"Befajr" on the Path to Reconstruction and Surge; Fajr Energy's Net Profit Reaches 8.5 Trillion Rials ($170M) / 1,700 Rials Dividend Distributed to Shareholders and 50 Trillion Rials ($1B) of Receivables Collected
The Annual General Meeting of Fajr Energy Persian Gulf Company was held with the presentation of a report on profitability growth, the collection of 50 trillion Rials ($1 billion) in receivables, the payment of 44 trillion Rials ($880 million) in liabilities, and the rapid recovery of critical production infrastructure following the crisis.
According to the Public Relations of Fajr Energy Persian Gulf, the company's Annual General Meeting was held on July 22, 2026, with the presence of a majority of shareholders at the Andisheh Hall of the Islamic Revolution Art Center. At the conclusion, the shareholders approved the distribution of 1,700 Rials (approx. $0.034) dividend per share.
In this assembly, the CEO of Fajr Energy Persian Gulf, while commemorating the company's fallen personnel, presented a report on the financial and operational performance, as well as the measures taken to reconstruct and stabilize the company's operations.
Seyyed Mohammad Ahmadzadeh, presenting a report on the notable financial performance for the concluded year, added: The company's reported net profit in the fiscal year ending March 2026 has increased from approximately 6.4 trillion Rials (approx. $128 million) in the previous fiscal year to 8.5 trillion Rials (approx. $170 million). A growth that, alongside the company's operational performance, indicates an improvement in profitability capacity and the strengthening of Fajr Energy's position in the country's petrochemical industry value chain.
Continuing the report, one of the most important topics presented by the CEO was the company's significant performance in the area of liquidity management and receivables collection. According to the board of directors' report presented by Ahmadzadeh, from September 2025 to July 9, 2026, approximately 50 trillion Rials ($1 billion) of the company's historical and current receivables from customers have been collected; an action that has played a vital role in strengthening cash flow and increasing the company's capacity to fulfill financial obligations. Within this framework, 44 trillion Rials ($880 million) of Fajr Energy Persian Gulf's liabilities have also been settled up to July 2026.
Regarding operations, Ahmadzadeh stated in the board's annual report: Fajr Energy Persian Gulf, following the damages inflicted on production infrastructure, was able to complete the reconstruction and return-to-service process in a short period. The water and air utility units were re-commissioned in approximately two weeks at the end of April 2026, and the production of water, air, and the wastewater treatment unit also returned to stable conditions.
He specified: Production sustainability has been pursued through the periodic implementation of major overhauls of the units, and to remove operational obstacles, a production bottlenecks task force has been formed by unit. Furthermore, with the aim of accelerating the procurement of operational requirements, a procurement task force has been established in the company so that the process of supplying equipment and supplies for units is carried out with greater speed.
At the end of this assembly, with the approval of the financial statements and the selection of the official gazette, by the vote of the majority of shareholders, 1,700 Rials (approx. $0.034) dividend was distributed per share.
It is worth noting that Fajr Energy Persian Gulf, as the supplier of vital utility services to the petrochemical complexes of the Mahshahr region, plays a role beyond that of a utility-producing company. With the reliable supply of water, electricity, steam, air, and other auxiliary services, it is directly connected to the continuity of operations of dozens of petrochemical units and the sustainability of production in one of the country's most important industrial hubs.
