Pakistan Oxygen Posts 76% Jump in Q1 Profit as Sales and Margins Improve

KARACHI: Pakistan Oxygen Limited reported a strong financial performance for the first quarter ended March 31, 2026, with profit after tax rising by more than 76% year-on-year, driven by robust sales growth and improved operating profitability.

According to the company’s financial results, profit after tax increased to Rs690.06 million during the January–March 2026 quarter, compared with Rs391.46 million recorded in the corresponding period last year. Earnings per share (EPS) also improved significantly to Rs7.92, up from Rs4.49 a year earlier.

The company’s net sales rose to Rs3.61 billion, reflecting healthy demand across its operations, compared with Rs2.95 billion in the same quarter of 2025. Higher revenues, coupled with effective cost management, lifted gross profit to Rs1.57 billion, an increase of nearly 58% from Rs995.62 million in the previous year’s corresponding quarter.

Operating performance also strengthened considerably. Operating profit before other income climbed to Rs1.21 billion, compared with Rs774.46 million a year earlier. Although finance costs remained part of the expense base, they declined substantially to Rs78.61 million from Rs142.06 million, providing additional support to bottom-line growth.

Before taxation, the company posted a profit of Rs1.14 billion, up sharply from Rs625.63 million in the same period last year. After accounting for taxation of Rs446.04 million, Pakistan Oxygen achieved its strongest quarterly earnings in the comparative period.

The board of directors did not recommend any cash dividend, bonus shares, or right shares for the quarter ended March 31, 2026.

On the financial position side, the company’s total assets stood at Rs20.65 billion as of March 31, 2026, while total equity increased to Rs12.42 billion, supported by higher retained earnings generated during the quarter.

The latest results highlight Pakistan Oxygen’s strong start to 2026, with higher sales, expanding profitability, and improved operational efficiency positioning the company for continued growth in the coming quarters.