PPL's profit falls over 22% in FY25

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MG News | September 19, 2025 at 11:56 AM GMT+05:00

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September 19, 2025 (MLN): Pakistan Petroleum Limited (PSX: PPL) has reported a significant decline in its profitability for the fiscal year ended June 30, 2025, with its profit after taxation falling by over 22% compared to the previous year.

The drop in earnings was primarily driven by a sharp reduction in revenue and an increase in finance costs.

The company has given a cash dividend of Rs2.5 per share.

According to the company's consolidated statement of profit or loss, profit after taxation for FY25 stood at Rs89.95bn, a notable decrease from Rs115.48bn recorded in FY2024.

This represents a 22.11% YoY reduction. The company's basic and diluted earnings per share also mirrored this trend, falling to Rs33.06 from Rs42.44, marking a 22.1% decline.

The top-line performance was a major contributing factor to the lower profitability. Revenue from contracts with customers dropped by 15.89% to Rs244.98bn from Rs291.2bn in the prior fiscal year.

This revenue decline, coupled with a 19.63% drop in gross profit, set a challenging tone for the company's financial year.

While operating expenses saw a marginal decrease of 2.13%, other costs climbed. Finance costs, in particular, saw a substantial increase of 50.64%, rising to Rs2.48bn from Rs1.65bn.

Administrative expenses also increased by 27.95%. Despite these headwinds, the company’s ‘other income’ provided some relief, showing a strong increase of 37.99% to Rs24.19bn.

The results highlight a difficult operating environment for the company during the fiscal year, with taxation also rising 4.7%. The decline in revenue and the rise in key expenses have put pressure on PPL's financial health, impacting both its bottom line and shareholder returns.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000)

Description

FY25

FY24

change%

Revenue from contracts with customers

244,977,029

291,240,687

-15.89%

Operating expenses

(54,700,741)

(55,891,649)

-2.13%

Royalties and other levies

(37,662,995)

(45,449,568)

-17.13%

Gross profit

152,613,293

189,899,470

-19.63%

Exploration expenses

(18,544,855)

(19,534,248)

-5.06%

Administrative expenses

(6,795,024)

(5,310,504)

27.95%

Finance costs

(2,483,379)

(1,648,580)

50.64%

Share of loss of associates - net

(344,450)

(2,327,007)

-85.20%

Other charges

(11,763,047)

(18,326,557)

-35.81%

Other income

24,185,533

17,526,862

37.99%

Profit before taxation

136,868,071

160,279,436

-14.61%

Taxation

(46,918,730)

(44,801,971)

4.72%

Profit after taxation

89,949,341

115,477,465

-22.11%

Basic and diluted earnings per share (Rs.)

33.06

42.44

-22.10%


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