Sui Northern Gas Pipelines recommends Rs3 per share dividend for FY26

Sui Northern Gas Pipelines Limited SNGP reported profit of Rs14.81 billion for the financial year ended June 30, 2026, compared with Rs14.59 billion in FY25. Its board recommended a cash dividend of Rs3 per share, equivalent to 30%, alongside the annual results. Basic and diluted earnings per share increased to Rs23.35 from Rs23.01.

Revenue from contracts with customers, comprising gas sales, fell 13.3% to Rs1,154.92 billion from Rs1,332.29 billion. A negative tariff adjustment of Rs41.85 billion, against a positive adjustment of Rs76.23 billion in FY25, contributed to revenue and tariff adjustments declining 21% to Rs1,113.07 billion.

Cost of gas sales decreased 21.3% to Rs1,044.85 billion. Gross profit consequently fell 15.2% to Rs68.22 billion from Rs80.45 billion. Other income declined 11.9% to Rs26.26 billion, while operating income net of cost of gas sales was Rs94.48 billion, down 14.3% from Rs110.25 billion.

Total operating expenses decreased 37.5% to Rs34.59 billion from Rs55.34 billion, while operating profit rose 9.1% to Rs59.89 billion. Finance costs fell 17.2% to Rs25.23 billion, and profit before levy and income tax increased 41.8% to Rs34.66 billion. After an Rs8.44 billion minimum tax differential levy and income tax of Rs11.41 billion, profit for the year was Rs14.81 billion.