NCPL - FoxLogica

⏸️ NCPL: HOLD Signal (5/10) – Holding of Corporate Briefing Session of Nishat Chunian Power Ltd. FY 2025 in Compliance with the requirements of Clause 5.7.3 of the Rule Book – Submission of Presentation for CBS 2025

⚡ Flash Summary

Nishat Chunian Power Ltd. (NCPL) held a corporate briefing session for FY 2025, as announced on November 24, 2025. The company presented updates regarding an amendment agreement and its impact on tariff structures. Key changes include a shift to a hybrid take-and-pay model, adjustments to O&M indexation, and a reduction in the delay payment rate. Financial results for 2025 show a significant decrease in revenue and a net loss compared to the previous year.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased by 63% from PKR 15,215 million in 2024 to PKR 5,566 million in 2025.
💸 Net profit turned into a net loss of PKR 3,375.92 million in 2025, compared to a profit of PKR 4,912.31 million in 2024, a -169% change.
❌ Loss per share is PKR (9.19) in 2025 versus earnings per share of PKR 13.37 in 2024.
⚡️ Electricity generation (MWH) dropped by 76%, from 240,447 in 2024 to 57,209 in 2025.
⚙️ Capacity factor decreased from 13.99% to 3.34%.
✅ Amendment agreement includes the Government of Pakistan withdrawing arbitration under ASA for excess profits dispute.
💰 Receivables payment as of October 31, 2024, amounts to PKR 6.6 billion.
💸 Outstanding and Accrued Delay Payments (DP) up to October 31, 2024, have been waived.
🔄 Tariff revision includes converting to a hybrid take-and-pay model and a reduced Delay Payment (DP) rate.
🌍 Foreign O&M indexation with USD capped at 70% in case of PKR depreciation, effective from November 1, 2024.
🇵🇰 Local O&M indexation capped at the lower of 5% or actual NCPI.
🔩 Fixed O&M components reduced by 5%.
🔄 ROE & ROEDC components are now on a hybrid take-and-pay mode.
📊 Working Capital Component has been rebased.

🎯 Investment Thesis

Given the poor financial performance in 2025 and the risks associated with regulatory changes and operational efficiencies, a HOLD recommendation is appropriate. While the amendment agreement provides some clarity on tariff structures, the financial impact appears to be negative in the short term. A price target cannot be accurately determined without detailed financial projections. Time horizon is medium term, until the company demonstrates a return to profitability and improved operational performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 24, 2025

announcements NCPL Signal: HOLD

⏸️ NCPL: HOLD Signal (5/10) – Holding of Corporate Briefing Session of Nishat Chunian Power Limited FY 2025 in Compliance with the requirements of Clause 5.7.3 of the Rule Book

⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) will hold a Corporate Briefing Session (CBS) on November 25, 2025, at 11:30 a.m. The CBS will be conducted online and will cover the Annual Audited Financial Statements for the year ended June 30, 2025. This session is being held in compliance with Clause 5.7.3 of the Rule Book of the Pakistan Stock Exchange (PSX). The announcement provides details for joining the online session, including the Zoom link, Meeting ID, and Passcode.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ NCPL Corporate Briefing Session for FY 2025 is scheduled for November 25, 2025.
💻 The session will be held online.
🕒 The briefing will commence at 11:30 a.m.
📝 The session will cover Annual Audited Financial Statements for the year ended June 30, 2025.
🇵🇰 The briefing is in compliance with PSX regulations (Clause 5.7.3).
🔗 A Zoom link is provided for attendees to join the session: https://us02web.zoom.us/j/87567084615?pwd=kOXF1dtORE93Mz8RgnSOJ1b0MbxwRC.1
🆔 The Meeting ID for the session is 875 6708 4615.
🔑 The Passcode to access the session is 261420.
🏢 Khalid Mahmood Chohan, Head of Corporate Affairs, is the contact person.
📧 Contact information including email (info@ncpower.com.pk) and website (www.ncpower.com.pk) are provided.

