Financial Results for the Year Ended 30-09-2025

Sales - Net

24,899,377

32,274,657

Cost of sales

(23,239,598)

(30,054,086)

Gross Profit

1,659,779

2,220,571

Selling and distribution expenses

(1,161,575)

(877,883)

Administrative and general expenses

(1,494,329)

(1,198,876)

Net loss allowance on trade debts and

subsidy receivable form GoP

(7,299)

(148,447)

Other Income

992,356

436,285

Other expenses

(155,143)

(146,366)

(Loss)/profit from operations

(166,211)

285,284

Finance Cost

(3,346,774)

(4,099,104)

(Loss) before revenue tax and income tax

(3,512,985)

(3,813,820)

Minimum tax - levy

(218,490)

(390,371)

(Loss) before income tax

(3,731,475)

(4,204,191)

Taxation

782,885

1,566,943

(Loss) for the year

(2 8,590

_ /2,637,2

Sales - net

30

24,899,377

32,274,657

Cost of sales

31

(23,239,598)

(30,054,086)

Gross profit

1,659,779

2,220,571

Selling and distribution expenses

32

(1,161,575)

(877,883)

Administrative and general expenses

33

(1,494,329)

(1,198,876)

Net loss allowance on trade debts and subsidy receivables from GoP

13.1 & 15.3

(7,299)

(148,447)

Other income

34

992,356

436,285

Other expenses

35

(155,143)

(146,366)

Profit from operations

(166,211)

285,284

Finance cost

36

(3,346,774)

(4,099,104)

Loss before levies and income tax

(3,512,985)

(3,813,820)

Minimum tax - levy

37

(218,490)

(390,371)

Loss before income tax

(3,731,475)

(4,204,191)

Income tax

37

782,885

1,566,943

Loss after taxation

(2,948,590)

(2,637,248)

" Rupees

- - - - " "

Loss per share - basic and diIutecl

39

(102.77)

(91.92)

Chashma Sugar Mills Limited Statement Of Financial Position As at September 30, 2025

Note

2025

Rupees

2024 in '000 - - - -

Assets

Non current assets

Property, plant and equipment

7

19,668,278

21,545,185

Right-of-use assets

8

241,967

295,474

Long term investments

9

714,665

1,652,823

Long term loans and deposits

10

375,843

15,343

21,000,753

23,508,825

Current assets

Stores and spares

11

1,299,513

732,276

Stock-in-trade

12

7,103,687

3,988,480

Trade debts

13

1,284,887

276,285

Loans and advances

14

1,189,352

1,560,065

Trade deposits and other receivables

15

713,786

285,123

Income tax refundable

533,360

395,063

Cash and bank balances

16

793,636

898,783

12,918,221

8,136,075

Total assets

33,918,974

31,644,900

Equity and Liabilities Share capital and reserves Authorised capital

17

5,000,000

500,000

Issued, subscribed and paid-up capital

17

286,920

286,920

Reserves

18

(1,045,869)

327,000

Surplus on revaluation of property, plant and equipment

19

8,473,044

8,978,222

Unappropriated profit

2,497,840

3,550,096

Total equity

10,211,935

13,142,238

Non-current liabilities

Long term finances - secured

20

3,950,480

3,989,793

Loans from related parties - secured

21

104,972

126,222

Lease liabilities

22

141,853

143,011

Deferred taxation

23

844,611

3,018,176

Provision for gratuity

24

47,009

22,132

Deferred government grant

25

27,797

49,695

5,116,722

7,349,029

Current liabilities

Trade and other payables

26

4,286,727

1,483,125

Unclaimed dividend

15,172

15,679

Short term borrowings - secured

27

12,875,517

8,325,008

Current maturity of non-current liabilities

28

1,097,404

939,449

Provision for tax levies - net

315,497

390,372

18,590,317

11,153,633

Total liabilities

Contingencies and commitments

29

23,707,039

18,502,662

Total equity and liabilities

33,918,974

31,644,900

(1,353,889)

103,122

(3,649,656)

3,925,169

450,000

-

(10,625)

(15,618)

(149,534)

(154,773)

(507)

(142,353)

(3,265,746)

(4,094,347)

Loss before income taxation

Adjustments for non-cash and other items: Depreciation

7.6 & 8.1

(3,731,475)

