Attock Petroleum Limited Reports 10% Decline in Net Sales Revenue Amid Lower Demand

Karachi: Attock Petroleum Limited (APL) has reported a 10% decrease in net sales revenue for the fiscal year ending June 30, 2025, according to its latest corporate briefing session held on November 19, 2025. The company recorded net sales revenue of Rs. 474 billion, down from Rs. 526 billion in the previous fiscal year.

The decline in sales revenue coincides with a 3% drop in sales volume, attributed mainly to reduced demand for Furnace Fuel Oil and Bitumen from Independent Power Producers (IPPs) and a slowdown in development activities. This has resulted in a 15% decline in gross profit. Profit after tax also saw a significant reduction of 25%, amounting to Rs. 10 billion compared to the previous year's figure.

According to information available from the Pakistan Stock Exchange (PSX), APL's performance reflects broader industry trends. The overall industry sales volume for Oil Marketing Companies (OMCs) increased by 6%, reaching 16,696,386 metric tons, while APL's own sales volume decreased by 3% to 1,551,322 metric tons. The average selling price for APL rose by 8% to Rs. 292,172 per metric ton, despite the decrease in volume.

The company's gross sales revenue was reported at Rs. 482.43 billion, marking a 10% decrease, and gross profit stood at Rs. 18.83 billion, decreasing by 15%. The net profit for the year was Rs. 10.39 billion, a 25% reduction from last year. Earnings per share also fell by 25%, from Rs. 111.09 to Rs. 83.53.

APL's current shareholding structure includes major stakeholders such as Pharaon Investment Group Limited Holding SAL with 34.38%, Attock Refinery Limited with 21.88%, and the APL Employees Welfare Trust with 7.04%. The general public and other institutional shareholders hold 20.51% of the company's shares.

Storage capacities at APL's bulk oil terminals, as of June 30, 2025, total 210,885 metric tons across various locations including Rawalpindi, Machike, and Port Qasim, among others.

As of October 31, 2025, the price breakup for petroleum products shows the maximum ex-depot sales price for High Speed Diesel and Premier Motor Gasoline at Rs. 275.42 and Rs. 263.02 per litre, respectively, without sales tax.

The designated market category for APL is corporate, as it continues to navigate the challenging economic landscape and fluctuations in demand within the petroleum sector.