SSGC profit drops 26% to Rs2.5bn in FY26

Business Recorder reported that Sui Southern Gas Company Limited (SSGC) earned Rs2.54 billion in FY26, a decline of more than 26% from Rs3.44 billion a year earlier. Earnings per share also fell, to Rs2.89 from Rs3.91, according to financial statements submitted to the Pakistan Stock Exchange.

Gas sales revenue decreased 16% to Rs378.12 billion, while net revenue after tariff adjustments was down 17% at Rs369.46 billion. Although operating profit was nearly unchanged at Rs20.48 billion, higher finance costs, which reached Rs14.27 billion, contributed to lower earnings; gross profit fell 34% to Rs8.10 billion. SSGC’s profit before tax was Rs3.36 billion, compared with Rs3.95 billion in FY25.