Islamabad: Pakistan Oilfields Limited, a key player in the oil and gas sector, reported a substantial increase in its net profit for the three months ending September 30, 2026. The company’s profit rose to 8.19 billion rupees, up from 5.43 billion rupees in the same period last year, reflecting a significant move in its financial performance.
The company released its unaudited financial results on October 20, 2026. The results highlighted a notable increase in net sales, which totaled 16.50 billion rupees for the quarter, compared to 13.11 billion rupees for the same quarter in 2025. This improvement was driven by enhanced sales activity, despite the impact of sales tax and excise duty.
Operating costs also saw an increase, rising to 4.05 billion rupees from 3.11 billion rupees, while royalty and additional wellhead charges amounted to 1.87 billion rupees, up from 1.49 billion rupees the previous year. Despite these increased costs, the company reported a gross profit of 10.57 billion rupees, up from 8.51 billion rupees, showcasing a very large move in profitability.
According to information available from the Pakistan Stock Exchange (PSX), Pakistan Oilfields Limited's earnings per share rose to 28.86 rupees from 19.13 rupees, signifying robust earnings growth for the period under review. The financial outcomes were further bolstered by a net increase in other income, which reached 2.94 billion rupees compared to 1.86 billion rupees in the previous year.
The company's financial position also showed changes, with total assets valued at 203.23 billion rupees as of September 30, 2026, compared to 196.16 billion rupees as of June 30, 2026. Current liabilities increased to 87.76 billion rupees from 69.46 billion rupees, driven by a new proposed dividend of 20.58 billion rupees and provisions for income tax.
Pakistan Oilfields Limited's financial performance in the designated market category reflects strategic operational decisions and market conditions that favored increased sales and profitability for the quarter, despite rising costs and liabilities.