Transmission of Quarterly Report for the Period Ended 31 March 2026

Unconsolidated Condensed Interim Financial Information (Un-Audited) for the nine months period ended March 31, 2026

AS ON MARCH 31, 2026

Mr. Asif Inam Chairman

Mr. Mirza Nasiruddin Mashhood Ahmad Director Ms. Saira Najeeb Ahmed Director

Mr. Muhammad Dawood Bazai Director

Mr. Muhammad Ali Khan Director

Mr. Muhammad Rehan Hashmi Director

Mr. Muhammad Akram Director

Mr. Khalid Rahman Director

Ms. Salima Amin Feerasta Director

Mr. Navaid Hasib Malik Director

Mr. Zuhair Siddiqui Director

MANAGING DIRECTOR

Mr. Amin Rajput

COMPANY SECRETARY

Mr. Fawad Ahmed Khan

AUDITORS

M/s. BDO Ebrahim & Co., Chartered Accountants

LEGAL ADVISOR

M/s. Liaquat Merchant Associates (LMA)

REGISTERED OFFICE

SSGC House Sir Shah Suleman Road

Gulshan-e-Iqbal, Block 14, Karachi - 75300, Pakistan

CONTACT DETAILS

Ph: 92-21-99021000

Fax: 92-21-99224279

Email: info@ssgc.com.pk Web: https://www.ssgc.com.pk

SHARE REGISTRAR

CDC Share Registrar Services Limited, CDC House, 99-B, Block B, SMCHS,

Main Sharah-e-Faisal, Karachi. Ph: 021-111-111-500

As on March 31, 2026

Board Human Resource and Remuneration & Nomination Committee

Mr. Asif Inam Chairman

Ms.Saira Najeeb Ahmed Member Mr. Mirza Nasiruddin Mashhood Ahmad Member Mr. Navaid Hasib Malik Member

Ms. Salima Amin Feerasta Member

Mr. Muhammad Dawood Bazai Member

Board Finance and Procurement Committee

Ms. Saira Najeeb Ahmed Chairperson

Mr. Khalid Rahman Member

Mr. Navaid H. Malik Member Mr. Mirza Nasiruddin Mashhood Ahmad Member Ms. Salima Amin Feerasta Member

Board Audit Committee

Mr. Khalid Rahman Chairman

Ms.Saira Najeeb Ahmed Member Mr. Mirza Nasiruddin Mashhood Ahmad Member Ms. Salima Amin Feerasta Member

Mr. Zuhair Siddiqui Member

Board Risk Management, Litigation and HSEQA Committee

Mr. Muhammad Rehan Hashmi Chairman

Mr. Muhammad Dawood Bazai Member

Mr. Navaid Hasib Malik Member

Mr. Khalid Rahman Member

Mr. Muhammad Akram Member

Ms. Salima Amin Feerasta Member

Special Committee of Directors on UFG

Mr. Zuhair Siddiqui Chairman Mr. Mirza Nasiruddin Mashhood Ahmad Member Mr. Muhammad Dawood Bazai Member

Mr. Muhammad Ali Khan Member

Mr. Muhammad Rehan Hashmi Member

Mr. Muhammad Akram Member

For Nine Months Period Ended March 31, 2026 Financial Overview

The Board of Directors of SSGC is pleased to present the interim financial statements for the period ended March 31, 2026.

During the period, SSGC maintained the already achieved improvement in operational performance and financial recovery. The Key highlight was the Profit despite strict challenges in gas supplies depleting conditions due to drastic reduction in bulk business (Captive Power Plants) as well as abundant supply of gas to domestic sector in winter particularly in Balochistan, reflecting commitment to operational discipline and business ethics. The Company reported a Profit after Tax of Rs. 175 million and Earnings per Share of Rs. 0.20.

Financial Highlights

Despite challenging operating environment, SSGC's strategic focus on enhancing operational efficiencies has led to remarkable improvements in UFG metrics. Over the period from FY 2018-19 to FY 2024-25, SSGC achieved a cumulative reduction of approximately 42 BCF in UFG, demonstrating consistent efforts to address operational challenges.

During July-March FY 2025-26, UFG performance was influenced by structural changes in the gas supply and demand dynamics. Indigenous gas supplies declined from 710 last year to currently less than 650 MMCFD, while sales to the captive power sector reduced significantly by 60% (from 200 to 80 MMCFD), primarily due to the imposition of an additional off-grid levy, which has been gradually increased to align with peak power tariffs (up to 120%).

Furthermore, the overall power sector witnessed a reduction of around 58% in gas offtake, driven by the increased availability of comparatively cheaper grid electricity under the prevailing merit order. As a result, a larger proportion of gas volumes was diverted towards the domestic sector, which inherently carries higher loss characteristics. This shift has exerted upward pressure on UFG levels, especially in percentage terms.

During the period, volumetric UFG increased by 2.8 BCF compared to the corresponding period last year, rising to 26.47 BCF (July-March FY 2025-26) from 23.69 BCF (July-March FY 2024-25). However, due to the significant decline in indigenous gas supplies, UFG as a percentage increased to 13.51% (compared to 12.86% in the same period last year).

It is pertinent to note that this increase is largely attributable to increasing gas theft in the domestic sector, driven by rapid migration to Karachi and the expansion of residential developments particularly in the city's outskirts along with the imposition of a moratorium on new domestic gas connections and a substantial increase in natural gas tariffs. Offenders are increasingly tapping high-pressure Transmission and Distribution (this phenomena has no precedence in SSGC's history) main pipelines to secure an uninterrupted gas supply without restrictions during night time closures. In many cases, such connections are also being used for unauthorized electricity generation by local mafias to offset extended load shedding by K-Electric in these localities.

Recognizing the direct impact of UFG on financial performance, the Board, in close coordination with management, continues to actively support targeted UFG reduction initiatives. The Company remains focused on executing structured and data-driven measures to enhance system integrity and operational efficiency, with the objective of achieving net UFG reduction by the end of FY 2025-26 in both volumetric and percentage terms.

Profitability and Financial Adjustments

SSGC's profitability is primarily derived from the Guaranteed Return Formula prescribed by OGRA, which is based on the Weighted Average Cost of Capital (WACC). However, adjustments related to efficiency benchmarks, including UFG, Human Resource Benchmark Costs, and Provision for Doubtful Debts, impact the bottom line.

The Weighted Average Cost of Gas (WACOG), largely based on USD, has been a significant factor in the Company's financial challenges. During the period, the WACOG increased by 3.2%, from Rs. 1,107.18 per MCF to Rs. 1,142.36 per MCF, resulting in incremental UFG disallowance of Rs. 465 million.

