ISLAMABAD: The Oil & Gas Development Company Limited (OGDC) has announced its financial results for the quarter ended September 30, 2025, reporting a profit after tax of Rs 38.305 billion and declaring a record first interim cash dividend of Rs 3.50 per share — the highest first-quarter payout in the company’s history.
According to the financial statement approved by the Board of Directors in its meeting held on Wednesday, OGDC posted net sales revenue of Rs 96.192 billion and earnings per share (EPS) of Rs 8.91. The company contributed Rs 64 billion to the national exchequer through taxes, royalties, and levies, while its oil and gas production saved foreign exchange worth US$703 million as import substitution.
Production during the quarter averaged 31,315 barrels per day (bpd) of crude oil, 641 million cubic feet per day (MMcfd) of natural gas, and 630 tons of LPG. The company said production was adversely affected by forced curtailments by SNGPL and UPL, which caused an estimated Rs 16.7 billion revenue impact, though partially offset by higher gas prices and a stronger US dollar.
Four new wells — Aradin-1, Soghri North-1, and Jhal Magsi South-1 and South-2 — were added, while Electrical Submersible Pumps (ESPs) at Rajian-5 and Pasakhi-11 helped boost oil output by over 3,100 bpd. Two gas-condensate discoveries, Chakar-1 and Bitrism East-1 in Sindh, added an estimated 9.24 million barrels of oil equivalent (MMBOE) to reserves.
OGDC continued work on major projects including Dakhni, KPD-TAY, and Uch compression facilities, with completion targets set between January and June 2026. The company also advanced its $715 million investment in the Reko Diq copper-gold project and exploration activities in Abu Dhabi Offshore Block-5 and Libya’s Bid Round 25.
The company reported improved liquidity, with its current ratio rising to 10.44 times from 8.16 a year earlier, supported by stronger collections — 129percent for gas receivables and 109pc overall.
The Board commended management’s performance, highlighting the record dividend as a reflection of OGDC’s operational resilience, financial strength, and leadership in Pakistan’s energy sector.
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