Karachi: Ansari Sugar Mills Ltd has released its financial statements for the third quarter ending June 30, 2025, showing a big move in gross profit, according to the Director's Report. The gross profit surged to PKR 555.14 million from PKR 138.55 million during the comparable period last year. The company reported a pre-tax loss of PKR 46.86 million, marking a very large or significant move compared to last year's pre-tax loss of PKR 711.56 million.

The company commenced its crushing operations for the 2024-25 season on November 20, 2024. The crushing season lasted for 108 days, compared to 97 days in the previous year. Ansari Sugar Mills crushed 150,685 metric tons of sugarcane, producing 13,109 metric tons of sugar. The sugar recovery rate experienced a minor move, declining from 9.125% to 8.810%.

According to information available from the Pakistan Stock Exchange (PSX), Ansari Sugar Mills procured sugarcane at prices ranging from PKR 425 to 435 per 40 kilograms for the ongoing season. The company also produced 7,754 metric tons of molasses, with a minor move in molasses recovery rate from 5.421% to 5.200%.

The Director's Report highlights the company's future strategies, including plans to diversify revenue streams through improved energy efficiency and selling by-products like bagasse and molasses. The company is also focusing on long-term engagements with farmers to enhance sugarcane cultivation prospects.

Government policies remain a crucial factor, with the company anticipating an improvement in the supply-demand balance for sugar. The Federal government's timely export permissions are expected to stabilize the local market and facilitate surplus exports. Ansari Sugar Mills is in advanced negotiations with bankers to restructure debts, which would improve its working capital position and pricing strategy during off-seasons.

The management anticipates a turnaround in the sugar industry, aiming to capitalize on favorable conditions for cane supply and plant capacity utilization in the coming seasons. The Directors express appreciation to employees, clients, business partners, and shareholders for their continued support and confidence in the company's operations.