Transmission of Half Yearly Report for the Period Ended 31 December 2025

Half Yearly Report December 31,

Half Yearly Report December, 31

Our vision is to be a state-of-the-art supplier of Information Technology (I.T.) I.T. enabled services and allied products in the local and International market and ambitions to be service-oriented and quality products Company, and explore other services for the customers, shareholders and employees.

To achieve this goal, we will be driven by an obsession even if we are better than make ourselves be the best not focusing on the destination but make a continuous onward journey.

Quality services means a sustained, dedicated and commitment to meet and exceed stakeholder expectations. As we will to go the "Mile & Miles" to delight our customers with services and products that exceed their expectations.

‌Our vision is to be a state-of-the-art supplier of Information Technology (I.T.) I.T. enabled services and allied products in the local and international market and ambitions to be service-oriented and quality products Company, and explore other services for the customers, shareholders and employees.

To achieve this goal, we will be driven by an obsession even if we are better than make ourselves be the best not focusing on the destination but make a continuous onward journey.

Quality services mean a sustained, dedicated and commitment to meet and exceed stakeholder expectations. As we will to go the "Mile & Miles" to delight our customers with services and products that exceed their expectations.

The Company's aims to become one of the leading I.T. related services and I.T products in the market for clients through commitment to providing products and services that best suits need of our customers. We will manage our affairs through modern technology, collective wisdom and institutionalized leadership and as result achieves zero defects in everything we do.

We aimed doing good business, with good clients with high integrity. We will not compromise on our principles and we would like to be known as a responsible corporate citizen, aware of our obligation to the Government, religion, and the society we serve at our best.

The Company's aims to become one of the leading I.T. related services and I.T products in the market for clients through commitment to providing products and services that best suits need of our customers. We will manage our affairs through modern technology, collective wisdom and institutionalized leadership and as result achieves zero defects in everything we do.

We aimed doing good business, with good clients with high integrity. We will not compromise on our principles and we would like to be known as a responsible corporate citizen, aware of our obligation to the Government, religion, and the society we serve at our best.

Syed Aamir Hussain

F.D. Registrar Services (PVT) Ltd 17th Floor, Saima Trade Tower-A, I.I. Chundrigar Road Karachi-74000.

Mr. Asad Mujtaba Naqvi Mrs. Fabzia Ahsen

Parker Russell - A.J.S Chartered Accountants

Mr. Jamal Nasir Khan Syed Imran Haider Jaffery Ms. Naueen Ahmed

Mr. Waseem Ahmad

4th Floor, World Trade Center, 10-Khayaban-e-Roomi, Clifton, Karachi

Pakistan

Phone: (+92-21) 38330000 | (+92-21) 38553750

Email: companysecretary@supernet-technologies.com

Mr. Subhan Ali Bhatti

Website

https://www.supernet-technologies.com

Mr. Muhammad Farhan Saeed

Mr. Asad Mujtaba Naqvi - Chairman Syed Aamir Hussain - Member

Mr. Jamal Nasir Khan - Member

Bank

Habib Metropolitan Bank Limited Al - Baraka Bank (Pakistan) Limited Meezan Bank Limited

Legal Advisor

Zaheer & Zaheer Advocates

Mr. Asad Mujtaba Naqvi - Chairman Mr. Waseem Ahmad - Member

Mrs. Fabzia Ahsen - Member

‌The Board of Directors of Supernet Technologies Limited are pleased to present the Financial Statements and review of

your Company's performance for the period ended 31 December 2025.

We are pleased to announce that the Honourable High Court of Sindh at Karachi has allowed the merger petition, and sanctioned the Scheme of Arrangement dated 27 May 2025, vide order dated February 24, 2026, passed in petition bearing J. C. M. No. 24 of 2025. Consequently, Supernet Limited has merged with and into Supernet Technologies Limited. This scheme enabled transformation has consolidated and amalgamated all assets, liabilities and obligations of Supernet Limited with and into Supernet Technologies Limited.

The management remains focused on completing the post-merger formalities, that will allow the combined operations of Supernet Limited and Supernet Technologies Limited into a single, main-board listed entity on the Pakistan Stock Exchange (PSX) i.e. Supernet Technologies Limited with a trading symbol of 'STL'. The completion of post-merger formalities will ensure streamlining group operations, enhance efficiency, and consolidate revenue generation under STL. This is a big milestone that has been achieved and will help in laying a strong foundation for the unified STL as we move forward under the Supernet Global brand.

