APL profit falls by nearly 25% in FY25

MG News | August 11, 2025 at 11:15 AM GMT+05:00

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August 11, 2024 (MLN): Attock Petroleum Limited (PSX: APL) reported a net profit of Rs10.39 billion [EPS: Rs83.53] for the year ended June 30, 2025, down 24.81% compared to Rs13.82bn [EPS: Rs111.09] recorded in the same period last year (SPLY).

The company declared a final cash dividend of Rs13 per share, or 130%, in addition to the interim dividend of Rs12.5 per share, or 125%, already paid.

The company’s sales declined by 10.34% to Rs482.43bn from Rs538.10bn in SPLY, while net sales fell 9.92% to Rs474.10bn.

Cost of products sold decreased 9.72% to Rs455.27bn, resulting in a 14.58% drop in gross profit to Rs18.83bn.

Operating expenses rose 12.71% to Rs8.56bn from Rs7.59bn in SPLY.

Other income increased 10.98% to Rs2.22bn, while net impairment loss on financial assets stood at Rs8.84mn compared to a reversal of Rs54.45mn last year.

Operating profit fell 24.37% to Rs12.48bn, whereas finance income dropped 24.75% to Rs7.25bn.

Finance cost increased 24.11% to Rs2.01bn, pulling net finance income down 34.61% to Rs5.24bn.

Share of profit from associates surged 541.05% to Rs470.53mn, while other charges fell 27.72% to Rs1.22bn.

Profit before taxation stood at Rs16.98bn, marking a decline of 25.25% from Rs22.71bn in SPLY.

The provision for taxation fell 25.93% to Rs6.59bn, leading to the 24.81% drop in net profit for the year.

Statement of Profit and Loss for the Period Ended June 30, 2025 (Rs '000')
Note	Jun-25	Jun-24	%Change
Sales	482,429,343	538,095,084	-10.34%
Sales tax and other government levies	(8,332,036)	(11,778,328)	-29.26%
NET SALES	474,097,307	526,316,756	-9.92%
Cost of products sold	(455,268,128)	(504,274,285)	-9.72%
GROSS PROFIT	18,829,179	22,042,471	-14.58%
Operating expenses	(8,557,501)	(7,592,323)	12.71%
Net impairment (loss) / reversal on financial assets	(8,842)	54,445
Other income – net	2,221,307	2,001,627	10.98%
OPERATING PROFIT	12,484,143	16,506,220	-24.37%
Finance income	7,249,743	9,633,783	-24.75%
Finance cost	(2,009,131)	(1,618,810)	24.11%
Net finance income	5,240,612	8,014,973	-34.61%
Share of profit of associates (equity method)	470,529	73,400	541.05%
Other charges	(1,216,405)	(1,682,827)	-27.72%
PROFIT BEFORE INCOME TAX AND FINAL TAXES	16,978,879	22,911,766	-25.89%
Final taxes – levies	(174)	(198,751)
PROFIT BEFORE TAXATION	16,978,705	22,713,015	-25.25%
Provision for taxation	(6,586,117)	(8,891,385)	-25.93%
PROFIT FOR THE YEAR	10,392,588	13,821,630	-24.81%
Earnings per share – Basic and diluted (Rupees)	83.53	111.09	-24.81%

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