Baba Farid
Sugar Mills Limited
The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
No. BFSML/BoD/1Qtr/2026
January 26, 2026
SUBJECT: FINANCIAL RESULTS FOR THE OUARTER ENDED 31-12-2025Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held on Monday the 26* January 2026 at I I .00 hours at the Registered office, 2-D-1, Gulberg III, Lahore recommended the following:
J. Financial Results for the I" Quarter ended 31" December 2025 As at Annex- A
Statement ofFinancial Position for the 1" Quarter ended 31" December 2025. As at Annex-B
Statement of Changes in Equity for the 1" Quarter ended 31" December 2025. As at Annez- C
Statement of Cash Flows for the 1st Quarter ended 31'tDecember 2025 As at Annex- D
the Quarterly Report of the Company for the period ended will be transmitted through PUCARS separately,
within tfic specified time.
Yours faithfully, For and on behal of
Baba Farid Sug I'vIills Limited,
Coaipaoy SecretaryEnc1: As above
Copy to:
Executive Directo OD,Offsite-lI Dep ent, Supervision Division, Securities & change Commission ofPakistan,
63-NIC Bu ding, Jinnah Avenue, Blue Area, Islamabad.
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 |
Annexture- A | ||
BABA FARID SUGAR MILLS LIMITED | ||
STATEMENT OF PROFIT OR LOSS (UN- AUDITED) FOR THE QUARTER ENDED DECEMBER 31, 2025 | ||
31 December | 31 December | |
2025 | 2024 | |
Rupees | Rupees | |
Revenue from contracts with customers | 23 8,346,735 | 1,480,927,364 |
Cost of sales | (282,584,791) | (1,258,494,719) |
Gross (Loss) / Profit | (44,238,056) | 222,432,645 |
Set Iing and distribution expenses | ||
General and administrative expenses | ||
Other Operating expesnse | ||
Ot'fiet income | ||
(26,585,553) | (71,711,386) | |
Operating Loss / (Proiit) | (70,823,609) | 150,721,259 |
FinanciaI charges | (19,401,907) | (121, 182,870) |
Loss before levy | (90,225,516) | 29,53 8,389 |
Levy | (3,336,176) | (17,1 26,313) |
(Loss) / Profit for the period | (93,561,692) | 12.41 2,076 |
(Loss) / Earning per share - Basic and diluted (Rupees) | (9.90) | 1.31 |
(8,956,213) | (19,959,807) |
(54,992,948) | (68,3 85,620) |
(833,449) | |
37,363,608 | 17,467,490 |
BABA FARID SUGAR MILLS LIMITED STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2025
ASSETS
NON CURRENT ASSETSProperty, plant and equipment
(Un- Audited) (A«ait*a) 31-Dec 30-Sep
2025 2025Rupees Rupees
Operating fixed assets | 5,203,778,162 | 5,231,494,432 |
Right to use assets | 4,755,302 | 5,367,177 |
Capiial work in progress | 38.674.436 | t5,277.176 |
5,247,207,900 | 5,252.138,785 | |
Long team dogosits | 415.600 | 390,600 |
CURRENT ASSETS | 5,247,623,500 | 5,252,529,385 |
Stores, spares and loose tools Stock in trade
Tmde debts
Loans and advances
Short ternprepaynients and deposits Other receivables
Short term investment Taxation- Net
Cash and bank balances
EQUITY AND LIABILITIES
2,160,984 | 1,083,183 |
59,991,200 | 74,989,000 |
120,000,000 | 150,000,000 |
24.616.271 | 25,457.973 |
236,005,982 | 245,363,255 |
2,025,855,676 | 84,883,758 |
28,247,442 | 21,782,120 |
472,290,067 | 397,368,494 |
1,093,035 | 1,192,746 |
27,436,999 | 9,246,439 |
15.000,000 | |
62,473,326 | 35,658,070 |
214.134.560 | 457.264.048 |
3.082,537.087 1.252.758.930
8.330.160.587 6.505.288.315
Authorized share capital | 700,000.000 | 700,000.000 |
Issued, subscribed and paid up capital | 94,500,000 | 94,500,000 |
Reserves | ||
Revenue reserves • accumulated losses | (2,222,997,600) | (2,157,126,033) |
Directors' loans | 3.002,700,000 | 3,002,700,000 |
Surplus on revaluation of fixed assets | 4,286.093.070 4.313,783 195 | |
5,160,295,470 5,253,857,162 | ||
NON CURRENT LIABILITIES | ||
Lease liability | ||
Long term Loan | ||
Long term diminishing mushaka | ||
Deferred liabilities | ||
206,768,455 251,530,156 | ||
Trade and other payables | ||
Contract liabilities | ||
Unclaimed dividend | ||
Due to Pattoki Sugar Mills Limited | ||
Short tern borrowings | ||
Mark-up accrued | ||
Current portion of long term liabilities | ||
2,963,096,662 999,900,997 | ||
CONTmGENCIES AND COMMITMENTS | ||
TOTAL EQUITY AND LIABILITIES | 8.330.160,587 6,505,288.315 | |
524,864,490 | 348,385,908 |
411,021,539 | 135,897,569 |
255,930 | 255,930 |
9,007,275 | 9,007,275 |
1,621,681,738 | 104,767,978 |
276,274,490 | 278,608,069 |
119.991.200 | 122.978.268 |
LAHORE.
