मकर जितुमाया सुरी हाइड्रोपावरको चौथो त्रैमासिक वित्तीय विवरणMakar Jitumaya Suri Hydropower Q4 Financial Report

Unaudited Financial Reports (Quarterly)

As on Ashadh End, 2083 4th Quarter of Fiscal Year 2082/83

Statement of Financial Position (figures in NPR)

Particulars Quarter Ending Ashadh	2083	2082	2082
Assets
Non-Current Assets
Property, plant and equipment	1,450,695	2,444,675	3,383,181
Intangible assets	2,532,616,743	2,567,637,223	2,627,900,550
ROU Asset	10,338,026	-	13,784,034
Total Non-Current Assets	2,544,405,464	2,570,081,898	2,645,067,765
Current Assets
Cash and cash equivalents	29,088,894	83,413,716	40,081,518
Other Financial Assets	90,951,966	59,458,325	62,700,334
Other Assets	6,869,770	6,080,286	6,080,286
Total Current Assets	126,910,630	148,952,326	108,862,138
Total Assets	2,671,316,092	2,719,034,224	2,753,929,903
Equity and Liabilities
Equity
Equity share capital	760,000,000	760,000,000	760,000,000
Retained Earnings	111,100,841	119,974,387	32,856,914
Total Equity	871,100,841	879,974,387	792,856,914
Liabilities
Non-Current Liabilities
Long Term Borrowing	1,780,473,983	1,820,472,908	1,936,673,983
Lease Liability	12,929,120	13,516,212	15,194,782
Total Non-Current Liabilities	1,793,403,103	1,833,989,120	1,951,868,764
Current Liabilities
Short Term Borrowing	-	-	5100000
Trade Payables	-	256,220	82549
Other Current Liabilities	6,812,148	4,814,497	4,021,676
Total Current Liabilities	6,812,148	5,070,717	9,204,225
Total Liabilities	1,800,215,251	1,839,059,836	1,961,072,989
Total Equity and Liabilities	2,671,316,092	2,719,034,224	2,753,929,903
Statement of Profit or Loss
Particulars Quarter Ending Upto Ashadh	2083	2082	2082
Revenue from sale of Electricity	392,099,565	323,952,005	388,632,410

Revenue from service concession agreement 0 - 0

Less:Cost of sales	26,728,601	10,265,703	23,476,725
Gross Profit	365,370,965	313,686,302	365,155,685
Depreciation & Amortization	100,662,301	74,985,867	99,999,338
Other Income	925,350	-	76,902
Employee Benefits Costs	18,560,388	13,770,248	21,181,722
Administrative and Other Operating Expenses	17,179,056	22,681,319	13,253,630
Profit from operation	229,894,570	202,248,867	230,797,898
Finance Costs	150,085,764	115,131,394	183,169,467
Profit Before tax & Employee Bonus	79,808,806	87,117,473	47,628,431
Employee Bonus	1564878.549	-	933,891
Profit before Tax	78,243,927	87,117,473	46,694,540
Income tax Expense
Current Tax	-	-	-
Deferred Tax	-	-	-
Profit for the Year	78,243,927	87,117,473	46,694,540
Other Comprehensive Income
Other Comprehensive Income not to be reclassified to profit or loss in subsequent periods	-	-	-
i. Re-measurement (losses)/ Gains on post Employment Defined Benefit Plans	-	-	-
ii. Equity instruments through Other Comprehensive Income	-	-	-
iii. Tax Relating items that will not be classified to profit or loss	-	-	-
Other comprehensive gain/ (loss) for the year, net of tax	-	-	-
Total comprehensive gain/ (loss) for the year, net of tax	78,243,927	87,117,473	46,694,540

Fourth Quarter Disclosure as of Ashadh end, 2083 (16th July 2026) as per Securities Registration and Issuance Regulation Annexure 14

(Related to Sub-regulation 1 of Regulation 26)

1. Financial Statements

a) The financial statements for the period ended as on Fourth quarter have been published as a part of this report.

b) The unaudited figures for FY 2082-83 (i.e. quarter ending Ashadh 2083) have been presented for improved clarity and accuracy.

c) The financial information as of the end of the fourth quarter is presented based on unaudited figures for informational purposes only. These figures have not undergone independent audit or review by external auditors.

d) Key Financial Ratios at the end of the quarter:

Other Financial Highlights
Particulars Quarter Ending Upto Ashadh	2083	2082	2082
Interest Income	2,250	-	5,232
Interest Expenses	150,085,764	115,131,394	183,169,467
Net Interest Income	-150,083,514	-115,131,394	-183,164,235
Total Operating Income	393,022,665	323,952,005	388,704,080
Operating Profit	228,327,441	202,248,867	229,858,775
Profit Before Tax	78,243,927	87,117,473	46,694,541
Tax	-	-	-
Net Profit	78,243,927	87,117,473	46,694,541
EPS(Basic)	10.30	11.46	6.14
Annualized Earning Per Share	10.30	15.28	6.14
PE Ratio	47.40	46.42	99.65

ROA 2.93% 3.20% 1.70%

ROE 8.98% 9.94% 5.89%

Net worth Per Share 114.62 115.79 104.32

2. Management Analysis

a) Any changes in the stock, income and liquidity during the quarter and reason for change, if any:

Revenue for Ashadh 2083 amounted to NPR 39,20,99,565 showing a slight increase compared to NPR 38,86,32,410 in ashad 2083. This is because of increment in the electricity selling rate compared to the previous year.

b) The statement of management analysis on the upcoming business plan:

The company management is persistently working on improving internal control system and risk management practices.

c) The analytical statement of the possible effect on company's profitability, stock and cash flow based on the past experience:

The Company has maintain steady progress and there has been no such other incident during the period which might have negative impact on the profit or cash flow of the company.

3. Statement relating to Legal Action

a) Case filed by or against the Company during the quarter, if any: None

b) Case filed by or against the Company or its Promoter or Director for violation of the prevailing regulation or committing the criminal offence, if any: None

c) Case filed against the Promoter or Director on financial crime, if any: None

4. Analysis of the share transaction of the company

a) During the Fourth quarter, MAKAR shares traded actively for a day till the end of Chaitra 2082 as its shares were listed in NEPSE on 21st of Baishak 2080 and began trading on 25th Baishak 2080.

b) The highlights of the share transactions during the quarter are as follows:

Maximum Price (NRP) Minimum Price (NRP) Closing Price (NRP) Transaction Days

535.10 448 488 64

5. Problems and Challenges

a) Internal

• Retention and optimization of skilled human resource.

• Maintaining operational Efficiency

b) External

• nconsistent regulatory and policy level commitment from the government regulatory agencies in development of hydroelectric projects.

• Lack of domestic suppliers and vendors for hydropower equipment and spare parts.

• Inadequate existing transmission line.

c) Strategies

• Implementation of HR optimization plan.

• Lobbying with government authorities for investment friendly environment.

• Identification of different financial instruments along with risk assessment.

• Development of various internal policies and procedures.

6. Corporate Governance

The Board of Directors are committed to upholding good corporate governance practice in the company through implementation of policies and guidelines for proper functioning of the company. Various committees and sub-committee that are to be formed in compliance with Companies act, 2063 and Corporate Governance Guidelines, 2074 issued by Security Exchange Board of Nepal are in the process of formation.

7. Declaration of Truth, Tactfulness

The Company, take responsibility for accuracy of the information and details mentioned in this report. I also declare that the information and details mentioned in this report are complete, true, based on facts and the information, details necessary for making informed decision by the investors are not concealed.