Southwest Gas Holdings, Inc. Annual Results: Standalone & Consolidated Reports

Annual Results

Results Snapshot

Figures in Million

Consolidate Annual Results

Dec'25

Dec'24

Dec'23

Dec'22

Dec'21

Dec'20

Dec'19

Net Sales

1,940.38

2,475.22

5,433.97

4,960.01

3,680.45

3,298.87

3,119.92

Other Operating Income

0.00

Total Operating income

1,940.38

2,475.22

5,433.97

4,960.01

3,680.45

3,298.87

3,119.92

Raw Material Cost

1,372.42

1,979.78

4,855.66

4,435.60

3,230.56

2,812.41

2,685.78

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

203.08

206.53

292.29

242.75

119.20

111.48

109.23

Selling and Distribution Expenses

0.00

Other Expenses

-20.31

-20.65

-29.23

-24.27

-11.92

-11.15

-10.92

Total Expenditure (Excl Depreciation)

1,372.42

1,979.78

4,855.66

4,435.60

3,230.56

2,812.41

2,685.78

Operating Profit (PBDIT) excl Other Income

568

495.4

578.3

524.4

449.90000000000003

486.5

434.09999999999997

Other Income

60.07

54.19

71.31

-6.19

-3.50

-6.79

10.09

Operating Profit (PBDIT)

864.68

763.76

1,001.77

895.29

737.09

748.24

685.13

Interest

203.08

206.53

292.29

242.75

119.20

111.48

109.23

Exceptional Items

0.00

-71.23

-455.43

0.00

Gross Profit (PBDT)

567.96

495.44

578.31

524.41

449.89

486.46

434.14

Depreciation

330.72

303.10

440.91

470.45

371.04

332.03

303.24

Profit Before Tax

330.87

254.14

197.35

-273.34

246.85

304.74

272.67

Tax

96.04

33.16

41.83

-75.65

39.65

65.75

56.02

Provisions and contingencies

0.00

Profit After Tax

239.48

214.96

150.89

-203.29

200.78

232.32

213.94

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

239.48

214.96

150.89

-203.29

200.78

232.32

213.94

Share in Profit of Associates

0.00

Minority Interest

-4.65

6.02

4.63

5.61

6.42

6.66

2.71

Other related items

0.00

Consolidated Net Profit

234.84

220.98

155.52

-197.68

207.20

238.99

216.65

Equity Capital

0.00

Face Value

1.0

Reserves

3,961.12

3,504.19

3,310.04

3,058.76

2,953.82

2,674.95

2,505.91

Earnings per share (EPS)

6.08

2.76

2.13

-3.1

3.39

4.14

3.94

Diluted Earnings per share

6.08

2.76

2.13

-3.1

3.39

4.14

3.94

Operating Profit Margin (Excl OI)

24.42%

16.42%

9.01%

8.69%

10.04%

12.82%

11.92%

Gross Profit Margin

34.1%

22.51%

11.75%

3.97%

16.79%

19.3%

18.46%

PAT Margin

12.34%

8.68%

2.78%

-4.1%

5.46%

7.04%

6.86%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Annual Analysis Highlights

Net Sales

YoY Growth in year ended Dec 2025 is -21.61% vs -54.45% in Dec 2024

Consolidate Net Profit

YoY Growth in year ended Dec 2025 is 6.24% vs 42.12% in Dec 2024

Operating Profit (PBDIT) excl Other Income

YoY Growth in year ended Dec 2025 is 13.39% vs -23.74% in Dec 2024

Interest

YoY Growth in year ended Dec 2025 is -1.65% vs -29.35% in Dec 2024

Operating Profit Margin (Excl OI)

YoY Growth in year ended Dec 2025 has improved from Dec 2024

Compare Annual Results Of Southwest Gas Holdings, Inc. With

Select Peers

Figures in Million

Consolidate Annual Results

Change(USD)

Change(%)

Net Sales

1,940.38

2,364.86

-424.48

-17.95%

Other Operating Income

0.00

Total Operating income

1,940.38

2,364.86

-424.48

-17.95%

Raw Material Cost

1,372.42

1,434.37

-61.95

-4.32%

Purchase of Finished goods

0.00

(Increase) / Decrease In Stocks

0.00

Employee Cost

0.00

Power Cost

0.00

Manufacturing Expenses

203.08

328.38

-125.30

-38.16%

Selling and Distribution Expenses

0.00

285.52

-285.52

-100.00%

Other Expenses

-20.31

-32.84

12.53

38.15%

Total Expenditure (Excl Depreciation)

1,372.42

1,719.89

-347.47

-20.20%

Operating Profit (PBDIT) excl Other Income

567.96

644.97

-77.01

-11.94%

Other Income

60.07

-192.60

252.67

131.19%

Operating Profit (PBDIT)

864.68

614.90

249.78

40.62%

Interest

203.08

328.38

-125.30

-38.16%

Exceptional Items

0.00

-296.88

296.88

100.00%

Gross Profit (PBDT)

567.96

930.49

-362.53

-38.96%

Depreciation

330.72

162.53

168.19

103.48%

Profit Before Tax

330.87

-172.88

503.75

291.39%

Tax

96.04

69.51

26.53

38.17%

Provisions and contingencies

0.00

Profit After Tax

239.48

-249.04

488.52

196.16%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

239.48

-249.04

488.52

196.16%

Share in Profit of Associates

0.00

Minority Interest

-4.65

6.65

-11.30

-169.92%

Other related items

0.00

Consolidated Net Profit

234.84

-242.39

477.23

196.89%

Equity Capital

0.00

Face Value

1.00

0.01

0.00

Reserves

3,961.12

1,876.43

2,084.69

111.10%

Earnings per share (EPS)

6.08

-1.25

7.33

586.40%

Diluted Earnings per share

6.08

-1.25

7.33

586.40%

Operating Profit Margin (Excl OI)

24.42%

27.27%

0.00

-2.85%

Gross Profit Margin

34.10%

-0.44%

0.00

34.54%

PAT Margin

12.34%

-10.53%

0.00

22.87%

Public Share Holdings (%)

0.00

0.00%

Pledged Promotor Holding (%)

0.00

0.00%

Annual - Net Sales

Net Sales 194.04 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -21.61% vs -54.45% in Dec 2024

Annual - Consolidate Net Profit

Consolidate Net Profit 23.48 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 6.24% vs 42.12% in Dec 2024

Annual - Operating Profit (PBDIT)

Operating Profit (PBDIT) 80.46 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is 13.39% vs -23.74% in Dec 2024

Annual - Interest

Interest 20.31 Million

in Dec 2025

Figures in Million

YoY Growth in year ended Dec 2025 is -1.65% vs -29.35% in Dec 2024

Annual - Operating Profit Margin (Excl OI)

Operating Profit Margin (Excl OI) 24.42%

in Dec 2025

Figures in %

YoY Growth in year ended Dec 2025 has improved from Dec 2024