SNGP

⚡ Flash Summary

SNGP announced: Transmission of Quarterly Financial Statements for the Period Ended September 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SNGP made announcement: Transmission of Quarterly Financial Statements for the Period Ended September 30, 2025
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for SNGP. Manual verification required.

⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGP) reported a decrease in revenue inclusive of tariff adjustment for the quarter ended September 30, 2025, amounting to PKR 318.6 billion, compared to PKR 361.5 billion in the same period last year. Despite the revenue decline, the company managed to improve its gross profit to PKR 11.03 billion from PKR 7.12 billion. Profit for the period increased slightly to PKR 3.45 billion from PKR 3.28 billion. Earnings per share (EPS) also saw a marginal increase, rising to PKR 5.43 from PKR 5.18.

📌 Key Takeaways

• 📉 Revenue inclusive of tariff adjustment decreased by 11.87% YoY, from PKR 361.51 billion to PKR 318.60 billion.
• 💰 Gross profit increased significantly by 54.78% YoY, from PKR 7.12 billion to PKR 11.03 billion.
• 💸 Other income decreased by 34.77% YoY, from PKR 12.34 billion to PKR 8.05 billion.
• 📊 Operating profit decreased by 19.15% YoY, from PKR 15.74 billion to PKR 12.74 billion.
• 🧾 Finance costs decreased by 33.12% YoY, from PKR 9.78 billion to PKR 6.54 billion.
• 👍 Profit before income tax increased by 3.95% YoY, from PKR 5.97 billion to PKR 6.20 billion.
• ✅ Profit for the period increased by 4.98% YoY, from PKR 3.28 billion to PKR 3.45 billion.
• ⭐ Basic and diluted earnings per share increased by 4.83% YoY, from PKR 5.18 to PKR 5.43.
• 💵 Cash generated from operations decreased from PKR 32.92 billion to PKR 14.28 billion, a 56.63% decrease.
• 🏢 Payments for property, plant, and equipment decreased from PKR 6.82 billion to PKR 5.88 billion, a 13.78% decrease.
• 🏦 Repayment of long term financing from financial institutions decreased from PKR 2.78 billion to PKR 2.63 billion, a 5.4% decrease.
• 🏦 Cash and cash equivalents at the end of the period were PKR -147.5 billion, compared to PKR -100.86 billion, representing a 46.2% decrease.
• ⚠️ Trade debts increased significantly from PKR 181.17 billion to PKR 240.34 billion, a 32.66% increase, indicating potential issues with collections.
• 👍 Total equity increased from PKR 70.65 billion as of June 30, 2025, to PKR 74.09 billion as of September 30, 2025.

🎯 Investment Thesis

HOLD. While SNGP demonstrated improved gross profit and EPS, the decline in revenue and operating cash flow raises concerns. The increase in trade debts is also a red flag. A HOLD recommendation is appropriate until there is more clarity on the company’s ability to sustain profitability and manage its cash flow effectively. The company faces significant financial risks and collection challenges. Further monitoring of performance is necessary before a more definitive investment decision can be made.

⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGPL) has announced the reopening of its share transfer books, effective Friday, November 28, 2025. This announcement is primarily procedural, informing shareholders and TRE Certificate Holders of the Exchange about the resumption of share transfers. The notification was issued on November 27, 2025, from the company’s corporate affairs department, as communicated by Imtiaz Mehmood, SGM (Corporate Affairs) and Company Secretary.

📌 Key Takeaways

• 🗓️ Share transfer books of Sui Northern Gas Pipelines Limited (SNGPL) will reopen.
• ✅ Effective date for reopening: Friday, November 28, 2025.
• 🏢 Notification issued by SNGPL’s corporate affairs department.
• ✉️ Addressed to the General Manager, Pakistan Stock Exchange Limited (PSX).
• 📍 Copy sent to The Executive Director/HOD, Securities and Exchange Commission of Pakistan (SECP).
• 👤 Communication from Imtiaz Mehmood, SGM (Corporate Affairs) / Company Secretary.
• ℹ️ TRE Certificate Holders of the Exchange to be informed.
• 📅 Announcement date: November 27, 2025.
• 🚚 Sent via PUCARS / Courier.
• 🌐 Registered office located in Lahore, Pakistan.
• 📞 Contact information provided for registered and head offices.

