Pakistan Petroleum Awards Record Dividend to Shareholders After Big Year

Pakistan Petroleum Limited (PPL) announced record profits and dividends for fiscal year 2026, driven by higher oil prices and increased hydrocarbon production. The company's annual profit increased by 7% year-over-year, reaching Rs. 98.53 billion. PPL's earnings per share (EPS) for the fourth quarter of FY26 saw a remarkable 93% year-over-year increase and 80% quarter-over-quarter growth, resulting in an EPS of Rs.

13.74. The total dividend payout for the year reached a record Rs. 12 per share, with the fourth-quarter cash dividend set at Rs. 6 per share. The company's sales rose 64% year-over-year to Rs. 84.9 billion, mainly due to higher oil prices and production. PPL's gas fields, Kandhkot and Nashpa, saw significant increases in production - 18.6% YoY and 80% respectively.

However, Mari production declined by 4.3%. Among its oil fields, Nashpa output increased by 32.1% YoY, while production from the TAL Block rose by 28% to 12,687 barrels per day. The company's recovery ratio stood at 86% during the fourth quarter, with trade receivables totaling Rs. 623.4 billion. PPL also invested an additional Rs.

7.5 billion in the Reko Diq project in June 2026, bringing its total investment to Rs. 28.6 billion for the fiscal year, up from Rs. 12.7 billion in the previous year.