Rs10/share dividend recommended: PSO posts Rs25.49bn PAT

KARACHI: Pakistan State Oil (PSO) reported a consolidated profit after tax of Rs25.49 billion for fiscal year 2025-26 and recommended a final cash dividend of Rs10 per share at its 50th Annual General Meeting (AGM), held at PSO House, Karachi.

The company reported unconsolidated profit after tax of Rs15.07 billion for FY26. The meeting was chaired by Asif Baigmohamed, chairman of the Board of Management, and attended by Chief Executive Officer Jawwad Ahmed Cheema, board members and senior management.

PSO recorded gross revenue of Rs3.25 trillion during the year, while its core gross profit, excluding liquefied natural gas (LNG), increased 20.5 percent to Rs81.9 billion, according to the company.

Despite geopolitical volatility and disruptions in the Strait of Hormuz, PSO said it maintained uninterrupted fuel supplies across the country through diversified sourcing and measures to strengthen supply resilience. The company also retained its market leadership, securing a 99.2 percent share in aviation fuels and generating USD363.5 million in foreign exchange earnings.

During FY26, PSO pursued initiatives aimed at transforming its operations into an integrated energy group, including developments in renewable energy, digital payments, retail expansion and electric vehicle charging infrastructure. It also continued work on strategic energy infrastructure projects, while maintaining a focus on operational safety and sustainability.

The company reported zero fatalities over more than 53.87 million safe man-hours during the year. Through the PSO CSR Trust, it invested Rs665 million in healthcare, education, community development and flood relief.

At the AGM, management responded to shareholders’ queries and reiterated its commitment to safeguarding Pakistan’s energy security while pursuing sustainable growth and shareholder value. It also thanked shareholders for their continued confidence in the company.

According to PSO, shareholders commended management’s performance and leadership and expressed confidence in the company’s strategic direction and its contribution to Pakistan’s energy sector and economy.

Copyright Business Recorder, 2026