Karachi: Ansari Sugar Mills Ltd has announced its financial results for the year ending September 30, 2025, revealing a significant financial downturn despite a notable increase in sales. The company, in a meeting held on January 7, 2026, disclosed a loss after taxation of 1.44 billion rupees, compared to the previous year's loss of 858.96 million rupees.
The Board of Directors decided against declaring any cash dividend, bonus shares, or right shares for the fiscal year. The meeting, held at the company's head office in Karachi, confirmed there are no other entitlements or corporate actions recommended, nor any price-sensitive information to report.
The company's statement of financial position highlights non-current assets at approximately 9.13 billion rupees, a slight increase from the previous year. Current assets amounted to approximately 5.49 billion rupees, remaining stable from the previous fiscal year. However, a significant increase in accumulated losses was observed, rising to 4.81 billion rupees from 3.41 billion rupees, affecting the overall equity position, which stood at approximately 2.67 billion rupees, down from 4.12 billion rupees in the prior year.
A substantial increase in sales, recorded at 1.67 billion rupees, up from 716.92 million rupees in 2024, was overshadowed by the rising costs of sales, which increased to 1.39 billion rupees from 503.68 million rupees. Despite achieving a gross profit of 281.36 million rupees, up from 213.25 million rupees, the operating profit decreased to 120.38 million rupees from 130.44 million rupees due to increased selling, distribution, and administrative expenses.
According to information available from the Pakistan Stock Exchange (PSX), the financial results saw a very large or significant move in taxation, with the company incurring a tax expense of 884.21 million rupees compared to a tax credit of 72.20 million rupees the previous year. This change contributed to the substantial loss after taxation.
The annual general meeting is scheduled for January 28, 2026, at Barzaan Lawn, Navy Welfare Centre, Fleet Club, Lucky Star Saddar, Karachi. Shareholders will have the opportunity to discuss these financial results, with the share transfer books closing from January 21, 2026, to January 28, 2026.
The company's annual report will be transmitted via PUCARS at least 21 days before the annual general meeting, ensuring shareholders are well-informed ahead of the discussions. As the company navigates these financial challenges, stakeholders will be keen to understand the strategic plans to address the ongoing losses and improve financial stability.