Lahore: Haseeb Waqas Sugar Mills Limited has reported continued financial losses for the nine-month period ending June 30, 2026. The company remains non-operational during the crushing season, leading to zero production and sales, as detailed in their directors' review report dated July 31, 2026.

For the nine months ended June 30, 2026, the company recorded a gross loss of Rs. 197.67 million, slightly improved from the previous year's loss of Rs. 211.73 million. The net loss before tax stood at Rs. 206.84 million, compared to Rs. 222.02 million in the same period last year. After accounting for deferred taxation advantages amounting to Rs. 62.90 million, the net loss after tax was reported at Rs. 143.94 million, slightly improving from Rs. 150.12 million in 2025.

Despite a challenging financial environment, the management of Haseeb Waqas Sugar Mills Limited is working to secure necessary funds to commence the upcoming crushing season on time. The company's goal is to restart operations with full capacity, which they hope will help stabilize their financial situation.

According to information available from the Pakistan Stock Exchange (PSX), the company's financial performance has shown a moderate move with a basic earnings per share of Rs. (4.44) compared to Rs. (4.63) in the previous year. Administrative and general operating expenses for the period increased marginally to Rs. 10.42 million from Rs. 10.28 million last year.

Haseeb Waqas Sugar Mills Limited continues to face significant challenges as it navigates through its non-operational status. The upcoming months will be crucial in determining whether the company can secure the necessary funding to resume full operations in the next crushing season.