Ogdcl Reports Rs 34.71 Billion Profit Decline Amid Investments

In a recent financial update, the Oil & Gas Development Company Limited (OGDCL) reported a profit after tax of Rs 34.71 billion for the second quarter ending December 31, 2025, reflecting a 16% decline from Rs 41.44 billion in the same quarter last year. This decline is part of a broader trend, with the total profit for the first half of FY26 falling by 11% to Rs 73.019 billion compared to Rs 82.46 billion in the previous year. The decrease in profitability has been attributed to enforced shutdowns of gas fields due to governmental actions, which have significantly impacted production levels, resulting in losses exceeding Rs 36 billion. Despite these challenges, OGDCL declared a record interim cash dividend of Rs 4.25 per share, bringing the total interim dividend for the half-year to Rs 7.75 per share, the highest in the company's history.