Lahore: Sui Northern Gas Pipelines Limited (SNGPL) has announced its financial results for the fiscal year ended June 30, 2026, revealing a decrease in revenue alongside increased costs, according to its report dated November 5, 2026.

The company's revenue from gas sales fell to 1.15 trillion rupees, down from 1.33 trillion rupees in the previous year, marking a very large or significant move of -13.31%. This decline was compounded by a tariff adjustment that resulted in a negative adjustment of 41.85 billion rupees, compared to a positive adjustment of 76.23 billion rupees the prior year. Consequently, SNGPL's total revenue and tariff adjustments stood at 1.11 trillion rupees, down from 1.41 trillion rupees, reflecting a very large or significant move.

Despite the drop in revenue, the cost of gas sales also decreased, from 1.33 trillion rupees to 1.04 trillion rupees, resulting in a gross profit of 68.22 billion rupees, compared to 80.45 billion rupees previously, indicating a big move of -15.21%. Other income also saw a decline, totaling 26.26 billion rupees, down from 29.80 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), operating expenses surged, with selling costs rising to 13.16 billion rupees from 11.05 billion rupees, administrative expenses increasing to 13.91 billion rupees from 11.92 billion rupees, and other expenses climbing to 1.95 billion rupees from 1.70 billion rupees. Additionally, the net impairment loss on financial assets rose to 5.57 billion rupees, a significant increase from 1.65 billion rupees.

The operating profit for the year was reported at 59.89 billion rupees, up from 54.91 billion rupees, indicating a moderate move. Finance costs decreased to 25.23 billion rupees from 30.47 billion rupees, contributing to a profit before levy and income tax of 34.66 billion rupees, up from 24.45 billion rupees.

A minimum tax differential levy of 8.44 billion rupees was introduced, resulting in a profit before income tax of 26.21 billion rupees, compared to 24.45 billion rupees the previous year. After accounting for income tax expenses of 11.41 billion rupees, the profit for the year amounted to 14.81 billion rupees, a minor move of 1.49% from the prior year's profit of 14.59 billion rupees.

Earnings per share were reported at 23.35 rupees, a slight increase from 23.01 rupees in the previous year. The report highlights the financial challenges faced by SNGPL amidst fluctuating tariffs and rising operational costs in the energy sector.