AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
KARACHI: Pakistan Refinery Ltd. (PRL) held a corporate briefing session to discuss its financial performance for FY25 and the first quarter of FY26. The company reported a slight increase in revenue but noted a significant annual loss due to declining gross margins.
PRL’s revenue for FY25 was PkR310 billion, a 1.3% increase from PkR306 billion in FY24, primarily attributed to volumetric growth. Despite the increase in topline, the company faced a loss of PkR4.7 billion, a reversal from the PkR4.1 billion profit recorded in the previous year.
The loss was largely attributed to a reduction in gross margins, a critical factor for the company’s profitability. However, PRL showed signs of recovery in 1QFY26, posting a profit of PkR1.0 billion, compared to a loss of PkR2.4 billion in the same period last year.
The improvement in the first quarter was driven by better refinery margins, which increased to $5 per barrel from an average of $1.5-$2 per barrel throughout FY25. The company’s financial outlook for the coming quarters remains focused on sustaining and improving these margins.
The session provided stakeholders with insights into PRL’s current challenges and future strategies as the company navigates a fluctuating market environment.