PSO Reports PKR 12.1 Billion Profit in 1HFY26; Hits Record LPG Sales and Expands EV Network.
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PSO 1HFY26 financial results
In a display of strong financial resilience, Pakistan State Oil (PSO) has announced a profit after tax of PKR 12.1 billion for the first half of fiscal year 2026 (1HFY26). Despite a challenging environment characterized by PKR 412 billion in receivables and declining overall gross sales, the company managed to achieve an 8% increase in net profit compared to the same period last year.
Key Performance Highlights (1HFY26)
- Profit & Sales: PSO recorded an Earnings Per Share (EPS) of PKR 25.82, up from PKR 23.81 in 1HFY25. Total gross sales for the period reached PKR 1.6 trillion.
- Market Leadership: The company maintained near-total dominance in the aviation sector with a 99% market share in jet fuel. It also led the white oil segment with a 42.2% market share based on sales of 3,418 KMT.
- Record LPG Sales: PSO achieved a significant milestone in its gaseous fuels segment, delivering record LPG performance with 28.5 KMT in sales, reflecting a 3.6% growth over the previous year.
- Infrastructure & Storage: The energy giant successfully rehabilitated 39 KMT of storage capacity across major terminals like Keamari and Mehmoodkot. Additionally, the White Oil Pipeline Project achieved a critical milestone with federal cabinet ratification of its summary and provisional tariff.
- Green Energy & Sustainability: PSO is leading Pakistan’s EV transition with the country’s largest infrastructure, featuring nine charging stations across major cities and highways. Through its renewable energy arm, the company is also on track to add 2.2 MWp of solar capacity by mid-2026.
- Digital & CSR Initiatives: The company launched the Payvay mobile application for digital payments and integrated Raast services. On the social front, PSO invested PKR 196 million in community causes, including the development of a model village for flood-affected families.
