Nishat Power Limited (PSX: NPL) has returned to profitability, posting a net profit of Rs. 2.48 billion for fiscal year 2025-26, compared with a net loss of Rs. 746.78 million in the previous year.
The company’s board has recommended a final cash dividend of Rs. 1 per share. Earnings per share also improved to Rs. 7.01 in FY26 from a loss per share of Rs. 2.11 in FY25.
The turnaround was supported by a significant increase in revenue, higher other income and a contribution from an associate company. Revenue from contracts with customers rose 56% to Rs. 11.02 billion from Rs. 7.06 billion a year earlier.
However, cost of sales increased 119% to Rs. 9.64 billion, reducing gross profit to Rs. 1.38 billion from Rs. 2.66 billion. Administrative expenses increased 17% to Rs. 637.18 million, while other expenses reached Rs. 386.59 million.
Other income of Rs. 1.45 billion helped raise operating profit to Rs. 1.81 billion. The company also recorded Rs. 1.30 billion as its share of profit from an associate under the equity method.
Profit before tax stood at Rs. 3.04 billion, compared with a pre-tax loss of Rs. 381.27 million in FY25. After a tax charge of Rs. 555.40 million, Nishat Power recorded its Rs. 2.48 billion net profit.
Nishat Power operates a 200MW fuel-fired power plant in Jamber Kalan, Pattoki, Kasur, and is listed on the Pakistan Stock Exchange.
