Lahore: OilBoy Energy Limited's board of directors announced today, January 6, 2026, that the company has concluded the financial year ending June 30, 2025, with significant financial losses. The board, meeting at 11:00 a.m., decided against distributing cash dividends, bonus shares, or right shares to its shareholders, and no other corporate actions were proposed. These decisions come in the wake of the company's financial results, which highlight a substantial loss after taxation.

The company's financial statement reveals a revenue of 395.71 million rupees for the year, up from 206.38 million rupees the previous year. Despite this increase, the cost of revenue reached 387.03 million rupees, resulting in a gross profit of 8.68 million rupees, compared to a gross loss of 4.79 million rupees last year. Administrative expenses rose to 29.50 million rupees from 20.06 million rupees, contributing to an operating loss of 20.83 million rupees, slightly improved from the 24.87 million rupees loss recorded the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's loss before taxation stood at 17.17 million rupees, with a loss after taxation amounting to 52.62 million rupees. This marks a significant move compared to last year's post-taxation loss of 32.42 million rupees. The loss per share has consequently increased to 2.10 rupees from 1.30 rupees, reflecting the company's ongoing financial challenges.

OilBoy Energy Limited's asset report indicates total assets valued at 158.93 million rupees. Non-current assets comprise 15.97 million rupees, while current assets total 142.97 million rupees. On the liabilities side, the company reported total liabilities of 65.47 million rupees, with non-current liabilities of 2.01 million rupees and current liabilities of 63.46 million rupees. The company's equity, including share capital and reserves, amounts to 93.46 million rupees.

The board has scheduled the Annual General Meeting (AGM) for January 30, 2026, at its registered office in Lahore. Share transfer books will be closed from January 23 to January 30, 2026, to determine eligibility for AGM attendance. The company's annual report will be available through the Pakistan Unified Corporate Action Reporting System (PUCARS) at least 21 days before the AGM.

In the cash flow statement, the company reported a net cash outflow from operating activities. Despite adjustments, the cash used in operations indicates ongoing financial strain. The company's financing activities included no dividends paid and no proceeds from the issuance of right shares, consistent with the board's decisions.

OilBoy Energy Limited's financial results underscore the company's challenges in navigating the energy market, as reflected in the significant loss reported for the fiscal year.