During the company’s annual general meeting held Tuesday, with over
81% shareholder participation, CEO Jal Khani announced a net profit of 129
trillion rials ($258 million), up from 92.7 trillion rials, with earnings per
share (EPS) reaching 3,310 rials. The board’s proposal to distribute a
3,000-rial ($0.06) cash dividend per share was approved.
The CEO also noted that Fajr’s capital was raised to 39 trillion rials
(~$780 million), part of a strategy to modernize pricing structures and enhance
shareholder value.
Electricity and steam sales accounted for 98% of operational income,
with electricity alone contributing 75%. Fajr’s power generation capacity
currently stands at 1,690 tons of steam per hour, serving numerous
petrochemical plants in the Pars Special Economic Zone.
The company is also pursuing reforms in energy pricing to address
investment risk concerns. Other operational challenges include currency access,
seasonal fuel shortages, and water scarcity.
Despite these hurdles, Fajr Energy reaffirmed its commitment to
maximizing profitability, financial resilience, market expansion, and supply
chain optimization, reinforcing its role in the country’s petrochemical value
chain.