PORT OF SPAIN, Trinidad, Aug 24, CMC – The National Gas Company of Trinidad and Tobago Limited (NGC) said current trajectories indicate that it is trending towards improved results over last year after the state-owned company announced a profit after tax of TT$3.46 billion (One TT dollar=US#0.16 cents) for the financial year ended 31 December 2025.
NGC chairman Gerald Ramdeen said “these results reflect disciplined governance, clear strategic direction and a willingness to make the difficult decisions necessary to position NGC and its subsidiaries for success.
“Over the 11 months, the board and leadership, have relooked how we operate, reduced unnecessary expenditure and challenged ourselves to extract greater values from the resources currently available to us. This approach has directly strengthened the Group’s financial position as reflected in our reported result,” he added.
According to the financial results published last weekend, represent a significant increase of TT$1.82 billion, or approximately 111 per cent compared with profit after tax of TT$1.64 billion for 2024.
In addition to NGC’s performance, the performance of the Group’s subsidiaries was an important contributor to the consolidated results, with each individual company continuing to execute operations within its respective areas of business.
It said Phoenix Park Gas Processors Limited (PPGPL) recorded a profit after tax of TT$216.8 million representing an increase of 26.9 per cent from 2024. PPGPL also distributed US$55 million to its shareholders, the highest dividend payment in more than five years.
Trinidad and Tobago NGL Limited (TTNGL) achieved a significant turnaround, reporting profit after tax of TT$224.3 million compared with a loss of TT$119.4 million in 2024. Its share of profit from PPGPL increased to TT$84.6 million, its year-end cash balance rose to TT$309.4 million and the recoverable amount of its investment in PPGPL improved.
NGC said that these combined performances demonstrate the value of the Group’s diversified operations and the contribution of its subsidiaries to the overall financial strength of NGC. Energy and Energy Industries Minister Dr. Roodal Moonilal said “NGC’s unprecedented achievement represented the removal of waste and recurring costs, creating a more efficient operating base without compromising safety, reliability or operational integrity.
“The company is a strategic asset that connects upstream users to manufacturers, connects producers to LNG, connects natural gas to electricity generation, connects investment to job creation and ultimately, connects the country’s energy resources to national development. NGC’s importance extends beyond the balance sheet and income statement and remains critical to the health and sustainability of the energy sector,” he added.
CMC/ah/ir/2026