The Company has reported a top-line revenue of PKR. 0.99 million as opposed to nil revenue. The Gross Profit (G.P) stood at PKR. 0.43 million as against nil G.P during the corresponding financial period attributable to enhanced top line revenue. Further, a decrease in administrative and distribution cost was also reported. The share of profit from associate company i.e. Supernet Limited ("SNL") under the equity basis accounting stood at PKR. 119.62 million as opposed to PKR. 132.97 million. The profit after tax amounted to PKR 70.59 million as against PKR 29.29 million in the same period last year. Consequently, the Earnings Per Share (EPS) increased to PKR 141.20 from PKR 58.58 reported in the corresponding period.

The Chief Executive Officer, Company Secretary, and Chief Financial Officer have voluntarily opted to forgo any remuneration from the Company. This decision has allowed the Company to save significant costs, contributing to the overall financial improvement reflected in the substantial turnaround.

Looking ahead, our future outlook remains focused on growth, integration, and innovation. The ongoing merger with Supernet Limited is expected to create operational synergies, strengthen the Company's financial base, and enhance long-term shareholder value. Supernet Group is also expanding into alternative energy solutions, in line with government priorities on green energy and reliable digital infrastructure.

We feel that we are at an exciting juncture of our growth and are confident that concerted efforts by all stakeholders will yield positive results in months to come. We would, at this point-in-time, like to thank our shareholders for their support and our management team and employees at all levels for their steadfast loyalty, professionalism and service.

On behalf of the Board

Dated: February 27, 2026, at Karachi

Parker Russell-A. J. S.

CHARTERED ACCOUNTANTS

901, Q. M. House,

Elander Road, Karachi - Pakistan. Tel: + 92-2 -32621701-03

E-mail: khi@parkerrussellajs.com.pk

Offices also at Faisalabad, Lahore & Islamabad

Independent Auditors' Review Report to the Members of Supernet Technologies Limited Report on Review of Condensed Interim Financial Statements

Introduction

We have reviewed the accompanying condensed interim statement of financial position of Supernet Technologies Limited (the "Company") as at December 31, 2025 and the related condensed interim statement of profit or loss, the condensed interim statement of comprehensive income, the condensed interim statement of changes in equity, and the condensed interim statement of cash flows and notes to the condensed interim financial statements for the half year then ended (here-in-after referred to as the "condensed interim financial statements"). Management is responsible for the preparation and presentation of these condensed interim financial statements in accordance with accounting and reporting standards as applicable in Pakistan for interim financial reporting. Our responsibility is to express a conclusion on these condensed interim financial statements based on our review.

Scope ofReview

We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial lnforniation Performed by the Independent Auditor of the Entity". A review of condensed interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

COncIusiOn

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial statements are not prepared, in all material respects, in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting.

Other Matter

Pursuant to the requirement of Section 237(1)(b) of the Companies Act, 2017, only cumulative figures for the half year, presented in the second quarter accounts are subject to a limited scope review by the statutory auditors of the Company. Accordingly, the figures of the condensed interim statement of profit or loss and the condensed interim statement of comprehensive income for the quarters ended December 31, 2025 and December 31, 2024 have not been reviewed by us.

The financial statements of the Company for the year ended June 30, 2025 and half year ended December 31, 2024, were audited and reviewed by another firm of Charted Accountants who expressed an unmodified opinion

/ conclusion on those statements vide their reports dated October 06,2025 and February 28, 2025 respectively.

The engagement partner on the review resulting in this independent auditor's report is Mr. Muhammad Shabbir Kasbati.

(Chartered Accountants) Date: March 03, 2026 Karachi.

UDIN: RR202510 1921HYF8awyx

in lnbepenbent member ofO Parker Russell International

Supernet Technologies Limited

Comlensed Interim Statement of Financial Position As at December 31, 2025

Assets

Non-current assets

(Un-audited) (Audited)

December, 31 June, 30

2025 2025

Note -----------Rupeesin '000'-----------

The annexed notes from 1 to 25 form an integral part of these condensed interim financial statements.

