Baba Farid Sugar Mills Reports Rs417.6 Million Loss for Nine Months Ended June 2026

Baba Farid Sugar Mills Limited has posted a significant financial setback for the nine months ended June 30, 2026, reporting a net loss of Rs417.56 million, compared with a net profit of Rs503.46 million recorded during the corresponding period last year. The financial results were approved by the company’s Board of Directors in a meeting held on July 25, 2026.

The company’s revenue from contracts with customers fell sharply to Rs2.67 billion, marking a decline of nearly 66% from Rs7.85 billion in the same period of the previous year. The steep drop in sales significantly reduced gross profit to Rs71.71 million, compared with Rs1.19 billion a year earlier.

Baba Farid Sugar Mills also recorded an operating loss of Rs36.03 million, reversing from an operating profit of Rs999.17 million reported in the corresponding period last year. Meanwhile, financial charges remained substantial at Rs347.47 million, placing additional pressure on the company’s profitability. As a result, the loss before tax reached Rs417.56 million.

On a quarterly basis, the company reported a net loss of Rs235.35 million for the quarter ended June 30, 2026, compared with a profit of Rs446.24 million in the same quarter of 2025. Earnings per share (EPS) also turned negative, with a loss per share of Rs44.19 for the nine-month period versus earnings of Rs53.28 per share last year. Quarterly loss per share stood at Rs24.90, compared with earnings of Rs47.22 in the corresponding quarter.

The company’s financial position showed total assets increasing to approximately Rs11.95 billion as of June 30, 2026, from Rs6.51 billion at the end of September 2025. Cash and bank balances also improved to Rs721.01 million, supported primarily by financing activities and higher short-term borrowings.

The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period under review.

The latest financial results reflect the challenging operating environment faced by Baba Farid Sugar Mills, where declining revenues and elevated financing costs have significantly impacted profitability. Investors will be closely monitoring the company’s performance in the coming quarters to assess whether operational improvements and market conditions can support a financial recovery.