KARACHI – Hascol Petroleum Limited and its subsidiaries have reported a consolidated net loss of Rs. 4.87 billion for the six months ended June 30, 2025. This represents a slight deepening of losses compared to the restated loss of Rs. 4.84 billion in the same period last year.
The Board of Directors did not recommend any dividend for the period.
The consolidated financial statements reveal a severely strained balance sheet. The group’s shareholders’ deficit now stands at Rs. 91.29 billion, having widened from Rs. 86.42 billion at the end of December 2024. This deficit is driven by accumulated losses that continue to mount.
The company’s leverage remains a critical concern. Total consolidated liabilities were recorded at Rs. 144.91 billion, significantly overshadowing total assets of Rs. 53.62 billion. This highlights the group’s profound debt burden and ongoing financial challenges.
A rare positive note was observed in cash flow. The group generated a net cash inflow from operating activities of Rs. 3.11 billion in H1 2025. This is a notable improvement against the performance in the prior year and suggests some progress in working capital management, even as net losses persist. After the announcement of the results, the company’s share price went up by upto 3 % showing growing confidence in the OMC’s fundamentals.
