Archive · Business Recorder
PSO in FY26–held back by a weaker last quarter
Pakistan State Oil Company Limited’s (PSX: PSO) FY26 performance was mixed. The company remained operationally resilient through a volatile year, but weaker fuel volumes, lower LNG activity and heavy inventory losses in the final quarter pulled down earnings. Net sales declined 3 percent to Rs3.05 trillion, reflecting lower MS and HSD volumes and reduced contribution from LNG. PSO’s MS and HSD volumes fell by around 5 percent and 6 percent, respectively, year-on-year, while its market share slipped to around 42-43 percent as smaller OMCs gained ground. Despite lower sales, gross profit rose 3 ...
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