OGDCL Earnings Slip in First Half of FY26 as Revenue Weakens
Oil and Gas Development Company Limited has reported a decline in profit for the first six months of fiscal year 2025 to 26, reflecting pressure on sales and margins.
The company earned Rs73.02 billion during the period ended December 31, 2025, compared to Rs82.46 billion in the same period last year. This shows a drop of around 11 percent.
Revenue also moved downward. Net sales stood at Rs192.83 billion, lower than Rs206.42 billion recorded a year earlier. Market analysts link the decline to reduced production levels and softer international oil prices. Higher exploration and operating expenses also weighed on the company’s overall performance.
Even with lower earnings, the company announced a strong payout for shareholders. The board approved an interim cash dividend of Rs4.25 per share for the latest quarter, taking the total half year dividend to Rs7.75 per share. This is the highest half year dividend in the company’s history, supported by improved cash flow and better recovery of receivables.
OGDCL plays a major role in Pakistan’s energy supply, contributing a significant share of the country’s oil and gas output. Industry experts say that energy firms are facing a challenging environment due to price swings in global markets and domestic supply constraints.
| Indicator | 1HFY26 | 1HFY25 | Change |
|---|---|---|---|
| Net Profit | Rs73.02 billion | Rs82.46 billion | -11% |
| Net Sales | Rs192.83 billion | Rs206.42 billion | -7% |
| EPS | Rs16.98 | Rs19.17 | Decline |
| Dividend per Share | Rs7.75 | Lower last year | Record high |