PSO Pakistan State Oil Company Limited
Latest results: FY2026 · Jun 2026
Last close · 16 Oct 2026
Rs 368.04 +1.08%
Annual · FY2007 – FY2026
Pakistan State Oil Company Limited (PSO) cash flow statement
Operating activities generated -Rs 60.3 bn of cash in FY2026 (Jul 2025 – Jun 2026), down 138.9% on FY2025, -76% of the starting profit. Capital expenditure was Rs 11.9 bn, leaving free cash flow of -Rs 72.2 bn. Dividends paid to shareholders came to Rs 4.6 bn. Overall, cash decreased by Rs 87.9 bn.
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 * Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 | FY2016 Jul 2015 – Jun 2016 | FY2015 Jul 2014 – Jun 2015 | FY2014 Jul 2013 – Jun 2014 | FY2013 Jul 2012 – Jun 2013 | FY2012 Jul 2011 – Jun 2012 | FY2011 Jul 2010 – Jun 2011 | FY2010 * Jul 2009 – Jun 2010 | FY2009 * Jul 2008 – Jun 2009 | FY2008 Jul 2007 – Jun 2008 | FY2007 Jul 2006 – Jun 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | 79.1 | 46.9 | 48.2 | 29.9 | 160.6 | 45.0 | (13.1) | 22.0 | 27.2 | 29.3 | 16.3 | 12.0 | 33.0 | 19.2 | 13.7 | 18.0 | 18.0 | (11.4) | 21.4 | 7.1 |
| Depreciation & amortisation | 8.0 | 6.4 | 5.3 | 4.4 | 3.8 | 3.5 | 3.7 | 2.8 | 1.1 | 1.1 | 1.0 | 1.0 | 1.1 | 1.2 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.1 |
| Net cash from operating activities | (60.3) | 155.1 | 17.0 | (264.9) | (56.9) | 14.1 | 51.9 | (15.6) | 5.3 | (22.7) | 4.4 | (23.9) | (56.7) | 80.1 | (20.4) | (8.0) | 5.6 | (4.2) | 4.5 | 4.6 |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | (11.9) | (8.9) | (9.5) | (5.7) | (3.8) | (5.9) | (4.4) | (2.7) | (1.5) | (1.4) | (1.3) | (1.5) | (1.4) | (0.9) | (0.9) | (0.9) | (0.6) | (0.7) | (0.6) | (1.6) |
| Net cash from investing activities | (11.7) | (8.7) | (9.4) | (5.5) | (3.7) | (5.8) | (4.4) | (3.5) | 42.5 | (1.4) | (1.3) | (2.2) | (1.4) | (46.7) | (0.9) | (0.8) | (0.6) | (0.7) | (0.6) | (1.6) |
| Financing activities | ||||||||||||||||||||
| Dividends paid | (4.6) | (5.1) | (3.5) | (4.6) | (4.7) | (2.2) | (2.4) | (5.4) | (6.6) | (3.0) | (2.7) | (2.0) | (1.6) | (1.2) | (0.6) | (2.2) | (0.5) | (3.0) | (4.4) | (4.8) |
| Borrowings raised / (repaid) | (11.2) | (42.4) | (28.4) | 271.7 | 112.3 | (13.9) | (28.7) | 10.4 | (7.6) | 15.8 | 8.9 | (20.7) | 65.3 | (10.5) | 23.3 | (0.1) | (1.4) | 3.5 | (5.3) | 3.2 |
| Net cash from financing activities | (15.8) | (47.5) | (31.9) | 267.1 | 107.6 | (15.1) | (31.1) | 5.0 | (14.2) | 12.8 | 6.2 | (22.6) | 63.7 | (11.7) | 22.7 | (2.3) | (1.9) | 0.5 | (9.7) | (1.6) |
| Net change in cash | (87.9) | 98.9 | (24.3) | (3.3) | 47.0 | (6.8) | 16.4 | (13.1) | 33.6 | (11.2) | 9.3 | (48.7) | 5.6 | 21.6 | 1.4 | (11.1) | 3.1 | (4.3) | (5.8) | 1.4 |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | (72.2) | 146.2 | 7.5 | (270.6) | (60.7) | 8.3 | 47.5 | (18.4) | 3.9 | (24.1) | 3.1 | (25.4) | (58.1) | 79.2 | (21.3) | (8.9) | 5.0 | (4.9) | 3.9 | 3.0 |
