PSO reports over Rs15bn profit in FY2026

Business Recorder reported that Pakistan State Oil posted earnings after tax of Rs15.07 billion for the year that ended June 30, 2026, equal to Rs32.1 per share. Gross profit climbed to Rs99.9 billion from Rs96.7 billion a year earlier, according to a company statement released on Friday. On a consolidated basis, the group recorded a profit after tax of Rs25.49 billion on revenue of Rs3.42 trillion.

Excluding LNG, the core business lifted gross profit by 20.5%, reaching Rs81.9 billion against Rs67.9 billion previously. The company said an LNG swing of Rs10.7 billion did not stop core growth. Receivables dropped to Rs414.8 billion from Rs437.5 billion, and together with lower discount rates this pulled finance costs down 24%.

CEO Javed Ahmed Cheema called fiscal 2026 a challenging year but said fuel never stopped flowing across the country and operations ran safely. PSO held a 42.7% share of the white oil market and 99% of aviation fuel, while sales of fuel to international flights brought in over $360 million in foreign currency. Retail outlets rose to 3,688, while convenience stores exceeded 350 locations.