Pakistan State Oil (PSO) reported a gross profit of Rs. 99.9 billion for fiscal year 2026, up from Rs. 96.7 billion a year earlier, while gross profit excluding LNG increased 20.5 percent to Rs. 81.9 billion.

The company announced its financial results for the year ended June 30, 2026, after a Board of Management meeting on September 25.

PSO’s standalone profit after tax stood at Rs. 15.07 billion, with earnings per share of Rs. 32.1. At the group level, PSO’s share in consolidated profit after tax reached Rs. 25.49 billion, while gross revenue stood at Rs. 3.42 trillion.

The company said its core business absorbed a Rs. 10.7 billion impact from LNG while still recording higher profitability.

Trade receivables declined from Rs. 437.5 billion to Rs. 414.8 billion during the year. SNGPL receivables alone fell by Rs. 34.3 billion, while lower discount rates helped reduce finance costs by 24 percent.

PSO said Pakistan’s fuel supply remained uninterrupted throughout the Strait of Hormuz crisis, supported by import planning, inventory management and its 1.23 million metric ton storage capacity.

The company held a 42.7 percent share of the white oil market and a 99 percent share of the aviation fuel market. It generated more than $360 million in foreign exchange earnings from aviation fuel during the year.

Other businesses also recorded growth. Lubricant volumes increased 6 percent to 44,000 tonnes, while LPG contribution nearly tripled. Chemical volumes rose 203 percent to 5,170 metric tonnes.

PSO expanded its retail network to 3,688 outlets, while its convenience retail network surpassed 350 sites.

For FY2027, the company plans to focus on fuel availability, retail expansion, lubricants and LPG growth, digital payments and infrastructure projects including the White Oil Pipeline, solarization of sites and EV charging facilities.

PSO also reported zero fatalities and more than 48 million safe man hours during FY2026.