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. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
