CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2026
Un-audited Audited
EQUITY AND LIABILITIES
Share Capital and Reserves
Authorized capital
35,000,000 (Sept. 30, 2022: 35,000,000) ordinary
Note
March 31, 2026 Sep 30, 2025 Rupees
shares of Rs. 10 each | 350,000,000 | 350,000,000 | ||
Issued, subscribed and paid up capital | 6 | 324,000,000 | 324,000,000 | |
Loan from Directors | 7 | 1,290,088,319 | 1,283,018,319 | |
Surplus on Revaluation of Property, | ||||
Plant and Equipment | 4,295,913,843 | 4,394,722,372 | ||
Accumulated loss | (5,734,513,725) | (5,719,685,672) | ||
175,488,437 | 282,055,019 | |||
Non Current Liabilities | ||||
Long term financing | 8 | - | - | |
Deferred liabilities | 170,680,443 | 170,710,443 | ||
Deferred taxation | 1,238,281,661 | 1,264,919,381 | ||
1,408,962,104 | 1,435,629,824 | |||
Current Liabilities | ||||
Trade and other payables | 828,541,806 | 828,973,901 | ||
Markup/ interest payables | 1,183,695,578 | 1,183,695,578 | ||
Short term borrowings | 9 | 753,147,795 | 752,354,725 | |
Unclaimed dividend | 1,443,972 | 1,443,972 | ||
Current portion of non current liabilities | 10 | 1,367,187,642 | 1,367,187,642 | |
4,134,016,793 | 4,133,655,818 | |||
Contingencies and Commitments | 11 | - | - | |
5,718,467,334 | 5,851,340,661 | |||
ASSETS | ||||
Non Current Assets | ||||
Property, plant and equipment | 12 | 5,462,038,587 | 5,590,405,003 | |
Long term deposits | 470,000 | 470,000 | ||
5,462,508,587 | 5,590,875,003 | |||
Deferred Cost | 98,000,000 | 98,000,000 | ||
Current Assets | ||||
Stores, spares and loose tools | 56,407,833 | 56,407,833 | ||
Stock in trade | 13 | - | - | |
Advances, deposits, prepayments and other recievables | 98,708,547 | 103,397,890 | ||
Cash and bank balances | 2,842,367 | 2,659,935 | ||
157,958,747 | 162,465,658 | |||
5,718,467,334 | 5,851,340,661 |
The annexed notes form an integral part of these condensed interim financial information
ABDULLAH ILYAS
CHIEF EXECUTIVE
RAZA MUSTAFA
DIRECTOR
SYED MUBASHIR HUSSAIN BUKHARI
CHIEF FINANCIAL OFFICER
HASEEB WAQAS SUGAR MILLS LIMITEDCONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED)
FOR THE HALF YEAR AND 2ND QUARTER ENDED MARCH 31, 2026
Half year ended | Quarter ended | |||||||
March 31, 2026 March 31, 2025 | March 31, 2026 March 31, 2025 | |||||||
Note | Rupees | Rupees | ||||||
Sales - Net | 14 | - - | - - | |||||
Cost of goods sold | 15 | (131,841,774) (141,418,666) | (65,919,077) (69,856,733) | |||||
Gross profit/(loss) | (131,841,774) (141,418,666) | (65,919,077) (69,856,733) | ||||||
Operating expenses: | ||||||||
- Administrative and general | (9,673,510) | (6,410,556) | (5,750,285) | (2,881,840) | ||||
(141,515,284) | (147,829,222) | (71,669,362) | (72,738,573) | |||||
Other operating income | 16 | 1,248,248 | - | 1,248,248 | - | |||
(Loss/Profit) from operation | (140,267,036) | (147,829,222) | (70,421,114) | (72,738,573) | ||||
Finance cost | (7,266) | (1,642) | (7,266) | (100) | ||||
(Loss/Profit) before taxation | (140,274,302) | (147,830,864) | (70,428,380) | (72,738,673) | ||||
Taxation | ||||||||
| - 26,637,720 | - 34,958,350 | - (96,420,049) | - (65,910,306) | ||||
26,637,720 | 34,958,350 | (96,420,049) | (65,910,306) | |||||
(Loss/Profit) after taxation | (113,636,582) | (112,872,514) | (166,848,429) | (138,648,979) | ||||
Loss/Profit per share - basic and diluted | (3.51) | (3.48) | (5.15) | (4.28) | ||||
The annexed notes form an integral part of these condensed interim financial information.
