KARACHI: Cnergyico Pk Limited announced a net profit of Rs17.7 billion in the first nine months of the current fiscal year ending on March 31, 2026, which is an outstanding achievement considering the net loss of Rs1.1 billion it had posted during the same period in the previous fiscal year.
The turnaround of Rs19 billion was made possible due to efficient refinery production, higher margins, and reduced costs.
Cnergyico Profit Driven by 20% Revenue Growth
The net revenue figure of Cnergyico shot up to Rs261.9 billion in 9MFY26 from Rs218.1 billion in the same period last year, recording a growth of 20 percent. The gross profit number also rose from Rs4.9 billion to Rs27.9 billion, an increase of almost six times, due to its ability to extract more value out of each sale rupee earned. The EPS number turned around from the negative Rs0.20 level to a positive Rs3.22.
The operating profit of Cnergyico amounted to Rs26.1 billion from the Rs3.1 billion level of last year’s nine months, despite a decline in finance charges from Rs3.75 billion to Rs2.6 billion.
Q3 alone delivers Rs14.7bn profit
The third quarter proved particularly strong. Net Profit for the third quarter of FY26, ending March 31, 2026, amounted to Rs14.7 billion, where net sales amounted to Rs115.6 billion. However, net losses during the third quarter of FY25 amounted to Rs2.8 billion. The earnings per share during Q3FY26 came in at Rs2.68, against Rs0.50 loss per share in the same quarter of last year..
The gross profit recorded in the quarter alone was Rs20.5 billion, which clearly illustrates the extent to which the operational environment turned favourable for the organization during the fiscal year.
Also Read: Allied Bank Earns Rs6.6bn Profit in Q1 2026
Balance sheet expands on inventory build-up
Total assets of the consolidated balance sheet increased from Rs376.3 billion as at the end of FY25 to Rs456.1 billion as at March 31, 2026. This is mainly due to an increased stock-in-trade level, where the balance of stock-in-trade nearly tripled from Rs37.1 billion to Rs101.4 billion – an indication that the management aggressively pursued the procurement process and increased refining operations.
Trade payables also increased to Rs38.7 billion from Rs25 billion due to the expanded income level.
As regards equity, losses in the consolidated balance sheet reduced significantly to Rs12.7 billion from Rs32.1 billion within the nine months under review. The company is rebuilding its balance sheet after years of severe financial strain. Total equity ascribed to owners of the business grew to Rs219.9 billion from Rs202.2 billion in June 2025.
Consolidated results mirror standalone strength
The consolidated numbers confirmed that the recovery runs across the full group. Consolidated entity of Cnergyico achieved a net profit of Rs17.1 billion in 9MFY26, whereas the group incurred a loss of Rs1.76 billion in the previous year. The company reported consolidated net revenue of Rs261.9 billion and gross profit of Rs27.3 billion. The consolidated earnings per share came out to be Rs3.11.
Overall consolidated asset stood at Rs472.4 billion compared to Rs393.5 billion in June 2025. On the other hand, shareholders’ equity increased to Rs225.1 billion.
In terms of the performance in cash flow generation, operating cash flow stands at Rs13.1 billion compared to Rs2.8 billion in June last year.
Outlook
Given that the margin in refining remains favorable, Cnergyico will head into the last quarter of the year with strong fundamentals.. It will release the detailed quarterly report via PUCARS shortly.
