Sui Southern Gas Co. Ltd.PSX: SSGC

Financial Results for the Quarter Ended 30 September 2025

Dec 22, 2025 at 3:22 AM UTC · Issued by Sui Southern Gas Co. Ltd.

Sui Southern Gas

ssGc Company Limited

SSGC/CS/2025-211

20 December 2025

The General Manager

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road,

Karachi.

FINANCIAL RESULTS FOR THE QUARTER ENDED 30 SEPTEMBER 2025

Dear Sir,

We have to inform you that the Board of Directors in its meeting held on 20 December 2025 at 12:30 pm, at Karachi recommended the following:

CashDividend Nil
BonusShares Nil
RightShares Nil
Any Other Entitlement/ Corporate Action Nil

, V. AnyOther Price-Sensitive Information Nil

The financial results of the Company for the Quarter ended 30 September 2025 approved by the Board of Directors are attached as Annexure A and B.

Thanking you. "

Yours Sincerely,

Fawa Ahmed Khan

Company Secretary

Cc: Executive Director/ HOD

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

SSGC House, Sir Shah Suleman Road, Gulshan-e-lqbel, P.O. Box 17989, Karachi-75300 FYBX Telephone : 99021000. Fax : 92-21-99231550. Website : www.ssgc.com.pk

GUI SOUTAZBN GAS COM¥'ANY LIX¥1'EED

UNCONSOMOAT&D CONDENSED INT&BIM STATEX€SNT OB PTNMCIM• I'OSLEfON

AS AT 6ZP£BnfBSR 30, 30M

3025

2OZ5

ASSETS

Non-correct zssets

Property, plant and equipment

232,069,ItD

228,656,118

Intangible assets

23J,852

255,948

Right ofuse assets

73,950

87,460

Deferred tax

11.160,804

11,160,804

1,643,832

1,556,387

Long term loans end advances

518,309

Long term deposits Total nos-furmnt aisets

Stores, spares and loose tools Stock-in-trade

Customers' installation work-in-progress Trade debts

Loans and advances

Advances. deposits and short term prcpayments

Otker receivables

Taxation - net

Casb and bank batances Total assets

23,761 23,030 245,664,416 24 ,056

4,665.275	4,350,843
3,616,961	3,214,955
261,690	249,970
141,071,756	130,923,616
1,265.575	1,017,033
1,028,851	664,034
926,207	690.544
675,232,253	681,182.782
47.981,219	48,768.689
1.402,600	1,187,075

877,452,387 872,249,543

1,123,116,803 l,I 14,507,599

The annexed notes to 32 form an integral part of these unconsolidated condensed interira financial

statements.

SUB SOUTBSSN CAS COMPANY MMTZkD

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AS AT SEPTEñfBER 30, 20ZS

September 30, Ju•e 38,

2025 2O25

8,957,341	I 1,049,039
40,351,502	39,086,356
9,958.936	9,623,940
406,288	430,722
5,380,614	5,612.881
12,803,094	12,248,838
19,854	11,732
3.583,919	3,610,466

Note (Rnpees to '0tXl

8,809,163

4,907,401

Surplus on re-measurement ofFVTOCI securities

505,02J

417,582

Surplus on rcvéluation of property plaut and equipment

59,835.137

59,835,137

Accumulated losses (65,429,855) t6S,700,834)

Total equity

8,626,8?3

8,268,449

LIABILITIES

Noa-rurrezt liabilities

Ix›ng terro financing

Security deposits

Employee benefits

Payable against tmasfer of pipeline

Defected credit

Contract liabilities

Lease liability

Long term advances

Total non-current liabilities

8l,46l,S48

81,673,974

Current portion oflong term fixing

38,604,517

42,354,518

Current portion of payablc against transfer of pipeline

94,5'I0

92,447

Current portion of deferred credit

1 l

665,812

573,451

Current portion of contact liabilities

319,700

334,269

Current portion lease liability

59,815

78,527

Slion term borrowings

90,272.205

82,806.374

Trade and other payables

900,671,963

895.653,702

Unclaimed dividend

341,320

Interest accrued

1,998.510

2.330,568

Toal current linblllties

1.033.028,382 1,024,565,176

Toa1 liabiiitim

l,I 14,489,930 1,106,239,150

Contingencies rind commitments

Totnl equity and llnbldflei

I ,123,116,803 1.114,â07,599

The annexed notes I to 32 form an integml part of these unconsolidated condensed interim financial statements.

