Stable CGD Business ModelATGL’s core CGD network supplies PNG and CNG across residential, commercial, industrial and transport sectors. This asset-led, usage-based model creates predictable, recurring volume streams and high switching costs thanks to last-mile pipeline infrastructure, supporting durable cash flow generation.
Strong Revenue Growth And MarginsSustained multi-year revenue expansion and resilient gross/net margins indicate effective network roll-out, customer additions and operational efficiency. Durable top-line growth plus margin stability support long-term earnings power as utilization of fixed network assets increases.
Solid Cash Generation And Capital StructureOperating cash flow has grown consistently and management has maintained a healthy equity ratio with stable debt-to-equity. Strong operating cash conversion and manageable leverage provide structural financial flexibility to fund network expansion and service obligations over the medium term.