PSO -Pakistan State Oil

OVERVIEW
An in-depth look inside Pakistan’s leading energy company, fueling the nation’s roads, rails, and skies with the largest reach and network.

PSO caters to POL requirements of a broad spectrum of customers comprising Pakistan's retail, Gaseous, Industrial, Aviation, Marine & Export sectors.

Lubricants

PSO is a market leader in innovation, pioneering the introduction of premium-quality lubricants featuring cutting-edge technologies such as Opticore Technology, Oxidation Resistance Technology, Active Intelligence AI Formula, 3D Protect Technology, and P3+ Technology. These advancements ensure that our customers experience the highest level of product performance. We provide solutions ranging from automotive lubricants to driveline fluids to metal working fluids to industrial lubricants.

Fueling Experience

Improving our customers' fueling experience via various benefits and features, including Convenience Stores (Shop Stop), Car Wash, Oil Change, ATMs, etc.

Heavy Vehicle

PSO is a pioneer in introducing latest technologies of diesel engine oils with PSO DEO Max being the first ever API CK-4 and fully synthetic diesel engine oil in Pakistan. Our diesel engine oils cater to the requirements of fleet, stationary, off-road and quarry vehicles operating in a range of terrains and environmental conditions.

Analysis of Financial Position

• Shareholders' equity increased by 8.21% compared to last year, primarily driven by rising retained earnings. This growth enhances the Company's financial stability and capacity to fund future expansion.

• Non-current assets increased by 19.53% compared to last year, primarily due to strategic investments in operating assets, subsidiaries, and an increase in the fair value of long-term investment (PAPCO). These initiatives underscore the Company's commitment to long-term growth, diversification, and value enhancement, positioning it for sustained growth and improved financial performance in the future.

• Current assets increased by 3.46% compared to last year, primarily driven by short-term investments, reflecting strategic deployment of surplus funds. Additionally, improved efficiency in receivables management contributed to enhanced recoveries and cash flows, strengthening the Company’s liquidity position and supporting overall working capital efficiency.

• Current liabilities increased by 2.75% compared to last year, primarily due to higher accounts payable, reflecting the Company’s strategic approach to managing working capital. By optimizing payables alongside minimizing short-term borrowings and using shorter-tenure financing, the Company is enhancing its financial flexibility and reducing interest expenses.

• Non-current liabilities increased by 31.88% compared to last year, primarily driven by higher lease liabilities as a result of addition in new sites and an increase in retirement benefit obligations as determined through actuarial valuations.