Lahore: The Board of Directors of Mughal Energy Limited has announced the audited financial results for the fiscal year ended June 30, 2026, which were approved during a meeting held on September 11, 2026, in Lahore. The company reported a profit of 9,132,455 rupees for the year, a notable improvement from a loss of 21,280,023 rupees in the previous fiscal year.

The company's financial statements reveal that despite no significant cash dividends, bonus shares, or right shares being declared, Mughal Energy managed to achieve profitability primarily through an increase in other income, which surged to 80,582,355 rupees from 8,107,954 rupees in the previous year. The administrative expenses for the year amounted to 50,291,791 rupees, while the finance cost increased to 20,322,899 rupees.

According to information available from the Pakistan Stock Exchange (PSX), Mughal Energy's earnings per share improved to 0.05 rupees from a loss of 0.11 rupees per share in the prior year, indicating a significant move in the company's financial performance.

The Annual General Meeting of the company is scheduled to take place on October 22, 2026, at the Avari Hotel in Lahore. The share transfer books will remain closed from October 13 to October 22, 2026, ensuring that members who wish to attend and vote at the meeting have sufficient time to complete necessary transactions.

On the balance sheet front, Mughal Energy's total assets increased to 12.02 billion rupees from 7.24 billion rupees, with the company's non-current assets, including property, plant, and equipment, valued at 9.23 billion rupees. Current assets saw a substantial rise, largely due to inventories and amounts due from the government.

The equity contribution from directors remained steady at 214.67 million rupees, while the company's liabilities increased significantly to 7.97 billion rupees from 3.80 billion rupees, with a noticeable increase in short-term loans from directors and their relatives.

The company plans to release its Annual Report via PUCARS at least 21 days before the Annual General Meeting, ensuring transparency and timely dissemination of information to its stakeholders.