PSO Pakistan State Oil Company Limited
Latest results: FY2026 · Jun 2026
Last close · 16 Oct 2026
Rs 368.04 +1.08%
Quarterly · Q1 FY2022 – Q4 FY2026
Pakistan State Oil Company Limited (PSO) quarterly cash flow statement
Operating activities generated -Rs 69.9 bn of cash in Q4 FY2026 (Apr – Jun 2026), down 182.7% on Q4 FY2025. Capital expenditure was Rs 3.2 bn, leaving free cash flow of -Rs 73.1 bn. Dividends paid to shareholders came to Rs 3.7 mn. Overall, cash increased by Rs 9.7 bn.
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 79.1 | (23.4) | 69.0 | 10.4 | 23.0 | 12.7 | 9.8 | 15.0 | 9.4 | 8.3 | 2.5 | (11.7) | 49.1 | (0.7) | 26.5 | (1.0) | 5.2 | 59.8 | 53.6 | 29.7 | 17.5 |
| Depreciation & amortisation | 8.0 | 2.2 | 2.0 | 1.9 | 1.9 | 6.4 | 1.6 | 1.5 | 1.6 | 1.1 | 1.7 | 1.2 | 1.3 | 1.1 | 1.1 | 1.1 | 1.1 | 1.0 | 1.0 | 0.9 | 0.9 |
| Net cash from operating activities | (60.3) | (69.9) | (11.8) | 81.3 | (59.8) | 84.6 | (49.5) | 100.1 | 19.9 | (24.5) | 49.1 | (28.6) | 21.0 | (8.3) | (141.4) | (17.1) | (98.1) | 33.4 | 14.8 | (122.5) | 17.4 |
| Investing activities | |||||||||||||||||||||
| Capital expenditure | (11.9) | (3.2) | (3.2) | (3.0) | (2.4) | (3.8) | (1.9) | (1.9) | (1.3) | (2.3) | (3.3) | (2.7) | (1.1) | (0.3) | (2.2) | (1.9) | (1.3) | (1.4) | (0.9) | (1.1) | (0.5) |
| Net cash from investing activities | (11.7) | (3.1) | (3.2) | (3.0) | (2.4) | (0.9) | 11.4 | (17.9) | (1.3) | 9.4 | (2.9) | (14.9) | (1.1) | (0.2) | (2.2) | (1.9) | (1.3) | (1.4) | (0.9) | (1.1) | (0.4) |
| Financing activities | |||||||||||||||||||||
| Dividends paid | (4.6) | (0.0) | (0.0) | (4.6) | (0.0) | (0.0) | (0.0) | (5.1) | (0.0) | (0.0) | (0.1) | (3.3) | (0.0) | (0.0) | (0.0) | (4.6) | (0.0) | (0.0) | (0.0) | (4.6) | (0.1) |
| Borrowings raised / (repaid) | (11.2) | 82.7 | (70.4) | 15.7 | (39.2) | (14.5) | (19.3) | (10.4) | 1.8 | (7.2) | (18.1) | 46.3 | (49.8) | 56.4 | 115.0 | 25.6 | 74.8 | 13.4 | (2.7) | 66.8 | 34.8 |
| Net cash from financing activities | (15.8) | 82.7 | (70.4) | 11.1 | (39.2) | (14.5) | (19.3) | (15.4) | 1.8 | (7.2) | (18.2) | 43.4 | (49.8) | 56.4 | 115.0 | 21.0 | 74.8 | 13.4 | (2.8) | 62.3 | 34.7 |
| Net change in cash | (87.9) | 9.7 | (85.5) | 89.4 | (101.5) | 69.1 | (57.4) | 66.7 | 20.4 | (22.3) | 27.9 | (0.0) | (29.9) | 47.9 | (28.6) | 2.0 | (24.6) | 45.4 | 11.2 | (61.3) | 51.6 |
| Key figures | |||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (72.2) | (73.1) | (15.1) | 78.3 | (62.3) | 80.8 | (51.3) | 98.2 | 18.6 | (26.9) | 45.8 | (31.3) | 19.9 | (8.6) | (143.6) | (19.1) | (99.4) | 32.0 | 13.9 | (123.6) | 17.0 |
| Rs mn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 | Q4 FY2023 Apr – Jun 2023 | Q3 FY2023 Jan – Mar 2023 | Q2 FY2023 Oct – Dec 2022 | Q1 FY2023 Jul – Sep 2022 | Q4 FY2022 Apr – Jun 2022 | Q3 FY2022 Jan – Mar 2022 | Q2 FY2022 Oct – Dec 2021 | Q1 FY2022 Jul – Sep 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | -283.4% | +606.8% | -30.4% | +145.5% | +53.7% | +295.5% | — | -80.9% | — | -90.7% | — | +849.1% | -101.2% | -50.6% | -103.4% | -70.4% | +242.5% | +301.2% | +369.4% | +122.5% |