Annexture- C
BABA FARID SUGAR MI LL? I•IMITFD
STATEMEN 1 OP CiIANGES IN EQUQTY (UN- AUDITED)
FOR THE QUA RTER ENDED DECEMBER 3I , 2025Issued, subscribed add p d U | s.. ›. revaTu8tion oF fixed assets | Directors' loans | Revenue Reserves | Total |
Ordinay shares | Accumulated losses | |||
(Rupees) | ||||
Balance as at October 0 1, 2024 94,500,000 2,5 I 7,273, 104 3,002,700,000 (3,024,992,840) 2,589,480,264
Profit for the Period Remeasurement of defined benefit liability - net | 12,412,076 12,41 2,076 | ||||
Surplus on revaluation of fixed assets Transfer from surplus on revaluation of fixed assets incremental depreciation | ( 12,554,471) | 12,554,47 1 | |||
Director contribution | |||||
- | I I 2,554,471) | - | 24,966,547 | 12,4 12,076 | |
Balance as at December 31, 2024 | 94,500,000 | 2,504,718,633 | 3,002,700,000 | (3,000,026,293) | 2,601,892,340 |
Balance as at October 01, 2025 | 94,500,000 | 4,313,783,195 | 3,002,700,000 | (2,I 57,126,033) | 5,253,857,162 |
Loss for the Period Remeasurement of defined benefi t liability - net Surplus on revaluation of fixed assets | (93,561,692) | (93,561,692) | |||
Transfer from surplus on revaluation of fixed assets incremental depreciation | (27,690,1 25) | 27,690,125 | |||
Director contribution | |||||
- | (27,690, 125) | - | (65,871.567) | (93,561,692) | |
Balance as 8t December 3t, 2025 | 94,500,000 | 4,286,093,070 | 3.002,700,000 | (2,222,997.600) | 5,160,295,470 |
BABA FARFD SUGAR MILLS LIMITED | Annexture• D | |
STATEMENT OF CASH FLOWS (UN- AUDITED) FOR THE QUARTER ENDED DECEMBER 3J, 2025 | ||
2025 | 31 December 2024 | |
Rup••s | Rupees | |
Cash flows from operating activities (Loss) / Profit before levy and taxation | (90,225,5I6) | 29,'i38,389 |
Adjustments for items not involving movement ot funds | ||
Profit on Investment Depreciation | 4l,96B,B02 | 26,741,123 |
Financial charges 19,401,907 121.182,870 | ||
Net cash flow before working capital changes | (28,854,807) | 177,462,382 |
Decrease / (increase) in current asseti | ||
Stores, spares and loose tools | ||
Stock in trade | ||
Trade debts | ||
Loans and advances | ||
Short term prepayments and deposits | ||
Other receivables | ||
Increase / (decrease) in current liabilities | (2,031,092,389) | (1,370,166,773) |
Trade and other payables | 176,478,582 | 918,722,019 |
Contract liabilities 275,123,970 185,698,067 | ||
451,602,552 | 1,104,420,086 | |
Cash used in from operations | (t,608,344,644) | (88,284,305) |
Taxes paid | (30,t 51,432) | (27,746,867) |
Gratuity Paid | (841,702) | (315,258) |
Financial charges paid (21.735,486) (178,577.009) | ||
Net cash used in from operating activities | (1,661,073,264) | (294,923,439) |
Cash flows from investing activities | ||
Additions to opemting fixed assets | (13,640,657) | (12,520,003) |
(Additions) to / transfer from capital work in progress | (23,397,260) | (J 4,149,385) |
Lonf term deposit | (25,000) | |
Short term fnvesiment (15.000,000) (451.391,739) | ||
9,357,273 | (100,861,816) |
(1,940,971,918) | ( 1,258,881.998) |
(6,465,322) | (197,576,271) |
(74,921,573) | 205,137,398 |
99,711 | (831,060) |
(18.190.560) | (17,153.026) |
Net cash used in investing activities
(52,062,917)
(478,061, 127)
Cash flows from financing activities
Long tern loan
Long term diminishing musharka Due to Pattoki Sugar Mills Limited Short term Borrowing- Set
Lease liability paid
Net cash generated from financing activities
1.470.006.693 865. 172.914
tt4,997,800 | ) | (48,331,133) |
(30,000,000} | (30,000,000) | |
(I) | ||
1,516,913,760 | 944,437,909 | |
(1,909.267) | (933 861) |
Net (decrease) / increase in cash and cash equivalents
(243,129,488)
92,188,348
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
214.134,560
175,977,546