Karachi: Al-Noor Sugar Mills Limited has released its un-audited financial results for the nine-month period ending June 30, 2026, showing a decrease in profit after taxation to Rs. 27,556,000 from Rs. 39,975,000 in the same period last year. The report, dated July 29, 2026, highlights increased production of sugar and molasses, despite reduced sales revenue.

The company crushed 886,406 metric tons of sugarcane, up from 747,944 metric tons the previous year, producing 90,853 metric tons of sugar, an increase from 71,515 metric tons. Molasses production also rose to 45,580 metric tons from 39,072 metric tons, while the sugar recovery percentage improved to 10.25% from 9.56%.

Financially, Al-Noor Sugar Mills experienced a decrease in sales revenue to Rs. 10.50 billion from Rs. 11.54 billion, marking a big move. Despite this, the company managed to maintain its gross profit at Rs. 1.71 billion compared to the previous year's Rs. 1.70 billion, due to a reduction in the cost of sales to Rs. 8.79 billion from Rs. 9.84 billion.

According to information available from the Pakistan Stock Exchange (PSX), the company's distribution costs decreased, reaching Rs. 142.939 million from Rs. 162.847 million, while administrative expenses were reduced to Rs. 726.950 million from Rs. 808.936 million. Other income, however, fell significantly to Rs. 52.833 million from Rs. 187.907 million.

The profit before levies and income tax was Rs. 228.249 million, a minor increase from Rs. 223.211 million last year. However, increased levies of Rs. 152.853 million, up from Rs. 47.902 million, contributed to a decrease in profit before income tax to Rs. 75.396 million from Rs. 175.309 million.

The company's total assets rose to Rs. 21.90 billion from Rs. 16.31 billion as of September 2025. Current liabilities also increased significantly to Rs. 9.50 billion from Rs. 5.31 billion. The increase in liabilities is attributed to higher short-term borrowings, which rose to Rs. 7.07 billion from Rs. 2.94 billion.

Earnings per share dropped to Rs. 1.35 from Rs. 1.95, reflecting the overall decrease in profitability. Despite operational challenges, the company's directors expressed optimism about future performance, emphasizing their commitment to enhancing production efficiency and cost management.