Pakistan Oilfields Limited (POL) has reported a strong financial performance for the year ended June 30, 2026, with both profitability and earnings per share showing significant improvement compared with the previous year.
According to the company’s financial statements, POL recorded profit after tax of Rs31.92 billion during FY2026, compared with Rs24.18 billion in FY2025. This represents an increase of approximately 32% year-on-year. Earnings per share also improved to Rs112.45, up from Rs85.19 a year earlier.
Revenue and operating performance improve
The company’s standalone net sales increased to approximately Rs63.03 billion in FY2026 from Rs57.12 billion in the previous year. Gross profit also rose to around Rs42.25 billion, compared with Rs39.80 billion in FY2025.
POL’s operating performance was supported by higher sales, while exploration costs declined substantially during the year. The company reported exploration costs of approximately Rs4.71 billion, compared with Rs11.18 billion in FY2025.
Profit before income tax and final taxes stood at approximately Rs41.87 billion, compared with Rs36.03 billion a year earlier. After taxation and other adjustments, profit for the year reached Rs31.92 billion.
Consolidated profit jumps nearly 47%
The group’s consolidated results were even stronger. Consolidated net sales increased to approximately Rs64.25 billion, compared with Rs58.55 billion in FY2025.
According to the consolidated statement, profit attributable to the owners of Pakistan Oilfields Limited reached Rs33.56 billion, compared with Rs22.95 billion in the previous year. Overall consolidated profit for the year stood at Rs33.84 billion, up from Rs22.99 billion.
This translates into a rise of roughly 47% in consolidated profit, highlighting a significant improvement in the group’s overall financial performance.
Consolidated earnings per share also increased sharply to Rs119.08, compared with Rs80.89 in FY2025.
Strong cash generation
POL also maintained a healthy cash-generating position during the year. Standalone cash provided by operating activities amounted to approximately Rs37.03 billion, compared with Rs23.52 billion in FY2025.
On a consolidated basis, cash generated from operating activities reached approximately Rs37.15 billion, up substantially from Rs23.68 billion in the previous year.
The company ended the year with consolidated cash and cash equivalents of approximately Rs109.61 billion, compared with Rs109.64 billion at the beginning of the year. The figures underline POL’s strong liquidity position despite significant capital expenditure and dividend payments.
Rs72.50 final dividend recommended
The company’s strong results have also been accompanied by a substantial shareholder payout.
POL’s Board of Directors recommended a final cash dividend of Rs72.50 per share for the year ended June 30, 2026. The company stated that this dividend is in addition to the interim dividend of Rs27.50 per share already paid during the year.
This brings the total cash dividend for FY2026 to Rs100 per share, subject to the applicable corporate approvals.
Annual General Meeting scheduled for October
The company has scheduled its Annual General Meeting for October 19, 2026, at 10:00 a.m. at the Pearl Continental Hotel in Rawalpindi.
According to the company’s notice, the share transfer books will remain closed from October 13 to October 19, 2026, both days inclusive, for the purpose of determining entitlement to the final cash dividend.
The financial results point to a solid year for Pakistan Oilfields, with higher profitability, improved earnings per share, strong operating cash flows and a substantial dividend payout. The sharp increase in consolidated earnings further strengthens the company’s financial position heading into the new fiscal year.
