KOHP incurs Rs3.5m FY26 loss
MG News | October 05, 2026 at 02:32 PM GMT+05:00
October 05, 2026 (MLN): Kohinoor Power Company Limited (PSX:
KOHP) swung into an after-tax loss of Rs3.47m for the fiscal year ended
June 30, 2026, compared to a net profit of Rs10.92m in the preceding
year.
Reflecting this bottom-line decline,
basic and diluted earnings per share (EPS) turned negative to a loss per share
(LPS) of Rs0.28, down from an EPS of Rs0.87 in FY25.
The primary factor driving the net
loss was a sharp swing in taxation.
While core operations improved rental
income expanded 52% year-on-year to Rs10.22m (up from Rs6.74m in FY25) and
direct costs were managed at Rs4.74m, gross profit rose 121% to Rs5.48m
compared to Rs2.48m in the prior year.
On the operational front,
administrative expenses remained stable at Rs2.02m. Combined with lower
"other expenses" of Rs127.8 thousand and "other
income" of Rs1.73m, operating profit expanded 82% to Rs5.07m
(up from Rs2.79m in FY25).
Below the operating line, finance
charges were nominal at Rs3,816. After accounting for statutory levies
provision of Rs1.15m, profit before income taxes rose 45% to Rs3.92m.
However, final results were dragged
into negative territory by income tax provisions. While FY25 benefited from a
tax provision reversal credit of Rs8.22m, FY26 absorbed a direct income tax
charge of Rs7.39m.
This tax swing erased operational
gains, leading Kohinoor Power Company Limited to close the fiscal year with an
after-tax loss of Rs3.47m.
|
STATEMENT OF PROFIT OR
LOSS FOR THE YEAR ENDED JUNE 30, 2026 (Rs.) |
|||
|
Description |
2026 |
2025 |
change % |
|
Rental
income |
10,220,441 |
6,742,067 |
51.6% |
|
Direct
Cost |
(4,737,760) |
(4,264,178) |
11.1% |
|
Gross
profit |
5,482,681 |
2,477,889 |
121.3% |
|
Other
income |
1,734,968 |
2,766,370 |
-37.3% |
|
Administrative expenses |
(2,020,525) |
(1,944,756) |
3.9% |
|
Other expenses |
(127,795) |
(512,577) |
-75.1% |
|
Operating expenses
subtotal |
(2,148,320) |
(2,457,333) |
-12.6% |
|
Operating profit |
5,069,329 |
2,786,926 |
81.9% |
|
Finance costs |
(3,816) |
(470) |
711.9% |
|
Profit before levies and
income taxes |
5,065,513 |
2,786,456 |
81.8% |
|
Provision for levies |
(1,146,027) |
(86,376) |
1226.8% |
|
Profit before income
taxes |
3,919,486 |
2,700,080 |
45.2% |
|
Provision for income
taxes |
(7,388,193) |
8,218,495 |
Turnaround |
|
(Loss)/profit after
income taxes |
(3,468,707) |
10,918,575 |
Turnaround |
|
Basic (loss)/earnings
per share |
(0.28) |
0.87 |
Turnaround |
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