Chief Executive Officer Chief Financial Officer

‌Supernet Technologies Limited

Condensed Interim Statement of Profit or Loss (Un-audited) For the half year ended December 31, 2025

Half yeal ended Quarter ended

-- -----December, 31----------- ----------December, 31-----------

2025 2024 2025 2024

Note ----------------------Rupees in '000'----------------------

Revenue - net

16

(568) (568)

the equity basis of accounting 8 119,624 132,970 37,395 68,284

Operating profit / (loss)

70,617 29,295 25,009

6,595

Bank charges (7) (5) (5) (3)

Profit / (loss) before taxation

70,610 29,290 25,004

6,592

Taxation

Profit / (loss) after taxation

Earning / (loss) per share -

(l 1) - (11)

0.599 290 4.993 592

Rupees

basic and diluted 58_58 13.18 The annexed notes from I to 25 form an inteeral nart of these condensed interim financial statements.

Chief Executive Officer Chief Financial Officer

‌Supernet Technologies Limited

Condensed Interim Statement of Comprehensive Income (Un-audited)

For the haIf year ended December 31, 2025

Half year ended Quarter ended

----------December, 31----------- ----------December, 31-----------

2025 2024 2025 2024

-----------------Rupees in '000'-----------------

Profit / (loss) after taxation Other comprehensive income

70,599 29,290 24,993

6,592

Total comprehensive income /

(loss) for the period

70,599 29,290 24,993

6,592

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

Chief Executive Officer Chief Financial Officer

I

Supernet Technologies Limited

Condensed Interim Statement of Changes in Equity

For the half year ended December 31, 2025

---- -----Rupees in '000'------------

Balance as at December 31, 2025 (Un-audited) 5,000 147,516 152,516

The annexed notes from 1 to 25 form an integral part of these condensed interim financial statements.

Chief Executive Officer Chief Financial Officer

Supernet Technologies Limited

Condensed Interim Statement of Cash Flows (Un-audited)

For the half year ended December 31, 2025

December, 31 December, 31

2025 2024

Note ------------Rupees in '000'------------

Payable to related party 1,802 (202,663)

Changes in working capital

120,559

131,969

Taxes paid (16)

Net cash generated from operating activities Cash flows from investing activities

120,559

131,953

Long term investment (119,624) (132,970)

Net cash used in investing activities Cash flows from financing activities

(119,624)

(132,970)

The annexed notes from 1 to 25 form an integral pan of these condensed interim financial statements.

Chief Executive Officer Chief Financial Officer

Supernet Technologies Limited

Notes t‹› the Con‹lensed I iiteriin Financial Statement (Un-suclited) For the half year ended December 31, 2025

1. STATUS AND NA"runc or uuslNESS

   
   
   

   The Supernet Technologies Limited (STL) (formerly Hallmark Company Limited (HCL)) was incorporated as a Public Limited Company on 31 October, 1981 under the repealed Companies Act, 1913, now the Companies Act, 20.17, and subsequently obtained registration under the repealed Insurance Act, 1938, (now the Insurance Ordinance, 2000) as an insurer. Subsequently, on application from the Company, the insurance license of the Company got revoked from the SECP Insurance Division, vide the S.R.O. 1079(1)/2016 dated 22 November, 2016. Consequently, the principal activity was changed, and the Company engaged in trading of computer and allied I.T. equipment. Currently the Company is mainly engaged in LT. enabled services.

   
   
   

   On December 12, 2024, members of the Company passed special resolution in extra ordinary genei al meeting and resolved that name of the Company be changed from 'Hallmark Company Limited' to "Supernet Technologies Limited" and after complying with all regulatory requirements name of the Company officially changed with effect from December 19, 2024.

   The registered office of the Coiiipany is situated at 4tli floor, Tower B, World Trade Centre, Khayaban-e-Roomi Clifton, Karachi.

2. BASIS OF PREPARATION

   
   
   

   1. Statement of compliance

      These condensed interim financial statements of the Company for the half year ended December 31, 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 1°akistan for intci'iiii financial reporting conipi ises of:

      
      
      

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

      P!'Ovision of and dil'ectives issued under the Companies Act, 20.17.

      
      
      

      Vhere the provisions of and directives issued under the Companies Act, 20.17 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 do not include all the information and disclosures i'equired in the annual audited financial statements, and should be read in con junction with the Company's annual audited financial statements for the year ended June 30, 2025.

      
      
      

      These condensed interim financial statements are un-audited and are being submitted to the shareholders as required under section 237 of the Companies Act, 2017 and the Listing Regulation of Pakistan Stock Exchange Limited.

   2. Functional and presentation currency

      
      
      

      These condensed interim financial statements are prepared and presented in Pakistani Rupees, which is also the Companie's functional and presentation currency.

