PSO | Solid Profit, Strong Market Leadership, and Ongoing Digital & Green Transformation | Q1-Sep2025 Directors' Report Summary

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 Pakistan State Oil (PSO) – Q1-Sep2025 Directors' Report Summary

PSO reported a profit after tax of PKR 9.4 billion (EPS: PKR 20), while the Group’s consolidated profit including Pakistan Refinery Limited stood at PKR 10.5 billion (EPS: PKR 22.4).

During the quarter, the oil marketing sector showed resilience, with PSO maintaining market leadership at a 42% share. Sales of motor gasoline rose 9.3% YoY and diesel 16%, though black oil volumes declined 81.6% amid low furnace oil demand and higher levies. White oil sales grew 3.5% YoY to 1.6 million tons.

PSO expanded its retail network to 3,649 outlets, launched new premium Vibe Stores, and enhanced logistics security through high-security plastic seals for tank lorries. Its digital transformation drive — including the SAP S/4HANA upgrade, terminal automation, and Ring-Fencing connectivity — has strengthened operational efficiency and service quality.

The company entered the hospitality sector in Gilgit, promoting LPG adoption for environmental sustainability, and continued strong CSR engagement with PKR 31 million in donations across healthcare, education, and social projects. Its CSR Trust won international awards for environmental and healthcare initiatives.

Subsidiary Cerisma (Pvt.) Limited received pilot approval as an Electronic Money Institution (EMI) from the State Bank of Pakistan, marking PSO’s entry into digital financial services. Meanwhile, PSO Renewable Energy (Pvt.) Ltd. advanced solarization projects generating about 1MW of clean energy, with 2.7MW more planned, driving the company’s shift from “molecules to electrons.”

Despite progress, circular debt remains a key challenge, with receivables of PKR 426 billion (including PKR 294 billion from SNGPL). The Government’s Circular Debt Reduction Plan aims to ease liquidity pressures.

See Report https://dps.psx.com.pk/download/document/264179.pdf