PPL Posts Rs19.3B Profit in 4QFY25
PPL has announced its 4QFY25 result, posting earnings of Rs19.3 billion, 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 Rs 92.0 bn (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 a high base effect led by high dry well expense recorded in SPLY.
Operating Expenditures (OPEX) during 4QFY25 clocked in at Rs13.5bn, down by 20% YoY and up 2% QoQ. This YoY decline in OPEX is due to a decline in hydrocarbon sales amid curtailment, in our view.Apply Today for RLNG Household Gas Connections
Other income decreased by 13% YoY to Rs4.7bn due to lower interest rates. While the same is up by 11% QoQ, possibly due to some exchange gains as a result of PKR depreciation from Rs280.40/US$ (Mar 2025 end) to Rs283.76/US$ at Jun end 2025.
ETR for the quarter clocked in at 32% in 4QFY25 vs. 38% in 3QFY25 and 32% in 4QFY24. Along with the result, the company has announced a cash dividend of Rs2.5/share in 4QFY25, taking the full-year payout to Rs7.5/share.
“ We maintain our BUY stance on PPL. The company is currently trading at an FY26/27 PE of 7.5x/6.5x.,” Topline Research said.
