Pakistan State Oil (PSO), the country’s leading energy provider, has announced a robust performance for the first half of fiscal year 2025, achieving a net profit of Rs. 11.2 billion and gross sales of Rs. 1.74 trillion. The company’s Board of Management reviewed these results during a meeting on February 13, 2025, highlighting a net profit of Rs. 9.1 billion, which translates to earnings per share of Rs. 19.48.
Despite facing a volatile market environment, PSO successfully navigated industry challenges, ensuring a consistent fuel supply to meet the nation’s energy needs. The company maintained a strong market presence, capturing 47.1% of the white oil segment with sales of 3,610 KMT. In the diesel market, PSO secured a 48.1% share, selling 1,660 KMT, while its Motor Gasoline (MoGas) portfolio achieved a 41.5% market share with sales of 1,601 KMT. Notably, PSO dominated the jet fuel segment, holding an impressive 99.1% market share with total sales of 326.8 KMT.
In a significant achievement, PSO recorded its highest-ever Liquefied Petroleum Gas (LPG) sales in FY25, with a remarkable monthly growth of 22% in December 2024, bringing total LPG sales to 27.56 KMT in 1HFY25, a 10% increase from the same period last year.
The company is committed to sustainable growth and has made strategic investments to enhance its logistics and supply chain capabilities. Key developments include the rehabilitation of three lubricant tanks at Keamari Terminal B and Lubricant Manufacturing Plant A, adding 3 KMT of capacity, and an ongoing expansion project involving four additional tanks to increase capacity by 7 KMT. Additionally, PSO expanded its storage capacity for PMG and HSD fuels by 25 KMT at its Faqirabad depot through the construction of two new storage tanks.
PSO has also focused on enhancing customer experiences by significantly expanding its retail network, reaching a milestone of 3,610 outlets nationwide, along with the modernization of 111 convenience stores. The company has further improved its retail operations by deploying Dispensing Unit Controllers (DUCs) to 50 additional retail sites, increasing total coverage to 1,200 locations for better data management and network monitoring.
In a bid to redefine the retail experience, PSO launched VIBE, a pioneering concept convenience store in Karachi, setting new standards for convenience retailing. The company has also partnered with Pakistan Railways to introduce refueling services at eight strategic locations across the country, enhancing logistics efficiency and promoting environmental sustainability.
PSO’s commitment to social responsibility is evident in its contribution of PKR 130 million to various non-profits, addressing critical needs in healthcare, education, youth development, community empowerment, and environmental sustainability.
However, the ongoing circular debt crisis continues to pose challenges for PSO, with receivables totaling PKR 467 billion as of December 31, 2024, including PKR 340 billion owed by SNGPL. The company is actively collaborating with the government to seek solutions to this persistent issue.
In conclusion, PSO remains dedicated to delivering customer-centric innovations and advancing strategic projects aimed at generating substantial shareholder value and sustainable growth.
