Pakgen Power : FINANCIAL RESULTS FOR THE 3RD QUARTER ENDED DEPTEMBER 30, 2025

PAKGEN POWER LIMITED

N 1 8 H A T

PKGP/PSX/ lfi3

The General Manager Pakistan Stock Exchange Ltd Stock Exchange Building

Stock Exchange Road, Karachi.

Sub: Financial Results for the 3r' Quarter ended September 30, 2025

Dear Sir,

October 24, 2025

PUCARS / TCS

We have to inform you that the Board of Directors of Pakgen Power Limited in their meeting held on Friday the 24"' of October 2025, at 11:00 a.m. at l-B, Aziz Avenue, Canal Bank, Gulberg V, Lahore, recommended the following: -

1. Cash Dividend

2. Bonus Shares

3. Right Shares
4. Any Other kntitlement

5. Any Other Price-Sensitive Information

Nil Nil Nil Nil Nil

Following Audited Financial Statements of the Company for the 3rQuarter ended September 30, 2025, are attached as "Annexure":

Statement of Financial Position; Statement of Profit or Loss; Statement of Changes in Equity; and Statement of Cash Flows

The Quarterly Financial Statements for the 3'dQuarter ended $cptember 30, 2025 (3'dQuarterly Report) of the Company shall be transmitted through PUCARS within the specified time.

Thanking you, Yours truly,

KHALID MAH OOD OHAN COMPANY SECRETAR •

Copy to: -

The Director / HOD,

Surveillance, Supervision and Fnforcement Department, Securities & Exchange Commission of Pakistan,

NIC Building, 63 Jinnah Avenue, Blue Area,

ISLAMABAD. Fax No. [phone]/TCS

flp DFf•')fld : i.8, Aziz #v£xu£, cxxnr flaxx, GULBERG V, LAfIORE. TEL:[phone]J7090-96,357J7J59-63, FAX: 92-4Z-357J7239. WEBSITE: https://www.pahgenpower.com. E-MAIL:pakgenGlalpir.com

REGISTERED 0FfICE ' ¥ISHAT HOUSE, 53IA, LAWRAUCE ROAD, LAH0R£. TEL: 11-J3-333 FAX: [phone]J4

@ /@ fit/ /]@ fit ' LALPlg THERMAL P0wER STATI0IIS, P.& BOX CIO. 89, MUZAffAgGARlt. PC-342gg, PAKISTAB. TEL: [phone], FAX: t2-66-2300260, WMñl.gakggTgI4âfgF.@\

PAKGEN POWER LIgIYED

CONDENSED INTERIM STATEMEIgT OF FINANCIAL POSITION (UN-AUDITED) AS AT 30 SEPTENBER 2025

EQUITY AND LIABLITIES

SHARE CAPITAL AI4D RESERVES

' Authorized share capital

4@.,000,000 (J1 December 2024: 400,0tXI,000)

ordinary shares of Rupees 10 each

Issued, subscribed and paid-up share capital 372,081,591 (31 December 2024:372,081,591)

ordinary shares of Rupees 10 each Capital reserve

Revenue reserve - un apprapriated profit Total equ'fty

LIABILITIES

Ua udlted Audited 30 Saptemher 31 December

Note 2025 2024 "

(Rupees in thousand)

4 800,000 4,000,000

3,720,816 3,720,816

116,959

21,834,0@ 22,757,378

25,554,896 26,595,153

ASSETS

NON-CURRENT ASSETb"

Fixed assets

Long term investment Long4em bans to empDyees Long Tern security deposit Employee benefit - gratuity

CUftRENT ASSETS

Un-audited Augi@g 30 Sej›tember $1 gecernt›er

Note z025 . 20s4

(RM}tees In usand)

2,230,252 . 2,998,120

3,@1 :,' 18,982

3£0"" 1,774.

14,721 19,822

27 ,I 3,038.698

' :

!/'

kON - CURRENT LIABILITIES

CURRENT LIABILITIES

Trade and other payables Accrued mark-up / profi' Taxation and levy - net Unclaimed.dividend

Total liabilities

CONTI¥GENCIESAMDCON|UNTNENTS

Stores, spare parts and other o3risumables Fuel stock

Trade debts

Loans, advances and shaft-tern prepayments Oder receivables

Aozved interest Short tern investment

Cash and bank balances

t4.@@

I 0,004

23,650,959 :!! 24,310,888

TOTAL EQUITY AND LIABILITIES

25,899,313 27,349,586 "

TOTAL ASSETS

The annexed noles fom an integrd part of these condenser interim fnancial staements.

