TEL: 051-2630800-"/ FAX: 051-2651285-6
U€rAR MILLS LIMITED
King's Ai cade, 20 -A, Markaz F 7, Post Box No. 1529, Islamabad
Ref: CSM/PSX/@ @ @
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road
Karachi.
May 21, 2026
Re: FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED MARCH 3t , 2026
Dear Sir,
We wouJd like to inform you that the Board of Directors of the Company, in the Meeting held on Thursday May 21, 2026 at 11:00 a.m. has approved the following financial results for the Quarter and Half Year ended on March 31, 2026:
Quarter ended Six month period ended March 3t, March 31, March 31, March 31,
2026 2025 2026 2025
------ ------- Rupees in thousand .---------------
Gross sales | 5,550,228 | 5,317,669 | 18,498,295 | 11,253,624 | |||
Sales tax, other government levies and discounts | (463,457) | (755,909) | (t,716,324) | (1,300,736) | |||
Sales • net | 5,086,771 | 4,561,760 | J6,781,971 | 9,952,8B8 | |||
Cost of Sales | (3,765,543) | (4,292,445) | (13,495,790) | (9,607,992) | |||
Gross Profit | 1,321,228 | 269,315 | 3,286,181 | 344,896 | |||
Selling and distribution expenses | (128,724) | (298,310) | (598,794) | (568,828) | |||
Administrative and general expenses | (296,446) | (349,801) | (697,653) | (667,261) | |||
Other Income | 206,647 | 145,110 | 250,014 | 635,647 | |||
Other Expenses | (51,080) | (2,009) | (51,089) | (2, 015) | |||
Profit /(Loss) from Operations | 1,051,625 | (235,695) | 2,188,659 | (257,561) | |||
Finance Cost - net Profit /(Loss) before revenue tax | (864,189) | (780,315) | (1,344,467) | (1,834,510) | |||
and income tax | 187,436 | (1,016,010) | 844,192 | (2,092,071) | |||
Minimum tax • levy | (50,094) | (57,672) | (171,306) | (125,078) | |||
Profit / (loss) before income tax | 137,342 | (1,073,682) | 672,886 | (2,217,149) | |||
Income tax expenses | (58,708) | 478,399 | (362,243) | 974,732 | |||
Profit / (loss) for the period | 78,634 | (595,283) | 310,643 | (1,242,417) |
Earnings / (loss) per Share basic, and diluted
---- -• •-- Rupees
2.74 (20.75) 10.83
(43.30)T e HaJf
/N 0'36
early reports of our Company will be submitted electronically through PURCARS as per PSX Notice No. PSX ted September 03, 2018.
jahid Bashir)
ompany Secretary
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2026
Equity and Liabilities
Share Capital and Reserves
Hote
Un-Audited Audited March 31, September 30,
2026 2025
- - - - Rupees in '000 - - - -
Authorised capital | 5,000,000 | 5,000, 000 | ||
Issued, subscribed and paid-up capital | 6 | 286,920 | 286,920 | |
Reserves | 7 | (1,045,869) | (1,045,869) | |
Surplus on revaluation of property, plant and equipment | 8,134,647 | 8,473,044 | ||
Unappropriated profits | 3,146,880 | 2,497,840 | ||
Shareholders' equity | 10,522,578 | 10,211,935 | ||
Non-Current Liabilities | ||||
3,386,603 | 3,950,480 |
115,597 | 104,972 |
141,010 | 141,853 |
844,61 1 | |
929,053 | |
54,877 | 47,009 |
18,862 | 27,797 |
1,002,792 | 919,417 |
Long term finances - secured 8
Loans from related parties - secured 9
Lease Liabilities 10
Deferred liabilities
Deferred taxation
Provision for gratuity
Deferred government grant
Current Liabilities
4,646,002
5,116,722
Trade and other payables | 11 | 4,207,063 | 4,286,727 | |
Short term finances - secured | 12 | 29,673,665 | 12,875,517 | |
Current maturity of non-current liabilities | 13 | 1,231,038 | 1,097,404 | |
Unclaimed dividend | 15,172 | 15,172 | ||
Provision for income tax / levies | 606,021 | 315,497 | ||
35,732,959 | 18,590,317 | |||
Total Liabilities Contingencies and commitments | 14 | 40,378,961 | 23,707,039 | |
Total Equity And Liabilities | 50,901,539 | 33,918,974 |
The annexed notes form an integral part of thes ndensed interim financial statements.
