Pakistan State Oil (PSO) delivered a robust financial performance in the first half of FY25, posting a 44% increase in unconsolidated net profit to Rs11.2 billion, with earnings per share (EPS) of Rs23.81, compared to Rs7.8bn and EPS of Rs16.51 in 1HFY24.
For the second quarter of FY25, the state-run petroleum giant recorded an unconsolidated profit of Rs7.2bn (EPS: Rs15.35).
In a meeting on Thursday, the company’s board of management reviewed the half-yearly financial results for the period ending Dec 31, 2024. On a group level, PSO reported a net profit of Rs9.1bn, translating into EPS of Rs19.48.
PSO maintained its market leadership, securing 47.1% of the white oil segment with sales of 3.6 million tonnes. The company dominated the diesel market with a 48% share, selling 1.66 million tonnes, while its MoGas (petrol) segment retained a 41.5% market share with 1.601 million tonnes in sales. Additionally, PSO reinforced its leadership in the jet fuel segment, securing a 99% market share with total sales of 326,000 tonnes.
