October 29, 2025 (MLN): Hascol Petroleum Limited (PSX: HASCOL) has reported a consolidated loss after tax (PAT) of Rs5.26 billion for the nine months ended September 30, 2025, showing a significant improvement compared to a loss of Rs7.36bn recorded in the same period last year.
The company’s net revenue rose sharply to Rs136.65bn in 9M FY25, up 31% from Rs104.12bn a year earlier, driven by higher sales volumes and better pricing.
Hascol reported a gross profit of Rs3.25bn, compared to Rs2.98bn in the corresponding period of 2024.
This translates into a gross profit margin of 2.37% (FY24: 2.87%), indicating modest pressure on margins despite the revenue growth.
Operating profit increased to Rs834 million (FY24: Rs519m), supported by higher other income of Rs1.93bn, offsetting the impact of increased distribution and administrative expenses.
Finance costs, however, remained a major drag, amounting to Rs4.96bn, though significantly lower than Rs7.71bn last year as the company continued deleveraging efforts and benefited from a more stable exchange rate environment.
After accounting for taxation and discontinued operations, Hascol closed the nine-month period with a net loss of Rs5.26bn, improving by 29% YoY.
The company’s net margin stood at -3.85% (FY24: -7.07%), reflecting narrowing losses as cost controls and financial restructuring efforts continued to bear fruit.
Key Financial Highlights- Nine Months Ended September 30, 2025 (Rs ‘000)
| Particulars | 2025 | 2024 | Change (%) |
|---|---|---|---|
| Net Revenue | 136,654,906 | 104,120,191 | +31% |
| Cost of Products Sold | (133,407,771) | (101,138,114) | +32% |
| Gross Profit | 3,247,135 | 2,982,077 | +9% |
| Operating Expenses | (4,267,467) | (3,308,921) | +29% |
| Operating Profit | 833,925 | 519,322 | +61% |
| Other Income | 1,933,454 | 867,737 | +123% |
| Finance Cost | (4,961,017) | (7,710,875) | -36% |
| Exchange (Loss)/Gain - Net | (625,552) | 349,439 | — |
| Loss Before Tax (Continuing Operations) | (5,203,045) | (7,247,668) | -28% |
| Loss After Tax (Continuing Operations) | (5,203,045) | (7,247,668) | -28% |
| Loss After Tax (Discontinued Operations) | (53,920) | (111,316) | -52% |
| Net Loss for the Period (PAT) | (5,256,965) | (7,358,984) | -29% |