Oilboy EPS inches toward profit

January 22, 2026 (MLN): Oilboy Energy Limited (PSX: OBOY) posted a loss after taxation of Rs897.9m for the quarter ended September 30, 2025, marked a 92% improvement compared to a loss of Rs11.33bn in the same period last year.

Earnings per share (EPS) stood at Rs (0.04), up from Rs (1.18) in Q1 FY26.

The significant reduction in losses was primarily driven by lower cost of sales, a sharp decline in finance costs, and reduced administrative and other expenses.

The company’s net sales declined 51.3% to Rs46.39m in Q1 FY26 from Rs95.26m in the corresponding period of FY25.

Cost of sales fell 57.7% to Rs40.81m, resulting in a turnaround to a gross profit of Rs5.59m compared to a gross loss of Rs1.20m in Q1 FY25.

Administrative expenses decreased 13.1% to Rs6.05m, while finance costs dropped dramatically by 99.6% to Rs9,817. Other expenses were down 81.7% to Rs1,290, providing additional relief to the bottom line.

Other income fell 68.8% to Rs10,347. Loss before taxation stood at Rs466,336, down 95.7%. Taxation and levies decreased 24.2% to Rs431,578.

Despite a challenging top-line environment, the company managed to significantly curb losses through stringent cost control and reduced financing burdens.

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