PPL FY26 profit jumps 9% to Rs98bn

Mettis Global reported that Pakistan Petroleum Limited (PSX: PPL) lifted its consolidated net profit by 9 per cent to Rs97.68bn for the year to June 30, 2026, compared with Rs89.95bn in the previous year. Earnings per share climbed to Rs35.90 from Rs33.06, and the board proposed a cash payout of Rs6 per share as a final dividend.

According to the report, higher revenue, a 35 per cent fall in exploration write-offs and a lighter tax charge were the main drivers. Net revenue from customer contracts rose 9 per cent to Rs266.31bn, while gross profit grew 5 per cent to Rs160.16bn despite higher operating costs and royalties. Exploration expenses fell to Rs12.07bn from Rs18.54bn, and finance costs declined 17 per cent to Rs2.07bn.

Administrative expenses rose 20 per cent to Rs8.15bn and other charges increased 24 per cent to Rs14.57bn. Other income fell 45 per cent, and profit before tax was broadly unchanged at Rs135.89bn, while the tax charge dropped 19 per cent to Rs38.21bn.