Pakistan State Oil (PSO), the country’s largest and most prominent oil marketing company, has announced extraordinary financial results for the first quarter of fiscal year 2026. The company reported a remarkable profit after tax of Rs. 11.2 billion, representing an astonishing increase of over 500% compared to the Rs. 1.85 billion earned during the same period last year.
This exceptional profit growth is particularly impressive because it occurred despite lower overall revenue. PSO’s total revenue actually declined by 7% to Rs. 771.9 billion compared to the previous year. However, the company managed to dramatically improve its profitability through effective cost management and operational efficiency.
Shareholders benefited significantly from this outstanding performance, with earnings per share rising substantially to Rs. 22.43. This means each share of PSO stock generated much higher returns for investors compared to the previous year.
The key to PSO’s success was controlling costs effectively. The cost of products sold decreased by 8%, which helped boost the company’s gross profit to Rs. 33.73 billion. This shows that PSO managed to purchase and supply petroleum products more efficiently, maintaining better profit margins on each sale.
Operating expenses were also reduced, and finance costs declined, meaning PSO spent less on running the business and paying interest on loans. These improvements led to profit from operations jumping dramatically by 145% to reach Rs. 23.04 billion.
PSO continues to maintain its leadership position in Pakistan’s petroleum sector, distributing various petroleum products including petrol, diesel, and furnace oil nationwide through its extensive network of fuel stations and depots. The company’s strong performance demonstrates effective management and operational excellence in challenging market conditions.