      
      
      

3. SURIiYIARY OF MATERIAL ACCOUNTING POLICIES

   
   
   

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

4. Cliange in accounting standards, interpretations and amendments to published accounting and

   reporting standards

   1. Amendments to published accounting and reporting standards which became effective during the

      period:

      
      
      

      There were certain amendments to accounting and reporting standards which became mandatory for the Company during the period. However, the amendments did not have any significant impact on the financial reporting of the Company and, therefore, have not been disclosed in these condensed interim financial statements.

   2. Amendments to published accounting and reporting standards that are not yet effective:

   
   
   

   I tier e ui e certain amendments to the accounting and reporting standards that will be lnandatory 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 condensed interim financial statements.

5. ACCOUNTING ESTIMATES AND JUDGEMENTS

The preparation of condensed interim financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts. Actual results may differ from these judgements, estimates and assumptions.

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

These condensed interim financial statement are un-audited but subject to limited review by the Company's statutory auditors.

PROPERTY, PLANT AND EQUIPMENT

6.1 Operating fixed assets Opening net book value

Depreciation charged during the period / year Closing net book value

(Un-audited) (Audited) December, 31 June, 30

2025 2025

----- ---Rupees in '000'---------

2,920 4,280

(596) (1,360)

2,324 2,920

1. INTANGIBLE ASSETS

   Cost

   Balance at beginning of the period / year

   Amortization

   (Un-audited) (Audited) December, 31 June, 30

   2025 2025

   ------Rupeesin'000-----

   1,800 1,800

   Balance at beginning of the period / year	1,095	915
   Charge for the period / year	90	180
   Balance as at the end	1,185	1,095
   Carrying value	615	705

   
   
   

   1. This is being amortised over 10 years period on straight line basis and being charged to administration expense.

      
      
      

2. LONG-TERM INVESTMENT

(Un-audited) (Audited) December, 31 June, 30

2025 2025

Note ----------Rupees in '000'---------

In Associate - at cost

Share ofprofit from Associate

1. |

   8.2

   867,767 626,402

   119,624 241,365

   987,391 867.767

   1. lnvestment in Supernet Limited (SNL) (listed on GEM Board) represents 62,956,672 fully paid ordinary shares of Rs. 13.06/- each (Rs. 10/- is the par value), representing 51% of Supernet Limited's paid up share eiipital as at Deceiiiber 31, 2025. The above was acquired as a single tranche under the Share Purchase Agreement (SPA) form Telecard Limited, the Holding Company.

      
      
      

      The reg•istered office of the Associate is at World Trade Centre, 9th Floor, Tower B, Block-5, Clifton, Karachi while its regional office is located at 2nd Floor, Block 2, Awami Complex, New Garden Town, Lahore.

      
      
      

      The principal activity of the Associate is to provide satellite and microwave communication services e.g. internet, radio links, single channel per carrier (SCPC), time division multiple access (TDMA), etc., and sell and installation of related equipment and accessories. The associate has also been licensed to sell photovoltaic equipment and is also registered with the Ministry of Energy (Power Division) Alternate Energy Development Board (AEDB).

   2. The Company recognize it's share in Associate Company's profit or loss for the period in its own income statement as per IAS-28 , on the basis of it's percentage ownership in the Associate Company.

      
      
      

      (Un-audited) (Audited) December, 31 June, 30

      2025 2025

      ---------Rupees in '000'---------

2. TRADE AND OTHER RECEIVABLES

   
   
   

   Trade and other receivables

3. BANK BALANCES

   In current accounts

   Local currency

   338

   
   
   

   152 217

   
   
   
   
   

4. SHARE CAPITAL AND RESERVES

(Un-audited) (Audited) December, 31 June, 30

2025 2025

Note ----------Rupees in '000'---------

I I.1

AUTHORISED SHARE CAPITAL

150,000,000 (June 30, 2025: 150,000,000) ordinary shares of Rs. 10/- each

I

1. PROVISION FOR TAXATION

   Current tax

2. CONTINGENCIES AND COMMITMENTS

   (Un-audited) (Audited) December, 31 June, 30

   2025 2025

   -------Rupees in '000'---------

   11 -

   
   
   

   There has been no significant change in the status of contingencies and commitments as reported in the annual financial statements for the year ended June 30, 2025.