In line with OGRA's determination for FY 2024-25 issued on October 06, 2025, UFG disallowance absorbed in this quarter

amounted to Rs. 15,122 million (March 2025: Rs. 10,935 million). Finance cost for the period was Rs. 12,245 million (March 2025: Rs. 8,911 million).

Operational Enhancements

SSGC's steadfast commitment to deliver optimum gas supplies to its customers and minimizing UFG losses through the following measures;

SSGC has consistently enhanced its organizational structure by implementing measures such as upskilling, training, and optimizing resource utilization. The Small Business Unit (SBU) model, already operational and now been expanded across the franchise area.

The gas supplies to JJVL plant are started in November 2025.

Major Projects and Future Outlook

SSGC remains committed to achieving operational and financial sustainability. Key projects and initiatives include:

• Rehabilitation: Annual target of 2,500 km has been set and being pursued diligently for FY 2025-26, an, with monthly progress exceeding 200 km under close monitoring. During July-March 2026, around 1,600 km of the distribution network was rehabilitated across key areas including Malir, North Karachi, North Nazimabad, F.B. Area, and towns & cities of Upper Sindh. Killing of old networks has been completed in Garden, North Nazimabad, Lyari, and North Karachi and customer tagging and segmentation in rehabilitated areas have been finalized with monthly gas reconciliation.

• Gas Theft: massive raids on theft connections have been carried out, resulting in a cumulative gas volume claim of 3,397 MMCF on Supply Mains. In addition, 63,800 locations have been disconnected involving direct theft.

• Pressure Management and Customer Service: Pressure management has been significantly improved through network segmentation and Automation of TBSs. Customer service standards have also been enhanced, with 90+ percent of low-pressure complaints resolved during the period. Despite non-availability of RLNG because of War situation, the operational team is effectively managing the limited natural gas supplies without closure in any sector except CNG000. On the other hand, the gas requirements of Power & Fertilizer sectors are being met diligently with limited availability of gas due to the reasons explained herein above.

• Technology and Innovation: SSGC is continuous exploring new initiatives in detecting gas leakages with more precision and accuracy and locating underground buried synthetic/ PE pipelines. The Purchase Orders have been issued for the Mobile Gas Leak Detection system with ethane and methane selectivity and synthetic pipeline locators, along with the TBS and SMS Automation and Control System (Phase II) covering 47 Town Border Stations and 16 Sales Meter Stations.

• GIS Dashboard: GIS Dashboard for UFG Analysis has been successfully upgraded with a refreshed interface and enhanced performance. This upgrade has been implemented in response to valuable user feedback and requests. The dashboard has been significantly redesigned to provide a smoother and more intuitive user experience. Key enhancements include a more user-friendly layout, faster response times, and improved visual design to support efficient analysis and informed decision-making.

• Billing Improvements: Surveys of suspected gas meters have been conducted to identify faulty Meters and enhance domestic sales. In addition, technology-based billing mobile dashboards have been developed to monitor live meter readings and analyze billing data, theft detection and meter readers performance enabling timely identification and resolution of shortcomings.

Acknowledgments

The Board extends its gratitude to the shareholders, valued customers, and employees for their unwavering support and dedication. We also acknowledge the guidance and assistance provided by the Government of Pakistan, the Ministry of Energy (Petroleum Division), and OGRA in enabling the Company to achieve its objectives.

On behalf of the Board.

Asif Inam

Chairperson

Dated: April 29, 2026

Place: Karachi

M. Amin Rajput

Managing Director

CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

As at March 31, 2026

The annexed notes 1 to 33 form an integral part of these condensed unconsolidated interim financial statements.

Asif Inam

Chairman

Muhammad Amin Rajput

Managing Director

Wajeeh Uddin Sheikh

CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

Aa at March 31, 2026 March 31, June 30,

2026 2025

(Unaudited) (Audited) Note --------(Rupees in '000)--------

EQUITY AND LIABILITIES

The annexed notes 1 to 33 form an integral part of these condensed unconsolidated interim financial statements.

Asif Inam

Chairman

Muhammad Amin Rajput

Managing Director

Wajeeh Uddin Sheikh

CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF PROFIT OR LOSS

For the Nine Months Period ended March 31, 2026 (Unaudited)

Nine months period ended Quarter ended

Revenue from contracts with customers - Gas sales

Note

17

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

Tariff adjustments 18

Net revenue

Cost of revenue 19

Gross profit / (loss)

Administrative and selling expenses

Other operating expenses 20

Allowance for expected credit loss

Other income 21

Operating profit Finance cost

Profit / (loss) before levy and taxation Levy

Minimum tax differential Final tax

Profit / (loss) before taxation

Taxation 22

Profit for the period

Earning / (loss) per share - basic and diluted (Rupees) 23

The annexed notes 1 to 33 form an integral part of these condensed unconsolidated interim financial statements.

Asif Inam

Chairman

Muhammad Amin Rajput

Managing Director

Wajeeh Uddin Sheikh

CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME

For the Nine Months Period ended March 31, 2026 (Unaudited)

Nine months period ended Quarter ended

March 31, March 31, March 31, March 31,

2026 2025 2026 2025

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

The annexed notes 1 to 33 form an integral part of these condensed unconsolidated interim financial statements.

Asif Inam

Chairman

Muhammad Amin Rajput

Managing Director

Wajeeh Uddin Sheikh

CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

For the Nine Months Period ended March 31, 2026 (Unaudited)

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

The annexed notes 1 to 33 form an integral part of these condensed unconsolidated interim financial statements.

Asif Inam

Chairman

Muhammad Amin Rajput

Managing Director

Wajeeh Uddin Sheikh

CONDENSED UNCONSOLIDATED INTERIM STATEMENT OF CASH FLOW

For the Nine Months Period ended March 31, 2026 (Unaudited)

CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxation

Nine months period ended March 31, March 31,

2026 2025

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

Cash generated from operations 24

Financial charges paid

Employee benefits - post-retirement medical benefit Payment for retirement benefits

Long term deposits

Loans and advances to employees Interest income received

Income taxes paid

Net cash generated from / (used in) operating activities

CASH FLOW FROM INVESTING ACTIVITIES

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

Proceeds from sale of property, plant and equipment Dividend received

Net cash (used in) investing activities

CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from loans Repayments of loans

Proceeds from consumer finance Repayment of consumer finance Dividend paid

Repayment of lease liability

Net cash (used in) / generated from financing activities Net decrease in cash and cash equivalents

Cash and cash equivalents at beginning of the period

Cash and cash equivalents at end of the period 25

The annexed notes 1 to 33 form an integral part of these condensed unconsolidated interim financial statements.

