KARACHI: Pakistan Petroleum Limited (PPL) reported a profit after tax of Rs98.53 billion for the financial year ended June 30, 2026, as shareholders approved the company’s annual accounts and final cash dividend at its annual general meeting on October 27.
The company’s profit rose approximately 7.1% from Rs92.03 billion in the preceding financial year. Revenue increased to Rs264.01 billion from Rs242.52 billion, representing growth of nearly 8.9%.
Shareholders approved a final dividend of Rs6 per share, bringing the total cash dividend for the year to Rs12 per share.
PPL also reported 11 exploration discoveries during the financial year, including two in company-operated areas and nine in partner-operated assets. The discoveries added an estimated 242 billion cubic feet equivalent to proved and probable reserves.
The company drilled seven exploration wells and four development wells. Average production reached 649 million cubic feet per day equivalent, approximately 3% higher than the previous year.
Cash collections stood at Rs284 billion, which PPL described as a record for the company.
During the year, PPL also secured interests in eight offshore exploration blocks through Pakistan’s 2025 bidding round, including two blocks as operator and six as a partner.
The financial results were originally disclosed before the annual general meeting. The October 27 meeting marked shareholder approval of the accounts and dividend, alongside the company’s review of its operational performance.