Financial results for the year ended june 30, 2025

CA/PSX/ 1 9Thru: PUCARS/Courier

November 01, 2025

The General Manager,

Pakistan Stock Exchange Limited (PSX), Stock Exchange Building,

Stock Exchange Road,

KARACHI.

The Executive Director/HOD,

Offsite-II Department, Supervision Division Securities and Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue, Blue Area, ISLAMABAD.

Subject: FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2025

Dear Sir(s),

Please be informed that the Board ofDirectors of SNGPL in its meeting held onNovember 01, 2025 at 02:30 p.m. at Lahore, recommended the following:

1. CASH DIVIDEND

   A final Cash Dividend for the year ended June 30, 2025 at Rs. 3.00 per share i.e. 30%. This is in addition to Interim Dividend already paid at Rs. 0 per share i.e. 0%.

2. BONUS SHARES

3. RIGHT SHARES

4. ANY OTHER ENTITLEMENT/CORPORATE ACTION

5. ANY OTHER PRICE-SENSITIVE INFORMATION

   NIL NIL NIL NIL

   The financial statements of the Company along with qualified opinion of the auditors are annexed, herewith, as follows:

   1. Statement of Profit / Loss for the year ended June 30, 2025 along with appropriations, Earning / (Loss) Per Share and comparative figures of immediately preceding corresponding period (Annex-A);

   2. Statement ofFinancial Position as at June 30, 2025 (Annex-B);

   3. Statement of Changes in Equity for the year ended June 30, 2025 (Annex-C); and

   4. Statement of Cash Flows for the year ended June 30, 2025 (Annex-D);

Further, the Auditors in their report to the members have stated as under:

We draw attention to note 26.3 to the annexed financial statements, which explains that the settlement of circular debt, including tariff adjustment (refer notes 30 and 34) is dependent upon the resolution of intercorporate balances by the Government ofPakistan and increase in gas prices or subsidy by the Government of Pakistan to the Company.

Our opinion is not modified in respect of this matter.

negtstei•ect O fftc e:

feati Office:

SiiiNo,heniGnsripeWnosLiinied, 2t-KushintrRosd, i»hore,Fnkistn*i

-i-52 42-9S›OB2OOO-06

Corporate Affairs Department,

5'•P loor, Gris House,

21 Kasliiviir Road, aliore, rakistari.

+92-42-992Ol369

ern Gas

The Annual General Meeting will be held on Thursday, November 27, 2025 at 11: 00 a.m. at Pearl Continental (PC) Hotel, Lahore.

The recommended entitlement will be paid to the shareholders whose names will appear in the Register of Members on Thursday, November 20, 2025.

The Share Transfer Books of the Company wI11 be closed from Friday, November 21, 2025 to Thursday, November 27, 2025 (both days inclusive). Transfers received at the office of the Company's Shares Registrar, CDC Share Registrar Services Limited (CDCSRSL), Mezzanine Floor, South Tower, USE Plaza, 19-Khayaban-e-Aiwan-e-lqbal, Lahore or at the Registered Office of the Company, Gas House, 21-Kashmir Road, Lahore at the close of business on Thursday, November 20, 2025 will be treated in time for the purpose of above entitlement to the transferees.

The Annual Financial Statements (Annual Report) of the Company shall be transmitted through PUCARS at least 2 I days before holding of Annual General Meeting.

Thanks and Regards.

Yours sincerely,

Encls: As above.

RegRieiedflffce:

Sui to i-tlaerii Ga sP ip e I i nes L i rawi ted, 2 I -Km sl iriir Road, ohere, Pakisten.

+9242-g9O82OOO-OG

SGM (Corporate Affairs) / Company Secretary

Corpol (uAffz sDqn*n=i1.

21-flus1n}rltond. iahoie,Fukishui

+92-42-S92OI359

SUI NORTHERN GAS PIPELINES LIM ITEI3

STATEMENT OI' PROFIT OR LOSS FOR 'THE YEAR ENDLD JUN* z° s

Annex A

°°*5 °°*4

(Rupees in thousand)

Annex A

The Auditors M/s A.F Ferguson & Co. Chartered Accountants have expressed a qualified opinion due to non-compliance with presentation requirements of IFRS 14 follovnng the expiry of SECP's exemption on June 3 , 2024.

"Quote"

As disclosed in note 2.2.3 tc) to the annexed financial statements, the Company, as a gas utility engaged in rate-regulated actix4ties, has recognized Regulatory Deferral Account (RDA) balances in accordance with International Financial Reporting Standard (IFRS) 14 'Regulatory Deferral Accounts'. However, the Company has not complied with the presentation requirements of IFRS ld, as detailed below. These departures do not impact the retained earnings of the Company.