Asif Inam

Chairman

Muhammad Amin Rajput

Managing Director

Wajeeh Uddin Sheikh

NOTES TO THE CONDENSED UNCONSOLIDATED INTERIM FINANCIAL STATEMENTS

For the Nine Months Period ended March 31, 2026 (Unaudited)

1. STATUS AND NATURE OF BUSINESS

   1. Sui Southern Gas Company Limited ("the Company") is a public limited Company incorporated in Pakistan under the Companies Act, 2017 (repealed Companies Ordinance, 1984) and is listed on Pakistan Stock Exchange. The Company came into being on March 30, 1989 after the amalgamation of Karachi Gas Company, Indus Gas Company and Sui Gas Transmission Company. The main activity of the Company is transmission and distribution of natural gas in Sindh and Balochistan. The Company is also engaged in certain activities related to the gas business including the manufacturing and sale of gas meters, LPG air mix and construction contracts for laying of pipelines.

      These condensed unconsolidated interim financial statements are separate then condensed consolidated interim financial statements of the Company in which investment in subsidiary has been accounted for at cost less accumulated impairment losses, if any.

      The registered office of the Company is situated at SSGC House, Sir Shah Muhammad Suleman Road, ST-4/B, Block 14, Gulshan- e-Iqbal, Karachi. The meter manufacturing plant is situated at its' registered office.

      Region Address

      Karachi West Karachi East Karachi

      Hyderabad Nawabshah Sukkur Larkana Quetta

      Plot No. F-36 and F-37 SITE Area, Karachi.

      Plot # 21/1, Sector 22, Korangi Industrial Area, Karachi.

      SSGC Karachi Terminal opposite Safari Park Main University Road, Karachi.

      Opposite New Eidgah, National Highway Qasimabad, Hyderabad. Near Sikandar Art Gallery Housing Society, Nawabshah.

      Golimar Road, SITE area, Sukkur.

      Near Shaikh Zaid Women Hospital, Larkana. Samungli Road, Quetta.

   2. Regulatory framework

Under the provisions of license given by the Oil and Gas Regulatory Authority (OGRA) under the OGRA Ordinance, 2002, the Company is provided with a minimum annual return before taxation based on Weighted Average Cost of Capital ('WACC') from the year 2019 in place of the fixed rate of return of the average operating assets excluding interest, other non-operating expenses and non-operating income from the reference figures.

The determination of annual required return is reviewed by OGRA, under the terms of the license for transmission, distribution and sale of natural gas, targets and parameters set by OGRA. Income earned in excess / (short) of the above guaranteed return is payable to / recoverable from the Government of Pakistan (GoP).

1. BASIS FOR PREPARATION

   1. Statement of compliance

      These condensed unconsolidated interim financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of;

      -International Accounting Standard (IAS) 34, ''Interim Financial Reporting'', issued by the International Accounting Standard Board (IASB) as notified under the Companies Act, 2017;

      -Provisions of, directives and notifications issued under the Companies Act, 2017; and

      -Provisions of the State-Owned Enterprises (Governance and Operations) Act, 2023 (the SOE Act) and the State-Owned Enterprises Ownership and Management Policy, 2023 (the SOE Policy) and the directives issued thereunder.

      Where provisions of directives and notifications issued under the Companies Act, 2017 and State-Owned Enterprises (Governance and Operations) Act, 2023 differ from the requirements of IAS 34, the provisions of, directives and notifications issued under the Companies Act, 2017 and State-Owned Enterprises (Governance and Operations) Act, 2023 have been followed.

      In case requirements of the SOE Act or the SOE Policy or the directives issued thereunder differ from the Companies Act, 2017, the provisions of the SOE Act or the SOE Policy or the directives issued thereunder shall prevail. Further, where the requirements of the SOE Act and the SOE Policy or the directives issued thereunder differ from the requirements of IAS 34, the provisions of the SOE Act or the SOE Policy or the directives issued thereunder shall prevail to the extent of such difference.

      These condensed unconsolidated interim financial statements are unaudited and are being submitted to the shareholders as required under section 237 of the Act. These condensed unconsolidated interim financial statements do not include all the information and disclosures required in the annual unconsolidated financial statements, and should be read in conjunction with the annual unconsolidated financial statements of the Company as at and for the year ended June 30, 2025.

      However selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Company's financial position and performance since the last unconsolidated annual financial statements.

   2. Basis of measurement

      These condensed unconsolidated interim financial statements have been prepared under the historical cost convention unless stated otherwise.

   3. Functional and presentation currency

      These condensed unconsolidated interim financial statements have been presented in Pakistani Rupee, which is the functional and presentation currency of the Company.

2. MATERIAL ACCOUNTING POLICY INFORMATION

   The material accounting policies adopted for the preparation of these condensed unconsolidated interim financial statements are the same as those applied in the preparation of the Company's annual unconsolidated financial statements as at and for the year ended June 30, 2025.

   1. Changes in accounting standards, interpretations and amendments to accounting and reporting standards

      1. Standards, amendments and interpretations to approved accounting standards that are effective during the period ended March 31, 2026

         Certain standards, amendments and interpretations to approved accounting standards are effective for annual accounting periods beginning on January 01, 2025, but are considered not to be relevant or did not have any significant effect on the Company's operations and are, therefore, not detailed in these condensed unconsolidated interim financial statements.

      2. Standards, amendments and interpretations to existing approved accounting standards that are not yet effective and have not been early adopted by the Company

      There are certain standards, amendments and interpretation to the approved accounting standards that are mandatory for the Company's annual accounting periods beginning on or after January 01, 2026, but are considered not to be relevant or expected to have any significant effect on the Company's operations and are, therefore, not detailed in these condensed unconsolidated interim financial statements.

   2. Non-Compliance with IFRS 14 Regulatory Deferral Accounts

      In terms of SECP's Notification S.R.O.1480 (1)/2019 dated July 01, 2019, the Company was granted exemption from the requirements of IFRS 14 Regulatory Deferral Accounts which was further extended from time to time and the latest exemption was available till June 30, 2024 vide its letter SMD/PRDD/Comp/(4)/2021/168 dated December 03, 2024.

