OGDCL profit jumps 53% to Rs 58.5 billion in July to September; Rs 5 a share dividend

Oil and Gas Development Company (OGDCL) made a consolidated profit of Rs 58.5 billion in the quarter ended 30 September 2026, up from Rs 38.3 billion a year earlier, a rise of almost 53%, according to results the company filed with the Pakistan Stock Exchange on Friday and reported by Business Recorder. Earnings per share rose to Rs 13.60 from Rs 8.91.

The board also declared an interim cash dividend of Rs 5 a share (50%), which Business Recorder describes as the highest the company has ever paid for a first quarter.

The numbers

Higher revenue drove the jump, the company said. Finance and other income rose to Rs 13.8 billion from Rs 12.2 billion, and its share of profit from associates climbed to Rs 3.94 billion from Rs 3.17 billion. Costs rose more slowly: exploration and prospecting spending went up about 55% to Rs 4.8 billion, administration costs edged up to Rs 2.2 billion, and finance costs fell slightly to Rs 1.16 billion.

What it means for shareholders

A Rs 5 dividend on a Rs 13.60 quarterly profit means OGDCL is paying out a little over a third of what it earned. For a holder of 1,000 shares that is Rs 5,000 before tax. Cash dividends from listed companies carry withholding tax at source; check what is deducted from your payout with our income tax calculator and the rules for your filer status.

The results land in a week when the KSE-100 index has been drifting close to 167,000 points. Energy stocks such as OGDCL, PPL and Mari are among the heaviest weights in the index, so their quarterly results move the market as a whole.

About OGDCL

OGDCL is majority owned by the federal government and is Pakistan's largest oil and gas exploration and production company. It grew out of the Oil and Gas Development Corporation set up in 1961 and was incorporated as a company in October 1997. The quarterly accounts did not include production figures; those are usually set out in the company's full report to shareholders.