Karachi: Al-Noor Sugar Mills Ltd. announced its financial results for the nine-month period ending June 30, 2026. The Board of Directors meeting, held on July 28, 2026, revealed a decline in the company's profitability compared to the previous year.
For the nine-month period, the company reported sales amounting to Rs 10.50 billion, a decrease from Rs 11.54 billion during the same period in 2025. This represents a very large or significant move of -8.98% in sales. The cost of sales also decreased to Rs 8.79 billion from Rs 9.84 billion in 2025, resulting in a gross profit of Rs 1.71 billion, marginally higher than the Rs 1.70 billion reported the previous year.
The profit from trading activity was recorded at Rs 707,000, while distribution costs decreased to Rs 142.94 million from Rs 162.85 million in 2025. Administrative expenses also saw a reduction, ending at Rs 726.95 million compared to Rs 808.94 million the previous year. Other expenses were reported at Rs 11.33 million, a decrease from Rs 14.23 million in the prior period.
Operating profit for the period increased to Rs 826.75 million, up from Rs 711.30 million in 2025. However, a decrease in other income to Rs 52.13 million from Rs 187.91 million in the previous year impacted the total operating income, which stood at Rs 878.87 million, slightly down from Rs 899.20 million in 2025.
The finance cost incurred by the company was Rs 731.98 million, down from Rs 777.90 million last year. Despite a share of profit from associates amounting to Rs 81.36 million, profit before levies and tax was reported at Rs 228.25 million, up from Rs 223.21 million in 2025.
According to information available from the Pakistan Stock Exchange (PSX), the company posted a net profit of Rs 27.56 million for the nine-month period, a decrease from Rs 39.98 million last year, marking a significant move of -31.06%. The earnings per share for the period were Rs 1.35, down from Rs 1.95 in 2025.
In terms of cash flow, the company reported net cash used in operating activities of Rs 4.63 billion, a notable increase from Rs 1.55 billion in 2025. Investing activities resulted in a net cash outflow of Rs 225.88 million, while financing activities generated a net cash inflow of Rs 4.65 billion.
The company's cash and cash equivalents at the end of the period stood at a deficit of Rs 694.07 million, compared to a positive balance of Rs 306.01 million at the end of the same period last year.
No cash dividend, bonus issue, or right shares were proposed by the Board of Directors for the period. Additionally, no other entitlements or corporate actions were declared. The financial results are accompanied by detailed statements of profit and loss, financial position, changes in equity, and cash flows. The company's quarterly report will be transmitted through PUCARS within the specified time.