🎯 Investment Thesis

Based solely on this announcement, a definitive investment recommendation cannot be made. The announcement provides no insight into the company’s financial performance or strategic direction. Investors should await the details presented during the corporate briefing session before making any investment decisions. Therefore, a HOLD recommendation is appropriate at this time.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements NCPL Signal: SELL

📉 NCPL: SELL Signal (8/10) – Financial Results for the 1st Quarter ended September 30, 2025

⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) reported its financial results for the first quarter ended September 30, 2025. The company’s revenue experienced a significant decrease compared to the same period last year. Profitability also declined substantially, impacting the earnings per share. No cash dividend, bonus shares, or right shares were announced. The financial statements are unaudited.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue decreased to PKR 1,366.57 million from PKR 2,077.20 million in Q1 2024.
⚠️ Gross profit declined significantly to PKR 435.73 million from PKR 1,382.64 million.
😔 Profit after taxation decreased sharply to PKR 552.15 million from PKR 1,465.71 million.
💸 Earnings per share (EPS) dropped to PKR 1.50 from PKR 3.99.
❌ No cash dividend was announced for the quarter.
🚫 No bonus shares were declared.
🙅 No right shares were offered.
🤔 Administrative expenses increased to PKR 98.67 million from PKR 66.76 million.
⚠️ Other expenses decreased to PKR 5.63 million from PKR 66.71 million.
👍 Other income increased to PKR 290.88 million from PKR 239.14 million.
💰 Finance cost increased to PKR 1.55 million from PKR 0.90 million.
🏦 Cash and cash equivalents decreased to PKR -960.92 million from PKR 175.72 million.
📉 Total Equity decreased from PKR 23,227.02 million to PKR 23,779.17 million.

🎯 Investment Thesis

Given the significant decline in revenue and profitability, SELL NCPL. The negative cash flow position and lack of dividend announcement further weaken the investment case. Price target: PKR 20, Time horizon: SHORT_TERM

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements NCPL Signal: HOLD

⏸️ NCPL: HOLD Signal (5/10) – Filling of Certified Copy of Resolutions Passed by the Shareholders in Compliance with the requirements of Regulation 5.6.9 of the Rule Book

⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) has announced the filing of certified resolutions passed by shareholders during their Annual General Meeting (AGM) held on October 27, 2025. The resolutions include the adoption of the annual audited financial statements for the year ended June 30, 2025, along with the Chairman’s Review, Directors’ and Auditor’s reports. Furthermore, the shareholders ratified the previously paid interim cash dividends of Rs. 7 per share, representing a 70% dividend payout. Additionally, Riaz Ahmad & Co., Chartered Accountants, were re-appointed as external auditors for the year ending June 30, 2026, and the CEO was authorized to negotiate their remuneration.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ NCPL filed certified resolutions from its AGM held on October 27, 2025.
💰 Shareholders adopted the audited financial statements for the year ended June 30, 2025.
👍 The adoption includes the Chairman’s Review, Directors’, and Auditor’s reports.
💸 Interim cash dividends of Rs. 7 per share (70% payout) were ratified.
🗓️ The dividend pertains to the year ended June 30, 2025.
👨‍💼 Riaz Ahmad & Co. re-appointed as external auditors for the year ending June 30, 2026.
🤝 CEO authorized to negotiate and fix the auditors’ remuneration.
🏢 The AGM was held at Emporium Mall, The Nishat Hotel, Lahore.
📜 Resolutions comply with Regulation 5.6.9 of the Rule Book.
✉️ The announcement was addressed to the General Manager, Pakistan Stock Exchange.
📅 Announcement date: October 27, 2025.
👤 Khalid Mahmood Chohan, Head of Corporate Affairs, signed the announcement.