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 * Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 | FY2016 Jul 2015 – Jun 2016 | FY2015 Jul 2014 – Jun 2015 | FY2014 Jul 2013 – Jun 2014 | FY2013 Jul 2012 – Jun 2013 | FY2012 Jul 2011 – Jun 2012 | FY2011 Jul 2010 – Jun 2011 | FY2010 * Jul 2009 – Jun 2010 | FY2009 * Jul 2008 – Jun 2009 | FY2008 Jul 2007 – Jun 2008 | FY2007 Jul 2006 – Jun 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||||||||||
| Profit (cash-flow starting line, as reported) | +68.9% | -2.7% | +60.9% | -81.4% | +256.8% | — | -159.5% | -19.1% | -7.5% | +80.2% | +35.4% | -63.5% | +71.6% | +40.5% | -23.9% | +0.1% | — | -153.1% | +200.2% | — |
| Depreciation & amortisation | +24.1% | +22.1% | +19.4% | +16.2% | +10.0% | -5.7% | +30.3% | +161.6% | +2.0% | +2.6% | +2.4% | -5.1% | -9.1% | +1.5% | +0.3% | -3.7% | -1.0% | +2.4% | +2.3% | — |
| Net cash from operating activities | -138.9% | +814.1% | — | — | -502.0% | -72.7% | — | -392.6% | — | -619.3% | — | — | -170.8% | — | — | -243.1% | — | -192.3% | -1.2% | — |
| Investing activities | ||||||||||||||||||||
| Capital expenditure | +33.6% | -6.2% | +65.9% | +48.6% | -34.4% | +33.4% | +61.1% | +86.9% | +5.3% | +6.6% | -12.6% | +5.6% | +63.7% | -3.7% | +3.6% | +54.3% | -19.5% | +11.9% | -61.5% | — |
| Net cash from investing activities | — | — | — | — | — | — | — | -108.3% | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing activities | ||||||||||||||||||||
| Dividends paid | -8.9% | +46.3% | -24.9% | -2.3% | +114.6% | -10.1% | -54.8% | -18.7% | +125.3% | +8.6% | +38.3% | +23.8% | +28.8% | +107.4% | -72.7% | +320.6% | -82.5% | -32.4% | -8.8% | — |
| Borrowings raised / (repaid) | — | — | -110.4% | +142.0% | — | — | -376.6% | — | -148.1% | +76.6% | — | -131.6% | — | -144.9% | — | — | -141.1% | — | -266.2% | — |
| Net cash from financing activities | — | — | -111.9% | +148.3% | — | — | -727.1% | — | -211.1% | +106.4% | — | -135.5% | — | -151.4% | — | — | -479.9% | — | — | — |
| Net change in cash | -188.8% | — | — | -107.0% | — | -141.4% | — | -139.0% | — | -220.6% | — | -970.3% | -74.1% | +1,429.4% | — | -458.6% | — | — | -507.1% | — |
| Key figures | ||||||||||||||||||||
| Free cash flow (operating cash flow − capex) | -149.4% | +1,849.8% | — | — | -832.5% | -82.6% | — | -572.5% | — | -884.4% | — | — | -173.3% | — | — | -276.1% | — | -224.8% | +31.6% | — |
Change against the previous fiscal year; shown when the earlier figure is positive.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.
