Karachi: The financial year ending June 30, 2026, marked a notable shift for Pakistan Refinery Limited (PRL), as detailed in their financial results report released on August 13, 2026. The company's Board of Directors, in their meeting held at the refinery, announced a recommendation for a Nil dividend, reflecting a strategic decision on capital allocation.

The statement of financial position highlights a significant increase in total assets, which rose to 130.75 billion rupees from 107.94 billion rupees in the previous year. This increase is primarily attributed to a substantial boost in current assets, particularly inventories, which soared to 32.01 billion rupees from 22.03 billion rupees, and other receivables, which increased to 31.36 billion rupees from 25.78 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), PRL's revenue from contracts with customers experienced a very large or significant move, climbing to 350.84 billion rupees from 310.35 billion rupees, reflecting a robust performance in the designated market category. The gross profit also showed a very large or significant move, jumping to 32.39 billion rupees from 1.86 billion rupees. This was achieved despite a moderate move in cost of sales, which increased to 318.45 billion rupees from 308.49 billion rupees.

The company's liabilities saw changes as well, with non-current liabilities decreasing to 10.05 billion rupees from 12.84 billion rupees, while current liabilities increased to 77.92 billion rupees from 68.50 billion rupees. The restructuring in liabilities and improvements in the financial position have contributed to the company's ability to report a profit before taxation of 24.15 billion rupees, a significant recovery from a loss of 3.96 billion rupees the previous year.

PRL's profit for the period stood at 15.78 billion rupees, marking a turnaround from a loss of 4.66 billion rupees in the prior year. The company's total comprehensive income was recorded at 16.17 billion rupees, a recovery from a loss of 1.71 billion rupees.

The Annual General Meeting of the Company is scheduled for Saturday, October 03, 2026, at 11:00 am at PRE, with share transfer books closed from September 25 to October 2, 2026. The annual financial statements will be transmitted through PUCARS at least 21 days before the meeting, ensuring transparency and compliance with regulatory requirements.