Sitara Energy Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing a significant decline in revenue and net profit compared to the previous year.
- Revenue decreased to PKR 33.21M from PKR 176.07M in FY 2025, attributed to lower demand from Bulk Power Consumers.
- Gross loss improved to PKR 13.49M from PKR 38.59M in FY 2025.
- Net profit fell to PKR 36.29M, down from PKR 167.14M in the prior year.
- Earnings per share (EPS) decreased to PKR 1.90 from PKR 8.75.
- The financial statements are audited and comply with the Companies Act, 2017.
- The company has faced challenges with high fuel prices impacting profitability and has undertaken measures to restructure credit facilities to reduce finance costs.
- The report indicates a material uncertainty regarding the company's ability to continue as a going concern due to financial difficulties.