Lahore: Kohinoor Energy Limited has announced its financial results for the fiscal year ending June 30, 2026, revealing a notable increase in both sales and net profit. The Annual Report, released on October 6, 2026, highlights the company's performance and ongoing legal challenges that may impact its financial standing.
The company, which operates a 124 MW furnace oil-fired power plant, reported sales of Rs. 6.36 billion for FY 2025-26, up from Rs. 4.33 billion in the previous year. This increase is attributed to higher electricity dispatch during the year. Kohinoor Energy Limited's net profit after tax stood at Rs. 743 million, compared to Rs. 724 million in FY 2024-25, resulting in earnings per share (EPS) of Rs. 4.39, a minor move from last year's EPS of Rs. 4.27.
Profit before taxation and levy was Rs. 744.738 million, while the tax and levy amounted to Rs. 1.320 million. The company's total comprehensive income for the year was Rs. 743.418 million, reflecting a stable financial position. The un-appropriated profit carried forward was Rs. 3.113 billion, an increase from Rs. 2.370 billion in the previous year.
The company's electricity dispatch for the year was 109,073 MWh, compared to 76,156 MWh last year. The capacity factor improved to 10.04% from 7.01%. Additionally, the plant successfully passed the Annual Dependable Capacity Test at 128.37 MW, exceeding its contractual capacity of 124 MW.
According to information available from the Pakistan Stock Exchange (PSX), Kohinoor Energy Limited has not recommended any cash dividends or bonus shares for the fiscal year. The board of directors has decided to retain earnings to bolster the company's financial foundation and support future investments aimed at enhancing long-term shareholder value.
The company is currently engaged in several tax litigations. The Appellate Tribunal Inland Revenue (ATIR) recently dismissed an appeal by the Tax Department regarding a demand of Rs. 184.13 million, confirming the deletion of the demand. In another case, ATIR annulled a sales tax demand of Rs. 231.57 million, with the company's appeal allowed in full. These cases remain subject to further legal proceedings, but management remains optimistic about favorable outcomes based on legal advice.
Kohinoor Energy Limited has challenged RLNG tariff adjustments totaling Rs. 6.4 million, with the matter pending in the Lahore High Court. The company has complied with court directions by depositing initial instalments while awaiting adjudication.
The company's risk management strategies, including policies for financial and operational risks, remain robust. The Quality & EHS Department oversees operational risks, ensuring compliance with international standards for safe plant operations. Financial risk management details are provided in the company's financial statements.
The company's stock market activities are categorized under the designated market category by the Pakistan Stock Exchange.