Karachi: Dewan Sugar Mills Limited has reported a significant decline in its annual net sales for the year ending September 30, 2025, as the company's financial performance continues to face challenges. The financial results, disclosed following a Board of Directors meeting on December 31, 2025, at Dewan Centre in Karachi, highlighted a series of financial setbacks for the company over the past year.

Net sales for the year stood at 1.30 billion rupees, down from 2.48 billion rupees in the previous year, marking a very large or significant move of -47.76%. This decline in sales was accompanied by a gross loss of 994.88 million rupees, compared to a gross loss of 453.61 million rupees the previous year. Administrative and general expenses saw a reduction, coming in at 70.20 million rupees, while distribution and selling costs also declined to 23.38 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company reported a loss before taxation of 656.41 million rupees, a slight improvement from the previous year's loss of 674.51 million rupees. The net loss after tax was recorded at 572.40 million rupees, compared to 608.93 million rupees in the prior year. This resulted in a loss per share of 6.25 rupees, compared to 6.65 rupees in the previous year.

The company's financial position at the end of the fiscal year showed total assets of 7.94 billion rupees, down from 9.01 billion rupees in the previous year. The cash and cash equivalents at the end of the year were reported at 15.56 million rupees, a decrease from 28.13 million rupees at the beginning of the year.

The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other entitlements for the period. The auditors noted observations regarding loans, markup provisions, and the going concern assumption of the company. The Annual General Meeting is scheduled for January 26, 2026, in Karachi, with share transfer books to be closed from January 19 to January 26, inclusive.