Attock Refinery Limited
By PSX Investors Zone · Updated October 15, 2026
Attock Refinery Limited (PSX: ATRL) is a Pakistani oil-refining company incorporated in 1978. It processes crude oil into petroleum products and operates in Pakistan's energy sector. Explore its FY2026 financial performance, dividend announcements, refinery-upgradation plans, Shariah-screening status and key investment risks before conducting further research.
Company Overview
Attock Refinery Limited (PSX: ATRL) is a Pakistani oil-refining company incorporated on November 8, 1978, as a private limited company. It converted into a public company on June 26, 1979.
The company's principal activity is refining crude oil into petroleum products. It is a subsidiary of The Attock Oil Company Limited, England, while its ultimate parent is Coral Holding Limited, Malta.
Official sources: PSX Company Profile | Attock Refinery Official Website
Business Model
Attock Refinery processes crude oil into petroleum products used in transport, industrial activity and other energy-related applications. Its financial performance can be affected by crude-oil prices, refining margins, product demand, refinery utilization, inventory movements, exchange rates and government policies.
Refineries can experience significant changes in profitability from one year to another because revenue depends on both product prices and the cost of crude oil and other inputs. Investors should therefore examine operating performance and cash flows alongside reported profit.
Financial Performance
The following figures are from the standardized financial data displayed on the PSX company profile. The PSX page labels financial amounts in thousands, except EPS. The table converts sales and profit into billions of Pakistani rupees.
| Financial Metric | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs341.59 billion | Rs301.33 billion |
| Profit after taxation | Rs22.10 billion | Rs11.97 billion |
| Earnings per share (EPS) | Rs207.32 | Rs112.30 |
| Gross profit margin | 9.16% | 3.23% |
| Net profit margin | 6.47% | 3.97% |
Sales increased by approximately 13.4% year over year, while profit after taxation increased by approximately 84.6%. These figures indicate stronger reported profitability in FY2026, but they do not establish that similar results will continue.
Investors should review the original annual report for accounting details, refinery operations, inventory effects, cash flows and management's discussion of the results.
Sources: PSX Financials and Ratios | Official Annual Reports
Dividend History and Latest Announcement
In its FY2026 results announcement dated August 27, 2026, the company recommended a final cash dividend of Rs15 per share, in addition to an interim dividend of Rs2.50 per share already paid. The announced total for FY2026 was therefore Rs17.50 per share, subject to the applicable approval and entitlement requirements for the final dividend.
A declared dividend is not a guarantee of future payments. Investors should check the official announcement for approval status, book-closure dates and payment details.
Sources: PSX Company Announcements | Attock Refinery Annual Reports
Refinery Upgradation and Business Outlook
Attock Refinery's FY2026 annual report discusses its refinery-upgradation project and the policy framework for upgrading existing refineries. Such projects may involve substantial capital expenditure, execution timelines, regulatory requirements and financing needs.
Investors should monitor official company announcements for project approvals, investment commitments, construction milestones and expected operational effects. A project announcement alone does not guarantee future profitability.
Source: Attock Refinery Official Annual Reports
Shariah Screening Status
The PSX screener reviewed for this profile listed ATRL among the constituents of the KMI-30 and PSX-KMI All Share indices. This is relevant to investors who use PSX's Islamic indices when researching Shariah-compliant shares.
Screening status can change as the Exchange reviews companies' financial information and applies its screening methodology. Before publishing or relying on this status, check the latest official screening notice and the company's current listing in the PSX screener.
Sources: PSX Stock Screener | PSX Islamic Indices
Important PSX Risk Warning
At the time of review on October 15, 2026, the official PSX company profile displayed a Risk Warning Alert referring to continuous violation of Clauses 5.11.1 or 5.11.2 and the risk of trading suspension or delisting.
This warning should not be interpreted as confirmation that trading has already been suspended or that the company has been delisted. Investors and website readers should check the latest PSX notices to establish the current regulatory position.
Source: Official PSX ATRL Profile
Key Risks to Research
- Crude-oil and product-price movements: Changes in crude costs and refined-product prices can affect margins.
- Refining margins: Profitability depends partly on the difference between input costs and the value of refined products.
- Operational risk: Maintenance, plant reliability and refinery utilization can affect output and expenses.
- Regulatory changes: Government policies, environmental requirements and refinery-upgradation rules can influence operations.
- Capital expenditure: Refinery upgrades may require substantial funding and careful execution.
- Earnings volatility: Strong annual results do not guarantee that future results will remain at the same level.
- PSX regulatory warning: Review the current risk alert and related official notices before making any assessment.
These are general research considerations, not predictions of future share-price performance.
Investor Research Checklist
Before evaluating ATRL, review:
- The latest audited annual report and interim financial statements.
- Refinery utilization, product mix and refining margins.
- Operating cash flow, capital expenditure and financing requirements.
- The status and cost of refinery-upgradation projects.
- Dividend declarations, approvals and payment dates.
- Valuation relative to earnings and comparable companies.
- Current PSX risk notices and the latest Shariah-screening results.
Frequently Asked Questions
What does ATRL do?
Attock Refinery Limited processes crude oil into petroleum products.
What was ATRL's FY2026 EPS?
The standardized financial data displayed on PSX reports FY2026 earnings per share of Rs207.32. Check the original annual report for the reported figure and its accounting basis.
Is ATRL Shariah-compliant?
The PSX screener reviewed for this profile listed ATRL in the KMI-30 and PSX-KMI All Share indices. Always verify the latest official screening status before relying on it.
Disclaimer
This profile is for educational and informational purposes only. It is not personalized investment advice or a recommendation to buy, sell or hold ATRL shares. Verify current official disclosures, consider the risks and conduct independent research before making financial decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.