Karachi: Saif Power Limited released its financial results for the second quarter ending June 30, 2026, revealing a profit of 2.72 million rupees. Despite this positive performance, the company announced no cash dividends, bonus shares, or right shares, maintaining its position from previous periods. The Board of Directors, in their meeting held on August 24, 2026, decided against any new entitlements or corporate actions, keeping all other price-sensitive information unchanged.

The financial figures detail a decrease in both turnover and cost of sales compared to the same period last year. For the three months ending June 30, 2026, Saif Power Limited reported a net turnover of 1.64 billion rupees, down from 3.06 billion rupees the previous year. Similarly, the cost of sales fell to 1.52 billion rupees from 3.25 billion rupees. According to information available from the Pakistan Stock Exchange (PSX), the gross profit for this quarter amounted to 112.17 million rupees, contrasting with a loss of 194.76 million rupees in the corresponding period in 2025.

The company's balance sheet further highlights the financial dynamics over the six-month period ending June 30, 2026. Total equity decreased slightly to 10.18 billion rupees from 10.41 billion rupees as of December 31, 2025. Meanwhile, total liabilities increased to 7.75 billion rupees, up from 6.73 billion rupees at the end of last year. The current liabilities, in particular, grew from 6.06 billion rupees to 7.74 billion rupees, reflecting an increase in short-term borrowings and trade payables.

For the six months ending June 30, 2026, the company posted a net profit of 60.48 million rupees, recovering from a net loss of 95.75 million rupees in the same period the previous year. Earnings per share stood at 0.16 rupees, contrasting with a loss per share of 0.25 rupees in the first half of 2025. Despite these improvements, Saif Power Limited's administrative expenses and finance costs remain significant, with the latter totaling 282.77 million rupees for the first half of 2026.

In terms of assets, the company reported non-current assets valued at 10.50 billion rupees, with property, plant, and equipment accounting for a substantial portion at 9.29 billion rupees. Current assets were reported at 7.43 billion rupees, reflecting an increase from the previous year's 6.18 billion rupees, attributed to higher trade and other receivables.

The designated market category for Saif Power Limited remains unchanged, as the company navigates its financial landscape in the second quarter of 2026 without introducing new shareholder incentives or corporate actions.