April 28, 2026 (MLN): Cnergyico PK Limited (PSX: CNERGY) reported a remarkable turnaround for the nine months ended March 31, 2026, posting a profit after taxation of Rs17.10bn compared to a loss of Rs1.76bn in the corresponding period last year.

The company's basic and diluted earnings per share (EPS) recovered strongly to Rs3.11, reversing a loss per share of Rs0.32 in 9MFY25, showing exceptional value accretion for shareholders during the period.

CNERGY's net revenue posted a 20.08% year-on-year increase, rising to Rs261.86bn from Rs218.07bn.

Cost of sales grew at a significantly more contained pace of 9.74% to Rs234.59bn, allowing gross profit to surge an outstanding 534.53% to Rs27.28bn from Rs4.30bn, emerging as the primary driver of the overall earnings turnaround.

Administrative and selling expenses rose moderately to Rs1.48bn and Rs552.85m respectively.

Operating profit surged 952.34% to Rs25.38bn from Rs2.41bn in the prior year. Finance costs declined by 31.96% to Rs2.55bn from Rs3.75bn, providing a further material tailwind.

Profit before taxation stood at Rs22.83bn, a decisive reversal from a pre-tax loss of Rs1.34bn in 9MFY25.

After an income tax charge of Rs5.67bn, Cnergyico PK Limited closed the nine-month period with a profit after taxation of Rs17.10bn, compared to a loss of Rs1.76bn reported in the corresponding period of last year.