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>Company has announced its 4QFY25 result, posting earnings of Rs19.3bn (EPS: Rs7.10), up by 8% YoY and down 11% QoQ, primarily due to lower hydrocarbon production and a decline in oil prices.</li><li>This brings FY25 profits to Rs92.0bn (EPS of 33.82), down by 19% YoY due to the reasons mentioned above.</li><li>Exploration costs stood at Rs4.1bn in 4QFY25, down by 43% YoY amid high base effect led by high dry well expense recorded in SPLY.</li></ul>

Company has announced its 4QFY25 result, posting earnings of Rs19.3bn (EPS: Rs7.10), up by 8% YoY and down 11% QoQ, primarily due to lower hydrocarbon production and a decline in oil prices.This brings FY25 profits to Rs92.0bn (EPS of 33.82), down by 19% YoY due to the reasons mentioned above.Exploration costs stood at Rs4.1bn in 4QFY25, down by 43% YoY amid high base effect led by high dry well expense recorded in SPLY.

Pakistan Petroleum Limited (PPL) – 4QFY25 EPS at Rs7.10, up 8% YoY and down 11% QoQ – In Line With Expectations