Rupali Polyester Limited — Interim / Quarterly Report 2026

Apr 29, 2026

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3rd Quarterly Report for the Period ended 31 March 2026

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Corporate Data

Board of Directors

Chairman Chief Executive Of�icer Shehzad Feerasta Nooruddin Feerasta

Directors

Muhammad Rashid Zahir - Non-Executive Zeeshan Feerasta - Non-Executive Shahid Hameed - Independent - Non-Executive

Amyna Feerasta - Non-Executive

Yaseen M. Sayani - Independent - Non-Executive Abdul Hayee - Executive

Audit Committee

Yaseen M. Sayani - Chairman Muhammad Rashid Zahir - Member Zeeshan Feerasta - Member

Human Resource & Remuneration Committee

Shahid Hameed - Chairman Nooruddin Feerasta - Member Zeeshan Feerasta - Member

Chief Financial Of�icer

Abdul Hayee

Company Secretary

S. Ghulam Shabbir Gilani

Bankers

Askari Bank Limited Bank Alfalah Limited Faysal Bank Limited Habib Bank Limited Habib Metropolitan Bank Limited MCB Bank Limited Meezan Bank Limited Soneri Bank Limited

The Bank of Punjab

Auditors

RSM Avais Hyder Liaquat Nauman Chartered Accountants

Registered Of�ice Rupali House, 241-242 Upper Mall Scheme Anand Road, Lahore - 54000 PAKISTAN

Plant

30.2 Kilometer Lahore - Sheikhupura Road Sheikhupura - 39350 PAKISTAN

RUPALI POLYESTER LIMITED

Directors’ Review

We are pleased to present the Company’s un-audited nancial statements for the third quarter and nine-months period ended 31 March 2026.

Overview

Domestically, Pakistan’s economic outlook shows early signs of stabilization and remains moderately positive. Stabilization efforts through accommodative monetary policy, improved foreign exchange reserves, and continued scal discipline are expected to support private sector activity, making borrowing costs easy, and facilitate investment. Unfortunately, the ongoing geopolitical conicts are expected to have indirect implications for Pakistan’s economy. In response to easing inationary pressures, the State Bank of Pakistan (SBP) reduced the policy rate from 11% to 10.50% in December 2025. However, structural challenges including high energy costs and higher tax rates without meaningful expansion of the tax base continue to hinder progress. The global economy navigated signicant headwinds; geopolitical tensions, more specically the US-Israel war on Iran has signicantly impacted the global economy, primarily through severe disruptions in the energy sector, skyrocketing costs, and increased geopolitical instability. This conict has disrupted trade lanes in the Gulf region, impacting the movement of goods and driving up logistics costs. This situation further kept the supply chains under pressure, and higher bilateral tariffs raised commodity prices and inationary pressures, resulting in a further slowdown in economic performance in the country.

Polyester Market Conditions

High energy cost, tight liquidity and intense competition with dumped imports and weak demand of d omestic P FY are continuing challenges for the polyester industry and Local manufacturers have to operate at reduced capacities with consequential impact in shape of eroded gross margins. This situation further aggravated due to recent USA-Iran war damaging main fuel supply sources resulting in serious global petroleum shortages and threatening the sustainability of the domestic polyester industry.

Super Tax

Super Tax has added to our nancial stress apart from elevated electricity and gas tariffs, surging input and energy cost with consequential increase in our production costs. Government should review the recovery plan and provide relief to industrial sectors and collect Super Tax in easy instalments in three to four years instead of lumpsum forceful recovery under harassment environment.

Financial Performance

Sales revenue for the third quarter ended 31 March 2026 declined to Rs. 501.45 million from Rs.622.74 million in the corresponding period of last year, driven by global economic volatility. The Company incurred a gross loss of Rs. 106.48 million in Q3 of 2025-26 against gross loss of Rs.158.03 million in same quarter of FY 2024-25. Loss before tax for Q3 of current nancial year is reported as Rs.239.37 million against Rs.281.55 million in corresponding quarter of previous nancial year and after tax loss is reported as Rs. 234.68 million, compared to Rs. 289.33 million in corresponding quarter of FY 2024-25.

3rd Quarterly Financial Statements 2026

Sales revenue for the nine months period ended 31 March 2026 declined to Rs. 2,360.59 million from Rs. 5,266.16 million in the corresponding period of last year, because of the reasons explained above. The Company incurred a gross loss of Rs. 287.50 million in nine months ended 31 March 2026 against a gross loss of Rs.593.43 million in same period of FY 2024-25. Loss before tax for three quarters of current nancial year ended 31 March 2026 is reported as Rs.183.88 million against Rs.1,059.04 million in corresponding period of previous nancial year and after tax loss is reported as Rs. 214.57 million, compared to Rs.1,025.16 million in corresponding period of FY 2024-25.