      The Company has taken up the matter of further extension with the concerned authorities, however, as of reporting date, the exemption is not available accordingly, the Company has not incorporated any adjustment and / or presentation and disclosure requirements as laid down under IFRS 14 in these condensed unconsolidated interim financial statements.

3. SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS

   In the preparation of the condensed unconsolidated interim financial statements in conformity with the accounting and reporting standards as applicable in Pakistan requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities and incomes and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revision to estimates are recognised prospectively. In preparing these condensed unconsolidated interim financial statements, the significant judgments made by the management in applying the Company's accounting policies and the key sources of estimation uncertainty were the same as those that were applied to the unconsolidated financial statements as at and for the year ended June 30, 2025.

   Note

   March 31, June 30,

   2026 2025

   (Unaudited) (Audited)

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

4. PROPERTY, PLANT AND EQUIPMENT

   217,860,946 26,668,353	215,010,277 13,645,841
   244,529,299	228,656,118
   215,010,277 11,574,860	189,159,124 36,643,232
   226,585,137	225,802,356
   (23,972)	(520,681)
   (8,700,219)	(10,271,398)
   217,860,946	215,010,277

   Operating fixed assets 5.1

   Capital work-in-progress 5.4

   1. Following is the movement in operating fixed assets during the period / year:

      Operating fixed assets (WDV) - opening balance Add: Additions (including transfers from CWIP)

      during the period / year 5.2

      Less: Disposals during the period / year (WDV) 5.3

      Depreciation charge for the period / year Operating fixed assets (WDV) - closing balance

   3. Following additions were made during the period / year in operating fixed asset:

      Freehold land Leasehold land

      Buildings on leasehold land Gas transmission pipeline Gas distribution system Telecommunication

      Plant and machinery Tools and equipment Compressors

      Motor vehicles Furniture and fixture Office equipment

      Computer and ancillary equipment

      Supervisory control and data acquisition system

      Disposal during the period / year - WDV

      Gas distribution system Telecommunication Plant and machinery Tools and equipment Motor vehicles

      Note

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

      12,309	-
      -	392,909
      19,225	259,998
      393,277	4,098,943
      8,973,857	29,262,603
      44,380	14,138
      525,528	1,268,821
      19,160	24,621
      953,124	411,022
      525,778	330,506
      18,608	4,832
      34,947	68,164
      37,439	506,675
      17,228	-
      11,574,860	36,643,232
      -	495,447
      534	112
      2,004	5,311
      -	21
      21,434	19,791
      23,972	520,681
      12,325,360	4,709,312
      255,526	93,259
      1,197,369	743,738
      13,778,255	5,546,309
      13,078,060	8,287,498
      264,590	264,586
      13,342,650	8,552,084
      (452,552)	(452,552)
      26,668,353	13,645,841

   4. Capital work in progress

      Projects:

      Gas distribution system Gas transmission system

      Cost of buildings under construction and others

      Stores and spares held for capital projects - net 5.4.2

      LPG air mix plant

      Less: Impairment of capital work in progress

      1. Additions to capital expenditures incurred during the period amounting to Rs. 24,101 million (June 2025: Rs. 33,336 million).

         5.4.2 Stores and spares held for capital projects Note

         Stores and spares held for capital projects Less: Provision for impairment

5. LONG TERM INVESTMENTS

   At cost

   Investment in subsidiary 6.1

   At fair value through other comprehensive income Associate and other investments 6.2

   1. Investment in subsidiaries

      SSGC LPG Limited

      100,000,000 (2025: 100,000,000)

      ordinary shares of Rs. 10 each (wholly owned subsidiary)

      Unwinding effect of interest free loan SSGC Alternate Energy (Private) Limited

      2,000,000 (2025: 2,000,000) ordinary shares of Rs. 10 each

      (wholly owned subsidiary)

   2. Investment - at fair value through other comprehensive income Investment in related parties

      Sui Northern Gas Pipelines Limited

      2,414,174 (June 2025: 2,414,174) ordinary shares of Rs. 10 each Pakistan Refinery Limited

      3,150,000 (June 2025: 3,150,000) ordinary shares of Rs. 10 each

      Other investments

      United Bank Limited

      237,256 (June 2025: 237,256) ordinary shares of Rs. 10 each

      March 31, June 30,

      2026 2025

      (Unaudited) (Audited)

      13,598,984 (520,924)	8,766,016 (478,518)
      13,078,060	8,287,498
      1,102,278 381,350	1,102,278 454,109
      1,483,628	1,556,387
      1,000,000	1,000,000
      82,278	82,278
      20,000	20,000
      1,102,278	1,102,278
      213,920	281,758
      88,673	106,880
      78,757	65,471
      381,350	454,109

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

6. TRADE DEBTS

   Considered good

   -secured

   -unsecured Considered doubtful

   Note

   7.1 & 7.2

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

   49,027,622	38,969,911
   83,097,330	91,734,862
   132,124,952	130,704,773
   41,270,233	33,161,685
   173,395,185	163,866,458
   (41,270,233)	(33,161,685)
   132,124,952	130,704,773

   Less: Allowance for expected credit loss 7.3

   1. It includes receivable from K-Electric Limited (KE) related to the sale of indigenous gas amounting to Rs. 26,289 million being a long outstanding balance (June 2025: Rs. 26,289 million), excluding Gas Infrastructure Development Cess (GIDC).

      As KE has been continuously defaulting and not making principle as well as LPS payment, the Company filed a suit against KE in the Honorable High Court of Sindh (HCS) in November 2012, for recovery of Rs. 55,705 million including principal outstanding amounting to Rs. 45,705 million on account of the supply of gas and Rs. 10,000 million on account of LPS. In addition, KE has also filed a case against the Company in the HCS for recovery of damages/losses of Rs. 61,614 million as KE claimed that the Company had not supplied the committed quantity of natural gas to KE.

      The above suit has been filed based as per the agreement dated June 30, 2009 which was entered between the Company and KE for making outstanding payment in 18 installments. The Company was entitled to charge LPS on outstanding principal amount at rate highest of:

      1. OD rate being paid by the Company; or

      2. rate at which interest is payable on gas producer bills.

      Despite the agreement, KE continuously defaulted on installment payments, and the Company therefore charged LPS up to June 2016. However, in line with opinions from firms of Chartered Accountants, the management decided to recognize LPS on a receipt basis effective from July 1, 2012, and accordingly reversed the LPS income that had been recognized from June 30, 2012 onwards.

