Earnings Surge Expected in Pakistan’s OMC Sector

Karachi: Earnings in Pakistan’s oil marketing companies (OMC) sector are projected to rise significantly, with a 64% year-on-year increase anticipated for the first quarter of the fiscal year 2026, according to AKD Securities Limited. The report highlights the expected performance of key players, including Pakistan State Oil (PSO) and Attock Petroleum Limited (APL), which are set to see a notable rise in net profit after tax (NPAT).

The domestic OMC sector saw offtakes reach 3.9 million tons in the first quarter, marking a 6% increase from the previous year, although this figure reflects a 15% decline from the previous quarter. The decline in finance costs, expected to fall by 34% year-on-year, is largely attributed to PSO, which is projected to benefit from a 35% reduction in finance expenses.

AKD Securities’ report also provides updated target prices for the companies, with PSO’s target set at 760 Pakistani Rupees per share and APL’s at 750 Pakistani Rupees per share as of June 2026. These figures suggest optimism for the sector’s growth and profitability despite the quarterly drop in offtakes.