092

176,292

10

CONTINGENCIES AND COMMITMENTS

10.1

Contingencies

There is no significant change in status of contingencies as disclosed in the annual audited financials statements for the year ended

June 30, 2025.

10.2

Commitments

Outstanding letters of credit for raw material, spare parts, plant and machinery

Guarantees issued by banks on behalf of the Company

11

REVENUE FROM CONTRACTS WITH CUSTOMERS - NET

Local:

Chemicals

Yarn

Fabric

Waste

Others - trading

12

COST OF SALES

Raw material consumed

Fuel and power

Salaries, wages and benefits

Factory overheads

Work-in-process

Opening stock

Closing stock

Cost of goods manufactured

Finished goods

Opening stock

Closing stock

25,069,714

24,501,822

8,768,086

8,397,895

3,418,676

3,849,470

1,109,376

1,060,781

793,326

686,908

576,378

509,718

31,360

22,115

9,464

8,424

-

237,683

-

79,793

29,313,076

29,297,998

10,463,303

10,056,611

182,550

148,523

5,655

35,330

29,495,626

29,446,521

10,468,959

10,091,941

(663,029)

(676,295)

(216,359)

(226,690)

(4,507,783)

(4,522,390)

(1,613,293)

(1,506,205)

(5,170,812)

(5,198,685)

(1,829,651)

(1,732,895)

24,324,814

24,247,836

8,639,307

8,359,046

7,383,928

6,493,710

2,474,225

1,912,002

10,147,172

10,250,730

3,311,064

3,513,792

1,076,278

897,813

378,077

309,953

1,916,660

1,930,838

639,433

647,173

20,524,037

19,573,091

6,802,799

6,382,920

54,651

57,219

50,782

42,576

(58,334)

(46,591)

(58,334)

(46,591)

(3,683)

10,628

(7,552)

(4,015)

20,520,354

19,583,719

6,795,247

6,378,905

1,720,336

2,363,522

2,786,029

2,342,182

(2,635,352)

(1,828,758)

(2,635,352)

(1,828,758)

(915,016)

534,764

150,677

513,424

-

200,933

-

67,128

19,605,337

20,319,416

6,945,923

6,959,457

Un-audited

Un-audited

Nine months period ended

Three months period ended

March 31

March 31

March 31

March 31

2026

2025

2026

2025

(...….…..……………Rupees in thousand )

Export:

Chemicals

Gross Sales

Less:

Commission and discount

Sales tax

13

PROVISION FOR TAXATION

Current - for the period

Deferred

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

14

TRANSACTIONS WITH RELATED PARTIES

The related parties comprise of associated undertakings, other related group companies, directors of the Company, key management personnel and post employment benefit plans. The Company in the normal course of business carries out transactions with its related parties. Details of transactions with related parties for the period are as follows:

Un-audited

Nine months period ended

March 31

March 31

2026

2025

Relationship with the Company

Nature of transactions

(Rupees in thousand)

Associated undertaking

Sale of goods

706

1,587

Donation

48,203

47,776

Loan and advances

14,837

3,168

Key management personnel

Remuneration to executives

244,579

218,863

Payable to Provident fund - related party

Employers contribution

4,599

3,680

Following are the related parties with whom the Company had entered into transactions or have arrangement / agreement in place:

Company name

Basis of association

Relationship with the Company

Sitara Developers (Private) Limited

Common directorship

Associated company

Aziz Fatima Trust Hospital

Common directorship

Associated undertaking

Sitara Chemical Industries Limited -

Employees Provident Fund Trust

Common directorship / trustees

Associated entity

The Company does not hold any shares in the above mentioned companies.

