Karachi: Saif Power Limited announced its financial results for the second quarter ending June 30, 2025, revealing a significant financial downturn. The company, in its board meeting on August 28, 2025, reported a substantial decline in net profit and operating profit compared to the same period last year.
According to the financial statement, the company’s turnover increased, but the cost of sales escalated even further, leading to a drastic reduction in gross profit. The gross profit for the half-year stood at 317.22 million rupees, a very large or significant move down from 1.45 billion rupees in the corresponding period of 2024. This decline is mirrored in the operating profit, which saw a very large or significant move downward from 1.31 billion rupees in the previous year to 263.65 million rupees in 2025.
The board of directors recommended no cash dividend, bonus shares, or right shares for the quarter. Notably, they suggested enhancing a long-term loan by 400 million rupees to Saif Textile Mills Limited, an associated company. The board also proposed extending the grace period for the repayment of principal installments by one and a half years while maintaining the existing maturity date of September 27, 2032.
The company’s other income rose to 112.96 million rupees, marking a moderate move upward from the previous year’s figure. Administrative expenses increased as well, reflecting a minor move upward from the previous year’s expenses.
According to information available from the Pakistan Stock Exchange (PSX), the company’s shares witnessed a moderate move in terms of earnings per share, decreasing to 0.25 rupees from 1.34 rupees in the first half of 2024. The finance cost saw a big move downward, reducing from 793.23 million rupees to 359.40 million rupees, suggesting effective cost management despite the challenging financial landscape.
The company’s financial trajectory underscores the challenging market conditions and strategic financial adjustments necessary to sustain operations amidst fluctuating economic circumstances.