Karachi, September 23, 2025 – K-Electric has reported a remarkable turnaround, announcing a net profit of Rs4.13 billion for fiscal year 2023-24, compared to a loss of Rs39.39 billion in the previous year.
According to the unconsolidated profit and loss statement submitted to the Pakistan Stock Exchange (PSX), K-Electric declared earnings per share (EPS) of Rs0.15 for FY24, a sharp recovery from the loss per share of Rs1.43 recorded in FY23. The Board of Directors approved the company’s financial results in its meeting held on September 23, 2025.
Despite subdued economic conditions with GDP growth of only 2.51%, high inflation, and elevated policy rates, K-Electric navigated through challenges that impacted Pakistan’s power sector. Rising tariffs, inflationary pressures, and regulatory benchmarks created operational hurdles, leading to an increase of 1.8 percentage points in AT&C losses. Still, the company closed FY24 with a positive return on equity of 3.56% and return on property, plant, and equipment (PPE) of 0.87%.
Key Achievements in FY24
• Power Generation: With the addition of the 900 MW BQPS-III plant, the company achieved 49.5% gross efficiency and managed a record supply of 3,550 MW.
• Transmission Expansion: New 40 MVA power transformers were installed at Dhabeji-2, DHA-4, and Korangi East, raising total transformation capacity to 7,095 MVA.
• National Grid Integration: Two critical interconnection projects—500kV KKI (Nov 2024) and 220kV Dhabeji-2 (Mar 2025)—boosted power drawl from the National Grid to nearly 2,000 MW.
• Anti-Theft Drives: Over 350,000 kgs of illegal kundas were removed and 30,000 campaigns were conducted to curb electricity theft, improving network governance.
Looking ahead, K-Electric remains focused on strengthening operational efficiency, expanding investments across the energy value chain, and collaborating with stakeholders to support Pakistan’s economic growth.