Chief Executive Officer) - . . ,. Oir c Chief Financial Oder
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE QUARTER AND SIX MONTHS PERIOD ENDED MARCH 31, 2026
Quarter ended Six months period ended
March 31, 2026 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |||
Note - - - - - - - - Rupees in '000' - - - - - - - - | ||||||
Gross sales | 24 | 5,550,226 | 5,317,669 | 18,498,295 | 11,253,624 | |
Sales tax, other government levies and discounts | 24 | (463,457) | (755,909) | (1,716,324) | (1,300,736) | |
Sales - net | 5,086,771 | 4,561,760 | 16,781,971 | 9,952,888 | ||
Cort of sales | (3,765,543) | (4,292,445) | (13,495,790) | (9,607,992) | ||
profit | 1,321,228 | 269,315 | 3,286,181 | 344,896 | ||
Selling and distribution expenses | (128,724) | (298,310) | (598,794) | (568,828) | ||
Administrative and general expenses | (296,446) | (349,801) | (697,653) | (667,261) | ||
Other income | 206,647 | 145,110 | 250,014 | 635,64? | ||
Other expenses | (51,080) | (2,009) | (51,089) | (2,015) | ||
Profit I (loss) from operations | 1,051,625 | (235,695) | 2,188,659 | (257,561) | ||
Finance cost - net | (864,189) | (780,315) | (1,344,467) | (1,834,510) | ||
Profit I (loss) before revenue tax | ||||||
and income tax | 187,436 | (1,016,010) | 844,192 | (2,092,071) | ||
Minimum tax levy 25 | (50,094) | (57,672) | (171,306) | (125,078) | ||
Profit I (loss) before income tax | 137,342 | (1,073,682) | 672,886 | (2,217,149) | ||
Income tax expenses 25 | (58,708) | 478,399 | (362,243) | 974,732 | ||
Profit I (lossj for the period | 78,634 | (595,283) | 310,643 | (1,242,417) | ||
Earnings / (loss) per share - basic and diluted | 2.74 | (20.75) | 10.83 | (43.30) | ||
The annexed notes form an integral part of these condensed interim firancial statements.
Chief Financial Officer
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE QUARTER AND SIX MONTHS PERIOD ENDED MARCH 31, 2026
Quarter onded Six monthsperiod ended March 31, Marcn 31, March 3J, March 31,
2026 2025 2026 2025
- - - - - - - - Rupeos in '000 - - - - - - - -
Profit / (loss) for the period
Other comprehensive incoma
Surplus on revaluation of property, plant and equipment
Add: deferred tax on surplus on revaluation of property, plant and equipment
78,634 (595,283) 310,643 (1,242,417)
Total comprehensive income / (loss) for the period z 78 634 (595,282) 310,643 (1,242,417) t
The annexed notes form an integral part of these condensed I t 'm financial statements.
