Mughal Energy Limited (GEM) has released its Annual Report for the year ended June 30, 2026, highlighting a shift from a loss to a profit, primarily driven by rental income and property development.
- Financial period: Year ended June 30, 2026, with an unmodified audit report.
- Revenue: Not explicitly stated; however, the profit for the year is reported at PKR 9.132M, compared to a loss of PKR 21.280M in the previous year.
- Earnings per share (EPS): PKR 0.05, a recovery from a loss of PKR 0.11 per share in 2025.
- The company’s net worth increased to PKR 4,045.043M from PKR 3,435.206M year-on-year.
- Significant capital expenditure was noted for the hybrid power plant project, contributing to increased property, plant, and equipment.
- The company successfully commissioned its 31.50 MW turbine, marking the start of commercial operations on August 31, 2026.
- No dividends were declared as the company was in a pre-commencement stage.
- The report emphasizes a commitment to sustainability and corporate governance, with ongoing efforts to enhance operational efficiency and community engagement.