PSO posts over Rs15bn profit in FY26

KARACHI: Pakistan State Oil (PSO) recorded a profit after tax of Rs15. 07 billion during the fiscal year ended June 30, 2026, with earnings per share (EPS) of Rs32. 1, while gross profit increased to Rs99. 9 billion from Rs96. 7 billion in the previous fiscal year. According to the company’s financial results, PSO’s consolidated profit after tax stood at Rs25. 49 billion, while consolidated revenue reached Rs3. 42 trillion during FY2026. The company’s core business also posted growth, with gross profit excluding LNG rising 20. 5 percent to Rs81. 9 billion from Rs67. 9 billion in the preceding fiscal year. READ MORE: PSO demonstrates operational resilience with sustained profitability in 9MFY26 PSO Chief Executive Officer Javed Ahmed Cheema described FY2026 as a challenging year for the company and said PSO successfully navigated the operating environment while maintaining uninterrupted fuel supplies across Pakistan. He said fuel supplies were not disrupted for a single day during the year and that the company’s operations were conducted safely. According to Cheema, despite a Rs10. 7 billion fluctuation in the LNG segment, the company’s core business continued to expand, contributing to an improvement in its overall business position compared with the previous year. The company also reported improvement in working capital management, with trade receivables declining to Rs414. 8 billion from Rs437. 5 billion. It said receivables from SNGPL alone decreased by Rs34. 3 billion during the year. PSO said the reduction in receivables, together with lower discount rates, contributed to a 24 percent reduction in finance costs during FY2026. The company maintained a 42. 7 percent market share in the white oil segment, while its aviation fuel business accounted for a 99 percent market share, according to the results. During the year, PSO generated more than USD 360 million in foreign exchange through fuel supplies to international flights. The company also continued to expand its retail operations across the country. Its retail outlet network increased to 3, 688 outlets, while the number of convenience stores exceeded 350 locations. Copyright Business Recorder, 2026

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