Lahore: Mughal Energy Limited has released its un-audited condensed interim financial statements for the nine-month period ending March 31, 2025. The company reported a loss of Rs. 12.41 million for the period, compared to a loss of Rs. 15.75 million in the same period in 2024. The loss per share, both basic and diluted, was Rs. 0.06, down from Rs. 0.09 the previous year.

The company, categorized under the energy market, has yet to commence its commercial operations. The financial results reflect expenditures primarily related to salaries and routine operational expenses. Mughal Energy Limited remains optimistic about its financial future, anticipating profitable results once commercial operations commence.

According to information available from the Pakistan Stock Exchange (PSX), Mughal Energy Limited is in the process of installing a 36.50 MW captive hybrid power plant project. The civil works for the project have been completed, and the commissioning process is set to begin shortly. The company expects the Commercial Operations Date (CoD) to occur in the final quarter of the fiscal year 2025.

Looking ahead, the company is focused on the timely initiation of operations for its power plant project. The Board of Directors expressed their commitment to providing sustained returns to shareholders and maintaining the company's reputation for good governance. The board also extended gratitude to stakeholders for their support and emphasized the importance of continued collaboration in achieving the company's operational goals.