KARACHI: Al-Noor Sugar Mills Limited has reported a profit after tax of Rs27.56 million for the nine-month period ended June 30, 2026, down from Rs39.98 million recorded in the corresponding period last year, reflecting a decline of nearly 31% in earnings. Earnings per share (EPS) fell to Rs1.35 from Rs1.95 a year earlier.
According to the financial results approved by the company’s Board of Directors on July 28, 2026, the company did not announce any cash dividend, bonus shares, right shares, or any other corporate action for the period.
During the nine-month period, net sales declined to Rs10.50 billion, compared with Rs11.54 billion in the same period last year. However, gross profit remained relatively stable at Rs1.71 billion, slightly higher than Rs1.70 billion recorded a year earlier. Operating profit improved to Rs826.75 million, up from Rs711.30 million, supported by stronger operational performance.
Despite the improvement in operating earnings, lower other income and continued finance costs weighed on the bottom line. Other income declined sharply to Rs52.13 million from Rs187.91 million, while finance costs remained elevated at Rs731.98 million, limiting overall profitability.
On a quarterly basis, however, the company posted a loss after tax of Rs50.92 million for the quarter ended June 30, 2026, compared with a profit of Rs65.67 million in the corresponding quarter last year. The quarterly loss translated into a loss per share of Rs2.49, against earnings of Rs3.21 per share in the same period of 2025.
The balance sheet showed total assets increasing to Rs21.90 billion as of June 30, 2026, from Rs16.31 billion at the end of September 2025. Total equity stood at Rs7.10 billion, while current liabilities rose to Rs9.50 billion, reflecting higher short-term borrowings and trade-related obligations.
In its notification to the Pakistan Stock Exchange, Al-Noor Sugar Mills stated that the quarterly report for the period ended June 30, 2026, will be transmitted through the PUCARS system within the prescribed timeframe.
