Sui Northern Gas Posts Higher Annual Profit, Recommends Rs3 Per Share Final Dividend for FY2026
Sui Northern Gas Pipelines Limited (SNGPL) has reported an increase in annual profit for the financial year ended June 30, 2026, while recommending a final cash dividend of Rs3 per share for its shareholders.
According to the company’s notice submitted to the Pakistan Stock Exchange (PSX) on November 5, 2026, the Board of Directors approved the financial results at a meeting held in Lahore.
Annual Profit Increases to Rs14.81 Billion
SNGPL recorded a profit after tax of Rs14.81 billion for FY2026, compared with Rs14.59 billion in the previous financial year, reflecting a modest improvement in its annual earnings.
The company’s earnings per share (EPS) also increased to Rs23.35 from Rs23.01 in FY2025.
Revenue from gas sales stood at approximately Rs1.155 trillion during the year, compared with Rs1.332 trillion in the preceding financial year. After tariff adjustments, total revenue amounted to Rs1.113 trillion.
Gross profit declined to Rs68.22 billion from Rs80.45 billion a year earlier. However, operating profit increased to Rs59.89 billion from Rs54.91 billion, while profit before income tax rose to Rs26.21 billion from Rs24.45 billion.
The improvement in operating profit and lower finance costs helped support the company’s overall profitability despite pressure on revenue and gross margins.
Rs3 Per Share Final Dividend Recommended
The Board of Directors has recommended a final cash dividend of Rs3 per share, equivalent to 30%, for the year ended June 30, 2026.
The proposed dividend is in addition to the interim dividend already paid at zero percent. The company has not recommended any bonus shares, right shares or other entitlements.
Shareholders whose names appear in the company’s register of members on November 19, 2026, will be eligible to receive the recommended dividend, subject to the applicable approval process.
Annual General Meeting Scheduled for November 27
SNGPL has scheduled its Annual General Meeting (AGM) for Friday, November 27, 2026, at 11:00 a.m. at the company’s head office, located at 21-Kashmir Road, Lahore.
The company’s share transfer books will remain closed from November 20 to November 27, 2026, both days inclusive.
The company has stated that transfers received by the company’s Share Registrar by the close of business on November 19, 2026, will be considered eligible for the entitlement.
Financial Challenges and Cash Flow Position
Despite reporting higher annual earnings, SNGPL continues to face financial challenges associated with its receivables and outstanding balances.
The auditors highlighted Note 26.3 of the financial statements, which explains that the settlement of circular debt, including tariff adjustments, depends on the resolution of intercorporate balances by the Government of Pakistan and an increase in gas prices or government subsidies.
The company’s cash flow statement showed net cash inflow from operating activities of Rs38.54 billion during FY2026, compared with Rs56.05 billion in the previous year.
Meanwhile, net cash outflow from investing activities stood at Rs47.98 billion. Financing activities generated a net cash inflow of Rs24.54 billion, compared with a net cash outflow of Rs28.57 billion in FY2025.
Outlook
SNGPL’s FY2026 results reflect a modest improvement in annual profitability and earnings per share despite lower revenue and gross profit. The recommended Rs3 per share dividend also provides a proposed cash return to shareholders.
However, the company’s future financial performance will remain closely linked to the resolution of circular debt, tariff adjustments, recovery of outstanding receivables and government decisions regarding gas pricing and subsidies.
Investors will be watching the company’s upcoming AGM and developments regarding its financial position as it moves into the next financial year.
