POL 3MFY27 profit surges 45%

October 20, 2026 (MLN): Pakistan Oilfields Limited (PSX: POL) reported a 45% surge in its consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs8.56bn compared to Rs5.89bn in the corresponding period last year.

Reflecting this bottom-line growth, basic and diluted earnings per share (EPS) attributable to owners expanded to Rs30.10, up from Rs20.74 in 1QFY26.

The primary drivers behind the quarterly performance were a 25% expansion in net sales alongside a 83% reduction in exploration costs and a 59% surge in net other income.

Gross sales grew 26% to Rs18.47bn, while net sales reached Rs16.79bn (after deducting sales tax of Rs1.56bn and excise duty of Rs125.56m), up from Rs13.42bn.

Operating costs rose 26% to Rs4.34bn and royalty/wellhead charges increased 29% to Rs1.87bn, pushing gross profit up 24% to Rs10.58bn compared to Rs8.53bn in 1QFY26.

Exploration expenses contracted significantly by 83% to Rs193.41m (down from Rs1.13bn). On the operational overheads front, administration expenses rose 83% to Rs245.74m, while other operating charges grew 62% to Rs770.25m.

However, POL gained debt-servicing relief with net finance costs falling 59% to Rs218.72m.

Bottom-line momentum was further bolstered by a 59% boost in "other income - net" (Rs2.97bn up from Rs1.87bn), alongside a share of profits from associates of Rs470.78m. Consequently, profit before income tax surged 49% to Rs12.60bn.

The company absorbed a higher corporate taxation charge of Rs4.04bn for the quarter (up 58% from Rs2.55bn in 1QFY26).

Backed by strong top-line realization, reduced exploration write-offs, and robust non-operating treasury income, Pakistan Oilfields Limited securely closed the three-month period with its net profit reaching Rs8.56bn.

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