Pakistan Oilfields (POL): 1QFY25 Result Review — Muted Earnings On Back of Exploration Loss – By AKD Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Pakistan Oilfields Ltd (POL) reported its 1QFY25 earnings earlier today, wherein the company posted Profit after Tax (PAT) of PkR2.57bn (EPS: PkR9.0) for the quarter, reflecting a sharp decline of 74%YoY. The sharp decline in bottom-line was led by one-off cost associated with a dry well in Chakwal region incurred during the quarter.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net Revenues witnessed a decline of 7%YoY to end at ~PkR15.4bn during the quarter, primary attributable to lower oil prices (down 10%YoY), coupled with reduced crude output (down 6%YoY), as per the PPIS.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">However, major dent in...