Earnings per share

The Company reported a loss per share of Rs. 6.89 for the third quarter and Rs.8.49 for the nine-months period ended 31 March 2026, compared to a loss per share of Rs. 6.30 and Rs. 30.02 for the respective quarterly and nine-monthly periods in FY 2024-25.

A Note of Gratitude

The Board of Directors extends its sincere gratitude to our valued shareholders as well as to the Ministries of Finance, Industries and Production, Commerce, Communication and Information Technology, and Textile Industry. We also wish to acknowledge the vital support received from the Federal Board of Revenue, National Tariff Commission, Department of Customs and Central Excise, and the Government of Punjab for their continued support. We also appreciate the trust and collaboration of Development Financial Institutions, Commercial Banks, Customers, and Business Partners.

We also recognize the dedication and hard work of our employees, whose commitment is vital to the Company's resilience. We are also thankful to our stakeholders for their continued faith and trust in the Company Management.

On behalf of the Board

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Nooruddin Feerasta Zeeshan Feerasta Chief Executive Ofcer Director

Lahore 24 April 2026

RUPALI POLYESTER LIMITED

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3rd Quarterly Financial Statements 2026

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RUPALI POLYESTER LIMITED

Condensed Interim Statement of Financial Position (Un-audited) as at 31 March 2026

(Rupees in '000) Note	Unaudited 31 March 2026	Unaudited 31 March 2026	Audited 30 June 2025
ASSETS NON-CURRENT ASSETS Property, plant and equipment 4 7,667,117 7,776,268 Investment properties 850,000 850,000 Long term security deposits 4,481 4,481 Deferred tax assets 5 610,772 600,462 9,132,370 9,231,211 CURRENT ASSETS Stores, spares and loose tools 1,078,127 1,113,571 Stock in trade 651,981 752,577 Trade receivables 7,384 9,426 Advances, deposits and other receivables 669,906 599,862 Tax refunds due from government 183,958 169,714 Cash and cash equivalents 6 597,735 138,422 3,189,091 2,783,572 TOTAL ASSETS 12,321,461 12,014,783 EQUITY AND LIABILITIES SHARE CAPITAL AND RESERVES Authorised share capital: 35,000,000 (30 June 2025: 35,000,000) ordinary shares of Rs. 10 each 350,000 350,000 Issued, subscribed and paid-up capital 340,685 340,685 Capital reserves Share premium 71,490 71,490 Surplus on revaluation of land 6,481,571 6,481,571 Revenue reserves General reserve 1,664,125 1,664,125 Unappropriated prot / (Accumulated loss) (2,875,587) (2,661,011) 5,682,284 5,896,860 5,682,284 5,896,860 NON-CURRENT LIABILITIES Long term loan 7 988,510 1,220,417 Deferred interest income 8 695,609 953,703 Staff retirement gratuity 289,325 275,532 1,973,444 2,449,652 CURRENT LIABILITIES Trade and other payables 9 842,793 999,135 Short term borrowing 10 3,592,855 2,485,875 Accrued markup on borrowings 135,418 88,593 Provision for taxation Income tax 90,072 90,072 Unclaimed dividend 4,595 4,596 4,665,733 3,668,271 CONTINGENCIES AND COMMITMENTS 11 TOTAL EQUITY & LIABILITIES 12,321,461 12,014,783 - - The annexed notes 1 to 18 form an integral part of these condensed interim nancial statements.	7,667,117 850,000 4,481 610,772 9,132,370 1,078,127 651,981 7,384 669,906 183,958 597,735 3,189,091 12,321,461 350,000
			7,776,268 850,000 4,481 600,462
			9,231,211
			1,113,571 752,577 9,426 599,862 169,714 138,422
			2,783,572
			12,014,783
			350,000
	340,685 71,490 6,481,571 1,664,125 (2,875,587)		340,685 71,490 6,481,571 1,664,125 (2,661,011)
			5,896,860
			5,896,860
			1,220,417 953,703 275,532
			2,449,652
			999,135 2,485,875 88,593 90,072 4,596
			3,668,271
			12,014,783

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Nooruddin Feerasta Zeeshan Feerasta Chief Executive Ofcer Director

Abdul Hayee Chief Financial Ofcer

3rd Quarterly Financial Statements 2026

Condensed Interim Statement of Prot or Loss (Un-audited) for the nine months ended 31 March 2026