      However, the Company maintains a memorandum records which indicate an aggregate LPS income of Rs. 219,507 million (June 2025: Rs.202,744 million) including LPS income for the period ended March 31, 2026 of Rs. 16,763 million (June 2025: Rs. 24,048 million) which has not been recognized in these unconsolidated financial statements. As of the reporting date, the aggregate claim on account of disputed balances works out to be Rs. 249,159 million (including GIDC of Rs. 3,363 million).

      In view of the legal counsel of the Company, the management considers outstanding balance as good and recoverable. The legal counsel also viewed that the Company has a valid claim over LPS on outstanding balance, but considering that the matter is in dispute, as discussed above, the Company has decided to recognize LPS from KE when either such claimed amounts are recovered or when these are decreed and their recovery is assured.

      In March, 2014, the Company signed a payment plan with KE in order to streamline the payment modalities in relation to current monthly bills and old outstanding principal amount, in which the issue of LPS was not addressed. The plan expired on March 31, 2015, and first addendum was included to the original payment plan effective from April 01, 2015 to March 31, 2016. Upon expiry, the second addendum was included to the original payment plan on June 18, 2016 effective from April 01, 2016 to March 31, 2017. Currently, management is in the process of negotiating a payment plan, which has not been finalized till the filing of these unconsolidated financial statements but the supply of gas and payment is continuing as per old plan.

      In June 2022, a Task Force was constituted by the then Prime Minister to resolve issues/disputes related to KE. During their meetings, it was decided to enter into a multi-party Mediation Agreement in order to resolve KE's receivables and payables issues between all the stakeholders. Accordingly, after deliberations, a Mediation Agreement has been executed between the Stakeholders. The Federal Cabinet also ratified the decision and the Mediation Agreement was also cleared by Law & Justice Division.

      The parties then submitted their respective claims with the Mediator. First mediation meeting was held in May 2024 which was attended by all the parties except Karachi Water Sewerage Board which refused to join the mediation process and did not attend the proceedings. During the course of second meeting which was held on August 15, 2024, the counsel for Central Power Purchasing Authority (CPPA-G), National Transmission and Dispatch Company (NTDC) and Government of Pakistan informed the Mediator that the time period provided in the Mediation Agreement for rendering an opinion by the Mediator has lapsed (which was sixty

      (60) days from the date of appointment of Mediator, extendable by a further thirty (30) days).

      As a result, Ministry of Energy (MoE) vide letter dated September 18, 2024, shared a draft summary to be moved by the Power Division for the consideration and approval of the Economic Coordination Committee (ECC) regarding extension on the period of determination by the Mediator for a further period of sixty (60) days. In this respect, the Company shared its views / comments on the draft ECC summary, that any further extensions can be done with mutual consent by all the parties.

      In view of the above, ECC vide its decision dated February 03, 2025 has approved the summary / proposal of Power Division to amend the Mediation Agreement to provide for a further period of ninety (90) days from the date of approval for concluding the Mediation process.

      Subsequently, the Mediator held several meetings with the stakeholders; however, the Mediator vide its letter dated June 05, 2025 submitted that the mediation proceedings were concluded on the note that a mutually acceptable agreement in a collaborative and consensual manner is not possible. As such the mediation was formally closed without settlement.

      1. It includes receivables from Pakistan Steel Mills Corporation Limited (PSML) amounting to Rs. 21,770 million (excluding GIDC of Rs. 2,664 million) (June, 2025: Rs. 21,770 million) which includes a LPS of Rs. 2,051 million (June, 2025: Rs. 2,051 million) receivable against sale of indigenous gas. This includes an overdue amount of Rs. 21,770 million (June, 2025: Rs. 21,770 million) excluding GIDC.

         The PSML has been defaulting and not making payments of principal as well as LPS, therefore Company charged LPS up to June 2016. However, in line with opinions from firms of Chartered Accountants, the management decided to recognize LPS on a receipt basis effective from July 1, 2012, and accordingly reversed the LPS income that had been recognized from June 30, 2012 onwards.

         However, the Company maintains a memorandum account showing aggregate LPS income of Rs. 75,231 million (June 2025: Rs. 75,231 million) which has not been recognized in the unconsolidated financial statements. However in July 2024, gas supply to PSML has been disconnected, therefore, no LPS recorded in the memorandum account after July 2024. The aggregate legal claim of Rs. 99,665 million including Rs. 2,664 million GIDC.

         The Company filed a suit in the HCS in April 2016, for recovery of its outstanding amount of gas bills and LPS aggregate claim amounting to Rs. 41,354 million up to February 2016.

         On April, 2016, the HCS passed an order restraining PSML from creating any third party interest in relation to its assets including but not limited to immovable assets owned by it upto the extent of this amount.

         PSML has filed its counter claim approximately of Rs. 38,660 million on account of losses due to low gas pressure provided to PSML from March 2015 to December 2016. Legal counsel of the Company is of the view that due to vagaries of litigation nothing could be expressed with any degree of certainty in the contested matters.

         Currently, PSML's financial position is adverse, and has no capacity to repay its obligations on its own, therefore, the entire amount as appeared in books of account was claimed from OGRA in the determination of Final Revenue Requirement (FRR) FY 2024-25 of the Company. OGRA in its decision directed the Company to take up the matter of PSML's outstanding balances with the Federal Government (FG) for a comprehensive resolution.

         March 31, June 30,

         2026 2025

         (Un-audited) (Audited)

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

      2. The movement in allowance for expected credit loss is as follows:

      Opening balance

      Provision made during the period / year Closing balance

      27,445,368

      33,161,685

      8,108,548

      41,270,233

5,716,317

33,161,685

1. INTEREST ACCRUED Note

March 31, June 30,

2026 2025

(Un-audited) (Audited)

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

Note

March 31, June 30,

2026 2025

(Un-audited) (Audited)

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

1. LONG TERM FINANCING

   Secured

   Banking companies Unsecured

   Customer finance Government of Sindh

   Note

   10.1, 10.2,

   10.3 & 10.4

   March 31, June 30,

   2026 2025

   (Unaudited) (Audited)

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

   39,317,702	52,343,412
   124,008 940,000	120,145 940,000
   1,064,008 40,381,710	1,060,145 53,403,557
   (28,583,333)	(42,166,667)
   (1,184)	(1,184)
   (186,667)	(186,667)
   (28,771,184)	(42,354,518)
   11,610,526	11,049,039

   Less: current portion shown under current liabilities Banking companies

   Customer finance

   Loans from Government of Sindh

   1. This includes a long term finance facility amounting to Rs. 21,000 million was sanctioned in March 2022 from a syndicate of banks. This financial arrangement has been secured by GoP guarantee.

