Pakistan State Oil Company Limited (PSX: PSO) recorded a profit-after-tax (PAT) of Rs. 11.2 billion in the first quarter of fiscal year 2025-26, an increase of more than 502 percent compared to Rs. 1.85 billion in the same period last year, according to a notice sent to the Pakistan Stock Exchange on Tuesday.
The company’s earnings per share also rose to Rs. 22.43 from Rs. 6.07 in the corresponding period.
During the quarter, the company reported revenue of Rs. 771.9 billion, nearly 7 percent lower than Rs. 827.2 billion last year. However, the cost of products sold declined 8 percent to Rs. 738.2 billion. As a result, gross profit increased to Rs. 33.73 billion from Rs. 24.83 billion.
Other income stood at Rs. 4.96 billion, while operating expenses were Rs. 8.65 billion, down from Rs. 9.43 billion. Finance costs fell by more than 38 percent to Rs. 6.94 billion.
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Profit from operations rose to Rs. 23.04 billion, compared to Rs. 9.39 billion last year, an increase of over 145 percent.
PSO’s profit before tax came in at Rs. 20.43 billion, up 285 percent from Rs. 5.3 billion in the same quarter. The company paid Rs. 9.26 billion in taxes during the period.
