KARACHI, April 29, 2025 — Pakistan State Oil (PSO), the nation’s largest oil marketing company, recorded a consolidated net profit of Rs10.67 billion during the nine months ending March 31, 2025 (9MFY25), reflecting a steep 42% drop from Rs18.51 billion reported in the same period last fiscal year, according to its latest unaudited financial statements.
In the third quarter alone (January–March 2025), PSO reported a profit of Rs2.62 billion, marking a 30% year-on-year decline from Rs3.74 billion. The decrease in profitability comes amid ongoing macroeconomic pressures, including rising financial costs and weakening demand for petroleum products.
Earnings per share (EPS) of Pakistan State Oil declined to Rs6.74 for the quarter compared to Rs9.45 in the same quarter last year, while EPS for the nine-month period slipped to Rs26.23 from Rs35.46, further reflecting the downtrend in PSO’s profit margins.
The net sales of Pakistan State Oil for the quarter were recorded at Rs746.84 billion, representing a 12% decrease from the same quarter last year. Gross profit also edged down to Rs21.6 billion from Rs23.36 billion. Operating expenses, including distribution, marketing, and administrative costs, remained stable at around Rs9.11 billion of Pakistan State Oil.
Despite a fall in revenues, PSO sustained its operational efficiency, with operating profit for the quarter reported at Rs18.17 billion, nearly unchanged from Rs18.04 billion a year earlier. However, rising finance costs — which surged to Rs8.59 billion — significantly eroded overall profit.
Additionally, PSO booked a share of profit from associates amounting to Rs190.9 million, down from Rs300.5 million in the corresponding quarter.
Industry analysts pointed to reduced fuel volumes, rupee volatility, and compressed margins as key contributors to the lower profit figures. PSO did not announce any interim dividend along with the financial disclosure.
The company remains cautious in its outlook, as economic headwinds continue to challenge profitability and operational growth.