Pakistan State Oil (PSO), the nation’s energy flagship, recorded a profit after tax of Rs15.07 billion, resulting in earnings per share (EPS) of Rs32.1 for the fiscal year ended June 30, 2026.
The company’s gross profit increased to Rs99.9 billion, compared with Rs96.7 billion in the previous fiscal year, read a statement on Friday.
The group’s financial performance also improved, with consolidated profit after tax reaching Rs25.49 billion, while consolidated revenue stood at Rs3.42 trillion.
Excluding LNG, gross profit from the core business increased by 20.5%, rising from Rs67.9 billion to Rs81.9 billion.
PSO Chief Executive Officer (CEO) Javed Ahmed Cheema said that fiscal year 2026 was a challenging year for the company. He said that fuel supplies across Pakistan were not disrupted for even a single day and that operations were carried out safely.
PSO posts profit-after-tax of Rs12.1bn in 1HFY26
Despite a Rs10.7 billion fluctuation in the LNG segment, the core business continued to grow, said PSO.
Trade receivables declined from Rs437.5 billion to Rs414.8 billion, while receivables from SNGPL alone decreased by Rs34.3 billion.
These measures, combined with lower discount rates, resulted in a 24% reduction in finance costs.
PSO maintained its leading position in the white oil market with a 42.7% market share, while further strengthening its position as Pakistan’s leading aviation fuel supplier, with a 99% market share.
During the year, the company also generated more than $360 million in foreign exchange by supplying fuel to international flights.
During the period, PSO continued to expand its retail network across the country, with the number of outlets increasing to 3,688. Meanwhile, its network of convenience stores expanded to more than 350 locations.
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