ABDULLAH ILYAS
RAZA MUSTAFA
SYED MUBASHIR HUSSAIN BUKHARI
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER
HASEEB WAQAS SUGAR MILLS LIMITEDCONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED)
FOR THE HALF YEAR AND 2ND QUARTER ENDED MARCH 31, 2026
Half year ended Quarter ended
March 31, 2026 March 31, 2025 March 31, 2026 March 31, 2025
Rupees Rupees
(Loss/Profit) after taxation (113,636,582) (112,872,514) (166,848,429) (138,648,979)
Other comprehensive income for the period - - - -
Total comprehensive (loss) for the period (113,636,582) (112,872,514) (166,848,429) (138,648,979)
The annexed notes form an integral part of these condensed interim financial information
ABDULLAH ILYAS
RAZA MUSTAFA
SYED MUBASHIR HUSSAIN BUKHARI
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER
HASEEB WAQAS SUGAR MILLS LIMITEDCONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)
FOR THE HALF YEAR ENDED MARCH 31, 2026
March 31, 2026 March 31, 2025
Rupees
CASH FLOW FROM OPERATING ACTIVITIES
(Loss)/profit before taxation | (140,274,302) | (147,830,864) | |
Adjustments for: | |||
- Depreciation | 128,366,416 | 135,459,428 | |
- Finance cost | 7,266 | 1,642 | |
128,373,682 | 135,461,070 | ||
Operating profit before working capital changes | (11,900,620) | (12,369,794) | |
(Increase) / decrease in current assets: | |||
- Stores, spares and loose tools | - | (7) | |
- Stock in trade | - | - | |
- Advances, deposits, prepayments and other recievables | 4,524,906 | (14,051,193) | |
Increase / (decrease) in current liabilities: | |||
- Trade and other payables | (432,095) | 13,139,932 | |
4,092,811 | (911,268) | ||
Cash generated /(used in) from operations | (7,807,809) | (13,281,062) | |
Income tax paid / deducted | 164,437 | 76,753 | |
Gratuity paid | (30,000) | - | |
Finance cost paid | (7,266) | (1,642) | |
Net cash generated from/(used in) operating activities | (7,680,638) | (13,205,951) | |
CASH FLOW FROM INVESTING ACTIVITIES | |||
Property, plant and equipment purchased | - | - | |
Long term deposits | - | - | |
Proceeds from sale of property, plant and equipment | - | - | |
Net cash (used in) investing activities | - | - | |
CASH FLOW FROM FINANCING ACTIVITIES | |||
Proceeds / (Repayment) from long term loans - Net | - | - | |
Proceeds / (Repayment) from Directors/Sponsors- Net | 7,070,000 | 4,617,000 | |
Proceeds / (Repayment) of related parties | 793,070 | (1,377) | |
Net cash generated from financing activities | 7,863,070 | 4,615,623 | |
Net increase/(decrease) in cash and cash equivalents | 182,432 | (8,590,328) | |
Cash and cash equivalents at the beginning of the period | 2,659,935 | 8,632,886 | |
Cash and cash equivalents at the end of the period | 2,842,367 | 42,558 | |
The annexed notes form an integral part of these condensed interim financial information.
ABDULLAH ILYAS
RAZA MUSTAFA
SYED MUBASHIR HUSSAIN BUKHARI
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER
HASEEB WAQAS SUGAR MILLS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)
FOR THE HALF YEAR ENDED MARCH 31, 2026
Issued | Loan | Surplus on | Accumulated | ||||||
Subscribed | from | Revaluation of | (Loss) / Profit | Total | |||||
and Paid up | Directors | Property, Plant | |||||||
Capital | & Equipments | ||||||||
R u p e e s | |||||||||
Balance as at September 30, 2024 | 324,000,000 | 1,258,445,119 | 4,549,877,441 | (5,629,735,685) | 502,586,875 | ||||
Loss for the period | - | - | - | (112,872,114) | (112,872,114) | ||||
Other comprehensive Income / (Loss) for the Period | - | - | - | - | - | ||||
Total comprehensive income / (loss) for the period | - | - | - | (112,872,114) | (112,872,114) | ||||
Transation with Owners: | |||||||||
Increase / (Decrease) in Director's Laon during the Period | - | 4,617,000 | - | - | 4,617,000 | ||||
Surplus on revaluation of fixed assets transferred to | |||||||||
retained earnings in respect of incremental depreciation - net of Tax | - | - | (79,206,352) | 79,206,352 | - | ||||
Balance as at March 31, 2025 | 324,000,000 | 1,263,062,119 | 4,470,671,089 | (5,663,401,447) | 394,331,761 | ||||
Total comprehensive loss for the period | |||||||||
Net (loss) for the period | - | - | - | (132,232,942) | (132,232,942) | ||||
Other comprehensive income | - | - | - | - | - | ||||
Total comprehensive income / (loss) for the period | - | - | - | (132,232,942) | (132,232,942) | ||||
Increase in director's loan during the year | - | 19,956,200 | - | - | 19,956,200 | ||||
Revaluation Surplus arise during the year Surplus on revaluation of fixed assets transferred to | - | - | |||||||
retained earnings in respect of incremental depreciation | - | (75,948,717) | 75,948,717 | - | |||||
Balance as at September 30, 2025 | 324,000,000 | 1,263,062,119 | 4,394,722,372 | (5,719,685,672) | 262,098,819 | ||||
Total comprehensive loss for the period | |||||||||
Net loss for the period | - | - | - | (113,636,582) | (113,636,582) | ||||
Adjustment | - | ||||||||
Other comprehensive income | - | - | - | - | - | ||||
Total comprehensive income / (loss) for the period | - | - | - | (113,636,582) | (113,636,582) | ||||
Increase in director's loan during the year | - | 7,070,000 | - | - | 7,070,000 | ||||
Surplus on revaluation of fixed assets transferred to | (98,808,529) | 98,808,529 | - | ||||||
retained earnings in respect of incremental depreciation | - | - | - | - | - | ||||
Balance as at March 31, 2026 | 324,000,000 | 1,270,132,119 | 4,295,913,843 | (5,734,513,725) | 155,532,237 |
The annexed notes form an integral part of these condensed interim financial information.
ABDULLAH ILYAS
RAZA MUSTAFA
SYED MUBASHIR HUSSAIN BUKHARI
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER