Web Desk
KARACHI: Pakistan State Oil (PSO) successfully navigated complex market dynamics to achieve steady financial results, showcasing its strategic agility and adaptability. The Board of Management convened on August 19, 2025 in Karachi to review the group’s performance for the fiscal year ended June 30, 2025.
Despite navigating policy uncertainty, trade tensions, and financial market volatility, the company delivered robust financial results, reporting a notable profit after tax of PKR 20.9 billion. The Board of Management announced a dividend of PKR 10 per share, representing a payout ratio of 22.5% for the financial year 2024-25.
On a consolidated basis, including Pakistan Refinery Limited (PRL), the group achieved a profit after tax of PKR 16.4 billion, yielding an Earnings Per Share (EPS) of PKR 35.03.
PSO continued to lead the market, securing a 44% share of the liquid fuel market in FY25. The company continued its dominance across key petroleum segments, capturing a 45.7% share in the white oil segment and solidifying its position in a highly competitive landscape.
PSO with a 40.8% market share, sold 3.2 million metric tons in the motor gasoline segment. The company also sustained its leadership in diesel with a 46% market share and sales of 3.1 million metric tons. Even in the black oil segment, where demand declined due to the country’s shift towards alternative energy sources, PSO supplied 131,000 metric tons, demonstrating its adaptability and market resilience.
PSO cemented its unparalleled leadership in the jet fuel market, commanding a remarkable 99% market share while delivering seamless refueling operations at 15 strategically located airports nationwide. In a bold and innovative stride, the company launched a state-of-the-art mobile jet fuel refueling facility at the New Gwadar International Airport (NGIAP), driving Pakistan’s infrastructure development and aviation ambitions forward.
PSO’s strategic initiatives drove remarkable growth in the lubricants sector, boosting market share to 29% and sales volumes to 41,000 metric tons. Meanwhile, the company’s LPG business achieved a major milestone in FY25, with volumes surging to 60,000 metric tons, representing a substantial 22.4% year-on-year (YoY) increase.
In FY25, PSO aggressively expanded its retail footprint, adding 107 new outlets to reach a total of 3,649 across the country. With over 310 convenience stores, PSO is reimagining fuel stations as one-stop destinations for everyday essentials, elevating the customer experience and setting new standards in retail sector.
PSO demonstrated strong financial stewardship, improving receivables and liabilities management, leading to a 20% reduction in power sector circular debt and a decrease in SNGPL exposure by PKR 24.7 billion.
