PRL · Pakistan Refinery Limited
Transmission of Annual Report for the Year Ended June 30, 2026
- Filed
- 15 September 2026 at 10:11 am
- Category
- Financials
- Sentiment
- Good
- Impact
- High
AI executive summary
Pakistan Refinery Limited (PRL) reported a historic turnaround for the year ended June 30, 2026, posting a record profit after tax of PKR 15.78 billion (EPS of PKR 25.05) compared to a loss of PKR 4.66 billion in the previous year. The stellar performance was driven by robust refining margins, operational efficiencies, and successful crude procurement strategies. The Board did not propose a dividend for the year, prioritizing cash retention and funding requirements for the ongoing Refinery Expansion and Upgrade Project (REUP).
Key takeaways
- Pakistan Refinery Limited reported a profit after tax of PKR 15,779.96 million for the year ended June 30, 2026, marking a complete turnaround from a loss after tax of PKR 4,659.67 million in the previous year.
- Earnings per share (EPS) surged to PKR 25.05 for FY2026, up from a loss per share of PKR 7.40 in FY2025.
- Revenue from contracts with customers grew by 13.04% YoY to reach PKR 350,838.92 million compared to PKR 310,351.36 million in the prior year.
- The Board of Directors did not propose a dividend for the year ended June 30, 2026, to conserve funds for the Refinery Expansion and Upgrade Project (REUP).
- The Company progressed the Refinery Expansion and Upgrade Project (REUP) with the issuance of a conditional EPC Letter of Intent in December 2025, aiming to double crude processing capacity to 100,000 bpd and produce Euro V compliant fuels.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in PKR '000
Reporting period
Year
- Income
- 350,838,916 (prior 310,351,355)
- Profit after tax
- 15,779,957 (prior -4,659,666)
- EPS
- 25.05 (prior -7.4)
- The Board of Directors did not propose a dividend for the year ended June 30, 2026, citing future cash flow requirements and funding needs for the Refinery Expansion and Upgrade Project (REUP).
- Progressed the Refinery Expansion and Upgrade Project (REUP) by issuing a conditional Engineering Procurement Construction (EPC) Letter of Intent (LoI) on December 30, 2025.
- Assessing alternative phased project execution approaches with a hybrid Owner's Engineers (OE) / Project Management Consultants (PMC) methodology to ensure timely project completion within 36 months of notice to proceed.
Dividend and entitlement
- Type
- None
- Notes
- Transmission of Annual Financial Statements for the Year Ended 2026-06-30 with no cash dividend, bonus, or rights entitlement mentioned.
- #earnings
- #annualresults
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- #refinery
- #financials
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.