Transmission of Quarterly Report for the Period Ended 30.09.2025

‌Table of Contents

Company Information 01

Directors' Report 02

Condensed Interim Statement of Financial Position 04

Condensed Interim Statement of Profit or Loss 05

Condensed Interim Statement of Comprehensive Income 06

Condensed Interim Statement of Changes in Equity 07

Condensed Interim Statement of Cash Flows 08

Notes to the Financial Statements 09

‌Company Information

Board of Directors

Mr. Muhammad Bin Imran Chairman

Mr. Imran Ghafoor Chief Executive Officer Mrs. Sharmeen Imran Non-Executive Director

Mr. Haroon Ahmed Zuberi Independent Director

Board Human Resource & Remuneration Committee

Mr. Saim Bin Saeed Chairman

Mr. Imran Ghafoor Member

Mrs. Sharmeen Imran Member

Registered Officer

External Auditors RSM-Avais Hyder

Liaqat Nauman Chartered Accountants

Legal Advisor Sahibzada Waqar Arif

Mr. Saim Bin Saeed Independent Director

Mr. Yasir Ahmed Awan Non-Executive Director Mr. Muhammad Iqbal Non-Executive Director

Chief Financial Officer

Mr. Shahid Irshad

Company Secretary

Mr. Mazhar Ali Khan

Head of Internal Audit

Mr. Hafiz M. Tariq

Audit Committee

Mr. Haroon Ahmed Zuberi Chairman

Mr. Saim Bin Saeed Member

Mr. Muhammad Bin Imran Member

Share Registrar

THK Associates (Private) Limited

Plot No. 32-C, Jami Commercial Street 2, DHA, Phase VII, Karachi - 75500, Pakistan.

UAN: (92 21) 111-000-322

Ph: (92 21) 35310183-84

Fax: (92 21) 35310191

601-602, Business Centre, Mumtaz Hassan Road, Off. I. I. Chundrigar Road, Karachi - 74000 Ph : (92 21) 32401373, 32413944

Company Website

https://www.sitaraperoxide.com.pk

Bankers

Al Baraka Bank (Pakistan) Limited Askari Bank Limited

Bank Alfalah Limited Faysal Bank Limited Habib Bank Limited MCB Bank Limited Meezan Bank Limited National Bank Limited Soneri Bank Limited

Standard Chartered Bank (Pakistan) Limited Bank Makramah Limited (BML)

United Bank Limited JS Bank Limited

First Women Bank Limited Bank Al Habib Limited

Habib Metropolitan Bank Limited

Head Office & Project Location 26 - KM Sheikhupura Road, Faisalabad.

Sitara Proxide Limited

01

Ph : (92 41) 2600108, 2600747

‌Directors' Report

The Board of Directors of Sitara Peroxide Limited (the Company) is pleased to present their report together with condensed interim Financial Information for the 1st Quarter ended on September 30, 2025.

Business and Financial Review

The financial results for 1st Quarter of the current financial year as compared with 1st Quarter of the last financial year are as under:

Net sales during 1st Quarter under review is nil due to closure of plant for envisaged BMR while it was also nil during 1st Quarter of the last financial year. The cost of sales during 1st Quarter is nil in view of booking all expenses under administrative expenses of Rs 59,342,505 (including depreciation Rs 44,442,778) as compared with both (i) cost of sales of Rs. 53,828,501 and

(ii) administrative expenses Rs 25,207,760 (including depreciation Rs 45,739,494) during 1st Quarter of the last financial year, resulting into reduction of overall expenses by Rs 19,693,756.

The management of the Company has been successful in reducing loss after tax to Rs. 49,527,315 during 1st Quarter of the current financial year as against loss after tax Rs. 70,754,007 during 1st Quarter of the last financial year. The management of the Company reduced all expenses including finance cost through repayment of loans and application of cost of funds by the banks instead of pricing of loan on basis of Kibor plus spread. Accordingly, loss per share of the Company reduced to Rs 0.90 /per share during 1st Quarter of the current financial year as compared with Rs.1.28/per share during 1st Quarter of the last financial year.

We are pleased to inform that new board of directors has been elected as on 07.01.2026.

The management is vigilant in protecting the interests of all stakeholders, namely, shareholders, dedicated customers, suppliers etc. of the Company and striving hard for early BMR and viable operation. The Board takes this opportunity to thank all stakeholders for their continued support. We also appreciate and acknowledge the continued commitment and hard work of

our employees.

By the order of the Board

Director Chief Executive Officer

January 27, 2026

2026 /v 27

AS AT SEPTEMBER 30, 2025

(Un-audited) (Audited)

September 30, June 30,

2025 2025

Note Rupees Rupees

Total assets 2,739,938,820 2,784,421,496

EQUITY AND LIABILITIES

Non-current liabilities Long term financing Deferred liabilities

Current liabilities

939,528,517 989,055,832

245,084,415 256,959,179

The annexed notes from 1 to 10 form an integral part of these financial statements.

Note

Quarter ended September 30,

2025 2024

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

Revenue from contract with customers - -

(Loss) per share -

Basic and diluted (Rupees) (0.90) (1.28)

The annexed notes from 1 to 10 form an integral part of these financial statements.