1,826,917

(4,204,191)

1,615,388

Gain on disposal of operating fixed assets

34

(189,986)

(15,490)

Gain on derecognition of right-of-use assets

34

(5,640)

-

Profit on deposit accounts

34

(1,941)

(5,901)

Mark-up income on loan to related parties

34

(223,067)

(220,704)

Mark-up earned on term depository receipts and T.bills

34

(444,442)

(88,758)

Finance cost

3,321,022

4,072,519

Impairment loss / (reversal) for trade debts

13.1

7,299

(1,290)

Impairment loss for export subsidy

-

149,737

Impairment loss on long term investments

895

130,000

Reversal of provision for obsolete store items

11.1

(12,163)

(15,595)

Reversal of provision for workers' welfare fund

(30,258)

-

Provision for gratuity

24.1

28,514

8,935

Minimum tax - levy

218,490

390,371

Changes in working capital

764,165

1,815,021

Decrease / (increase) in current assets:

- stores and spares

(492,693)

125,029

- stock-in-trade

(2,354,905)

1,189,196

- trade debts

(806,177)

901,925

- loans and advances

408,767

(89,603)

- trade deposits and other receivables

(403,965)

(22,824)

- long term loans and security deposits

(360,500)

-

(4,009,473)

2,103,723

Increase / (decrease) in trade and other payables

2,638,854

(1,891,827)

Net changes in working capital

(606,454)

2,026,917

Income tax paid / Levies

(511,827)

(488,694)

Gratuity paid

24.1

(5,834)

(5,360)

(517,661) (494,054)

Net cash (used in) I generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

(1,124,115)

1,532,863

Purchase of property, plant and equipment

(392,096)

(218,117)

Sale proceeds of operating fixed assets

3,910,378

46,574

Long term investment in subsidiaries

(938,158)

(594,253)

Profits on bank deposits received

34

1,941

5,901

Interest income on loan provided to related party Profits on term finance certificates

34

444,442

88,758

Net cash generated from / (used in) investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

3,026,507

(671,137)

Long term finance - net

Short term borrowings (repaid) / obtained

Encashment of TDR

16.1

Loan repaid to related party

Lease obligation repaid

22

Dividends paid

Finance cost paid

Net cash (used in) I generated from financing activities

(7,979,957)

(378,800)

Net (decrease) / increase in cash and cash equivalents

(6,077,565)

482,926

Cash and cash equivalents - at beginning of the year

(2,127,991)

(2,610,917)

Cash and cash equivalents - received upon merger of UWFPL

16,219

-

Cash and cash equivalents - at end of the year

(8,189,337)

(2,127,991)

Cash and cash equivalents comprised of:

Cash and bank balances

16.1

793,636

444,783

Short term running finance - secured

27

(8,982,973)

(2,572,774)

(8,189,337)

(2,127,991)

The annexed notes form an integral part of these financial statements.

Balance as at October 01, 2023

286,920

327,000

8,148,726

8,475,726

5,775,450

14,538,096

Total comprehensive income for the

(2,637,248)

(2,637,248)

1,383,481

1,383,481

1,369

1,384,850

Cash dividend @ Rs. 5.00 per ordinary share

for the year ended September 30, 2023

(143,460)

(143,460)

Balance as at September 30, 2024

286,920

327,000

8,978,222

9,305,222

3,550,096

13,142,238

Balance as at October 01, 2024

286,920

327,000

8,978,222

9,305,222

3,550,096

13,142,238

Reserve arisen under the scheme of merger (note 1.1)

(1,372,869)

(1,372,869)

(1,372,869)

Total comprehensive income for the

year ended September 30, 2025

Loss for the year

Other comprehensive loss

(2,949,209)

(2,949,209)

Adjustment due to merger (note 1.1)

387,879

387,879

387,879

Effect of change in effective tax rate

1,003,896

1,003,896

1,003,896

Surplus on revaluation of property, plant and

(2,948,590) (2,948,590)

(619) (619)

- incremental depreciation

(722,595)

(722,595)

722,595

- upon sale of revalued assets

(1,174,358)

(1,174,358)

1,174,358

Balance as at September 30, 2025

286,920

327,000

(1,372,869

8473,044_

7,427,175

10,211,935