Islamabad: Kohinoor Energy Limited has reported a decrease in its net profit for the financial year ending June 30, 2025, according to its recently released annual report. The company recorded a net profit after tax of Rs. 724 million, a significant decline from Rs. 1,600 million in the previous year. The corresponding earnings per share dropped from Rs. 9.44 to Rs. 4.27.

The company's sales for the fiscal year 2024-25 amounted to Rs. 4.33 billion, compared to Rs. 10.01 billion the prior year, primarily due to lower electricity dispatch. Despite this, reduced maintenance costs and currency devaluation helped support profits. The company’s electricity dispatch declined from 207,615 MWh in the previous year to 76,156 MWh, reflecting a lower capacity factor of 7.01%.

According to information available from the Pakistan Stock Exchange (PSX), the interim dividend of 70% was declared in September 2024 and subsequently paid in October 2024. This interim dividend amounted to Rs. 7.00 per share for the financial year 2024-25.

The annual general meeting of shareholders is scheduled to take place on October 27, 2025, at the Islamabad Club. During this meeting, shareholders will confirm the minutes of the previous annual general meeting, receive and adopt the annual audited accounts, and appoint auditors for the ensuing year.

During the fiscal year, Kohinoor Energy Limited entered into an amendment agreement with the Central Power Purchasing Agency Guarantee Limited, extending the Power Purchase Agreement by 161 days to November 27, 2027. The extension was part of a settlement over disputed liquidated damages.

The company has navigated a challenging business environment while maintaining operations with a workforce of nearly 100 professionals, engineers, and skilled employees. Despite operational challenges, the plant passed the Annual Dependable Capacity Test at a higher capacity than the contractual obligation, demonstrating strong technical performance.

Kohinoor Energy Limited's board-approved risk management policies cover various financial risks, including foreign exchange and interest rate fluctuations. The company remains committed to delivering value and consistent returns to its shareholders under the guidance of its Board of Directors and management team.