🎯 Investment Thesis

HOLD. The announcement confirms past dividend payouts and routine governance procedures. Without access to the financial statements, it is not possible to form a strong investment thesis. Wait for detailed financial releases to assess profitability and growth potential before making a BUY or SELL decision. A price target will be determined upon financial statement analysis. Time horizon: Medium term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements NCPL Signal: SELL

📉 NCPL: SELL Signal (8/10) – TRANSMISSION OF QUARTERLY FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) reported a significant decline in its financial performance for the quarter ended September 30, 2025. Turnover decreased to PKR 1,366 million from PKR 2,077 million in the same period last year (SPLY), and profit after tax plummeted to PKR 552 million from PKR 1,466 million SPLY. This resulted in a lower Earnings Per Share (EPS) of PKR 1.50 compared to PKR 3.99 SPLY. The reduction in capacity tariff and delayed payments due to the Amendment Agreement (AA) negatively impacted turnover and profit. The company dispatched more power this quarter, but faces headwinds from rising furnace oil prices and reduced tariffs.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue declined to PKR 1,366 million, a significant drop from PKR 2,077 million SPLY.
Profit after tax sharply decreased to PKR 552 million from PKR 1,466 million SPLY.
💸 Earnings Per Share (EPS) fell to PKR 1.50 from PKR 3.99 SPLY.
🚫 The reduction in capacity tariff impacted financial results.
⏱️ Delayed payments under the Amendment Agreement (AA) further strained financials.
🏭 The company dispatched 17,857 MWH of power, up from 8,054 MWH SPLY.
⚙️ Plant capacity factor improved to 4.13% from 1.86% SPLY.
✅ Plant availability factor remained high at 99.57% (99.89% SPLY).
⚠️ Rising furnace oil prices and reduced tariffs pose challenges.
⚡ Strategic investment made in NexGen, an Electric Vehicle (EV) manufacturer, to diversify portfolio.
💰 Receivables from the Power Purchaser stood at PKR 1,359 million.
overdue receivables amount to PKR 1,013 million.
📈 Other income increased to PKR 290.884 million from 239.144 million SPLY.
🏦 Cash and cash equivalents sharply decreased to (960,919) from 175,721 thousand SPLY.

🎯 Investment Thesis

I recommend a SELL rating for NCPL. The company’s financial performance is declining due to adverse regulatory changes and increasing operational costs. While the strategic investment in the EV sector might offer long-term potential, the near-term outlook remains challenging. The current headwinds outweigh any potential upside, warranting a cautious approach. The Price target of PKR 15.0 based on a 10x multiple of expected forward earnings. The time horizon is SHORT_TERM

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements NCPL Signal: HOLD

⏸️ NCPL: HOLD Signal (5/10) – BOARD MEETING

⚡ Flash Summary

NCPL announced: BOARD MEETING. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

NCPL made announcement: BOARD MEETING
Automated analysis: HOLD signal detected
Signal strength: 5/10
This is basic analysis – manual review recommended
Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for NCPL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 20, 2025

announcements NCPL Signal: HOLD

⏸️ NCPL: HOLD Signal (5/10) – NOTICE OF ANNUAL GENERAL MEETING

⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) has announced the Annual General Meeting (AGM) to be held on October 27, 2025, in Lahore. The meeting will cover the approval of the audited financial statements for the year ended June 30, 2025, ratification of a 70% interim dividend (Rs. 7.00 per share), and appointment of statutory auditors for 2025-26. Shareholders are encouraged to attend, with instructions provided for physical attendance, proxy appointments, and video link participation. The company has electronically transmitted the AGM notice and annual report and offers hard copies upon request.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ The Annual General Meeting (AGM) will be held on October 27, 2025 (Monday) at 12:15 P.M. in Lahore.
✅ Agenda includes adopting audited financial statements for the year ended June 30, 2025.
💰 Shareholders will vote to ratify interim dividends of 70%, equivalent to Rs. 7.00 per share.
🧑‍⚖️ Appointment of statutory auditors for the year 2025-26 will be discussed and finalized.
🔒 The Ordinary Shares Transfer Books will be closed from October 20, 2025, to October 27, 2025.
✉️ Physical transfers must be received by October 17, 2025, at Hameed Majeed Associates.
👤 Members can appoint proxies, with specific requirements for individuals and corporate entities.
🆔 Shareholders must provide original CNIC/Passport for verification when attending the meeting.
💻 The company transmits annual reports electronically with QR codes and web links.
🌐 The Annual Report for 2025 is available on the company’s website.
📞 Shareholders can contact the Share Registrar for unclaimed dividends/shares.
📹 Video link participation is available; registration is required by October 20, 2025, via email.
📑 Submission of a copy of CNIC is mandatory for physical share certificate holders.
🚫 No gifts will be distributed at the meeting.

