NEA net profit falls 49.2 percent to Rs 5.04 billion

Kathmandu, August 18, 2026 — The Nepal Electricity Authority (NEA) recorded a net profit of Rs 5.04 billion in the last fiscal year, down 49.2 percent from Rs 8.06 billion a year earlier.

The state-owned power utility’s net earnings declined by Rs 3.97 billion year-on-year, continuing a downward trend in recent years. The authority had posted a net profit of Rs 13.31 billion in fiscal year 2023/24.

According to NEA officials, fluctuations in the US dollar exchange rate were a key factor behind the decline. The authority’s financial liabilities related to exchange-rate fluctuations increased 272.86 percent to Rs 11.51 billion.

NEA Director General Dirghayu Kumar Shrestha said the rise in loan and interest liabilities, depreciation expenses and other operating costs also contributed to the reduction in net profit.

Despite the decline in net earnings, the authority recorded growth in revenue and several operating indicators. Its total income reached Rs 166 billion, while revenue from electricity sales increased 18.2 percent to Rs 148.62 billion.

The NEA’s overall profit rose 13.17 percent to Rs 31.23 billion, while operating profit increased 7.28 percent to Rs 24.81 billion. The authority attributed the improvement to stronger operational performance, lower electricity leakage and increased electricity exports.

The utility’s total assets grew 8.9 percent to Rs 771.19 billion. Projects currently under construction account for investments worth Rs 206.26 billion.

Meanwhile, the NEA is providing free electricity to 2.588 million domestic customers using 5-ampere meters. The average electricity selling price stands at Rs 9.68 per unit, while average annual electricity consumption per customer has increased to 2,088 units.