Lahore: Altern Energy Limited has released its annual financial report for the year ending June 30, 2026, revealing notable fluctuations in its financial position compared to the previous year. The report was made public on October 5, 2026.

The unconsolidated statement of financial position shows a marked reduction in total assets, which stood at 3.68 billion rupees at the end of June 2026, down from 4.48 billion rupees in 2025. This reflects a very large or significant move of -17.84% in total assets. Non-current assets decreased to 3.23 billion rupees from 3.54 billion rupees, primarily due to a significant drop in the value of property, plant, and equipment. Current assets also saw a substantial decline, dropping from 939.36 million rupees to 162.62 million rupees, influenced by a reduction in short-term investments and bank balances.

Equity and liabilities recorded similar declines. The share capital and reserves fell to 3.64 billion rupees from 3.87 billion rupees, while non-current liabilities increased to 16.89 million rupees from 10.78 million rupees. Current liabilities showed a decrease from 598.25 million rupees to 21.02 million rupees, attributed mainly to the dividend payable category.

According to information available from the Pakistan Stock Exchange (PSX), Altern Energy Limited's revenue for 2026 was reported at 34.23 million rupees, while direct costs increased to 134.31 million rupees from 96.39 million rupees in 2025. This resulted in a gross loss of 100.08 million rupees, slightly higher than the previous year's gross loss.

The 2026 financial year presented a challenging environment, as administrative expenses rose to 67.23 million rupees from 49.26 million rupees, and other expenses significantly increased to 66.57 million rupees from 2.54 million rupees. Other income, however, dropped significantly from 5.96 billion rupees in 2025 to 12.50 million rupees in 2026.

The resulting loss before income tax and final tax was recorded at 226.26 million rupees, contrasting sharply with the previous year's profit of 5.81 billion rupees, signifying a very large or significant move. After accounting for taxation, the loss for the year stood at 227.40 million rupees, compared to a profit of 5.79 billion rupees in 2025.

In terms of earnings per share, the company reported a loss of 0.63 rupees per share, a stark departure from the earnings of 15.93 rupees per share reported in the prior year.

The financial results underscore significant challenges faced by Altern Energy Limited throughout the fiscal year, with major impacts observed across revenue streams, asset values, and overall profitability.