SUI SOUrHnRN GAS COMPANY I.IMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

FOR THE QUARTER ENDED SEPTBMBER 30, 2025

September 30, September 30,

2025 2024

(Un-Audited)

(Rug in '000 ---

Revenue from Contracts with Customers - Gas Sales

97,901,603

132,941,056

(Less) Tariff adjustment

(l0,'i26,4S0)

(17.952,763)

87,375,153

114,988,293

Less: Cost of gas sales

(87,324,315)

(110,367,613)

Gross profit

50,838

4,620,680

: Operating Expenses

Administrative and selling expenses

(1,879,950)

(1,807,487)

Other operating expenses

(88,919)

(268,939)

Allowance for expected credit loss

(2,586,685)

(1,790,596)

(4,555,554)

(3,867,022)

(4,5tH,716)

753,658

Other operating income

9,131.301

7,576.146

Opemting profit

4,626,585

8,329,804

(3,295,417)

(3,415,350)

9mStbefomlevy$ndtexadon

1,331,168

4,914,454

NFtnimum tax differential

(1,059,904)

(40,300)

Final tax

(285)

(2,770)

(1,060,189)

(43,070)

270,979

4,871,384

Taxation 22

Earning per share - basic and diluted

270.979

0.3t

4,871.384

5.53

Tbe annexed notes I to 32 form an intcgmf part of these unconsolidatcd condensed interim financial statements.

SUI SOUTHERN GAS COMPANY LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR TBE QUARTER ENDED SEPTEMBER 30, 2025

Quarter ended September 30, September 30,

2025 2024

(Un-Audited)

Profit for the period	270,979	4,871,384
Other comprehensive income
Items that will not be reclassified to profit or loss in subsequent periods:
Unrealised profit on re-measurement of financial assets at fair value though other comprehensive income.	87,445	5,644
Total comprehensive income for the period	358,424	877 028

The annexed notes 1 to 32 form an integnl part of these unconsolidated condensed interim finanGIal statements.

SUI SOUTHERN GAS COMPANY LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHAN iES IN FQUITY FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Issued, subscribed and paid-up

) Reserves

Surplus oo re

measurement

of FVTOCI

pgpgg

Surplus on revaluacion of ptppttty plant and equipment

Accumulated

Totai

Capital

zegerves

Revenue

regerves

5,644

4,871,384

5,644

Rupeesin '000)- --

Balance as at July 1, 2024 (Audited) Total comprehensivc income for the quarter	8,809, 163	234,868	4,672,533	220,178	59,835, 137	(67,854,673)	5,917,206
ended September 30, 2024
Profit for the period Other comprehensive income for the period
Total comprehensive income for ihe period				5,644	-	4,871,384	4,877,028
Balance as at September 30, 2024	8,809, 163	234,868	4,672,533	225,822	59,835, 137	(62,983,289)	I 0,794,234
Balance as at Ju!y 1, 202* 'Audited)	8,809, 163	234,868	4,672,5° 3	4I 7.582	59,835, 137	(65,700.834)	*,268,4•9
Tota1 comprehensive income for the quarter ended Septemher 30, 2025
Profit for ihe period Other comprehensive income for the period
Total comprehensive income for the period				87,445	-	270,979	358.424

			87.445	-	270,979	270,979
				-		87,405

Balance as at September 30, 2025 809 6 34 86 672 53 505,027 59,835,137 (65,429,855) 626 7

The annexed notes I to 32 form an integral part of these unconsolidated condensed interim financial statements.

SUI SOUTHERN GAS COMPANY LIMITED

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POR TBE QUART&R €NDE0 EZPI'EMBER 30, 2025

CASH FLOW FROM OPEBATlhG ACTIVITIES

Profit before bvy and taxation Adjustments for non-cash and other items Working capital changes

Financial charges paid Ea ployee beaefia paid

Long term deposits received - net Loans and advances to employee - net

Interest income and return on tern deposits received

Income taxes paid

Net cash generated fiom operating activities

CASH FLOW PROM INVESTING ACTIVITIES

Payments for property, plaAt and equipment

Payments against tiansfer of pipeline

Proceeds hora sale ofproperty, plant and equipmem Dividend received

Net cash tised in investing activities

Rcpayrrients of local currency loans

Repayment of consumer finance Repayment oflease liability

September 30, September 30,

2025 30$¥

Note -(Rupees la'000s

1J3II6#	4,914454
9,4t3,023	8,686468
(3.002,380)	(3.9&/,307)
(34S4.296}	(3,869,040)
(55,9S3)	(49.l3t)
(243,656)	(1,023.185)
1,264,415	4,449,873
(188,350)	212.049
190,795	107,454
(212.718)	(2,921,986)

