Lalpir Power Limited (LPL) reported loss per share of PKR 2.15 for CY25, compared to earnings per share of PKR 1.22 in FY24. Furthermore, in 1QCY26, the company reported earnings per share of PKR 0.73, compared to loss per share of PKR 1.22 in the same period last year (SPLY).
The Power Purchase Agreement for LPL was officially terminated on October 1, 2024. Following the termination, the company is currently in the process of dismantling and disposing of its 350MW steam based power plant along with the associated infrastructure and buildings.
Management is seeking shareholder approval to change the company’s name and amend its principal business object, reflecting its strategic transition away from the power generation business. Upon termination of the PPA, the company received PKR 12.35 bn. As of December 30, 2024, LPL held surplus investments amounting to PKR 9.1 billion. During the period, the company’s primary source of income was profit earned on mutual funds, which contributed approximately PKR 1.45 bn. LPL successfully completed a buyback of 100 million shares, reducing the company’s total share capital from PKR 3.79 billion to PKR 2.79 billion.
While shareholders have approved the sale of the plant and related structures, management clarified that there are currently no plans to sell the land or convert it into a housing society. The land will remain under the ownership of the company.
Important Disclosures
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