Karachi, April 29, 2026 — Sui Southern Gas Company Limited (SSGC) reported a sharp 80% decline in profit after tax for the first nine months of fiscal year 2025–26, as rising costs and lower margins weighed heavily on its financial performance.
According to a consolidated statement submitted to the Pakistan Stock Exchange (PSX), the company posted a profit of Rs1.53 billion for the period ended March 31, 2026, compared with Rs7.49 billion in the same period last year.
Earnings per share (EPS) fell significantly to Rs1.72, down from Rs8.50 in the corresponding period of the previous fiscal year.
No Dividend Announced
The board of directors, which met on April 29, approved the financial results but did not announce any cash dividend or bonus shares for the period.
Gross Profit Sees Major Decline
SSGC’s gross profit dropped sharply to Rs2.52 billion during the nine-month period, compared with Rs8.94 billion recorded in the same months last year, reflecting pressure on core operations.
Rising Expenses and Finance Costs
Administrative and selling expenses increased to Rs6.03 billion, up from Rs5.47 billion in the previous year.
A significant surge in finance costs further impacted profitability, rising to Rs12.25 billion during July–March FY2025–26 from Rs8.92 billion a year earlier. Additionally, income tax payments climbed to Rs872 million, compared with Rs293 million in the same period last year.
Outlook
The latest results highlight mounting financial challenges for SSGC, with rising borrowing costs and declining margins putting pressure on earnings. Analysts expect the company’s performance to remain sensitive to interest rates, operational efficiency, and regulatory developments in Pakistan’s energy sector.