   2. This includes finance facility amounting to Rs. 15,000 million was sanctioned in December 2022 from a syndicate of banks.

   3. This include finance facility amounting to Rs. 15,000 million was sanctioned in May 2024 by the bank.

   4. This include finance facility amounting to Rs. 20,000 million was sanctioned in March 2025 by the bank.

   5. These loans / financial arrangements are secured by pari passu charge by way of hypothecation on all present and future movable fixed assets of the Company comprising of compressor stations, transmission and distribution pipelines, pipeline under construction, machinery and equipment.

Note

March 31, June 30,

2026 2025

(Unaudited) (Audited)

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

March 31, June 30,

2026 2025

(Unaudited) (Audited) Note -----------(Rupees in '000)-----------

1. CONTRACT LIABILITIES

   Contribution from customers Advance received from customers

   1. &12.2

3,973,789

8,275,049

12,248,838

12.1 This represents amount received from the consumers as contribution towards the cost of supplying and laying transmission, service and main lines.

Tariff adjustments RLNG - payable to GoP

Note

March 31, June 30,

2026 2025

(Unaudited) (Audited)

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

Short term borrowing from financial institutions - secured

82,806,374

March 31, June 30,

2026 2025

(Unaudited) (Audited)

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

1. CONTINGENCIES AND COMMITMENTS

   1. There is no significant change in contingencies from the preceding audited unconsolidated financial statements of the Company for the year ended June 30, 2025, except for the following:

      1. As disclosed in note 7.1, the management has reversed Late Payment Surcharge (LPS) expense with effect from July 01, 2012 to June 30, 2016 amounting to Rs. 26,222 million on Government Controlled E&P Companies liabilities and ceased to record LPS expense for the year / period ended June 30, 2017, June 30, 2018, June 30, 2019, June 30, 2020, June 30,

         2021, June 30, 2022, June 30, 2023, June 30, 2024, June 30, 2025 and nine months period

         ended March 31, 2026 amounting to Rs. 7,569 million, Rs. 7,477 million, Rs. 10,525 million,

         Rs. 26,335 million, Rs 25,939 million, Rs. 27,921 million, Rs. 44,303 million, Rs. 99,005 million, Rs. 95,359 million and Rs 83,054 million, respectively in these unconsolidated financial statements. The Company will record and pay such LPS in the period when it receives LPS on amount receivable from KE and PSML.

      2. The Company is subject to various other claims totaling Rs. 8,760 million by income tax and sales tax authorities. The management is confident that ultimately these claims would not be payable.

      3. There are several other pending litigations in the nature of billing disputes, employees disputes and related matters in which the Company is defendant / respondent. The management, based on the view of the in-house legal advisor, is of the view that the aggregate exposure in all the said cases is not material to the Company. Accordingly, no provision has been made in these unconsolidated financial statements.

      4. The Company has an aggregate disputed difference of Rs. 10,661 million with Sui Northern Gas Pipelines Limited (SNGPL) on account of tariff differential. The management is in the process of sorting out such difference and does not anticipate any adverse consequences, accordingly no provision has been made in these unconsolidated financial statements for eventual liability.

         March 31,		June 30,
         2026		2025
         (Unaudited)		(Audited)
         --------(Rupees in '000)--------
         16.2 Claims against the Company not acknowledged as debt	4,735,927	4,244,716
         16.3 Commitments
         16.3.1 Guarantees issued on behalf of the Company	11,441,048	11,305,845
         16.3.2 Commitments for capital and other expenditure	8,326,897	6,439,971

         Nine months period ended Quarter ended

         Note

         March 31, March 31, March 31, March 31,

         2026 2025 2026 2025

         (Unaudited)

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

2. REVENUE FROM CONTRACTS WITH CUSTOMERS - GAS SALES-NET

   265,983,594	304,917,839
   57,061,409	104,364,944
   323,045,003	409,282,783
   (41,132,240)	(45,577,091)
   (9,516,110)	(16,204,418)
   (50,648,350)	(61,781,509)
   272,396,653	347,501,274
   6,247,889	(15,405,202)
   (5,845,503)	15,853,680
   402,386	448,478
   7,291,239	(14,366,410)
   (1,043,350)	(1,038,792)
   6,247,889	(15,405,202)
   (5,845,503)	15,853,680
   251,442,963	319,397,986
   21,153,395	20,506,603
   272,596,358	339,904,589
   2,068,147	2,214,091
   49,237,811	103,680,510
   203,504,445	216,391,779
   254,810,403	322,286,380
   (1,395,914)	(572,858)
   (1,971,526)	(2,315,536)
   (3,367,440)	(2,888,394)
   251,442,963	319,397,986

   Gross sales Indigenous gas RLNG

   Less: Sales tax Indigenous gas RLNG

   Net sales

   90,828,534

   76,688,044 22,023,496
   98,711,540
   (11,829,902) (3,591,009)
   (15,420,911)
   83,290,629
   7,600,627 393,910
   7,994,537
   7,936,120 (335,493)
   7,600,627
   393,910
   88,109,677 6,418,678
   94,528,355
   1,985,076 21,409,547 67,462,838
   90,857,461
   (776,258) (1,971,526)
   (2,747,784)
   88,109,677

   31,384,074

   122,212,608

   (13,861,046)

   (4,941,819)

(18,802,865)

103,409,743

1. TARIFF ADJUSTMENTS

   Indigenous gas 18.1

   RLNG 18.2

   1. Tariff adjustment - indigenous gas

      Price increase adjustment for the period Subsidy for LPG air mix operations

   2. Tariff adjustment - RLNG

      Price increase adjustment for the period

2. COST OF REVENUE

   Cost of gas 19.1

   Transmission and distribution costs

   1. Cost of gas

      Opening gas in pipelines RLNG purchases

      Gas purchases

      Gas consumed internally Closing gas in pipelines

      1,462,839

      18,732,209

      20,195,048

      1,844,843

      (382,004)

      1,462,839

      18,732,209

      115,935,183

      6,946,937

      122,882,120

      2,176,128

      45,192,323

      71,058,435

      118,426,886

      (176,167)

      (2,315,536)

(2,491,703)

115,935,183

1. OTHER OPERATING EXPENSES

   Workers' Profit Participation Fund Auditors' remuneration

   Sports expenses

   Corporate social responsibility Exchange loss

   Provision against slow-moving and obsolete stores and spares

   Nine months period ended Quarter ended March 31, March 31, March 31, March 31,

   2026 2025 2026 2025

   (Unaudited)

