Karachi: The financial performance of Al-Abbas Sugar Mills Limited for the nine months ended June 30, 2026, reflected a marked decrease in both revenue and profit compared to the same period last year. According to the unaudited condensed interim financial statements released on July 30, 2026, the company's overall profit before taxation fell to Rs. 737.38 million from Rs. 1,556.19 million in the previous year, and the profit after taxation decreased to Rs. 552.68 million from Rs. 1,081.57 million.
The sugar division, a key component of the company, reported net sales of Rs. 1,097.58 million, a significant decline from Rs. 5,277.75 million during the same period last year. This decline was attributed primarily to lower sales volumes. Despite the drop in revenue, the division saw an increase in sugar production by 7.93%, driven by improved sucrose recovery rates from 9.62% to 10.72%.
According to information available from the Pakistan Stock Exchange (PSX), the ethanol division's sales also saw a decline, recording Rs. 6,378.82 million compared to Rs. 7,118.23 million in the previous year. The decrease was attributed to lower sales volumes and reduced average selling prices. However, the division continued to contribute to foreign currency earnings through its export-oriented operations.
The company’s other business segments showed resilience, reporting a net profit of Rs. 199.33 million, up from Rs. 123.56 million in the prior-year period. This growth was largely due to increased investments in mutual funds and improved occupancy levels at the bulk storage terminal, which now operates near its optimal capacity.
Operationally, the sugar division commenced its season on December 5, 2025, running for 76 days, which was less than the 81 days in the previous season. The division crushed 390,394 metric tons of sugarcane, a slight decrease from the previous year's 403,423 metric tons. The ethanol division produced 24,202 metric tons, down from 31,586 metric tons, and sold 27,822 metric tons compared to 32,356 metric tons last year.
The directors of Al-Abbas Sugar Mills Limited expressed optimism that the operations of the power, chemical, and alloy division would recommence when economic conditions improve and production becomes commercially viable.