PPL 1QFY27 profit tops Rs25bn

October 29, 2026 (MLN): Pakistan Petroleum Limited (PSX: PPL) reported a 26% increase in its condensed consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs25.23bn compared to Rs20.04bn in the corresponding period of the previous fiscal year.

Alongside the financial results, the Board of Directors approved an interim cash dividend of Rs. 2.00 per share (20%).

Reflecting this solid bottom-line growth, basic and diluted earnings per share (EPS) for the three-month period expanded 26% to Rs9.27, up from Rs7.36 recorded in 3MFY26.

The primary catalyst driving performance was a 30% expansion in top-line revenue from contracts with customers, which climbed to Rs74.67bn from Rs57.38bn in 3MFY26.

Field expenditures and state shares grew as operating expenses rose 11% to Rs15.60bn, while royalties and other levies surged 74% to Rs15.31bn (up from Rs8.77bn).

Despite the total direct charges rising 35% to Rs30.90bn, gross profit surged 27% to Rs43.77bn compared to Rs34.54bn in the comparative quarter. The company's gross profit margin remained robust at 58.61% relative to 60.20% in the prior-year period.

On the operational side, overheads expanded as exploration expenses jumped nearly five-fold (388%) to Rs3.24bn against Rs663.74m in 3MFY26.

Administrative expenses grew 11% to Rs1.69bn, other charges increased 17% to Rs3.52bn, and the share of loss of associates (net of tax) narrowed 36% to Rs63.10m. Supported by a 47% rise in other income to Rs3.05bn (up from Rs2.08bn), operating momentum remained resilient.

Below the operating line, finance costs rose 30% to Rs663.73m compared to Rs508.81m in 3MFY26. Consequently, profit before taxation climbed 22% to Rs37.64bn from Rs30.81bn.

Following an income tax expense of Rs12.41bn (up 15% from Rs10.77bn), Pakistan Petroleum Limited concluded the first quarter with a consolidated net profit of Rs25.23bn.

Copyright Mettis Link News