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

   60,528

   8,322

   29,387

   6,815

   -

   406,311

   5,589

   32,321

   11,728

   540,926

   128,760

   233,812

   -

   996,875

   -

   32,444

   4,076,764

   8,623

   67,497

   3,770,615

   379,851

   149,644

   -

   100,535

   182,324

   12,937

   4,833,964

   352,338

   21,079

   4,320,687

   (69,722) 1,269,835

   519,448 -

   1,173,131 1,191,245

   17,545,450 8,974,129

   679,833

   153,655

   2,144

   25,200

   187,379

   627,899

   176,374

   7,720

   63,320

   75,610

   34,842

   45,355

   - 42,791

   - 4,388

   1,289 1,160

   1,119,525 -

   1,011,718 1,169,778

   34,444 49,650

   27,252,300 18,019,941

   (4,801)

   3,265

   14,537

   6,180

   -

   49,573

   68,754

   -

   9,906

   1,443,413

   5,994

   49,826

   106,510

   1,898 1,617,547

   (23,465)

   288,283

   388,759

   7,597,854

   220,520

   50,125

   351

   -45,728

   325

   -

   -413

   195,852

   243,870

   9,631

   10,635,793

   40,557

   1,863

   14,657

   10,573

   432,453

   -

   500,103

2. OTHER INCOME

   Income from financial assets Receivable against asset contribution Interest on loan to related party

   Late payment surcharge

   Interest income from JJVL against LPG / NGL

   Liquidated damages recovered Return on term deposits and profit and loss bank accounts

   Dividend income

   Income from other than financial assets

   Meter manufacturing division profit / (loss) - net

   Income from JJVL against LPG / NGL - net Meter rentals - net

   RLNG transportation income Income against deferred credit and contract liability

   Income from LPG air mix distribution - net Income from sale of tender documents Gain on scrap sales - net

   Recoveries from customers

   Gain on disposal of property, plant and equipment

   Reversal against slow- moving and obsolete stores and spares Amortization of Government grant Rental from SSGC LPG Limited Exchange gain

   LSA margins against RLNG Miscellaneous

   1,832

   18,511

   278,725

   -34,380

   27,045

   1,305

   361,798

   342,499

   396,106

   3,301,745

   187,350

   71,219

   2,822

   39,870

   28,958

   17,332

   24,706

   1,463

   375

   -383,875

   24,338

   5,184,456

   Nine months period ended Quarter ended

   March 31,	March 31,	March 31,	March 31,
   2026	2025	2026	2025

   (Unaudited)

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

3. TAXATION

   414,831	-	-	-
   5,116,333	3,844,208	1,760,252	744,589
   (5,531,164)	(3,844,208)	(1,760,252)	(744,589)
   -	-	-	-

   Prior year tax Current tax Deferred tax

4. EARNINGS / (LOSS) PER SHARE - BASIC

   174,843	6,942,967	(114,912)	254,606
   880,916,309	880,916,309	880,916,309	880,916,309
   0.20	7.88	(0.13)	0.29

   Profit / (loss) for the period

   Average number of ordinary shares

   Earnings per share - basic and diluted

   Note

   March 31, March 31,

   2026 2025

   (Unaudited)

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

   9,239

   32,091,675

5. CASH GENERATED FROM OPERATIONS

   Adjustments for non-cash and other items	24.1	32,091,675	22,315,438
   Working capital changes	24.2	(7,940,256)	(6,364,833)
   		24,151,419	15,950,605

   1. ADJUSTMENTS FOR NON-CASH AND OTHER ITEMS

      Provisions	24.1.1	10,523,837	5,088,085
      Depreciation on property, plant and equipment	5.1	8,700,219	7,254,176
      Depreciation on right of use assets		69,555	70,244
      Amortization of intangibles		97,925	63,951
      Finance cost		12,262,057	8,838,960
      Amortization of transaction cost		25,676	17,881
      Amortization of government grant		-	(4,388)
      Income against deferred credit and contract liability		(700,494)	(613,306)
      Dividend income		(12,937)	(21,079)
      Interest income		(214,768)	(419,835)
      (Gain) / loss on disposal of property plant and equipment		(34,842)	(46,824)
      Decrease in long term advances		(43,870)	(69,214)
      Increase in deferred credit and contract liability		1,376,832	2,103,011
      Finance cost on payable against transfer of pipeline		33,246	39,119

      Finance cost on lease liability

      14,657

      22,315,438

      1. PROVISIONS

         Charge / (reversal) in provision against slow moving / obsolete stores	139,732	(42,654)
         Allowance for expected credit loss	8,108,548	3,109,192
         Provision / (reversal) against compensated absences	305,624	(39,117)
         Provision for post retirement medical and free gas supply facilities	965,127	904,361
         Provision against retirement benefit	1,004,806 10,523,837	1,156,303 5,088,085

         Nine months period ended March 31, March 31,

         2026 2025

         (Unaudited)

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

   2. WORKING CAPITAL CHANGES

(Increase) / Decrease in current assets

1. TRANSACTIONS WITH RELATED PARTIES

   The related parties comprise of subsidiary companies, associated companies due to common directorship, Government related entities, staff retirement benefits plans, directors and key management personnel (including their associates). Purchase and sale of gas from / to related parties are determined at rates finalised and notified by the Oil and Gas Regulatory Authority. Remuneration of key management personnel are in accordance with the terms of the employment / appointment. Other transactions with the related parties are carried out as per agreed terms as approved by the Board of Directors.

   The details of transactions with related parties not disclosed elsewhere in these condensed unconsolidated interim financial statements are as follows:

   Nine months period ended March 31, March 31,

   2026 2025

   (Unaudited)

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

   Government related entities - various

   - Purchase of fuel and lubricant	240,769	226,812
   - Sale of gas and allied charges inclusive of sales tax	8,023,002	31,488,484
   - Pipeline rental income	1,483,816	-

   Government related entities - various

   Relationship

   March 31, March 31,

   2026 2025

   (Unaudited)

