Karachi: Sui Southern Gas Company Limited (SSGC), a prominent player in Pakistan's energy sector, reported its financial and operational performance for the fiscal year 2024-25, highlighting significant changes in its financial metrics and the strategic role of the Government of Pakistan (GoP) in its operations.

Dated December 17, 2025, SSGC disclosed its shareholding structure, with the Government of Pakistan holding a substantial 53% direct ownership stake, which ensures a controlling interest. An additional 20% is indirectly managed through government-controlled entities, bringing the total government influence to 73%. The remaining 27% is distributed among the general public, including retail investors, mutual funds, and other institutional bodies.

The company's customer base, spanning over 3.21 million connections across domestic, commercial, and industrial sectors, is supported by an extensive transmission and distribution network. This includes approximately 4,600 kilometers of transmission lines and 50,000 kilometers of distribution pipelines across Sindh and Balochistan provinces. SSGC manages a substantial installed capacity of around 2.4 billion cubic feet per day (BCFD), serving a vast demographic while contributing to the supply chain of Pakistan's northern gas utility, SNGPL.

According to information available from the Pakistan Stock Exchange (PSX), SSGC reported an unconsolidated profit after tax of PKR 2,689 million for FY 2025, a decline from PKR 6,839 million in FY 2024, marking a 60% decrease year-over-year. Similarly, the earnings per share dropped to PKR 3.05 from PKR 7.76, reflecting a significant downturn in profitability. However, the company's turnover experienced a 7% year-over-year growth, escalating from PKR 465,870 million to PKR 435,073 million.

The year also saw a rise in unaccounted-for gas (UFG) levels. In FY 2025, UFG was recorded at 12.07% (equivalent to 34.8 billion cubic feet), up from 10.59% (32.2 billion cubic feet) in FY 2024. This increase of 1.48% represents a big move in UFG levels, impacting the overall efficiency of gas distribution.

SSGC's consolidated profit after tax declined to PKR 3,441 million from PKR 8,292 million, while consolidated earnings per share fell to PKR 3.91 from PKR 9.41, both indicating a 58% reduction year-over-year. These figures underscore the financial challenges the company faced during the fiscal year.

As a leading integrated public-limited gas utility company, SSGC remains a critical component of Pakistan's energy infrastructure, with its operations heavily influenced by the government's strategic interests and policies.