Oil and Gas Development Company Limited reports profit after tax of Rs242.37 billion and announces a record total dividend of Rs17 per share for FY26.

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) reported a 42.57% increase in annual profit for fiscal year 2025-26, with profit after tax rising to Rs242.37 billion, while announcing its highest-ever total dividend.

According to the consolidated statement of profit or loss for the year ended June 30, 2026, submitted to the Pakistan Stock Exchange (PSX), OGDCL’s profit after tax increased from Rs170 billion in FY25 to Rs242.37 billion in FY26.

The company’s earnings per share (EPS) also increased to Rs56.35, compared with Rs39.50 in the previous fiscal year.

OGDCL announces highest-ever dividend

OGDCL announced a final cash dividend of Rs6 per share, equivalent to 60%, for FY26 based on the accounts for the year ended June 30, 2026.

The final dividend is in addition to interim dividends of Rs11 per share, equivalent to 110%, already paid during the year.

According to the company, the total dividend of Rs17 per share announced for FY26 represents its highest-ever dividend, reflecting strong shareholder distributions from the year’s earnings.

Revenue and gross profit increase

OGDCL’s total revenue rose to Rs449.19 billion during FY26 from Rs401.18 billion in the previous fiscal year.

Gross profit increased to Rs246.76 billion, compared with Rs231.61 billion a year earlier.

Royalty payments increased to Rs52.62 billion from Rs47.14 billion, while operating expenses rose to Rs147.70 billion from Rs120 billion.

Transportation charges, however, declined slightly to Rs2.11 billion from Rs2.23 billion.

Exploration expenditure rises

The company’s exploration and prospecting expenditure increased substantially to Rs28.78 billion in FY26 from Rs18.77 billion in FY25.

Administration expenses also increased to Rs11.06 billion, compared with Rs7.52 billion in the previous year.

Finance and other income declined to Rs54.38 billion, while finance costs fell to Rs5.10 billion from Rs5.81 billion.

OGDCL’s share of profit in associations increased to Rs16.60 billion, compared with Rs12.67 billion in FY25.

Income tax payment declines

The company’s income tax payment fell sharply to Rs16.76 billion in FY26, compared with Rs109.41 billion in the previous fiscal year.

Despite higher royalty, operating and exploration expenses, OGDCL posted a substantial increase in annual profit, while its total dividend reached a record Rs17 per share for FY26.