Baba Farid
Sugar Mills Limited
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
to. BFSML/BoD/2Qtr/2026
May 18, 2026
SUBJECT: FINANCIAL RESULTS FOR THE QUARTER ENDED 31-03-2026Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on Monday the 18" May 2026 at 12.00 hours at the Registered office, 2-D-1, Gulberg III, Lahore recommended the following:
Financial Results for the 2•' Quarter ended 31* March 2026.
Statement ofFinancial Position for the 2"' Quarter ended 31't March 2026.
Statement of Changes in Equity for the 2"' Quarter ended 31" March 2026.
Statement of Cash Flows for the 2"' Quarter ended 31" March 2026.
The Quarterly Report of the Company for the period ended will be transmitted through PUCARS separately, within the specified time.
Yours faithfully,
For and on beh If of
Baba Farid S ar Mills Limited,
4
(MUHAMMAD IMRAN) Company Secretary *Encl: As above
Copy to:
Executive Director/HOD,Offsite-11 Depaitment, Supervision Division, Securities & Exchange Commission ofPakistan,
63-NIC Building, Jinnah Av-enue, Blue Area, lslamabad.
Head Office: 2-D-1, Gulberg III, Lahore, Pakistan | Email: info@bfsml.com | Site: Skm Faisalabad Road, Okara |
Tel: +92 (42) 35771066-71 I Fax: +92 (42) 35756687 | Website: https://www.bfsmI.com | Tel: +92 (44) 2714418-20 | Fax: +92 (44) 2714421 |
BABA FARID SUGAR MILLS LIMITED
Quarter ended March 31,(23,343,279) | (50,553,723) | (14,387,066) | (30,593,916) |
(117,113,620) | (90,233,401) | (62,120,672) | (21,847,781) |
(399,300) | (8,018,353) | (399,300) | (7,184,904) |
7S,274,025 | 28,739,805 | 37,910,417 | I 1.272,315 |
2026 | 2025 | 2026 | 2025 | |
Revenue from contracts with customers | 1,029,154,087 | 4,173,556,272 | 790,807,352 | 2,692,628,908 |
Cost of sales | (972,310.195) | (3,670,773,627) | (689,725,404) | (2,412,278,908) |
Gross profit | 56,843,892 | 502.782,645 | 101,081,948 | 280,350,000 |
Selling and distribution expenses | ||||
General and administrative expenses | ||||
Otheroperatin8 expense | ||||
Other income | ||||
(65,582,174) | (120,065.672) | (38,996,621) | (48,354,286) | |
Operating (loss) / profit | (8,738,282) | 382,716,971 | 62,085,327 | 231,995,714 |
Financial charges | (159,875,572) | (274,648,040) | (140,473,665) | (153,465.170) |
(Loss) /profn before levy and tax | (168,613,854) | 108,068.933 | (78,388,338) | 78,530,544 |
(13,601,891) | (50,851,721) | (10,263,715) | (33,725,408) | |
(Loss) /profit before income tax | (182,215,745) | 57,217,212 | (88,654,053) | 44,805,136 |
(Loss) /profit for the period | (182,215,745) | 57,217,212 | (88,654,053) | 44.805,136 |
(Loss) / earning per share - basic and | ||||
6.05 | 9.38 | 4.74 | ||
HI FINANCIAL OFFICER
BABAFARIDSUGARNWLLSLIFNTED CONDCNSEDINTERIMSTATEMENTOFFINANCIALPOSrNON ASSTIMSRCR3Q2026 ASSETS NON CURRENT ASSETS
Openfiag fixed assets | 5,200,311,740 | 5,231,494,432 |
Right ofuse assets | 4,143,427 | 5.367,177 |
Capital work in progress | 27.561.782 | 15,277. T76 |
Long tern deposits | 5,212.0le,949 415.600 | 5,232, l38,785 390.600 |
5,232,432,549 | 5,252,529,385 |
Property, plant and equipment
March 3I, September 30,
2026 2025
(Uaaudited) {Audited) Rupees RugeesCURRENT ASSETS
Stores, spares and loose tools Stock in trade
Trade dehts
Loans arid advances
Short term deposits and prepayments Other receivables
Taxation f levy- net Cash and banL balances
TOTAL ASSfiTS
EQUITY AND LIABILITIESAuthorized sbsre cagitd | 700.00AOOO | 700.000.000 |
Issued, subscribed aod gaid up share capital | 94,500,000 | 94,500,000 |
Reserves Revenue reserve - accumulated losses Directors' loans | (2,302,86I,528) 3,002,700,000 | (2,157,126,031) 3,002,700,000 |
Surplus on revaluation of fixed assets | 4.258,402,945 | 4.313.783. t95 |
5.0â2,741,4t7 | 5,253,857,162 |
SRARE CAPITAL AND RESERVES
446,107,470 6,636,528,099 23,404, 155 208,47t,694 2,508,400 t3,239,669 7,455,544 736.195.156 | 245,363,253 84,883,758 21,782.120 397.368,494 1,192,746 9,2't6.t39 35.658.070 d57,264.048 |
8.138.000,187 1,252,758,930
13.370.432.736 6.505.288.315
NON CURRENT LIABILITIES
Long tcnu loan
Lohg term diminishing musharakah Lease liabilities
Deferred liabilities
CURRENT LEfiBILlTIES
Trade and other payables Contract tiabilifies Unclaimod dividend