Quarter ended September 30,

2025 2024

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

(Loss) for the period (49,527,315) (40,754,007)

Other comprehensive income - -

Total comprehensive (loss) for the period (49,527,315) (40,754,007)

The annexed notes from 1 to 10 form an integral part of these financial statements.

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

The annexed notes from 1 to 10 form an integral part of these financial statements.

Quarter ended September 30,

2025 2024

-------------Rupees '-------------

1. CASH FLOWS FROM OPERATING ACTIVITIES

   (Loss) for the year before levies and income tax	(61,402,079)	(81,453,015)
   Adjustments for :
   Depreciation of property, plant and equipment	44,442,778	45,739,494
   Finance cost	603,244	1,386,754
   Operating cash flows before working capital changes Changes in working capital	(16,356,057)	(34,326,767)

   Decrease / (Increase) in current assets

   Loans and advances 427,235 (753,604) (Decrease) / Increase in current liabilities
   Trade and other payables		21,631,982		10,193,551
   Contract liability		(25,532)		21,020,871
   		22,033,685		30,460,818
   Cash generated from / (used in)	operating activities	5,677,628		(3,865,949)
   Finance cost paid		(289)	(1,740)
   Income tax (paid) / refund received		(181,062)	28,719,666

   Net cash generated from operating activities 5,496,277 24,851,977

2. CASH FLOWS FROM FINANCING ACTIVITIES

   Repayment of long term financing	(6,500,000)		-
   Loan from chief executive officer	1,210,000		-
   Net cash (used in) financing activities	(5,290,000)		-
   Net increase in cash and cash equivalents (a+b)	206,277		24,851,977
   Cash and cash equivalents at the beginning of the period	5,661,397		11,381,255
   Cash and cash equivalents at the end of the period	5,867,674		36,233,232

   The annexed notes from 1 to 10 form an integral part of these financial statements.

   ‌SITARA PEROXIDE LIMITED NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED) FOR THE 1st QUARTER ENDED SEPTEMBER 30, 2025

   1. STATUS AND ACTIVITIES

      1. Sitara Peroxide Limited (the Company) is incorporated in Pakistan as a public limited Company under the Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act 2017 on May 30, 2017) and is listed on Pakistan Stock Exchange. The principal activity of the Company is manufacturing and sale of hydrogen peroxide (H2O2) and Sitara Safe (disinfectant). 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 26 - km Sheikhupura Road, Faisalabad in the province of Punjab.

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

   2. STATEMENT OF COMPLIANCE

      2.1

      -

      -

      -

      2.2

      2.3

      These condensed interim financial statements of the Company for the first quater ended September 30, 2025 have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of :

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

      Provisions of and directives issued under the Companies Act, 2017

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

      These condensed interim financial statements are unaudited but subject to limited scope review by the auditors, as required under section 237 of the Companies Act, 2017 and should be read in conjunction with audited annual financial statements of the Company for the year ended June 30, 2025.

      These condensed interim financial statements do not include all the information required for complete set of financial statements, and should be read in conjunction with the Company's published audited financial statements for the year ended June 30, 2025.

   3. ACCOUNTING POLICIES AND ESTIMATES

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

      Note

      (Un-audited) (Audited)

      September 30, June 30,

      2025 2025

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

   4. Property, plant and equipment

      Operating assets 4.1 2,101,963,342 2,146,406,120

      1. Operating assets

         Book value at beginning of period / year 2,146,406,120 2,368,897,098 Disposals during the period / year - (42,227,475) Depreciation charged during the period / year (44,442,778) (180,263,503)

         2,101,963,342 2,146,406,120

         ‌SITARA PEROXIDE LIMITED NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS (UN-AUDITED) FOR THE 1st QUARTER ENDED SEPTEMBER 30, 2025

   5. Stock in trade

      Raw materials 21,702,674 21,702,674

      Packing material 1,803,900 1,803,900

      Working solution 195,270,130 195,270,130

      Finished goods - -

      218,776,704 218,776,704

   6. Contingencies and commitments

      1. Contingencies

         There is no significant change in contingent liabilities since the date of published audited financial statements for the year ended June 30, 2025.

      2. Commitments

         Guarantees issued by banks on behalf of the Company

         (Un-audited) (Audited)

         September 30, June 30,

         2025 2025

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

         53,538,000 53,538,000

   7. Cost of sales

      (Un-audited) (Un-audited) September 30, September 30,

      2025 2024

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

      Cost of goods manufactured Finished goods	-	53,828,501
      -Opening	-	-
      -Closing	-	-

   8. Aggregate Transactions With Related Parties

      - -

      - 53,828,501

      The related parties comprise of associated companies, directors, key management personnel and post employment benefit plans. The Company did not carried out any significant transactions with various related parties in First Quater period ended 30 September 2025.

   9. DATE OF AUTHORISATION FOR ISSUE

      These condensed interim financial statements were authorised for issue on 27-01-2026 by the Board of Directors of the Company.

   10. GENERAL

10.1

10.2

10.3

Provisions for taxation made in these condensed interim financial statements are subject to adjustment in annual financial statements.

There is no unusual item included in these condensed interim financial statements which is affecting equity, liabilities, assets, (loss), comprehensive income or cash flows of the Company.

Figures have been rounded off to the nearest of Rupees.

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

Ph: 021 32401373, 32413944