Sitara Petroleum Service posts Rs5bn profit in FY26

Mettis Global reported that Sitara Petroleum Service Limited (PSX: SPSL) lifted its net profit by 69% in the financial year that closed on June 30, 2026. Earnings reached Rs4.98bn, compared with Rs2.95bn a year earlier, while basic and diluted earnings per share rose to Rs3.46 from a restated Rs2.11.

Sales grew 9% to Rs133.23bn from Rs121.95bn, while cost of sales increased by a smaller 8% to Rs125.18bn. That gap lifted gross profit 46% to Rs8.05bn, which the report attributes to stronger margins, supported by pricing conditions and cost control. Other income rose to Rs185.58m from Rs46.34m, while finance cost fell 12% to Rs1.01bn.

Administrative and general expenses more than tripled to Rs545.78m, and a Rs98.39m share of loss from an associate appeared for the first time. The board declared a final payout of Rs1.00 per share, which equals 100%, for the same period.