Sep 1, 2026, 3:23 PM
Altern Energy reports FY2026 consolidated loss, with loss per share narrowing
Financial ResultFor the year ended June 30, 2026, Altern Energy and its subsidiaries reported revenue of Rs. 503.248 million, down from Rs. 7,970.077 million, and a net loss of Rs. 942.037 million, compared with a loss of Rs. 7,707.365 million in FY2025. Loss per share narrowed to Rs. 2.95 from Rs. 12.54. The board recommended no dividend, bonus shares, or right shares.
Key Findings
- Consolidated revenue fell to Rs. 503.248 million from Rs. 7,970.077 million.
- The consolidated net loss narrowed to Rs. 942.037 million from Rs. 7,707.365 million; loss per share narrowed to Rs. 2.95 from Rs. 12.54.
- Consolidated gross result shifted from a profit of Rs. 3,773.512 million to a loss of Rs. 125.618 million.
- The board recommended NIL dividend, bonus shares, and right shares.
- The company also reported an unconsolidated loss of Rs. 227.396 million, versus a profit of Rs. 5,786.902 million in FY2025.
Financial Performance
| Metric | PreviousYear ended June 30, 2025 | CurrentYear ended June 30, 2026 | Change |
|---|---|---|---|
| Revenue | 7,970,077 | 503,248 | -93.7% |
| Gross (loss) / profit | 3,773,512 | (125,618) | -103.3% |
| Loss for the year | (7,707,365) | (942,037) | +87.8% |
| Loss per share - basic and diluted | (12.54) | (2.95) | +76.5% |
| Finance cost | (106,318) | (29,502) | -72.3% |
| Bank balances | 186,308 | 87,562 | -53% |
| Long term loan - unsecured | - | 429,000 | - |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.