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>Oil and Gas Development Company (OGDC) held a conference call to discuss 1HFY26 financial results.</li><li>The company’s oil and gas production during 1HFY26 stood at 31,848 bpd and 626 mmcfd, respectively, contributing around 50% to the country’s total oil production and 27% to total gas production.</li><li>Net sales declined 7% YoY in 1HFY26, primarily due to lower hydrocarbon production and a decline in realized crude oil prices, which fell to US$56.32/bbl from US$62.57/bbl in 1HFY25.</li></ul>

Oil and Gas Development Company (OGDC) held a conference call to discuss 1HFY26 financial results.The company’s oil and gas production during 1HFY26 stood at 31,848 bpd and 626 mmcfd, respectively, contributing around 50% to the country’s total oil production and 27% to total gas production.Net sales declined 7% YoY in 1HFY26, primarily due to lower hydrocarbon production and a decline in realized crude oil prices, which fell to US$56.32/bbl from US$62.57/bbl in 1HFY25.

Topline Flash Note: Oil & Gas Development (OGDC): Corporate Briefing Key Takeaways