(Rupees in '000) Note		2026 2025 Quarter ended 31 March	2026 2025 Quarter ended 31 March	2026 2025 Quarter ended 31 March	2026 2025 Quarter ended 31 March	2026 2025 2,360,588 5,266,159 2,648,093 5,859,591 (287,505) (593,432) 614,796 102,889 327,291 (490,543) 25,695 20,461 222,737 165,485 261,724 349,711 1,018 32,842 511,174 568,499 (183,883) (1,059,042) 29,507 65,827 (213,390) (1,124,869) (1,185) (99,713) (214,576) (1,025,156) (6.30) (30.02) Nine Months Ended 31 March	2026 2025 2,360,588 5,266,159 2,648,093 5,859,591 (287,505) (593,432) 614,796 102,889 327,291 (490,543) 25,695 20,461 222,737 165,485 261,724 349,711 1,018 32,842 511,174 568,499 (183,883) (1,059,042) 29,507 65,827 (213,390) (1,124,869) (1,185) (99,713) (214,576) (1,025,156) (6.30) (30.02) Nine Months Ended 31 March	2026 2025 2,360,588 5,266,159 2,648,093 5,859,591 (287,505) (593,432) 614,796 102,889 327,291 (490,543) 25,695 20,461 222,737 165,485 261,724 349,711 1,018 32,842 511,174 568,499 (183,883) (1,059,042) 29,507 65,827 (213,390) (1,124,869) (1,185) (99,713) (214,576) (1,025,156) (6.30) (30.02) Nine Months Ended 31 March
		2026
Sales - net Cost of goods sold 12 Gross prot/(loss) Other income Distribution costs Administrative expenses Finance costs Other operating expenses (Loss) for the period before taxation Minimum tax diferen�al 14 (Loss) for the period Provision for taxa�on 15 Loss for the period Earnings per share - basic and diluted		501,453 607,939 (106,486) 43,096 (63,390)		622,739 780,767 (158,029) 19,440 (138,588)		2,360,588 2,648,093 (287,505) 614,796 327,291
		5,878 81,221 88,878 -		6,115 48,237 79,776 8,832		25,695 222,737 261,724 1,018		20,461 165,485 349,711 32,842
		175,977 (239,367) 6,268		142,960 (281,548) 7,784		511,174 (183,883) 29,507
		(245,635) 10,948 (234,687)		(289,332) - (289,332) Amount in Rupees		(213,390) (1,185) (214,576)
		(6.89)		(8.49)		(6.30)

The annexed notes 1 to 18 form an integral part of these condensed interim nancial statements.

Nooruddin Feerasta Chief Executive Ofcer

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Zeeshan Feerasta Director

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Abdul Hayee Chief Financial Ofcer

RUPALI POLYESTER LIMITED

Condensed Interim Statement of Other Comprehensive Income (Un-audited) for the nine months ended 31 March 2026

	(Rupees in '000)	2026 2025 Quarter ended 31 March	2026 2025 Quarter ended 31 March	Nine Months Ended 31 March
		2026		2026 2025
	(loss)/Prot for the Period Other Comprehensive Income for the period Total Comprehensive (loss)/Income for the period Items that may not be subsequently reclassied to prot or loss	(234,687) - (234,687)	(289,332) - (289,332)	(1,025,156) - (214,576) - (214,576)(1,025,156)

The annexed notes 1 to 18 form an integral part of these condensed interim nancial statements.

Nooruddin Feerasta Chief Executive Ofcer

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Zeeshan Feerasta Director

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Abdul Hayee Chief Financial Ofcer

3rd Quarterly Financial Statements 2026

Condensed Interim Statement of Cash Flow (Un-audited) for the nine months ended 31 March 2026

Note (Rupees in '000)		Quarter Ended 31 March	Quarter Ended 31 March	Quarter Ended 31 March
		2026 (183,883)		2025
CASH FLOW FROM OPERATING ACTIVITIES Prot before taxation Adjustments for non-cash and other items Depreciation 4 Staff retirement benets (Gain)/Loss on disposal of xed assets Interest income Workers Welfare Fund Workers Prot Participation Fund Finance cost Effect on cash ow due to working capital changes (Increase)/decrease in current assets Stores, spares and loose tools Stock-in-trade Trade debts Trade deposits and short term prepayments and receivables Increase / (decrease) in current liabilities Trade and other payables Cash generated from operations Finance costs paid Income tax paid Long term deposits Workers Prot Participation Fund Paid Staff retirement benets paid Net cash outow from operating activities CASH FLOW FROM INVESTING ACTIVITIES Additions in property, plant and equipment Mark-up / Interest income received Proceeds from disposal of operating assets Net cash inow/(outow) from investing activities CASH FLOW FROM FINANCING ACTIVITIES Short-term borrowings (paid) / obtained - net Long term loan paid Deferred interest income Dividend paid Net cash inow / (outow) from nancing activities Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period 6				(1,059,042)
		114,308 13,793 (413,461) (4,348) - - 261,724		113,599 22,923 - (8,133) - 8,832 349,711
		(27,985) (211,868)		486,933
				(572,109)
		35,444 100,596 2,042 (70,044)		(3,816) 1,318,207 11,370 38,810
		68,038 (156,342) (300,172) (214,899) (55,247) - - - (570,317) 408,304 4,348 - 412,653 1,106,980 (231,907) (258,094) (1) 616,978 459,313 138,422 597,735		1,364,571 (1,018,904)
				(226,443) (279,548) (56,150) - - -
				(562,141)
				(27,055) 8,133 -
				(18,923)
				406,361 - - (4)
				406,357
				(174,706) 260,598
				85,892

