APL delivers robust 60% profit growth

October 28, 2025 (MLN): Attock Petroleum Limited (PSX: APL), one of Pakistan's leading oil marketing companies, reported a profit after tax of Rs3.81 billion for the quarter ended September 30, 2025, marking a robust 59.82% increase from Rs2.38bn in the corresponding period last year.

Earnings per share (EPS) surged 59.78% to Rs30.63, compared to Rs19.17 in the same quarter of 2024.

The company's sales grew 3.81% year-on-year to Rs119.07bn, up from Rs114.70bn, demonstrating steady revenue performance during the quarter.

Net sales increased 4.49% to Rs117.78bn from Rs112.72bn, after accounting for sales tax and government levies of Rs1.29bn, which decreased 35.17% from Rs1.98bn in the prior year.

Meanwhile, cost of products sold rose marginally by 1.44% to Rs110.23bn, leading to a gross profit of Rs7.55bn, up an impressive 86.48% from Rs4.05bn last year. Gross margin improved substantially to 6.4%, compared to 3.6% in the same period of 2024.

Operating expenses decreased 3.81% to Rs2.39bn, showing improved operational efficiency.

The company recorded a net impairment reversal on financial assets of Rs16.0m, compared to Rs3.3m in the prior year, showing a 383.24% increase. Other income declined 5.90% to Rs567.0m from Rs602.6m.

Driven by enhanced gross margins and controlled operating costs, profit from operations surged 143.90% to Rs5.75bn, compared to Rs2.36bn in the prior-year quarter.

Finance income declined significantly by 38.97% to Rs1.41bn, while finance costs rose marginally by 1.02% to Rs490.9m, resulting in net finance income of Rs921.8m, down 49.60% from Rs1.83bn last year.

Share of profit of associates accounted for under the equity method contributed Rs1.2m, a turnaround from a loss of Rs4.3m in the corresponding quarter of 2024.

Other charges increased 59.37% to Rs457.9m from Rs287.3 million in the prior year.

Profit before income tax and final taxes rose dramatically by 59.58% to Rs6.22bn from Rs3.90bn last year.

The company did not incur any levies during the current quarter, compared to Rs108,000 in the prior year.

After accounting for an income tax provision of Rs2.40bn, up 59.21% from Rs1.51bn, profit before taxation stood at Rs6.22bn, representing a significant 59.58% increase from Rs3.89bn in the corresponding quarter of 2024.

The net profit margin improved to 3.2%, compared to 2.1% in the same quarter last year.

The quarterly performance highlights Attock Petroleum's strong profitability growth driven by modest revenue expansion, substantially improved gross margins, controlled operating expenses, and sustained demand in Pakistan's petroleum sector, reinforcing the company's position as a key player in the country's oil marketing industry.

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