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$PSO Pakistan State Oil (PSO): 2QFY26 EPS clocked in at PKR5.8 – By Insight Research

Insight Securities
$PSO Pakistan State Oil Company Limited
Rs. 346.95 +0.12%
  • Pakistan State Oil (PSO) has announced its 2QFY26 result, in which company posted unconsolidated PAT of ~PKR2.7bn (EPS: PKR5.8) vs. PAT of ~PKR9.3bn (EPS: PKR20.0) in preceding quarter, down by 71% QoQ. The result is below our expectation amid lower than expected gross margins coupled with higher ETR.
  • Topline of the company increased by 3% QoQ in 2QFY26, mainly attributable to higher volumetric sales. To highlight, in 2QFY26 company’s petroleum offtakes Increased by 10% QoQ, while retail offtakes increased by 12% QoQ.