OGDC reports record profits and highest-ever annual dividend for FY26

Oil and Gas Development Company Limited (OGDC) has reported a significant increase in financial performance for fiscal year 2026. The company’s earnings per share (EPS) rose 42.8% year-on-year to Rs. 56.35, up from Rs. 39.50 in FY25. This growth was driven by higher oil and gas production, as well as a one-off reversal of a super tax provision.

OGDC announced its highest-ever annual dividend of Rs. 17 per share, which includes a final cash dividend of Rs. 6 per share. Total revenue for the year reached approximately Rs. 449.2 billion, while profit after tax reached Rs. 242.374 billion, a 43% increase over the previous year.

Operational highlights include a 25% increase in oil production and a 17% increase in gas production. The company also reported nine new oil and gas discoveries, adding 120 MMBOE of 2P reserves. During the fiscal year, OGDC contributed Rs. 187 billion to the national exchequer and generated US$ 3.31 billion in foreign exchange savings through import substitution.