Financials Pakistan Petroleum Limited

Equities

End-of-day quote Pakistan S.E. Other stock markets 2025-11-17			5-day change	1st Jan Change
194.60 ^PKR	+0.80%		+4.52%	-4.40%

Oct. 31	Pakistan awards first offshore oil exploration blocks for decades	RE
Oct. 31	Pakistan awards 23 offshore blocks for petroleum exploration	RE

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Net sales ¹	149,279	203,811	288,053	291,241	244,977	269,100
Change	-	36.53%	41.33%	1.11%	-15.89%	9.85%
EBITDA	-	119,366	-	-	-	-
Change	-	-	-	-	-	-
EBIT	71,856	102,538	165,519	165,055	-	-
Change	-	42.7%	61.42%	-0.28%	-	-
Interest Paid	-1,147	-1,297	-1,552	-1,649	-2,483	-
Earnings before Tax (EBT) ¹	68,438	98,937	164,912	160,279	136,868	150,300
Change	-	44.56%	66.68%	-2.81%	-14.61%	9.81%
Net income ¹	52,283	54,353	97,222	115,477	89,949	91,400
Change	-	3.96%	78.87%	18.78%	-22.11%	1.61%
Announcement Date	9/17/21	9/20/22	9/19/23	9/20/24	9/19/25	-

¹PKR in Million

Estimates

Fiscal Period: June	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q4
Net sales	36,494	36,906	36,561	43,596	46,823	51,090	62,301	72,820	65,377	76,919	72,936	78,011	73,007	75,506	64,717	66,786	61,289	-
Change	-	1.13%	-0.94%	19.24%	7.4%	9.11%	21.94%	16.88%	-10.22%	17.65%	-5.18%	6.96%	-6.41%	3.42%	-14.29%	3.2%	-8.23%	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT	15,658	-	-	-	-	-	-	-	34,305	47,082	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	37.25%	-	-	-	-	-	-	-	-
Charge d'intérêts	-299.1	-281.5	-262	-296	-312	-324.3	-365.1	-	-382.6	-	-	-	-	-	-	-561.3	-645.3	-
Earnings before Tax (EBT)	15,359	16,771	17,115	23,166	21,614	-	-	-	32,261	50,454	-	-	-	-	-	37,869	37,008	-
Change	-	9.19%	2.05%	35.36%	-6.7%	-	-	-	-	56.39%	-	-	-	-	-	-	-2.27%	-
Net income ¹	11,780	12,014	14,164	16,860	14,279	-	-	26,330	22,169	32,849	15,874	29,761	40,028	27,837	17,851	22,697	27,258	18,098
Change	-	1.98%	17.9%	19.03%	-15.31%	-	-	-	-15.8%	48.18%	-51.68%	87.48%	34.5%	-30.45%	-35.87%	27.14%	20.1%	-33.6%
Announcement Date	2/26/21	4/29/21	9/17/21	10/25/21	2/25/22	4/27/22	9/20/22	10/27/22	2/27/23	4/27/23	9/19/23	10/30/23	2/26/24	4/29/24	9/20/24	10/29/24	2/28/25	9/19/25

¹PKR in Million

Estimates

Fiscal Period: June	2022 S1	2023 S1	2023 S2	2024 S1	2025 S1
Net sales ¹	90,419	138,197	149,856	151,017	128,075
Change	-	52.84%	8.44%	0.78%	-15.19%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT	-	-	-	-	-
Change	-	-	-	-	-
Charge d'intérêts ¹	-608	-735.2	-	-	-1,207
Earnings before Tax (EBT) ¹	44,780	77,848	-	-	74,876
Change	-	73.85%	-	-	-
Net income ¹	31,139	48,499	48,723	-	49,954
Change	-	55.75%	0.46%	-	-
Announcement Date	2/25/22	2/27/23	9/19/23	2/26/24	2/28/25

¹PKR in Million

Estimates

Fiscal Period: June	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	-	-73,627	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Announcement Date	9/17/21	9/20/22	9/19/23	9/20/24	9/19/25	-	-	-

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025
CAPEX ¹	33,051	14,191	22,967	18,143	26,850	33,047
Change	-	-57.06%	61.84%	-21%	47.99%	23.08%
Free Cash Flow (FCF) ¹	-25,019	30,138	3,824	-513.8	39,739	-20,849
Change	-	220.46%	-87.31%	-113.44%	7,834.49%	-152.47%
Announcement Date	10/2/20	10/4/21	10/5/22	9/19/23	10/4/24	10/6/25

¹PKR in Million

Estimates

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	-	58.57%	-	-	-	-
EBIT Margin (%)	-	48.14%	50.31%	57.46%	56.67%	-	-
EBT Margin (%)	-	45.85%	48.54%	57.25%	55.03%	55.87%	55.85%
Net margin (%)	-	35.02%	26.67%	33.75%	39.65%	36.72%	33.97%
FCF margin (%)	-	26.29%	9.22%	-2.17%	18.86%	-4.38%	-
FCF / Net Income (%)	-	75.07%	34.58%	-6.42%	47.57%	-11.94%	-
Profitability
ROA	-	-	9.32%	-	-	-	-
ROE	-	14.28%	13.2%	19.93%	19.55%	13.37%	12%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	11.27%	-	-	-	-
CAPEX / EBITDA (%)	-	-	19.24%	-	-	-	-
CAPEX / FCF (%)	-	-	122.2%	-	-	-	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Dividend per Share ¹	-	3.5	2	2.5	5	7.5	11.5
Change	-	-	-42.86%	25%	100%	50%	53.33%
Book Value Per Share ¹	-	142.9	159.8	-	-	259.1	284.1
Change	-	-	11.77%	-	-	-	9.65%
EPS ¹	-	19.21	19.98	35.73	42.44	33.06	33.46
Change	-	-	4.01%	78.83%	18.78%	-22.1%	1.23%
Nbr of stocks (in thousands)	-	2,720,972	2,720,972	2,720,972	2,720,973	2,720,973	2,720,973
Announcement Date	-	9/17/21	9/20/22	9/19/23	9/20/24	9/19/25	-