Karachi: The Sui Southern Gas Company Limited (SSGC) has announced its financial results for the quarter ending September 30, 2025, detailing a significant decrease in profit compared to the same period last year. According to the company’s latest statement, the Board of Directors convened on December 20, 2025, in Karachi, with no dividends, bonus shares, right shares, or other corporate actions recommended.
For this quarter, SSGC reported a profit of 270,979,000 rupees, a stark contrast to the 4.87 billion rupees recorded in the corresponding period of 2024. The earnings per share stood at 0.31 rupees, compared to 5.53 rupees in the previous year, highlighting a substantial decline in profitability.
The company’s revenue from contracts with customers, primarily from gas sales, amounted to 97.90 billion rupees, down from 132.94 billion rupees in the same quarter last year. After accounting for a tariff adjustment of 10.53 billion rupees, the net revenue stood at 87.38 billion rupees, down from 114.99 billion rupees — a very large decrease. Despite the drop in revenue, the cost of gas sales was reported at 87.32 billion rupees, slightly below the 110.37 billion rupees in 2024.
Administrative and selling expenses rose to 1.88 billion rupees from 1.81 billion rupees, while other operating expenses decreased to 88.92 million rupees from 268.94 million rupees. The allowance for expected credit loss increased to 2.59 billion rupees compared to 1.79 billion rupees last year, contributing to an overall operating loss of 4.50 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), SSGC’s other operating income increased to 9.13 billion rupees from 7.58 billion rupees, resulting in an operating profit of 4.63 billion rupees, down from 8.33 billion rupees. Finance costs were reported at 3.30 billion rupees, slightly lower than the 3.42 billion rupees incurred in the previous year. The company faced a significant tax levy of 1.06 billion rupees, compared to a minimal 43.07 million rupees from the same quarter last year.
Total comprehensive income for the period was reported at 358.42 million rupees, a sharp decline from the 4.88 billion rupees in the corresponding period of 2024. The unrealized profit on the re-measurement of financial assets at fair value contributed 87.45 million rupees to the comprehensive income.
As of September 30, 2025, SSGC’s total assets amounted to 1.13 trillion rupees, slightly higher than the 1.12 trillion rupees reported on June 30, 2025. The company’s total equity was recorded at 8.63 billion rupees, compared to 8.27 billion rupees at the end of the last fiscal year.