KARACHI: Pakistan State Oil (PSO) reported a sharp rise in profitability for the nine months ended March 31, 2026, with net profit climbing to Rs38.1 billion from Rs15.3 billion a year earlier.
Earnings per share surged to Rs81.19, while gross sales reached Rs2.4 trillion, reflecting strong operational performance despite a volatile global energy market. On a consolidated basis, profit stood at Rs39.4 billion, with EPS at Rs83.93. The period was marked by significant disruptions in global oil markets, including supply shocks linked to tensions in the Middle East and a sharp spike in crude prices. The company said it managed these challenges by securing alternative supply sources and increasing reliance on domestic refining.
PSO maintained its leadership in the white oil segment with a 42.6 per cent market share and total sales of 5,163 KMT, supported by strong positions in diesel and motor gasoline. The aviation segment remained dominant with a 99.2 per cent market share, while the lubricants business recorded 16 per cent volumetric growth.The LPG segment also posted record cumulative sales of 46,895 MT, up 10 per cent year-on-year (YoY).
