Oil and Gas Development Company Limited has reported a profit after tax of Rs58.51 billion for the first quarter of FY2026-27, up nearly 53% from Rs38.30 billion in the same period last year.
Pakistan’s largest listed oil and gas exploration company also reported strong revenue growth, higher earnings per share and its highest-ever first-quarter dividend.
OGDC Q1 FY27 Results
For the quarter ended September 30, 2026:
| Financial Metric | Q1 FY27 | Q1 FY26 |
|---|---|---|
| Revenue | Rs132.42bn | Rs96.19bn |
| Gross Profit | Rs83.07bn | Rs56.28bn |
| Profit Before Tax | Rs87.99bn | Rs61.98bn |
| Profit After Tax | Rs58.51bn | Rs38.30bn |
| EPS | Rs13.60 | Rs8.91 |
| Interim Dividend | Rs5/share | — |
Revenue increased by around 38% year-on-year, while net profit rose approximately 53%.
Revenue Rises to Rs132.4 Billion
OGDC’s revenue from contracts with customers increased from Rs96.19 billion to:
Rs132.42 billion
during the quarter.
The company benefited from stronger production and improved energy-sector pricing. The published market analysis says oil production increased around 13% while gas production rose 17% year-on-year.
Gross profit also climbed sharply to:
Rs83.07 billion
from Rs56.28 billion a year earlier.
OGDC EPS Reaches Rs13.60
Earnings per share increased to:
Rs13.60
compared with:
Rs8.91
during Q1 FY26.
The higher EPS reflects the strong increase in quarterly profitability.
Rs5 Per Share Dividend Announced
OGDC’s board declared an interim cash dividend of:
Rs5 per share
equivalent to:
50% of the face value of the share.
The company said this is the highest first-quarter dividend it has ever declared.
Shareholders whose names appear in the company’s register on November 10, 2026 will qualify for the payout.
OGDC’s share transfer books will remain closed from November 11 through November 12.
Cash and Short-Term Investments Reach Rs365.5 Billion
OGDC’s financial position has also strengthened considerably.
At September 30, the company reported:
Other financial assets: Rs325.82 billion
and
Cash and bank balances: Rs39.71 billion.
Together, these amount to approximately:
Rs365.53 billion.
Market analysis cited by ProPakistani described this as a record level of cash and short-term investments, compared with approximately Rs222 billion a year earlier.
It is therefore more accurate to describe the Rs365.5 billion figure as cash plus short-term financial investments, rather than cash alone.
Finance and Other Income Increases
OGDC reported:
Rs13.77 billion
in finance and other income during the quarter, compared with:
Rs12.18 billion
in Q1 FY26.
Income generated from the company’s growing investment and cash position provided additional support to earnings.
Exploration Spending Also Rises
Exploration and prospecting expenditure increased to:
Rs4.77 billion
from:
Rs3.08 billion
during the same quarter last year.
Despite the increase in exploration spending, stronger revenue and gross profit allowed overall earnings to grow substantially.
OGDC Generates Rs34.4 Billion Operating Cash Flow
The company generated:
Rs90.70 billion
in cash from operations before major payments.
After royalty, taxes, employee benefits and Workers’ Profit Participation Fund payments, net cash generated from operating activities stood at:
Rs34.39 billion
compared with only Rs3.71 billion during the corresponding quarter last year.
That represents a significant improvement in underlying operating cash generation.
Trade Receivables Remain High
OGDC continued to carry substantial trade receivables.
Trade debts stood at approximately:
Rs595.59 billion
at September 30, compared with Rs594.85 billion at the end of June 2026.
The size of energy-sector receivables remains an important consideration when evaluating the company’s financial position.
Investment in Energy Projects
During the quarter, OGDC also continued investing in strategic energy projects.
Market analysis cited an additional Rs5 billion investment connected with Reko Diq and PIOL, significantly higher than the amount invested during the corresponding period last year.
OGDC Q1 FY27 at a Glance
Profit after tax: Rs58.51 billion
Profit growth: ~53%
Revenue: Rs132.42 billion
Revenue growth: ~38%
EPS: Rs13.60
Dividend: Rs5 per share
Cash + short-term financial assets: Rs365.53 billion
Operating cash flow: Rs34.39 billion