🎯 Investment Thesis

Given the limited new information, maintain a HOLD rating. The dividend ratification is positive, but a thorough review of the audited financials is needed before making any changes. The price target is under review and will be updated after the financial statements are released. Maintain a MEDIUM_TERM investment horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements NCPL Signal: HOLD

⏸️ NCPL: HOLD Signal (5/10) – NOTICE OF ANNUAL GENERAL MEETING

⚡ Flash Summary

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ The Annual General Meeting (AGM) will be held on October 27, 2025 (Monday) at 12:15 P.M. in Lahore.
✅ Agenda includes adopting audited financial statements for the year ended June 30, 2025.
💰 Shareholders will vote to ratify interim dividends of 70%, equivalent to Rs. 7.00 per share.
🧑‍⚖️ Appointment of statutory auditors for the year 2025-26 will be discussed and finalized.
🔒 The Ordinary Shares Transfer Books will be closed from October 20, 2025, to October 27, 2025.
✉️ Physical transfers must be received by October 17, 2025, at Hameed Majeed Associates.
👤 Members can appoint proxies, with specific requirements for individuals and corporate entities.
🆔 Shareholders must provide original CNIC/Passport for verification when attending the meeting.
💻 The company transmits annual reports electronically with QR codes and web links.
🌐 The Annual Report for 2025 is available on the company’s website.
📞 Shareholders can contact the Share Registrar for unclaimed dividends/shares.
📹 Video link participation is available; registration is required by October 20, 2025, via email.
📑 Submission of a copy of CNIC is mandatory for physical share certificate holders.
🚫 No gifts will be distributed at the meeting.

🎯 Investment Thesis

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements NCPL Signal: SELL

📉 NCPL: SELL Signal (8/10) – TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2025

⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) reported a significant decline in financial performance for the year ended June 30, 2025. Revenue plummeted to PKR 5.57 billion, compared to PKR 15.22 billion in the previous year, primarily due to reduced capacity factor. The company incurred a loss after tax of PKR 3.38 billion, a stark contrast to the net profit of PKR 4.91 billion in 2024. This translates to a loss per share of PKR 9.19, a considerable deviation from the earnings per share of PKR 13.37 in the prior period. The adverse financial results were influenced by lower generation demand, reduced capacity tariff components, and the impact of an amendment agreement (‘AA’).

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

📉 Revenue decreased significantly by 63.4% year-over-year, from PKR 15.22 billion to PKR 5.57 billion.
❌ The company recorded a loss after tax of PKR 3.38 billion in 2025, contrasting with a profit of PKR 4.91 billion in 2024.
📉 Loss per share was PKR 9.19 in 2025 compared to earnings per share of PKR 13.37 in 2024.
🏭 Electricity dispatch to Power Purchaser significantly reduced to 57,209 MWH from 240,447 MWH.
⚡️ Plant capacity factor declined to 3.34% from 13.99%.
✅ Availability factor remained high at 99.74% compared to 93.77%.
📜 AA encompasses significant financial impacts approved by the Board of Directors on December 4, 2024.
Hybrid Take-and-Pay model implemented from November 1, 2024.
🤝 Full and final settlement of past dues and claims by Power Purchaser improved liquidity position.
💰 Receivables from Power Purchaser reduced to PKR 1,464.17 million from PKR 13,170.21 million.
🚫 Overdue receivables decreased to PKR 1,052.83 million from PKR 10,170.06 million.
💵 Two interim dividends at 50% and 20% respectively have been declared and distributed.
💰 An overhauling reserve of PKR 5,509 million created.

