KAPCO’s profit jumps over 100 folds in 1QFY27

October 23, 2026 (MLN): Kot Addu Power Company Limited (PSX: KAPCO) reported a more than 100-fold increase in its net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs499.79m compared to Rs4.88m in the corresponding period last year.

Reflecting this significant bottom-line recovery, basic and diluted earnings per share (EPS) for the quarter expanded to Rs0.57, up from Rs0.01 in 1QFY26.

The primary catalyst driving the quarter's strong financial turnaround was a 2.8X expansion in revenue along with a return to positive gross profit.

Total revenue for the quarter rose to Rs11.72bn, up from Rs4.16bn in 1QFY26. Cost of sales stood at Rs11.69bn (compared to Rs4.99bn in 1QFY26), enabling the company to record a gross profit of Rs38.79m, reversing a gross loss of Rs831.40m incurred in the prior-year period.

On the operational front, administrative expenses contracted 36% to Rs141.13m (down from Rs221.47m in 1QFY26). While other income moderated to Rs922.45m (down from Rs1.29bn), operating performance was reinforced by a Rs397.42m share of net profit from equity-accounted investments.

Below the operating line, KAPCO absorbed increased financial charges as finance costs expanded to Rs427.16m (compared to Rs5.02m in 1QFY26). After accounting for statutory minimum and final tax levies of Rs146.56m, profit before taxation surged 191% to Rs614.96m.

The company recorded a corporate income tax charge of Rs115.18m for the quarter (down 44% from Rs206.24m in 1QFY26). Backed by strong top-line revenue recovery, gross turnaround, and associate profit contributions, Kot Addu Power Company Limited securely closed the three-month period with its net profit reaching Rs499.79m

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