All reported line items 55
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 79.1 | 46.9 | 48.2 | 29.9 | 160.6 | 45.0 | (13.1) | 22.0 | 27.2 | 29.3 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 85.2 | 37.2 | 60.8 | 50.0 | 14.7 | 15.3 | 18.2 | 1.5 | 1.2 | 1.7 |
| Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile | 0.1 | (0.3) | (1.6) | 0.9 | (0.7) | (0.6) | (0.5) | (0.2) | (0.4) | (0.6) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 47.8 | (4.7) | 1.4 | 1.8 | 6.2 | 1.3 | 0.0 | (7.8) | (4.0) | 0.1 |
| Financial Income/(Expense) - Cash Flow - to Reconcile | 29.4 | 35.9 | 55.8 | 43.1 | 5.6 | 11.2 | 15.1 | 9.7 | 4.6 | 1.2 |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 8.0 | 6.4 | 5.3 | 4.4 | 3.8 | 3.5 | 3.7 | 2.8 | 1.1 | 1.1 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 7.6 | 6.2 | 5.1 | 4.3 | 3.7 | 3.4 | 3.6 | 2.8 | 1.1 | 1.0 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 0.4 | 0.2 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (0.1) | (0.1) | (0.1) | (0.2) | (0.1) | (0.0) | (0.0) | (2.8) | (0.1) | (0.0) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | — | — | — | — | — | — | 0.0 | (0.1) | — | — |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 54.5 | 39.8 | 28.8 | 35.2 | 48.1 | 9.6 | 6.9 | 8.6 | 10.6 | 13.6 |
| Interest Paid - Cash | 25.5 | 38.3 | 60.9 | 30.5 | 4.4 | 5.0 | 6.8 | 9.3 | 5.2 | 5.2 |
| Interest & Dividends - Received - Total - Cash Flow | 1.3 | 2.2 | 1.1 | 0.6 | 1.1 | 0.4 | 0.3 | 0.3 | 2.8 | 5.3 |
| Cash Flow from Operating Activities before Changes in Working Capital | 85.6 | 8.1 | 20.3 | 14.7 | 123.9 | 46.2 | (8.2) | 5.9 | 15.3 | 17.6 |
| Working Capital - Increase/(Decrease) - Cash Flow | (145.9) | 147.0 | (3.3) | (279.6) | (180.8) | (32.0) | 60.1 | (21.6) | (10.0) | (40.3) |
| Accounts Receivables - Decrease/(Increase) - Cash Flow | (11.3) | 25.3 | (15.4) | (126.2) | (253.9) | (23.0) | 59.1 | 6.6 | (42.5) | (31.1) |
| Inventories - Decrease/(Increase) - Cash Flow | (68.6) | 48.2 | 8.5 | 35.0 | (273.6) | (24.6) | 33.5 | (5.1) | (15.3) | (15.5) |
| Other Assets - Decrease/(Increase) - Cash Flow | (3.3) | 1.8 | (3.3) | (0.8) | (0.3) | 2.3 | 0.3 | 0.0 | 2.5 | (2.9) |
| Accounts Payable and Accrued Expenses - Increase/(Decrease) - Cash Flow | (62.7) | 71.7 | 6.9 | (187.5) | 346.9 | 13.2 | (32.9) | (23.1) | 45.5 | 9.3 |
| Net Cash Flow from Operating Activities | (60.3) | 155.1 | 17.0 | (264.9) | (56.9) | 14.1 | 51.9 | (15.6) | 5.3 | (22.7) |
| Capital Expenditures - Net - Cash Flow | 11.7 | 8.7 | 9.4 | 5.5 | 3.7 | 5.8 | 4.4 | 2.7 | 1.4 | 1.4 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 11.7 | 8.7 | 9.4 | 5.5 | 3.7 | 5.8 | 4.3 | 2.6 | 1.4 | 1.3 |
| Property, Plant & Equipment - Purchased - Cash Flow | 11.9 | 8.9 | 9.5 | 5.7 | 3.8 | 5.9 | 4.3 | 2.7 | 1.5 | 1.4 |
| Property, Plant & Equipment Sold - Cash Flow | 0.1 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | — | — | — | — | — | — | 0.1 | 0.0 | 0.0 | 0.0 |
| Intangible Assets - Purchased/Acquired - Cash Flow | — | — | — | — | — | — | 0.1 | 0.0 | 0.0 | 0.0 |
