NRL | National Refinery | Q1-Sep25

NRL | National Refinery | Q1-Sep25

  • EPS (Q1) Rs. 12.8 No cash dividend was declared for Q1.
  • EPSttm: Rs. -82.6 Cash Dividend (ttm) Rs. 0 per share
  • PAT (Q1) Rs. 1,025mn. Profit after Tax includes Other Income Rs 91mn

NRL Returns to Profit After a Tough Year

National Refinery Limited (NRL) posted a strong turnaround in Q1-Sep25, reporting an EPS of Rs. 12.8 and a PAT of Rs. 1,025 million, ending four consecutive loss-making quarters. The improvement was driven by a recovery in refining margins, with gross profit reaching Rs. 4.1 billion and a margin of 5.2%, after three quarters of gross losses.

Trailing twelve-month (TTM) EPS remains negative at Rs. -82.6, reflecting earlier losses.

 Revenue stood at Rs. 79.6 billion, higher both year-on-year and versus the last four-quarter average.

NRL, part of the Attock Group (with POL and Attock Refinery each holding 25%), operates three refineries — two lube refineries (commissioned in 1966 and 1985) and a fuel refinery (1977). Modernisation efforts include the Diesel Hydro De-sulphurisation (DHDS) and Isomerisation (ISOM) units commissioned in 2017–18.

Summary Directors' Report

https://dps.psx.com.pk/company/NRL

https://financials.psx.com.pk/lib/DownloadPDF.php?id=264606