External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>POL reversed Rs1.7bn on account of super tax reversal in FY26.</li><li>The applicable tax rate fell to 52.53% from 62.72% last year, mainly because super tax no longer applies which is positive for future earnings.</li><li>We maintain our BUY stance on POL.</li></ul>

POL reversed Rs1.7bn on account of super tax reversal in FY26.The applicable tax rate fell to 52.53% from 62.72% last year, mainly because super tax no longer applies which is positive for future earnings.We maintain our BUY stance on POL.

Pakistan Oilfields (POL) - Annual Report Key Takeaways