Karachi: Pakistan State Oil (PSO), the country's largest energy company, has reported a strong performance in the first quarter of FY26, with a profit after tax of PKR 9.4 billion and earnings per share of PKR 20. The company's Board of Management reviewed these results at a meeting held on October 28, 2025. The group's consolidated profit after tax reached PKR 10.5 billion, leading to earnings per share of PKR 22.4.
PSO has maintained its market dominance, recording a 3.5% year-on-year increase in white oil sales, totaling 1.6 million metric tons, and sustaining a 42% market share. The company reported MoGas and diesel sales of 785,000 and 672,000 metric tons, respectively, demonstrating a reliable supply chain. PSO operates 3,649 retail outlets nationwide, with logistics enhancements such as high-security tank lorry seals improving operational security and transparency.
The company's growth strategy has expanded into underserved regions, with the launch of its first direct service in Gilgit-Baltistan, encouraging LPG adoption to reduce deforestation and carbon emissions. Digital transformation is driving efficiency, with the migration to SAP S/4HANA and infrastructure projects like the Faisalabad Terminal Automation and the Ring-Fencing Project improving reliability and cost optimization.
PSO remains committed to social responsibility, investing over PKR 31 million in healthcare, education, environmental sustainability, and disaster relief, including flood relief. Notable initiatives include a free healthcare dispensary and a Reverse Osmosis water filtration plant at Shikarpur terminal. The company's recognition on the CIPS Ethics Register highlights its commitment to ethical and sustainable practices.
Despite challenges from the ongoing circular debt crisis, with receivables at PKR 426 billion, including PKR 294 billion owed by SNGPL, PSO is optimistic about the Government of Pakistan's Circular Debt Reduction Plan, which is expected to improve liquidity in the sector. The company is focusing on digital innovation, process optimization, and strategic expansion to ensure continued value for stakeholders and a significant role in Pakistan's energy sector.
PSO's management expressed gratitude to the Board, the Government of Pakistan, the Ministry of Energy (Petroleum Division), shareholders, and employees for their ongoing support and trust.