Karachi: Pakistan State Oil (PSO), the nation's energy flagship, announced its financial results for the first half of fiscal year 2026, demonstrating resilience and a continued growth trajectory. The Board of Management reviewed the group's performance for the period at its meeting held on February 17, 2026.
According to Pakistan State Oil, during the period under review, PSO recorded a profit after tax of PKR 12.1 billion, compared to PKR 11.2 billion in the same period the previous year. This translates into earnings per share of PKR 25.82, with gross sales reaching PKR 1.6 trillion. On a consolidated basis, the group posted a profit after tax of PKR 14.7 billion with earnings per share of PKR 31.34.
PSO maintained its leadership in the white oil segment with a 42.2% market share and total sales of 3,418 KMT, while black oil sales declined due to reduced power sector offtake. The company reinforced its dominance in the aviation sector, maintaining a 99% market share in the jet fuel segment, and achieved record sales of 28.5 KMT in LPG, marking a 3.6% increase over the same period last year.
Significant progress was made in strengthening the nation's energy infrastructure. PSO successfully rehabilitated 39 KMT of storage capacity across key locations. The White Oil Pipeline Project reached a milestone with federal cabinet ratification, moving it toward full implementation. The company expanded its physical footprint to 3,638 retail outlets and enhanced its convenience ecosystem.
In sustainability efforts, PSO is advancing through PSO Renewable Energy. The company has solarized several operational terminals and plans to add an additional 2.2 MWp of solar capacity by mid-2026. PSO has established Pakistan's largest electric vehicle infrastructure with nine charging stations. Digital innovation was underscored by launching the Payvay mobile application and integrating Raast digital payments.
Beyond operations, PSO invested PKR 196 million in healthcare, education, and community development, including the PSO Model Village for flood-affected families. While circular debt remains a challenge with receivables at PKR 412 billion, the company is proactively engaging with the Government for a sustainable solution.
PSO remains committed to driving Pakistan's energy future through innovation and sustainable growth, ensuring long-term value for shareholders and the nation.
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