Lahore: The Thal Industries Corporation Limited has released its un-audited financial results for the quarter ending March 31, 2026, amidst a challenging economic landscape that includes inflationary pressures and increased operational costs. The report, dated May 25, 2026, presents a nuanced view of the company’s performance in Pakistan's second-largest agro-based industry, sugar, which contributes 3.5% to agricultural value addition and 0.8% to the national GDP.

The 2025-26 sugarcane crushing season saw Thal Industries processing 2,913,950.703 metric tons of sugarcane, an increase of 16.47% from the 2,501,854.655 metric tons processed in the same period last year. This led to the production of 304,943.700 metric tons of white refined sugar, compared to 241,471.300 metric tons previously, with an improvement in the recovery rate from 9.655% to 10.469%. The increase in sugarcane availability and improved cane quality contributed to these gains.

Despite the increased production, net sales for the first half of the financial year fell to PKR 11,990.198 million from PKR 24,586.329 million in the previous year. According to information available from the Pakistan Stock Exchange (PSX), this marked a very large or significant move in revenue decline. However, profit before tax rose to PKR 583.540 million, compared to PKR 390.107 million last year, driven by better selling prices and reduced finance costs.

Thal Industries did not benefit from any government-mandated support prices for sugarcane this season, as provincial governments allowed market forces to dictate pricing. The company procured sugarcane at an average rate of PKR 465.17 per maund.

The company remains focused on enhancing operational efficiency and cost management through technological advancements and modernization. Thal Industries continues to support cane growers by providing essential resources and technical assistance to improve crop yield and sugar recovery levels, thereby aiming for sustainable growth and profitability.