Sitara Petroleum Service Delivers Significant Profit Growth in FY2026
Lahore: Sitara Petroleum Service Limited (SPSL) has reported a strong improvement in its financial performance for the year ended June 30, 2026, with annual profit rising substantially compared with the previous year.
According to the company’s financial results, SPSL recorded sales of Rs133.23 billion during FY2026, compared with Rs121.95 billion in the previous year. Gross profit also increased to Rs8.05 billion, from Rs5.52 billion a year earlier.
The company’s profit before taxation reached Rs5.21 billion, compared with Rs3.22 billion in FY2025. After taxation, profit for the year stood at Rs4.98 billion, significantly higher than the previous year’s Rs2.95 billion. Earnings per share consequently increased to Rs3.46 from Rs2.11.
The results also show a notable improvement in operating cash generation. Cash generated from operating activities rose to approximately Rs5.03 billion, compared with just Rs426.3 million in FY2025. The company ended the year with cash and cash equivalents of approximately Rs1.62 billion.
SPSL’s financial position also expanded during the year. Total assets stood at approximately Rs27.25 billion as of June 30, 2026, compared with Rs19.76 billion on a restated basis for the previous year. Property, plant and equipment increased to about Rs10.91 billion, while investments in associates stood at Rs506.6 million.
The company’s equity position strengthened as well, with total equity reaching approximately Rs18.00 billion, compared with Rs8.36 billion at June 30, 2025. The statement of changes in equity shows that the company also issued approximately Rs279.9 million worth of additional share capital during the year and recorded a share premium of approximately Rs4.56 billion.
Final Cash Dividend Announced
Alongside the financial results, the board recommended a final cash dividend of Rs1 per share, equivalent to 100 percent, for the year ended June 30, 2026. The dividend is to be paid to shareholders whose names appear in the company’s register on October 19, 2026.
The company also announced that its share transfer books will remain closed from October 20 to October 27, 2026, inclusive.
AGM Scheduled for October 27
SPSL has scheduled its Annual General Meeting (AGM) for October 27, 2026, at 9:00 a.m. in Lahore. The company stated that its financial statements are attached to the notice, while the annual report for the year ended June 30, 2026, will be transmitted separately through the Pakistan Stock Exchange’s PUCARS system.
Overall, the FY2026 financial statements show higher sales, stronger profitability, improved operating cash generation and a larger equity base. The reported increase in earnings per share and the recommended cash dividend are among the key developments highlighted in the company’s annual results.
