OGDC posts Rs 73.019bn profit in half year, declares record interim dividend

ISLAMABAD, (UrduPoint / Pakistan Point News - 23rd Feb, 2026) Oil & Gas Development Company Limited (OGDC) posted net sales revenue of Rs 192.830 billion and profit

after tax of Rs 73.019 billion, translating into earnings per share (EPS) of Rs 16.98, for the half year ended

December 31, 2025.

The board of Directors of OGDC, in its meeting held on Monday, announced the results for the period and

declared a second interim cash dividend of Rs 4.25 per share (42.50%), marking the highest-ever second

quarterly dividend in the company’s history.

This brings the cumulative interim dividend for the half year to Rs 7.75 per share, representing the highest-ever

half-year payout by the company.

The half-year results reflected the impact of forced production curtailments by SNGPL and UPL due to

system load constraints, along with a lower average crude oil basket price.

However, the impact was partly offset by higher realised gas prices and favourable exchange rate movements.

During the period, the company contributed Rs 120 billion to the national exchequer through corporate tax,

dividends, royalties, and other government levies.

Its oil and gas production also generated estimated foreign exchange savings of US$ 1.4 billion through

import substitution.

Average daily net saleable production during the half year stood at 31,848 barrels of crude oil, 626 million cubic

feet (MMcf) of natural gas, and 636 tons of LPG, compared with 31,477 barrels, 672 MMcf, and 629 tons,

respectively, in the corresponding period last year.

Production curtailments during the period adversely affected daily net output by 3,384 barrels of oil, 152 MMcf

of gas, and 51 tons of LPG.

Operationally, OGDC spudded five wells during the period, while sustained exploration efforts resulted in four

oil and gas discoveries, further strengthening the company’s resource base.

The company also secured petroleum exploration rights over eight offshore blocks in the October 2025 bidding

round.

On the development front, the Jhal Magsi Project was successfully commissioned and is currently producing

around 14 MMcfd of gas along with condensate, while the Dakhni Compression Project was completed ahead

of schedule. Other key compression projects are progressing as planned.

The impact on sales revenue, amounting to Rs 36.468 billion—primarily due to lower production volumes and reduced realised crude oil and LPG prices—was partially offset by higher realised gas prices and exchange rate movements. Collections improved significantly, with gas receivables collection reaching 156% and overall receivables collection standing at 125%, reversing the previous buildup trend.

As part of its sustainability agenda, OGDC continues to strengthen its Environmental, Social, and Governance (ESG) strategy by advancing climate-related disclosures and integrating ESG considerations across its operations and value chain.

The Board appreciated the management’s continued focus on operational performance, financial discipline, and shareholder returns, which enabled the declaration of the highest-ever second-quarter and half-year dividend while maintaining OGDC’s leadership position in Pakistan’s exploration and production sector.