OGDC-Q1: EPS Rs. 8.9, Down 10% on 4-quarters average and Down 7% year on year

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Oil & Gas Development (OGDC) Q1-Sep25

OGDC reported Q1-FY25 EPS of Rs. 8.9, down 10% versus the last four-quarter average and 7% year-on-year.

Revenue declined 4% compared to the recent four-quarter average and 9% YoY, while gross profit fell 3% and 14%, respectively. Despite the decline in earnings, the gross profit margin improved slightly to 59%, versus an average of 58% in the previous four quarters.

The effective tax rate was 38% (vs. 39% average).

Other and finance income stood at Rs. 12.2 billion, and the share of profit from associates was Rs. 3.1 billion. The company’s net income for the quarter totaled Rs. 38.3 billion.

The Board declared a cash dividend of Rs. 3.50 per share for Q1-FY25.

https://dps.psx.com.pk/download/document/264119.pdf

Reko Diq Mining Project Overview and Progress 2025 (ODC has 25% share)

  • Feasibility study was completed and approved by OGDCL and RDMC Boards by early 2025.
  • On August 18, 2025, the Board approved a pro-rata funding commitment of USD 715 million.
  • Shareholders endorsed this in an EOGM on September 10, 2025.
  • Financing is in the final stages.
  • Early site development has started.
  • First production is targeted for fiscal year 2028-29.


OGDC owns a 20% stake in Mari Energies (PSX:MARI). It is holding 42% of Pakistan's oil reserves and 36% of its gas reserves.

The Government of Pakistan holds around 75% of its shares.


OGDC Technicals

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