KARACHI: Pakistan State Oil (PSO) delivered a stable performance in first half of FY25, posting a net profit of Rs 11.2 billion and gross sales of Rs 1.74 trillion.
The company’s Board of Management reviewed the group’s performance for the half-year ended December 31, 2024, in a meeting held on February 13, 2025. The group reported a net profit of Rs 9.1 billion translating into earnings per share of Rs 19.48.
The company maintained its market position in the first half of FY25, with a 47.1 percent of the white oil segment driven by sales of 3,610 KMT. Sustaining a strong presence in the diesel market, PSO captured 48.1 percent share of the diesel market, with sales of 1,660 KMT, while its MoGas portfolio secured a market share of 41.5 percent with 1,601 KMT in sales. The company solidified its leadership in the jet fuel segment, securing a 99.1 percent market share with total sales of 326.8 KMT.
Furthermore, PSO achieved its highest-ever LPG sales in FY25, with record monthly growth of 22 percent, reaching 5.2 KMT in December 2024. Total LPG sales reached 27.56 KMT in the first half of FY25, reflecting a 10 percent increase from same period of FY24.
The company focused on delivering exceptional customer experiences by significantly expanding its retail footprint, reaching a milestone of 3,610 outlets across the country, complemented by the modernization of 111 convenience stores.
Building on its commitment to operational excellence, PSO expanded its deployment of Dispensing Unit Controllers (DUCs) to 50 additional retail sites, bringing the total coverage to 1,200 locations and enhancing data management and network monitoring capabilities.
The circular debt crisis continues to impact PSO’s financial performance, with receivables totalling Rs 467 billion as of December 31, 2024, including Rs 340 billion owed by SNGPL. The company is working closely with the government to find solutions and resolve this longstanding issue.
Copyright Business Recorder, 2025
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