Karachi: Pakistan Refinery Limited (PRL) announced its financial results for the quarter ended September 30, 2025, revealing a notable financial turnaround despite the board’s decision to recommend a Nil dividend. The results were disclosed following a board meeting held on October 20, 2025, at the company’s refinery premises.

The company’s financial performance for the quarter showed a significant improvement compared to the same period last year. PRL reported a profit of 1,016.29 million rupees, a marked rebound from a loss of 2,350.41 million rupees in the corresponding quarter of 2024. This resulted in earnings per share increasing to 1.61 rupees from a loss per share of 3.73 rupees.

Revenue from contracts with customers for the quarter stood at 61,664.64 million rupees, a decline from the 82,099.49 million rupees recorded in the previous year. However, the cost of sales also decreased, leading to a gross profit of 2,943.70 million rupees, compared to a mere 56.35 million rupees in the prior period. The company’s administrative and selling expenses showed reductions, contributing to a more favourable operating profit of 2,794.63 million rupees, compared to an operating loss of 1,712.32 million rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), PRL’s total assets rose to 122,028.78 million rupees as of September 30, 2025, up from 107,940.93 million rupees in June 2025. The company’s equity was strengthened by a reduction in accumulated losses from 2,927.65 million rupees to 1,911.36 million rupees over the quarter.

The company’s cash flow from operating activities reflected a robust increase, with net cash generated amounting to 4,058.48 million rupees, a considerable improvement from the previous quarter’s figures. However, cash flows from investing activities presented a deficit, influenced by capital expenditures and treasury bill transactions.

Despite the financial gains, the board’s decision to recommend a Nil dividend indicates a cautious approach, likely aimed at reinforcing financial stability and supporting future investments. The market will be observing how PRL navigates the forthcoming quarters amid fluctuating revenues and strategic financial management.