Karachi April 28 2025: Oil & Gas Development Company Limited, the largest Exploration and Production company in Pakistan, expected to announce cash payout of PKR 21.5 billion in the third quarter, according to research report published by AHL.
“Oil & Gas Development Company Limited (OGDC) is expected to announce its financial results for 9MFY25 tomorrow, where AHL research project earnings of PKR 129,501mn (EPS: PKR 30.11), depicting a decline of 24% YoY” states the research report.
“The decrease in earnings is anticipated due to i) a 4% and 8% YoY reduction in oil and gas production, respectively, ii) a 10% YoY decline in oil prices, and iii) depreciation of the USD against the PKR” research report.
In third quarter, AHL estimate net profit to clock in at PKR 47,044mn (EPS: PKR 10.94) in 3QFY25, compared to PKR 47,239mn (EPS: PKR 11.12) in 3QFY24, showcasing a dip of 2% YoY. This decline in profitability is primarily attributed to a 4% and 13% YoY reduction in oil and gas production, respectively, coupled with a 6% YoY fall in oil prices. The exploration costs are projected to contract by 13% YoY, reaching PKR 3,024mn in 3QFY25 amid lower costs associated with the dry well (Chak 202-2) incurred during the quarter.
Despite earning decline, AHL research expect the company to announce a cash dividend of PKR 5.00/share, bringing the total dividend for 9MFY25 to PKR 12.05/share.
Company receivable build up trend reversed as receivables collection rate improved reaching 115% during the first half, states company half year financial report.
