Transmission of Quarterly Report for the Period Ended 31 March 2025

Half Yearly Report December 31,

3rd Quarterly Report March 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

S. M. Suhail & Co.

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

Bhagwan Das Advocate High Court

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

Mrs. Fabzia Ahsen - Member

‌The Board of Directors of Supernet Technologies Limited (Formerly Hallmark Company Limited) are pleased to present

the Financial Statements and review of your Company's performance for the period ended 31st March 2025.

During the period, the Board of Directors authorized the Company to formulate and propose the terms for potentially entering into a scheme of arrangement between Supernet Limited ("SNL") and the Company ("Proposed Arrangement"), including initiating discussions with SNL, finalizing the feasibility / valuations in respect thereof.

The Company recorded no gross profit this period due to the absence of revenue, compared to a gross profit of PKR.

35.56 million in the corresponding financial period. However, profit after tax stood at PKR 51.25 million, primarily driven by share of profit derived from its associate company Supernet Limited, compared to a profit of PKR 18.83 million in the same period last year. This resulted in a notable increase in Earnings Per Share (EPS) to PKR 102.52 against an earnings per share of PKR 37.67 for the prior period. The management remains focused on capitalizing on growth opportunities within our core business areas to drive revenue in the upcoming quarters.

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 is filled with hope and determination. As envisaged earlier, the Company is gearing-up to explore multiple avenues in Technology and other Sectors synchronized with the prevailing market demands to establish and reinforce our position as a forward-looking player in the market.

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: April 30, 2025, at Karachi

‌Condensed Interim Statement Of Financial Position As at March 31, 2025‌

ASSETS Note

Non-Current Assets

Property, plant and equipment 5

Intangible assets 6

Long-Term investment 7

Current Assets

Trade Receivables

Due from related parties

Cash and bank balances 9

TOTAL ASSETS

EQUITY AND LIABILITIES

Share Capital And Reserves

Authorized Share Capital

150,000,000 (2024: 150,000,000) Ordinary Shares of

Rs. 10/- each 10

Issued, subscribed and paid-up capital

Revenue Reserves

Accumulated Profit

Non-Current Liabilities

Deferred tax liability

March 31, June 30,

2024 2024

(Un-audited) (Audited)

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

4,280

885

626,402

631,567

29,558

284,052

1,145

314,755

946,322

1,500,000

5,000

30,470

35,470

-

Current Liabilities

Creditors, accrued and other liabilities Due to related party

Unclaimed dividend Provision for taxation

TOTAL EQUITY AND LIABILITIES

Contingencies and commitments 11

The annexed notes from 1 to 16 form an integral part of these financial statements.

2,947

907,866

23

16

910,852

946,322

-

Director

Chief Executive Officer Chief Financial Officer

Condensed Interim Statement of Profit or Loss and Other Comprehensive Income For The Nine Month Ended March 31, 2025 (Un-audited)

Nine Months Ended Quarter Ended March 31, March 31,

2025 2024 2025 2024

Revenue - net

Gross Profit

Administrative expenses Selling expenses

Operating Profit / (Loss)

Other income and (expenses) Bank charges

Profit before levies and taxation

Levies

Profit before taxation

Taxation

Profit after taxation

Note

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

Earnings per share - basic and diluted 12

Rupees

37.67

31.51

The annexed notes from 1 to 16 form an integral part of these financial statements.

Director

Chief Executive Officer Chief Financial Officer

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

18,836

-

18,836

Profit / (Loss) after taxation 15,754

Other comprehensive income -

Total comprehensive income for the period 15,754

The annexed notes from 1 to 16 form an integral part of these financial statements.

Director

Chief Executive Officer Chief Financial Officer

Issued subscribed and paid up capital

Accumulated profit / (loss)

Total Equity

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

The annexed notes from 1 to 16 form an integral part of these financial statements.

Director

Chief Executive Officer Chief Financial Officer

March 31, March 31,

2025 2024

(Un-audited) (Audited)

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

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation

Adjustments for:

Depreciation Amortization

Exchange gain - Recognized

Operating Profit Before Working Capital Changes

Changes in working capital (Increase)/ decrease in current assets: Trade debts

Due from related party Deferred tax asset

Increase / (decrease) in current liabilities:

Trade creditor

Payable to related party Other payable

Total Changes In Working Capital Taxes paid

Net Cash Inflow From Operating Activities

CASH FLOWS FROM INVESTING ACTIVITIES

Long term investment

Net Cash (Outflow) From Investing Activities

CASH FLOWS FROM FINANCING ACTIVITIES

Net Cash Inflow / Outflow From Financing Activities Net increase/ (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of year Cash and cash equivalents at the end of year

The annexed notes from 1 to 16 form an integral part of these financial statements.

