Pakgen Power’s 9MCY26 loss widens to Rs325m

October 29, 2026 (MLN): Net loss of Pakgen Power Limited (PSX: PKGP) widened 9.93% year-on-year to Rs325.50m for the nine months ended September 30, 2026, compared with Rs296.09m in the same period last year.

Loss per share (LPS) more than doubled to Rs1.69 from Rs0.80 in the corresponding period last year.

The wider loss came from lower gains on investments, a loss on initial recognition of an FVTOCI investment and new operating and administrative expenses. A lower loss from discontinued operations, a smaller levy and a lower tax charge partly cushioned the impact.

Gain on sale of investments (net) fell 42.78% to Rs448.57m from Rs783.90m, and unrealized gain on re-measurement of short-term investments (net) dropped 79.93% to Rs99.72m from Rs496.77m. Other income declined 63.27% to Rs8.71m from Rs23.72m. Return on investments more than doubled to Rs37.53m from Rs18.14m.

The company also booked a loss of Rs180.64m on initial recognition of an investment at fair value through other comprehensive income, with no such item last year.

Operating and administrative expenses stood at Rs195.98m, with none in the same period last year.

As a result, profit from operations fell 83.52% to Rs217.92m from Rs1.32bn.

Finance cost declined 49.29% to Rs0.14m from Rs0.28m. Loss from discontinued operations narrowed 79.84% to Rs252.75m from Rs1.25bn, which kept the result at a loss before levy and taxation of Rs34.97m, against a profit of Rs68.26m last year.

Levy fell 83.62% to Rs8.69m from Rs53.01m, taking the loss before taxation to Rs43.65m, against a profit before taxation of Rs15.24m last year.

Taxation declined 9.47% to Rs281.85m from Rs311.34m, which left the net loss at Rs325.50m.

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