PPL 4QFY25 Result Preview, What to Expect?

Pakistan Petroleum Limited (PPL) is expected to report a mixed set of numbers for the fourth quarter of FY25. While the company will still post a solid profit, weaker oil and gas prices have taken a toll on revenues and earnings compared to last year.

Earnings and dividends

For the quarter, PPL’s earnings per share (EPS) are expected at PKR 7.4, translating into a profit of about PKR 20 billion. This is down 52% year-on-year (YoY) and down 8% quarter-on-quarter (QoQ).
The company is also expected to announce a final cash dividend of PKR 2.5 per share, bringing the total payout for FY25 to PKR 7.5 per share.

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Why the drop in earnings?

The biggest reason is a sharp 43% YoY fall in net sales, expected at PKR 56 billion this quarter. This decline is due to:

• Lower international crude oil and natural gas prices.
• Reduced production because of forced curtailments.

On the cost side, royalties and other levies are likely to fall 42% YoY, while exploration expenses may drop 21% QoQ due to lower drilling activity.

Other income helps

Despite the revenue hit, PPL will still benefit from strong other income, expected at PKR 4.3 billion, mainly from finance income. Lower interest rates did reduce returns slightly, but the income remains healthy.

Full-year picture

For the full FY25, PPL is projected to earn PKR 93 billion (EPS: PKR 34.1), which is 19% lower than last year.

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PPL’s upcoming results will show how sensitive oil and gas companies are to global price swings. Strong dividends keep it attractive for income-focused investors, but earnings pressure could remain if energy prices stay weak.

Source: Taurus Securities Limited

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →