KARACHI: Noon Sugar Mills Limited has reported a net loss for the nine-month period ended June 30, 2026, as rising finance costs and increased tax charges outweighed growth in revenue, according to the company’s latest financial results submitted to the Pakistan Stock Exchange.
The company posted net sales of Rs10.32 billion during the nine months, compared with Rs9.37 billion in the corresponding period last year, reflecting improved top-line performance. However, gross profit declined to Rs730.98 million from Rs842.90 million, indicating pressure on margins amid higher production costs.
Operating profit also weakened, falling to Rs611.99 million from Rs843.50 million recorded a year earlier. Meanwhile, finance costs surged to Rs579.32 million, significantly reducing profitability despite a notable increase in other income to Rs535.55 million.
As a result, Noon Sugar Mills reported a net loss of Rs95.23 million for the nine-month period, compared with a net profit of Rs266.50 million in the same period last year. The company recorded a loss per share (LPS) of Rs5.77, compared with earnings per share (EPS) of Rs16.13 a year earlier.
For the quarter ended June 30, 2026, the company’s performance also deteriorated sharply. Quarterly net sales declined to Rs1.98 billion from Rs3.49 billion, while it posted a quarterly net loss of Rs204.42 million, reversing a profit of Rs132.99 million reported in the corresponding quarter of last year.
The Board of Directors, in its meeting held on July 27, 2026, decided not to announce any cash dividend, bonus shares, right shares, or any other corporate action for shareholders.
The financial statements also show that the company’s total assets increased to Rs11.36 billion as of June 30, 2026, compared with Rs8.48 billion at the end of September 2025, while shareholders’ equity stood at Rs1.89 billion.
Despite achieving higher sales during the nine-month period, Noon Sugar Mills’ earnings remained under pressure due to weaker operating margins and substantially higher financing costs, resulting in an overall loss for the period.
