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Power Generation & Distribution

SPWL Saif Power Limited

Latest results: FY2025 · Dec 2025

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Last close · 16 Oct 2026

Rs 7.78 0.00%

Annual · FY2014 – FY2025

Saif Power Limited (SPWL) income statement

Saif Power Limited reported revenue of Rs 9.2 bn for FY2025 (Jan – Dec 2025), down 5.0% on FY2024. Gross profit came to Rs 233.8 mn, a gross margin of 2.5%. Operating profit was -Rs 32.4 mn (an operating margin of -0.4%). Finance cost was Rs 766.0 mn, down 53.0% on FY2024. Tax of Rs 52.4 mn took 375.2% of pre-tax profit. The loss attributable to shareholders was Rs 38.4 mn, or Rs -0.10 per share.

SPWL income statement (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 * Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue 9.2 9.7 19.0 22.9 16.4
Cost of revenue (9.0) (6.8) (16.3) (19.4) (13.5)
Gross profit 0.2 2.9 2.8 3.5 2.9
Selling, general & administrative expenses (0.3) (1.9) (0.2) (0.2) (0.1)
Operating profit (0.0) 1.0 2.6 3.3 2.7
Finance cost (0.8) (1.6) (2.1) (1.0) (0.6)
Profit before tax 0.0 0.1 0.3 2.0 2.0
Taxation (0.1) (0.0) 0.0 — —
Profit after tax (0.0) 0.1 0.3 2.0 2.0
Profit attributable to shareholders (0.0) 0.1 0.3 2.2 2.0
Per share & other
EPS – basic (Rs) Rs (0.10) 0.35 0.87 5.59 5.06
EPS – diluted (Rs) Rs (0.10) 0.35 0.87 5.59 5.06
Dividend per share (Rs) Rs 1.75 1.25 4.29 8.50 8.00
EBITDA 0.6 1.6 3.2 3.9 3.4
Depreciation & amortisation 0.7 0.7 0.6 0.6 0.6
Weighted average shares mn 386.5 386.5 386.5 386.5 386.5
SPWL income statement — year-on-year change (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 * Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue -5.0% -49.2% -16.7% +39.5% +83.7%
Cost of revenue +32.3% -58.4% -16.1% +43.4% +141.1%
Gross profit -91.9% +4.3% -20.1% +21.2% -13.3%
Selling, general & administrative expenses -86.2% +839.0% +6.2% +29.3% +0.6%
Operating profit -103.3% -62.1% -21.6% +20.7% -14.0%
Finance cost -53.0% -22.1% +114.7% +52.8% -9.3%
Profit before tax -89.5% -60.2% -82.8% -0.4% -17.4%
Taxation +19,611.0% — — — —
Profit after tax -128.8% -60.3% -82.8% -0.4% -17.4%
Profit attributable to shareholders -128.8% -60.3% -84.4% +10.5% -17.4%
Per share & other
EPS – basic (Rs) -128.8% -60.3% -84.4% +10.5% -17.4%
EPS – diluted (Rs) -128.8% -60.3% -84.4% +10.5% -17.4%
Dividend per share (Rs) +40.0% -70.9% -49.5% +6.3% +113.3%
EBITDA -61.2% -49.4% -17.7% +17.1% -11.7%
Depreciation & amortisation +1.4% +1.1% +2.5% +1.6% -0.2%
Weighted average shares — — — — —

Change against the previous fiscal year; shown when the earlier figure is positive.

SPWL income statement — common size (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 * Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (97.5%) (70.0%) (85.4%) (84.8%) (82.5%)
Gross profit 2.5% 30.0% 14.6% 15.2% 17.5%
Selling, general & administrative expenses (2.9%) (19.9%) (1.1%) (0.8%) (0.9%)
Operating profit (0.4%) 10.1% 13.5% 14.4% 16.6%
Finance cost (8.3%) (16.9%) (11.0%) (4.3%) (3.9%)
Profit before tax 0.2% 1.4% 1.8% 8.5% 11.9%
Taxation (0.6%) (0.0%) 0.0% — —
Profit after tax (0.4%) 1.4% 1.8% 8.5% 11.9%
Profit attributable to shareholders (0.4%) 1.4% 1.8% 9.4% 11.9%
Per share & other
EBITDA 6.9% 16.9% 17.0% 17.2% 20.4%
Depreciation & amortisation 7.2% 6.8% 3.4% 2.8% 3.8%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 15 Oct 2026.

