SSGC FY26 profit drops 26% to Rs2.5bn

Sui Southern Gas Company Limited (SSGC) reported consolidated FY26 profit of Rs2.54 billion, down 26.14% from Rs3.44 billion a year earlier, according to Mettis Global. Earnings per share also fell, declining to Rs2.89 from Rs3.91 for the year ended June 30, 2026. The company’s gross profit contracted 34.35% to Rs8.10 billion, although operating profit was almost unchanged at Rs20.48 billion.

Net revenue from gas sales decreased 16.10% to Rs378.12 billion, while the cost of gas sales fell 16.76% to Rs361.36 billion. Finance costs rose 17.46% to Rs14.27 billion, and taxation increased 61.08% to Rs817.44 million, adding pressure to the bottom line. Higher other operating income and lower other operating expenses partly offset these increases, while total levies declined 35.45% to Rs2.85 billion.