Attock Refinery Posts Major Profit Surge in FY2026

Attock Refinery Limited (ARL) has reported a significant improvement in its financial performance for the year ended June 30, 2026, with both standalone and consolidated earnings showing strong growth.

According to the company’s financial results, ARL recorded a standalone profit after tax of Rs22.10 billion during FY2026, compared with Rs11.97 billion in the previous year. This represents an increase of around 85% year-on-year.

The company’s revenue performance also strengthened during the year. Gross sales increased to approximately Rs493.42 billion, compared with Rs416.94 billion in FY2025. Net sales stood at around Rs341.59 billion, up from Rs301.33 billion a year earlier.

Refinery Operations Drive Earnings

Profit from refinery operations before taxation reached approximately Rs35.48 billion, compared with Rs18.15 billion in FY2025. After taxation, profit from refinery operations stood at Rs21.45 billion, nearly double the Rs11.07 billion recorded in the preceding year.

ARL also reported earnings per share of Rs207.32 for its refinery operations, compared with Rs103.88 in FY2025. Including non-refinery operations, total basic and diluted earnings per share stood at Rs207.32, compared with Rs112.30 previously.

Consolidated Profit More Than Doubles

The company’s consolidated results were even stronger. Consolidated profit after tax rose to Rs26.06 billion in FY2026 from Rs8.95 billion in FY2025, marking an increase of roughly 191%.

Consolidated gross sales reached approximately Rs493.62 billion, while net sales were reported at Rs341.79 billion. The consolidated earnings included contributions from the company’s associated and subsidiary operations.

Total consolidated comprehensive income also increased substantially to Rs33.90 billion, compared with Rs8.99 billion in the previous financial year. The company’s statement of comprehensive income also reflects a Rs7.83 billion surplus on revaluation of freehold land.

Rs17.50 Per Share Dividend Recommended

Alongside the strong annual results, ARL’s Board of Directors recommended a final cash dividend of Rs15 per share, representing 150%. The company stated that this is in addition to an interim cash dividend of Rs2.50 per share, taking the total dividend for the year to Rs17.50 per share, equivalent to 175%.

The company did not recommend any bonus shares or right shares, while no other entitlement or corporate action was announced in the filing.

Stronger Cash Position

ARL also maintained a healthy cash-flow position during the year. Standalone net cash generated from operating activities amounted to approximately Rs22.69 billion, while the company’s cash and cash equivalents increased to around Rs115.48 billion at June 30, 2026, compared with Rs87.19 billion a year earlier.

On a consolidated basis, net cash generated from operating activities stood at approximately Rs22.72 billion, and year-end cash and cash equivalents reached Rs115.78 billion.

Annual General Meeting Set for October 19

ARL has scheduled its Annual General Meeting for October 19, 2026, at 11:00 a.m. at Attock House, Morgah, Rawalpindi. According to the company’s notice, shareholders whose names appear on the share register on October 12, 2026 will be entitled to receive the dividend, subject to the applicable requirements.

The company’s FY2026 results point to a considerably stronger year, with higher sales, sharply improved profitability, stronger cash generation and a substantial dividend recommendation. The results underline the company’s improved earnings performance during the financial year ended June 30, 2026.