🎯 Investment Thesis

Given the significant decline in financial performance, including a substantial loss, reduced revenue, and the negative impact of the amendment agreement, a SELL recommendation is warranted. The company needs to demonstrate a sustainable recovery in operational performance and profitability before considering an investment. A price target cannot be determined without more information. The time horizon is long-term, pending evidence of a turnaround.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

NCPL PSX Announcements Signal-SELL

📉 NCPL: SELL Signal – Financial Results for the Year Ended 30 June 2025

📉 Trading Signal & Analysis

SignalSELL

Strength7 / 10

SentimentNEGATIVE

Financial ImpactHIGH

What this means: 📉 Loss News: Company lost money this quarter. Stock price may fall because investors worry about companies that are not making profit.

🏢 Company & Announcement

SymbolNCPL

CompanyNishat Chunian Power Limited

DateSep 29, 2025

Time3:04 PM

Announcement Title:

Financial Results for the Year Ended 30 June 2025

🧠 Investment Thesis

Given the reported loss and absence of dividends, Pakistani retail investors should exercise caution. A ‘SELL’ signal is suggested due to poor financial performance. Investors should closely monitor the company’s future announcements and industry trends to reassess their positions. The stock price could decrease in the near term.

📋 Key Highlights

No final cash dividend, bonus shares, or right shares were recommended.
The company reported a loss after taxation of PKR 3,375.920 million for the year ended June 30, 2025, compared to a profit of PKR 4,912.312 million in the previous year.
Loss per share is PKR 9.19 compared to earning per share of PKR 13.37 last year.
Revenue from contract with customer decreased from 15,215.087 million to 5,566.149 million
The Annual General Meeting (AGM) will be held on October 27, 2025.
Book closure from October 20, 2025, to October 27, 2025.

⚠️ Risk Assessment

Significant decrease in revenue and shift from profit to loss could indicate operational or market challenges.
Lack of dividend payout might deter investors seeking regular income.
High trade debts which potentially create liquidity issue
Significant decrease in cash and bank balances

📄 Source Document

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🔍 Raw Analysis Data

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{
  "sentiment": "NEGATIVE",
  "signal": "SELL",
  "strength": 7,
  "brief_summary": "Nishat Chunian Power Limited (NCPL) announced its financial results for the year ended June 30, 2025. The company did not recommend any dividends (cash, bonus, or right shares). The company experienced a significant loss after taxation. Investors should be aware of the company's AGM schedule and book closure dates.",
  "key_points": [
    "No final cash dividend, bonus shares, or right shares were recommended.",
    "The company reported a loss after taxation of PKR 3,375.920 million for the year ended June 30, 2025, compared to a profit of PKR 4,912.312 million in the previous year.",
    "Loss per share is PKR 9.19 compared to earning per share of PKR 13.37 last year.",
    "Revenue from contract with customer decreased from 15,215.087 million to 5,566.149 million",
    "The Annual General Meeting (AGM) will be held on October 27, 2025.",
    "Book closure from October 20, 2025, to October 27, 2025."
  ],
  "financial_impact": "HIGH",
  "price_target": "Likely to decrease in short-term due to negative earnings report.",
  "risk_factors": [
    "Significant decrease in revenue and shift from profit to loss could indicate operational or market challenges.",
    "Lack of dividend payout might deter investors seeking regular income.",
    "High trade debts which potentially create liquidity issue",
    "Significant decrease in cash and bank balances"
  ],
  "investment_thesis": "Given the reported loss and absence of dividends, Pakistani retail investors should exercise caution. A 'SELL' signal is suggested due to poor financial performance. Investors should closely monitor the company's future announcements and industry trends to reassess their positions. The stock price could decrease in the near term.",
  "simple_note": "\ud83d\udcc9 Loss News: Company lost money this quarter. Stock price may fall because investors worry about companies that are not making profit."
}

Disclaimer: This analysis is AI-generated and for informational purposes only. It is not financial advice. Please conduct your own research before making any investment decisions.

Written by: FoxLogica News Analysis

Published on: September 30, 2025