Karachi, October 27, 2026: Pakistan Petroleum Limited’s (PPL) 75th Annual General Meeting was held at a local hotel in Karachi attended by a large number of shareholders who approved the financial statements for the fiscal year ended June 30, 2026, along with the auditors and the directors report. A final cash dividend of 60% on ordinary shares was also approved, bringing the total dividend for the year to 120%.
Thank you for reading this post, don't forget to subscribe!Chairman, PPL Board of Directors, Mr. Shahid Khan expressed his gratitude to the shareholders for their continued trust and support. He reiterated the new board’s commitment to provide strategic direction for PPL’s continuous progress and profitability and value creation for its shareholders.
MD & CEO PPL, Mr. Mohammad Khalid Abdul Rehman highlighted the company’s remarkable performance in 2025-26. He noted that despite geopolitical uncertainty, volatile energy markets, gas curtailment, declining mature fields, security challenges and mounting circular debt, PPL demonstrated resilience, maintaining focus on operational efficiency and financial discipline to achieve key milestone.
PPL made a profit-after tax of ~ Rs. 99 billion and recorded highest-ever collections of Rs. 284 billion. With strong collections, the Board also increased the dividend payout for the year, he added.
PPL drilled seven exploration and four development wells during the year. The average production remained 649 MMscfde, around 3% higher than the previous year, despite gas curtailment. PPL made 11 discoveries—two in operated and nine in partner-operated assets, adding 242 BCFe to 2P reserves.
PPL secured eight offshore blocks, two as operator and six as partner, following successful participation in Pakistan’s Offshore Bidding Round 2025. MD PPL highlighted that farm-out agreement with Turkish Petroleum Overseas Company for Eastern Offshore Indus Block C further strengthened Pakistan-Türkiye energy cooperation. With this, PPL continued with development activities at Offshore Block 5 in Abu Dhabi through our operated Pakistan International Oil Limited.
As part of diversification efforts, PPL is expanding into minerals and evaluating opportunities across the broader energy value chain. Establishment of PPL Minerals as a dedicated business unit reinforces PPL’s commitment to unlocking Pakistan’s mineral potential, he added. The BLZ project has entered the execution phase, while mineral exploration footprint has expanded in Chagai and opportunities evaluated in Khyber Pakhtunkhwa.
As a leading national E&P company, responsible business practices remain central to PPL’s long-term strategy with continued focus on governance, climate risks, environmental stewardship and community development. To this end, PPL’s second ESG report has been published. PPL continues to carry out long-term, need-based CSR projects in education, healthcare, skills development, supply of potable water and infrastructure development with a highest-ever input of Rs. 8.3 billion in 2025-26.
Safety is at the heart of PPL’s E&P operations with zero Tier-1 Process Safety Events and no major environmental spills during the year.
Looking ahead, MD PPL stressed that PPL aims to strengthen core hydrocarbon business while expanding into minerals with adapting innovation, advancing ESG priorities and maintaining prudent financial management to build a more resilient and diversified PPL.
