OGDCL Profit Surges 43% To Record Rs242.37bn, Dividend Hits Rs17/Share.
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✧ GENERATE BRIEFING
Oil & Gas Development Company Limited (OGDCL) has posted its highest-ever annual financial performance, reporting a record profit after tax of Rs242.37 billion for the fiscal year ended June 30, 2026—marking an impressive 43% surge compared to the previous year. The state-controlled exploration giant generated net sales revenue of Rs449.19 billion, while its earnings per share (EPS) climbed to Rs56.35, up from Rs39.50 a year earlier. Bolstered by these robust earnings, OGDCL's board of directors declared a record final cash dividend of Rs6 per share (60%), bringing the total annual payout to Rs17 per share (170%) when combined with the Rs11 per share interim dividends previously disbursed.During FY2026, OGDCL played a pivotal role in supporting the national economy, contributing Rs187 billion to the public exchequer via corporate taxes, duties, dividends, and royalties. Furthermore, its domestic oil and gas production yielded an estimated $3.31 billion in foreign exchange savings through effective import substitution.
Oil & Gas Development Company Limited (OGDCL) has reported its highest-ever annual profit after tax of Rs242.37 billion for the year ended June 30, 2026, marking a 43% increase from the previous year.
The company’s net sales revenue stood at Rs449.19 billion, while earnings per share (EPS) increased to Rs56.35, compared with Rs39.50 a year earlier.
OGDCL’s board approved a final cash dividend of Rs6 per share, or 60%, the highest quarterly dividend in the company’s history. Including the Rs11 per share interim dividends already paid, the total annual dividend reached Rs17 per share, equivalent to a 170% payout.
The company said it contributed Rs187 billion to the national exchequer during FY2026 through corporate taxes, dividends, royalties and other government levies. Its oil and gas production also generated estimated foreign exchange savings of $3.31 billion through import substitution.
OGDCL also reported improved recoveries during the year, with its overall collection rate reaching 107% and total collections amounting to Rs577 billion.
The record performance comes despite pressure on Pakistan’s energy sector, with OGDCL continuing to focus on exploration, production growth and new oil and gas discoveries. The company is also pursuing diversification into new energy and resource ventures.
