Attock Refinery profit falls sharply in FY25
MG News | August 11, 2025 at 12:55 PM GMT+05:00
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.
|
Consolidated Statement
of Profit and Loss for the Year Ended June 30, 2025 (Rs ‘000’) |
|||
|
Category |
Jun-25 |
Jun-24 |
%Change |
|
Gross sales |
417,133,384 |
505,445,812 |
-17.47% |
|
Taxes, duties, levies,
discount and price differential |
(115,613,429) |
(122,373,902) |
-5.52% |
|
Net sales |
301,519,955 |
383,071,910 |
-21.29% |
|
Cost of sales |
(291,592,115) |
(354,126,203) |
-17.66% |
|
Gross profit |
9,927,840 |
28,945,707 |
-65.70% |
|
Administration expenses |
1,869,455 |
1,508,244 |
23.95% |
|
Distribution costs |
114,465 |
103,191 |
10.93% |
|
Other charges |
1,420,715 |
2,941,842 |
-51.71% |
|
Other income |
12,244,752 |
15,052,216 |
-18.65% |
|
Net impairment reversal
on financial assets |
12,218 |
54,738 |
-77.68% |
|
Operating profit |
18,780,175 |
39,499,384 |
-52.45% |
|
Finance (cost) / income |
(526,206) |
175 |
|
|
Profit before income tax
and final tax from refinery operations and subsidiary |
18,253,969 |
39,499,559 |
-53.79% |
|
Final taxes - levy |
(186,872) |
(164,227) |
13.79% |
|
Profit before income tax
from refinery operations and subsidiary |
18,067,097 |
39,335,332 |
-54.07% |
|
Taxation |
(6,921,515) |
(14,927,033) |
-53.63% |
|
Profit for the year from
refinery operations and subsidiary |
11,145,582 |
24,408,299 |
-54.34% |
|
(Loss) / profit for the
year from non-refinery operations |
2,139,571 |
1,486,517 |
43.93% |
|
Impairment (loss) /
reversal on investment in an associated company |
(4,336,686) |
(845,078) |
413.17% |
|
Share in loss of
associated companies |
(2,197,115) |
641,439 |
|
|
Profit for the year |
8,948,467 |
25,049,738 |
-64.28% |
|
Refinery operations and
subsidiary |
104.54 |
228.94 |
-54.34% |
|
Non-refinery operations |
(20.61) |
6.02 |
|
|
|
83.93 |
234.96 |
-64.28% |
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