Lahore: Pakgen Power Limited has reported a significant financial downturn for the fiscal year ending December 31, 2025, as revealed during its corporate briefing session on May 20, 2026. The company disclosed a comprehensive loss of Rs 333.08 million, a sharp contrast to the profit of Rs 4.47 billion recorded in the previous year.
The company’s revenue plummeted to Rs 925.41 million from Rs 11.32 billion in 2024, marking a very large move. This stark decline in revenue has significantly impacted the profit margins, with the gross profit dropping from Rs 5.35 billion in 2024 to Rs 397.70 million in 2025. Administrative expenses were reduced to Rs 262.24 million from Rs 432.35 million, and other expenses saw a reduction to Rs 185.04 million from Rs 1.43 billion.
According to information available from the Pakistan Stock Exchange (PSX), the finance cost decreased to Rs 359,000 from Rs 40.38 million, and the taxation expense increased to Rs 464.92 million from Rs 278.37 million, contributing to the overall financial loss. The company’s earnings per share also reflected this downturn, decreasing from Rs 12.01 in 2024 to a loss of Rs 0.92 in 2025.
Despite the financial challenges, Pakgen Power Limited reported a notable increase in cash generated from operations, which rose to Rs 15.41 billion from Rs 3.14 billion in the previous year. However, substantial cash outflows were recorded in financing activities, where Rs 10.19 billion was spent on ordinary shares buyback and Rs 737.84 million on dividend payments, resulting in net cash used of Rs 10.93 billion.
Additionally, the company announced the full payment of receivables amounting to Rs 13.36 billion by the Central Power Purchasing Agency (CPPA) as of January 30, 2025. A waiver of late payment interests totaling Rs 2.32 billion, which included Rs 1.16 billion invoiced and Rs 1.16 billion accrued, was also disclosed.
Pakgen Power Limited retains ownership of its complex and site, which is currently in the process of disposal. This strategic decision is part of the company’s ongoing efforts to optimize its asset portfolio amid the challenging market conditions.