KSE 100 -476.0

146,529.3 (-0.3%)

KMI 30 -973.4

208,067.0 (-0.5%)

NRL

Refinery

National Refinery Limited

Current Price

244.46

Change

-10.48

% Change

-4.11%

Day High

255.98

/

Day Low

241.10

Volume

1.19mn

Standardized
As Reported

Income Statement

In Million

	1Q2024	2Q2024	3Q2024	1Q2025	2Q2025	3Q2025	Trend
Net Sales	73,828.45	81,723.64	81,029.11	66,975.81	74,856.03	84,106.23
Cost of sales	-66,474.56	-91,321.30	-81,953.37	-73,273.06	-76,307.19	-84,299.15
Gross profit	7,353.89	-9,597.66	-924.25	-6,297.25	-1,451.16	-192.91
Selling & distribution expense	-100.52	-78.34	-99.79	-209.68	-120.89	-335.56
Administrative expense	-278.91	-308.36	-293.98	-279.50	-277.72	-245.36
Other operating income	76.01	57.16	106.95	105.79	231.92	71.11
Other expenses	-395.61	380.73	-6.12	-11.01	4.11	-7.75
Operating Profit	6,654.87	-9,546.45	-1,217.17	-6,691.63	-1,613.72	-710.45
Financial expenses	-1,465.66	-1,979.81	-2,599.72	-2,886.56	-2,592.90	-2,547.38
Profit before taxation	5,189.22	-11,526.26	-3,816.89	-9,578.19	-4,206.61	-3,257.83
Taxation	-1,986.53	3,670.42	947.25	2,341.60	-289.72	500.48
Profit after taxation	3,202.70	-7,855.84	-2,869.63	-7,236.59	-4,496.32	-2,757.34

Balance Sheet

In Million

	1Q2024	2Q2024	3Q2024	1Q2025	2Q2025	3Q2025	Trend
Share Capital	799.66	799.66	799.66	799.66	799.66	799.66
Shareholder Equity	37,801.38	29,945.54	27,075.92	11,979.97	7,483.65	4,726.31
Non Current Liabilities	709.17	724.69	753.25	720.88	15,720.78	15,750.04
Current Liabilities	80,376.01	85,112.54	91,356.51	86,388.58	86,715.20	83,226.32
Total Liabilities	81,085.19	85,837.24	92,109.77	87,109.46	102,435.99	98,976.36
Total Capital and Liabilities	118,886.57	115,782.78	119,185.69	99,089.43	109,919.64	103,702.68
Non Current Assets	31,371.19	34,878.04	35,618.94	37,469.06	37,040.37	38,415.14
Current Assets	87,515.37	80,904.74	83,566.74	61,620.37	72,879.26	65,287.53
Total Assets	118,886.57	115,782.78	119,185.69	99,089.43	109,919.64	103,702.68

Cash Flow

In Million

	1Q2024	2Q2024	3Q2024	1Q2025	2Q2025	3Q2025	Trend
Cash from Operation	7,696.76	-1,975.29	-2,610.97	7,836.05	-2,748.99	-5,022.04
Cash from Investing Activities	-598.38	-1,039.28	-1,161.17	-202.63	-581.49	-1,116.45
Cash from Financing	-0.12	-35.80	-36.20	-0.02	14,965.98	14,965.45
Net Change in Cash	7,098.27	-3,050.35	-3,808.33	7,633.41	11,635.51	8,826.96
Beginning Cash Balance	-36,899.24	-36,899.24	-36,899.24	-52,213.54	-52,213.54	-52,213.54
Ending Cash Balance	-29,800.96	-39,949.59	-40,707.56	-44,580.13	-40,578.02	-43,386.57

