Karachi: Pakistan Petroleum Limited (PPL) has announced its financial results for the quarter ended March 31, 2026, reporting a decline in profitability for the first nine months of FY2026 compared to the corresponding period last year. Despite the lower earnings, the company rewarded shareholders with another interim cash dividend, reflecting confidence in its financial position.
According to the company’s financial statement, PPL posted an unconsolidated profit after tax of Rs. 61.16 billion for the nine months ended March 31, 2026, compared with Rs. 72.71 billion recorded during the same period last year. Earnings per share (EPS) stood at Rs. 22.48, down from Rs. 26.72 a year earlier. The decline was primarily attributed to lower revenues, reduced other income, and higher operating costs and exploration expenses.
For the third quarter alone, the company earned Rs. 20.77 billion, compared with Rs. 21.80 billion in the corresponding quarter of FY2025, while quarterly EPS declined to Rs. 7.63 from Rs. 8.01.
Revenue from contracts with customers during the nine-month period reached Rs. 179.04 billion, down from Rs. 190.72 billion in the same period last year. Gross profit also eased to Rs. 105.99 billion from Rs. 120.89 billion, reflecting a softer operating performance.
Despite the decline in earnings, PPL’s Board of Directors approved an interim cash dividend of Rs. 2.00 per share (20%). This is in addition to the Rs. 4.00 per share (40%) interim dividend already paid earlier during the financial year, taking the total interim payout to Rs. 6.00 per share (60%) for FY2026 so far. Shareholders whose names appear in the company’s register at the close of business on May 13, 2026, will be entitled to receive the latest dividend.
The company’s financial position remained strong, with total assets increasing to approximately Rs. 989.73 billion as of March 31, 2026, compared with Rs. 927.15 billion at the end of June 2025. Total equity also strengthened to Rs. 748.47 billion, highlighting PPL’s solid balance sheet despite the moderation in earnings.
Pakistan Petroleum Limited remains one of the country’s leading exploration and production companies, and its continued dividend payouts underscore management’s confidence in the company’s long-term operational and financial outlook, even amid a challenging business environment.
