PSO posts over Rs15bn profit in FY26

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

PSO's core business also experienced growth, with gross profit excluding LNG increasing by 20.5 percent to Rs81.9 billion from Rs67.9 billion in the prior fiscal year. CEO Javed Ahmed Cheema described FY2026 as a challenging year, emphasizing PSO's ability to maintain uninterrupted fuel supplies across Pakistan without any disruptions.

The company's operations were conducted safely throughout the year. Despite a fluctuation of Rs10.7 billion in the LNG segment, PSO's core business continued to expand, contributing to an overall improvement in the company's position compared to the previous year. Working capital management improved, with trade receivables declining to Rs414.8 billion from Rs437.5 billion.

The reduction in receivables, along with lower discount rates, led to a 24 percent decrease in finance costs during FY2026. PSO maintained a dominant market share of 42.7 percent in the white oil segment and a 99 percent share in aviation fuel. The company generated over USD 360 million in foreign exchange through fuel supplies to international flights and continued to expand its retail operations, increasing its retail outlet network to 3,688 outlets and convenience stores to over 350 locations.