Lahore: Nishat Power Limited has announced its financial results for the fiscal year ending June 30, 2026, marking a significant improvement in its financial health. The report was made available on October 1, 2026, through the Pakistan Unified Corporate Action Reporting System (PUCARS) and is accessible on the company's website.

The statement of financial position reveals that Nishat Power Limited's total equity increased to 29.90 billion rupees from 27.98 billion rupees in the previous year. The authorized share capital remains unchanged at 5 billion rupees, with an issued, subscribed, and paid-up share capital of 3.54 billion rupees. Additionally, reserves rose to 26.36 billion rupees from 24.43 billion rupees.

Liabilities saw a notable increase, with total liabilities amounting to 5.62 billion rupees, up from 1.18 billion rupees in 2025. The non-current liability included a deferred income tax liability of 185.68 million rupees, a new entry for this fiscal year. Current liabilities surged significantly, primarily due to short-term borrowings which climbed to 4.91 billion rupees from 719.90 million rupees, accompanied by an increase in trade and other payables.

According to information available from the Pakistan Stock Exchange (PSX), Nishat Power Limited experienced a substantial rise in revenue. The revenue from contracts with customers reached 11.02 billion rupees, compared to 7.06 billion rupees in the previous year, reflecting a very large or significant move. However, the cost of sales also rose to 9.64 billion rupees from 4.40 billion rupees, resulting in a decrease in gross profit to 1.38 billion rupees from 2.66 billion rupees.

Administrative and other expenses increased to 1.02 billion rupees from 611.08 million rupees. Despite this, other income remained robust at 1.45 billion rupees. The profit from operations decreased to 1.81 billion rupees from 3.52 billion rupees, while finance costs rose to 70.02 million rupees from 43.41 million rupees.

A notable development in the financial year was the share of net profit from an associate, which contributed 1.30 billion rupees, resulting in a profit before levy and taxation of 3.04 billion rupees, compared to a loss of 375.70 million rupees the previous year. After accounting for taxation of 555.40 million rupees, the profit after taxation stood at 2.48 billion rupees, marking a significant turnaround from a loss of 746.78 million rupees in 2025.

The company's earnings per share also saw a dramatic change, rising to 7.01 rupees from a loss of 2.11 rupees per share. This financial turnaround reflects Nishat Power Limited's strategic measures to enhance its operational and financial performance over the past year.