October 28, 2025 (MLN): Saif Power Limited (PSX: SPWL) reported a loss after tax of Rs161.4m for the nine months ended September 30, 2025, a sharp reversal from a profit of Rs1.05bn in the corresponding period last year.

Loss/(earning) per share stood at Rs0.42 compared to earnings per share of Rs2.73 in 9MCY24.

Cash dividend is declared at Rs1 per share.

Net turnover declined 9.4% year-on-year to Rs7.38bn from Rs8.15bn, reflecting weaker revenue generation during the period. Cost of sales increased 20.8% to Rs7.03bn from Rs5.82bn.

Gross profit plunged 84.8% to Rs354.1m against Rs2.33bn in 9MCY24, with the gross margin contracting sharply to 4.8% from 28.6% in the prior year period, indicating severe margin compression due to substantially higher production costs.

Other income increased 49.6% to Rs390.5m from Rs261m last year. Administrative expenses declined marginally by 0.7% to Rs237.1m from Rs238.8m. The company reported no allowance for expected credit loss on financial assets in either period.

Finance costs declined 48.5% to Rs668.9m from Rs1.30bn in the previous year, providing some relief to the bottom line.

Loss/(profit) before levy and income tax stood at a loss of Rs161.4m compared to a profit of Rs1.05bn in 9MCY24. The company reported no levy in either period.

Income tax was nil in both periods.

The company concluded 9MCY25 with a loss for the period of Rs161.4m. The loss was driven by a dramatic collapse in gross margins despite significantly lower finance costs and improved other income, marking a complete reversal from the prior year's strong profitability.