Pakistan Petroleum Limited (PSX: PPL) posted a 7 percent year-over-year (YoY) increase in annual profit to Rs. 98.53 billion in fiscal year 2026, according to a review by Arif Habib Limited (AHL).

The increase was supported by higher oil prices, stronger hydrocarbon production and the reversal of super tax following a Federal Constitutional Court judgment.

PPL announced a record interim cash dividend of Rs. 6 per share for the fourth quarter, taking its total dividend for FY26 to a record Rs. 12 per share.

The company’s fourth-quarter profit jumped 93 percent YoY and 80 percent quarter-over-quarter (QoQ) to Rs. 37.38 billion, with earnings per share (EPS) at Rs. 13.74.

PPL’s fourth-quarter sales increased 64 percent YoY to Rs. 84.9 billion, while full-year sales reached Rs. 264 billion.

Gas production at Kandhkot rose 18.6 percent YoY, while Nashpa output increased 80 percent. Mari production, however, declined 4.3 percent.

Oil production at Nashpa grew 32.1 percent, while output from the TAL Block increased 28 percent to 12,687 barrels per day. The higher production partly offset lower crude output caused by supply disruptions.

Other income fell 32 percent YoY to Rs. 3.2 billion during the quarter, mainly due to lower interest rates and the absence of a Rs. 1.6 billion one-time insurance claim recorded in the previous quarter.

PPL’s recovery ratio declined to 86 percent from 88 percent a year earlier, while trade receivables increased to Rs. 623.4 billion from Rs. 611.6 billion in the third quarter.

The company also invested Rs. 7.5 billion in the Reko Diq project in June 2026, taking its total FY26 investment in the project to Rs. 28.6 billion, up from Rs. 12.7 billion in FY25.