PSO posts profit after tax of Rs15.07 billion in FY26

KARACHI: Pakistan State Oil reported a profit after tax of Rs15.07 billion for the fiscal year ended June 30, 2026, with earnings per share of Rs32.1, according to the company's financial results. Gross profit increased to Rs99.9 billion from Rs96.7 billion in the previous fiscal year, while consolidated profit after tax stood at Rs25.49 billion and consolidated revenue reached Rs3.42 trillion.

The company said its core business also grew, with gross profit excluding LNG rising 20.5 per cent to Rs81.9 billion from Rs67.9 billion a year earlier. Chief Executive Officer Javed Ahmed Cheema described FY2026 as a challenging year and said PSO navigated the operating environment while maintaining uninterrupted fuel supplies across Pakistan, with no disruption for a single day and operations conducted safely. He said that despite a Rs10.7 billion fluctuation in the LNG segment, the core business continued to expand, improving the company's overall business position compared with the previous year.

PSO reported an improvement in working capital management, with trade receivables declining to Rs414.8 billion from Rs437.5 billion. Receivables from SNGPL alone fell by Rs34.3 billion during the year. The company said the reduction in receivables, together with lower discount rates, contributed to a 24 per cent reduction in finance costs in FY2026.

According to the results, PSO maintained a 42.7 per cent market share in the white oil segment, while its aviation fuel business accounted for a 99 per cent share. The company said it generated more than USD 360 million in foreign exchange during the year through fuel supplies to international flights. Its retail outlet network increased to 3,688 outlets, and the number of convenience stores exceeded 350 locations.