Lalpir Power reports half-year loss amid absence of revenue

August 29, 2025 (MLN): Lalpir Power Limited (PSX: LPL) shared its financial results for the half year ended June 30, 2025, posting a loss after tax of Rs695 m compared to a profit of Rs3.05 billion in the same period last year. This translated into a loss per share (LPS) of Rs1.83, against an EPS of Rs8.03 in 1HFY24.

The company reported no revenue during the half year, compared to Rs13.46bn in 1HFY24. Consequently, there was no gross profit, against Rs3.96bn recorded last year.

Operating performance weakened, with plant maintenance and preservation costs of Rs1.09 billion. Administrative expenses stood at Rs70m, down 42% YoY, while other expenses reduced to Rs1.9m.

Lalpir booked other income of Rs625m, sharply higher than Rs11m last year, but still insufficient to offset the decline in topline.

The company recorded a loss from operations of Rs534m, compared to a profit of Rs3.85bn in the same period last year.

Finance costs dropped to Rs0.1m from Rs801m in 1HFY24, providing some relief. However, after accounting for levy of Rs32m and taxation of Rs129m, Lalpir Power ended the period with a net loss.

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