| Capital Expenditures - Total | 11.9 | 8.9 | 9.5 | 5.7 | 3.8 | 5.9 | 4.4 | 2.7 | 1.5 | 1.4 |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | — | — | — | — | — | — | 0.0 | (0.8) | 43.8 | — |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | — | — | — | — | — | — | 0.0 | (0.8) | 43.8 | — |
| Investment Securities - Purchased - Unclassified - Cash Flow | — | — | — | — | — | — | 0.0 | 0.8 | — | — |
| Net Cash Flow from Investing Activities | (11.7) | (8.7) | (9.4) | (5.5) | (3.7) | (5.8) | (4.4) | (3.5) | 42.5 | (1.4) |
| Dividends Paid - Cash - Total - Cash Flow | 4.6 | 5.1 | 3.5 | 4.6 | 4.7 | 2.2 | 2.4 | 5.4 | 6.6 | 3.0 |
| Dividends - Common - Cash Paid | 4.6 | 5.1 | 3.5 | 4.6 | 4.7 | 2.2 | 2.4 | 5.4 | 6.6 | 3.0 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | (11.2) | (42.4) | (28.4) | 271.7 | 112.3 | (13.9) | (28.7) | 10.4 | (7.6) | 15.8 |
| Debt - Issued/(Reduced) - Short-Term - Total - Cash Flow | (4.7) | (47.0) | (27.6) | 272.6 | 116.3 | (12.9) | (27.3) | 10.8 | (7.6) | 15.8 |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (6.5) | 4.7 | (0.8) | (0.9) | (4.1) | (1.0) | (1.4) | (0.4) | — | — |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (4.0) | (2.5) | (1.8) | (1.6) | (1.0) | (0.9) | (1.1) | — | — | — |
| Debt - Issued - Long-Term - Cash Flow | — | 8.7 | 1.0 | 0.8 | — | 0.1 | — | — | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 6.5 | 4.0 | 1.8 | 1.7 | 4.1 | 1.1 | 1.4 | 0.4 | — | — |
| 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 | 4.0 | 2.5 | 1.8 | 1.6 | 1.0 | 0.9 | 1.1 | — | — | — |
| Other Financing Cash Flow - Increase/(Decrease) | — | — | — | — | 0.0 | 1.0 | 0.0 | — | — | — |
| Net Cash Flow from Financing Activities | (15.8) | (47.5) | (31.9) | 267.1 | 107.6 | (15.1) | (31.1) | 5.0 | (14.2) | 12.8 |
| Non-Classified Cash Flows | — | — | — | — | — | — | 0.0 | 1.1 | — | — |
| Net Change in Cash - Total | (87.9) | 98.9 | (24.3) | (3.3) | 47.0 | (6.8) | 16.4 | (13.1) | 33.6 | (11.2) |
| Net Cash from Continuing Operations | (87.9) | 98.9 | (24.3) | (3.3) | 47.0 | (6.8) | 16.4 | (14.2) | 33.6 | (11.2) |
| Net Cash - Beginning Balance | 106.9 | 8.0 | 32.3 | 35.6 | (11.4) | (4.6) | (21.0) | (7.9) | (41.5) | (30.3) |
| Net Cash - Ending Balance | 19.0 | 106.9 | 8.0 | 32.3 | 35.6 | (11.4) | (4.6) | (21.0) | (7.9) | (41.5) |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 54.5 | 39.8 | 28.8 | 35.2 | 48.1 | 9.6 | 6.9 | 8.6 | 10.6 | 13.6 |
| Interest Paid - Cash Flow - Supplemental | 25.5 | 38.3 | 60.9 | 30.5 | 4.4 | 5.0 | 6.8 | 9.3 | 5.2 | 5.2 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 1.3 | 2.2 | 1.1 | 0.6 | 1.1 | 0.4 | 0.3 | 0.3 | 2.8 | 5.3 |
| CF from Optg Activities before Change in WC & Int Payments | 111.1 | 46.4 | 81.2 | 45.2 | 128.3 | 51.2 | (1.4) | 15.2 | 20.5 | 22.8 |
| Depreciation, Depletion & Amortization - Cash Flow | 8.0 | 6.4 | 5.3 | 4.4 | 3.8 | 3.5 | 3.7 | 2.8 | 1.1 | 1.1 |
| Free Cash Flow to Equity | (83.3) | 104.0 | (20.8) | 1.3 | 51.7 | (5.6) | 18.9 | (8.0) | (3.6) | (8.3) |
| Free Cash Flow Net of Dividends | (76.8) | 141.1 | 4.0 | (275.2) | (65.4) | 6.1 | 45.1 | (23.8) | (2.8) | (27.0) |
| Free Cash Flow | (72.2) | 146.2 | 7.5 | (270.6) | (60.7) | 8.3 | 47.5 | (18.4) | 3.9 | (24.1) |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.