Adam Sugar Mills Reports Loss for Nine Months Ended June 30, 2026

Adam Sugar Mills Limited has announced its financial results for the nine months ended June 30, 2026, reporting a net loss after tax of Rs95.77 million, compared with a net profit of Rs52.92 million recorded during the corresponding period last year. The company also announced that its Board of Directors has not recommended any cash dividend, bonus shares, or right shares for shareholders.

According to the company’s financial statement, net sales declined to Rs7.49 billion from Rs8.19 billion in the same period of the previous year. Gross profit also dropped significantly to Rs413.32 million, compared with Rs556.92 million a year earlier, reflecting weaker operational performance.

The company recorded an operating profit of Rs220.77 million, down from Rs357.24 million in the corresponding period last year. Higher finance costs and levies continued to weigh on earnings, resulting in a loss before taxation of Rs111.77 million, compared with a pre-tax profit of Rs63.36 million in the previous year. A tax credit of Rs16.00 million partially offset the losses, leading to the final net loss after tax. Earnings per share (EPS) stood at negative Rs5.54, compared with positive Rs3.06 in the same period of 2025.

For the quarter ended June 30, 2026, Adam Sugar Mills posted a net loss of Rs166.31 million, compared with a net profit of Rs87.98 million in the corresponding quarter last year. Quarterly EPS came in at negative Rs9.62, versus positive Rs5.09 a year earlier.

On the balance sheet, the company’s total assets increased to Rs12.62 billion as of June 30, 2026, from Rs8.53 billion at the end of September 2025. Total equity also strengthened to Rs6.14 billion, supported primarily by an increase in the surplus on the revaluation of property, plant, and equipment, despite the period’s reported loss.

The Board of Directors approved the unaudited financial results in its meeting held on July 27, 2026, confirming that no interim distribution would be made to shareholders. The company stated that its quarterly report for the period ended June 30, 2026, will be circulated separately in accordance with applicable regulatory requirements.