NRL reports lower annual loss for FY25

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MG News | August 11, 2025 at 10:34 AM GMT+05:00

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August 11, 2024 (MLN): National Refinery Limited (PSX: NRL) has reported a loss after tax of Rs14.87 billion [LPS: Rs185.91] for the year ended June 30, 2025, down by 5.85% YoY compared to the Rs15.79bn [LPS: Rs197.46] loss recorded in the Same Period Last Year (SPLY).

During the year, the company’s revenue from contracts with customers increased by 2.81% YoY to Rs408.07bn as compared to Rs396.93bn in FY2024.

The net revenue calculation includes the payment of Rs100.41bn in trade discounts, taxes, duties, levies, and price differentials, showing a YoY increase of 13.99%.

As a result, the net revenue from contracts with customers stood at Rs307.66bn in FY2025, marginally lower by 0.38% YoY compared to Rs308.84bn in FY2024.

Cost of sales decreased by 0.86% YoY to Rs313.9bn, resulting in a gross loss of Rs6.23bn, down 19.74% YoY from Rs7.77bn last year.

On the expense side, distribution cost increased by 37.24% YoY to Rs891.01 million, while administrative expenses fell by 5.33% YoY to Rs1.12bn during the review period.

Other income increased by 61.82% YoY to Rs562.15m, whereas other operating expenses decreased by 83.45% YoY to Rs15.8m.

Operating loss reduced by 17.65% YoY to Rs7.7bn in FY2025.

Meanwhile, finance cost – net increased by 10.97% YoY to Rs10.33bn, leading to a loss before taxation and levies of Rs18.03bn, down 3.37% YoY. Levies surged by 84.58% YoY to Rs414.24m.

Consequently, the loss before taxation amounted to Rs18.44bn, down 2.32% YoY, while taxation increased by 15.69% YoY to Rs3.57bn in FY2025.

Statement of Profit and Loss for the Year Ended June 30, 2025 (Rs ‘000’)

Note

Jun-25

Jun-24

%Change

Revenue from contracts with customers

408,074,583

396,927,746

2.81%

Trade discounts, taxes, duties, levies and price differentials

(100,411,730)

(88,085,918)

13.99%

Net revenue from contracts with customers

307,662,853

308,841,828

-0.38%

Cost of sales

(313,897,084)

(316,609,825)

-0.86%

Gross loss

(6,234,231)

(7,767,997)

-19.74%

Distribution cost

(891,012)

(649,259)

37.24%

Administrative expenses

(1,117,601)

(1,180,566)

-5.33%

Other income

562,152

347,398

61.82%

Other operating expenses

(15,797)

(95,470)

-83.45%

Operating loss

(7,696,489)

(9,345,894)

-17.65%

Finance cost - net

(10,331,167)

(9,310,053)

10.97%

Loss before taxation and levies

(18,027,656)

(18,655,947)

-3.37%

Levies

(414,235)

(224,418)

84.58%

Loss before taxation

(18,441,891)

(18,880,365)

-2.32%

Taxation

3,574,969

3,090,150

15.69%

Loss after taxation

(14,866,922)

(15,790,215)

-5.85%

Loss per share - basic and diluted

(185.91)

(197.46)

-5.85%

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