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    241209

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    241209

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    241209

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    of 3

    Our reference: PPL/CS/PSX-0187 Your reference: Date: 29th October 2024

    Mr. Syed Ahmad Abbas


    Chief Listing Officer
    Pakistan Stock Exchange Limited
    Stock Exchange Building
    Stock Exchange Road
    Karachi

    Dear Sir,

    Re: Financial Results for the Quarter Ended 30th September 2024

    The Board of Directors of the Company at its meeting held today has approved the
    unconsolidated and consolidated financial statements for the quarter ended 30th
    September 2024. The unconsolidated and consolidated interim statements of profit or
    loss for the period are enclosed.

    The Board of Directors approved an interim cash dividend of Rs. 2.00 per share (20%)
    on Ordinary Shares and Rs. 2.00 per share (20%) on Convertible Preference Shares,
    for the year ending 30th June 2025. The dividend will be paid to those members whose
    names appear in the register of members of the Company as at the close of business
    on 11th November 2024.

    The Share Transfer Books of the Company will remain closed from Tuesday, 12th
    November 2024 to Thursday, 14th November 2024 (both days inclusive). Those shares
    in respect of which transfer applications are received by the Share Registrar of the
    Company up to the close of business on 11th November 2024 shall be included in the
    distribution of dividend.

    We will submit the financial statements for the quarter ended 30th September 2024
    shortly.

    Yours truly,

    _____________
    Ali Jaffar
    Company Secretary

    Enclosures: As above.

    An ISO 9001, ISO 14001 & ISO 45001 certified company


    PAKISTAN PETROLEUM LIMITED
    CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED)
    FOR THE QUARTER ENDED SEPTEMBER 30, 2024

    Quarter ended Quarter ended


    September 30, September 30,
    2024 2023
    (Rupees in thousand)

    Revenue from contracts with customers 66,177,041 77,447,699

    Operating expenses (14,851,045) (12,495,571)


    Royalties and other levies (10,535,759) (12,291,663)
    (25,386,804) (24,787,234)
    Gross profit 40,790,237 52,660,465

    Exploration expenses (1,519,114) (1,999,434)


    Administrative expenses (1,643,614) (1,205,132)
    Finance costs (561,309) (411,810)
    Share of loss of associates (617,668) (837,349)
    Other charges (4,099,240) (4,388,772)
    32,349,292 43,817,968
    Other income 6,394,021 3,753,625
    Profit before taxation 38,743,313 47,571,593
    Taxation (15,165,937) (17,945,235)
    Profit after taxation 23,577,376 29,626,358

    Basic and diluted earnings per share (Rs) 8.67 10.89


    PAKISTAN PETROLEUM LIMITED

    CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED)


    FOR THE QUARTER ENDED SEPTEMBER 30, 2024

    Quarter ended Quarter ended


    September 30, September 30,
    2024 2023
    (Rupees in thousand)

    Revenue from contracts with customers 66,786,349 78,010,814

    Operating expenses (15,132,454) (12,735,923)


    Royalties and other levies (10,721,728) (12,477,412)
    (25,854,182) (25,213,335)
    Gross Profit 40,932,167 52,797,479

    Exploration expenses (2,581,562) (2,064,908)


    Administrative expenses (1,673,562) (1,237,275)
    Finance costs (577,462) (429,348)
    Share of loss of associates (617,668) (837,349)
    Other charges (4,102,468) (4,388,772)
    31,379,445 43,839,827
    Other income 6,489,095 3,875,308
    Profit before taxation 37,868,540 47,715,135
    Taxation (15,172,018) (17,954,088)
    Profit after taxation 22,696,522 29,761,047
    -40.06%
    Basic and diluted earnings per share (Rs) 8.34 10.94

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