Director

Chief Executive Officer Chief Financial Officer

1. STATUS AND NATURE OF BUSINESS

   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, 2017, 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(I)/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 I.T. Enabled services export.

   The company name changed to Supernet Technologies Limited

   On December 12, 2024, members of the Company passed special resolution in Extra Ordinary General Meeting and resolved that name of the Company be changed from 'Hallmark Company Limited' to "Supernet Technlogies Limited" and after complying with all regulatory requirements name of the Company offcially changed w.e.f December 19, 2024.

   1.1

   Geographical location and address of business units - Address

   4th Floor Tower B World Trade Centre, Khayaban-E-Roomi Clifton, Karachi, South.

   Purpose Registered office of the Company.

2. BASIS OF PREPARATION

   1. Statement of Compliance

      These financial statements have been prepared in accordance with the approved accounting and reporting standards as applicable in Pakistan. Those standards comprise of International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017 (the Act) and provisions and directives issued under the Act. Where the provisions and directives issued under the Act differ with the requirement of IFRS standard, the provisions and directives issued under the Companies Act, 2017 have been followed.

   2. Basis of Measurement

      These financial statements have been prepared under historical cost convention and, on an accrual basis of accounting, except for cash flow information reported in statement of cash flows.

   3. Functional and Presentation Currency

      These financial statements are prepared and presented in Pakistani Rupees, which is also the functional currency of the Company.

3. Significant accounting estimates and judgments

   The accounting policies adopted for the preparation of these unconsolidated interim financial statements are the same as applied in the preparation of the preceding annual financial statements of the Company for the year ended June 30, 2024.

4. Material Accounting Policies

The principal accounting policies applied in the preparation of these financial statements are same as set out in the annual financial statements as of June 30, 2024 of the Company. The accounting policies have been consistently applied to all the years presented, unless otherwise stated.

(Un-Audited) (Audited)

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

500,000 (2024: 500,000) Ordinary Shares of Rs. 10/-

5,000 5,000

each fully paid in cash

1. CONTINGENCIES AND COMMITMENTS

   There was no contingency or commitment at March 31, 2025 (June 2024: Nil)

   (Un-Audited) (Un-Audited)

   March 31, March 31, 2025 2024

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

2. Basic Earnings Per Share

   Profit after taxation

   Weighted average number of Ordinary Shares

   Basic earnings per share
   1. Diluted Earnings Per Share

      18,836

      51,258

      500

      102.52

      500

      37.67

      Diluted earnings per share has not been presented as the company did not have any convertible instruments in issue as at the end reporting period.

3. TRANSACTIONS WITH RELATED PARTIES

   The Company's related party relationship is with its parent, subsidiary and associated undertakings, its directors and executive officers. Transactions with related parties essentially entails to commission, management fee, design services, purchases. These transactions are carried at arms length unless otherwise approved by directors. Transactions in nature of payments of services with directors and executives are made as per terms of employment.

   Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Company. The Company considers all members of their management team, including Chief Executive Officer, President and Directors to be its Key Management Personnel.

   Details of related parties except for directors and management personnel are as follows:

   (Un-Audited) (Audited)

   March 31, June 30, 2025 2024

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

   13.1 Details of transactions entered into with related parties are as follows:
   Telecard Limited - Parent Entity
   Payable related to investment in a associate	105,989	-
   Supernet Limited - Associate Company
   Investment made by the Company	-	595,638
   Share of profit	191,851	30,764
   Settlement made during the period	272,822	(275,748)
   Supernet Infrastructure Solutions (Private) Limited - Indirect Associate
   Funds transferred, as per group policy	-	-
   Settlement made during the period	284,052	-
   13.2 Details of outstanding account balances with related parties are as follows:
   Telecard Limited - Parent Entity
   Payable related to investment in Supernet Limited (SNL)	738,107	632,118
   Supernet Limited - Associate Company
   Payable related to SNL	2,926	275,748
   Supernet Infrastructure Solutions (Private) Limited -Indirect Associate
   Receivable during the period	-	284,052
   Payable related to SIS	1,000	-

4. FINANCIAL RISK MANAGEMENT

   The Company's financial risk management objectives and policies are consistent with those disclosed in the financial statements as at and for the year ended June 30, 2024.

5. GENERAL

   Figures in the financial statement have been rounded off to the nearest of a Pak Rupee. Comparative figures have been reclassified wherever necessary for the appropriate presentation.

6. AUTHORISATION FOR ISSUE

‌These financial statements have been approved and authorized for issue by the Board of Directors of the Company in its meeting held on 30 April 2025.‌