Al-abbas Sugar Mills Ltd.PSX: AABS

Financial Results for the quarter ended March 31, 2026

· Issued by Al-abbas Sugar Mills Ltd.

‌AL-ABBAS! SUGARg„,e,

Ref No.AASML/PSX/25-26/FINANCIAL RESULT/MAR-26

The General Manager,

M/s. Pakistan Stock Exchange Limited; Stock Exchange Building,

Stock Exchange Road, Karachi.

May 18, 2026

Sub: Dear Sir,

FINANCIAL RESULTS FOR THE HALF YEAR ENDED MARCH 31, 2026

We have to inform you that the Board of Directors of our Company in their meeting held on Monday, May 18, 2026 at 11:00 AM at Karachi recommended the following:

  1. CASH DIVIDEND

    An Interim Cash Dividend for the quarter ended at Rs. 7.50 per share i.e. 75%. This is in addition to Interim Dividend(s) already paid at Nil per share i.e. Nil

  2. BONUS SHARES

  3. RIGHT SHARES

    NIL NIL

    The unaudited Condensed Interim Financial Results as approved by the Board of Directors along with Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Statement of Cash Flows of the Company are appended as Annexure A.

    NOTE:

    1. As a matter of emphasis, the auditor has given a paragraph about uncertainty related to the outcome of the lawsuit filed against the company and others by a non-executive Director of the company.

    2. Consolidated Profit & Loss Accounts: Not Applicable

The Share Transfer Books of the Company will remain closed from June 02, 2026 to June 04, 2026 (both days inclusive). Transfers received at the Share Registrar Department M/s. CDC Share Services Limited; Karachi, at the close of business on June 01, 2026 will be treated in time for the purpose of above entitlement to the transferees.

The Quarterly Report of the Company for the period ended March 31, 2026 will be transmitted through PUCARS separately, within the s ecified time.

UHAIR ABBAS “ *

ompany Secretary

‌Annexure-A

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AL-ABBAS SUGAR MILLS LIMITED

r

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE HALF YEAR AND QUARTER ENDED MARCH 31, 2026

Half Year Ended Quarter Ended

March 31,

March 31,

March 31,

March 31,

2026

Note

2025

(Rupee

2026

s in '000)

2025

Turnover - net 16 4,553,619

6,907,015

1,842,322

2,132,861

Cost of sales

(3,405,474)

(5,698,651) (1,270,174)

(1,348,684)

Grnss profit

1,148,145

·1,208,364 572,148

784,177

Distribution cost

(538,812)

(303,896)

(227,322)

(184,246)

Administrative expenses

(l 17 536)

(101,501)

(59,80'i)

(51,�29)

Other operating expenses

(39,924)

(108,404)

(19,875)

(60,867)

(696,272)

(513,801) (307,002) {296,942)

Operating profit

451,873

694,563

265,146

487,235

Finance cost

{101,420)

(137,5r4)

(46,015)

(54,012)

Other income 248,288 402,978. 65,914 278,604

Profit before levy and taxation

598,741

960,027

285,045

7 l l,827

Levy

( l 07,961)

{125,205)

(38,370)

(99,503)

Profit before taxation

490,780

834,822

246,675

612,324

Taxation

(119,282)

(233,645)

(70,885)

(I 75,498)

Profit after taxation

371,498

· ·601,177

175,790

436,826

Basic and diluted earnings

per share. - Rupees

15

21.40

34.63

10.12

25.16

( The a e ·ed notes from l to 25 form an integral part of these financial statements.

'.

Director Chief Financial Officer

I

-

I

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AL-ABBAS SUGAR MILLS LIMITED

CONDENSED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME (UN-AUDITED) FOR THE HALF YEAR ENDED MARCH 31, 2026

Half Year Ended Quarter Ended

March 31, March 31, March 31, March 31,

2026 2025 2026 2025

Profit after taxation

371,498

601,177

175,790

436,826

Other comprehensive income for the period

(Loss)/ gain on remeasurement of investments at fair value through other comprt11ensiv'-' income - net ol tax

(I I 6,085)

47,603

(90,/25)

Total comprehen_sive income for· the period

255,413

648,780

85,065

433,469

- (Rupees in '000)

(3,357)

(

ed not s from I to 25 form an integral part ofthese financial statements.

Director

r.

(

3/5

,-

AL-ABBAS SUGAR MILLS LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT MARCH 31, 2026

March 31,

2026

(Un-audited)

September 30,

2025

(Audited)

