SNGP declares Rs3 per share dividend

Sui Northern Gas Pipelines Limited (SNGP) reported a 1.5% rise in FY26 net profit to Rs14.81 billion, while its board recommended a cash dividend of Rs3 per share. Earnings per share increased to Rs23.35 from Rs23.01 for the year ended June 30, 2026, according to Mettis Global.

The improvement in annual earnings came despite weaker revenue: gas sales fell 13% to Rs1,154.92 billion, and revenue after tariff adjustments declined 21% to Rs1,113.07 billion. Gross profit was down 15% to Rs68.22 billion, but operating profit rose 9% to Rs59.89 billion as total operating expenses fell 37%, partly reflecting the absence of prior-year charges. Finance costs also decreased 17% to Rs25.23 billion, while the company recorded a minimum tax levy of Rs8.44 billion.