POL profit soars 47%, declares Rs72.5 final dividend

According to Mettis Global, Pakistan Oilfields Limited lifted its profit by 47% to Rs33.84bn in the year to June 30, 2026, up from Rs22.99bn a year earlier. Per-share earnings rose to Rs119.08, against Rs80.89 in FY25. The board has announced a final payout of Rs72.50 for each share, on top of the Rs27.50 per share interim dividend already paid.

Gross sales rose 10% to Rs70.20bn, while net sales after sales tax and excise duty climbed 10% to Rs64.25bn. Operating costs jumped 23% to Rs14.83bn, and royalty and wellhead charges went up 10% to Rs7.12bn. Despite the higher upstream costs, gross profit improved 6% to Rs42.30bn from Rs40.05bn, while exploration costs fell 58% to Rs4.71bn.

That drop in exploration spending saved more than Rs6.47bn and lifted pre-tax profit. Finance costs also nearly halved to Rs2.54bn, while the company's share of associates moved from a loss of Rs2.97bn to a profit of Rs2.75bn. An impairment of Rs353.51m on associate investments was booked, and provision for taxation eased 9% to Rs9.86bn.