Due to Pattoki Sugar Mills Limited Short tci-rn borrowing
Current portion of long tern liabilities
TOTALEQUITYAMDLIABILMTES CONMNGgNCWSANDCOMmRTMBNTS44.993,400 120,000,000 1,016,475 29.309.438 | 74,989,000 150,0O,0@ 1,083,183 25.457.973 |
195,319.313 251,530.156
289,683,319 182,068,394 565,121 9,007.275 7,113,509,537 406,241.872 t21.296.488 | 34fi,383,908 135,897,569 25â,930 9,007,275 104.767.978 278,608,0fi9 t22.978,268 |
8,122.372.006 999.900,997
13.370 432.736 6.505.288.313
CH F FINANCIAL OFFICER
Annexture- C
BABA £ARID SPGAR MIL.LS L.IMITEDCONDENSED I NTERIM STA CEMENT OF CI4ANG ES IN EQt!ITY FOR THE HALF YEAR ENDED MARCH 31, 2026
Issued, subscribet4 and paid-up share capita T | CapitaI reserve | Directors' I"' | Rcvenue reserve -Accumulated loss | |
Surplus on revaluation oF fixed assets | ||||
- (Rupees) | ||||
Balance as at October 0 1, 2024 (audited ) Trans fer from surplus on revaluation of operating fixed assets | 94,500,000 | 2,5 17,273, 104 (25,108,942) | 3,t1(1?,700,000 | (3,024,992,840) 25, 108,942 | 2,389,480,264 | |
d otal coil prehensive income for the period | - | - | 57.217,212 | 57,21 7,212 | ||
Balance as at March 31, 2025 (un-audited) | 94.500,000 | 2.492,164, 162 | 3,002,700.000 I2.942,666.686) | 2,646.697.476 | ||
Balance as at October 0 I , 2025 (audited) | 94,500,000 | 4,313,783, 195 | 3,0t12,700,OOP | (2,157, I 26,033) | 5,253,fi57, 162 | |
Transfer frr›ni surplus on revaluation of operating | fixed assets | (55,380,250) | 55,380,250 | |||
Total comprehensive loss fot the period | ( 182.215,745) | ( 182,2 I 5,745) | ||||
Final cash dividend for the year ended September 30, 2025 at the rate of 20% {oj Rs. 2 per share | - | - | f I 8.900,000) | ( 18,900,000) | ||
Balance as at M a rch 31, 2026 (un-audited) | 94,500,000 | 4,258,402,'345 | 3,0f12,700,000 | t2.302,86 l .528) | 5,052,741,417 | |
'HIEF F I NANC 1AL OFfiICER
BABA FARID SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE HALF YEAR ENDED MARCH 31, 2026CASH FLOWS FROM OPERATING ACTIVITIES
Ralf year ended March 31.
2026 2025
Ruges Rugees(Loss) / profit before levy and taxation Adjustments of non cash and other items;
Depreciation on operating fixed assets Depreciation on right-of-use assets Provision for gratuity
Financial charges
Net cash flow before working capital changes
{Tacroase) / decrease io current assetsStores and spares Stock in trade Trade debts
Loans and advances Short term prepa ents Other receivable
Increase / (decreuee) in current liabilitiesTrade and other payables Contras liabilities
Cash used in operations Income taxes / levy paid
Employees retirement benefits paid Financial charges paid
Increase / decrease in long temi deposits
(168,613,854)
83,394,431
1,223,750
4,693,167
159.875.572
(200,794,215) | (75,330,092d |
(6,551,644,341 | (2,799,713,254 |
(1,622,035 | (2,513,321) |
t88,896,800 | 250,360,947 |
(1,315,654) | (383,840) |
f4.033,230) | 342.180 |
80,573,066
(6,570,512,675)
(6,062,763)
46,170.825
40,108,062
(6,449,831,547)
(49,399,365)
(841,702)
(32,241,769)
(25,000)
108,068,933
52,298,51 I
1,701,986
5,211,409
274,648,040
441,928,879
(2,627,237,380)
213,248,261
235.751,517
448,999,778
(1,736,308,723)
(29,170,829)
(914,968)
(294,475,957)
239,584
WPPF paid f52.639.826)
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIESAddition in operating fixed assets Addition in capital work in progress Decrease in short tern investment
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIV ITIESLong term financing- net
Long term diminishing musharaka- net Lease payments made
Dividend paid
Short term borrowings - net
(6,584,979,209)
(21,404,121) | ( 15,473,428 |
(43,092,224) | (17,147,589) 306,400 |
(29,995,600 I | ( 129,995,600) |
(30,000,000) | (30,000,000) |
(t,748,488) | (3,288,053) |
(18,590,809' | |
7.008.741.559 | 2.798,884.461 |
(64,496,345)
(2,060,630,893)
(32,314,617)
Net cash generated from financing activities | 6.928,406.662 | 2,635.600,808 |
Net increase in cash and cash equivalents | 278,931, 108 | 542,655,298 |
Cash and cash equivalents at the beginning of the period | 457,264.048 | 83.789.198 |
Cash and cash equivalents at the end of the period | 736.195. 156 | 626.444,496 |