$SNGP Sui Northern Gas Pipelines Limited (SNGP): FY25 & 1QFY26 Corporate Briefing Takeaways – By Taurus Research
$SNGP
Sui Northern Gas Pipelines Limited
Rs. 101.99
-2.77%
- Sui Northern Gas Pipelines Limited (SNGP) is engaged in the transportation of gas from wellheads and LNG terminals to the burner tip through high and low pressure transmission lines. It purchases gas from E&Ps and LNG importers. The Government is its majority shareholder (58%). With 7.3Mn consumers, it has a 28% market share in the national energy mix.
- During FY25, SNGP’s topline declined by 3%YoY and was recorded at PKR 1.3Trn. Its gross margin was recorded at 6% in FY25 compared to 3% in the SPLY. Its net profit was recorded at PKR 14.6Bn, down 30%YoY. As a result, SNGP posted an EPS of PKR23/sh compared to PKRPKR29.9/sh during the SPLY. Profitability declined mainly due to a reduction in the Return on Assets (ROA) as the regulated return fell from 26.22% to 21.25% following a decline in interest rates.