AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: National Refinery Limited (NRL) reported its financial results for fiscal year 2025, revealing a net revenue of PkR307.7 billion, marking a slight decrease of 0.4% from the previous year. Despite improvements in gross refinery margins, the company posted a net loss of PkR14.9 billion, its third consecutive year of losses. This compares to a loss of PkR15.8 billion in the previous fiscal year.
The losses were attributed to increased manufacturing costs, with higher utilities and tariffs playing a significant role, as well as inventory losses during the first three quarters of the year.
On a positive note, NRL experienced a 16.6% increase in sales volume, reaching 1.6 million tons. This uptick was driven primarily by increased sales of high-speed diesel, motor spirit, and residual fuel oil for export.
The refinery continues to operate at a crude oil processing capacity of 70,000 barrels per day, or 23.1 million barrels annually.