Karachi: Mughal Energy Limited has announced its financial results for the third quarter ending September 30, 2026, revealing a significant loss compared to the same period last year. The company reported a net loss of 15.06 million rupees for the quarter, a substantial increase from the 1.86 million rupees loss recorded in the third quarter of 2025.

The company's sales for the period reached 274.60 million rupees, while the cost of sales amounted to 236.54 million rupees, resulting in a gross profit of 38.06 million rupees. Despite this gross profit, Mughal Energy faced substantial administrative expenses of 12.55 million rupees, alongside other charges totaling 1.79 million rupees.

Notably, the company's finance cost surged to 56.14 million rupees from 4.67 million rupees in the previous year, marking a very large move. According to information available from the Pakistan Stock Exchange (PSX), this spike in finance costs significantly impacted the company's bottom line. Other income for the quarter stood at 17.36 million rupees, slightly below the 17.81 million rupees reported for the same period last year.

With no taxation reported for the quarter, the loss before taxation was also recorded at 15.06 million rupees. Consequently, the loss per share, both basic and diluted, was calculated at 0.08 rupees, compared to 0.01 rupees in 2025.

This financial disclosure places Mughal Energy Limited in a challenging position within the energy sector, as the company navigates through rising costs and financial pressures.