POL

⚡ Flash Summary

Pakistan Oilfields Limited (POL) reported its financial results for the three months ended September 30, 2025. The company declared no interim cash dividend, bonus shares, or right shares for the period. Net sales decreased to Rs 13,112.687 million from Rs 15,450.673 million in the same period last year. The profit for the period increased to Rs 5,428.935 million, representing an EPS of Rs 19.13, compared to a profit of Rs 2,568.760 million and an EPS of Rs 9.05 in the corresponding period of the previous year.

📌 Key Takeaways

• 📉 **No Dividend:** No interim cash dividend declared for the quarter ended September 30, 2025.
• 📉 **Bonus Shares:** The board did not recommend the issuance of bonus shares.
• 📉 **Right Shares:** No right shares were recommended for issuance.
• 📉 **Net Sales Decline:** Net sales decreased by 15.13% from Rs 15,450.673 million to Rs 13,112.687 million year-over-year.
• ⬆️ **Gross Profit Improvement:** Gross profit increased from Rs 10,077.726 million to Rs 8,513.521 million.
• ⬆️ **Profit Before Tax Increase:** Profit before income tax significantly increased from Rs 4,700.367 million to Rs 8,117.986 million.
• ⬆️ **Profit for the Period Growth:** Profit for the period increased substantially from Rs 2,568.760 million to Rs 5,428.935 million.
• ⬆️ **EPS Surge:** Earnings per share increased significantly from Rs 9.05 to Rs 19.13.
• 💰 **Cash and Cash Equivalents Increase:** Cash and cash equivalents increased to Rs 112,362.644 million as of September 30, 2025.
• ⚠️ **Exploration Costs Reduction:** Exploration costs decreased dramatically from Rs 7,735.350 million to Rs 1,126.414 million.
• ⚠️ **Finance Costs Reduction:** Finance costs decreased from Rs 939.326 million to Rs 528.859 million.
• 🔍 **Other Income Decline:** Other income decreased from Rs 3,746.216 million to Rs 1,857.535 million.

🎯 Investment Thesis

Given the mixed financial performance, a HOLD recommendation is appropriate for POL. While the increase in profitability and EPS is positive, the decline in revenue raises concerns. Further analysis is needed to understand the underlying drivers of the revenue decline and to assess the company’s long-term growth prospects. A price target of Rs. 350, based on a P/E ratio of 18x and FY26 EPS estimate of Rs. 19.13, with a time horizon of 12 months, seems justified. This assumes that POL can stabilize its revenue and sustain its profitability improvements.

⚡ Flash Summary

POL announced: Transmission of Quarterly Report for the Period Ended 30-09-2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• POL made announcement: Transmission of Quarterly Report for the Period Ended 30-09-2025
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for POL. Manual verification required.

⚡ Flash Summary

On October 17, 2025, Mr. Mehboob ur Rehman, Executive Finance, executed a transaction to buy 1,700 shares of Pakistan Oilfields Limited (POL) at a rate of 650.26 per share. The cumulative shareholding after this transaction amounts to 2,976 shares. This disclosure is made under PSX Regulation 5.6.4 and will be presented at the subsequent board meeting. The holding period for these shares is over six months, and any profit will be deposited with the SECP as per Section 105 of the Securities Act, 2015.

📌 Key Takeaways

• 👨‍💼 Mr. Mehboob ur Rehman (Executive Finance) bought shares.
• 📈 Transaction involved buying 1,700 shares.
• 💰 Rate per share: 650.26.
• 📅 Transaction date: October 17, 2025.
• 📊 Cumulative shareholding after the transaction: 2,976 shares.
• 📜 Disclosure under PSX Regulation 5.6.4.
• 🏢 Transaction will be discussed in the next board meeting.
• ⏳ Holding period is greater than six months.
• 🏦 Profit equivalent will be deposited with SECP.
• 🏛️ Compliant with Section 105 of Securities Act, 2015.
• ✅ Transaction executed in the ‘Ready’ market.
• 📄 Form of share certificate: CDC.
• 💼 The company is Pakistan Oilfields Limited (POL).

