NRL reported a profit after tax of Rs. 1,025 million, reversing a loss of Rs. 7,237 million in the same period last year. The turnaround reflects operational efficiencies, better product spreads, and strategic measures implemented in FY2024–25.
Operational Performance:
- Crude throughput rose 35% YoY to 492,569 tons (65% capacity).
- HSD sales increased 62% to 205,563 tons.
- Higher yields of premium fuels (MS 95 RON, HSD), stronger Lube Base Oil sales, and initiation of wax exports boosted margins.
Finance & Treasury: Finance cost fell by Rs. 1.1 billion due to lower interest rates and exchange rate stability.
Governance & Operations: Continued focus on HSE, reliability, and cost control. HR rebranded as “People & Culture”, emphasizing engagement and performance.
Refinery upgrade agreement completed under the Pakistan Oil Refining Policy 2023 (amended 2024); escrow account pending from the Government.
Began recognizing receivable under IFEM for reimbursable duties.
Recovery of unclaimed sales tax (FY2024–25) initiated; coordination with Ministry of Energy and OGRA ongoing.
https://financials.psx.com.pk/lib/DownloadPDF.php?id=264606
