OGDCL announces record Rs242.4bn profit for fiscal year 2025-26

Oil and Gas Development Company Limited (OGDCL) declared a record-breaking profit of Rs242.4 billion for the fiscal year 2025-26, marking a 43% increase compared to the previous year. The company's profit after tax for the first nine months of the fiscal year, excluding the US-Israel war with Iran, was Rs115 billion, while the post-tax profit surged to Rs128 billion in the same period due to the global oil price hike.

OGDCL's full-year profit after tax reached Rs242.4 billion, a 43% rise from FY2024-25, with net sales revenue totaling Rs449.191 billion. The company's earnings per share (EPS) also saw a significant increase to Rs56.35 from Rs39.50 a year earlier. OGDCL paid a final cash dividend of Rs6 per share, the highest-ever quarterly dividend, alongside interim dividends of Rs11 per share, resulting in a total payout of Rs17 per share (170% annually).

The company contributed Rs187 billion to the national exchequer through various levies and generated estimated foreign exchange savings of $3.31 billion through import substitution. OGDCL's market capitalization rose to approximately Rs1.44 trillion, reinforcing its status as Pakistan's largest listed company. The company also achieved several operational milestones, including the first major discovery of high-grade lithium in geothermal brine in Khairpur district, Sindh, successful ramp-up of production to surpass 40,000 barrels per day, and commissioning of the Baragzai X-1 well.