PESHAWAR: The Premier Sugar Mills & Distillery Company Limited has reported its financial results for the nine-month period ending June 30, 2026, revealing a significant improvement in its financial performance compared to the corresponding period last year. The company has managed to narrow its loss after taxation to Rs. 244.95 million from Rs. 322.87 million in the previous year, showing a notable financial recovery.

The improvement in financial performance is attributed primarily to a substantial increase in ethanol export sales, following the successful upgrade and operational stabilization of the Ethanol Plant in January 2025. This strategic enhancement has allowed the company to increase its net sales to Rs. 2.99 billion, a significant rise from Rs. 1.44 billion in the corresponding period last year. Consequently, the company achieved a gross profit of Rs. 259.08 million, a remarkable improvement from the Rs. 16.61 million reported in the previous year.

The Ethanol Division, in particular, has been a strong performer, generating an operating profit of Rs. 290.32 million, which has largely offset the operational losses incurred by the Sugar Division. The Sugar Division faced challenges due to high procurement and production costs, resulting in an operating loss of Rs. 431.12 million.

According to information available from the Pakistan Stock Exchange (PSX), the company also reported a reduction in finance costs, which decreased to Rs. 169.40 million from Rs. 223.70 million in the previous year. This reduction is seen as a positive step towards the company's financial stabilization.

Operationally, the Ethanol Fuel Plant produced 14,015 metric tons of ethanol by July 22, 2026. The upgrade has increased the production capacity to 65,000 liters per day of Extra Neutral Alcohol (ENA), which is expected to enhance efficiency, boost sales, and further improve profitability.

On the other hand, the Sugar Division faced operational challenges, with crushing operations commencing on November 6, 2025, and concluding just 12 days later on November 17, 2025, due to limited sugarcane availability. During this period, the company processed 12,429 metric tons of sugarcane, achieving a sugar recovery ratio of 8.08% and producing 935.250 metric tons of sugar.

The company's balance sheet reflects total assets of Rs. 5.18 billion, with shareholders' equity at Rs. 1.04 billion. Non-current liabilities stand at Rs. 978.58 million, while current liabilities are reported at Rs. 3.16 billion.

The management remains optimistic about the future, focusing on continued operational efficiencies, sustained ethanol export performance, and prudent financial management to drive further improvements in the company's financial performance in the coming periods.