Kot Addu Power Co. Ltd.PSX: KAPCO

Corporate Briefing Presentation Revised

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‌KAPCO 2024-2025 Performance s Future Outlook



‌1985-1996

Construction by WAPDA

April 1996 - Company Incorporation Privatization 1996 - 36% stake sold to N.P

- UK

2021

25 Years PPA extended till Oct-22 following a settlement of LDs arbitration

2005

Listed on Stock Exchange

2025

April-Generation License for 495 MW extended for 3 years.

June-TPPA signed for 3 years

NEPRA issued final generation tariff for 495 MW in September

KAPCO - Timelines

Energy Block I

‌---------- Non IGCEP -----------

EB-II

Energy Block 3

Energy Block 2

GT1

100 MW

Siemens V94.2

GT3

100 MW

Fiat TG 50

GT4

100 MW

Fiat TG 50

GT2

100 MW

Siemens V94.2

GT5

100 MW

Alstom 9001E

GT6

100 MW

Alstom 9001E

GT7

100 MW

Alstom 9001E

GT8

100 MW

Alstom 9001E

GT 13

130 MW

Siemens V94.2

GT 14

130 MW

Siemens V94.2

STG 9

100 MW ABB DK2056

STG 10

100 MW ABB DK2056

STG 11

100 MW RATEAU VEGA209

STG 12

100 MW RATEAU VEGA209

STG 15

140 MW

Siemens

GT-3 C GT-4 has been sold for Rs. 800 million. Dismantling will complete by February 2026

Management is evaluating the option to use this block in CTBCM

KAPCO - Plant Overview

  • ‌Hybrid Take or Pay (ROE firmed upto 25% load factor). Additional ROE, only if load factor exceeds 25%.
  • Claw Back (50:50). Any savings in OCM to be passed on.
  • LSFO inventory - 7 days at full load.
  • Indexation - 5% or CPI whichever is lower.
  • Heat Rate - To be revised based on actual testing
  • Pass through - Tax, WPPF, WWF
  • GT Starts - 45 annual free GT starts to Power Purchaser

KAPCO - TPPA Techno-Commercial Terms s Conditions

3G.84%

40.25%

5.00%

5.48%

G.43%

  • KAPCO is a success story after privatization

    through a Public-Private Partnership (PPP) Model

  • KAPCO has been managed as per best utility practices since privatization in 1996

  • Total Dividend Payments since 1996: Rs. 168 Billion ( Rs. 191.04/share)

  • Total Dividend payment since listing in 2005 Rs. 132 Billion (Rs. 150.35/share)

  • KAPCO has paid ~ Rs. 73.20 Billion in Taxes

‌

WAPDA

KAPCO Employee Trust

MCB Bank

United Bank

General Public

KAPCO - Shareholding Structure s Performance

Advance,

Prepayments 6%

Cash and Bank

Balance 2%

Stores s Spares 6%

Stock in Trade 13%

Trade Debts 3%

Investment at Fair Value 67%

Contract Assets 3%

‌Current Assets (Rs. In '000)‌

2025

2024

Stores C Spares

3,942,262

3,953,694

Stock in Trade

7,709,492

9,836,471

Trade Debts

1,881,584

10,866,072

Contract Assets

1,563,320

-

Investment at Fair Value

41,071,844

47,425,903

Income Tax due from Government

-

540,523

Loans, Advances, and Other Receivables

3,865,517

3,926,935

Cash and Bank Balance

1,367,410

2,784,292

Total

61,401,42G

7G,333,8G0

Provision for Taxation-net

G%

Unclaimed Dividend

16%

Trade and Other Payables

75%

Current Liabilities (Rs. In '000)

2025

2024

Trade and Other Payables

5,896,023

7,059,152

Finances under Mark-up Arrangement

9,944,193

Provision for Taxation-net

728,456

Unclaimed Dividend

1,241,158

1,160,934

Total

7,865,637

18,164,27G

KAPCO - Balance Sheet Analysis



Profit s Loss Account (Rs. In '000)

2024-2025

2023-2024

Generation

Revenue from Contract with Customer

1,563,320

-

Cost of Sales

(2,001,477)

-

Gross Loss

(438,157)

-

Plant Maintenance and Preservation

(2,274,380)

(4,161,679)

Administrative Expenses

(656,467)

(710,823)

Other Operating Expenses

(460,942)

(438,601)

Other Income

7,073,435

14,630,058

Operating Profit

3,243,48G

G,318,G55

Finance Cost

(248,364)

(3,779,769)

Profit before Leve C Income Tax

2,995,125

5,539,186

Levy - Final Tax

(22,127)

(2,177,850)

Profit Before Income Tax

2,972,998

3,361,336

Income Tax

(436,933)

952,282

Profit for the Year

2,536,065

4,313,618

Earing Per Share - Basic C Diluted

2.88

4.90

‌Other Income 82%

Revenue from Contract with Customer

18%

Administrative Expenses

11%

Plant Maintenance and Preservation 37%

Other Operating

Expenses

8%

Finance Cost 4%

Levy - Final Tax 0%

Income Tax 7%

Cost of Sales 33%

KAPCO - Profit and Loss Account Analysis

‌WAY FORWARD s DIVERSIFICATION PLANS

‌KAPCO has invested approximately Rs. 41 billion as of June 30, 2025, in Mutual Funds for diversification in greenfield/brownfield projects.

The following are the significant developments/diversification plans under consideration.

  • KAPCO and Fauji Foundation submitted a joint bid to acquire Pharaon Investment Group's entire 84.06% stake in Attock Cement Pakistan Limited. If successful, each JV Partner will acquire a 42.03% stake in Attock Cement's issued and paid-up capital.

  • Approval from NEPRA (based on the Report of Auction and Evaluation Committee of K-Electric) for KAPCO's bids for the proposed K-Electric solar projects to be set up respectively at Deh Metha Ghar, Sindh (150 MW); and at Deh Halkani, District West, Karachi (120 MW) (bid tariff respectively of 9.8319 PKR/kWh (3.4061 Cents/kWh at reference exchange rate for USD/PKR 288.65)) is pending.

KAPCO - Diversification Plans

‌Thank You

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