PPL Posts Rs98.5bn Profit in FY2026, Up 7.1% YoY

KARACHI: Pakistan Petroleum Limited (PPL) has reported a 7.1% year-on-year increase in profit after tax to Rs98.53 billion for the year ended June 30, 2026, compared with Rs92.03 billion in the previous year.

The Board of Directors has recommended a final cash dividend of Rs 6.00 per share or 60% on Ordinary Shares. This is in addition to interim cash dividends of Rs 6.00 per share (60%) on Ordinary and Rs 3.00 per share (30%) on Convertible Preference Shares already paid during the year.

According to the company’s unconsolidated financial statement of profit or loss, revenue from contracts with customers increased 8.9% to Rs264.01 billion in FY26 from Rs242.52 billion in FY25. PPL’s gross profit rose 5.4% to Rs160.01 billion, compared with Rs151.80 billion a year earlier.

The company’s exploration expenses declined significantly to Rs11.10 billion from Rs15.68 billion, while administrative expenses increased to Rs 7.98 billion from Rs 6.68 billion. Finance costs stood at Rs2.00 billion, slightly lower than Rs2.42 billion recorded in FY25.

However, PPL’s profit before taxation declined 1.7% to Rs136.70 billion from Rs139.08 billion, mainly reflecting a sharp reduction in other income. Other income fell to Rs13.14 billion in FY26 from Rs24.17 billion in FY25. The company paid Rs38.17 billion in taxation during the year, compared with Rs47.06 billion in FY25.

Despite the decline in profit before tax, lower taxation helped PPL post a higher bottom-line profit of Rs98.53 billion.

The company’s basic and diluted earnings per share (EPS) increased to Rs36.21 in FY26 from Rs33.82 in FY25, representing an increase of around 7.1%.

Pakistan Petroleum Limited’s total assets increased to Rs1.025 trillion as of June 30, 2026, compared with Rs927.15 billion a year earlier, reflecting growth of around 10.5%. Non-current assets rose to Rs278.88 billion from Rs230.64 billion, mainly due to higher property, plant and equipment and long-term investments.

Current assets also increased significantly to Rs745.75 billion from Rs696.51 billion in FY25. Trade debts rose to Rs623.45 billion from Rs592.40 billion, while short-term investments climbed to Rs95.06 billion from Rs74.16 billion. Cash and bank balances also increased to Rs7.17 billion from Rs6.20 billion.

On the equity side, PPL’s share capital remained unchanged at Rs27.21 billion, while reserves increased to Rs752.33 billion from Rs678.63 billion. Consequently, total equity rose to Rs779.54 billion as of June 30, 2026, compared with Rs705.84 billion a year earlier.