4,882,008 6,Jl9,049

(@36.P65J		t5.9^J
t3+,933	)	(33,933}
9,122		28,7P3
1,898		l8,4d9

(5,854,167)	(2,366,609)
3,978
(69)
(22,I78)	(39.167)

(6/59,878) (5.941,I2I)

Net cash used in financing activities

(5,872,436)

(2,405,776j

Net (darcase) / increase in casJa and cash equivalents

Cash and cash equivalent at beginning of the period

(7,250,306)

(81,619,29d)

(1,827, t8)

(36,651,604)

Cash and cash equivalent at and of the period

(88,869,605)

(38,479,452)

The annexed notos 1 to 32 form an intcgml part of these unconsolidated condmscd interim financial

statemenn.

2025 3025

Property, plant and equipment

235489,542

23 03,374

Intangible assets

234,852

255,948

Right ofuse assets Deferred tax

Long term loans and advances

87,St8 I 1.140,782

541,554

I 83,117

101,639

I 1,067,233

4S4.109

193,309

4,671,702	4,357,324
4,043,619	3,915,698
261,690	249,970
141,130,075	t30,982,705
978,825	620,604
I,265,'797	810,794
929.131	68Z,659
675,597,939	681,590,342
50,514,442	51,327,204
129,223	129,223
4,230,385	2,92S,6H

Loog tcrta deposit and advances Total zzoa-carreat•asets

24,769 24.038 247,802,t34 244,299.650

Stores, spares and loose fools

Stock-in-trade

Customers' installation work-in-progress

Trade debts

Loans and advances

Advances, deposit and short term prepaymerits

Other receivables

Taxation - net

Sbort term tnvesenents

Cash and bank balances

'kota! correct aeests

883,752,828 &77.592.178

Total ascets

I,13I,5S4.862 1.l2l,t9l,828

The annexed noies 1 to 32 form an integral pan of these consolidated condensed interim financial

MMSONMWRNGASCOMPANYLMmvSD CDNROLIQATED€DNDEN8EDDNTRR0WST*TEMENTOPP{N*NCIALPOSITION 8SATWBTWMWR ]#25

g,957.341	I},049,039
4t,l13,I04	39,903,488
9,9d6,929	9,631,488
406,288	430,722
5,380.6t4	5,612,88 I
12.603,094	12.248,838
38,793	31,812
3,583.919	3,610,466

8,809.163

8,809,163

4,907,401

4.907,401

Swplus on re-irieasureiiient ofFVTOCI securities

S05,02J

417,582

Surplus on revaluation of property plant and equipment

60,742,638

64,742,638

Accumulated losses (61,944,448) (62.729.565)

Total equlty

13,019,781

12,I47,2I9

MABIMTTES

Secwity deposits

Employs benefits

Payable against transfer of pipeline

£kferred credit

I I

Cost liabilities

Lease liability

Long term a:lvances

Total ooa-current ItabMtles

82,310,082

82,518,734

Current liabilities

Current portion of long term financing

38.604,517

42,354,518

Current portion ofpayable usr transfer ofpipeline

92,447

Current portion ofdeferred credit If

665,812

573,451

Current portion ofcontract liabilities J2

319,700

33'4,269

Current portion lease liability

4,223

82,352

Short term borrowings I3

%,272,205

82,806,374

Trad• and other payables 14

%3,864,273

898,3t0,526

Unclaimed dividend

341,320

1,998,510

2,330,568

3'otal current liabilities Total fisbtlities

1,036,225,099 1.027 ,875

1,118,535,181 l.104,744,609

1,131.554,962 1.121,891.828

The annexed noies I to 32 form an integral part of these consolidated condensed interim financial statements.

SUI SOUTHERN GAS COMPANY LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS FOR THE QUARTER ENDED SEPTfiMBER 30, 2025

2025 2024

(Ua-Audited)

Note - (Rug in '000) -

ReenueâoeCodownfithCumm‹xs-GeSNes

104,l23,74ti

135,164,762

(10,526,450)

(17,952,763)

93,597,290

117,211,999

Less: Cost of gas sales

(92,846,538)

(112,172,552)

Gross profit

Less: Operating Expenses

750,752

5,039,447

Administrative and selling expenses

(1,927,642)

(l,832J36)

Other operating expenses

(89,382)

(268,939)

Allowance for expected credit loss

(2,f86,685)

(1,790,596)

(4,603,709)

(3,911,771)

(3,852.957)

1,127,676

9,tS3,540

7,596,806

5,300,583

8,724,482

Finance cost

(3.298,443)

(3,416.641)

Profit before levy and taxation

2,002,140

5,307,841

Minimum tax differential Final tax

Profit before taxation Taxation

Proflt for the period

(1,059,904)

(285)

(1,060,189)

941,951

22 (156,834)

785,117

(68,096)

(2,770)

(70,866)

5,236,975

(42,189)

5,194,786

23 5.90

The annexed notes 1 to 32 form an integral part of these consolidated condensed intuim financial statements.

