⚡ Flash Summary
Sui Southern Gas Company (SSGC) announced a delay in the approval and announcement of its first-quarter accounts for the period ended September 30, 2025. The Board Audit Committee (BAC) met on November 26, 2025, to review the accounts but advised management to resubmit them for further consideration. Consequently, the formal presentation of the accounts to the full Board will be postponed, and the closed period for trading will continue until the first-quarter accounts are formally approved and announced to the PSX. The scheduled Board Meeting on November 29, 2025, will proceed to address non-financial agenda items.
📌 Key Takeaways
- 🗓️ SSGC’s first-quarter accounts approval delayed.
- 📝 Board Audit Committee (BAC) requested resubmission.
- ❌ Accounts not formally recommended by BAC.
- ⛔ No presentation to the full Board as scheduled.
- 🔒 “Closed Period” extended until formal approval.
- 📅 Scheduled Board Meeting proceeds with non-financial items.
- 📜 Compliance with Securities Act, 2015 and PSX Regulations.
- ✉️ Reference to earlier letter SSGC/CS/2025-183.
- September 30, 2025, accounts still pending approval.
- 🚫 No immediate impact expected, pending final review.
- ⏳ Uncertainty remains until next BAC review.
🎯 Investment Thesis
Given the uncertainty surrounding SSGC’s first-quarter results and the delay in their approval, a HOLD recommendation is appropriate. Investors should await the formal release of the approved accounts before making any investment decisions. A price target cannot be reasonably established until the financial results are available and analyzed.
Disclaimer: AI-generated analysis. Not financial advice.