Oilboy Energy loss widens 38% YoY

January 06, 2026 (MLN): Oilboy Energy Limited (PSX: OBOY) reported a 38.4% YoY increase in its net loss for the year ended June 30, 2025.

The company posted a loss after tax of Rs52.62 million [LPS: Rs2.10], compared to a loss of Rs32.42m [LPS: Rs1.30] in the previous year.

According to the statement of profit and loss, the deterioration at the bottom line came despite a sharp 47.9% YoY surge in revenue, which rose to Rs395.71m in FY25 from Rs206.38m last year.

The strong topline growth shows higher sales volumes during the period.

However, the topline growth was largely offset by a 45.4% increase in cost of revenue, which stood at Rs387.03m, limiting the improvement at the gross level.

As a result, the company posted a gross profit of Rs8.68m, reversing a gross loss of Rs4.79m in FY24.

This translated into a gross profit margin of 2.2%, compared to a gross loss margin of 2.3% in the previous year.

Administrative expenses increased by 32.0% YoY to Rs29.50m, exerting pressure on operating performance.

Despite this, the operating loss narrowed by 19.4% YoY to Rs20.83m, supported by the turnaround at the gross level and better cost management in other areas.

Other income rose significantly by 63.9% YoY to Rs11.68m, providing partial relief to earnings.

Meanwhile, finance costs declined sharply by 86.9% YoY to Rs5.23m, compared to Rs9.77m last year, showing lower borrowing costs during the period.

Consequently, loss before levy and taxation reduced to Rs14.37m YoY, while loss before taxation stood at Rs17.17m.

However, a substantially higher tax charge of Rs35.45m, compared to Rs0.96m last year, outweighed operational improvements and led to an expansion in net losses.

On the profitability front, the company recorded a net loss margin of 13.3% in FY25, compared to a net loss margin of 15.7% in the previous year.

This showed a marginal improvement in margin efficiency despite the higher absolute loss.

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