HUBC | Strategic Growth in E&P, EV Infrastructure, and Mineral Exploration | Directors Report Q1Sep2025

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Summary of HUBC Q1 Sep 2025 Directors Report

E&P Sector – PIOGCL and JV Activities

PIOGCL Prime and its joint venture partners continue identifying drilling opportunities to maximize gas production from existing fields. Successfully tested a new well, currently in the commissioning phase. Awarded two new exploration blocks in April 2025: Sukhpur II and Naing Sharif. In Sukhpur II, Prime is the operator with OGDCL, Mari Energies Limited, and TPAO as non-operated JV partners. In Naing Sharif, OGDCL is the operator and Prime is a non-operated JV partner. Activity commencement in both blocks is pending regulatory formalities.

Growth Projects

Mega Motor Company (MMC) expanded its portfolio with the BYD Shark6 Plug-in Hybrid Electric Vehicle (PHEV) launched in July 2025.
Positive market response strengthens MMC’s position in the growing New Energy Vehicle (NEV) segment.
HUBCO Green (Private) Limited operates 10 DC fast chargers across Karachi, Lahore, and Islamabad, with 2 more in commissioning.
Phase 1 of highway EV charger network (Karachi to Peshawar via Hyderabad, Moro, Sukkur, Zahir Pir) is underway; commissioning planned by October 31, 2025.
Phase 2 (Multan to Peshawar) expected in Q3 FY 2025-26.

Mineral Exploration

Through Ark Metals (Pvt.) Limited, HUBCO is exploring mineral mine development opportunities in Balochistan.

Early results show significant mineralization, encouraging HUBCO to pursue resource development in this high-potential region.

https://dps.psx.com.pk/download/document/264238.pdf