PSO Reports Resilient Financial Performance Amid Challenges

Pakistan State Oil (PSO), the nation’s energy flagship, announced its financial results for the first half of fiscal year (1HFY26) ended December 31, 2025. Demonstrating strong resilience and a continued growth trajectory, PSO recorded a profit after tax of PKR 12.1 billion for 1HFY26 (PKR 11.2 billion 1HFY25). This translates into earnings per share of PKR 25.82, with gross sales reaching PKR 1.6 trillion.

On a consolidated basis, the group posted a profit after tax of PKR 14.7 billion with earnings per share of PKR 31.34.

Maintaining its leadership in the white oil segment with a 42.2% market share and total sales of 3,418 KMT while black oil sales declined due to reduced power sector offtake. Notably, the company reinforced its near-total dominance in the aviation sector, maintaining a 99% market share in the jet fuel segment.

PSO also delivered its highest-ever LPG performance with record sales of 28.5 KMT, representing a 3.6% increase over the same period last year.

Significant progress was made in strengthening the nation’s energy infrastructure. The company successfully rehabilitated 39 KMT of storage capacity across key locations including Mehmoodkot, Keamari, Zulfiqarabad, and Habibabad.

Furthermore, the White Oil Pipeline Project reached a major milestone with the federal cabinet’s ratification of the project summary and provisional tariff, moving it toward full implementation. PSO also expanded its physical footprint to 3,638 retail outlets and enhanced its convenience ecosystem through the growth of VIBE stores and the launch of the in-house VIBE Café.

Embracing the future of energy, PSO is leading the way in sustainability through PSO Renewable Energy (PSORE). The company has solarized several operational terminals and is on track to add an additional 2.2 MWp of solar capacity by mid-2026. Simultaneously, PSO established Pakistan’s largest electric vehicle (EV) infrastructure with nine charging stations across major highways and cities.

Digital innovation remained a priority, highlighted by the successful launch of the Payvay mobile application and the integration of Raast digital payments through its fintech subsidiary, Cerisma (Pvt.) Limited.

Beyond operations, PSO remains committed to social impact, investing PKR 196 million in healthcare, education, and community development, including the PSO Model Village for flood-affected families. While circular debt remains a persistent challenge with receivables at PKR 412 billion, the company continues to engage proactively with the Government for a sustainable solution.

PSO remains committed to driving Pakistan’s energy future through innovation and sustainable growth, ensuring long-term value for both shareholders and the nation.