Chief Financial iced'
Direc
CHASHMA SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE SIX MONTHS PERIOD ENDED MARCH 31, 2026
SInare General Merger capital reserve reserve
Surplus on
revaluation of Un-
Property. appropriated ToLaI
plant and profits
Balance as al October 0t , 2034 (Audited)
Totaj comprefionsive loss for ltte six month penod einded Marcln 34,202s
LoS¥ for lhe period
Other comprehensive income for the period
equipment
- - - - - - - • • - - - Rupeos in '000 • - -
28G.920 327,000 8.978,222 3.550,096 13,14 2,238
(1,*42.44 7) (1,2X 2,417)
(1,24 2,+17) (1.24 2, 417)
Ett*et of ct ange in effective fax rate
Transfer on account of incremenlal depreciation (Net of deferred taxation)
1.002.000
(355.710)
355,710
1,002.000
Balance as al March 31, 2025 TUn•Audiled)
286.920 327,000
9.624, 512
3 663,389 1z.9o1 g2
Balance as at October 01. 202*i (Audited)
Total comprehensive ncome for the six month period ended March 31,2026
Profit for the period
Other comprenensive income for the period
Transfer on account ol incremental deprecialion fNeI of debarred Taxation)
286,920 327.000
(1,372,869) 8,473.044
310,6'43
310,643
- 338.397)
2,•97.840
310,64 3
338.397
10, 211.935
3 40,64 3
Balance as at March 31, 2026 (Un-Audited)
92 327,000 (1.372,869} 8,134.647
0 t0,522.578
Cbiof E zecutlve Officer
The annexed noles form an integral pad of these conf ensed internm fnar i #laiements.
Chief Financial Officer
CHASHMA SUGAR MILLS LIMITED
CONOENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE SIX MONTHS PERIOD ENDED MARCH 31, 2026
Six months period ended March 31, March 31,
2026 2025
Cash flow from operating activities Note • • Rupees in '000 - -
Profit / (loss) for the period before taxation | 672,886 | (2,217,149) |
Adjustments for non-cash charges and other items: | ||
Depreciation | g13,096 | 871,939 |
Gain on disposal of operating fixed assets | (199) | (6,400) |
Profit on deposit accounts | (1,755) | (1.057) |
Mark-up earned on term depository receipts | - | (444,442) |
Mark-up income on loan to a related party | (49,542) | (130,310) |
Finance cost | 1,344,467 | 1,834,510 |
Provision for staff retirement benefits - gratuity | 8,045 | 4,293 |
Minimum tax levy 171,306 125,078 | ||
Profit before working capital changes | 3,058,304 | 36.462 |
(Jncrease) I decrease in current assels: | ||
Stores and spares | ||
Stock-in-trade | ||
Trade debts | ||
Loans and advances | ||
Trade deposits and other receivables | ||
(17,648,024) | (13,643,507) | |
Increase / (decrease) in current liabilities: | ||
Trade and other payables | (79,664) | 1,675,222 |
Cash used in operating activities | (14,669,384) | (11,931,823) |
Income taxes and levies paid | (329,435) | (203,008) |
Staff retirement benefits (gratuity) - paid | (177) | (5,442) |
Net cash used in operating activities | (14,998,996) | (12,140,273) |
Cash flow from investing activities | ||
51,071 | 3,044 |
(14,133,559) | (11,415,087) |
194,328 | -374,888 |
(1,740,943) | (1,717,508) |
(2,018,921) | (139.068) |
Additions to property, plant and equipment Sale proceeds of operating fixed assets Increase in long term investment
Profit on bank deposit received Profits on term finance certificates
Imerest income on loan provided to related party
Net cash (used in) / generated from investing activities Cash flow from financing activities
Long term finances - net
Short term running finance - secured
12 (23,266,500) (15,878,273)
(22,644,353) (15,401,789)
The annexed notes form an integral part of these co d interim financial statements
Chief Financial O
Short term finances - net Loan repaid to related party Lease liabilities - net Finance cost paid Encashment of TDR
(100,132) | (118,585) |
2,120 | 15,104 |
(114,087) | |
1,755 | 1,057 |
444,442 | |
49,542 | 130,310 |
(387,569) | 372,598 |
2,284,400 | (779,100) |
(10,625) | (10,625) |
(52,581) | (85,835) |
(1,128,843) | (1,556,891) |
454,000 |
(160,802) 472,328
Net cash generated from / (used in) financing activities | 704,782 | (1,605,853) | |
Net decrease in cash and cash equivalent | (14,455,016) | (13,273,798) | |
Cash and cash equivalents - at beginning of lhe period | (8,189,337) | (2,127,991) | |
Cash and cash equivalents - at end of the period | (22,644,353) | (15,401,789) | |
Cash and cash equivalents comprised of: | |||
Cash and bank balances | 23 | 622,147 | 476,484 |