Karachi: Engro Powergen Qadirpur Ltd (EPQL) reported significant financial outcomes for the fiscal year CY25 during its recent analyst briefing, highlighting a notable decrease in net revenues and net profit. The briefing, attended by investors and industry analysts, revealed a 10% year-over-year drop in net revenues, attributed to a scheduled outage and changes in capacity payments under a hybrid take and pay model, resulting in net profits of PkR836 million, a 61% decline from the previous year.
According to AKD Securities Limited, despite the financial setbacks, EPQL declared a cash dividend of PkR11.75 per share for CY25, an increase from the previous year's PkR6.00 per share. This decision followed the receipt of overdue payments from the Central Power Purchasing Agency (CPPA-G), with outstanding receivables reduced to PkR1.5 billion by the end of December 2025 from PkR6.6 billion a year earlier, facilitated by a significant payment of PkR7.4 billion received in the first quarter of CY25.
The company reported total receivables of PkR3.5 billion as of the fourth quarter of CY25, a decrease from PkR9.3 billion in the same period last year. Management noted that collection rates reached 89% throughout the year, reflecting improved financial management and recovery efforts.