Lahore: Mughal Energy Limited reported its financial outcomes for the quarter ending September 30, 2026, as the company navigated the transition to commercial operations following the successful commissioning of its 31.50 MW turbine. The company's financial report, released on October 29, 2026, highlighted this period as a pivotal moment marked by the start of electricity generation and supply to its holding company, Mughal Iron & Steel Industries Limited.

During this quarter, the company achieved a revenue of Rs. 274.60 million. The main turbine commenced operations on August 31, 2026, achieving a 68% plant factor in its initial phase, which contributed to a reported loss after taxation of Rs. 15.06 million, compared to a loss of Rs. 1.86 million in the same quarter the previous year. This translated to a loss of Rs. 0.08 per share.

Mughal Energy Limited secured additional long-term financing of Rs. 250.00 million from Pak Brunei Investment Company Limited to further support its hybrid power plant project. According to information available from the Pakistan Stock Exchange (PSX), the company's financials also accounted for operating expenses, depreciation, and finance costs as per applicable accounting standards.

Looking forward, the company aims to enhance plant efficiency, optimize fuel consumption, and ensure a reliable and uninterrupted power supply. The extension of the solar power facility lease until February 28, 2027, aligns with these objectives. Management remains focused on leveraging increased electricity generation and improved capacity utilization to bolster future performance.

The Board of Directors of Mughal Energy Limited expressed gratitude to all stakeholders, including employees, management, financial institutions, and shareholders, for their support during the development and commissioning phases of the project, underlining their commitment to the company's long-term financial and operational sustainability.