PRL staged financial turnaround with Rs16bn profit in FY26

Mettis Global reported that Pakistan Refinery Limited (PSX: PRL) moved from loss to profit in the fiscal year ended June 30, 2026. The company recorded a net profit of Rs15.78bn, against a deficit of Rs4.66bn a year earlier. Earnings per share reached Rs25.05, up from a loss per share of Rs7.40 in FY25.

Gross margins were the main driver of the change. Revenue climbed 13% to Rs350.84bn, while cost of sales rose only 3% to Rs318.45bn. That pushed gross profit to Rs32.39bn from Rs1.86bn, and operating profit reached Rs28.60bn against an operating loss of Rs176.56m a year before.

Overheads were largely contained, as selling expenses fell 8% to Rs729.20m while administrative costs rose 9% to Rs1.52bn. Finance costs increased 17% to Rs4.45bn, and other income dropped 62% to Rs1.03bn. A pre-tax profit of Rs24.15bn and corporate income tax of Rs8.37bn left the final net profit at Rs15.78bn.