Engro Powergen Qadirpur Limited (EPQL) Earnings Call Transcripts

Engro Powergen Qadirpur Limited's Latest Earnings Call - April 6, 2026

In the fiscal year 2025, Engro Powergen Qadirpur Limited (EPQL:PK) reported a revenue of PKR 11.9 million, a decline attributed to the transition to a Hybrid Take & Pay model and a lower load factor. Earnings per share (EPS) fell to PKR 2.6, down from PKR 6.6 in the prior year. Management highlighted a significant reduction in circular debt, now at PKR 1.6 trillion, and expressed optimism about future gas supply negotiations, which could enhance operational efficiency and profitability. The company maintained a dividend payout of PKR 11.75 per share, reflecting its commitment to shareholder returns despite the challenging environment.

Reported metrics

Guidance from management

Management is optimistic about improving load factors to 45% and potentially higher with additional gas supplies. They expect to maintain dividend payouts and continue to manage circular debt effectively.

What management said

Yes, yes. So with the Brent oil costs going up, there is a chance that PEL's gas price will increase. But correspondingly, on the merit order, we also expect to propel to hold this position more or less because along with that, all the imported fuels that are above or below it will also move simultaneously. So yes, the price might go up. Whether do we see a merit order falling or dispatch risk? Not at this point.

Yes. So the major maintenance plan that we had was already implemented in 2025. We might do some, what you say, generic maintenance that is required on an annual basis, but that will not be long, it will be, say, for 5 to 8 days max.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of geopolitical tensions on gas pricing and the company's merit order position. There were questions about the sustainability of the current gas supply agreements and the implications of operational disruptions on revenue.

Main topics on the call

• Revenue Decline — EPQL's revenue for FY2025 was PKR 11.9 million, lower than the previous year due to the shift to a Hybrid Take & Pay model and operational outages. Management stated, "the move to Hybrid Take & Pay and also because of ou...
• Earnings Per Share Drop — The company reported an EPS of PKR 2.6, a significant decrease from PKR 6.6 in FY2024. This decline was attributed to the Hybrid Take & Pay model and reduced load factors, with management noting, "the EPS for 2025 was ar...
• Circular Debt Reduction — Circular debt has decreased to PKR 1.6 trillion from PKR 2.4 trillion year-over-year, reflecting government efforts and improved cash flow management. Management indicated, "there has been a lot of work done here by the ...
• Operational Efficiency — EPQL maintained a 100% availability rate, but the load factor was only 42%. Management expressed plans to improve this to 45% with additional gas supplies, stating, "if everything goes well... we can increase this compan...

Read the full Engro Powergen Qadirpur Limited transcript (April 6, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 3 Engro Powergen Qadirpur Limited earnings call transcripts on record, spanning August 11, 2025 to August 12, 2026. Based on this history, Engro Powergen Qadirpur Limited reports semi-annually. The most recent call on file is dated August 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EPQL

Exchange

KASE

Country

PK

Sector

Utilities

Industry

Independent Power and Renewable Electricity Producers

Calls on record

3

First call

August 11, 2025

Most recent

August 12, 2026

Reporting cadence

semi-annually