January 29. 2026 FORM-3
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road Karachi, Pakistan.
Subject: Finoncfo/9esulfs for fhe Firsf Quorfer ended December 31 2025 Dear Sirs.
We have to inform you that the Board of Directors of our Company in their meeting held on January 29, 2026 at 04:00 pm at Karachi. Pakistan, recommended the following:
(ij CASH DIVIDEND AND/OR
(iij BONUS SHARES AND/OR
(iii) RIGHT SHAkES AND/OR
(ivj ANY OTHER ENTITLEMENT/CORPORATE ACTION AND/OR
(v) ANY OTHER PRICE-SENSITIVE INFORMATION
Nil Nil Nil Nil Nil
The un-audited financial results of the Company for the First Quarter ended December 31, 2025, ore as follows:
31-Dec-25 31-Dec-24
Rupees in '000"
Sales - net | 8,336 | 2T1,262 |
Cost of Sales | (195,993) | (592,782) |
Gross Profit/(Lose) | (187,657) | (321,520) |
Administrative and General Expenses | (12,507) | (16,984) |
Distribution and Selling Costs | (8,074) | |
Other Operating Income/(Loss) | 225 | 1,327 |
(Loss) from Operations | (199,939) | (345,251) |
Finance Cost | (13,259) | (13,980) |
(Loss) before Tax & Levies | (213,198) | (359,231) |
Levies | (104) | (232) |
(213,302) | (359,463) | |
Taxation | 23,462 | 26,381 |
(Loss) after-tax | (189,840) | (333,082) |
Loss per Share - Basic | 7 | (3 64) |
DEWAN SUGAR MILLS MMITED
Registered Office: Dewan Cenlre. 3-A, Lalazar Beach Hotel Corporate Office. 2nd F or, lock 'A', -inonce 6 Trade Centre
Road. Karachi - 74000 Pakistan Shohroh-e-Faisal, Karachi-75350 Pakistan
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CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025
ASSETS
NON-CURRENT ASSETSProperty, Plant and Equipment CURRENT ASSETS
Stores, Spares and Loose Tools Stock-in-Trade
Trade Debts - Unsecured, Considered Good Loans and Advances and Other Receivable -Unsecured, Considered Good
Trade Deposits, Short-Term Prepayments
and Current Balances with Statutory Authorities Income Tax Refunds and Advances
Cash and Bank Balances
TOTAL ASSETS
EQUITY AND LIABILITIESSHARE CAPITAL AND RESERVES
Authorized Capital
130,000,000 (2025: 130,000,000) Ordinary
Shares of Rs. 10/- each
Issued, Subscribed and Paid-up Capital Reserves and Surplus
Surplus on Revaluation of Property, Plant & Equipment(Net)
NON-CURRENT LIABILITIES
Sponsors Loan - Unsecured Long Term Finance (Secured) Long Term Interest Payable Deferred Liabilities
CURRENT LIABILITIES
Trade and Other Payables - Unsecured Interest, Profit, Mark-up Accrued on Loans and Other Payables
Short Term Finances - Secured Unclaimed Dividend
Current Portion of Non-Current Liabilities Provision for Taxation
CONTINGENCIES & COMMITMENTS
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DEWAN SUGAR MILLS LIMITED
Dec-25 Sep-25 (Rupees in '000')
6,925,116 7,017,386
155,613 | 128,568 |
362,029 | 362,805 |
44,155 | 52,302 |
239,462 | 185,736 |
8,288 | 8,287 |
171,338 | 170,962 |
10,573 | 15,561 |
991,458 924.221
7,916,574 7,941.607
1,300,000 | 1,300,000 |
915,120 | 915,120 |
(6,374,177) | (6,242,247) |
4,000,771 | 4,063,211 |
(1,453,286) | (1,263,916) |
501,295 1,557,487 | 469,855 1,580,949 |
4,290,780 | 4,122,747 |
12,010 | 12,010 |
191,196 | 192,196 |
770 | 770 |
2,611,372 | 2,622,150 |
204,950 | 204.846 |
7,311,078 7,154,719
7,916,574 7.941,607
Registered Offic•' Dewan Centre. 3-A. Lalazar Beach Natal load. Karachi - 74000 Palin
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Corporate Office• 2nd floor, lock 'A', Finance & Trode Centre
DEWAN MILLS LIMITED
