ATRL posts Rs6.4bn H1 profit
MG News | February 24, 2026 at 10:01 AM GMT+05:00
February 24, 2026 (MLN): Attock Refinery Limited (PSX:ATRL) posted a net profit of Rs6.41bn for the half year ended December 31, 2025, down 15.6% compared to Rs7.60bn in the same period last year.
The company declared an interim cash dividend of Rs2.50
per share, equivalent to 25%.
Earnings per share (EPS) stood at Rs60.14, showing a
15.6% decline year-on-year. Refinery operations recorded an EPS of Rs45.06,
down 23.6%, while non-refinery operations saw EPS rise to Rs15.08, up 22.2%.
Net sales dropped 14.7% to Rs137.17bn from Rs160.86bn,
primarily due to lower gross sales, partially offset by taxes, duties, levies,
discounts, and price adjustments.
Cost of sales decreased 15.4% to Rs132.09bn, resulting in
gross profit of Rs5.08bn, an 8.8% increase from Rs4.67bn last year, with gross
margin improving modestly.
Administrative expenses rose 7.9% to Rs941.2m, and
distribution costs increased 5.4% to Rs50.9m, while other charges fell 23.4% to
Rs597.7m.
Other income decreased by 39.8% to Rs4.53bn. Impairment
losses on financial assets amounted to Rs20.9m compared to a gain of Rs4.7m
last year.
Operating profit declined 23.8% to Rs8.00bn, supported by
a 17.8% reduction in net finance costs to Rs172.4m.
Profit before taxation stood at Rs7.83bn, down 23.9%
year-on-year, while adjusted profit before tax from refinery operations was
Rs7.71bn, a 25.1% decrease.
Following taxation of Rs2.90bn, profit after taxation
from refinery operations fell 23.6% to Rs4.80bn.
Share of profit from associated non-refinery companies increased 22.2% to Rs1.61bn, partially offsetting the decline in refinery earnings. Total profit for the period amounted to Rs6.41bn.
|
STATEMENT OF PROFIT OR
LOSS FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (Rs.000) |
|||
|
Description |
2025 |
2024 |
Change (%) |
|
Gross sales |
201,575,391 |
220,166,175 |
-8.44% |
|
Taxes, duties, levies,
discount and price differential |
(64,404,974) |
(59,308,852) |
8.59% |
|
Net sales |
137,170,417 |
160,857,323 |
-14.73% |
|
Cost of sales |
(132,091,468) |
(156,190,122) |
-15.43% |
|
Gross profit |
5,078,949 |
4,667,201 |
8.82% |
|
Administration expenses |
(941,232) |
(872,396) |
7.89% |
|
Distribution cost |
(50,894) |
(48,298) |
5.37% |
|
Other charges |
(597,669) |
(780,022) |
-23.38% |
|
Other income |
4,533,753 |
7,529,890 |
-39.79% |
|
Impairment (loss)/reversal
on financial assets |
(20,887) |
4,728 |
-541.77% |
|
Operating profit |
8,002,020 |
10,501,103 |
-23.80% |
|
Finance cost - net |
(172,387) |
(209,781) |
-17.83% |
|
Profit before income tax
(refinery & subsidiary) |
7,829,633 |
10,291,322 |
-23.92% |
|
Final taxes - levy |
(121,388) |
||
|
Adjusted Profit Before
Tax (Refinery) |
7,708,245 |
10,291,322 |
-25.10% |
|
Taxation |
(2,903,836) |
(4,006,406) |
-27.52% |
|
Profit After Taxation
(Refinery) |
4,804,409 |
6,284,916 |
-23.56% |
|
Share in profit of
associated companies (Non-refinery) |
1,607,522 |
1,315,539 |
22.19% |
|
Profit for the period
(Total PAT) |
6,411,931 |
7,600,455 |
-15.64% |
|
EPS - Refinery
operations (Rs) |
45.06 |
58.95 |
-23.56% |
|
EPS - Non-refinery
operations (Rs) |
15.08 |
12.34 |
22.20% |
|
Total Earnings per share
(Rs) |
60.14 |
71.29 |
-15.64% |
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