All reported line items 130
SPWL income statement — all reported line items (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021
Revenue from Goods & Services 6.8 4.5 13.1 18.3 12.5
Revenue Taxes 1.2 0.9 2.4 2.9 2.0
Gross Revenue from Business Activities - Total 8.0 5.4 15.5 21.2 14.5
Revenue from Business-Related Activities - Other - Total 2.4 5.2 5.9 4.6 3.9
Revenue from Business Activities - Total 9.2 9.7 19.0 22.9 16.4
Cost of Operating Revenue 9.0 6.8 16.3 19.4 13.5
Cost of Revenues - Total 9.0 6.8 16.3 19.4 13.5
Cost of Revenues - Unclassified 1.2 1.2 2.7 1.0 1.0
Selling, General & Administrative Expenses - Total 0.3 1.9 0.2 0.2 0.1
Selling, General & Administrative Expenses - Unclassified 0.1 0.1 0.1 0.1 0.1
Depreciation in Cost of Revenues 0.7 0.7 0.6 0.6 0.6
Depreciation in Selling, General & Administrative Expenses 0.0 0.0 0.0 0.0 0.0
Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues 0.1 0.1 0.1 0.1 0.1
Amortization of Intangibles in Selling, General & Administrative Expenses — — — — —
Material Expenses 6.7 4.5 12.5 17.4 11.7
Utility Cost of Revenue - Purchased Power 0.2 0.2 0.1 0.1 0.1
Materials Purchased 6.5 4.3 12.4 17.4 11.6
Cost of Revenues - Other - Total 0.3 0.4 0.3 0.2 0.2
Gross Profit - Industrials/Property - Total 0.2 2.9 2.8 3.5 2.9
Operating Expenses - Total 9.2 8.7 16.5 19.6 13.7
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 0.2 0.1 0.1 0.1 0.1
Selling, General & Administrative Expenses - Other - Total (0.0) 1.6 0.0 0.0 0.0
Advertising Expense 0.0 0.0 0.0 0.0 0.0
Rental Expense 0.0 0.0 0.0 0.0 0.0
Operating Profit before Non-Recurring Income/(Expense) (0.0) 1.0 2.6 3.3 2.7
Financing Income/(Expense) - Net - Total (0.0) (0.8) (2.2) (1.3) (0.8)
Interest Expense - Net of (Interest Income) 0.2 1.3 2.1 1.0 0.6
Interest Expense - Net of Capitalized Interest 0.8 1.6 2.1 1.0 0.6
Provision for Doubtful Accounts & Write-off (0.1) 1.6 0.0 — —
Non-Interest Financial Income/(Expense) - Total 0.1 0.5 (0.2) (0.4) (0.1)
Non-Interest Financial Income/(Expense) - Other - Net (0.0) (0.0) (0.0) (0.0) (0.0)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 0.0 0.0 0.0 0.0 0.0
Other Non-Operating Income/(Expense) - Total 0.0 (0.1) 0.0 0.0 0.0
Foreign Exchange Gain/(Loss) - Non-Business (0.0) 0.0 (0.2) (0.3) (0.1)
Normalized Pre-tax Profit (0.1) 0.1 0.3 2.0 2.0
Non-Recurring Income/Expense - Total 0.1 — — — —
Interest Income - Non-Bank 0.6 0.4 0.0 0.0 0.0
Dividend & Investment Income — 0.5 — — —
Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) 0.2 — — (0.0) 0.0
Early Extinguishment of Lease Related Debts - Gain/(Loss) 0.1 — — — —
Provision for Income Tax Expense- Unclassified 0.1 0.0 0.0 — —
Income before Taxes 0.0 0.1 0.3 2.0 2.0
Income Taxes 0.1 0.0 0.0 — —
Net Income after Tax (0.0) 0.1 0.3 2.0 2.0
Income before Discontinued Operations & Extraordinary Items (0.0) 0.1 0.3 2.0 2.0
Net Income before Minority Interest (0.0) 0.1 0.3 2.2 2.0
Minority Interest — — — 0.0 0.0
Net Income after Minority Interest (0.0) 0.1 0.3 2.2 2.0
Income Available to Common Shares (0.0) 0.1 0.3 2.2 2.0
Extraordinary Activities - after Tax - Gain/(Loss) — — — 0.2 (0.0)
Discontinued Operations - Net of Taxes - Total - Income/(Expense) — — — 0.2 (0.0)
Other Comprehensive Income - Starting Line (0.0) 0.1 0.3 2.2 2.0
Discontinued Operations - Net - Income/(Expense) — — — 0.2 (0.0)
Other Comprehensive Income - Pension Related 0.0 (0.0) 0.0 0.0 (0.0)
Other Comprehensive Income - Net of Tax - Total 0.0 (0.0) 0.0 0.0 (0.0)
Comprehensive Income before Minority Interest - Total (0.0) 0.1 0.3 2.2 2.0
Comprehensive Income - Attributable to Minority Interest - Total — — — 0.0 (0.0)
Comprehensive Income - Attributable to Parent Company Equity Holders - Total (0.0) 0.1 0.3 2.2 2.0
DPS - Common - Gross - Issue - By Period End Date Rs 1.75 1.25 4.29 8.50 8.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total (0.0) 0.1 0.3 2.2 2.0
Income available to Common excluding Extraordinary Items (0.0) 0.1 0.3 2.0 2.0
Shares used to calculate Basic EPS - Total mn 386.5 386.5 386.5 386.5 386.5
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs (0.10) 0.35 0.87 5.59 5.06
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs (0.10) 0.35 0.87 5.05 5.07
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs (0.29) 0.35 0.87 5.05 5.07
