KOHP incurs Rs3.5m FY26 loss

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.

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