Karachi: Tri-Star Power Limited (TSPL) held its Corporate Briefing Session for 2025, revealing significant operational challenges and financial metrics for the year ended June 30, 2025. The company, which has traditionally engaged in power generation and the lease of power-generating plants, reported a series of setbacks primarily due to external supply issues.

TSPL disclosed that its plant, currently leased to an associated concern, has been rendered non-operational because of the stoppage of gas supply by Sui Southern Gas Company (SSGC). As a consequence, the company has been unable to charge rental fees for the plant, which further challenges its financial stability. The plant itself is reported to be old and requires extensive maintenance, adding to the financial burden. TSPL is exploring alternative or renewable energy sources as a potential solution, though this shift will necessitate fresh investment.

Financially, TSPL's results indicate a challenging year. Reserves decreased to Rs. 23,678,692 from Rs. 36,106,508 in the previous year, while the net loss reported for the year stood at Rs. (10,317,806), marking a continued trend of financial difficulties. Accumulated losses have deepened to Rs. (49,279,528), a substantial decline from the previous year's Rs. (38,961,722).

According to information available from the Pakistan Stock Exchange (PSX), the market value of TSPL's investments recorded a minor move, closing at Rs. 81,263,065 compared to Rs. 83,373,075 in the preceding year. Fixed assets have been reduced to Rs. 2,577,205, and the company's net assets have decreased to Rs. 173,678,692.

The company has not recorded any sales for the fiscal year, following Rs. 5,000,000 in sales during 2024, and lease rental income was absent, contrasting with Rs. 6,079,644 recorded previously. The current ratio stands at 2.61, reflecting a decline from 3.41 in 2024. Similarly, the net profit ratio, a key indicator of profitability, fell to (214.78%).

Despite these challenges, TSPL maintains a vision of continuing its core operations in power generation, distribution, and supply of electricity, with a focus on leasing power-generating plants. Managed by a team of motivated professionals, the company remains committed to compliance and governance, adhering to all external rules and internal controls as it navigates these operational hurdles.