DIRECTOR

PAKGEN POWER LIMITED

CONDEI¥SED INTERIM STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME (UN-AUDITED) FOR THE THREE BONTH ARD NINE IYIONTH PERIOD ENDED 30 SEPTEMBER 2025

Nine Nonth Ended Quarter Ended 30 September 30 September 30 September 30 September

Note 2025 2024 2025 2024

(Rupees in thousand) (Rupees in thousand)

REVENUE FROM CONTRACT WITH CUSTOMER 925,405 10.806,198 2,832,175

GROSS PROFIT		395,471	5,663,523		1,913,191
PLANT MAINTENANCE AND PRESERVATIONS COST	7	(1,649,333)		(400,039)
ADMINISTRATIVE EXPENSES		(220,991)	(276,744)	(48,462)	(111,062)
OTHEREXPENSES		(3,904)	(4,474)		(1,923)
07' -R INCOME	1,547,293 1,148,761 696,749 529,617
PROFIT FROM OPERATIONS	68,535 6,531,066 248,247 2,329,823
FINANGEGOST	(2'80) 27493) (44) (4,598)
PROMTBEFORELEVYANDTAXAT|ON		6B,255	6,503.573	248,203	2,325,225
LEW		(53,013)	(193,765)	(18,083)	(110,415)
PROFIT BEFORE TAXATION		15,242	6,309,808	230,120	2,214,810
TAXATION (311,335) (111,962) (114;090) (17,278)
(LOSS)/ PROFIT AFTER TAXATION		(296,093)	6,197,846	116,030	2,197,532
OTHER COMPREHENSIVE INCOME:
ITEMS THAT WILL NOT BE REGLASSIFIED TO PROFIT
OR LOSS
ITEMS THAT MAY BE RECLASSIFIED SUBSEQUENTLY
TO PROFIT OR LOSS
TOTAL COMPREHENSIVE (LOSS)/ INCOME FOR THE PERIOD		(296,993)	6y197,846	116,030	2,197,532
(LOSS)/ EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES)		(0 80	16.66	0.31	5.91

COST OF SALES 6 (529,934) (5,142,675) (918,984)

"

DIRECTOR

EF FINANCIAL OFFICER

The annexed notes form an integral part of these condensed interim financial statements.

CHIEF EXECUTVE

PAKGEN POWER LIMITED

CONDENSER INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE NINE I OKTH PERIOD ENDED 30 SEPTEIgBER 2025

	RESERVES
	Capital	Revenue
	Retained payments reserve	Un• a DFO Flated profit

Balanoe as at 31 December 2023•audited Transaction wit o¥/ners:

Firstinterim dividend for the year ended 31 December 2024 @ Rupees 2per share

Sm›nd interim dividend for the year ended 31 December 2024 @ Rupees 3 per share

Profit for the period ended 30 September 2024

Other camprehensive income for the period ended 30 September 2024

Total comprehensive income for lhe period ended 30 September 2024

Balance as at 30 September 2024 - un-audited

Balance as at 31 December 2024 - audited Transaction with owners:

First interim dividend for the qurater ended 31 March 2025 @ Rupees 2per share

Transfer of'retained payments reserve'to 'un-appropriated profit'

(- • -•-- - -• -•-••••Rupsss In thousand -••-- -• - -•••••) 3,720,816 116,959 20,849,904 24 87.676

J,116,24fi t,

(1,860,4@) ,860,408)

6,197,846 6,197,846

6,197,846 6,197,846

3,720,8'I6 116,«O09 25,'87,3g2 29,025,1JT

3,720,816 116,959 22,757,378 26,595,153

(744,163) (744,163)

(116,959) 116,959

Loss for the period ended 30 September 2025 Other oomprehensiva income for the:peri0d ended 30			(2R6,094)	(296,094)
September 2025
Totaj comprehensive (loss) / itxome for the perlod ended 30 September 2025		(296,094)		(296,094}
Balance az at 30 Septetnher 2025• un-audited		- 21,s34,080		25,554,896
The ann0xe5 notes lorm mintegral part of theS4 condensed interim financial statement.

DIREGTOR

--

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HREF FINANCIAL OFFICER

CHIEF EXECUTIVE

PAKGEN POWER LIMITED

CONDENSED INTERIM STATEMEI¥T OF CASH FLOWS (UN-AUDITED) FOR THE NINE MONTH I?ERI00 ENDED 30 SEPTEMBER 2g25

Nine gonth Ended

Note			30 September 2025	30 September 2024
	CASH FLO¥YS FROM OPERATING ACTIVI7IES		(Rupees in		thousand)
	Cash generated from operations	8	16,296,869		3,904,070
	Finance cost paid		(10,782)	(35,071)
	Net decrease in long term security deposlb		1,474
	Net decrease /(increase) in long term loans to employees		15,901	(14.923)
	Income tax paid		(282,050)	(1d3,282}
	Net cash generated from operating activities		16,021,412		3,750,793
-'	CASH FLOWS FROH INVESTING ACTIVITIES
	Capital expenditure on fixed assets			(38,691)
	Interest received		26,057	646,131
	Proceeds from disposal of operating fixed assets		2,109
	Net cash generated from investing activities		28,167		607,440
	CASH FLOWS FROM FINANCING ACTIVITIES
	Dividend paid		(737,843)		{1,843,357)
	Net cash used in financing activities		(737,843)		(1,843,537}
	Net increase in cash and cash equivalents		15,311,736		2,514,897
	Cash and cash equivalents at beginning of the pedod		6,726,329		5,t08,331
	Cash and cash equivalents at end of the period		22,038,065		7,623,228
*-*	CASH AND CASH EQUIVALEHTS
	Cash in hand		9g7		246
	Cash at banks		13,111		2,049,d60
	Short term investment		22,023,967		7,282,177
	Short-term borrowings				(1,708,255)
			2/038.065		7,623,228

DIRECTOR

CHIEF FINANCIAL OFFICER

The annexed noles form an integral part of these condensed interim financial statements.

CHIEF EXECUTIVE