1. A separate subtotal, 'Loss for the year before net movement in regulatory deferral account balances' amounting to Rs 6i,638.oo9 million (2o24: Rs 139,210.237 million);

2. Removal of the 'Tariff adjustment' line item by an amount of Rs 76,22 9s6million

   (202d: RS 15 ,186.777million);

3. Inclusion of a separate line item, 'Net movement in regulatoty deferral account balances' amounting to 76,229.956 million (2o24: Rs 15 ,186 777 million), presented after 'profit for the year'.

'Profit for the year and net movement in RDA balances' and 'profit for the year' as per annexed financial statements would have remained the same.

1. IFRS l4 requires that Regulatory Deferral Account assets and liabilities be presented separately from other assets and liabilities. The Company has classified RDA balances within 'Other Receivables' without separate line-item presentation. Had the requirement been followed, a separate line item, 'Regulatory deferral account balances' amounting to Rs 9qi,627.211 million (zo•4 Rs 865.397°5a million), would have been presented after the subtotal of total assets, w5th a corresponding decrease in 'Other receivables', classified as a current asset and included in total assets.

2. IFRS i4 mandates separate disclosure of basic and diluted Earnings Per Share (EPS) calculated by excluding the net movement in RDA balances. The Company has not presented this EPS in the statement of profit or loss. Ha‹l the requirement been followed, EPS would have been presented as:

Basic and diluted EPS (excluding net movement in RDA balances): (97.19)[2O2d:

Rs (2 +9.5 )]

Annex A

2 . 2)

"Unquote"

Company considers that the qualification is limited to presentation aspects and have no impact on Profit for the year and net movement in 'Regulatory Deferral Account balances' and 'profit for the year' as per annexed financial statements. Company's exemption renewal request is under consideration with the Federal Government through Minist q of Energy (Petroleum Division).

SP NORTHERN GAS PI PRUNE'S LIMITED STATEMENT OF FINANCIAL POSITION AS AT JUT•4E 3o, oR$

eor$ got

{Rupees in thousand}

&nex B

(Rupees in Gousand)

Share oapita and resez-ves

ASSETS

Not-current assets

Share capita Revenue reserves

6,342,i67

4,3 3.943

Propem', plant and equipment Zntangible assets

Total equitv

Long term financing trom financial institutions - secured Long term financing - unsecured

Lease liab litres Security deposits Deferred grant Contract liabilities

Employee henefit obligations

Trade and otJner payables Current portion of:

Long term financing from financial institutions - secured Long term financing - unsecured

Lease liabilities Deferred grant Contract liabfiities

Provision for taxation Unelaimed dividend

Interest / mark-up accrued on loans and other payables

Short term borrofings from financial institutions - secured

7o,646,Mo

*^3'453'3*

••397'@6,6o8

6§, 1§2,8I8

*°0•••4›9°4

Right-of-use assets Deferred taxation Long term loans Employee benefits

long term deposits and prepayments

Stores and spare parts Stock-in-trade

Trade debts

Loans and advances

Trade deposits and short term prepayments Accrued interest

Other receivables Contra‹n assets

Sales tax rewverable Cash and banlc balances

t,g1O,821.057 .3W.68o.g58

Contingeneies and commitmenM

i,68i,646,O28

1,6q2.TO y,g@

SUI NO ERN GAS PIPELOfES LIMITED

STATEMENT OF CAGES INEQU FOR THE YEAR LED TUNE 3o, ° s

Aztzzex C

(Rupeesinthousand)

Balance as at July oi, u°83

Transactions with overs in their capacity as ovmers recognised directly in equity:

- Final dividend for the year ended June 3 , 2022 @ Rupees i.s per share

Total comprehensive income for the year Profit for the year

Other comprehensive income for the year

Balance as at June 3o, coup

Transactions with owners in their capacity as owners recognised directly in equity:

- Final dividend for the year ended June 3o, 2O23

@ Rupees q.s per share

- Final dividend for the year ended June 3o,Borg 9 Rupees 7.s per share

Total comprehensive income for the year Profit for the year

Other comprehensive loss for the year

6,348 i6y

8›34 ,i6y

4•**y,680

48o,ooo 34,635,746

(95'.385J

ig,ss8,548

(z,853,975J (4.?s6,625]

39,243,4*8

(951,3*5)

+9.558,548

(°' 53'975)

(4,7s6,6*5)

45,58S,595

(95*'325)

+9.5s8,S48

( ,853.975)

f4.756,6*sJ

BalanceasatJunezo,zo°s

8•34 ,i6y

Annex D

)