Karachi: Tariq Corporation Limited released its condensed interim financial statements for the nine months ending June 30, 2026, showcasing a notable increase in profits and sugar production compared to the same period last year. The financial report, dated July 30, 2026, provides a comprehensive overview of the company's operations and financial performance in the designated market category.
The company reported that sugarcane crushed reached 709,018 metric tons, up from 662,775 metric tons during the previous year. In tandem, sugar production increased to 63,300 metric tons from 57,237 metric tons, with sugar recovery improving to 8.92% from 8.65%. This constitutes a moderate move in production quantities and recovery rates.
On the financial front, sales rose to 8.84 billion rupees from 7.51 billion rupees, marking a very large or significant move. The gross profit surged to 363.06 million rupees from 163.13 million rupees, and profit before taxation climbed to 171.53 million rupees from 22.02 million rupees. Profit after taxation witnessed a substantial leap to 81.25 million rupees, up from 7.72 million rupees, while earnings per share increased to 1.23 rupees from 0.12 rupees.
The company's financial position as of June 30, 2026, reflects total assets amounting to 9.35 billion rupees, compared to 8.60 billion rupees as of September 30, 2025. Non-current assets stood at 5.30 billion rupees, while current assets were 4.04 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), Tariq Corporation Limited's operating expenses, including administrative and general expenses, selling and distribution costs, and other operating expenses, totaled 278.69 million rupees, up from 259.51 million rupees. However, the company managed to offset these costs with other operating income of 209.64 million rupees, a significant increase from 5.36 million rupees.
The financial statements reveal that the finance cost remained relatively stable at 124.45 million rupees, similar to the previous year's 124.50 million rupees. The profit before levy and income tax was reported at 171.53 million rupees, while the levy amounted to 110.71 million rupees, up from 100.40 million rupees.
Income tax expenses for the period were 20.43 million rupees, a decline from 86.09 million rupees recorded in the previous year. Consequently, the profit after income tax reached 81.25 million rupees, marking a significant improvement from the previous year's 7.72 million rupees.
These financial results underscore Tariq Corporation Limited's improved operational efficiencies and increased production capabilities, contributing to its enhanced profitability for the first nine months of 2026.