Lalpir Power's 9MFY25 performance reverses to loss

October 24, 2025 (MLN): Lalpir Power Limited (PSX: LPL) reported a loss after taxation of Rs829.6m for the nine months ended September 30, 2025, a sharp reversal from a profit of Rs4.73bn in the corresponding period last year.

Loss per share stood at Rs2.18 compared to earnings per share of Rs12.47 in 9MFY24.

The company reported no revenue from contract with customer in 9MFY25, compared to Rs16.31bn in 9MFY24.

Cost of sales was absent in 9MFY25, compared to Rs10.36bn in the prior year.

Gross profit was nil in 9MFY25 against Rs5.95bn in 9MFY24.

Plant maintenance and preservation cost stood at Rs1.37bn in 9MFY25, which was absent in the prior period.

Administrative expenses declined 52% to Rs98m from Rs204.9m last year. Other expenses surged 4.8 times to Rs27.8m from Rs4.8m. Other income increased significantly, Rs894.2m from Rs17.8m in 9MFY24.

The company recorded a loss from operations of Rs603.9m, compared to an operating profit of Rs5.76bn in 9MFY24.

Finance costs dropped 100% to Rs220 thousand from Rs1.02bn in the previous year, providing significant relief during the non-operational period.

Loss/profit before levy and taxation stood at a loss of Rs604.1m compared to a profit of Rs4.73bn in 9MFY24. Levy amounted to Rs57.8m in 9MFY25, which was absent in the prior period.

Loss/profit before taxation stood at a loss of Rs661.9m compared to a profit of Rs4.73bn in 9MFY24.

Taxation reflected a reversal of Rs167.7m in 9MFY25.

The company concluded 9MFY25 with a total comprehensive loss of Rs829.6m.

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