Attock Refinery | Summarized Directors’ Review – Q1 Sep 2025

ATRL | First Quarter Ending Sep 2025

Attock Refinery Limited reported a profit after tax of Rs. 1,452 million (EPS Rs. 13.62) from refinery operations for Q1-FY26, compared to Rs. 3,029 million (EPS Rs. 31.22) in the same period last year. Non-refinery income of Rs. 258 million was not recognized this quarter as the dividend approval of the concerned company was pending; in the corresponding period last year, non-refinery income stood at Rs. 301 million.

Refinery margins weakened due to global market pressures, reduced crude receipts, and HSD uplifting issues in the local market, significantly affecting profitability. Despite these challenges, the Company focused on optimizing business processes, improving operational efficiency, and strengthening overall performance.

On a consolidated basis, profit after tax was Rs. 2,401 million (EPS Rs. 22.52) versus Rs. 3,713 million (EPS Rs. 34.83) a year earlier.

During the quarter, the refinery supplied 310,000 metric tons of petroleum products, operating at 65% capacity (Sep 2024: 400,000 metric tons, 71% capacity). The lower utilization was due to constrained crude supplies, reduced gas availability from curtailed gas fields, dependence on LNG imports, and flood-related disruption affecting HSD demand.

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