Nishat Power Limited (PSX: NPL) posted a net profit of Rs. 2.48 billion for fiscal year 2026, reversing a loss of Rs. 371 million recorded in the previous year, according to a review by Arif Habib Limited.

The company also announced a cash dividend of Rs. 1 per share for the fourth quarter.

NPL reported earnings per share (EPS) of Rs. 7.01 for FY26, compared with a loss per share of Rs. 2.11 in FY25.

For the fourth quarter, EPS came in at Rs. 2.33, down 40 percent year over year but 19 percent higher than the previous quarter.

The company generated Rs. 11.02 billion in revenue during FY26, marking a 56 percent increase from Rs. 7.06 billion in FY25. Quarterly revenue also rose sharply to Rs. 5.87 billion in 4QFY26 from Rs. 1.84 billion a year earlier.

The increase in fourth quarter revenue was supported by stronger plant utilization. Utilization reached 24.7 percent in June 2026, compared with 8.3 percent in June 2025, despite disruptions in RLNG supplies and higher summer demand.

NPL’s share of profit from associates amounted to Rs. 913 million during 4QFY26, largely reflecting improved results from its auto-related investments.

Arif Habib Limited expects the auto segment to remain a significant contributor, estimating sales of around 5,500 Jaecoo J5 units and approximately 1,000 J7 units during the quarter.

Meanwhile, other income reached Rs. 321 million, equivalent to Rs. 0.68 per share after tax. The income was mainly generated from surplus cash and short-term investments.

NPL held around Rs. 3.3 billion in short-term investments as of June 2026.