Burj Clean Energy Modaraba (GEM) has transmitted its Annual Report for the year ended June 30, 2026, highlighting significant growth in its operations and financial performance as it establishes itself in the renewable energy sector.
- The report covers the Modaraba's first full year of operations, transitioning from a startup to an operational clean energy platform.
- Total income from operations surged to PKR 249.58M (2025: PKR 50.00M), driven by various revenue streams including advisory and rental income.
- Profit after taxation reached PKR 91.29M, up 112% from PKR 43.03M in the previous year, with earnings per certificate improving to PKR 0.91 (2025: PKR 0.43).
- Total assets grew significantly to PKR 4,024.70M (2025: PKR 1,124.71M), primarily due to the capitalization of renewable energy assets.
- The Modaraba's net debt to equity ratio stands at 2.32:1, reflecting its financing strategy for growth.
- A cash dividend of PKR 60M (PKR 0.60 per certificate) has been proposed for the year.
- The report is audited and reflects compliance with corporate governance standards.