PSO profit drops by nearly 28% YoY

MG News | August 19, 2025 at 05:14 PM GMT+05:00

0:00

August 19, 2025 (MLN): Pakistan State Oil Company Limited (PSX: PSO) recorded a decrease of 27.5% YoY in its profitability, clocking in its profit after tax at Rs14.24 billion [EPS: Rs35.03], compared to a profit of Rs19.65bn [EPS: Rs39.04] in the same period last year (SPLY).

The company declared a final cash dividend of Rs10 per share (100%).

Going by the results, the company's top line decreased 11.3% to Rs3,318.78bn as compared to Rs3,742.08bn in SPLY.

The cost of sales fell by 11.27%, which pulled the gross profit down by 12.7% to Rs97.15bn as against Rs111.26bn in SPLY.

During the period under review, other income dropped 13.9% to Rs24.37bn as compared to Rs28.29bn in SPLY.

Likewise, the share of profit of associates was down 80.8% to Rs0.32bn against Rs1.65bn in SPLY.

On the expense side, the company's distribution and marketing expenses rose 18.1% YoY to Rs21.96bn, while administrative expenses increased 17.1% YoY to Rs9.01bn.

Conversely, other operating expenses fell 38.9% YoY to Rs6.58bn.

The company’s finance cost declined by 33.2% and stood at Rs37.41bn as compared to Rs55.97bn in SPLY.

On the tax front, the company paid Rs19.03bn against Rs16.44bn in the corresponding period of last year, depicting an increase of 15.8%.

Consolidated Statement of Profit and Loss for the Year Ended June 30, 2025 (Rs ‘000’)
Particulars	Jun-25	Jun-24	%Change
Net sales	3,318,783,840	3,742,081,969	-11.31%
Cost of products sold	(3,221,632,883)	(3,630,817,899)	-11.27%
Gross profit	97,150,957	111,264,070	-12.68%
Other income	24,365,022	28,290,100	-13.87%
Operating costs
- Distribution and marketing expenses	(21,955,481)	(18,585,450)	18.13%
- Administrative expenses	(9,012,463)	(7,699,698)	17.05%
- Other expenses	(6,584,375)	(10,777,861)	-38.91%
Total Operating costs	(37,552,319)	(37,063,009)	1.32%
Finance costs	(37,413,932)	(55,967,767)	-33.15%
Share of profit from associates - net of tax	315,687	1,645,162	-80.81%
Profit before taxation, minimum tax differential and final taxes	46,865,415	48,168,556	-2.71%
Minimum tax differential	(13,215,722)	(11,603,465)	13.89%
Final taxes	(375,000)	(473,330)	-20.77%
Total	(13,590,722)	(12,076,795)	12.54%
Profit before taxation	33,274,693	36,091,761	-7.81%
Taxation	(19,032,776)	(16,441,586)	15.76%
Profit for the year	14,241,917	19,650,175	-27.52%
Profit attributable to:
- Owners of the Holding Company	16,444,491	18,326,723	-10.27%
- Non-controlling interest	(2,202,574)	1,323,452
Profit for the year	14,241,917	19,650,175	-27.52%
Earnings per share - basic and diluted (Rupees)	35.03	39.04	-10.27%

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