PRL staged financial turnaround with Rs16bn profit in FY26

August 13, 2026 (MLN): Pakistan Refinery Limited (PSX: PRL) staged a massive financial turnaround for the fiscal year ended June 30, 2026, recording a net profit of Rs15.78bn compared to a net loss of Rs4.66bn in the preceding year.

Reflecting this dramatic profit recovery, the company's earnings per share (EPS) jumped to Rs25.05, recovering from a loss per share (LPS) of Rs7.40 in FY25.

The primary catalyst behind this earnings surge was an extraordinary expansion in gross margins.

PRL’s revenue from contracts with customers grew by 13% year-on-year to reach Rs350.84bn, compared to Rs310.35bn in FY25.

Cost of sales grew at a significantly slower pace of 3% (settling at Rs318.45bn), which allowed the company’s gross profit to explode multi-fold to Rs32.39bn up from just Rs1.86bn in the prior year.

On the operational front, overheads remained tightly managed.

Selling expenses dropped 8% to Rs729.20m, while administrative costs grew 9% to Rs1.52bn.

Other operating expenses stayed virtually flat at Rs2.56bn.

Although "other income" dropped 62% to Rs1.03bn (down from Rs2.70bn), the sheer weight of gross margin expansion turned the company's operating performance into a robust Rs28.60bn operating profit, compared to an operating loss of Rs176.56m in FY25.

Below the operating line, finance costs grew 17% to Rs4.45bn.

Supported by the massive operating cushion, the company posted a pre-tax profit of Rs24.15bn, turning around from a pre-tax loss of Rs3.96bn in the previous year.

After accounting for a minimal final and minimum tax charge of Rs255,000 and corporate income tax expense of Rs8.37bn, Pakistan Refinery Limited securely closed the fiscal year with a final net profit of Rs15.78bn.

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