NGC posts record $3.285 billion profit

Prime Min­is­ter Kam­la Per­sad-Bisses­sar has an­nounced that the Na­tion­al Gas Com­pa­ny of Trinidad and To­ba­go Lim­it­ed (NGC) record­ed a prof­it af­ter tax of $3.285 bil­lion for the year end­ed De­cem­ber 31st, 2025.

Speak­ing in the House of Rep­re­sen­ta­tives to­day, Per­sad-Bisses­sar said the fig­ure rep­re­sents the high­est prof­it record­ed by the NGC Group in eleven years and is dou­ble the prof­it achieved in the pre­vi­ous year.

She de­scribed the NGC as the coun­try’s “crown jew­el” and said its per­for­mance re­mains cen­tral to gov­ern­ment rev­enues, for­eign ex­change earn­ings, down­stream in­dus­try de­vel­op­ment and job cre­ation. She added that the re­sults re­flect both im­proved mar­ket con­di­tions and a new ap­proach to gov­er­nance un­der her ad­min­is­tra­tion.

“This is not just a bal­ance sheet en­try. This is a clear demon­stra­tion of the enor­mous po­ten­tial of Trinidad and To­ba­go when our na­tion­al as­sets are prop­er­ly man­aged, strate­gi­cal­ly guid­ed and al­lowed to op­er­ate with a trans­for­ma­tion­al vi­sion,” she said.

The Prime Min­is­ter said the per­for­mance re­flects strate­gic think­ing, in­no­va­tion and ef­fi­cien­cy, and serves as a strong en­dorse­ment of the cur­rent Board’s ap­proach to man­ag­ing and mon­etis­ing the coun­try’s hy­dro­car­bon re­sources.

Per­sad-Bisses­sar al­so crit­i­cised the pre­vi­ous ad­min­is­tra­tion, not­ing that the NGC record­ed loss­es of $2.1 bil­lion in 2020 and $1.3 bil­lion in 2023. She at­trib­uted those re­sults to what she de­scribed as poor de­ci­sion-mak­ing and weak lead­er­ship un­der for­mer Prime Min­is­ter Kei­th Row­ley and for­mer en­er­gy min­is­ter Stu­art Young.

She said the gov­ern­ment re­mains com­mit­ted to strength­en­ing gov­er­nance, pro­tect­ing na­tion­al as­sets and en­sur­ing sus­tain­able growth.