Karachi, December 22, 2025 — The Sui Southern Gas Company Limited (SSGC) has posted a sharp 81 percent decline in profit after tax for the quarter ended September 30, 2025, reflecting mounting operational and financial pressures during the period.
According to the company’s consolidated financial results submitted to the Pakistan Stock Exchange (PSX) on Monday, SSGC reported a profit after tax of Rs785 million for the first quarter of fiscal year 2025-26, compared with Rs5.19 billion recorded in the corresponding quarter of the previous year.
As a result of the significant earnings contraction, the company’s earnings per share (EPS) dropped sharply to Rs0.89 for the July–September 2025 quarter, down from Rs5.90 in the same period last year. The weak performance underscores the challenges faced by the gas utility amid declining sales and rising costs.
The board of directors, which met on December 20, 2025, decided not to announce any cash dividend, bonus shares, right shares, or other entitlements for the quarter under review, signaling a cautious outlook on shareholder returns.
SSGC’s financial statements further revealed a notable fall in revenue, as gas sales declined to Rs104.12 billion during the quarter, compared with Rs135 billion in the corresponding period of the previous year. The drop in sales had a direct impact on profitability, with gross profit plunging to Rs751 million, down from Rs5.04 billion a year earlier.
Meanwhile, the company continued to face cost pressures, as administrative and selling expenses increased to Rs1.93 billion, up from Rs1.85 billion in the same quarter last year. Analysts note that the combination of lower sales and higher expenses significantly eroded SSGC’s bottom line during the September 2025 quarter.