Mardan: The Premier Sugar Mills & Distillery Company Limited has released its annual financial report for the fiscal year ending September 30, 2025, revealing substantial losses and a decrease in revenue. This comes ahead of its scheduled Annual General Meeting on January 28, 2026.
The company's turnover for 2025 was reported at 1.98 billion rupees, a decrease from the previous year's 1.40 billion rupees. The company experienced a loss from operations amounting to 265.89 million rupees, compared to a 196.40 million rupee loss in 2024. Loss before tax for 2025 was recorded at 602.90 million rupees, showing a considerable increase from the 449.01 million rupees loss before tax the previous year.
The financial health of the company further worsened with a reported loss after tax of 589.94 million rupees for the year 2025, up from a loss of 173.11 million rupees in 2024. Shareholders' equity also saw a decline, standing at 1.29 billion rupees compared to 1.87 billion rupees in the previous year. Notably, the company's total assets increased to 5.29 billion rupees from 4.10 billion rupees in 2024, while non-current liabilities rose to 1.21 billion rupees from 983.89 million rupees.
The company's sugar production dropped significantly, with only 12,429 metric tons of cane crushed in 2025, yielding 935.25 metric tons of sugar, a big move from the 130,269 metric tons of cane crushed in 2024, which produced 12,477.30 metric tons of sugar. The ethanol production, however, showed a remarkable increase, with 3.50 million gallons produced in 2025 compared to 920,400 gallons in 2023.
According to information available from the Pakistan Stock Exchange (PSX), The Premier Sugar Mills & Distillery Company Limited's performance reflects substantial challenges in its operations, impacting its financial stability. The current ratio, a liquidity measure, stood at 0.62 in 2025, showing a slight improvement from 0.40 in 2024, while the operating loss margin remained relatively stable at 13.42% in 2025 compared to 13.98% in the previous year, both classified as minor moves.
The board of directors is set to address these financial results in the upcoming Annual General Meeting, where shareholders will consider the adoption of the audited financial statements for the year ended September 30, 2025. Additionally, the meeting will discuss the reappointment of auditors M/s. ShineWing Hameed Chaudhri & Co., Chartered Accountants, Lahore.
The agenda also includes special resolutions to ratify transactions conducted with related parties and authorize future transactions under Section 208 of the Companies Act, 2017. These resolutions are aimed at ensuring compliance with applicable laws and regulations while facilitating the company's ordinary business operations.
In conclusion, The Premier Sugar Mills & Distillery Company Limited faces a challenging financial landscape as it navigates declining revenues and increasing losses. The forthcoming Annual General Meeting will be crucial in addressing these issues and charting a path forward for the company.