Sui Northern Gas Pipelines Limited (PSX: SNGP) announced its results for the twelve months to 30 June 2026 on 5 November 2026. It reported a profit after tax of Rs 14.59 bn, or Rs 23.01 a share, against a profit of Rs 18.98 bn in the same period last year (−23%). Sales or revenue came to Rs 1408.55 bn, −8.1% on a year earlier. No payout was announced with these results.
The numbers
| Year to June 2026 | This year | Last year | Change |
|---|---|---|---|
| Sales / revenue | Rs 1408.55 bn | Rs 1532.91 bn | −8.1% |
| Profit after tax | Rs 14.59 bn | Rs 18.98 bn | −23.1% |
| Earnings per share | Rs 23.01 | Rs 29.92 | −23.1% |
| Operating profit (EBIT) | Rs 59.89 bn | Rs 54.91 bn | +9.1% |
| Profit before tax | Rs 26.21 bn | Rs 24.45 bn | +7.2% |
| Net margin | 1.0% | 1.2% | |
| Operating margin | 4.3% | 3.6% | |
| Effective tax rate | 44.3% | 22.4% |
Operations or tax?
Operating profit (EBIT) grew +9%, profit before tax rose +7% and profit after tax fell −23%. The effective tax rate rose to about 44% from 22%, which took some of the operating gain away at the bottom line.
Quarter by quarter
Profit after tax for each of the last quarters, with operating profit (EBITDA) where available, against the same quarter a year earlier.
| Quarter | Profit | vs year ago | Operating profit |
|---|---|---|---|
| Mar 2026 | Rs 2.93 bn | +23% | Rs 2.70 bn |
| Dec 2025 | Rs 3.72 bn | −17% | Rs 14.52 bn |
| Sep 2025 | Rs 3.45 bn | +5% | Rs 10.84 bn |
| Jun 2025 | Rs 4.45 bn | −46% | Rs 13.44 bn |
| Mar 2025 | Rs 2.39 bn | −35% | Rs 13.80 bn |
| Dec 2024 | Rs 4.47 bn | +35% | Rs 17.53 bn |
| Sep 2024 | Rs 3.28 bn | −11% | Rs 7.43 bn |
| Jun 2024 | Rs 8.25 bn | +281% | −Rs 97.94 bn |
Over the last 12 months the company earned Rs 14.55 bn, against Rs 18.39 bn in the 12 months before (−21%). Profit grew year on year in 2 of the last 4 quarters.
The net margin held steady at 1.0% (1.2% a year earlier).
Valuation
| Price to earnings, last 12 months | 4.1x (sector median 4.1x) |
| Price to book value | 0.75x |
| Dividend yield, last 12 months | 3.3% |
| Our fair value estimate | Rs 397.00 (margin of safety +76%) |
| Pulse Score | 43 / 100 |
| Market value | Rs 59.52 bn |
| 52-week range | Rs 83.20 to Rs 128.00 |
On this measure the shares trade in line with the typical company in the Oil & Gas Marketing Companies sector.
Earnings momentum
Over the last 12 months profit after tax changed by −20.9% and operating profit by +170.1% on the year before; in the latest quarter against a year earlier the figures were +22.6% and +0.2%. Our earnings momentum check, which looks for profit and operating profit accelerating together, shows no signal. It is one input to the Pulse Score, not a recommendation. These figures may not yet include the quarter just announced.
Market reaction
The share price has moved −0.3% since the close before the announcement (Rs 94.12 to Rs 93.85 on 5 November 2026), against +2.0% for the KSE-100 over the same days.
Dividend record
The company paid a cash dividend in 9 of the last 10 years, Rs 3.00 a share over the last 12 months, with dividends growing −6% a year over five years.
What to watch
- Next results. The next set of results is expected around 29 October 2026.
- Debt. Debt is 2.7 times equity, so interest rates matter for future profit.
The full picture, with the score breakdown, fair value estimate and price history, is on the SNGP page of the Market Pulse Hub dashboard.
Bilal, Market Pulse Hub
Source: results as reported to the Pakistan Stock Exchange on 5 November 2026, with operating profit and profit before tax from the company’s report filed with PSX; prices and payouts from PSX. Changes, margins and valuation ratios are our calculations. This article is generated automatically from the reported figures and does not include the company’s own commentary. It is for information only and is not investment advice.