GEMMEL · GEMMEL
Transmission of Annual Report for the Year Ended 2026
- Filed
- 29 September 2026 at 10:25 am
- Category
- Financials
- Sentiment
- Good
- Impact
- High
AI executive summary
Mughal Energy Limited reported its annual results for the year ended June 30, 2026, posting a profit after tax of PKR 9.13 million (EPS PKR 0.05) compared to a loss of PKR 21.28 million (EPS PKR (0.11)) in the prior year, primarily driven by rental and notional property development income. Post year-end, the company successfully commissioned the main 31.50 MW turbine of its captive hybrid power plant, achieving its Commercial Operation Date (COD) on August 31, 2026, to establish a recurring revenue stream.
Key takeaways
- Profit after tax for the year ended June 30, 2026, was PKR 9,132,455, translating to an EPS of PKR 0.05, compared to a loss of PKR 21,280,023 (EPS PKR (0.11)) in the previous year.
- Profit before taxation stood at PKR 9,132,455 for FY2026, recovering from a pre-tax loss of PKR 21,280,023 in FY2025.
- No dividend has been declared for the year as the company was in the pre-commencement stage.
- The company successfully commissioned the main 31.50 MW turbine of its captive hybrid power plant and achieved its Commercial Operation Date (COD) on August 31, 2026.
- The Board proposed to avail an advance/running finance facility of up to PKR 500 million and a corporate guarantee limit of up to PKR 3,000 million from the holding company, Mughal Iron & Steel Industries Limited.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 0 (prior 0)
- Profit after tax
- 9,132,455 (prior -21,280,023)
- EPS
- 0.05 (prior -0.11)
- Proposed availing advance/running finance facility of Rs. 500.00 million from Mughal Iron & Steel Industries Limited (holding company).
- Proposed obtaining a corporate guarantee limit of Rs. 3,000.000 million from Mughal Iron & Steel Industries Limited to meet security requirements of lenders.
- Recommended increasing the authorized share capital of the Company from Rs. 2,500,000,000 to Rs. 4,500,000,000.
- Recommended re-appointment of M/s. Muniff Ziauddin & Company as external auditors for the ensuing year.
Dividend and entitlement
- Type
- None
- Notes
- The document is solely for the transmission of Annual Financial Statements and does not declare any dividend, bonus, or rights entitlement.
- #earnings
- #annualresults
- #cod
- #powerplant
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.