NPL rebounds to Rs2.5bn profit in FY26

September 28, 2026 (MLN): Nishat Power Limited (PSX: NPL) staged a sharp turnaround for the fiscal year ended June 30, 2026, reporting a net profit of Rs2.48bn compared to a net loss of Rs746.78m in the preceding year.

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

Reflecting this profit recovery, basic and diluted earnings per share (EPS) turned positive at Rs7.01, up from a loss per share (LPS) of Rs2.11 in FY25.

The primary catalyst behind the turnaround was a 56% surge in net top-line revenue alongside the absence of previous year's major payable adjustments and strong associate contributions.

Customer contract revenues grew to Rs11.02bn, up from Rs7.06bn in FY25. Although cost of sales expanded 119% to Rs9.64bn, gross profit settled at Rs1.38bn (down from Rs2.66bn in FY25).

On the operational front, administrative expenses rose 17% to Rs637.18m and other expenses expanded to Rs386.59m.

Sustained by "other income" of Rs1.45bn, operating profit stood at Rs1.81bn.

Furthermore, performance was heavily boosted by a Rs1.30bn share of net profit from an associate accounted for using the equity method.

Controlled finance costs of Rs70.02m and statutory levies of Rs1.07m allowed profit before taxation to reach Rs3.04bn (reversing a pre-tax loss of Rs381.27m).

After absorbing a corporate taxation charge of Rs555.40m (up from Rs365.51m in FY25), Nishat Power Limited securely closed the fiscal year in the black with a net profit of Rs2.48bn.

Copyright Mettis Link News