   Half year ended Quarter ended

   December 31, December 31,

   
   
   

   (Un-audited) (Un-audited) 2025 2024 2025 2024

   
   
   

   ------------Rupees in '000'------------

3. REVENUE

   
   
   

   Rendering of services

   998 -

   
   
   
   
   
   
   

4. OTHER INCOME AND (EXPENSES)

   Half year ended Quarter ended December 31, December 31,

   (Un-audited) (Un-audited) 2025 2024 2025 2024

   - -----Rupees in '000'------------

   Other expenses Unwinding interest Bank profit

   (703)

   (34,278) (70,659)

   - 5

   43

   (35,330)

   ( )

   
   
   

   (34,278) (71,357)

5. BASIC AND DILUTED EARNINGS PER SHARE

   37 (35,330)

   Earnings per share has been computed by dividing profit after taxation by the weighted average number

   of ordinary shares outstanding during the period.

   
   
   

   Half year ended December 31, (Un-audited)

   Quarter ended December 31, (Un-audited)

   	2025 2024	2025	2024
   	Profit after taxation (Rs. '000') 70 599 _ 29 290	24,993_	6,592
   	Weighted average number of ordinary shares (in thousands) 500 500	500	500
   	Basic earnings per share 141.20 58.58	49.99	13.18
   18.1	Weighted average number of ordinary shares
   	Outstanding number of shares 500 500	500	500

   
   
   
   
   

   18.2 There is no dilutive effect on the basic earnings per share as the Company has no potential convertiable ordinary shares in issue as at the end of the reporting period.

6. SHARIAH COMPLIANCE STATUS DISCLOSURE

   (h8-audited)	(Audited)	(Ibn-audited)	(Audited)
   December 3l,	June 30,	December 3l,	June 30,
   202J - --------------------	207J - ( Rupee	202S s in '000') -------------	202J -------------------

   #3fiâlJ-C0ITI§li8flt 0MYCI1(i0I1al

   
   
   

   ffi t0iTlIN I OF fft8flC(3l $0Si(i0fl

   Asset side

   
   
   
   
   

   Liability side

   Note

   10

   
   
   

   217

   19,

   Dee to related party 13

   Rclationship with shariah compliant Banhs

   829,442 793,302

   
   
   
   
   

   The Company maintains its bank balance with Al Baraka Bank (Pakistan) Limited, Meezan Bank Limited and Habib Metropolitan Bank, which also act as the custodian of the Company.

   
   
   

7. TRANSACTIONS WITH RELATED PARTIES

   
   
   

   Related parties include subsidiaries, associated entities, directors, other key management personnel and close family members of directors and other key management personnel. Details of the transactions with related parties during the period under review, other than those which have been disclosed elsewhel e in these condensed interim financial statement, are as follows:

   
   
   

   Nature of transactions

   Investment in a Associate

   Share of profit Borrowings

   
   
   

   Due to related party

   Due to related party

   (Un-audited) (Un-audited) December, 31 December, 31

   2025 2024

   --- -----Rupees in '000'---------

   Name and Relationship with the Company

   Telecard Limited

   (Ultimate Holding Company) 4 7 5 329

   Supernet Limited 19 24 2 970 (Associate Company) 1,802

   Telecard Limited

   (Ultimate Holding Company) 22 214 8 936

   Supernet Limited

   (Associate Company)

8. FINANCIAL RISK MANAGEMENT

   228 426

   
   
   

   There has been no changes in the risk management policies during the period, consequently these condensed interim financial statements do not include all the financial risk management information and disclosures required in the annual financial statements.

9. CORRESPONDING FIGURES

   
   
   

   Corresponding figures and balances have been rearranged and / or reclassified, where considered necessary, for the purpose of comparison and better presentation, however no material reclassifications were made during the period.

10. NON-ADJUSTING EVENT AFTER THE STATEMENT OF FINANCIAL POSITION DATE

    
    
    

    The Honourable High Court of Sindh has allowed the petition and sanctioned the Scheme pertaining to the merger of Supernet Technologies Limited and its group company i.e. Supernet Limited involving the merger of Supernet Limited with and into the Company vide order dated February 24, 2026, passed in petition bearing J. C. M. No. 24 of 2025. Consequently, the Scheme is deemed to be effective from the effective date i.e. January 01, 2025. This transformation, enabled by the Scheme, has consolidated and amalgamated all assets, liabilities and obligations of Supernet Limited with and in to the Company.

11. GENERAL

    
    
    

    Figures have been rounded off to the nearest rupees, unless otherwise stated.

12. AUTHORISATION FOR ISSUE

These condensed interim financial statements has been ap oved and authorized for issue by the Board ofDirectors of the Company in its meeting held on 2

Chief Executive Officer Chief Financial Officer