Attock Petroleum steadies outlook

Attock Petroleum Limited (APL), one of Pakistan’s leading oil marketing companies, is entering fiscal year 2026 with mixed indicators as recent financial results highlight pressure on margins, shifting product dynamics and the sector’s ongoing transition away from furnace oil. While annual earnings and sales declined in FY25, the first quarter of FY26 shows signs of recovery, indicating that the company’s operational adjustments and diversification efforts may be cushioning the broader industry slowdown.

APL closed FY25 with earnings per share of Rs 83.5, down from Rs 111.1 in FY24, reflecting a 25% contraction in profitability over the year. The fall in earnings mirrors a 10% decline in net sales, which dropped to Rs 474.1bn from Rs 526.3bn, and a 15% reduction in gross profit as furnace oil volumes continued to shrink. The company’s net margin eased to 2%, compared with 3% the previous year.