Pakistan Petroleum Limited (PSX: PPL) has announced a record Rs. 12 per share dividend for fiscal year 2026 after reporting a strong increase in annual earnings.
According to a review by Arif Habib Limited (AHL), PPL’s annual profit rose 7% year-on-year to Rs. 98.53 billion in FY2026. The growth was supported by higher oil prices, increased hydrocarbon production and the reversal of super tax following a judgment by the Federal Constitutional Court of Pakistan.
The company announced a Rs. 6 per share interim cash dividend for the fourth quarter of FY26, taking its total dividend payout for the year to a record Rs. 12 per share.
PPL’s fourth-quarter profit surged 93% year-on-year and 80% quarter-on-quarter to Rs. 37.38 billion, translating into earnings per share of Rs. 13.74.
The company’s quarterly sales increased 64% year-on-year to Rs. 84.9 billion, mainly due to higher oil prices and increased production. Full-year sales reached Rs. 264 billion.
Among its major gas fields, Kandhkot production increased 18.6% year-on-year, while Nashpa output surged 80%. Mari production, however, declined 4.3%.
Oil production also improved, with Nashpa output rising 32.1% year-on-year. Production from the TAL Block increased 28% to 12,687 barrels per day, partly offsetting lower crude output caused by supply disruptions.
PPL’s recovery ratio stood at 86% during the fourth quarter, resulting in trade receivables of Rs. 623.4 billion, compared with Rs. 611.6 billion in the previous quarter.
Meanwhile, PPL increased its investment in the Reko Diq project by Rs. 7.5 billion in June 2026, compared with Rs. 2.6 billion a year earlier. Its total investment in the project reached Rs. 28.6 billion in FY26, up from Rs. 12.7 billion in FY25.
The strong financial performance and record dividend highlight PPL’s improved earnings position despite challenges in collections and production across some fields.
