Attock Refinery profit falls sharply in FY25

August 11, 2025 (MLN): Attock Refinery Limited (PSX: ATRL) has posted a sharp decline in earnings for FY25, with profit after tax standing at Rs8.95 billion [EPS: Rs83.93], compared to Rs25.05bn [EPS: Rs234.96] in the same period last year (SPLY), reflecting a decrease of 64.28%.

The company declared a final cash dividend of Rs5 per share (50%), in addition to an interim dividend of Rs5 per share (50%), bringing the total payout to Rs10 per share (100%).

The company’s gross sales dropped 17.47% to Rs417.13bn from Rs505.45bn in SPLY.

Taxes, duties, levies, discount, and price differential amounted to Rs115.61bn, down 5.52% year-on-year (YoY), bringing net sales to Rs301.52bn, a decline of 21.29% YoY.

Cost of sales decreased 17.66% to Rs291.59bn, resulting in a 65.70% drop in gross profit to Rs9.93bn.

Administrative expenses rose 23.95% to Rs1.87bn, while distribution costs increased 10.93% to Rs114.47m.

Other charges fell 51.71% to Rs1.42bn, and other income dropped 18.65% to Rs12.24bn.

The company recorded a net impairment reversal on financial assets of Rs12.22m, down 77.68% from last year.

Operating profit fell 52.45% to Rs18.78bn, and finance cost stood at Rs526.21m compared to finance income of Rs175,000 in SPLY.

Profit before income tax and final tax from refinery operations and subsidiary fell 53.79% to Rs18.25bn, while final taxes rose 13.79% to Rs186.87m.

Profit before income tax from refinery operations and subsidiary decreased 54.07% to Rs18.07bn, with taxation declining 53.63% to Rs6.92bn.

As a result, profit for the year from refinery operations and subsidiary was Rs11.15bn, down 54.34% from Rs24.41bn in SPLY.

Non-refinery operations posted a profit of Rs2.14bn, up 43.93% from Rs1.49bn last year.

The company also recorded an impairment loss on investment in an associated company of Rs4.34bn, compared to Rs845.08m in SPLY, and a share in loss of associated companies of Rs2.20bn, versus a profit of Rs641.44m last year.

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