Nishat Power swings to Rs747m loss in FY25

MG News | September 29, 2025 at 03:31 PM GMT+05:00

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September 29, 2025 (MLN): Nishat Power Limited (PSX: NPL) reported a loss of Rs746.8 million for the year ended June 30, 2025, compared to a profit of Rs5.39 billion in the previous year, driven by a steep fall in revenues and lower margins.

Revenues plunged 68.6% year-on-year to Rs7.06bn, from Rs22.5bn in FY24, due to reduced dispatches and CPPA-G adjustments. Cost of sales dropped 74.7% to Rs4.39bn. As a result, gross profit declined 48.3% to Rs2.66bn, with the gross profit margin improving to 37.7% from 22.8% last year.

Administrative and other expenses increased 24.3% to Rs611m, while other income rose 36.4% to Rs1.47bn. Operating profit fell 38.6% to Rs3.52bn.

Finance costs grew 29% to Rs43.4m. Adjustments related to CPPA-G decreased 39% to Rs3.47bn, weighing further on results.

The company recorded a loss before taxation of Rs381.3m against a profit of Rs5.61bn in FY24. After taxation, the loss stood at Rs746.8m.

Earnings per share (EPS) dropped to negative Rs2.11, versus positive Rs15.22 last year.

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000)
Description	FY25	FY24	change%
REVENUE FROM CONTRACT WITH CUSTOMER	7,057,714	22,505,489	-68.6%
COST OF SALES	(4,399,559)	(17,365,234)	-74.7%
GROSS PROFIT	2,658,155	5,140,255	-48.3%
ADMINISTRATIVE EXPENSES	(543,637)	(482,393)	12.7%
OTHER EXPENSES	(67,445)	(9,068)	643.8%
Total Administrative/Other Expenses	(611,082)	(491,461)	24.3%
OTHER INCOME	1,471,099	1,078,822	36.4%
PROFIT FROM OPERATIONS	3,518,172	5,727,616	-38.6%
FINANCE COST	(43,411)	(33,643)	29.0%
ADJUSTMENTS TO BALANCE PAYABLE BY CPPA-G	3,474,761	5,693,973	-39.0%
Total (Loss) / Profit Before Levy and Taxation	(3,850,458)	-
(LOSS) / PROFIT BEFORE LEVY AND TAXATION	(375,697)	5,693,973
LEVY	(5,576)	(84,876)	-93.4%
(LOSS) / PROFIT BEFORE TAXATION	(381,273)	5,609,097
TAXATION	(365,509)	(219,523)	66.5%
(LOSS) / PROFIT AFTER TAXATION	(746,782)	5,389,574
(LOSS) / EARNINGS PER SHARE - BASIC AND DILUTED (RUPEES)	-2.11	15.22

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