Lalpir Power Limited, now rebranded as Lalpir Limited, has released its half-yearly financial report for the period ended June 30, 2026, reflecting a strategic shift from power generation to investment activities following the termination of its Power Purchase Agreement.
- The company reported a profit after tax (PAT) of PKR 150M, with earnings per share (EPS) of PKR 0.54, a significant recovery from a loss of PKR 695M and an EPS of PKR -1.83 in the same period last year.
- Revenue for the half-year stood at PKR 316.81M, down from PKR 505.35M year-on-year, primarily due to the transition in business focus.
- As of June 30, 2026, total equity increased to PKR 11,693.43M from PKR 11,542.37M at the end of 2025.
- The company has classified non-current assets intended for sale, including legacy power-generation assets, as held for sale, aligning with its new investment strategy.
- Notably, Lalpir Limited acquired a 4.41% stake in Rafhan Maize Products Company Limited for approximately PKR 3,998.50M, marking a strategic investment move.
- The report is un-audited but has undergone a limited scope review by auditors, confirming compliance with applicable accounting standards.