Pakgen Power : Financial Results for the 1st Quarter ended March 31, 2025 (Un-audited)

PAKGEN POWER LIMITED

N I S II A T

PKGP/PSX/ i*6 April 29, 2025

The General Manager Pakistan Stock Exchange Ltd Stock Exchange Building

Stock Exchange Road, Karachi. PUCARS / TCS

Sub: Financial Results for the 1" Quarter ended March 31, 2025 (Un-audited) Dear Sir,

We have to inform you that the Board of Directors of Pakgen Power Limited in their meeting held on Tuesday the 29t" of April, 2025, at 11:00 a.m. at l-B, Aziz Avenue, Canal Bank, Gulberg V, Lahore, recommended the following: -

1. Cash Dividend Interim cash dividend @ 20% [i.e. Rs. 2/-(Rupees Two Only)] per share for the year ending December 31, 2025.
2. Bonus Shares Nil
3. RightShares Nil
4. Any Other Entitlement Nil
5. Any Other Price-Sensitive Information Nil

Following Un-audited Condensed Interim Financial Statements of the Company for the 1stQuarter ended March 31, 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 recommended entitlement will be paid to the shareholders whose names will appear in the Register of Members at the close of business on May 09, 2025.

BOOK CLOSURE NOTICE FOR ENTITLEMENT OF 20% INTERIM CASH DIVIDEND

The Ordinary Shares Transfer Books of the Company will remain closed from 10-05-2025 to 12-05-2025 (both days inclusive) for entitlement of 20% Interirii Cash Dividend [i.e. Rs. 2/- (Rupees Two Only) Per Ordinary Share] for the year ending December 31, 2025. Physical transfers/ CDS Transactions IDs received in order in all respect up to 1:00 p.m. on 09-05-2025 at CDC Share Registrar Services Limited, CDC House, 99-B, Block 'B', S.M.C.H.S., Main Shahrah-e-Faisal, Karachi, will be considered in time for entitlement of above said 20% Interim Cash Dividend.

Contd.P/2 HEAD OFFICE REGISTERED OFFICE P0I/FERSTATIONS

. 1-B, AZBAVENUE, CAkAL BANK, GULBERG V, LAHORE. TEL: [phone], M717159•63, FAX: 92•42-35717239 Website: https://www.pakgsnpower.com E•NAIL: [e-mail]

: NISHA7 HOUSE, 53IA, LAWRENCE ROAD, LAHORETEL: 111•t13•M3 FAX: [phone]

: LALPIR THERMAL POWER STATIONS, P.O. BOX NO. 09, NUZAFFARGARH. PC-34200, PAKISTAN. TEL: +92-66•2300030 FAX: +92-6&2300260 https://www.pakenpower.com

PAKGEN POWER LIMITED

N I S H A T

( 2)

The Quarterly Un-audited Condensed Interim Financial Statements for the 1stQuarter ended March 31, 2025 (1stQuarter Report) of the Company shall be transmitted through PUCARS within the specified time.

Thanking you, Yours truly,

KHALID MAH OODICH HAN COMPANY SE RET

Copy to: -

The Director / HOD,

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

NIC Building, 63 Jinnah Avenue, Blue Area, ISLAMABAD.

Fax No. [phone]/TCS

HEAD 0FFI0E REGISTERED OFFICE P0IIIf£R STATIONS

: t•B,AZIZAVENUE, CANAL BANK, GULBERG V, LAHORE. TEL: [phone]J7090•96,35717J5M3,FAX: 92°42-35717239 Website: https://www.pakgenpower.com E•NAIL: pakengIaIpir.com

: NISHAT HOUSE, 53/A, LAWRENCE ROAD, LAHORE TEL: [phone] FAX: [phone]J4

: LALPIR THERMAL POWER STATIONS, P.0.B0X N0.89, NUZAFFARGARH. PC•34t00, PAKISTAN. TfiL: +92-6&2300030 FAX: [phone] https://www.pakenpower.com

PAKGEN POWER LIMITED

CONDENSED INTERIPI STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT 31 NARCH 2025

	Un-audited 3J March	Audited 3J December			Un•audited 31 March	Audited 31 December
	2025 Note (Rupees in	2024 thousand)		Note	2025 (Rupees in	2024 thousand)
EQUITY AND LIABILITIES			ASSETS
SHARECAPITALANDRESERVES			NON-CURRENT ASSETS
Authorised share capital			Fixed assets		2,765,647	2,998,120
400,000,000 (31 December 2024: 400,000,000)			Long-term loans to employees		17,764	18,982
ordinary shares of Rupees 10 each	4,000,000	4,000,000	Long-term security deposit		1,774	1,774

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-appropriated profit Total equity

LIABILITIES

NON-CURRENT LIABILITIES CURRENT LIABILITIES

Trade and other payables Aocrued mark-up / profit Taxation and levy - net Undaimed dividend

