SSGC reports lower consolidated annual profit and EPS for FY2026; auditors cite significant receivables uncertainty
Financial ResultSui Southern Gas Company Limited reported consolidated profit for the year of Rs. 2,541.708 million, down from Rs. 3,441.252 million, and EPS of Rs. 2.89 versus Rs. 3.91 for the year ended June 30, 2026. Revenue also declined. The cover letter says no cash dividend, bonus shares, or rights shares were recommended. The auditors’ initial draft report includes a qualified opinion concerning recovery of substantial overdue receivables from K-Electric and Pakistan Steel Mills.
Payout
- No cash dividend
Key Findings
- Consolidated revenue fell to Rs. 369,457.522 million from Rs. 446,444.137 million year on year.
- Consolidated profit for the year declined to Rs. 2,541.708 million from Rs. 3,441.252 million; EPS decreased to Rs. 2.89 from Rs. 3.91.
- The board recommended no cash dividend, bonus shares, or rights shares for the year.
- The auditors’ initial draft report contains a qualified opinion regarding recoverability and timing of recovery of overdue receivables from K-Electric and Pakistan Steel Mills.
Financial Performance
| Metric | PreviousYear ended June 30, 2025 | CurrentYear ended June 30, 2026 | Change |
|---|---|---|---|
| Revenue from contracts with customers - Gas sales - net | PKR 450.7B | PKR 378.12B | -16.1% |
| Gross profit | PKR 12.34B | PKR 8.1B | -34.3% |
| Operating profit | PKR 20.51B | PKR 20.48B | -0.2% |
| Profit for the year | PKR 3.44B | PKR 2.54B | -26.1% |
| Earnings per share - basic and diluted | 3.91 | 2.89 | -26.1% |
| Finance cost | PKR 12.15B | PKR 14.27B | +17.5% |
| Cash and bank balances | PKR 2.93B | PKR 5.39B | +84.1% |
| Short term borrowings | PKR 82.81B | PKR 109.12B | +31.8% |
| Cash dividend recommended | - | NIL | - |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.
