PPL reports over 26% YoY decline in net profit

MG News | April 29, 2025 at 11:31 AM GMT+05:00

0:00

April 29, 2025 (MLN): Pakistan Petroleum Limited (PSX: PPL) reported a 26.40% year-on-year decline in net profit for the nine months ended March 31, 2025, driven by lower revenue and a surge in expenses.

The Board of Directors authorized an interim cash dividend of Rs1 per share (10%) on Ordinary Shares, in addition to the interim cash dividends of Rs4 per share (40%) on Ordinary and Rs3 per share (30%) Convertible Preference Shares already distributed during the year.

The company posted a net profit of Rs71.85 billion [EPS: Rs26.41] compared to Rs97.63bn [EPS: Rs35.88] in the same period last year (SPLY).

Revenue from contracts with customers dropped 14.99% to Rs192.56bn from Rs226.52bn in SPLY.

Despite a 13.76% decline in royalties and other levies, operating expenses increased by 6.72% to Rs41.21bn, leading to a 20.75% drop in gross profit to Rs121.26bn.

Administrative expenses jumped 44.45% to Rs4.95bn, while finance costs surged 54.57% to Rs1.91bn amid rising interest expenses.

Exploration expenses also grew by 5.56% to Rs12.88bn.

Other charges fell 32.58% to Rs9.65bn, but other income also declined significantly by 24.71% to Rs90.37bn.

As a result, profit before taxation was down 16.76% to Rs109.87bn. Taxation expenses rose 10.64% to Rs38.02bn, which further eroded the bottom line.

Consolidated Statement of Profit and Loss For The Nine Month Ended March 31, 2025 (Rupees '000)
Category	Mar-25	Mar-24	%Change
Revenue from Contracts with Customers	192,561,016	226,523,512	-14.99%
Operating Expenses	(41,213,516)	(38,620,143)	6.72%
Royalties and Other Levies	(30,083,037)	(34,882,725)	-13.76%
Gross Profit	121,264,463	153,020,644	-20.75%
Exploration Expenses	(12,878,148)	(12,200,017)	5.56%
Administrative Expenses	(4,946,054)	(3,424,176)	44.45%
Finance Costs	(1,910,542)	(1,235,998)	54.57%
Reversal of Provision for Doubtful Debts	-	3,854
Share of Loss of Associates	(1,490,889)	(1,856,094)	-19.68%
Other Charges	(9,649,654)	(14,313,742)	-32.58%
Other Income	90,371,176	120,024,471	-24.71%
Profit Before Taxation	109,871,419	131,988,715	-16.76%
Taxation	(38,020,197)	(34,362,669)	10.64%
Profit After Taxation	71,851,222	97,626,046	-26.40%
Basic & Diluted Earnings Per Share (Rs.)	26.41	35.88	-26.39%

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,692.67 272.66M	-0.40% -561.69
ALLSHR	85,794.52 646.13M	-0.13% -109.75
KSE30	42,414.87 62.56M	-0.50% -213.30
KMI30	195,013.85 65.08M	-0.54% -1058.02
KMIALLSHR	56,594.69 245.40M	-0.07% -37.41
BKTi	37,920.00 12.79M	-0.43% -164.85
OGTi	27,769.25 6.81M	-1.02% -284.98

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,870.00	119,495.00 117,305.00	315.00 0.27%
BRENT CRUDE	68.86	69.54 68.61	0.35 0.51%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.66	66.32 65.37	0.41 0.63%
SUGAR #11 WORLD	16.49	16.57 16.25	0.25 1.54%