Habib Sugar Mills LimitedPSX: HABSM

Financial Results for the Half Year ended March 31, 2026

May 20, 2026 at 8:19 AM UTC · Issued by Habib Sugar Mills Limited

Habib Sugar Mills Limited

3"'/4 "' FLOOR, IMPERIAL COURT ,DR. ZIAUDDIN AHMED ROAD , KARACHI 75530 (PAKISTAN)

Ref: 25/26/226/C

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi

Dear Sir,

Through PUCARS ‹ilsa

May 20, 2026

CONDENSED INTERIM FINANCIAL RESULTS

FOR THE HALF-Y EAR ENDED MARCH 31, 2026 (UNAUDIT ED)

We wish to inform you that the Board of Directors of the Company in their meeting held on Wednesday, May 20, 2026 at 12:00 noon at 4th Floor, Imperial Court, Dr. Ziauddin Ahmed Road, Karachi, approved the unaudited condensed interim financial results of the Company for the half-year ended March 31, 2026 and recommended the following:

Cash Dividend NIL

Bonus Shares NIL

Right Shares NIL

Any Other Entitlement/Corporate Action NIL Any Other Price-Sensitive Information NIL

The unaudited condensed interim financial results as approved by the Board of Directors of the Company alongwith statement of Financial Position, statement of Changes in Equity and statement of Cash Flows are appended as Annexure A.

The Half yearly Report of the Company for the period ended March 31, 2026 will be transmitted through PUCARS separately, within the specified time.

Thanking you, Yours faithfully

Imran Amin Virani

Company Secretary

Encls: As above

Chief Financial Officer

PHONES : (021) 35680036 (8LINES) ; FAX : (021) 35684086; E-mail : sugarWhabib.com

MILLS : NAWABSHAH (PAKISTAN) PHONES : (0244) 360751 (5 LINES): FAX : (0244) 361314

HABIB SUGAR MILLS LIMITED

CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS

FOR THE HALF YEAR ENDED 31 MARCH 2026 (UNAUDITED)

Note

Half year ended Quarter ended 31 March 31 March 31 March 31 March

2026 2025 2026 2025

--------------- (Rupees in thousands) ------------- --

Net sales and services	13	7,203,364	9,572,728	4,020,591	4,699,245
Cost of sales		(5,653,058)	(8,181,030)	(3,106,712)	(3,942,985)
		1,550,306	1,391,698	913,879	756,260
Selling and distribution expenses		(248,721)	(235,710)	(148,580)	(13087)
Administrative expenses		(234,140)	(203,393)	(111,372)	(97,879)
Other operating expenses		(116,243)	(124,918)	(68,240)	(73,133)
Olher income	14	572,506	464,678	373,109	279,360
		(26,598)	(99,343)	44,917	(2519)
Operating profit		1,523,708	1,292,355	958,796	733,741
Finance income / (cost) - n"et		64,458	(15,211)	12,723	(36,313)
Profit before levies and Income tax		1,588,166	1,277,144	971,529	697,42B
Levies - final tax		(145,019)	(120,346)	(118,091)	(79,123)
Profit before income tax		1,443,147	1,156,798		618,305
Taxation		(519,981)	(489,654)	(317,909)	(295,878)
Net profit for the period		923,166	667,144	535,529	322,427

Earnings per share • Basle and diluted (Rupees)

6,84 _ 4.94

3.97

2.39

The annexed notes 1 to 21 form an integral part of Ihese condensed interim financiat statements.

Amir Bashlr Ahmed

Chief Financial Of/icer

Khursheed A. Jamal

Chiel'Executive

Murtaza Habib

Director

HABIB SUGAR MILLS LIMITED

CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

ASSETS

(Unaudited) (Audited)

31 March 30 September

2026 2025

Note ---- (Rupees in thousands) ----

	NON-CURRENT ASSETS Property, plant and equipment	4	2,059,871	2,125,198
	Righ-of-use assets		5,528	1I ,056
	Long-term Investments	5	5,187,571	6,832,921
" "	Long-term loans		12,945	8,24 3
	Long-term deposits		3,972	3,972
	CURRENY ASSETS		7,269,887	8,981,360
	Slores and spare parts		436,205	424,519
	Stock-In-trade	6	12,601,s13	2,057,067
	Trade debts		599,705	753,387
	Loans and advances		252,085	1,274,506
	Trade deposits and short-term prepayments		64,335	3g,gg1
	Profit accrued		1,130	678
	Other receivables		183,539	44,133
	Short-term Investments	7	2,410,475	7,374,109
	Cash and bank balances		1,279,101	2,557,066
			17,828,088	14,521,056
	TOTALASSETS		25,097,975	23,502,416
	EQUITY AND LIABILITIES
	SHARE CAPITAL AND RESERVES