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

   - Gas purchases - Indigenous Gas		129,490,628	128,460,969
   - Gas purchases - RLNG		49,237,811	103,680,510
   - Sale of gas meters and spare parts		18,510	4,830,899
   - Rent Expense		21,210	14,687
   - Right of way		81,076
   - Insurance premium		137,082	158,859
   - Royalty Expense		13,723	596
   - License fee		498,530	281,105
   - Public Procurement Regulatory Authority fee		18,885	19,682
   - Telecommunication expense		51,626	45,174
   - Electricity expenses		198,626	257,747
   - RLNG transportation income		17,545,450	8,974,129
   - LPG purchases		675,482	688,781
   - Income against LNG service agreement		1,011,718	1,169,778
   - Dividend income		7,243	17,164
   - Mark up income on bank deposits		2,783	4,536
   Karachi Grammar School	Associate
   - Sale of gas and allied charges inclusive of sales tax		30	78
   Key management personnel
   - Remuneration		211,976	154,960
   Pakistan Institute of Corporate Governance	Associate
   - Subscription / trainings		-	1,018
   Pakistan Stock Exchange Limited	Associate
   - Sale of gas and allied charges inclusive of sales tax		549	235
   Pakistan Cables Limited Associate Diamond International Corporation Limited Associate - Sale of gas and allied charges inclusive of sales tax N. P. Cotton Mills Limited Associate - Sale of gas and allied charges inclusive of sales tax		2,920 57,698 233,997 305,030	2,228 273,618 - -

   • Subscription

   • Sale of gas and allied charges inclusive of sales tax

   Relationship

   Nine months period ended March 31, March 31,

   2026 2025

   (Unaudited)

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

   SSGC LPG Limited	Subsidiary
   - Interest on loan		32,444	67,497
   - Rental income		1,289	1,160
   SSGC Alternate Energy (Private) Limited	Subsidiary
   - Recoverable expenses		5,954	4,444
   - Mark-up income on receivable balance		332	1,674
   Staff retirement benefit plans	Employee benefit plan
   - Contribution to provident fund		439,574	352,148
   - Contribution to pension fund		564,684	748,501
   - Contribution to gratuity fund		440,122	407,803

   1. Contribution to the defined contribution and benefit plans are in accordance with the terms of the entitlement of the employees and / or actuarial advice.

   2. Remuneration to the executive officers of the Company and loans and advances to them are determined in accordance with the terms of their employment. Mark-up free security deposits for gas connections to the executive staff of the Company is received at rates prescribed by the Government of Pakistan.

   3. Amount (due to) / receivable from / investment in related parties.

      The details of amount due (to) / from with related parties not disclosed elsewhere in these condensed unconsolidated interim financial statements are as follows:

      March 31, June 30,

      2026 2025

      (Unaudited) (Audited)

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

      - Sale of gas and allied charges inclusive of sales tax	55,492,454	57,369,525
      - Receivable against pipeline rental income	1,724,595	18,207
      - Gas purchases - Indigenous gas	(739,234,325)	(716,733,782)
      - Gas purchases - RLNG	(34,422,513)	(18,342,311)
      - Sale of gas condensate	4,365	4,365
      - Gas meters and spare parts	113,347	1,328,686
      - Uniform cost of gas-RLNG	20,000,000	20,000,000
      - Cash at bank	16,615	19,339
      - Stock loan	5,774	28,015
      - Gas supply deposit	(519,840)	(508,767)

      Government related entities - various

      Government related entities - various

      Relationship

      2026 2025

      (Unaudited) (Audited)

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

      - Contingent rent		3,521	19,529
      - Differential tariff		4,284,080	4,284,080
      - Capacity and utilisation charges of RLNG		12,836,744	3,958,765
      - RLNG transportation income		36,159,613	20,680,918
      - LSA margins		1,015,113	374,282
      - Advance for sharing right of way		(18,088)	(18,088)
      - Advance against LPG purchases		140,264	118,518
      - Long term deposits		13,577	12,663
      - Retention money		(2,761)	(2,512)
      - Prepayment		252,099	177,924
      Karachi Grammar School Associate Pakistan Stock Exchange Associate		- - - -	5 (22) 8 (99)
      Pakistan Cables Limited	Associate
      - Sale of gas and allied charges inclusive of sales tax		-	7,696
      - Gas supply deposit		-	(1,189)
      Diamond International Corporation Limited Associate		275,545 -	- -
      N. P. Cotton Mills Limited - Sale of gas and allied charges inclusive of sales tax	Associate	356,501	-
      - Gas supply deposit		3,041	-
      SSGC LPG Limited - Long term investment	Subsidiary	1,082,278	1,082,278
      - Interest on loan		9,906	16,254
      - Long term loan		250,000	325,000
      - Current portion of long term loan		100,000	100,000
      - Short term loan		118,572	296,429
      - LPG sales		5,698	5,698
      - Rent on premises		905	738
      - Receivable against management fees		1,408	1,408

      • Sale of gas and allied charges inclusive of sales tax

      • Gas supply deposit

      • Sale of gas and allied charges inclusive of sales tax

      • Gas supply deposit

      • Sale of gas and allied charges inclusive of sales tax

      • Gas supply deposit

      March 31, June 30,

      2026 2025

      (Unaudited) (Audited)

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

      	Relationship
      SSGC Alternate Energy (Private) Limited	Subsidiary
      - Long term investment		20,000	20,000
      - Other receivables		8,948	2,995
      - Accrued mark up income		4,744	4,412

      1. Current balances with parties have not been disclosed as they did not remain related parties as at year end.

      2. Comparative balances with parties have not been disclosed as these parties were not related parties in last year.

2. OPERATING SEGMENTS

   IFRS 8 - Operating Segments requires operating segments to be identified on the basis of internal reports about components of the Company that are regularly reviewed by the Chief operating decision maker in order to allocate resources to segments and to asses their performance. As a result, management has identified the following two segments:

   1. Gas transmission and distribution (sale of gas); and

   2. Meter manufacturing (manufacturing and sale of gas meters) Segment revenue and results.

   The following is analysis of the Company's revenue and results by reportable segment.

   Nine months period ended March 31, March 31,

   2026 2025

   (Unaudited)

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

   Return on Assets net of UFG disallowance

   Gas transmission

   Gas distribution and marketing

   • Lower Sindh

   • Upper Sindh

   • Balochistan

   Meter manufacturing Total segment results

   Unallocated Finance cost Other income - net

   Segment profit

   9,366,785

   7,457,769 270,740 (9,188,686)

   (1,460,177) 15,394 7,922,002 (12,245,248) 5,473,284 1,150,038

   8,678,132

   4,321,126

   1,802,997

   (7,241,107)

(1,116,984)

16,282

7,577,430

(8,910,617)

9,053,102

7,719,915

1. FINANCIAL RISK MANAGEMENT

The Company's financial risk management objective and policies are consistent with that disclosed in the annual audited unconsolidated financial statements for the year ended June 30, 2025.