Pakistan State Oil Company Limited

Company Overview

Pakistan State Oil Company Limited (PSO), traded on the Pakistan Stock Exchange under the symbol PSO, is a major oil marketing company in Pakistan. Incorporated in 1976, its principal activities include procuring, storing and marketing petroleum and related products. The company also blends and markets lubricating oils.

PSO supplies fuel to retail customers and serves industrial, aviation, marine and other market segments through its distribution and storage infrastructure.

Official sources: PSX company profile | PSO official website

Business Model

PSO earns revenue mainly through the procurement and sale of petroleum products. Its business performance depends on fuel sales volumes, product margins, inventory management, international oil prices, exchange-rate movements, financing costs and regulatory policies.

Because petroleum marketing typically operates on high sales volumes but relatively narrow margins, revenue alone does not show the full financial picture. Profitability, working capital, operating cash flow and receivables are important measures to review.

FY2026 Financial Performance

PSO announced its financial results for the year ended June 30, 2026, on September 25, 2026.

Financial indicator	FY2026	FY2025
Standalone sales	Rs3,050.03 billion	Rs3,149.39 billion
Standalone profit after tax	Rs15.07 billion	Rs20.91 billion
Standalone earnings per share (EPS)	Rs32.10	Rs44.54
Consolidated gross revenue	Rs3.42 trillion	—
PSO’s share in consolidated group profit after tax	Rs25.49 billion	—

The figures above distinguish PSO’s standalone results from the consolidated group figures reported by the company. Standalone sales and profit after tax declined in FY2026 compared with FY2025, while the company reported stronger consolidated group performance.

PSO also reported gross profit of Rs99.9 billion, compared with Rs96.7 billion in FY2025. Excluding LNG, gross profit increased by 20.5%, from Rs67.9 billion to Rs81.9 billion.

Sources: PSO FY2026 results announcement | Official PSX financial data

Dividend Information

PSO’s official investor-relations page lists a dividend payment of Rs10 per share, with book closure scheduled from October 21 to October 28, 2026. Investors should consult the relevant official dividend announcement to confirm the precise entitlement conditions and payment details.

The company’s investor-relations page also lists a total declared dividend of 100% for FY2026. This percentage should be interpreted using the company’s stated share denomination and dividend announcement, rather than as a percentage return on the current market price.

Past dividends do not guarantee future payments.

Source: PSO official financial and dividend information

Shariah Screening Status

Current classification: Verify before publishing.

Do not label PSO Shariah-compliant or non-compliant without checking the latest applicable PSX Shariah-screening list and its review date. A company’s sector or business description alone is not enough to determine its screening status.

Investors who follow Shariah-compliant investing should review the applicable financial ratios, non-compliant income and investment measures, and any official screening guidance.

Source: PSX stock screener | PSX Islamic indices and screening information

Key Risks to Research

• Low-margin business: Large sales volumes do not necessarily translate into high net profit margins.
• Receivables and circular debt: Delayed payments from customers can put pressure on working capital and cash flow.
• Oil-price and exchange-rate exposure: Changes in international prices and currency rates can affect procurement costs, inventory valuation and margins.
• Financing costs: Working-capital requirements can increase borrowing costs.
• Regulatory risk: Government policies, petroleum pricing arrangements, taxes and energy-sector reforms may affect profitability.
• Operational risk: Supply-chain interruptions, inventory management and distribution challenges may affect performance.
• PSX risk warning: The official PSX profile accessed on October 15, 2026, displayed a Risk Warning Alert referring to continuous violations under Clauses 5.11.1 or 5.11.2 and the risk of suspension of trading or delisting. This should be checked against the latest PSX notices and company disclosures. The alert alone does not establish that trading has been suspended or that delisting has occurred.

Source: PSO official PSX profile and notices

Investor Research Checklist

Before researching PSO, review:

1. The latest annual and quarterly financial statements.
2. Sales, gross profit, net profit and EPS trends.
3. Operating cash flow and working-capital requirements.
4. Receivables, especially exposure to delayed payments and circular debt.
5. Inventory management and financing costs.
6. Official dividend announcements and entitlement dates.
7. Current PSX notices and the latest Shariah-screening classification.

Frequently Asked Questions

What does PSO do?

PSO procures, stores and markets petroleum products and related items, including lubricants, across Pakistan.

What is the PSX symbol for Pakistan State Oil?

The company trades on the Pakistan Stock Exchange under the symbol PSO.

Is PSO Shariah-compliant?

Its current classification should be confirmed from the latest official PSX screening list. Do not rely on an outdated list or the company’s business sector alone.

Disclaimer

This profile is for financial education and research. It is not a personal investment recommendation or a guarantee of returns. Financial figures, dividends, PSX risk notices and Shariah-screening status should be checked against the latest official documents before publication or use.