Karachi: Engro Holdings Limited announced its financial results for the half year ending June 30, 2025, with notable developments in its strategic operations. The Board of Directors, after their meeting on August 27, approved the unaudited consolidated and standalone financial statements, highlighting the company’s financial recalibrations.
In a significant corporate update, Engro Energy Limited terminated its Share Purchase Agreements related to thermal energy assets as of April 5, 2025. The agreements were nullified due to unmet conditions by the set deadline. Consequently, these assets, previously classified as held for sale, have been reclassified in alignment with International Financial Reporting Standard 5. This led to a reversal of previous accounting impacts, ultimately recording adjustments amounting to Rs. 53,756 million in the consolidated financial statements.
According to information available from the Pakistan Stock Exchange (PSX), Engro Holdings Limited reported a consolidated profit after tax of Rs. 73.32 billion for the period, reflecting adjustments from the remeasurement of thermal energy assets. The profit attributable to owners stood at Rs. 35.57 billion, resulting in earnings per share of 29.54. The financial results, however, did not include any cash dividends, bonus shares, or additional entitlements.
Further, the company reported the amalgamation of Deodar (Private) Limited into its structure, following the Islamabad High Court’s sanction on May 23, 2025. The merger, effective June 3, 2025, transferred Pakistan Mobile Communications Limited’s shareholding in Deodar to Engro Connect (Private) Limited, making the latter a wholly owned subsidiary.
The consolidated statement of financial position as of June 30, 2025, showed total assets amounting to Rs. 1.03 trillion, marking a Big move from the previous year-end total of Rs. 769.34 billion. Non-current assets, including property, plant, and equipment, stood at Rs. 538.23 billion, while current assets rose to Rs. 338.23 billion.
Engro Holdings Limited, previously known as Dawood Hercules Corporation Limited, continues to maneuver through strategic shifts, reinforcing its market position within the designated market category. The company’s latest financial disclosures underscore a pivotal phase in its operational and financial trajectory.