🎯 Investment Thesis

Based on this announcement alone, a HOLD recommendation is appropriate. The insider purchase provides a slightly positive signal, but the limited scope means it is not sufficient to justify a BUY rating. The investment decision should be based on a comprehensive analysis of POL’s financials, industry outlook, and broader market conditions. Further information is needed to revise the recommendation to BUY or SELL.

⚡ Flash Summary

Pakistan Oilfields Limited (POL) has announced that its Board of Directors will meet on October 28, 2025, to consider the 1st Quarter Financial Statements for the period ending September 30, 2025. In compliance with regulatory requirements, the company has declared a “Closed Period” from October 21, 2025, to October 28, 2025. During this period, directors, the CEO, and executives are prohibited from trading in the shares of POL, Attock Petroleum Limited, and National Refinery Limited. This announcement ensures transparency and adherence to PSX Rule Book guidelines regarding insider trading.

📌 Key Takeaways

• 📅 Board meeting scheduled for October 28, 2025, to review Q1 financial results.
• 💼 Meeting will take place at POL House, Morgah, Rawalpindi at 12:30 pm.
• 📊 The Board will consider the 1st Quarter Financial Statements for the period ended September 30, 2025.
• 🔒 A “Closed Period” is declared from October 21, 2025, to October 28, 2025.
• 🚫 Directors, CEO, and executives are restricted from trading POL shares during the closed period.
• 📜 Restriction is in accordance with clause 5.6.4 of the PSX Rule Book.
• 🔗 The trading restriction also applies to shares of Attock Petroleum Limited.
• 🏭 The trading restriction extends to shares of National Refinery Limited.
• 📢 TRE Certificate Holders of the exchange are to be informed accordingly.
• 🏢 The announcement is addressed to the General Manager of the Pakistan Stock Exchange Limited.
• 🇵🇰 Securities & Exchange Commission of Pakistan (SECP) is notified via CC.
• 📍 SECP Enforcement Director and Surveillance/HOD are also notified.
• ✉️ Company’s email address is polcms@pakoil.com.pk
• 🌐 Company’s website is www.pakoil.com.pk

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The announcement itself does not provide sufficient financial information to make a buy or sell decision. The focus on compliance is a positive sign, but a more informed decision requires analyzing the Q1 financial results when they become available.

⚡ Flash Summary

On October 14, 2025, Pakistan Oilfields Limited (POL) disclosed a transaction by Mr. Mehboob ur Rehman, Executive Finance, involving the purchase of 500 shares. The shares were bought on October 13, 2025, at a rate of 686.19 per share. Following this transaction, Mr. Rehman’s cumulative shareholding in POL increased to 1276 shares. The company confirms that this transaction will be presented in the subsequent board meeting for consideration, as required by PSX Regulations.

📌 Key Takeaways

• 💼 Insider Transaction: Mr. Mehboob ur Rehman, Executive Finance, executed a share purchase.
• 🗓️ Transaction Date: The purchase occurred on October 13, 2025.
• ⬆️ Share Purchase: 500 shares of Pakistan Oilfields Limited were bought.
• 💰 Purchase Rate: The shares were acquired at a rate of PKR 686.19 per share.
• 📊 Cumulative Holding: Post-transaction, Mr. Rehman holds 1276 shares.
• 📜 Regulatory Compliance: The transaction adheres to PSX Regulation 5.6.4.
• 🏢 Board Review: The transaction will be presented in the next board meeting.
• ⏳ Holding Period: The holding period for the shares is over six months, aligning with regulatory requirements.
• ✅ SECP Intimation: In case the holding period is within six months, profits will be deposited with SECP under Section 105 of the Securities Act, 2015.
• ✉️ Disclosure Subject: This announcement pertains to the disclosure of interest by relevant persons holding company shares.

🎯 Investment Thesis

HOLD. The announcement of an insider share purchase is not a sufficient catalyst to change the investment recommendation. More comprehensive financial information is needed to make a sound investment decision. The insider buying could be a positive signal, but it is not definitive. The price target is maintained, pending further financial data.