Stll SOUTHERN GPS COMPANY LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OP COMPREHEJ BIVE INCOME FOB T8E QUARTfiR RNDED SZPTEMBBR 30, 2025

Othommpobn#viInmmo

hems that will not be reclassified to profit or loss in subsequent periods:

Quarter ended September 30, September 30,

202$ 202d

5,194,786

Unrealised profrt on re-meantrement of financial assets at .ter valte though

87,445

5,644

Total comprehensive income fot the period 562 5,200,430

The annexed notes 1 to 32 fomi an integral pan ofthese consolidated condensed inkrim financial aatcments.

SUI SOUTHERN GAS COMPANY LIMITED

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY

FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Issued,

Reserves

Surplzss on re-

Surplus ozi

subscribed aod paid-up

capital

measurement

Of FVTOC1

securities

revaluation of property plant and equipment

Accuroalated losses

Total

Capital reserves

Revenue

reserves

-- ---(Rupees in '000)- --

Balance as at July I. 2024 (Audited)

Tntal comprehensive income for lhe quarter ended September 30, 2024

Profit for the period

Other comprehensi've income for the period Total comprehensive incrime for the period Balance as at September .10, 2024

Balance as at July 1, 2025 (Audited)

8,809, 163 234,868 4,672,533

				-	5,194,786	5,194,786
			5,644	-		5,644

8,809,163 234,868 4,672,533

8,809,163 234,868 4.672,533

220,178 60,742,638 (65,629, 182) 9,050, 198

5,644 - 5,194,736 5,200,430

225,822 60,742,638 (60,434,396) 14,250,628

4I 7,582 60,742,638 (62,729,565) 12,I 47,2! °

Total comprehensive income for the quarter

ended September 30, 202'i Profit for the period

Other comprehensi ve income for the period Total comprehensive income for the period Balance as at September 30. 2025

87.445

785,117

87,445

- - - 87,445 - 785,117 872,562

8.809.163 34 68 672533 505.027 60.742,638 (61,944,448) 0 9 78

The snnexed notes 1 to 32 form an integral part c›f these consolidated condensed interim financial statements.

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CONSOLIDATED CONDENSED INTERIM STATE 'RENT OF CASH FLOW

row raz our case szrrensa in,2ots

âeg#mBoz]O, âope#obrr0Q 2025 20T4

Profit beforo levy and taxailon Adjustments for non-cash and other items Working capital changes Finimlc5sgnpdd

Employee betufits paid

Peyiaent for mirmmt benefits Longtonti deposit received - net Loans azd advances to employees - net

Interest income andreturn on km deposits received

Ircome taxes paid

Net cash generated from operafing activities

Payments for property, plant and equipment Payments against transfer of pipeline

Dividend received

Net cash used in investing activities

2,002,140	5,307,841
9,484,124	8,741,298
(2.243.081)	(4,699,595)
(3.5S7.322)	(3,863,660)
(55,992)	(48,703)
(243,656)	tl.m3,l84)
I,268,885	4.462,170
(348,029)	52,763
179,29fi	117,163
(477,80t)	(3,054,229)

6,0tt8,551 5.991,864

(6$74303)	(60M95)
(33,933)	(33933)
9,122	29.054
1898	8469

(6,297R16) (6,010,361)

RcpaymmD of meal cwrmcy ioaas		(5.854.167)	( ,609)
Proceeds from consumer finar<>		3,978
Repayment of consuater finance		(69)
Repayment of lease liability		(22.178)	(39,383)
Net cash used in fiaaocing ativities		(5,872,436)	(2.405,992)
Net decrease in cash and cash equivalent		(6,161,101)	(2,424,489)
Cash and cash equivalents at beginning of the period		(79,880.7J9)	(35.639,261)
Cash and cash equivalent at crd of the period	26	(86,041,820)	(38,063.750)

The annexed notes 1 to 32 form an integral part of these consolidated condensed interim financial