Karachi: Mirpurkhas Sugar Mills Limited announced its financial results for the period ended June 30, 2026, revealing a significant financial downturn as reflected in their latest financial statements. The company held a Board of Directors meeting on July 30, 2026, at its head office in Karachi, where it was decided that no cash dividend, bonus shares, or right shares would be distributed for this period.
The financial statement indicates total assets amounting to 16.05 billion rupees, up from 14.00 billion rupees as of September 30, 2025. Non-current assets increased to 8.69 billion rupees, with notable growth in property, plant, and equipment which rose to 7.06 billion rupees from 6.83 billion rupees. Deferred tax assets also showed a rise to 167.83 million rupees from 89.29 million rupees. Current assets climbed to 7.36 billion rupees, primarily driven by an increase in stock-in-trade, rising to 3.67 billion rupees from 1.61 billion rupees.
The company's equity showed a decrease, with total equity standing at 2.49 billion rupees, down from 2.80 billion rupees. Reserves decreased to 1.17 billion rupees from 1.48 billion rupees, while long-term financing slightly reduced to 3.95 billion rupees from 3.99 billion rupees. Current liabilities saw a substantial increase, reaching 8.85 billion rupees from 6.38 billion rupees, with short-term borrowings rising to 6.58 billion rupees from 4.69 billion rupees, marking a very large move.
According to information available from the Pakistan Stock Exchange (PSX), Mirpurkhas Sugar Mills reported a turnover of 8.78 billion rupees, down from 9.58 billion rupees in the previous period, indicating a moderate move. The cost of sales decreased to 7.69 billion rupees from 8.20 billion rupees, resulting in a gross profit of 1.09 billion rupees, down from 1.37 billion rupees. The company's operating profit declined to 579.28 million rupees from 901.75 million rupees, as administrative expenses rose to 275.83 million rupees from 248.37 million rupees.
The finance cost incurred was 851.86 million rupees, slightly lower than the previous 918.93 million rupees. The company registered a significant loss before taxation of 171.63 million rupees, compared to a loss of 28.58 million rupees in the previous period. The net loss after taxation was reported at 188.36 million rupees, a very large move downward from the prior period's loss of 28.58 million rupees.
These financial results reflect ongoing challenges faced by Mirpurkhas Sugar Mills Limited, amid rising liabilities and decreased profitability, as the company navigates a difficult economic environment.