PSO Q1 Profit Explodes 502% to Rs11.2B

KARACHI: Pakistan State Oil (PSO), Pakistan’s dominant oil marketing giant (PSX: PSO), has unleashed a staggering consolidated profit after tax of Rs11.2 billion for the quarter ended September 30, 2025, skyrocketing over 502% from Rs1.85 billion in the same period last year.

Key Financial Highlights (Q1 FY26):

• Earnings Per Share (EPS): Soared to Rs22.43 from Rs6.07.
• Revenue: Registered at Rs771.9 billion, down 7% from Rs827.2 billion.
• Gross Profit: Exploded 36% to Rs33.73 billion.
• Profit from Operations: Catapulted 145% to Rs23.04 billion.
• Profit Before Tax: Surged 285% to Rs20.43 billion.

PSO’s blockbuster profitability was propelled by a ferocious margin expansion, decisively neutralizing a top-line dip. Despite revenue sliding 7% to Rs771.9 billion, the cost of products sold plummeted faster at 8% to Rs738.2 billion, igniting a 36% gross profit surge to Rs33.73 billion—signaling dramatically enhanced per-unit profitability.

This operational firepower was amplified by ruthless cost discipline. Operating expenses were slashed, and finance costs plunged over 38% to Rs6.94 billion, unlocking massive earnings. The outcome: profit from operations more than doubled, rocketing 145% to Rs23.04 billion. This stellar performance reflects a highly favorable pricing environment and razor-sharp cost control throughout the quarter.