ASSETS Note ---------- (Rupees in '000) ----------

NON CURRENT ASSETS

1,675,580

1,535,207

126

133

2s;532

29,396

270,103

399,191

19,466

"19,461

Prope1ty, plant and equipment Investment prope1ty

Right-of-use assets

Long tenn investments

( Long tenn deposits

CURRENT ASSETS

8

1,990,807

l,983,388

r-

Biological asset�

Stores and spares

464

240,197

2,42/

314,459

Stock-in-trade

9

8,556,427

2,375,453

Trade debts

7,727

99,440

Loans and advances

751.,491

243,772

Trade deposits and shoit term prepayments

. 83,084

70,018

Short term investments

10

157,222

7,312,771

Other receivables

906,632

150,201

Interest accrued

1,454

4,241

Cash and bank balances

II

1,091,030

1,347,627

·-

TOTAL ASSETS

EQUITY AND LIAilILITIESSHARE CAPITAL AND RESERVES

40,000,000 (2025: 40,000,000) shares ofRs. 10 each

400,000

400,000

Issued, subscribed and paid-up capital

17,362,300 (2025: 17,362,300) ordinary shares ofRs. LO each

173,623

l 73,623

Accumulated reserves 8,250,582

8,220,879

8,424,205 8,394,502

ON CURR.ENT LIABILITIES

Lease liability

20,554

20,596

Market committer fep pa:":ble Deferred taxation

21,527

131,136

21,5�/

147,346

Authorized capital

11,795,728

13 786 535

11,920,409

13,903,797

N

CURRENT LIABILITIES

Trade and other payables Accrued markup

Short tenn borrowings

Current portion of non-current liabilities Unclaimed dividend

13

Prov. ision for. taxation

173,217

1,788,309

1,770,062

17,833

57,078

3,019,101

3,064,683

4,571

8,856

72,039

70,407

287,260

348,710

12

189,499

5,189,113 5,319,796

, ,:o_tal Equit)'. and Li_abilitics

Director

CONTIN I NCIES AND COMMITMENTS

13,786,535

13,903,797

4/5

AL-ABBAS St:GAR �IILLS LIMITED

II

nr:,·r:nue ruervu

Unappropri>lI

Rr:seryu

profit

I

Subtotal

-------- (Rup••• 1n '000)------------

Total Ruervct

Capiul reserves

Other comprehensive income

CONDENSED INTERIM STATEMENT Of CHANG[S IN EQUITY (UN-AUDITED) FOR THE HALF YEAR ENDED MARCH JI, 2026

Issued,

.subscribed

.anrl p::iid up cu pieal

General

reserve:

Tot�I Shareholders' Equity

Profit arter taxation

Other comprehenslve income for the period

601,177

601,177

6 01,177

601,177

Gain on rcnm1surcmcnt ofinvc:s.tmi;:nls at fair vuluc lhrough

oth!r comprchcMivc income - O!t oftnx

47,603

47,60)

47,60]

Rcalis!d gain on sale ofinvcs1mcnt nt foir value 1hrough 01hcr

coniprchtnsivc income 11".111s fr,nd 10 unappropri:11ctl profit

--·

.---®

,� D::il3ntr: 11s at October I, 2024 (Audited)

(

-----

173,62] 1,453,000 6,439,794 7,897,794 (70,18.1)

--

7,8�7.609

(6)

I .

,,

Prom offer 1u::.tiun

Other comprehensive in�omc for lhc period

Loss on r

1alu� through olhcr comprch- nel ofltut

Total comprchcnsivc income for (he period

Tro.n1:u:1lans whh owners

Fino.I Di,•id.:nd 1025: R5. I J ru s:ho.r�

  • - - (116 085)

371 1J98 J7 I,49 8 (116,085)

(225, 710) (225, 7 111)

,4

371,498

371,498

Ii 16,085)

(I16,08 5)

DDDDD

To1:1.I cumprehen:i:h•t income fort:..: pc'. :od Tr:rnsnc:tions with owncn

601,177

601,177

47,j97

(6)

648,,

010,rN

Final Dividend 2024: Rs. 25 per sh.ir�

(434,05B)

(434,05 8 )

(434MB)

(434,05 8 )

�nbncc ns nt ilnrcl� 31 1 ,2025 (Un-Audited)

173,623

1,458,000

6,606.91)

8,064,9IJ

(22,588 )

8,042,325

8,215,148

Ou1:rncc :n :at Oc1obcr I 1 2025 (Audilcd)

173,623

J,HS,000

6,6 51,673

8,109,673

111,206

8,220,879

8,394.:lC.1

2S5,4 IJ 155,4 IJ

(215,71 0) (225,710)

= I 7=J=,6=2=J= ==='·=">8= =, l =ln O= ====6=•;,;797,4 6 I= =�R ,h:;;"5,4 6 1= ====�(4� ,8 7�9) =�R,2:;; 50,>-R2� ===8=,4=2=4=,2=0=5=

= =

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5/5

AL-ABBAS SUGAR MILLS LIMITED

CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED) FOR THE HALF YEAR ENDED MARCH 31, 2026

Note

March 31, March 31,

2026 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Cash (used in)/ generated from operations

14

(6,753,706)

106,512

Finance cost paid

(138,250)

(114,684)

Workers' Profit Participation Fund paid

(414)

Market committee tees paict

(1,000)

(1,000)

Taxes and levy paid

(291,901)

(180,325)

Long te1m deposits paid

Long te1m loans recovered

(5)

(431,570)

(295,935)

----��(Rupees in '000)-----

(

74

- . Net cash used in operating activities

(7,185,276) - ..

. (-189,423)

CASH FLOWS FROM INVESTING ACTIVlTIES

Addition to property, plant and equipment Proceed from disposal of long tenn investment

,-

Disposal of investments in Mutual Funds, TDRs and T-Bills - net Interest/ markup received

I1 Dividend received

(

. Net_ cash generated from i!1vesting activities

CASH FLOWS FROM FINANCING ACTIVITIES

. -

Repayment of lease rentals

S_ho_rt term borrowing obtained - net

(45,583)

(153,330)

·- Net _cash use_d in fi!1anc_ing activities

(276,675)

(590,626)

Net decrease in cash and cash equivalents

(256,597)

(15,678)

Cash ·and cash equivalents at beginning of the year

1,347,627

86,062

'' ·cas. ·h ;nd cash �qui��lents at the end of the period

11

1,091,030

70,384

Dividend paid

(199,244)

--

..

(40,081)

. -...

-,201

7,356,597

794,163

43,932

8,963.

4,069

I,125

7,205,354 764,371

(5,379)

(431.917)

(7,014)

(224,078)

1r- .·

. . •.

·.-

, . :- .

tes from 1 to 25 fonn an integral pa,t of these financial statements.

Director

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