The Oil Marketing Company (OMC) sector posted a 130 percent year-on-year (YoY) increase in earnings during the first nine months of the fiscal year 2026 (9MFY26), reaching Rs. 52.9 billion compared to Rs. 22.9 billion during the same period last year.
This immense growth was primarily driven by higher inventory gains, notably in the third quarter (3QFY26) when fuel rates were criminally hiked, alongside high average prices and a significant reduction in finance costs.
According to the 9MFY26 sector results summary shared by Arif Habib Limited, the sector’s overall gross profit soared by 86 percent YoY to Rs. 161.3 billion, elevating gross margins to 6.2 percent.
This profitability jump occurred despite a slight 3 percent YoY decline in net revenue, which settled at Rs. 2.61 trillion. Furthermore, the sector’s finance costs dropped prominently by 35 percent YoY to Rs. 20 billion, which heavily supported the bottom line.
Among the individual KSE-100 companies driving these metrics, Pakistan State Oil (PSO) reported an impressive 149.6 percent YoY surge in its profit after taxation to Rs. 38.1 billion.
Attock Petroleum Limited (APL) also witnessed strong growth, with its net earnings rising by 91.8 percent YoY to Rs. 14.7 billion.