Karachi: Sitara Energy Limited has disclosed a substantial decrease in its annual profit for the fiscal year ending June 30, 2026, as detailed in its latest annual report released on October 14, 2026. The company reported a net profit of 36.29 million rupees, a significant move from the previous year's profit of 167.14 million rupees, marking a very large or significant move in its financial performance.

The company's sales plummeted to 33.20 million rupees from the previous year's 176.07 million rupees. This decline in sales was accompanied by a reduction in the cost of generation, which stood at 46.69 million rupees, down from 214.66 million rupees in 2025. The gross loss for the year was recorded at 13.49 million rupees, compared to a loss of 38.59 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Energy Limited's capital structure remained largely unchanged. The issued, subscribed, and paid-up capital was consistent at 190.92 million rupees, with a capital reserve in share premium maintained at 143.19 million rupees. Revenue reserves saw a moderate move with an increase to 1.04 billion rupees from 1.00 billion rupees in the prior year.

The company's total non-current liabilities decreased significantly to 359.88 million rupees from 497.16 million rupees. This was largely due to a reduction in long-term financing, which shrank to 38.15 million rupees from 150.47 million rupees, indicating a very large or significant move.

Sitara Energy's current liabilities also saw a decrease to 882.05 million rupees from 1.06 billion rupees, with the most notable change being the elimination of short-term bank borrowings, which stood at 259.66 million rupees in 2025 but were non-existent in 2026.

Current assets were reported at 998.06 million rupees, a minor move from the previous year's 1.03 billion rupees. The company's cash and bank balances saw a very large or significant move, increasing to 71.80 million rupees from 25.96 million rupees.

The earnings per share (EPS) saw a significant decrease, recorded at 1.90 rupees per share, compared to 8.75 rupees per share in 2025, reflecting the company's reduced profitability over the year.