In the fiscal year 2025, Engro Powergen Qadirpur Limited (EPQL) experienced a significant decline in earnings, despite remaining profitable. According to Business Recorder, the company's revenue fell by 10% year-on-year to Rs11.9 billion, primarily due to a major scheduled outage and lower capacity payments under the hybrid take-and-pay model. This resulted in a 53% drop in gross profit and a 60% decrease in profit before tax. Profit after tax plummeted by 61% to less than a billion rupees. However, the year was marked by 'balance-sheet repair and liquidity normalization,' as EPQL received a Rs7.4 billion bullet payment in the first quarter, which significantly reduced working-capital pressure and decreased overdue receivables to around Rs1 billion by December 2025.