Lahore: Noon Sugar Mills Limited, in its latest financial disclosure dated July 17, 2026, revealed notable changes in its financial position and performance, particularly highlighting the company's adherence to Shariah principles under the Companies Act, 2017. The report presents un-audited figures as of March 31, 2026, juxtaposed with audited figures from September 30, 2025.
The financial statement of assets shows that bank balances under conventional methods saw a significant increase, reaching 397.02 million rupees from 57.96 million rupees. Conversely, Shariah-compliant bank balances saw a rise to 74.15 million rupees from a mere 1.09 million rupees.
On the liabilities side, the long-term finances saw a very large or significant move in Shariah-compliant financing, jumping to 855.56 million rupees, while conventional long-term finances decreased to 474.25 million rupees from 1.42 billion rupees. Short-term borrowings under Shariah compliance rose to 5.50 billion rupees from 1.65 billion rupees, while conventional borrowings increased to 2.72 billion rupees from 1.16 billion rupees.
The statement of profit and loss and other comprehensive income highlighted substantial revenue growth in Shariah-compliant business segments, escalating to 6.09 billion rupees from 5.21 billion rupees. Conventional revenue also saw a big move, climbing to 2.24 billion rupees from 664.51 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the mark-up or profit on long-term Shariah-compliant financing surged to 60.29 million rupees, while conventional financing mark-up fell to 31.75 million rupees from 70.14 million rupees. Similarly, the mark-up on short-term Shariah-compliant financing rose to 169.53 million rupees from 155.91 million rupees, with conventional financing mark-up decreasing to 56.33 million rupees from 78.60 million rupees.
The report also detailed other income streams, notably a gain from the sale of bagasse, fusel oil, and press mud sales-net, which amounted to 390.47 million rupees under Shariah compliance compared to 62.85 million rupees previously.
Noon Sugar Mills Limited maintains banking relations with several prominent Shariah-compliant financial institutions, including Meezan Bank Limited, Dubai Islamic Bank Limited, and Bank Islami Pakistan Limited, among others, which facilitate both short and long-term financing. This strategic alignment with Shariah-compliant financing institutions reflects the company’s commitment to adhere to Islamic financial principles while expanding its financial operations.