Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest oil and gas producers, has reported a major rise in profit for the financial year ended June 30, 2026. The company posted a profit after tax of Rs242.37 billion, up 42.7% from around Rs169.9 billion recorded in the previous year.
OGDCL’s revenue also increased during the year. Revenue from contracts with customers reached Rs449.19 billion, compared with Rs401.18 billion a year earlier, showing a growth of about 12%. Its earnings per share rose to Rs56.35 from Rs39.50.
A major reason behind the higher profit was a sharp fall in the company’s tax expense. OGDCL’s taxation charge dropped by nearly 85% to Rs16.76 billion from Rs109.41 billion in FY2025. At the same time, the company’s gross profit increased to Rs246.76 billion.
The company’s board has also recommended a final cash dividend of Rs6 per share. This comes after Rs11 per share in interim dividends, taking the total proposed dividend for the year to Rs17 per share.
