Karachi: Pakistan Refinery Limited (PRL) has announced its financial results for the quarter ended September 30, 2026, showcasing a substantial increase in profitability and revenue compared to the previous year. The results, released on October 21, 2026, indicate a period of robust growth for the company.

PRL's total assets as of September 30, 2026, stood at 148.74 billion rupees, up from 130.75 billion rupees as of June 30, 2026. The increase in assets is primarily attributed to a rise in current assets, which grew to 111.28 billion rupees from 94.32 billion rupees. Notably, cash and bank balances saw a significant rise to 16.22 billion rupees from 1.32 billion rupees.

The company's equity improved markedly, with unappropriated profit surging to 27.20 billion rupees from 13.24 billion rupees. Total equity increased to 56.74 billion rupees, compared to 42.77 billion rupees at the end of the previous quarter.

On the liabilities front, PRL reported a slight decrease in non-current liabilities, now at 9.95 billion rupees, down from 10.05 billion rupees. Current liabilities rose to 82.05 billion rupees from 77.92 billion rupees, driven by an increase in trade and other payables.

According to information available from the Pakistan Stock Exchange (PSX), PRL's revenue from contracts with customers more than doubled, reaching 126.18 billion rupees for the quarter, compared to 61.66 billion rupees during the same period last year. This surge in revenue led to a gross profit of 25.09 billion rupees, a significant move from the previous year's 2.94 billion rupees.

Operating profit also saw a significant move, reaching 23.28 billion rupees from 2.79 billion rupees. This was despite an increase in other operating expenses, which rose to 1.58 billion rupees from 121.46 million rupees. Finance costs remained stable at approximately 1.10 billion rupees.

PRL's profit before taxation escalated to 22.18 billion rupees from 1.69 billion rupees in the same quarter of the previous year. After accounting for taxation, the profit for the period was reported at 13.97 billion rupees, marking a very large move from the previous year's 1.02 billion rupees.

Earnings per share for the quarter rose to Rs. 22.17, compared to Rs. 1.61 in the corresponding period last year. This performance highlights PRL's strong financial footing and its capacity to deliver substantial returns to shareholders.