Tariq Corporation Limited (PSX: TCORP) has reported a substantial improvement in its financial performance for the nine months ended June 30, 2026, driven by higher sugar production, stronger sales, and improved operational efficiency. The company’s latest unaudited financial statements reflect a sharp increase in profitability compared to the corresponding period last year.
The company recorded net sales of Rs. 8.84 billion, marking a 17.8% increase from Rs. 7.51 billion reported in the same period of the previous year. The growth was supported by higher sugar production and improved sales volumes, as the company continued to benefit from better operational performance and increased sugarcane availability.
During the reporting period, Tariq Corporation crushed 709,018 metric tons of sugarcane, up from 662,775 metric tons a year earlier. Sugar production rose by 10.5% to 63,300 metric tons, while sugar recovery improved to 8.92% from 8.65%, reflecting better cane quality, enhanced support for growers, and improved mill efficiency.
Gross profit more than doubled to Rs. 363.06 million, compared with Rs. 163.13 million in the corresponding period last year. Although finance costs remained largely unchanged at approximately Rs. 124.45 million, stronger operating performance lifted profit before taxation to Rs. 171.53 million, significantly higher than Rs. 22.02 million recorded a year earlier.
The company posted profit after taxation of Rs. 81.25 million, representing more than a tenfold increase from Rs. 7.72 million in the same period last year. Consequently, earnings per share (EPS) improved to Rs. 1.23, compared with Rs. 0.12 previously.
Management attributed the improved performance to continued investment in operational efficiency, energy conservation initiatives, and comprehensive support for sugarcane growers through agronomic assistance, timely provision of agricultural inputs, and technical guidance aimed at enhancing crop yields and recovery rates.
Looking ahead, the company expects the upcoming crushing season to benefit from improved sugarcane availability supported by favorable weather conditions and ongoing investment in cane development. Management also plans to continue optimizing production costs, improving recovery rates, and exploring investments in new ventures and machinery to diversify revenue streams and strengthen long-term profitability.
