Habib Sugar Mills Limited has announced its unaudited condensed interim financial results for the half-year ended March 31, 2026, reporting a significant rise in profitability despite a decline in overall revenue. The company shared the results following its board meeting held on May 20, 2026, and confirmed that no cash dividend, bonus shares, right shares, or other corporate actions were declared for the period.
During the six-month period, net sales fell to Rs. 7.20 billion, compared with Rs. 9.57 billion in the corresponding period last year, reflecting softer topline performance. However, gross profit improved to Rs. 1.55 billion from Rs. 1.39 billion, indicating stronger margins and better cost management.
The company’s operating profit rose to Rs. 1.52 billion, up from Rs. 1.29 billion a year earlier. Finance income also contributed positively, reaching Rs. 64.46 million, compared with a finance cost in the same period last year. As a result, profit before tax increased to Rs. 1.44 billion, while net profit surged to Rs. 923.17 million, representing a year-on-year increase of about 38%. Earnings per share climbed to Rs. 6.84 from Rs. 4.94.
On the balance sheet side, total assets stood at Rs. 25.10 billion as of March 31, 2026, compared with Rs. 23.50 billion at the end of September 2025. A notable increase was seen in inventories, which rose sharply to Rs. 12.60 billion from Rs. 2.06 billion, reflecting higher stock holdings during the period.
The company’s reserves declined to Rs. 15.60 billion from Rs. 16.77 billion, mainly due to unrealized losses on investments classified at fair value through other comprehensive income. Nevertheless, core profitability remained strong, supported by improved operating efficiency and gains from other income sources.
Management stated that the full half-year report, including the complete financial statements and notes, will be submitted separately through the Pakistan Unified Corporate Action Reporting System within the prescribed timeframe.
