{"id":11109,"date":"2025-08-11T14:31:02","date_gmt":"2025-08-11T09:31:02","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=11109"},"modified":"2025-08-11T14:31:04","modified_gmt":"2025-08-11T09:31:04","slug":"apl-q4fy25-result-review-margins-give-a-boost-despite-lower-profits","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/apl-q4fy25-result-review-margins-give-a-boost-despite-lower-profits\/","title":{"rendered":"APL Q4FY25 Result Review, Margins Give a Boost Despite Lower Profits"},"content":{"rendered":"\n<p><strong>Attock Petroleum Limited (<a href=\"https:\/\/ksestocks.com\/blog\/tag\/apl\/\" data-type=\"post_tag\" data-id=\"168\" target=\"_blank\" rel=\"noreferrer noopener\">APL<\/a>) <\/strong>has posted its results for the fourth quarter of FY25, and while profits are down compared to last year, the company still managed to beat expectations. The secret? Slightly higher gross margins, which helped cushion the impact of weaker sales prices.<\/p>\n\n\n\n<p>Here\u2019s the breakdown:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Quarterly profit<\/strong> stood at <strong>PKR 2.7bn<\/strong> (EPS: PKR 21.7), down <strong>11% YoY<\/strong>. For the full year, profits came in at <strong>PKR 10.4bn<\/strong> (EPS: PKR 83.5), a <strong>25% drop YoY<\/strong>.<\/li>\n\n\n\n<li>The company announced a <strong>final dividend<\/strong> of <strong>PKR 13\/share<\/strong>, taking the full-year payout to <strong>PKR 25.5\/share<\/strong>, slightly lower than last year\u2019s PKR 27.5.<\/li>\n\n\n\n<li><strong>Sales<\/strong> for the quarter were <strong>PKR 127.4bn<\/strong>, down <strong>3% YoY<\/strong>, as lower fuel prices outweighed a <strong>7% increase in volumes<\/strong>.<\/li>\n\n\n\n<li>APL\u2019s <strong>market share<\/strong> for FY25 was <strong>8.8%<\/strong>, down from 9.9% in FY24.<\/li>\n\n\n\n<li><strong>Gross margins<\/strong> rose to <strong>4.3%<\/strong> (vs. 3.1% last year) due to lower inventory losses, which helped earnings hold up.<\/li>\n\n\n\n<li><strong>Finance income<\/strong> fell sharply to PKR 1.6bn (down 47% YoY) because of lower investment returns, even though cash and short-term investments climbed to PKR 42bn (+44% YoY).<\/li>\n\n\n\n<li><strong>Finance costs<\/strong> rose 18% YoY to PKR 535mn, while operating expenses stayed flat.<\/li>\n\n\n\n<li>The company\u2019s effective tax rate was <strong>41.1%<\/strong> for the quarter.<\/li>\n<\/ul>\n\n\n\n<p><strong>Bottom line:<\/strong> While earnings are under pressure from weaker prices and lower investment income, APL\u2019s improved margins and steady volumes helped it beat forecasts. With a <em>Buy<\/em> call and a Dec\u201925 target price of PKR 825\/share, the company remains on analysts\u2019 radar, especially with a 6% dividend yield expected in FY26.<\/p>\n\n\n\n<p><strong>Source: AKD Securities <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attock Petroleum Limited (APL) has posted its results for the fourth quarter of FY25, and while profits are down compared to last year, the company still managed to beat expectations. The secret? Slightly higher gross margins, which helped cushion the impact of weaker sales prices.<\/p>\n","protected":false},"author":11,"featured_media":6442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[154,138],"tags":[168],"class_list":["post-11109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-financials","tag-apl"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/APL-STOCK-PSX-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/APL-STOCK-PSX-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/APL-STOCK-PSX-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/11\/APL-STOCK-PSX.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=11109"}],"version-history":[{"count":1,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11109\/revisions"}],"predecessor-version":[{"id":11110,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/11109\/revisions\/11110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/6442"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=11109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=11109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=11109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}