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Karachi: Pakistan State Oil (PSO) delivered a stable performance for the first half of the fiscal year 2025, announcing a net profit of PKR 11.2 billion alongside gross sales totaling PKR 1.74 trillion.
According to a statement by Pakistan State Oil, the company’s Board of Management reviewed the financial results for the half-year ending December 31, 2024, during a meeting on February 13, 2025. The group reported a net profit of PKR 9.1 billion, translating into earnings per share of PKR 19.48.
PSO maintained its market leadership in 1HFY25, securing 47.1% of the white oil segment with sales of 3,610 KMT. The company also dominated the diesel market, capturing a 48.1% share with 1,660 KMT in sales, and held a 41.5% market share in its MoGas portfolio with 1,601 KMT sold. In the jet fuel segment, PSO achieved a 99.1% market share, with total sales reaching 326.8 KMT.
Additionally, PSO accomplished its highest-ever LPG sales in FY25, with a record monthly growth of 22% in December 2024, reaching 5.2 KMT. Total LPG sales for the period amounted to 27.56 KMT, marking a 10% increase compared to 1HFY24.
The company has made significant strides in expanding its retail operations, achieving a milestone of 3,610 outlets nationwide and modernizing 111 convenience stores to improve customer service.
PSO also enhanced its operational capabilities by deploying Dispensing Unit Controllers (DUCs) at 50 additional retail sites, bringing the total to 1,200 locations, which boosted data management and network monitoring capabilities.
Despite these achievements, PSO’s financial performance is affected by the ongoing circular debt crisis, with receivables amounting to PKR 467 billion as of December 31, 2024. Of this, PKR 340 billion is owed by SNGPL. The company is actively collaborating with government authorities to address and resolve this issue.
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