Karachi: Al-Noor Sugar Mills Limited has released its un-audited financial statements for the first quarter ending December 31, 2025, revealing a decline in both sugarcane crushing and sugar production compared to the same period last year. The company’s performance has been impacted by a range of factors, including increased costs of raw materials and transportation.

The sugar division of Al-Noor began its crushing operations on December 4, 2025, processing 154,292 metric tons of sugarcane by the end of the month. This figure stands in contrast to the 202,650 metric tons processed during the previous year’s equivalent period. Consequently, sugar production also fell to 12,690 metric tons from last year’s 16,660 metric tons. Despite these challenges, the recovery rate showed a moderate move, increasing from 9.22% to 9.64%.

According to information available from the Pakistan Stock Exchange (PSX), the MDF Board division reported a notable production increase, rising by 28.40% to 17,870 cubic meters, compared to 13,918 cubic meters in the same period last year. The company’s board anticipates further production gains as the year progresses.

Financial results for the quarter indicate sales of 4.51 billion rupees, down from 5.61 billion rupees in the same period of 2024. The cost of sales decreased to 3.77 billion rupees from 5.23 billion rupees, resulting in a gross profit of 742.36 million rupees, which represents a significant improvement from the previous year’s 376.45 million rupees.

Despite the financial gains, the distribution and administration expenses increased slightly, with administration expenses reducing to 247.34 million rupees from 275.98 million rupees. The finance cost also showed a big move, dropping to 113.09 million rupees from 193.57 million rupees. Consequently, the profit after levies and income tax stood at 101.97 million rupees, a reversal from the loss of 43.10 million rupees recorded in the same quarter of the previous year.

The company’s financial position as of December 31, 2025, shows total assets amounting to 17.98 billion rupees, up from 16.31 billion rupees as of September 2025. The increase is partly attributable to higher trade debts and short-term investments.

Al-Noor Sugar Mills Limited’s management acknowledged the continued dedication of its workforce amidst these operational challenges, emphasizing their contribution to sustaining the company’s operations.