Nishat Power Limited recorded loss per share of PKR 2.11 in FY25, as compared to earnings of PKR 15.22 in FY24. The company recorded net sales of PKR 7.1 Bn, down 69% from PKR 22.5 Bn in FY24. During FY25, the company’s gross margin rose from 23% in FY24 to 38%.
Along with this, it saw its gross profit fall from PKR 5.1 Bn in FY24 to PKR 2.7 Bn in FY25. NPL posted loss after tax of PKR 747 Mn in FY25, compared to a profit of PKR 5.4 Bn in FY24. This loss was primarily due to one-time adjustments relating to negotiations held with the government on a revised power purchase agreement.
The company has converted its tariff to a hybrid Take and Pay model where its ROEDC has been structured with a 35% fixed component and a 65% variable component. Along with this the insurance premium for FY26 inwards has been capped at 0.9% of the EPC.
The terms of international arbitration have also been removed and any dispute with the power purchaser will also have to be dealt with through local arbitration. With regards to its subsidiary NexGen Auto Private Limited, the company management apprised that over 2,000 units of the Jaecoo J7 have been booked so far. NPL owns a 33% stake in this entity. The CKD plant is now operational and deliveries of vehicles are expected to begin from mid-December.
Important Disclosures
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