External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Pakistan Oilfields Limited (POL) announced its financial results for 1QFY26, posting a profit of Rs5.4bn (EPS: 19.13), up 2.1x YoY but down 27% QoQ.</li><li>The company reported net sales of Rs13.1bn, down 15% YoY, led by lower oil & gas production volumes and a 14% decline in average crude oil prices.</li><li>Royalty expense declined by 15% YoY during the quarter, primarily due to a fall in net sales. Meanwhile, royalty charges as a percentage of sales remained stable at 11%.</li></ul>

Pakistan Oilfields Limited (POL) announced its financial results for 1QFY26, posting a profit of Rs5.4bn (EPS: 19.13), up 2.1x YoY but down 27% QoQ.The company reported net sales of Rs13.1bn, down 15% YoY, led by lower oil & gas production volumes and a 14% decline in average crude oil prices.Royalty expense declined by 15% YoY during the quarter, primarily due to a fall in net sales. Meanwhile, royalty charges as a percentage of sales remained stable at 11%.

Pakistan Oilfields (POL): Earnings Up 2.1x YoY in 1QFY26 to Rs19.13/Share