KARACHI: Engro Powergen Qadirpur Limited (EPQL) has announced an interim cash dividend of Rs1.00 per share (10%) for the second quarter ended June 30, 2026, after its Board of Directors approved the company’s unaudited financial results for the first half of the year. The decision was taken during a board meeting held on July 30, 2026.
The company declared no bonus shares, right shares, or any other corporate action alongside the financial results. Shareholders whose names appear in the Register of Members on August 11, 2026, will be entitled to receive the interim dividend.
For the six months ended June 30, 2026, Engro Powergen Qadirpur reported a profit after tax of Rs346.4 million, compared with Rs459.9 million in the corresponding period last year, reflecting a decline of nearly 25%. Earnings per share (EPS) stood at Rs1.07, down from Rs1.42 a year earlier.
During the second quarter alone, however, the company posted a notable improvement in profitability. Quarterly profit after tax rose to Rs195.0 million, compared with Rs75.3 million in the same quarter of 2025, while quarterly EPS increased to Rs0.60 from Rs0.23.
Revenue for the first six months of 2026 increased to Rs6.06 billion, up from Rs5.26 billion in the corresponding period last year. Despite the rise in revenue, gross profit declined to Rs599.6 million from Rs646.1 million, while profit from operations fell to Rs382.9 million from Rs423.1 million, reflecting higher operating costs and lower margins.
As of June 30, 2026, the company’s total assets stood at approximately Rs15.03 billion, while total equity amounted to Rs11.57 billion. Cash and cash equivalents remained negative at the end of the reporting period, although the company generated positive cash flows from operating activities during the first half of the year.
The announcement signals management’s confidence in the company’s financial position by maintaining a cash payout to shareholders despite lower half-year earnings. Investors will now be watching the company’s performance in the second half of 2026 to assess whether the stronger quarterly momentum can be sustained.
