Lahore: In an announcement made on July 31, 2026, Haseeb Waqas Sugar Mills Limited disclosed its financial results for the third quarter ending June 30, 2026. The Board of Directors, during a meeting held on July 30, 2026, at 4:00 p.m. at the company's registered office, reviewed and approved the financial figures reflecting a challenging period for the organization.

According to the data presented, the company reported a gross loss of 65.82 million rupees for the quarter, compared to a gross loss of 70.31 million rupees in the same period last year. This indicates a moderate move in financial performance compared to the previous year. The operating expenses stood at 65.96 million rupees, slightly less than the 74.18 million rupees recorded in the third quarter of 2025.

The company's loss from operations was reported at 65.96 million rupees, showing a reduction from the previous year's loss of 74.18 million rupees. Other operational income was noted at 1.25 million rupees for the nine months period ending June 30, 2026, a figure that was absent in the same period last year.

Finance costs remained minimal, with a recorded expenditure of 7,266 rupees over the nine-month period and no finance costs incurred in the third quarter. After accounting for deferred taxation of 36.26 million rupees, the loss after taxation for the quarter stood at 65.96 million rupees, significantly higher than the 37.24 million rupees recorded in the same quarter the previous year. This represents a very large or significant move in the company's financial position. The company’s loss per share was recorded at 2.04 rupees for the quarter, up from 1.15 rupees in the third quarter of 2025.

According to information available from the Pakistan Stock Exchange (PSX), the results underscore the financial difficulties faced by the company, categorized under the designated market category of sugar mills. The continuous financial challenges reflected in the company's increasing losses highlight ongoing operational and market challenges.

The financial results for the nine months period ending June 30, 2026, show a cumulative gross loss of 197.67 million rupees, compared to a loss of 211.73 million rupees in the corresponding period of 2025. Despite the challenging outcomes, the Board of Directors remains committed to addressing the financial hurdles confronting the company.