NCPL posts Rs2.5bn profit in FY26

Nishat Chunian Power Limited (PSX: NCPL) moved back into profit for the year to June 30, 2026, according to Mettis Global. Net profit came in at Rs2.48bn, a sharp reversal from the Rs3.38bn loss booked a year earlier. The board also suggested a Rs1 per share final cash payout.

Customer revenue climbed 69% to Rs9.43bn from Rs5.57bn, while cost of sales jumped 133% to Rs7.95bn. Gross profit, however, slipped to Rs1.47bn from Rs2.16bn. Admin costs rose 34% to Rs477.08m and other expenses reached Rs251.03m, while other income of Rs911.12m lifted profit from operations to Rs1.66bn.

The report attributes the turnaround mainly to the absence of prior-year CPPA-G payable adjustments, plus a Rs1.30bn share of profit from an associate accounted for under the equity method. Finance costs were Rs27.41m, and profit before tax stood at Rs2.93bn. After a higher tax charge of Rs452.82m, compared with Rs219.37m in FY25, the company closed the year with the net profit noted above.