Faisalabad: Sitara Energy Limited, a key player in the energy sector, has released its financial results for the fiscal year ending June 30, 2025. The company’s Board of Directors convened on November 7, 2025, in Faisalabad to review and approve the annual financial statements, which revealed a notable performance in operating activities despite no dividends or bonus shares declared.
The financial statements indicate that Sitara Energy achieved a profit before levies and income tax of 172.43 million rupees, a substantial increase from the previous year’s 68.97 million rupees. The company also reported depreciation expenses on property, plant, and equipment amounting to 22.79 million rupees, alongside a depreciation of investment property valued at 24.63 million rupees.
The company’s operating cash flows before working capital changes stood at a deficit of 55.69 million rupees, compared to a deficit of 11.89 million rupees in the previous year. Adjustments in working capital, including a decrease in trade debts (114.21 million rupees) and an increase in stock of oil and lubricants (112.71 million rupees), contributed to cash used in operating activities amounting to 123.31 million rupees. Consequently, the net cash used in operating activities was reported at 134.39 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), Sitara Energy’s investing activities generated a positive cash flow of 184.30 million rupees, although this represents a decrease from the previous year’s 338.39 million rupees. Key inflows included the disposal of investment property generating 213.96 million rupees, while the company also made additions to property, plant, and equipment totaling 62.62 million rupees.
In terms of financing, the company experienced a net cash outflow of 313.52 million rupees, primarily due to the repayment of long-term financing and a decrease in short-term bank borrowings by 172.00 million rupees. As a result, Sitara Energy reported a net decrease in cash and cash equivalents by 263.60 million rupees, ending the year with a cash position of 25.95 million rupees.
The Annual General Meeting is scheduled for November 27, 2025, in Karachi, where shareholders will discuss these results. The share transfer books will remain closed from November 21 to November 27, 2025, for this purpose. The company’s annual report will be disseminated through the PUCARS system.
Sitara Energy’s financial position at the end of the fiscal year shows a stable footing with total non-current assets of 1.80 billion rupees and current assets of 1.18 billion rupees. Despite the challenges, the company’s strategy to manage its cash flow and investment activities appears to sustain its operational and financial stability.