15

DISCLOSURE REQUIREMENT FOR COMPANIES NOT ENGAGED IN SHARIAH NON-PERMISSBILE BUSINESS ACTIVITIES

Following information has been disclosed as required under amended part I clause VII of Fourth Schedule to the Companies Act, 2017 as amended via S.R.O.1278 (I) / 2024 dated August 15, 2024:

Un-audited

Audited

March 31,

June 30,

2026

2025

STATEMENT OF FINANCIAL POSITION

Note

(Rupees in thousand)

Liabilties

Long term Financing as per Islamic mode

8

9,059,489

8,827,352

Short term borrowing as per islamic mode

10,018,021

9,340,377

Profit / Financial Charges Payables on islamic Loans

824,004

1,194,155

Assets

Shariah Compliant Bank Balances

372,077

278,262

Non- shriah Compliant Bank Balances

33,295

32,412

STATEMNET OF PROFIT OR LOSS

Sales - shariah compliant

Finance cost on islamic mode of financing

Finance cost paid on islamic mode of financing

Profit on Deposits

Shariah compliant bank deposits

Conventional bank deposits

Scrap Sales

Shariah compliant

Shariah non-compliant

Rental income

Shariah compliant

Shariah non-compliant

Gain on sale of investments

Shariah compliant

Shariah non-compliant

Dividend Income

Shariah compliant

Shariah non-compliant

24,324,814

1,037,073

1,371,086

17,158

-

17,782

-

54,416

-

4,854

-

33,039

-

24,324,814

1,548,548

1,230,474

18,030

-

19,372

-

42,407

-

9,190

-

50,814

-

20,769,817

998,205

1,991,473

3,554,997

107,877

305,209

24,324,814

1,106,082

2,296,682

………………………………………… Nine months period ended ……………………………………………..

March 31,

March 31,

March 31,

March 31,

March 31,

March 31,

2026

2025

2026

2025

2026

2025

(------------------------------------------- Rupees in thousand )

Revenue from external customers - net

20,224,435

4,023,401

24,247,836

Depreciation on property, plant and equipment

1,019,383

114,172

1,133,555

Segment profit

1,103,149

211,136

1,314,285

Un-audited

Audited

Un-audited

Audited

Total Un-audited

Total Audited

March 31,

June 30,

March 31,

June 30,

March 31,

June 30,

2026

2025

2026

2025

2026

2025

(------------------------------------------- Rupees in thousand )

2,948,582

42,111,144

24,175,873

203,031

4,902,903

451,154

3,151,613

47,014,047

24,627,027

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

16.2

Reconciliations of reportable segments are as follows:

Un-audited

Nine months period ended

March 31,

March 31,

2026

2025

(Rupees in thousand)

Un-audited

Audited

March 31,

June 30,

2026

2025

(Rupees in thousand)

16.3

The Company has no reportable geographical segment.

Revenue

Total revenue for reportable segments

Profit for the period

Total profit for reportable segments

Unallocated other expenses

Profit before tax

24,324,814

24,247,836

1,314,285

(204,244)

1,110,041

2,296,682

(358,248)

1,938,434

Assets

Total assets for reportable segments

Other unallocated corporate assets

Company's assets

47,014,047

44,819,326

2,688,675

47,508,001

24,002,050

4,640,235

28,642,285

2,407,202

49,421,249

24,627,027

4,865,155

29,492,182

Liabilities

Total liabilities for reportable segments

Other unallocated corporate liabilities

Company's liabilities

NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026

Un-audited

Nine months period ended

March 31,

March 31,

2026

2025

(Rupees in thousand)

17

WORKING CAPITAL CHANGES

(Increase) / decrease in current assets

Stores, spare parts and loose tools

Stock-in-trade

Trade debts

Loans and advances

Trade deposits and short-term prepayments

18

DATE OF AUTHORIZATION FOR ISSUE

These condensed interim financial statements have been approved by the Board of Directors of the Company

and authorized for issue on April 28, 2026.

19

GENERAL

Figures have been rounded off to the nearest thousand of Pak Rupees, unless otherwise stated.

(224,885)

(46,413)

16,719

(48,999)

(2,173)

(305,751)

37,776

(267,975)

(428,638)

376,730

(101,591)

(9,876)

(28,410)

(191,785)

Increase in current liabilities

Trade and other payables

135,497

(56,288)