K-Electric (KE) reported a profit after tax of Rs4.13 billion for the fiscal year ended June 30, 2024, the company’s Board of Directors announced after approving the annual financial results on September 23, 2025.

The results translate into a 3.56% return on equity and 0.87% return on property, plant, and equipment (PPE).

However, the company noted that tough macroeconomic conditions — high inflation, elevated policy rates, and increased consumer tariffs — continued to weigh on operational performance.

Aggregate technical and commercial (AT&C) losses rose by 1.8 percentage points in FY24, reflecting lingering effects of earlier economic disruptions.

Meanwhile, the recovery ratio slipped to 91.5% from 92.8% a year earlier, as inflation and tariff hikes eroded consumers’ paying capacity.

KE highlighted operational gains, including the addition of the 900MW BQPS-III plant, which pushed fleet gross efficiency to 49.5% (HHV), and enhanced transmission capacity through new transformers at Dhabeji-2, DHA-4, and Korangi East. Total transformation capacity stood at 7,095 MVA by year-end.

Looking ahead, the utility said it remains focused on strengthening operational performance, scaling up anti-theft measures, and pursuing long-term investments across the value chain to create value for stakeholders.