Lahore: The Directors of Noon Sugar Mills Limited have released the condensed interim financial statements for the nine-month period ending June 30, 2025, highlighting key financial and operational metrics. The company's net sales reached 9.37 billion rupees, marking a Big move compared to the previous year's 7.86 billion rupees. However, gross profit witnessed a Big move decline, falling to 843 million rupees from the previous 1.64 billion rupees. Earnings before tax showed a Minor move, with 385 million rupees compared to 428 million rupees in the prior period. The taxation for the period stood at 119 million rupees, leading to earnings after tax of 266 million rupees, reflecting a Minor move drop from 293 million rupees last year. Basic earnings per share experienced a Minor move, decreasing to 16.13 rupees from 17.75 rupees.

According to information available from the Pakistan Stock Exchange (PSX), the operational performance for the Sugar Division revealed that 638,503 metric tons of sugarcane were crushed, resulting in 63,810 metric tons of sugar produced. This was achieved with an average sucrose recovery rate of 10.00% over 104 days, compared to the previous year's 712,164 metric tons crushed and 73,597 metric tons produced with a 10.30% sucrose recovery over 98 days. The operational span for the Distillery Division was 174 days, processing 65,568 metric tons of molasses and producing 12,885 metric tons of ethanol, with an average yield of 245 liters per metric ton. This was an increase from the corresponding period last year, where 54,651 metric tons of molasses were processed, resulting in 10,076 metric tons of ethanol produced at an average yield of 242 liters per metric ton over 147 days.

Looking forward, initial surveys indicate a 10% increase in the sowing area for sugarcane, with favorable pre-monsoon conditions expected to enhance yield and sucrose recovery. Although sugar prices show a positive trend, government interventions aimed at controlling prices could affect market dynamics. The sugar industry continues to advocate for deregulation to ensure market stability. Meanwhile, the Distillery Division faces challenges due to subdued international demand for ethanol, compounded by the European Union's suspension of GSP+ status for ethanol from Pakistan. Management is actively seeking alternative markets to mitigate potential price pressures.

The Board expressed gratitude to stakeholders and employees for their continued support and dedication to the company's efforts.