Today, Oil and Gas Development Company Limited filed its latest financial reports with the Pakistan Stock Exchange, revealing a consolidated net profit of PKR 58.5 billion for the quarter ended September 30, 2026. Pakistan's largest exploration and production firm stated this represents a roughly 53% jump from the PKR 38.3 billion profit posted during the same period last year.
Strong Revenue and Earnings Growth
Strong revenue gains drove the higher profitability, with OGDCL bringing in PKR 132.4 billion for the quarter. This represents a 38% increase compared to PKR 96.2 billion in the corresponding period of the previous year. Gross profit climbed 48% to reach PKR 83.1 billion, up from PKR 56.3 billion a year prior.
Earnings per share rose to PKR 13.60 from PKR 8.91 in the same quarter last year. Pre-tax profit reached PKR 88 billion, showing an increase from PKR 62 billion last year.
Financial Breakdown for Q1 2026
Operational costs saw various adjustments, as exploration and prospecting expenses climbed to PKR 4.8 billion, marking a nearly 55% rise from PKR 3.1 billion in the previous year. General and administration expenses moved up slightly to PKR 2.2 billion from PKR 2.1 billion.
Meanwhile, finance costs dropped to PKR 1.16 billion from PKR 1.22 billion. Finance and other income grew to PKR 13.8 billion from PKR 12.2 billion, while the share of profit from associates increased to PKR 3.94 billion from PKR 3.17 billion.
Historic Dividend Payout and Background
OGDCL declared an interim cash dividend of PKR 5 per share, representing 50% for the quarter ended September 30, 2026. This marks the highest first-quarter dividend the company has ever declared.
The government initially set up the Oil and Gas Development Corporation in 1961, and OGDCL was later incorporated on October 23, 1997, under the Companies Ordinance, 1984. The firm leads the exploration, development, production, and sale of oil and gas resources throughout the country.
