Sitara Petroleum Service Limited has released its annual report for the year ended June 30, 2026, showcasing significant growth and operational expansion following its recent IPO.
- Revenue for FY 2026 reached PKR 133,225M, a 9.25% increase from PKR 121,947M in FY 2025.
- Net Profit After Tax (PAT) surged to PKR 4,976M, up from PKR 2,951M in the previous year.
- Earnings Per Share (EPS) stood at PKR 3.46, reflecting improved profitability metrics.
- Gross profit improved to PKR 8,045M, with a gross margin of 6.04%, compared to 4.52% last year.
- Total equity increased significantly to PKR 18,001M from PKR 8,364M, indicating a stronger balance sheet.
- The company plans to declare a dividend of PKR 1.00 per share, subject to approval at the upcoming AGM.
- The report highlights ongoing infrastructure projects and a commitment to sustainable practices, including community welfare initiatives.
- The financial statements are audited and comply with the Companies Act, 2017, and corporate governance regulations.