Lalpir Power plunges into the red with loss in CY25

April 01, 2026 (MLN): Lalpir Power Limited (PSX: LPL) reported a massive downturn for the year ended 2025, swinging to a net loss of Rs815.82m compared to a net profit of Rs464.79m in the previous year.

Consequently, the company's earnings per share (EPS) turned negative, posting a loss per share of Rs2.19 against an EPS of Rs1.22 in the corresponding period last year.

The primary catalyst for this severe financial contraction was a complete halt in core operational revenue.

The company recorded no revenue from contracts with customers and nil cost of sales for the year, effectively wiping out its gross profit, which stood at Rs3.55bn in 2024.

Without top-line generation, the company's bottom line was battered by surging upkeep costs.

Plant maintenance and preservation costs skyrocketed to Rs1.74bn from Rs435.64m. While administrative expenses dropped by 60% to Rs94.34m and other expenses plunged 88% to Rs164.10m, these savings were not enough to offset the lack of operational income.

The company's only major saving grace at the operational level was a massive surge in other income, which brought in Rs1.46bn compared to just Rs186.12m last year.

Despite this massive influx of non-core income cushioning the blow, the company still posted an operating loss of Rs543.24m, a sharp reversal from the Rs1.70bn operating profit recorded in 2024.

Below the operating line, LPL found major relief as its finance costs were virtually eliminated, dropping to just Rs224,000 from a heavy Rs1.19bn burden last year.

After accounting for minor levies of Rs3.62m, the loss before taxation stood at Rs547.09m.

 The financial blow was then compounded by a substantially higher taxation charge of Rs268.74m, from the Rs20.46m paid last year. This heavy tax burden dragged the final bottom line deeper into the red, cementing the Rs815.82m net loss for the year.

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