PSO 1QFY27 profit nearly triples to Rs32bn

Mettis Global reported that Pakistan State Oil Company (PSO) earned consolidated net profit of Rs31.92bn in the three months to September 30, 2026, compared with Rs11.18bn a year earlier. Earnings per share rose to Rs62.66 from Rs22.43, while profit before tax increased to Rs55.36bn from Rs20.44bn.

Revenue advanced 16.2% to Rs896.60bn, but the larger change came in gross profit, which climbed 123.8% to Rs75.49bn as product costs grew more slowly than sales. The gross margin reached 8.42%, up from 4.37%; operating costs also rose 92.9% to Rs16.69bn, and taxation more than doubled to Rs23.44bn. The figures show a sharp increase in PSO’s quarterly earnings alongside higher operating expenses and tax charges.