Share Capital

Reserves

NON-CURRENT LIABILITIES

'" " Deferred taxation

CURRENT LIABILITIES

Trade and other payables

675,000

15,596,927

16,271,937

474,000

2,941,249

2,652,926

1,500,685

0,024

662,224

8,383

675,000

t6,768,423

17,443,423

593,800

"- "

Contract 1abiIity

Short-term borrowings Unclaimed dividends Accrued mark-up Taxalion - net

Current portion of lease liability

TOTAL EQUITY AND LIABILITIES

CONTINGENCIES AND COMMITMENTS

8,355,038

25,097,975

5,465,193

2,885,963

1,013,026

615,497

427,920

506,852

15935

23,502,416

" The annexed notes 1 to 21 form an Integral part of Ihese condensed interim financial statements.

Amir Bashir Ahmed

Chief Financial Officer

Khursheed A. Jamal

Chief Executive

Murtaza Habib

Director

HABIB SUGAR MILLS LIMITED

GONDENSEDINTEMM@TATEWENTOFCHANGESINEOUITY

FOR THE HALF YEAR ENDED 31 MARCH 2026 (UNAUDITED)

Issued,

Reserves Unrealised gain /

subscribed and paid-up

Capital reserve

General reserve

Accumulated Profit

(loss) on

re-measurement

of investment

Toll

reserves

Toad

equity

at FVOCI

(Rupeas in thousands)

Balance as on 01 October 2024	675,000	34,000	7,581,045	2,057,586	2,825,463	12,498,094	13,173,094
Realised gain on sale of investments - net				602,037	(602,037)	-	-
Transfer to general reserve			1,000,000	(1,000,000)	-	-	-
Net profit for the period				667,144		667,144	667,144
Other comprehensive Income for the period					1,595,796	1,595,796	1,595,796
Total comprehensive income for the period				667,144	1,595,796	2,262,940	2,262,940
Final cash dividend for the year ended				(810,000)		(810,000)	(810,000)
30 September 2024 @ 120°/
Balance as on 31 MarcA 2025	675,000	'34,000	8,581,045	1,516,767	3,819,222	13,951,034	14,626,034
Balance as on 01 October 2025	675,000	34,000	8,581,045	2,492,932	5,660,446	16,768,423	17,443,423
Realised gain on sale of investments - net				164,066	(164,066)	-
Transfer to general reserve			1,500,000	(1,500,00))
Net profit for the period				923,16G	-	923,166	923,166
Other comprehensive loss for the period					(1,284,652)	(1,284,652)	(1,284,652)
Total comprehensive loss for the period				923,16G	(1,284,652)	(361,486)	(361,486)
Final cash dividend for the year ended 30 September 2025 @ 120%				(810,000)	-	(810,000)	(810,000)
Balance as on 31 March 2026		34,000	40,081,045	1,270,164	4,211,728	15,596,937	16,271.937

The annexed notes 1 to 21 fom an integral part of these condensed interim financial statements.

i a hir Ah d

Chief Financial Officer

Khursheed A. Jamal

Chie(Executive

Murtaza Habib

Director

HABIB SUGAR MILLS LIMITED

CONDENSED INTERIM STATEMENT OF CASH FLOWS

FOR THE HALF YEAR ENDED 31 MARCH 2026 (UNAUDITED)

CASH FLOWS FROM OPERATING ACTIVITIES

Note

31 March 31 March

2026 2025

--- (Rupees in thousands) ----

Cash used in operations	15		(4,474,800)
Finance cost received - net		70,082	20,929
Income tax paid		(509,628)	(414,161)
Long-term loans -net		(4,732)	(1,181)
Net cash used in operating activities		(7,228,171)	(4,869,213)
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to operating fixed assets		(27,224)	t*7,246)
Sale proceeds I redemption of investments		9,043,272	11,599,939
Dividend received		245,156	300,609
Investments made		(3,537,259)	(8,547,787)
Proceeds from sale of operating fixed assets		1,998	2,835
Net eash generated from Investing activities		5,725,943	3,328,350
CASH FLOWS FROM FINANCING ACTIVITIES
Lease rentals paid		(7,552)	(3,916)
Dividend paid			(652,538)
Net cash used in financing activities		(660,925)	(656,454)
Net decrease in cash and cash equivalents		(2,163,153)	(2,197,317)
Cash and cash equivalents al the beginning of the period		1,941,569	194,587
Cash and cash equivalents at the end of the period	16	(221,584)	(2,002,730)

The annexed notes 1 to 21 form an Integral part of these condensed interim financial statements.

Amir Bashir Ahmed

Chief Financial Officar

Khursheed A. Jamal

Chief EKecutive

Murtaza Habib

Director

Earlier from Habib Sugar Mills

All Habib Sugar Mills news releases