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^The historical stock prices have been adjusted to reflect stock splits to ensure comparability over time.
Company Profile
National Refinery Limited was incorporated in Pakistan on August 19, 1963 as a public limited company. The Company is engaged in the manufacturing, production and sale of a large range of petroleum products. The refinery complex of the Company comprises of three refineries, consisting of two lube refineries, and a fuel refinery added to the complex. The company has also commissioned Diesel Hydro De-sulphurisation (DHDS) and Isomerisation (ISOM) units during the financial years 2017 and 2018 respectively.
| Asad Hasan | CEO |
| Shuaib A. Malik | Chairperson |
| Badruddin Khan | Company Secretary |
CDC Share Registrar Services Limited, CDC House, 99-B, Block B, S.M.C.H.S. Main Shahra-e-Faisal 74400
A. F. Ferguson & Co. Chartered Accountants
June
Equity Profile
Announcements
| Date | Title | Document |
|---|---|---|
| Oct 30, 2025 | Transmission of Quarterly Report for the Period Ended September 30, 2025 | View PDF |
| Oct 28, 2025 | Financial Results for the Quarter Ended September 30, 2025 | View PDF |
| Sep 8, 2025 | Transmission of Annual Report for the Year Ended June 30, 2025 | View PDF |
| Aug 11, 2025 | Financial Results for the Year Ended June 30, 2025 | View PDF |
| Apr 30, 2025 | Transmission of Quarterly Report for the Period Ended March 31, 2025 | View PDF |
| Date | Title | Document |
|---|---|---|
| Oct 29, 2025 | Presentation on Corporate Briefing Session - 2025 | View PDF |
| Oct 24, 2025 | Corporate Briefing Session 2025 | View PDF |
| Sep 18, 2025 | Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations | View PDF |
| Sep 15, 2025 | Clarification in response to PSX Letter regarding Unusual Movement in Share Price of National Refinery Limited | View PDF |
| Jun 27, 2025 | Approval of the Budget for the Year 2025-26 | View PDF |
Financials
All numbers in thousands (000's) except EPS
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Sales | 307,662,853 | 308,841,828 | 298,805,449 | 251,875,728 |
| Profit after Taxation | (14,866,922) | (15,790,215) | (4,463,086) | 9,079,013 |
| EPS | (185.91) | (197.46) | (55.81) | 113.53 |
| Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | |
|---|---|---|---|---|
| Sales | 79,574,670 | 84,106,235 | 74,856,034 | 66,975,812 |
| Profit after Taxation | 1,025,086 | (2,757,335) | (4,496,320) | (7,236,585) |
| EPS | 12.82 | (34.48) | (56.23) | (90.50) |

Ratios
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Gross Profit Margin (%) | (2.03) | (2.52) | 4.42 | 9.45 |
| Net Profit Margin (%) | (4.83) | (5.11) | (1.49) | 3.60 |
| EPS Growth (%) | 5.85 | (253.81) | (149.16) | 412.78 |
| PEG | (0.22) | 0.01 | 0.02 | 0.01 |
Payouts
| Date | Financial Results | Details | Book Closure |
|---|---|---|---|
| August 16, 2022 2:10 PM | 30/06/2022(YR) | 150%(F) (D) | 12/10/2022 - 19/10/2022 |
| August 11, 2021 2:45 PM | 30/06/2021(YR) | 100%(F) (D) | 14/10/2021 - 21/10/2021 |
| August 15, 2018 10:16 AM | 30/06/2018(YR) | 100% (D) | 10/10/2018 - 18/10/2018 |
| September 11, 2017 12:12 PM | 30/06/2017(YR) | 225% (D) | 18/10/2017 - 24/10/2017 |
| August 15, 2016 12:13 PM | 30/06/2016(YR) | 200% (D) | 16/09/2016 - 26/09/2016 |
| August 12, 2015 12:01 PM | 30/06/2015(YR) | 100% (D) | 11/09/2015 - 21/09/2015 |
| August 15, 2013 9:50 AM | 30/06/2013(YR) | 150% (F) (D) | 20/09/2013 - 30/09/2013 |
| September 17, 2012 11:04 AM | 30/06/2012(YR) | 150%(F) (D) | 12/10/2012 - 19/10/2012 |
| September 12, 2011 10:57 AM | 30/06/2011(YR) | 250%(F) (D) | 11/10/2011 - 20/10/2011 |
| September 12, 2011 10:57 AM | 30/06/2011(YR) | 250%(F) (D) | 11/10/2011 - 20/10/2011 |









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