PSO reports over Rs15bn profit in FY2026

Pakistan State Oil (PSO) reported a profit of Rs15.07 billion after tax, with earnings per share reaching Rs32.1 for the fiscal year ending June 30, 2026. The company's gross profit rose to Rs99.9 billion, up from Rs96.7 billion in the previous fiscal year. Consolidated profit after tax amounted to Rs25.49 billion, with consolidated revenue totaling Rs3.42 trillion.

PSO's performance was bolstered by a 20.5% increase in gross profit from its core business, which expanded from Rs67.9 billion to Rs81.9 billion. CEO Javed Ahmed Cheema acknowledged that 2026 was a challenging year, emphasizing that fuel supplies across Pakistan remained uninterrupted. The company managed to keep operations safe and efficient.

Even with a Rs10.7 billion fluctuation in the LNG segment, PSO's core business continued to grow. Trade receivables decreased from Rs437.5 billion to Rs414.8 billion, while trade receivables from SNGPL alone fell by Rs34.3 billion. These improvements, coupled with lower discount rates, led to a 24% reduction in finance costs.

PSO maintained its leading position in the white oil market, holding a 42.7% market share. It also strengthened its role as Pakistan's leading aviation fuel supplier, with a 99% market share. The company generated over $360 million in foreign exchange by supplying fuel to international flights during the period. Additionally, PSO expanded its retail network, increasing the number of outlets to 3,688, and its convenience stores network reached more than 350 locations.