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific (0.0) 0.1 0.3 2.2 2.0
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 386.5 386.5 386.5 386.5 386.5
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs (0.10) 0.35 0.87 5.59 5.06
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (0.10) 0.35 0.87 5.05 5.07
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs (0.29) 0.35 0.87 5.05 5.07
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.54 (0.01)
Comprehensive Earnings Per Share - Basic - Issue Specific Rs (0.07) 0.33 0.89 5.59 5.05
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total (0.0) 0.1 0.3 2.2 2.0
Diluted Income available to Common excluding Extraordinary Items (0.0) 0.1 0.3 2.0 2.0
Shares used to calculate Diluted EPS - Total mn 386.5 386.5 386.5 386.5 386.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs (0.10) 0.35 0.87 5.59 5.06
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs (0.10) 0.35 0.87 5.05 5.07
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs (0.29) 0.35 0.87 5.05 5.07
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific (0.0) 0.1 0.3 2.2 2.0
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 386.5 386.5 386.5 386.5 386.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs (0.10) 0.35 0.87 5.59 5.06
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (0.10) 0.35 0.87 5.05 5.07
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs (0.29) 0.35 0.87 5.05 5.07
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.54 (0.01)
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs (0.07) 0.33 0.89 5.59 5.05
DPS - Common - Gross - Issue - By Announcement Date Rs 1.00 2.75 5.29 12.00 4.50
DPS - Common - Net - Issue - By Announcement Date Rs 0.90 2.48 4.76 10.80 4.05
Earnings before Interest & Taxes (EBIT) (0.0) 1.0 2.6 3.3 2.7
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 0.6 1.6 3.2 3.9 3.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments 0.6 1.6 3.2 3.9 3.4
Depreciation & Amortization - Supplemental 0.7 0.7 0.6 0.6 0.6
Depreciation Expense - Total - Supplemental 0.7 0.7 0.6 0.6 0.6
Depreciation - Financial Lease Right-of-Use Assets - Supplemental 0.0 0.0 0.0 0.0 0.0
Amortization - Total - Supplemental — — — — —
Intangible Amortization - Other - Supplemental — — — — —
Amortization of Computer Software - Supplemental — — — — —
Depreciation, Depletion & Amortization - Total 0.7 0.7 0.6 0.6 0.6
Depreciation - Total 0.7 0.7 0.6 0.6 0.6
Amortization of Intangible Assets including Goodwill - Total — — — — —
Amortization of Intangible Assets excluding Goodwill - Total — — — — —
Labor & Related Expenses - Total 0.3 0.2 0.2 0.2 0.2
Labor & Related Expenses - Supplemental 0.3 0.2 0.2 0.2 0.2
Auditor Fees 0.0 0.0 0.0 0.0 0.0
Audit-Related Fees 0.0 0.0 0.0 0.0 0.0
Tax Fees — — — 0.0 0.0
Fees - Other 0.0 0.0 0.0 0.0 0.0
Normalized after Tax Profit (0.1) 0.1 0.3 2.0 2.0
Normalized Net Income from Continuing Operations (0.1) 0.1 0.3 2.0 2.0
Normalized Net Income - Bottom Line (0.1) 0.1 0.3 2.0 2.0
Earnings before Interest & Taxes (EBIT) - Normalized 0.1 1.4 2.4 2.9 2.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 0.8 2.1 3.0 3.5 3.2
Interest Expense on Financial Lease Liabilities - Supplemental 0.0 0.0 0.0 0.0 0.0
Rental/Operating Lease Expense 0.0 0.0 0.0 0.0 0.0
Advertising Expenses - Supplemental 0.0 0.0 0.0 0.0 0.0
Interest Expense 0.8 1.6 2.1 1.0 0.6
Operating Expenses 9.2 8.7 16.5 19.6 13.7
Selling, General & Administrative Expenses excluding Research & Development Expenses 0.3 1.9 0.2 0.2 0.1
Income before Taxes & Provision for Loan Losses 0.0 0.1 0.3 2.0 2.0
Cost of Revenue including Operation & Maintenance (Utility) - Total 9.0 6.8 16.3 19.4 13.5
Cost of Revenues excluding Depreciation 8.3 6.1 15.6 18.8 12.9
DPS - Common - Gross - Issue - By Payable Date Rs 1.00 2.75 6.79 10.50 4.50
DPS - Common - Gross - Issue - By Ex Date Rs 1.00 2.75 5.29 12.00 4.50
Tax Adjusted Operating Income (2.1) 1.8 2.4 — —
Operating Expenses excluding Non-Cash Charges - Total 8.6 8.0 15.8 18.9 13.0
Income Available to Common Shares before Depreciation & Amortization 0.6 0.8 1.0 2.8 2.6
Fixed Charges 0.8 1.6 2.1 1.0 0.6
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 1.00 2.75 5.29 12.00 4.50

Every line the company reported, in the original order and wording, without regrouping or signs changed.