Kohinoor Energy Limited (KEL) has reported a solid financial performance for the year ended June 30, 2026, with revenue and annual profit both increasing compared with the previous year. The company’s financial statements, approved by its Board of Directors on October 2, 2026, show continued profitability despite higher cost of sales and a decline in operating profit. 284278
Revenue rises sharply
Kohinoor Energy’s revenue from contracts with customers increased to Rs 6.355 billion in FY2026, compared with Rs 4.329 billion in FY2025. This represents a substantial increase in the company’s top line.
However, the higher revenue was accompanied by a significant rise in cost of sales, which increased to Rs 5.196 billion from Rs 2.983 billion a year earlier. As a result, gross profit declined to Rs 1.159 billion, compared with Rs 1.346 billion in FY2025. 284278
Profit remains strong
Despite pressure at the gross-profit level, the company maintained a healthy bottom line. Profit before taxation increased to Rs 743.875 million, compared with Rs 726.651 million in the previous year.
After taxation, Kohinoor Energy posted a profit of Rs 743.418 million, up from Rs 724.351 million in FY2025. Earnings per share also improved from Rs 4.27 to Rs 4.39. 284278
One of the key factors supporting profitability was the sharp reduction in finance costs. Finance costs fell to Rs 105.172 million, compared with Rs 343.132 million in the previous year. This helped offset some of the pressure caused by higher operating costs. 284278
Equity position strengthens
The company’s financial position also showed an increase in shareholders’ equity. Consolidated equity stood at approximately Rs 4.808 billion at June 30, 2026, compared with Rs 4.064 billion a year earlier.
Unappropriated profit increased to Rs 3.113 billion from approximately Rs 2.370 billion, reflecting the profit generated during the year. 284278
Current assets increased substantially, reaching approximately Rs 4.893 billion, compared with Rs 2.851 billion in FY2025. Trade debts were particularly higher, rising to approximately Rs 2.541 billion from Rs 1.209 billion. 284278
Cash flow remains an area to watch
While profitability improved, the cash-flow statement presents a different picture. Consolidated net cash used in operating activities amounted to approximately Rs 785.2 million in FY2026, compared with cash generated of approximately Rs 2.252 billion in FY2025. 284278
The company generated approximately Rs 214.1 million from investing activities, helped by proceeds from the disposal of short-term investments. Financing activities used approximately Rs 1.2 million during the year. Overall, cash and cash equivalents decreased by approximately Rs 572.3 million, leaving the company with a reported year-end balance of approximately negative Rs 1.546 billion. 284278
The figures suggest that although Kohinoor Energy remained profitable on an accounting basis, working-capital movements and operating cash requirements will remain important areas for investors to monitor.
No dividend announced for FY2026
For the financial year ended June 30, 2026, the company announced no cash dividend, bonus shares or right shares. 284278
This contrasts with the previous year, when the company’s statement of changes in equity records an interim dividend of Rs 7 per share, totaling approximately Rs 1.186 billion. 284278
Annual General Meeting scheduled for October 28
Kohinoor Energy has scheduled its Annual General Meeting for 10:00 a.m. on Wednesday, October 28, 2026, at Islamabad Club, Main Murree Road, Islamabad.
The company’s share transfer books will remain closed from October 21 through October 28, 2026, inclusive. 284278
Overall outlook
Kohinoor Energy’s FY2026 results present a mixed but generally profitable picture. Revenue expanded strongly and annual profit increased, while lower finance costs provided meaningful support to earnings. At the same time, the sharp increase in cost of sales, weaker operating cash generation and higher trade receivables highlight areas that investors may want to watch closely.
With earnings per share improving to Rs 4.39 and shareholders’ equity strengthening, the company enters the new financial year with a stronger reported profit base. The upcoming annual general meeting will provide shareholders an opportunity to review the company’s performance and financial position in greater detail.
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