Lahore: Altern Energy Limited, a key player in the energy sector, has reported its financial results for the three-month period ending September 30, 2026, showing a continued decline in revenue and an increase in losses compared to the previous year. The company's condensed interim unconsolidated statement of profit or loss reveals significant financial challenges during this period.

For the quarter ended September 30, 2026, Altern Energy Limited posted no revenue, a stark contrast to the 34,225 thousand rupees reported in the same period last year. Direct costs were reduced to 11,181 thousand rupees from 61,375 thousand rupees, resulting in a gross loss of 11,181 thousand rupees, compared to 27,150 thousand rupees in 2025. Despite the reduction in direct costs, the absence of revenue contributed to the financial strain.

Administrative expenses rose to 25,126 thousand rupees, up from 13,608 thousand rupees in the previous year, which further exacerbated the company's financial position. Other income showed a slight increase to 2,441 thousand rupees from 2,239 thousand rupees, while finance costs were drastically reduced to just 4 thousand rupees from 2,464 thousand rupees, reflecting a shift in financial management.

The loss before income tax and final tax stood at 33,871 thousand rupees, compared to 40,982 thousand rupees in the previous year. Taxation - final tax increased to 521 thousand rupees from 314 thousand rupees. Consequently, the loss before income tax for the period was recorded at 34,392 thousand rupees, a decrease from the 41,296 thousand rupees of the prior year.

Taxation - income tax was reported at 103 thousand rupees, slightly down from 133 thousand rupees, resulting in a total loss for the period of 34,495 thousand rupees compared to 41,430 thousand rupees in 2025. The loss per share, both basic and diluted, was recorded at 0.09 rupees, a minor move from 0.11 rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), the financial report underscores the challenges faced by Altern Energy Limited in maintaining profitability amidst fluctuating market conditions and operational costs. The company's financial trajectory highlights the need for strategic adjustments to navigate the evolving energy market landscape.