8th November 2025
EP Report
Summit Power reported a whopping 88 per cent year-on-year decline in profit to Tk 0.41 billion in FY25 due to the shutdown of nearly half of its plants and an impairment loss of Tk 1.52 billion shown in its financial statements.
As the government has shifted its power policy towards renewable energy and has become increasingly cautious about purchasing electricity from private producers to cut costs, companies like Summit Power are taking a major hit.
Around 77 per cent of Summit's plants run on heavy fuel oil (HFO), making them vulnerable to falling demand from the government.
Summit Power's earnings plunged to Tk 0.38 per share in FY25 from Tk 3.13 per share the year before.
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