External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Energy / Thematic (Sector/Industry)

<ul><li>Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.4mn tons in Sep 2025, up 8% YoY and 5% MoM. The YoY growth was supported by gradual economic recovery and reduced smuggling from Iran, while the MoM increase was driven by a lower base as sales in Aug were lower than potential due to floods and monsoon rains all over the country.</li><li>This takes total sales for 1QFY26 to 3.9mn tons, reflecting a 6% YoY increase compared to 3.7mn tons in 1QFY25.</li><li>Excluding Furnace Oil (FO) sales in Sep 2025 were 1.36mn tons, reflecting a 13% YoY and 6% MoM rise. For 1QFY26, Ex-FO sales totaled 3.8mn tons, an 11% YoY rise.</li></ul>

Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.4mn tons in Sep 2025, up 8% YoY and 5% MoM. The YoY growth was supported by gradual economic recovery and reduced smuggling from Iran, while the MoM increase was driven by a lower base as sales in Aug were lower than potential due to floods and monsoon rains all over the country.This takes total sales for 1QFY26 to 3.9mn tons, reflecting a 6% YoY increase compared to 3.7mn tons in 1QFY25.Excluding Furnace Oil (FO) sales in Sep 2025 were 1.36mn tons, reflecting a 13% YoY and 6% MoM rise. For 1QFY26, Ex-FO sales totaled 3.8mn tons, an 11% YoY rise.

Pakistan Oil Marketing - OMC Sales Up 8% YoY and 5% MoM in Sep 2025; 1QFY26 Sales Up 6% YoY