Pakistan’s largest exploration and production company just announced massive financial gains. Today, Oil and Gas Development Company Limited (OGDCL) submitted its latest financial results to the Pakistan Stock Exchange (PSX). The company reported a consolidated net profit of PKR 58.5 billion for the quarter ended September 30, 2026. This figure marks a nearly 53% increase from the PKR 38.3 billion profit recorded during the same quarter last year.
Record-Breaking Profit & Revenue Growth
Higher revenue primarily drove this impressive profitability. OGDCL increased its revenue to PKR 132.4 billion during the quarter. This reflects a solid 38% growth compared to PKR 96.2 billion in the corresponding period last year. Consequently, gross profit surged by 48%. The company posted PKR 83.1 billion in gross profit, up from PKR 56.3 billion a year earlier.
Furthermore, the earnings per share (EPS) jumped significantly. OGDCL recorded an EPS of PKR 13.60, compared to PKR 8.91 in the same quarter last year. Before accounting for income tax and final taxes, the company posted a profit of PKR 88 billion. This is a noticeable jump from PKR 62 billion last year.
OGDCL Financial Breakdown for Q1 2026
Meanwhile, the company witnessed shifts in its operational expenses. Exploration and prospecting expenditure rose to PKR 4.8 billion. This represents a nearly 55% increase from the PKR 3.1 billion spent in the same quarter last year. General and administration expenses increased slightly to PKR 2.2 billion from PKR 2.1 billion.
However, finance costs actually declined. The company reduced these costs to PKR 1.16 billion from PKR 1.22 billion. Additionally, finance and other income provided further support to the bottom line. This income increased to PKR 13.8 billion from PKR 12.2 billion last year. Moreover, OGDCL’s share of profit in associates climbed to PKR 3.94 billion, up from PKR 3.17 billion.
| Financial Indicator | Q1 2026 (Sept 30) | Q1 2025 (Sept 30) | Growth / Trend |
| Revenue | PKR 132.4 billion | PKR 96.2 billion | + 38% |
| Gross Profit | PKR 83.1 billion | PKR 56.3 billion | + 48% |
| Net Profit | PKR 58.5 billion | PKR 38.3 billion | + 53% |
| Profit Before Tax | PKR 88.0 billion | PKR 62.0 billion | + 42% |
| Earnings Per Share (EPS) | PKR 13.60 | PKR 8.91 | + 53% |
| Exploration Expenses | PKR 4.8 billion | PKR 3.1 billion | + 55% |
| Finance & Other Income | PKR 13.8 billion | PKR 12.2 billion | + 13% |
| Finance Costs | PKR 1.16 billion | PKR 1.22 billion | – 5% |
| Share of Profit (Assoc.) | PKR 3.94 billion | PKR 3.17 billion | + 24% |
| General & Admin Expenses | PKR 2.2 billion | PKR 2.1 billion | + 5% |
A Historic Dividend Payout & Corporate Legacy
Following these stellar financial results, OGDCL declared a historic payout for its shareholders. The company announced an interim cash dividend of PKR 5 per share (50%) for the quarter ended September 30, 2026. This stands as the highest ever dividend declared by the company for the first quarter.
Historically, OGDCL carries a long legacy in Pakistan’s energy sector. The government originally established the Oil and Gas Development Corporation in 1961. Later, OGDCL was formally incorporated on October 23, 1997, under the Companies Ordinance, 1984. Today, the company continues to lead the exploration, development, production, and sale of oil and gas resources across the country.