| Depreciation & amortisation | -65.4% | +26.3% | +24.8% | +20.4% | +485.7% | -2.6% | +20.6% | +21.1% | +4.1% | +48.3% | +9.3% | +15.0% | +0.9% | +16.1% | +24.5% | +25.8% | +19.6% | +2.0% | +6.3% | +12.8% |
| Net cash from operating activities | -182.7% | — | -18.8% | -401.1% | — | -200.8% | — | -5.3% | — | — | — | — | -124.9% | -1,053.0% | — | -663.0% | -19.3% | — | — | -23.2% |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | -16.3% | +72.5% | +57.7% | +87.1% | +62.4% | -42.6% | -30.5% | +16.6% | +740.3% | +47.3% | +42.1% | -12.4% | -80.6% | +148.8% | +82.4% | +176.8% | -39.5% | -35.0% | -7.7% | -52.7% |
| Net cash from investing activities | — | -128.3% | — | — | -109.6% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | -20.5% | +98.8% | -9.0% | -16.3% | -8.0% | -95.7% | +51.5% | -66.1% | -50.1% | +1,276.2% | -27.3% | +5.1% | +355.9% | -81.6% | +0.6% | -94.6% | -99.4% | -97.5% | +121,815.8% | +1,614.5% |
| Borrowings raised / (repaid) | — | — | — | -2,223.6% | — | — | -122.4% | — | -112.7% | -115.8% | +81.2% | -166.6% | +321.0% | — | -61.7% | +115.2% | — | -107.7% | +283.6% | — |
| Net cash from financing activities | — | — | — | -2,226.2% | — | — | -135.6% | — | -112.8% | -115.9% | +106.4% | -166.6% | +321.0% | — | -66.2% | +115.8% | — | -108.2% | +257.5% | — |
| Net change in cash | -86.0% | — | +34.0% | -596.8% | — | -305.3% | — | — | -146.5% | — | -100.8% | — | +5.4% | -355.2% | — | -147.6% | +2,928.9% | — | — | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -190.5% | — | -20.3% | -435.5% | — | -212.1% | — | -6.6% | — | — | — | — | -126.8% | -1,130.0% | — | -685.9% | -18.0% | — | — | -21.8% |
Change against the same quarter a year earlier; shown when the earlier figure is positive.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.
All reported line items 51
| Rs bn | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 | Q3 FY2024 Jan – Mar 2024 | Q2 FY2024 Oct – Dec 2023 | Q1 FY2024 Jul – Sep 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | (23.4) | 69.0 | 10.4 | 23.0 | 12.7 | 9.8 | 15.0 | 9.4 | 8.3 | 2.5 | (11.7) | 49.1 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 59.7 | 3.5 | 13.3 | 8.6 | 2.9 | 11.8 | 12.7 | 9.8 | 14.7 | 12.6 | 12.6 | 20.9 |
| Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile | (0.0) | 0.1 | 0.0 | 0.1 | 0.5 | (0.2) | (0.4) | (0.3) | (0.6) | (0.3) | (0.3) | (0.4) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 48.1 | (5.4) | 5.0 | 0.1 | (11.2) | 1.8 | 1.7 | (1.8) | 1.4 | (4.6) | (4.4) | 9.0 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 9.5 | 6.8 | 6.5 | 6.6 | 7.2 | 8.6 | 9.8 | 10.3 | 12.7 | 15.9 | 16.1 | 11.0 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 2.2 | 2.0 | 1.9 | 1.9 | 6.4 | 1.6 | 1.5 | 1.6 | 1.1 | 1.7 | 1.2 | 1.3 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 2.2 | 2.0 | 1.9 | 1.9 | 6.2 | 1.6 | 1.5 | 1.6 | 1.1 | 1.7 | 1.2 | 1.3 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | — | — | — | — | 0.2 | — | — | — | — | — | — | — |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 17.6 | 19.8 | 10.6 | 6.5 | 15.0 | 9.8 | 8.1 | 7.0 | 6.9 | 6.8 | 8.2 | 6.8 |
