Power Generation & Distribution
PKGP Pakgen Power Limited
Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 33.77 +3.81%
Financials
Pakgen Power Limited (PKGP) financials
20 years of annual results (FY2006 – FY2025), 66 quarters.
Pakgen Power Limited (PKGP) reported revenue of Rs 925.4 mn for FY2025 (Jan – Dec 2025), down 91.8% from FY2024.
It made a loss of Rs 333.1 mn attributable to shareholders (EPS Rs -0.92), a net margin of -36.0%.
It declared a dividend of Rs 2.00 per share for FY2025 and has paid a dividend in each of the last 15 years.
The balance sheet showed net cash of Rs 12.9 bn.
Return on equity was -1.6%.
Over the last five years revenue grew at a compound -38.6% a year.
At Rs 33.77 (close on 16 Oct 2026) the shares trade at 0.46× book value, with a dividend yield of 5.9%.
Fundamentals
PKGP at a glance
Revenue · FY2025
Rs 925.4 mn
▼ 91.8% year on year
Profit attributable to shareholders · FY2025
-Rs 333.1 mn
▼ 107.5% year on year
EPS – basic (Rs) · FY2025
Rs -0.92
▼ 107.6% year on year
Dividend per share (Rs) · FY2025
Rs 2.00
▼ 71.4% year on year
Net margin · FY2025
-36.0%
-75.5 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 925.4 mn
- Profit attributable · FY2025
- -Rs 333.1 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 15.7 bn
- Equity · FY2025
- Rs 15.3 bn
Financial highlights
PKGP financial results
| Rs bn | FY2025 * Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 | FY2019 Jan – Dec 2019 | FY2018 Jan – Dec 2018 | FY2017 Jan – Dec 2017 | FY2016 Jan – Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0.9 | 11.3 | 20.8 | 45.8 | 19.9 | 10.6 | 12.2 | 16.2 | 19.8 | 16.0 |
| Gross profit | (0.4) | 5.3 | 5.7 | 3.5 | 1.7 | 5.6 | 4.6 | 2.4 | 2.0 | 1.3 |
| Operating profit | (1.7) | 3.8 | 6.0 | 3.2 | 1.4 | 5.4 | 4.3 | 2.2 | 2.0 | 1.1 |
| Profit after tax | (0.3) | 4.5 | 5.9 | 3.1 | 1.0 | 4.4 | 2.9 | 1.5 | 1.3 | 0.5 |
| Profit attributable to shareholders | (0.3) | 4.5 | 5.9 | 3.1 | 1.0 | 4.4 | 2.9 | 1.5 | 1.3 | 0.5 |
| EPS – basic (Rs) Rs | (0.92) | 12.01 | 15.76 | 8.43 | 2.82 | 11.86 | 7.82 | 3.99 | 3.53 | 1.39 |
| Dividend per share (Rs) Rs | 2.00 | 7.00 | 15.00 | 3.50 | 2.00 | 2.00 | 1.25 | 1.50 | 2.00 | 2.00 |
| Total assets | 15.7 | 27.3 | 29.5 | 26.5 | 25.6 | 29.5 | 31.5 | 28.8 | 26.9 | 25.1 |
| Total equity | 15.3 | 26.6 | 24.7 | 25.1 | 22.6 | 22.6 | 19.1 | 16.7 | 15.6 | 15.0 |
| Total debt | — | 0.0 | 3.7 | 0.7 | 0.1 | 6.0 | 11.5 | 11.4 | 10.0 | 8.5 |
| Net cash from operating activities | 15.0 | 3.0 | 11.7 | (7.4) | 14.0 | 5.6 | 0.7 | (1.1) | (1.2) | (0.2) |
| Capital expenditure | 0.0 | (0.0) | (0.3) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.1) | (0.2) |
| Free cash flow (operating cash flow − capex) | 15.0 | 3.0 | 11.4 | (7.4) | 14.0 | 5.6 | 0.6 | (1.1) | (1.3) | (0.4) |
| Rs bn | TTM to Jun 2026 | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | 0.0 | 0.0 | 0.0 | 0.0 | 0.9 | 0.5 | 2.8 |
| Gross profit | (0.4) | 0.0 | 0.0 | (0.1) | (0.3) | 0.0 | 0.1 | (0.3) | 1.9 |
| Operating profit | 0.2 | (0.0) | (0.1) | 0.1 | 0.2 | (0.2) | 0.1 | (1.7) | 2.3 |
| Profit after tax | (0.0) | 0.0 | (0.1) | (0.0) | 0.1 | (0.4) | 0.0 | (1.7) | 2.2 |
| Profit attributable to shareholders | (0.0) | 0.0 | (0.1) | (0.0) | 0.1 | (0.4) | 0.0 | (1.7) | 2.2 |
| EPS – basic (Rs) Rs | (0.26) | 0.06 | (0.52) | (0.11) | 0.31 | (1.19) | 0.10 | (4.64) | 5.91 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 | 2.00 |
| Total assets | 14.3 | 14.3 | 14.3 | 15.7 | 25.9 | 26.2 | 27.2 | 27.3 | 31.6 |
| Total equity | 14.1 | 14.1 | 14.0 | 15.3 | 25.6 | 25.4 | 26.6 | 26.6 | 29.0 |
| Total debt | — | — | — | — | — | — | — | 0.0 | 1.7 |
| Net cash from operating activities | 7.1 | 7.2 | 0.0 | (1.0) | 0.8 | 3.2 | 12.0 | (0.9) | 2.3 |
| Capital expenditure | (0.1) | (0.1) | (0.0) | 0.0 | (0.0) | 0.0 | 0.0 | — | (0.0) |
| Free cash flow (operating cash flow − capex) | 7.0 | 7.1 | 0.0 | (1.0) | 0.8 | 3.2 | 12.0 | — | 2.3 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. * Some FY2025 figures do not fully reconcile in the source data. Updated 16 Oct 2026.