सोलु हाइड्रोपावर लिमिटेडको चौथो त्रैमासिक वित्तीय विवरणSolu Hydropower Limited Q4 Financial Disclosure

Statement of Financial Position for the 4th Quarter

As at 32nd Ashad 2083 (16th July 2026)

Figures in NPR

As at 32nd Ashad 2083 As at 30th Chaitra 2082

Assets
Property, Plant & Equipment	55,098,463	55,623,385
Intangible Assets	21,735,414,483	27,480,655,797

Other Non - Current Assets - -

Deferred Tax Assets	-	-
Foreign Currency Fluctuation Account	2,605,134,785	4,322,845,378
Investment	35,343,849	35,343,849
Total Non-Current Assets	24,430,991,580	31,894,468,409
Current Assets
Trade & Other Receivables	871,241,156	929,654,099
Income Tax Receivables	12,824,720	11,095,357
Cash & Cash Equivalents	606,801,758	457,806,093
Inventories	31,236,550	4,877,966
Total Current Assets	1,522,104,184	1,403,433,515
Total Assets	25,953,095,764	33,297,901,923

EQUITY AND LIABILITIES

Equity
Share Capital	10,000,000,000	10,000,000,000
Retained Earnings	3,804,387,724	3,522,827,053
Total Equity	13,804,387,724	13,522,827,053
Liabilities
Non-Current Liabilities
Loans & Borrowings -Sustainable	7,005,338,384	7,232,959,728
Loans & Borrowings -Unsustainable	4,153,156,206	11,562,980,700
Deferred Tax Liabilities	-	-
Total Non-Current Liabilities	11,158,494,590	18,795,940,428
Current Liabilities
Loans & Borrowings	695,917,389	573,798,298
Trade & Other Payables	259,846,176	379,552,266
Income Tax Liability	34,449,884	25,783,879
Total Current Liabilities	990,213,449	979,134,442
Total Liabilities	12,148,708,039	19,775,074,870
Total Equity and Liabilities	25,953,095,764	33,297,901,923

Statement of Profit or Loss and Other Comprehensive Income

As at 32nd Ashad 2083 As at 30th Chaitra 2082

Revenue From Operations	2,629,245,887	2,112,492,262
Generation Expenses	(1,248,994,133)	(1,055,610,873)
Gross Profit	1,380,251,754	1,056,881,390
Gain on unsustainable loan Written off	5,718,868,104	-
Less: Impairment of intangible assets	(5,718,868,104)	-
Total Income	1,380,251,754	1,056,881,390
Administrative Expenses	(56,793,571)	(51,475,984)
Depreciation & Amortization Expenses	(1,358,030)	(1,015,067)
Profit From Operations	1,322,100,153	1,004,390,339
Other Income	-	5,439,388
Profit / (Loss) Before Finance Costs /Taxes	1,322,100,153	1,009,829,727
Finance Costs	(173,770,691)	(150,367,094)
Profit / (Loss) Before CSR & Staff Bonus and Tax	1,148,329,462	859,462,632
Provision for Staff Bonus	(22,966,589)	(17,189,253)
Provision for Corporate Social Responsibility	(11,483,295)	(8,594,626)
Profit Before Tax	1,113,879,578	833,678,753
Provision for Income Tax	-	(1,359,847)
Net Profit / (Loss) For The Year	1,113,879,578	832,318,906

Notes:

1. The above mentioned figures are subject to change during statutory audit of the books of accounts.

2. Previous period figures have been reclassified/rearranged wherever considered necessary.

4th Quarter Disclosure as of 32nd Ashad 2083 (16th July 2026) as per securities registration and issuance regulation Annexure-14 (related to Sub regulation 1 of Regulation 26)

1. Financial Statements

• The Unaudited Financial Statements for the Fourth quarter have been published as a part of this report.

• The third and fourth quarters of reporting are being done on the basis of audited financial of the FY 2081/82.

• The company has amortized intangible assets so that all investment made on electricity generation, Transmission or distribution are paid back in the remaining period of project life. The generation license is currently valid till 18th March 2050. In case of other fixed assets depreciation has been calculated based on Written down value method.

• Revenue and related profit in the current period, in line with applicable accounting standards.

• The Company has entered into a formal arrangement with its international lenders for a phased, partial waiver of its outstanding loan obligations. During the reporting period, the first phase of the waiver, amounting to approximately NPR 5.72 billion, was approved by relevant authority. The Company has recognized the corresponding gain on the debt waiver and has recognized a partial impairment of the project assets to an equivalent extent, resulting in no net impact on the results for the period. The remaining phases of the waiver arrangement are in the process of approval by the relevant authorities. Upon receipt of such approval and fulfilment of the relevant conditions, the Company shall recognize any gain arising from such waiver.

• Retained Earnings is inclusive of IFRIC-12 Revenue recognition.

• Business transactions were conducted with related parties at arm's length in line with section 93 (3.c) of the Company Act.

S.No Particular Nature Amount-NPR

1 Nava Jyoti Gases Pvt. Ltd. Purchase 64,280

2 SDPL Trade Pvt Ltd Purchase 37,794

3 Riddhi Siddhi Developers Pvt. Ltd Purchase 53,293

Key Financial Ratios at the end of the quarter:

Period Earning Per Share Net Worth Per Share Current Ratio (Times) P/E Ratio (Times) Return on Assets (%)

This Quarter End	11.14	110.62	1.54	45.70	4.56
Previous Quarter End	8.32	107.80	1.43	90.36	2.61

Note: The calculation of net worth per share excludes the effects of IFRIC-related profit recognition.

2. Management Analysis

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

Inventories: Inventory levels remain optimized to support uninterrupted project operations.

Income: Revenue from electricity sales for the period of Shrawan 24, 2082, through Ashad 32, 2083 is NPR 2,62,92,45,887.

Liquidity: The company maintains a robust liquidity position, ensuring sufficient working capital to meet all current operational obligations and project requirements.

• The analytical statement on the possible effect on company's profitability, stock and cash flow based on the experience: This is the first Year of Operation for the Company, hence there is not any effect on the company's profitability, stock and liquidity due to past events.

3. Statement relating to Legal Action

• Case filed by or against the company during the quarter, if any: None

• 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

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

4. Analysis of Share Transaction of the Company

The shares of the company were listed on Nepse dated 11th March 2026 and are being actively traded. The major highlights of share transactions during the quarter are as follows:

Maximum Price Minimum Price Closing Price Transaction Days Total Transaction Traded Volume Turnover

875.50 300.00 509.00 85.00 2,34,793.00 1,32,50,552 9,541,005,593.70

5. Problems and Challenges

• Internal

- Management and retention of skilled human resources.

• External

- Impact of Climate Change on amount of Rain/Snow Fall in Catchment area.

- Risk of natural disaster-Earthquake, Landslides etc. which are inherent to the hydro power projects.

• Strategies

- HR optimization plan is being implemented.

- Adequate insurance policies to mitigate the risk of natural disaster.

6. Corporate Governance

The Board of Directors and the management team are committed to practice good corporate governance within the company.

7. Declaration of Chairman on Truth, Tactfulness

I, the Chairman of this Company, take the responsibility of accuracy of the information and details mentioned in this report for the Fourth Quarter of F/Y 2082/83. I hereby declare that the information and details provided in this report are true and complete to the best of my knowledge, and that information necessary for taking informed decisions by the investors is not concealed.