OGDCL Announces Rs3.25 Interim Dividend as Nine-Month Profit Reaches Rs115.3 Billion

Islamabad: Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has announced its financial results for the nine months ended March 31, 2026, reporting a net profit of Rs115.26 billion while declaring an interim cash dividend of Rs3.25 per share (32.5%) for shareholders.

According to the company’s notification, the newly announced interim dividend is in addition to the Rs7.75 per share (77.5%) interim dividend already paid during the financial year. Shareholders whose names appear on the company’s register by May 11, 2026, will be entitled to receive the latest dividend, while the share transfer books will remain closed from May 12 to May 13, 2026.

During the first nine months of FY2026, OGDCL generated net sales of Rs300.13 billion, compared with Rs310.91 billion in the corresponding period last year. Despite the decline in revenue, the company maintained strong profitability, posting a profit before tax of Rs175.80 billion and profit after tax of Rs115.26 billion, translating into earnings per share (EPS) of Rs26.80, compared with Rs30.13 in the same period of FY2025.

For the third quarter alone, OGDCL reported a net profit of Rs47.15 billion, up from Rs42.24 billion recorded in the corresponding quarter of the previous year. Quarterly net sales also improved to Rs107.30 billion, reflecting resilient operational performance despite ongoing industry challenges.

The company’s balance sheet remained robust, with total assets standing at Rs1.72 trillion as of March 31, 2026, while shareholders’ equity increased to over Rs1.4 trillion, highlighting OGDCL’s strong financial position and capacity to continue rewarding investors.

OGDCL’s continued dividend payouts and healthy profitability underscore its status as one of Pakistan’s strongest state-owned enterprises. While earnings for the nine-month period moderated compared to last year, the company’s consistent cash generation, sizeable asset base, and commitment to shareholder returns reinforce confidence in its long-term growth prospects.