OGDCL Posts Strong FY2026 Results, Declares Highest-Ever Dividend

Oil and Gas Development Company Limited (OGDCL) has delivered a strong financial performance for the year ended June 30, 2026, with profit, earnings per share and shareholder returns all showing significant improvement.

In a notification dated September 4, 2026, OGDCL informed the Pakistan Stock Exchange that its Board of Directors had recommended a final cash dividend of Rs6 per share, equivalent to 60%. This comes on top of interim dividends of Rs11 per share, taking the total dividend for the financial year to Rs17 per share, or 170%. The company described this as its highest-ever dividend.

Profit rises sharply

According to the financial statements, OGDCL recorded a profit after tax of approximately Rs242.37 billion during FY2026, compared with around Rs169.90 billion in the previous year. This represents an increase of roughly 43% year-on-year.

The company’s earnings per share also climbed substantially, reaching Rs56.35, compared with Rs39.50 in FY2025.

The improvement highlights the company’s continued ability to generate strong earnings from its core oil and gas operations despite the challenging environment facing the energy sector.

Revenue also records growth

OGDCL’s revenue from contracts with customers increased to approximately Rs449.19 billion, up from Rs401.18 billion a year earlier. At the same time, the company reported a gross profit of about Rs246.80 billion, compared with Rs231.61 billion in FY2025.

The financial statements also show that total comprehensive income for the year stood at approximately Rs240.13 billion, compared with Rs158.17 billion in the previous year.

Record payout strengthens shareholder appeal

The standout feature of OGDCL’s announcement is its dividend payout. With the recommended final dividend of Rs6 per share added to the Rs11 per share already paid as interim dividends, shareholders are set to receive a total of Rs17 per share for FY2026.

The company said the payout represents its highest-ever dividend. Shareholders whose names appear in the register of members on October 8, 2026 will be entitled to the final dividend. The share transfer books will remain closed from October 9 to October 16, 2026.

Production remains an important part of the business

The notes to the financial statements also provide a snapshot of OGDCL’s production profile. For FY2026, the company reported crude oil/condensate production of approximately 11.09 million barrels, natural gas production of about 244.5 billion cubic feet, liquefied petroleum gas production of roughly 244,656 metric tonnes, and sulphur production of approximately 14,526 metric tonnes.

These operations remain central to OGDCL’s financial performance and its position as a major player in Pakistan’s energy sector.

AGM scheduled for October

The company has also announced that its Annual General Meeting (AGM) will be held on October 16, 2026, at 11:00 a.m. in Islamabad. OGDCL said its annual report for the year ended June 30, 2026, would be transmitted separately through PUCARS within the specified timeframe.

A strong year for OGDCL

Overall, OGDCL’s FY2026 results present a positive picture, combining higher profitability with improved earnings per share and a record dividend payout. The company’s Rs17-per-share total dividend is particularly significant for investors looking for income from Pakistan’s listed energy companies.

With its strong earnings performance and record shareholder distribution, OGDCL enters the new financial year from a position of considerable financial strength.