Pakistan State Oil Company Limited (PSX: PSO) reported a 27.5% year-on-year decline in its profitability for the year ended June 30, 2025, with a profit after tax of Rs14.24 billion (EPS: Rs35.03), compared to a profit of Rs19.65 billion (EPS: Rs39.04) in the same period last year.
The company declared a final cash dividend of Rs10 per share (100%) for its shareholders.
According to the company’s financial results, total revenue decreased by 11.3% to Rs3,318.78 billion, down from Rs3,742.08 billion in the previous year. Cost of sales fell by 11.27%, resulting in a gross profit reduction of 12.7%, standing at Rs97.15 billion compared to Rs111.26 billion in FY24.
Other income for the year dropped 13.9% to Rs24.37 billion, compared to Rs28.29 billion in the same period last year. Additionally, the share of profit from associates also saw a significant drop of 80.8%, reaching only Rs0.32 billion from Rs1.65 billion in FY24.
On the expense side, the company’s distribution and marketing expenses rose 18.1% year-on-year to Rs21.96 billion, while administrative expenses increased by 17.1% to Rs9.01 billion. However, other operating expenses fell sharply by 38.9% to Rs6.58 billion.
Finance costs decreased by 33.2% to Rs37.41 billion compared to Rs55.97 billion last year. The tax expenses increased by 15.8% to Rs19.03 billion, up from Rs16.44 billion in the corresponding period.
Despite these challenges, PSO maintained positive profitability attributable to the owners of the holding company, which stood at Rs16.44 billion, a 10.27% decrease compared to the previous year.
The company’s earnings per share (EPS) for the year stood at Rs35.03, reflecting a decline of 10.27% from Rs39.04 in FY24.
