Karachi: Hascol Petroleum Limited has released its financial results for the third quarter ending September 30, 2026. The company reported an improvement in performance, with reduced losses compared to the same period in the previous year. The financial report, dated October 28, 2026, outlines the company's financial trajectory over the past nine months.

The company's net sales for the nine-month period ending September 30, 2026, stood at 151.82 billion rupees, compared to 136.32 billion rupees during the same period last year. This represents a significant increase in net sales. For the three-month period, net sales amounted to 49.99 billion rupees, up from 43.40 billion rupees in the previous year.

Gross profit for the nine-month period was recorded at 3.25 billion rupees, showing a slight increase from the 3.24 billion rupees seen in the same period last year. For the three-month period, gross profit reached 2.01 billion rupees, up from 990.48 million rupees, indicating a big move.

Operating expenses, including distribution, marketing, and administrative costs, were reduced to 3.79 billion rupees for the nine-month period, a decrease from the 4.27 billion rupees reported last year. This reduction in operating expenses contributed to the improvement in the operating profit, which rose to 1.23 billion rupees from 833.76 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's finance costs increased slightly to 5.13 billion rupees from 4.96 billion rupees in the previous year. Despite this increase, the company's loss before income tax improved, with a reduction to 4.30 billion rupees from 5.24 billion rupees in the same period last year. The loss per share also improved to 4.30 rupees from 5.24 rupees.

For the three-month period, Hascol Petroleum Limited recorded a loss of 1.15 billion rupees before income tax, compared to a loss of 352.81 million rupees in the previous year. The loss per share for this period was 1.15 rupees, up from 0.35 rupees.

The company's financial results indicate progress towards reducing its losses and improving its overall financial health. The designated market category for Hascol Petroleum Limited remains within the petroleum sector, as it continues to navigate the challenges and opportunities within the industry.