KARACHI: Pakistan State Oil (PSO) has announced its financial results for the fiscal year ended June 30, 2026, reporting a profit after tax of Rs15.07 billion and earnings per share of Rs32.1. The company's gross profit increased to Rs99.9 billion, up from Rs96.7 billion the previous year. Consolidated profit after tax for the Group reached Rs25.49 billion, with total consolidated revenue at Rs3.42 trillion.

According to Pakistan State Oil, the core business excluding LNG saw a 20.5 percent rise in gross profit, increasing from Rs67.9 billion to Rs81.9 billion. Javed Ahmed Cheema, PSO's Chief Executive Officer, noted the challenging nature of the fiscal year but expressed satisfaction in the company's ability to maintain uninterrupted fuel supplies across Pakistan. Despite a Rs10.7 billion fluctuation in the LNG segment, the core business continued to grow, bolstering PSO's resilience.

The company emphasized its focus on financial discipline and working capital management, which led to a reduction in trade receivables from Rs437.5 billion to Rs414.8 billion, including a Rs34.3 billion decrease in receivables from SNGPL. These efforts, alongside lower discount rates, resulted in a 24 percent reduction in finance costs.

PSO retained its leadership in the white oil market with a 42.7 percent market share and further consolidated its dominance as Pakistan's leading aviation fuel supplier with a 99 percent market share. The company generated more than $360 million in foreign exchange through fuel supplies to international flights.

During the fiscal year, PSO expanded its retail presence with outlets increasing to 3,688 and its network of convenience stores growing to over 350 locations.