Islamabad: Sui Southern Gas Company Limited (SSGC) held an analyst briefing on September 9, 2025, to review financial performance and future projections. The company reported earnings of Rs6.8 billion (earnings per share of Rs7.76) in fiscal year 2024, a significant turnaround from the Rs1.6 billion loss incurred during the same period the previous year. In the first nine months of fiscal year 2025, earnings per share reached Rs7.88, a 5% year-over-year increase.

A key takeaway from the briefing was the impact of a newly implemented levy on captive power generation. This levy has contributed to a 7 percentage point decline in captive gas demand, subsequently increasing the domestic sector’s share of SSGC’s sales mix by 5 percentage points year-over-year.

Reforms within the energy sector and gas price increases have bolstered SSGC’s cash flow, enabling timely payments to exploration and production companies. The company remains unaffected by the circular debt plan within the power sector. However, resolution of the gas circular debt remains crucial for future stability. Currently, SSGC is trading at a price-to-book value of 2.9x.