Attock Refinery Limited (ARL) has reported a significant increase in profitability for the first quarter ended September 30, 2026, reflecting a substantial improvement compared with the corresponding period last year.
According to the company’s unaudited financial results, ARL recorded a standalone profit after tax of approximately Rs18.65 billion for the quarter, compared with Rs1.45 billion in the same period of the previous year. Earnings per share also increased sharply, reaching Rs174.89 against Rs13.62 a year earlier.
Strong Improvement in Financial Performance
The refinery’s standalone net sales reached approximately Rs143.82 billion during the quarter, compared with Rs59.31 billion in the corresponding period of 2025. Gross profit rose to around Rs29.09 billion from Rs931.50 million, highlighting a considerable improvement in the company’s financial performance.
Profit before tax from refinery operations stood at approximately Rs20.37 billion, while profit after tax from refinery operations reached Rs18.52 billion. The company also reported a contribution from non-refinery operations, further supporting its overall earnings.
Consolidated Earnings Also Increase
At the consolidated level, Attock Refinery reported a profit after tax of approximately Rs19.61 billion for the quarter, compared with Rs2.40 billion in the same period last year. Consolidated earnings per share increased to Rs183.89 from Rs22.52.
Consolidated net sales stood at approximately Rs143.88 billion, while gross profit reached Rs29.15 billion. The results reflect a strong year-on-year increase in reported earnings for the group.
Cash Position and Financial Strength
The company’s cash flow statement also showed positive operating cash flow during the quarter. Standalone net cash generated from operating activities was approximately Rs20.52 billion, while consolidated operating cash flow stood at around Rs20.53 billion.
Cash and cash equivalents at the end of September 2026 were approximately Rs138.18 billion on a standalone basis and Rs134.49 billion on a consolidated basis. These figures indicate a substantial cash balance at the reporting date.
No Dividend or Bonus Issue Announced
Alongside its financial results, the company informed the Pakistan Stock Exchange that its board of directors had recommended no cash dividend, bonus shares, or right shares for the quarter ended September 30, 2026. No other entitlement or price-sensitive corporate action was reported in the announcement.
Outlook for Investors
Attock Refinery’s latest quarterly results show a marked improvement in reported profitability and earnings per share compared with the same quarter last year. Investors may follow future financial statements and company announcements to assess whether this performance can be sustained in the coming quarters.
However, quarterly results alone do not establish the company’s future profitability or determine the direction of its share price. Changes in refining margins, crude oil prices, operating costs, demand, and broader market conditions may influence future performance.