🎯 Investment Thesis

Based on this announcement alone, a HOLD recommendation is appropriate as it is an informational update without any impact on the company’s fundamentals. More information from financial results is needed to determine a more accurate investment strategy.

⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGP) held its 61st Annual General Meeting, where shareholders approved the minutes of the previous meeting, adopted the audited accounts for the year ended June 30, 2025, and approved a final cash dividend of Rs. 3.00 per share (30%). The firm also appointed A.F. Ferguson & Co. as external auditors for the year ending June 30, 2026, with a remuneration of Rs. 26,250,000 plus expenses. The resolutions indicate a continuation of standard business operations and financial distributions to shareholders.

📌 Key Takeaways

• ✅ Minutes of the 60th Annual General Meeting held on May 22, 2025, were unanimously confirmed.
• 💰 Audited accounts for the year ended June 30, 2025, were adopted, including financial statements and related reports.
• 💵 Final cash dividend of Rs. 3.00 per share (30%) approved for the year ended June 30, 2025.
• 📅 Dividend payable to shareholders appearing in the Register of Members as of November 20, 2025.
• 👩‍💼 A. F. Ferguson & Co. appointed as external auditors for the year ending June 30, 2026.
• 🧾 Auditor remuneration set at Rs. 26,250,000 plus out-of-pocket expenses and fees for other services.
• 🔍 Auditors to conduct the audit in accordance with International Standards on Auditing.
• 🚦 Audit will include examination of internal controls related to financial and operational reporting.
• 🤝 Meeting concluded with thanks from the Chairman, noting no other ordinary business.
• ✉️ Information to be shared with TRE Certificate Holders of the Exchange.

🎯 Investment Thesis

Based on the provided information, a HOLD recommendation seems appropriate. The company is distributing dividends, and the appointment of auditors indicates adherence to standards. However, a comprehensive financial model, including financial statements, is needed to assess the intrinsic value of SNGP. Price target and time horizon depend on further analysis.

⚡ Flash Summary

SNGP announced: RESCHEDULING OF BOARD MEETING. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SNGP made announcement: RESCHEDULING OF BOARD MEETING
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for SNGP. Manual verification required.

⚡ Flash Summary

SNGP announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• SNGP made announcement: Board Meeting
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for SNGP. Manual verification required.

⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGP) has sought and received an extension from the Securities and Exchange Commission of Pakistan (SECP) to file its first quarterly financial statements for the period ended September 30, 2025. The extension was granted under Section 237 of the Companies Act, 2017. SNGP now has until November 29, 2025, to submit its report, which is a 30-day extension from the original deadline. The announcement indicates that the SECP reserves the right to take action for non-compliance with any requirements of the Act.

📌 Key Takeaways

• 📅 SNGP sought an extension for filing its Q1 2025 financial statements.
• 📜 The extension is under Section 237 of the Companies Act, 2017.
• ⏳ The original application was dated October 20, 2025.
• ✅ SECP granted a 30-day extension.
• 🗓️ New deadline is November 29, 2025.
• ⚠️ SECP reserves the right to act on non-compliance.
• 🏢 Letter issued by Oneeb Ahmed, Assistant Director at SECP.
• Gas pipeline company
• Compliance with SECP rules
• Transparency is key

🎯 Investment Thesis

Given the lack of financial information and the nature of this announcement, a HOLD recommendation is appropriate. Further information from the Q1 report is needed to evaluate the financial performance of SNGP. The extension itself does not change the fundamental outlook of the company, but maintaining compliance with regulations is crucial.

⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGPL) will hold a Board of Directors meeting on November 1, 2025, to consider the quarterly accounts for the periods ended September 30, 2024, December 31, 2024, and March 31, 2025, along with the annual accounts for the financial year ended June 30, 2025. The company has declared a closed period from October 25, 2025, to November 1, 2025, during which directors, the CEO, and executives are prohibited from dealing in the company’s shares. This restriction is in accordance with the Pakistan Stock Exchange Limited (PSX) Rule Book.

📌 Key Takeaways

• 📅 Board meeting scheduled for Saturday, November 1, 2025, at 02:30 p.m.
• 🏢 Meeting to be held at the company’s Board Room, Lahore.
• 🧾 Quarterly accounts for September 30, 2024, December 31, 2024, and March 31, 2025, to be reviewed.
• 📊 Annual accounts for the financial year ended June 30, 2025, to be considered.
• 🔒 “Closed Period” declared from October 25, 2025, to November 1, 2025.
• 🚫 Directors, CEO, and executives restricted from dealing in company shares during the closed period.
• 📜 Restriction is in accordance with PSX Rule No. 5.6.4.
• ✉️ TRE Certificate Holders of the Exchange to be informed accordingly.
• 🏢 Company is Sui Northern Gas Pipelines Limited.
• 👤 Imtiaz Mehmood, SGM (Corporate Affairs), signed the announcement.
• 🌐 Company website: www.sngpl.com.pk

🎯 Investment Thesis

A HOLD recommendation is appropriate at this time. The announcement is purely procedural and doesn’t offer any new financial insights. Investors should wait for the outcome of the board meeting and subsequent financial results to make a more informed decision.

⚡ Flash Summary

Sui Northern Gas Pipelines Limited (SNGPL) has announced a board meeting to be held on November 1, 2025, to consider the quarterly accounts for the periods ended September 30, 2024, December 31, 2024, and March 31, 2025, alongside the annual accounts for the financial year ended June 30, 2025. In compliance with PSX regulations, a closed period has been declared from October 25, 2025, to November 1, 2025, during which directors, CEO, and executives are prohibited from dealing in the company’s shares. This announcement aims to inform stakeholders of the upcoming financial review and the related restrictions on share trading by insiders.

📌 Key Takeaways

• 🗓️ Board meeting scheduled for November 1, 2025, at 2:30 p.m.
• 🏢 Meeting to be held at the Company’s Board Room, 21-Kashmir Road, Lahore.
• 🧾 Quarterly accounts for September 30, 2024, December 31, 2024, and March 31, 2025, will be reviewed.
• 📅 Annual accounts for the financial year ended June 30, 2025, will be considered.
• 🔒 “Closed Period” declared from October 25, 2025, to November 1, 2025.
• 🚫 Directors, CEO, and executives are restricted from dealing in company shares during the closed period.
• 📜 Restriction is in accordance with Rule No. 5.6.4 of the PSX Rule Book.
• 📢 TRE Certificate Holders of the Exchange are to be informed.
• ✉️ Announcement made via PUCARS/Courier.
• 🏢 Registered office located at 21-Kashmir Road, Lahore.
• 🌐 Company website: www.sngpl.com.pk
• 📞 Contact number: +9242-99082000-06
• 🏢 Head office: Corporate Affairs Department, 5th Floor, Gas House, 21-Kashmir Road, Lahore.
• 📞 Head office contact: +92-42-99201369

🎯 Investment Thesis

Given the limited information in this announcement, a HOLD recommendation is appropriate. Investors should await the outcome of the board meeting and the release of the financial results for the periods ending September 30, 2024, December 31, 2024, March 31, 2025, and June 30, 2025. A clear BUY or SELL signal would depend on the company’s financial performance, growth prospects, and risk factors outlined in the upcoming reports. The price target will be reassessed after analyzing the financial results and industry outlook.