PPL reports Rs99bn FY26 profit, makes 11 discoveries

Pakistan Petroleum Ltd PPL reported profit after tax of Rs99 billion for FY26 and received shareholder approval for its financial statements at its annual general meeting on Tuesday. Shareholders also approved a final cash dividend of 60% on ordinary shares, bringing the total dividend for the year to 120%.

The company recorded collections of Rs284 billion, its highest-ever, and reported average production of 649mmcfd, around 3% above the previous year despite gas curtailment. It drilled seven exploration wells and four development wells, and made 11 discoveries across operated and partner-operated assets, adding 242 BCF to 2P reserves.

PPL secured eight offshore blocks in Pakistan’s Offshore Bidding Round 2025, two as operator and six as partner. It also continued development at Offshore Block 5 in Abu Dhabi through Pakistan International Oil Ltd, and established PPL Minerals as a dedicated business unit as it expands into minerals.

PPL closed at Rs215.27 on Tuesday, October 27.