Pakistan State Oil (PSO) earned Rs25.56 billion in profit after tax during the first quarter of fiscal year 2026-27, compared with Rs9.39 billion in the same quarter last year, according to the company’s financial results.

Earnings per share increased to Rs54.44 from Rs20.00 a year earlier, supported by higher sales volumes and a better product mix.

PSO’s petroleum sales grew 17.8% year-on-year (YoY) in July-September 2026, outpacing the industry’s growth of 7.1%. The company’s market share rose by 4.2 percentage points to 45.9%.

On a consolidated basis, PSO reported a profit after tax of Rs29.42 billion and earnings per share of Rs62.66, including the contribution of Pakistan Refinery Limited (PRL).

Petrol sales increased 23.2% to 968,000 metric tonnes, while high-speed diesel sales climbed 12.8% to 759,000 tonnes. Aviation fuel sales grew 15.5%, with PSO holding 99.6% of the Jet A-1 market. Lubricant sales rose 17.4% to 9,970 tonnes.

To meet demand, PSO imported 756,000 tonnes of petroleum products through 16 cargoes and collected 1.019 million tonnes of petrol and diesel from domestic refineries during the quarter.

The company expanded its retail network by 37 outlets to 3,727 locations and increased its electric vehicle charging network to 16 sites.

PSO also continued managing the country’s long-term liquefied natural gas (LNG) supply portfolio during a period of supplier force majeure. After the quarter, it signed a government-to-government sale and purchase agreement with Oman’s OQ Trading to widen Pakistan’s fuel sourcing options.

Separately, the company’s CSR Trust spent Rs112 million on education, healthcare and community development during the quarter.