Issued, Subscribed & Paid-up Capital | General Reserve | Revaluation Accumulated Surplus on Profit/( Loss) Property, Total Plant & | |||
Balance as on October 01, 2024 | 915,120 | 190,000 | (Rupees in '000') (6,085,009) | 4,318,448 | (661,441) |
(Loss) for the Quarter | (333,082) | (333,082) | |||
Incremental Depreciation transferred from Surplus on Revaluation of Property, Plant & Equipment - Net of tax | 64,589 | (6#,589) | |||
Balance as on December 31, 2024 | 915,120 | 190,000 | (6,353,502) | 4,253,859 | (994,523) |
Balance as on October 01, 2025 | 915,120 | 190,000 | (6,432,247) | 4,063,211 | (1,263,916) |
(Loss) for the Quarter | (189,368) | (189,368) | |||
Incremental Depreciation transferred from Surplus on Revaluation of Property, Plant & Equipment - Net of tax | 57,441 | (57,441) | |||
Balance as on December 31, 2025 | 915 120 | 190 0 0 | 564 174 | 4 005 770 | 1 4 3 28 |
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE QUARTER ENDED DECEMBER 31, 2025
Equipment
DEWAN SUGAR MILLS LIMITED
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Road. Kaach - 74000 PaMeMn
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Corporate Office: 2nd Floor, Block 'A', Fnonc & Trade Centre Shohroh•e-Foisol, Karachi-753 0 Pakistan
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CONDENSED INTERIM STATEMENT OF CASH FLOW (UN-AUDITED) FOR THE QUARTER ENDED DECEMBER 31, 2025
Cash Flow from Operating Activities (Loss) Before Taxation
Adjustment for Non-Cash and Other Items: Depreciation
Financial Charges
Changes in Operating Assets and Liabilities
{increase} / decrease In Curenf Assets Stores and Spares
Stock in Trade Trade Debts
Loans and Advances Increase//Oeczease/ in Current Liabiliffies
Trade and Other Payables Short Term Finances
Taxes Paid
Financial Charges Paid Gratuity Paid
/let Cash Flows /'rom Operating Acf*v7tTes
Cash Flow from Investing Activities Fixed Capital Expenditure
Nef Cash Out F/ows from Investing Activities
Cash Flow from Financing Activities
Long Term Loan Sponsor Loan
31-Dec-25 31-Dec-24
(Rupees in '000')
(213,198) (359,231)
92,270 | 103,755 |
13,259 | 13,980 |
105,529 117,735
(107,669) (241,496)
(27,044) | (11,096) |
776 | 344,934 |
8,147 | (6,936) |
(53,726) | (196,662) |
168,031 (1,000) | 101,444 |
95,184 231,684
(376) | (6,083) |
(127) | (113) |
(503) (6,196)
(10,779) 18,779 |
(12,988) (16,008)
JVet Cash Out Flows from Financing Act7v7t/es | 8,000 | |
Net Increase in Cash and Bank Balances | (4,988) | (16,008) |
Cash and Bank Balances at Beginning of the period | 15,561 | 28,128 |
Cash and Bank Balances at the end of the perio | 10,573 | 12,120 |
A YOUBU6 DCULAN COMPANY
DEWAN SUGAR MILLS LIMITED
Registered Office• Dewan Centra. 3-A, Lalazar Beacn Hotel
Road. Karachi - 74000 Pakistan
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Corporoto Office• 2nd Floor, Block 'A'. Finance & Trode Centre Shohrah-e- Foisol, Karachi-75 350 Pokis Ton
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The Quarterly Report of the Company for the period ended December 31, 2025 will be
transmitted through PUCARS separately, within the specified time.
Yours faithfully,
Muhommo I as Abdul Sohor Chief Financial Officer
A YOUSUF DEWAN COMMANY DEWAN SUGAR MILLS LIMITED
Registered Office: Dewan Centre, EA, LaTazar Beacln Hotel
Road, Karachi - 74000 Pakistan
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d Moqbool Ali tor
Corporo*e Office: 2nd Ploor, Block 'A', Finonce 6 Trade Cen*re Shohrah-e-FoisoI, Karachi-75350 Pokistar
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