POL reports Rs12.4bn H1 profit, declares Rs27.5 dividend

February 24, 2026 (MLN): Pakistan Oilfields Limited (PSX: POL) posted a net profit of Rs12.44bn for the half year ended December 31, 2025, up 20.58% compared to Rs10.31bn in the same period last year.

The company declared an interim cash dividend of Rs27.50 per share, equivalent to 275%.

Earnings per share (EPS) stood at Rs43.76, showing a 20.62% increase year-on-year, with profit attributable to owners of POL rising to Rs12.42bn from Rs10.30bn, up 20.62%.

Net sales declined 8.98% to Rs28.27bn from Rs31.06bn, primarily due to lower gross sales, partially offset by reductions in sales tax and excise duty, which fell 7.48% and 11.36% respectively.

Operating costs decreased 8.60% to Rs7.05bn, and royalty and wellhead charges dropped 7.95% to Rs3.18bn, resulting in gross profit of Rs18.04bn, a 9.30% decline from Rs19.89bn in the corresponding period last year.

Administration expenses fell 8.96% to Rs232.3m, while exploration costs saw a sharp 62.16% reduction to Rs3.16bn from Rs8.36bn, providing significant relief to the bottom line. Other charges declined 10.01% to Rs961.4m.

Other income net decreased sharply by 50.78% to Rs4.05bn, partially weighing on overall earnings. Net finance costs fell 37.55% to Rs1.16bn, easing financial pressure on the company.

Profit before income tax and final taxes rose 3.15% to Rs17.46bn. After final taxes and levies of Rs332.0m — down 56.81% profit before income tax stood at Rs17.13bn, a 6.00% increase year-on-year.

Following a taxation provision of Rs4.69bn, down 19.72%, profit for the period increased 20.58% to Rs12.44bn.

Share of profit from associates surged 143.94% to Rs899.3m, further supporting overall earnings growth. Total profit for the period amounted to Rs12.44bn.

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