AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Engro Holdings Limited, formerly known as Dawood Hercules Corporation Limited, reported a significant rise in its profit-after-tax for the nine months ending September 30, 2025, as per its latest financial disclosure. The company’s consolidated profit-after-tax reached PKR 86,152 million, with earnings per share soaring to PKR 34.89, compared to PKR 13.21 in the same period last year.
The surge in profit largely stems from the reversal of previously recognized impairments related to thermal energy assets, which had been classified as “held for sale” in prior years. Excluding this one-off gain, the profit attributable to shareholders stood at PKR 15,156 million.
However, on a standalone basis, Engro Holdings reported a decline in profit-after-tax to PKR 370 million, down from PKR 6,114 million the previous year. This decrease is attributed to the transfer of income-generating investments to DH Partners, effective January 1, 2025, and a reduction in dividends from Engro Corp, which is retaining earnings to fund a significant towers transaction.
The financial results reflect the accounting impacts of several major events, including the creation of Engro Holdings, termination of agreements related to thermal energy assets, and the consolidation of Deodar Towers. These factors have influenced reported earnings per share and profit-after-tax, highlighting structural changes rather than a shift in business fundamentals.
In alignment with its strategic priorities, the Board has decided against declaring an interim dividend for 2025. The focus remains on funding the towers transaction, viewed as a pivotal investment for Engro’s future, expected to yield sustainable cash flows. Retaining earnings to support this initiative is deemed the optimal strategy for enhancing long-term shareholder value.