The annexed notes 1 to 18 form an integral part of these condensed interim nancial statements.

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Nooruddin Feerasta Chief Executive Ofcer

Abdul Hayee Chief Financial Ofcer

Zeeshan Feerasta Director

RUPALI POLYESTER LIMITED

Condensed Interim Statement of Changes in Equity (Un-audited) for the nine months ended 31 March 2026

(Rupees in '000)	Issued, subscribed and paid-up capital	Capital Reserves	Revenue Reserves	Revenue Reserves	Total Reserves	Surplus on Revaluation of freehold land	Total
		Share premium	General reserve	Accumulated Loss
Balance as on 01 July 2024 - Unaudited Final Dividend for the year ended 30 June 2024 Loss for the nine months ended 31 March 2025 Balance as on 31 March 2025 - Unaudited Balance as on 01 April 2025 - Unaudited Final Dividend for the year ended 30 June 2025 Prot for the quarter ended 30 June 2025 Income/(loss) for the period Balance as on 30 June 2025 - Audited Balance as on 01 July 2025 - Audited Final Dividend for the year ended 30 June 2025 Loss for the nine months ended 31 March 2026 Balance as on 31 March 2026 - Unaudited Other comprehensive income for the nine months ended 31 March 2025 Other comprehensive income for the last quarter ended 30 June 2025 Other comprehensive income for the nine months ended 31 March 2026	340,685	71,490	1,664,125	(1,166,622) (1,025,156) 497,503 - - (1,025,156) - -		5,697,866 - -	6,195,369 - - (1,025,156) - -
	340,685	71,490	1,664,125	(2,191,778) (527,653)		5,697,866	5,582,388 - 5,582,388 - - - 783,705 (469,233) -
	340,685 -	71,490 -	1,664,125 -	(2,191,778) (527,653) - - - - - (469,233) (469,233) -		5,697,866 - 783,705
	340,685	71,490	1,664,125	(2,661,011) (996,886)		6,481,571	5,896,860
	340,685	71,490	1,664,125	(2,661,011) (996,886) - - - (214,576) (214,576) -		6,481,571 - -	- 5,896,860 - - (214,576) -
	340,685	71,490	1,664,125	(2,875,587) (1,211,462)		6,481,571	5,682,284

The annexed notes 1 to 18 form an integral part of these condensed interim nancial statements.

Nooruddin Feerasta Chief Executive Ofcer

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Zeeshan Feerasta Director

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Abdul Hayee Chief Financial Ofcer

3rd Quarterly Financial Statements 2026

Notes to the Condensed Interim Financial Statements (Un-Audited) for the nine months ended 31 March 2026

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RUPALI POLYESTER LIMITED

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3rd Quarterly Financial Statements 2026

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RUPALI POLYESTER LIMITED

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• 10.1 The aggregate nance facilities available from various commercial banks amounted to Rs. 2,784,855 million (June: 2025: Rs. 2,257,87 million). These carry make-up at the rates ranging from 11.76% to 13.15% per annum (March: 2025: 12.75% to 13.14% per annum) and are secured against hypothecation charge on current assets and promissory notes, respectively. Markup is payable on quarterly basis in arrears.

• 10.2 The nancing facility available amounts to Rs 281.24 million and carry markup at the rate 6 month KIBOR plus 0.5% payable on semi annually basis. The effective markup rate charged during the year ranges from 11.91% to 22.19% per annum. This is secured against rst pari passu charge over present and future current assets of the Company.

• 10.3 The loan was obtained to meet working capital requirements and has been utilized accordingly. The loan is unsecured, interest free and repayable on demand.

401,404 788,065 806,256 780,767

3rd Quarterly Financial Statements 2026

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22,697

24

RUPALI POLYESTER LIMITED

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Nooruddin Feerasta Chief Executive Ofcer

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Zeeshan Feerasta Director

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Abdul Hayee Chief Financial Ofcer

rupaligroup.com

RUPALI POLYESTER LIMITED Registered Office Rupali House, 241 - 242 Upper Mall Scheme, Anand Road, Lahore - 54000 Pakistan.