Income Statement

In Million

	Q3 - 2023	Q4 - 2023	Q1 - 2024	Q2 - 2024	Q3 - 2024	Q4 - 2024	Q1 - 2025	Q2 - 2025	Q3 - 2025	Q4 - 2025	Trend
Net Sales	72,156.01	66,778.61	73,828.45	81,723.64	81,029.11	72,260.61	66,975.81	74,856.03	84,106.23	81,724.77
Cost of Good Sold	64,307.74	61,532.32	66,474.56	91,321.29	81,953.36	76,860.60	73,273.05	76,307.18	84,299.14	80,017.70
Gross Profit / Loss	7,848.27	5,246.28	7,353.89	-9,597.66	-924.25	-4,599.99	-6,297.25	-1,451.16	-192.91	1,707.07
Other Operating Expenses	698.58	479.56	775.02	5.95	399.87	744.44	500.18	394.48	588.65	541.08
Other Income	64.88	239.89	76.01	57.16	106.95	107.26	105.79	231.92	71.11	153.31
Operating Profit / Loss	7,156.07	4,772.48	6,974.47	-9,984.35	-1,318.02	-5,269.94	-6,786.42	-1,849.76	-773.82	1,167.14
Financial Charges	7,809.80	2,236.68	1,465.65	1,979.80	2,599.71	3,264.87	2,886.55	2,592.89	2,547.37	2,304.34
Profit Before Taxation	-595.23	2,769.92	5,189.22	-11,526.26	-3,816.89	-8,502.04	-9,578.19	-4,206.61	-3,257.83	-985.05
Taxation	55.55	-1,209.11	-1,986.53	3,670.42	947.25	234.57	2,341.60	-289.72	500.48	608.35
Profit / Loss After Taxation	-539.67	1,560.82	3,202.70	-7,855.84	-2,869.63	-8,267.47	-7,236.59	-4,496.32	-2,757.34	-376.69
Basic Earning Per Share	-6.75	19.52	40.04	-98.24	-35.89	-103.39	-90.50	-56.23	-34.48	-4.70
Diluted Earning Per Share	-6.75	19.52	40.04	-98.24	-35.89	-103.39	-90.50	-56.23	-34.48	-4.70

Balance Sheet

In Million

	Q3 - 2023	Q4 - 2023	Q1 - 2024	Q2 - 2024	Q3 - 2024	Q4 - 2024	Q1 - 2025	Q2 - 2025	Q3 - 2025	Q4 - 2025	Trend
Share Capital	799.66	799.66	799.66	799.66	799.66	799.66	799.66	799.66	799.66	799.66
Shareholder Equity	32,595.95	34,598.67	37,801.38	29,945.54	27,075.92	19,216.55	11,979.97	7,483.65	4,726.31	50,316.38
Non Current Liabilities	872.97	736.08	709.17	724.69	753.25	691.62	720.88	15,720.78	15,750.04	12,118.87
Current Liabilities	73,291.78	76,445.15	80,376.01	85,112.54	91,356.51	83,264.15	86,388.58	86,715.20	83,226.32	87,060.36
Total Liabilities	74,164.76	77,181.23	81,085.19	85,837.24	92,109.77	83,955.78	87,109.46	102,435.99	98,976.36	99,179.24
Total Capital & Liabilities	106,760.71	111,779.91	118,886.57	115,782.78	119,185.69	103,172.33	99,089.43	109,919.64	103,702.68	149,495.62
Non Current Assets	34,188.49	32,991.42	31,371.19	34,878.04	35,618.94	35,313.66	37,469.06	37,040.37	38,415.14	84,541.28
Current Assets	72,572.21	78,788.49	87,515.37	80,904.74	83,566.74	67,858.67	61,620.37	72,879.26	65,287.53	64,954.33
Total Assets	106,760.71	111,779.91	118,886.57	115,782.78	119,185.69	103,172.33	99,089.43	109,919.64	103,702.68	149,495.62

Cash Flow

In Million

	Q3 - 2023	Q4 - 2023	Q1 - 2024	Q2 - 2024	Q3 - 2024	Q4 - 2024	Q1 - 2025	Q2 - 2025	Q3 - 2025	Q4 - 2025	Trend
Cash Flow From Operating Activities	-27,020.35	-17,190.23	7,696.76	-1,975.29	-2,610.97	-13,940.54	7,836.05	-2,748.99	-5,022.04	-6,207.13
Cash Flow From Investing Activities	-508.68	-584.42	-598.38	-1,039.28	-1,161.17	-1,337.48	-202.63	-581.49	-1,116.45	-1,603.86
Cash Flow From Financing Activities	-1,225.36	-1,225.63	-0.12	-35.80	-36.20	-36.30	-0.02	14,965.98	14,965.45	-6,275.36
Net Increase/(Decrease) in Cash and Cash Equivalents	-28,754.38	-19,000.27	7,098.27	-3,050.35	-3,808.33	-15,314.31	7,633.41	11,635.51	8,826.96	-14,086.33
Cash and Cash Equivalents at the Beginning of the Year	-17,898.97	-17,898.97	-36,899.24	-36,899.24	-36,899.24	-36,899.24	-52,213.54	-52,213.54	-52,213.54	-9,013.54
Cash and Cash Equivalents at the End of the Year	-46,653.35	-36,899.24	-29,800.96	-39,949.59	-40,707.56	-52,213.54	-44,580.13	-40,578.02	-43,386.57	-23,099.87