PSO Reports 28% Profit Decline Despite Increased Gross Earnings in FY2026

ISLAMABAD: Pakistan State Oil (PSO) has reported a significant 28% decline in profit after tax for the fiscal year 2026, despite a rise in gross earnings. The company’s financial performance has been adversely affected by escalating costs, weaker liquefied natural gas (LNG) operations, and increasing government-related receivables.

According to PSO’s FY2026 Annual Report, gross profit rose by 3.3%, reaching Rs99.9 billion compared to Rs96.7 billion the previous year. However, the overall profit after tax fell sharply, highlighting the challenges faced by the company in a volatile market environment.

This downturn in profitability raises concerns about the sustainability of PSO’s operations and its ability to meet the growing energy demands of Pakistan. The decline may also impact the broader economy, as PSO plays a crucial role in the country’s energy sector and is a key player in stabilizing fuel prices.

Looking ahead, PSO is expected to implement strategic measures to address these financial challenges, including optimizing operational efficiencies and enhancing its LNG portfolio. Stakeholders will be closely monitoring the company’s upcoming quarterly reports for signs of recovery.