PPL reports 25% profit decline in 9MFY25

KARACHI: Pakistan Petroleum Limited (PPL) reported a net profit of Rs72.7 billion (EPS: Rs26.72) for the nine months ended March 31, 2025 (9MFY25), marking a 25 per cent year-on-year (YoY) decline. For the third quarter (3QFY25), earnings stood at Rs21.8 billion (EPS: Rs8.01), down 21 per cent YoY.

The board also declared a dividend of Rs1 per share for 3QFY25, taking cumulative payouts to Rs5 per share for 9MFY25, with a payout ratio of 18.7 per cent (SPLY: 9.9 per cent).Net sales fell 15 per cent YoY to Rs190.7 billion due to a combination of lower oil and gas production (down 9 per cent and 8 per cent YoY, respectively), softer oil prices, and a reduced Sui wellhead price. Exploration costs declined 3.0 per cent YoY to Rs11.6 billion during the period, while rising 44 per cent YoY in 3QFY25.

Other income surged 68 per cent YoY to Rs19.5 billion on higher returns from cash balances. Trade debts increased to Rs592 billion, while cash reserves stood at Rs133 billion as of March 2025.