PSO Reports Rs25.49 Billion Profit For FY26, Shareholders Approve Rs10 Dividend
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✧ GENERATE BRIEFING
Pakistan State Oil Company Limited (PSO) reported a consolidated profit after tax of Rs25.49 billion for the fiscal year ended June 30, 2026 (FY26). During the company's 50th Annual General Meeting (AGM) held at PSO House in Karachi on Tuesday, October 28, 2026, shareholders formally approved a final cash dividend of Rs10 per share (100%).Key corporate, financial, and operational highlights include:Financial Metrics: Standalone net profit reached Rs15.07 billion on gross revenues of Rs3.25 trillion. Core gross profit (excluding LNG) rose 20.5% to Rs81.9 billion, highlighting underlying profitability in traditional downstream sales.Foreign Exchange & Aviation Dominance: PSO generated $363.5 million in foreign exchange earnings during FY26 while retaining a 99.2% market share in the national aviation fuel (Jet A-1) segment.Supply Resilience: Sourcing diversification enabled uninterrupted fuel supplies across Pakistan despite geopolitical trade bottlenecks in the Strait of Hormuz.
Pakistan State Oil (PSO) reported a consolidated profit after tax of Rs25.49 billion for the financial year ended June 30, 2026, while shareholders approved a final cash dividend of Rs10 per share at the company’s 50th Annual General Meeting (AGM).
The meeting was held at PSO House in Karachi on October 28 and was chaired by Asif Baigmohamed, chairman of the company’s Board of Management. Chief Executive Officer Jawwad Ahmed Cheema, board members and senior management also attended.
PSO’s standalone profit after tax stood at Rs15.07 billion for FY26, while gross revenue reached Rs3.25 trillion, according to the company’s AGM announcement.
The company’s core gross profit, excluding liquefied natural gas (LNG), increased 20.5% to Rs81.9 billion during the year, reflecting improved profitability in its core business.
Despite geopolitical uncertainty and disruptions in the Strait of Hormuz, PSO said it maintained uninterrupted fuel supplies across Pakistan through diversified sourcing arrangements and measures to strengthen supply resilience.
The company also retained its position in the aviation fuel market, reporting a 99.2% market share in the segment. It generated $363.5 million in foreign exchange earnings during the financial year.
During FY26, PSO continued initiatives aimed at transforming its operations into an integrated energy group. These included developments in renewable energy, digital payments, retail network expansion and electric vehicle charging infrastructure.
The company also continued work on strategic energy infrastructure projects, alongside efforts to strengthen operational safety and sustainability.
PSO reported zero fatalities over more than 53.87 million safe man-hours during the year. Through the PSO CSR Trust, it allocated Rs665 million to healthcare, education, community development and flood relief initiatives.
At the AGM, shareholders considered the company’s annual financial statements for the year ended June 30, 2026, and approved the final cash dividend of Rs10 per share, equivalent to 100% of the share’s face value.
Management also responded to shareholders’ questions and reiterated its focus on energy security, operational resilience and sustainable business growth.
The results highlight the scale of PSO’s operations in Pakistan’s petroleum supply chain, alongside the company’s efforts to expand beyond its traditional fuel business.
