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.