@ogdclofficial today reported a profit after tax of Rs 58.5 billion for the quarter ended September 30, 2026, an increase of 53% over the corresponding quarter last year. The Board of Directors, at its meeting in Islamabad, approved the financial results and declared a first interim cash dividend of Rs 5.00 per share (50%), the highest first-quarter dividend in the Company’s history, up from Rs 3.50 per share a year earlier.
Net sales revenue rose 38% to Rs 132.4 billion from Rs 96.2 billion in the corresponding quarter, and profit after tax increased to Rs 58.5 billion from Rs 38.3 billion, lifting earnings per share to Rs 13.60 from Rs 8.91. The improvement was driven by higher production volumes and stronger realized prices, partly offset by continued forced production curtailments and the appreciation of the rupee against the US dollar.
Collections against billings stood at 100% for the quarter. OGDC contributed Rs 82 billion to the national exchequer through taxes, dividends, royalties and levies, and its indigenous oil and gas production saved the country an estimated US$ 1.32 billion in foreign exchange through import substitution.
Commenting on the results, Mr. Zafar Masud, Chairman of the Board, said: “This was a quarter of delivery: double-digit growth in oil, gas and LPG production, collections at 100% of billings, and a record first-quarter dividend for our shareholders. The Board’s decision reflects confidence in the Company’s cash generation, while preserving its capacity to invest in compression, water injection and new drilling to sustain production and to pursue new frontiers in unconventional gas, geothermal energy and critical minerals.”
Production grew in all three streams. Average daily net saleable production rose 13.3% to 35,494 barrels of crude oil, 14.2% to 732 MMcf of natural gas and 10.5% to 696 tons of LPG, compared with 31,315 barrels, 641 MMcf and 630 tons, respectively, in the corresponding quarter last year.
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