SPWL turns to loss in first half of 2025

MG News | August 28, 2025 at 03:09 PM GMT+05:00

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August 28, 2025 (MLN): Saif Power Limited (PSX: SPWL) posted a loss of Rs95.75 million for the six months ended June 30, 2025, compared to a profit of Rs518.8m in the same period last year.

The company’s earnings per share (EPS) fell to a negative Rs0.25 from Rs1.34 in the prior year.

Net turnover increased 30.53% to Rs4.77 billion, while the cost of sales more than doubled to Rs4.45bn, leading to a sharp decline in gross profit to Rs317.22m from Rs1.45bn previously.

Other income surged 1,819% to Rs112.96m, partly offsetting higher expenses.

Administrative expenses rose 13.94% to Rs166.54m, and operating profit dropped 79.91% to Rs263.65m.

Finance costs fell 54.69% to Rs359.4m, but the company still recorded a net loss before tax of Rs95.75m for the period.

Statement of Profit and Loss for the Six Months Ended June 30, 2025 (Rs)
Particulars	Jun-25	Jun-24	%Change
Turnover - net	4,769,713,144	3,654,055,883	30.53%
Cost of sales	(4,452,491,629)	(2,201,746,430)	102.23%
Gross profit	317,221,515	1,452,309,453	-78.16%
Other income	112,963,743	5,884,804	1819.58%
Administrative expenses	(166,535,975)	(146,166,492)	13.94%
Operating profit	263,649,283	1,312,027,765	-79.91%
Finance cost	(359,401,423)	(793,232,044)	-54.69%
(Loss) / Profit before levy & income tax	(95,752,140)	518,795,721
(Loss) / Profit before income tax	(95,752,140)	518,795,721
(Loss) / Profit for the period	(95,752,140)	518,795,721
(Loss) / Earning per share - basic & diluted	(0.25)	1.34

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