Lahore: Punjab Oil Mills Limited has released its financial results for the year ending June 30, 2026, reporting a net loss despite a rise in revenue. The company, which operates under the consumer goods sector, disclosed detailed figures on November 6, 2026, showing nuanced shifts in its financial standing.
For the period under review, Punjab Oil Mills posted net sales amounting to Rs. 9.31 billion, a minor move increase from the Rs. 9.24 billion recorded in 2025. The cost of sales stood at Rs. 8.37 billion, marginally higher than the previous year's Rs. 8.36 billion, leading to a gross profit of Rs. 936.04 million compared to Rs. 885.08 million in the prior period.
Despite the increased gross profit, the company faced challenges in managing its expenses effectively. Selling and distribution expenses were reduced to Rs. 355.71 million from Rs. 415.70 million, while administrative expenses decreased to Rs. 273.74 million from Rs. 319.12 million. These reductions contributed to an operating profit of Rs. 306.59 million, up from the Rs. 150.26 million noted in 2025.
However, Punjab Oil Mills' financial performance was adversely impacted by rising finance costs, which increased to Rs. 147.65 million from Rs. 131.34 million. Other operating expenses also surged to Rs. 115.94 million from Rs. 51.98 million. These factors, combined with a decrease in other income to Rs. 30.50 million from Rs. 61.09 million, resulted in a profit before levy and taxation of Rs. 73.50 million, up from Rs. 28.03 million previously.
The company's profit before income tax was Rs. 50.76 million, a turnaround from the loss of Rs. 64.99 million in 2025. However, the income tax expense escalated significantly to Rs. 74.19 million from Rs. 4.04 million, culminating in a net loss of Rs. 23.43 million, compared to the previous year's loss of Rs. 69.02 million. The loss per share improved to Rs. 3.02 from Rs. 8.89.
According to information available from the Pakistan Stock Exchange (PSX), the company's equity and liabilities saw significant changes. Total equity and liabilities rose to Rs. 5.62 billion from Rs. 4.81 billion. Shareholders' equity decreased slightly to Rs. 2.55 billion from Rs. 2.58 billion, while non-current liabilities reduced to Rs. 174.76 million from Rs. 189.12 million. Current liabilities saw a very large increase to Rs. 2.89 billion from Rs. 2.04 billion.
The asset base of Punjab Oil Mills also reflected these changes, with total assets increasing to Rs. 5.62 billion from Rs. 4.81 billion. Non-current assets slightly decreased to Rs. 2.44 billion from Rs. 2.46 billion, whereas current assets experienced a very large increase to Rs. 3.18 billion from Rs. 2.35 billion.
The financial results underline the operational and financial challenges faced by Punjab Oil Mills, despite efforts to streamline expenses and improve operational efficiency.