OGDC's FY25 profit falls to Rs170bn

September 23, 2025 (MLN): Oil & Gas Development Company Limited (PSX: OGDC) reported financial results for the year ended June 30, 2025, posting a profit after tax of Rs169.90 billion, down 18.70% from Rs208.98bn in the preceding year.

The company's earnings per share (EPS) also saw a corresponding drop, falling to Rs39.50 from Rs48.59 in FY24.

Despite lower profitability, the Board of Directors approved a final cash dividend of Rs5 per share (50%). Together with interim payouts of Rs10.05 per share already disbursed, this takes the total dividend for the year to Rs15.05 per share the highest ever distribution by the company.

The decline in profitability was primarily driven by a drop in top line revenue. The company's net sales for the year stood at Rs401.18bn, marking a 13.48% decrease from Rs463.70bn in the previous year. As a result, gross profit also fell by 18.25% to Rs231.61 billion from Rs283.31 billion in FY24.

On the positive side, the company managed to decrease its operating expenses by 2.71% to Rs120.20bn.

A significant contribution to the bottom line came from "Finance and other income," which surged by 97.90% to Rs81.82bn, up from Rs41.34bn last year. Finance costs also saw a reduction of 18.72% to Rs5.81 billion.

After accounting for all income and expenses, the company's profit before taxation stood at Rs279.31bn, a modest decrease of 4.93% from Rs293.79bn in FY24.

However, taxation charges increased by 29.01% to Rs109.41bn, which led to the steeper decline in the final profit for the year.

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