Karachi: Sindh Abadgar's Sugar Mills Limited announced its financial results for the first quarter ending December 31, 2025, on Tuesday, January 27, 2026. The Board of Directors, in their meeting held at the company's registered office in Karachi, reported no cash dividend, bonus shares, right shares, or any other corporate actions for the period, reflecting the company’s current financial challenges.

The company's financial statements revealed a net revenue of 1.22 billion rupees for the quarter, a decrease from the 1.34 billion rupees recorded in the same period last year. The cost of sales was reported at 1.24 billion rupees, resulting in a gross loss of 26.04 million rupees compared to a gross profit of 33.25 million rupees in the previous year. Administrative expenses slightly increased to 46.39 million rupees from 44.08 million rupees, while selling and distribution expenses decreased to 2.11 million rupees from 4.20 million rupees.

Operating performance resulted in a loss of 74.54 million rupees, a significant downturn from last year’s operating loss of 15.03 million rupees. The finance cost reduced to 7.99 million rupees from 24.57 million rupees, while other income increased to 17.10 million rupees from 6.04 million rupees. The loss before levies and taxation stood at 66.83 million rupees, increasing from 33.77 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the taxation benefit for the quarter amounted to 36.68 million rupees, up from 14.34 million rupees in the prior year. Despite the taxation benefit, the company reported a loss after taxation of 45.47 million rupees, widening from a loss of 37.67 million rupees in the previous year. This resulted in a loss per share of 4.36 rupees, compared to a loss of 3.61 rupees per share last year.

In terms of equity, the company's accumulated losses increased, despite the transfer of 27.88 million rupees from surplus on revaluation of property, plant, and equipment. A cash dividend of 20% declared for the year ended September 30, 2025, further impacted the equity, bringing the total equity to 3.11 billion rupees as of December 31, 2025.

The company's financial position highlights the challenges faced in the sugar industry, affecting its profitability and capital reserves. The report was submitted in accordance with the Pakistan Unified Corporate Reporting System (PUCARS) requirements.