| Interest Paid - Cash | 8.2 | 4.8 | 6.3 | 6.7 | 8.2 | 9.7 | 9.7 | 11.4 | 17.6 | 15.7 | 10.0 | 20.0 |
| Interest & Dividends - Received - Total - Cash Flow | 0.2 | 0.3 | 0.5 | 0.9 | 0.5 | 0.3 | 0.2 | 1.8 | 0.3 | 1.0 | 1.2 | 1.0 |
| Cash Flow from Operating Activities before Changes in Working Capital | 10.8 | 48.2 | 7.3 | 19.3 | (7.0) | 2.4 | 10.0 | 2.6 | (1.3) | (6.4) | (16.2) | 44.1 |
| Working Capital - Increase/(Decrease) - Cash Flow | (80.7) | (60.0) | 74.0 | (79.2) | 91.6 | (51.9) | 90.0 | 17.3 | (23.2) | 55.4 | (12.4) | (23.1) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | 55.1 | (89.2) | 10.3 | 12.5 | 6.2 | 21.0 | (15.2) | 13.3 | 34.9 | 11.2 | (38.4) | (23.1) |
| Inventories - Decrease/(Increase) - Cash Flow | 94.2 | (124.9) | (22.7) | (15.2) | 2.6 | 14.3 | 5.1 | 26.2 | 10.0 | 36.7 | 62.7 | (100.8) |
| Other Assets - Decrease/(Increase) - Cash Flow | (3.5) | (0.3) | 0.6 | (0.1) | 4.1 | (2.3) | (2.8) | 2.8 | (3.5) | 0.6 | 1.6 | (2.1) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (226.6) | 154.3 | 85.9 | (76.3) | 78.7 | (85.0) | 103.0 | (25.0) | (64.6) | 6.9 | (38.3) | 102.9 |
| Net Cash Flow from Operating Activities | (69.9) | (11.8) | 81.3 | (59.8) | 84.6 | (49.5) | 100.1 | 19.9 | (24.5) | 49.1 | (28.6) | 21.0 |
| Capital Expenditures - Net - Cash Flow | 3.1 | 3.2 | 3.0 | 2.4 | 3.7 | 1.8 | 1.9 | 1.3 | 2.3 | 3.3 | 2.7 | 1.1 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 3.1 | 3.2 | 3.0 | 2.4 | 3.7 | 1.8 | 1.9 | 1.3 | 2.3 | 3.3 | 2.7 | 1.1 |
| Property, Plant & Equipment - Purchased - Cash Flow | 3.2 | 3.2 | 3.0 | 2.4 | 3.8 | 1.9 | 1.9 | 1.3 | 2.3 | 3.3 | 2.7 | 1.1 |
| Property, Plant & Equipment Sold - Cash Flow | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 3.2 | 3.2 | 3.0 | 2.4 | 3.8 | 1.9 | 1.9 | 1.3 | 2.3 | 3.3 | 2.7 | 1.1 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | 0.1 | (0.0) | (0.0) | — | 2.8 | 13.2 | (16.0) | — | 11.7 | 0.4 | (12.1) | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | 0.1 | (0.0) | (0.0) | — | 2.8 | 13.2 | (16.0) | — | 11.7 | 0.4 | (12.1) | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | 0.0 | 0.0 | — | — | — | 16.0 | — | — | — | 12.1 | — |
| Net Cash Flow from Investing Activities | (3.1) | (3.2) | (3.0) | (2.4) | (0.9) | 11.4 | (17.9) | (1.3) | 9.4 | (2.9) | (14.9) | (1.1) |
| Dividends Paid - Cash - Total - Cash Flow | 0.0 | 0.0 | 4.6 | 0.0 | 0.0 | 0.0 | 5.1 | 0.0 | 0.0 | 0.1 | 3.3 | 0.0 |
