Attock Petroleum Limited (APL) has delivered a strong financial performance for the nine-month period ended March 31, 2026, reporting a remarkable 92% increase in profit after tax, driven by higher petroleum product prices, improved gross margins, and gains from inventory management.
According to the company’s interim financial statements, net sales revenue rose 7% to Rs369.65 billion, compared to Rs346.74 billion recorded during the same period last year. Despite a 4% decline in overall sales volumes, largely due to reduced furnace fuel oil demand, weaker bitumen sales, and increased market competition, higher average selling prices helped boost revenue and profitability.
APL’s profit after tax surged to Rs14.76 billion during the nine-month period, up from Rs7.70 billion a year earlier. Earnings per share (EPS) climbed to Rs118.67, compared with Rs61.88 in the corresponding period of the previous year.
The company’s gross profit nearly doubled to Rs27.72 billion from Rs13.41 billion in the same period last year, benefiting from elevated petroleum prices amid ongoing geopolitical tensions in the Middle East. Operating profit also increased significantly to Rs23.11 billion, compared with Rs8.69 billion previously.
During the review period, APL expanded its nationwide retail network by adding 33 new fuel stations, taking its total outlet count to 811 across Pakistan. The company continued to strengthen its presence in major urban centers, motorway corridors, and emerging residential hubs to improve market reach and customer accessibility.
A key milestone for the company was its entry into the liquefied petroleum gas (LPG) segment through the commissioning of a new LPG storage and filling facility in Rawalpindi. The project is expected to diversify revenue streams and create a new source of long-term earnings.
APL also continued to invest in non-fuel retail initiatives, electric vehicle (EV) charging infrastructure, and renewable energy projects. The company is collaborating with HUBCO Green and Huawei to expand fast-charging facilities and solar-powered solutions across its network as part of its sustainability strategy.
Looking ahead, the company remains focused on strengthening its storage and logistics infrastructure. Ongoing projects include additional gasoline storage capacity at Rawalpindi and Port Qasim terminals, as well as the development of a new bulk oil terminal in Taru Jabba to support supply chain efficiency and future growth.
Management expressed confidence in the company’s long-term prospects, citing its expanding retail footprint, diversification initiatives, and continued investment in infrastructure as key drivers of sustainable growth in the years ahead.
