Attock Refinery Limited (ATRL) held its analyst briefing today to brief investors about FY25 financial results and shed light on the future outlook:

· To note, company posted NPAT of ~PkR12bn (EPS: PkR112.30) during FY25, down 56%YoY. Lower product prices and a decrease in sales volume drove the decline. Alongside GRMs tapering off during the year, which averaged at US$9/bbl during FY25 (vs. US$14/bbl in SPLY). Furthermore, GRMs during 1QFY26 were recorded at US$8.0/bbl.

· Refinery operated at a capacity utilization rate of 65% during the year (vs. 75% in SPLY), down 13%YoY, due to lower crude receipts. Production share of MS/HSD/RFO/Others stood at 38%/36%/15%/11% during FY25.

· Management reported that the crude conversion cost stands at $4.5/bbl, while energy cost are $2.5/bbl.

https://research.akdsl.com/638975356790578746.pdf

Courtesy – AKD Research