Chairman’s Statement
Trinidad and Tobago NGL Limited (“TTNGL” or “the Company”) presents results for the nine months ended 30 September 2025. For quarter 3 2025, TTNGL recorded profit after tax of TT$99.6 million, a TT$63.5 million improvement over the prior year period. This translated to earnings per share of TT$0.64 (2024: TT$0.23). Profit from TTNGL’s investment in Phoenix Park Gas Processors Limited (“PPGPL”) for the quarter was positively impacted by the reversal of recognised impairment charges of TT$85.3 million. This treatment is supported by the reinstatement of the license issued by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) for natural gas collaboration regionally. Profit after tax was TT$63.8 million to September 2025, compared to TT$82.8 million in 2024.