| Dividends - Common - Cash Paid | 0.0 | 0.0 | 4.6 | 0.0 | 0.0 | 0.0 | 5.1 | 0.0 | 0.0 | 0.1 | 3.3 | 0.0 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 82.7 | (70.4) | 15.7 | (39.2) | (14.5) | (19.3) | (10.4) | 1.8 | (7.2) | (18.1) | 46.3 | (49.8) |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | 83.3 | (66.6) | 17.1 | (38.6) | (15.1) | (18.5) | (10.0) | (3.6) | (6.6) | (17.7) | 46.3 | (49.6) |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (0.7) | (3.8) | (1.4) | (0.6) | 0.6 | (0.9) | (0.4) | 5.4 | (0.5) | (0.4) | 0.0 | (0.3) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (1.4) | (1.1) | (0.9) | (0.6) | (0.6) | (0.9) | (0.4) | (0.6) | (0.5) | (0.4) | — | (1.3) |
| Debt - Issued - Long-Term - Cash Flow | 3.2 | — | — | — | 2.7 | — | — | 6.0 | — | — | — | 1.0 |
| Debt - Reduced - Long-Term - Cash Flow | 3.9 | 3.8 | 1.4 | 0.6 | 2.1 | 0.9 | 0.4 | 0.6 | 0.5 | 0.4 | — | 1.3 |
| Lease liabilities - Reduced - Cash flow represents cash outflow due to the repayment of lease liability/debt of the company. It includes finance leases, capitalized lease, and hire-purchase agreement. Applicable to all industries. If Lease liability issue | 1.4 | 1.1 | 0.9 | 0.6 | 0.6 | 0.9 | 0.4 | 0.6 | 0.5 | 0.4 | — | 1.3 |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | — | — | — | — | — | — | — | — | 0.4 | — |
| Net Cash Flow from Financing Activities | 82.7 | (70.4) | 11.1 | (39.2) | (14.5) | (19.3) | (15.4) | 1.8 | (7.2) | (18.2) | 43.4 | (49.8) |
| Net Change in Cash - Total | 9.7 | (85.5) | 89.4 | (101.5) | 69.1 | (57.4) | 66.7 | 20.4 | (22.3) | 27.9 | (0.0) | (29.9) |
| Net Cash from Continuing Operations | 9.7 | (85.5) | 89.4 | (101.5) | 69.1 | (57.4) | 66.7 | 20.4 | (22.3) | 27.9 | (0.0) | (29.9) |
| Net Cash - Beginning Balance | 9.4 | 94.8 | 5.4 | 106.9 | 37.8 | 95.2 | 28.4 | 8.0 | 30.3 | 2.3 | 2.3 | 32.3 |
| Net Cash - Ending Balance | 19.0 | 9.4 | 94.8 | 5.4 | 106.9 | 37.8 | 95.2 | 28.4 | 8.0 | 30.3 | 2.3 | 2.3 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 17.6 | 19.8 | 10.6 | 6.5 | 15.0 | 9.8 | 8.1 | 7.0 | 6.9 | 6.8 | 8.2 | 6.8 |
| Interest Paid - Cash Flow - Supplemental | 8.2 | 4.8 | 6.3 | 6.7 | 8.2 | 9.7 | 9.7 | 11.4 | 17.6 | 15.7 | 10.0 | 20.0 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 0.2 | 0.3 | 0.5 | 0.9 | 0.5 | 0.3 | 0.2 | 1.8 | 0.3 | 1.0 | 1.2 | 1.0 |
| CF from Optg Activities before Change in WC & Int Payments | 19.0 | 53.0 | 13.6 | 26.0 | 1.2 | 12.2 | 19.8 | 14.0 | 16.3 | 9.3 | (6.2) | 64.1 |
| Depreciation, Depletion & Amortization - Cash Flow | 2.2 | 2.0 | 1.9 | 1.9 | 6.4 | 1.6 | 1.5 | 1.6 | 1.1 | 1.7 | 1.2 | 1.3 |
| Free Cash Flow to Equity | 9.6 | (85.4) | 94.0 | (101.5) | 66.4 | (70.6) | 87.8 | 20.4 | (34.0) | 27.7 | 15.1 | (29.9) |
| Free Cash Flow Net of Dividends | (73.1) | (15.1) | 73.7 | (62.3) | 80.8 | (51.4) | 93.1 | 18.6 | (26.9) | 45.7 | (34.6) | 19.9 |
| Free Cash Flow | (73.1) | (15.1) | 78.3 | (62.3) | 80.8 | (51.3) | 98.2 | 18.6 | (26.9) | 45.8 | (31.3) | 19.9 |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.