NRL returns to profit with Rs6.16bn earnings in FY26

National Refinery Limited returned to profitability in FY26, with Mettis Global reporting a net profit of Rs6.16 billion for the twelve months to June 30, 2026. That compares with a loss of Rs14.87 billion in the same period last year. The turnaround was driven by a sharp improvement in refining margins, lifting earnings per share to Rs77.09 from a loss of Rs185.91.

Top-line revenue climbed 44% to Rs588.55 billion, from Rs408.07 billion a year earlier. Net revenue, after Rs147.71 billion of discounts, duties and other deductions, grew 43% to Rs440.84 billion. Cost of sales rose 33% to Rs417.30 billion, but gross profit moved into positive territory at Rs23.54 billion against a loss of Rs6.23 billion a year earlier.

Distribution costs rose 77% to Rs1.58 billion and administrative expenses climbed 22% to Rs1.36 billion, while other operating expenses reached Rs824.86 million. Operating profit came in at Rs20.16 billion, and net finance cost fell 10% to Rs9.28 billion. After levies of Rs665.66 million and a tax charge of Rs4.05 billion, profit after tax came to Rs6.16 billion.