KARACHI: SG Power Limited has announced its financial results for the quarter ended March 31, 2026, reporting a net loss of PKR 492.76 million, marking a significant improvement compared to the PKR 2.29 billion loss recorded during the same quarter last year. The results were approved by the company’s Board of Directors at its meeting held on April 29, 2026.
According to the financial statement, the company did not record any electricity sales during the quarter, while generation costs stood at PKR 492.76 million. Consequently, SG Power posted a gross loss of the same amount.
The company reported no administrative, selling, or other operating expenses during the quarter, a notable contrast to the corresponding period of 2025 when such expenses exceeded PKR 2.09 billion. As a result, operating loss remained at PKR 492.76 million, substantially lower than the operating loss of PKR 2.29 billion recorded a year earlier.
SG Power also reported a loss before taxation of PKR 492.76 million, with no taxation expense recognized during the period. Consequently, the company posted a net loss after tax of PKR 492.76 million, compared with a net loss of PKR 2.29 billion in the corresponding quarter of 2025.
The company’s loss per share (LPS) improved to PKR 0.03, compared with PKR 0.13 per share in the same period last year, reflecting a considerable reduction in losses despite the absence of operating revenue.
While SG Power continues to operate without revenue generation, the latest financial results indicate a significant narrowing of losses, primarily due to the sharp reduction in operating and administrative expenses. The company’s future performance will largely depend on its ability to resume commercial operations and generate sustainable electricity sales.