Total liabilities

CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES

3,720,816

116,959

22,794,780

26,632,555

423,929	572,234
	10,502
30,867	41,082
130,556	130,615

585.352

585,352

4

27,217,907

3,720,816

116,959

22,757,378

26,595,153

754,433

754,433

27,549,586

Employee benefit - gratuity

CURRENT ASSETS

Stores, spare parts and other consumables Fuel stock

Trade debts

Loans, advances and short-term prepayments Other receivables

Accrued interest Short term investment

Cash and bank balances

TOTAL ASSETS

19,822 19,822

2,805,007 3,038,698

666,028	647,068
1,359,947	2,486,106
964,252	11,514,884
1.460.318	8@,976
1,245,457	2,128,564
12,297	2,961
7,748,436	6,626,325
10,956,165	1@,004

24,412,900 24,310,888

27,217,%7 27,349,586

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

CHIEF EXECUTIVE

DIRECTOR

CHIEF FINANCIAL OFFICER

PAKGEN POWER LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the Quarter Ended 31 March 2025 (Un-audited)

QUARTER ENDED
31 March 202S	31 IYlarch 2024

Note ( Rupees in thousand )

REVENUE FROM CONTRACT WITH CUSTOMER	925,405		5,152,733
COST OF SALES	6	(780,297) (3,452,616)
GROSS PROFIT		145,108	1,700,117
PLANT MAINTENANCE AND PRESERVATION COSTS	7	(217,207)
ADMINISTRATIVE EXPENSES		(69,005)	(82,247)
OTHER EXPENSES		(1,324)	(1,554)
OTHER INCOME 208,284 314,269
PROFIT FROM OPERATIONS		65856	1.930,585
FINANCE COST		(116)	(14,322)
PROFIT BEFORE TAXATION		65,740	1,916,263
TAXATION (28,338) (62,764)

PROFIT AFTER TAXATION

OTHER COMPREHENSIVE INCOME

TOTAL COMPREHENSIVE INCOME FOR THE PERIOD

EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES)

37,402 1,853,499

37,402 1,853,499

0.10 4.98

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

CHIEF EXECUTIVE DIRECTOR

CHIEF FINANCIAL OFFICER

PAKGEN POWER LIMITED

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY

For the Quarter Ended 31 March 2025 (Un•audited)

TOTAL

EQUITY

Revenue

Un-appropdated profit

Capital

Retained payments reserve

RESERVES

SHARE CARTAL

Balance as at 31 December 2023 (audited)

Profit for the quarter ended 31 March 2024

Other Comprehensive income for the quarter ended 31 March

2024

Total comprehensive income for the quarter ended 31 March 2024

Balance as at 31 March 2024- un-audited

Balance as at 31 December 2024 (audited)

Profit for the quarter ended 31 March 2025

Other Comprehensive income for the quarter ended 31 March 2025

Total comprehensive income for the quarter ended 31 March

2025

Balance as at 31 March 2025 • un-audited

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

3,720,816 116,959 20,849,904 24,687,679

1,853,499

1,853,499

1,853,499 1,853,499

3,720,816	116,959	22,703,403	26,541,178
3,720,816	116,959	22,757,378	26,595,153
		37,402	37,402
		37,402	37,402

3,720,816 116,959 22,794,7B0 26,632,555

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

CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER

PAKGEN POWER LIMITED ' h

CONDENSED INTERIM STATEMENT OF CASH FLOWS

FOR THE QUARTER ENDED 31 MARCH 2025 (Un•audited)

QUARTER ENDED
31 March 2025		31 March 2024

Note (Rupeea in thousand)

CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from /(used in) Operations	11,834,400		(196,389)
Finance cost paid	(10,618)		(14,728)
Net decrease /(increase) in long term loans to employees	1,218		(8,425)
Income tax paid	(38,553)		(18,566)
Net cash generated from /(used in) operating activities	11,786,447		(238,108)
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditure on fixed assets			(1,616)
Short term investments made	(3,306,711)		(165,823,295)
Proceeds from disposal of short term investments	2,184,600		163,789,298
Interest received	191,884		314,315
Net cash used in investing activities	(930,227)		(1,721,298)
SASH FLOWS FROpI FINANCING ACTIVITIES
Dividend paid	( 9		( 07
Net cash used in financing activities	(59)		(107)
Net increase I (decrease) in cash and cash equivalents	10,856,161		(1,959,513)
Cash and cash equivalents at beginning of the period	100,004		(1,615,222)
Cash and cash equivalents at end of the period	10,956,165		(3,574,735)
CASH AND CASH EQUIVALENTS
Cash and bank balances	10,956,165		205,223
Short-term borrowings			(3779,958)
	10,956,165		(3,574,735}
The annexed notes form an integral part of these condensed interim financial statements.

CHIEFEXECUTIVE DIRECTOR

CHIEF FINANCIAL OFFICER