NCPL posts Rs2.5bn profit in FY26

September 28, 2026 (MLN): Nishat Chunian Power Limited (PSX: NCPL) staged a massive turnaround for the fiscal year ended June 30, 2026, reporting a net profit of Rs2.48bn compared to a net loss of Rs3.38bn in the preceding year.

Alongside the financial results, the board recommended a final cash dividend of Rs1 per share.

Reflecting this complete bottom-line recovery, basic and diluted earnings per share (EPS) turned positive at Rs6.75, up from a loss per share (LPS) of Rs9.19 in FY25.

The primary catalyst behind the turnaround was a 69% surge in top-line customer revenue combined with the absence of previous year's heavy CPPA-G payable adjustments and strong associate income.

Net customer contract revenue grew to Rs9.43bn, up from Rs5.57bn in FY25. Although cost of sales expanded by 133% to Rs7.95bn, gross profit stood at Rs1.47bn compared to Rs2.16bn in the prior year.

On the operational front, overheads grew to support commercial activity. Administrative expenses rose 34% to Rs477.08m and other expenses expanded to Rs251.03m. Sustained by "other income" of Rs911.12m, profit from operations settled at Rs1.66bn.

Furthermore, the company recorded a substantial Rs1.30bn share of net profit from an associate accounted for using the equity method. With controlled finance costs of Rs27.41m and statutory levies of Rs625 thousand, profit before taxation reached Rs2.93bn (reversing a pre-tax loss of Rs3.16bn).

The company absorbed a higher corporate taxation charge of Rs452.82m for the year (up from Rs219.37m in FY25).

Supported by a 69% top-line revenue expansion, non-recurrence of balance adjustments, and Rs1.30bn in associate returns, Nishat Chunian Power Limited securely closed the fiscal year in the black with a net profit of Rs2.48bn.

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