May 15, 2026
The General Manager Pakistan Stock Exchange Ltd. Stock Exchange Building, Karachi
Subiect: Financial Results for Half Year and 2nd Quarter ended March 31. 2026
Dear Sir,
MIURAN iUGARMilli LIMITIDThe Board of Directors of our company in their meeting held on May 15, 2026 at 11:30 a.m. at the registered office of the company has approved the reviewed condensed interim Financial Statements for half year and 2nd g_uarter ended Marc.h 31, 2026 and recommended the following:
k CASH DIVIDE.ND
- BONUS SHA.RES
RIGHT SHARES
5% i.e. Rs. 0.50 per share
Nil Nil
Any Other Entitl�ment/Corporate Action Nil
The financial statement approvE:d by tlJe Board of Directors of the Company are appended in
Annexure A.
We will be transmitting the condensed interim financial statements for 2nd quarter ended Murch 31, 2026 in_electronic form through Pabstan Unified Corporate Reporting System-PUCARS.
Najam ul Aqib-
Company Secretary
Executive Tower, Dolmen City. 14-B, 14th Floor, HC-3, Block-4, Marine Drive, Clifton,
Karachi-75600
Tel
(92-21) 35297814-17
Fax
(92-21) 35297818, 35297827
msm@mehransugar.com https://www.mehransugar.com
Annexure A
MEI-IRAN SUGAR MJLLS LIMITED
UNCONSOLIDATED CONDENSED INTERIM STAT0'1ENT OFPROm OR LOSS FOR THE HALF YEAR El'ffJED 31 MARCH 2026 (UN-AUDITED)
---=2�026 20252026 2025 Rupees | ||||||
Tumuvc;- - gr0�s | 5,682,509,712 | 7,983,993,171 | 4,015,857,921 | 3,311,311,527 | ||
Sales tax | _ (l ,086,52 7,209) | (1,382,708,761) | (77(),588,859) | (618,670,593) | ||
Turnover - n�t Ccst o·t sales Grnss prolit | 4,595,982,503 (3,672,338,557) 923,643,946 | 6,601,284,410 (5,883,9'/5,646) 717,308,764 | 3,245,269,062 _12,630,338,346) 614,930,716 | 2,692,640,934 (2,317,324,707) 375,316,227 | ||
Disuibutior. ccsrs . | I . (85,937,622) | (125,640,302) (198,381,G86) | -(61,832,092) (t�§,250,452) | (68,094,865) (121,661,926) | ||
--Other expcnse·s | (265,699,383) | (56;881,620) | f (:'. 14,3i | (42, I f 4,346)' | ||
Orh<>r inC'Oro.· | l03,9i6.354 | 735,032,496 | 17,577,1'75 575,799,063 | |||
(491,799,122) | 354,129,488 | (414,847,847) | 343,927,926 | |||
Ope,·a,ing p,·ofit | 431,844,824 | 1,071,438,252 | 200,082,869 | 719,244, I 53 | ||
Share dproiit from associates --net | 200,264,859 | 15,837,143 | 133,184,526 | 12,014,545 | ||
�inancc cos ts' · · | (150,761,654) | (244.882,117) | (127,544;9'77) | (1?3,6'23,512) | ||
Prntit b«:fore 11:vy and income tax | 481,348,029· | .842,393,278 | 205,722,418. | 557,635,186 | ||
. . | ||||||
Fii'1al taxes | (9� ,763,720) | . (37,594,683) | (54,914,� l"/) | (I 3,060,054) | ||
' ,J• .. . 1ax | (57,449,781) | (45;366,397) | (40,565,86'.3) | (5,900,468) | ||
frofit iJffore income tax | 332,134,528 | 759.432,1.98 | 110,242,038 | 538,674,664 | ||
Half year ended 31 March 31 March
Quarter ended
31 March 31 March
'dmi.nistrative expenses·
(244,138.471)
2,47'8)
:v11n11n111n
lrn:orlll' tax
C,m...i11
Priur Y.-:ar
- (47,286,827)
I1· · 1
ci:?,957,596),
(21.465,298)
(12,957,596) l
(47,286,827) 1 {21,465.298)
_- D.cfi:!1'eJ :· L ___ (40,955.748)1 ....___;7,473 ,.;_ 52_ 3_,.J
(16,443,725) l,075,DiB
Net profit fur tile perlod
•• # • •
--(-1-01,2-0-0,-17--0- (14,027,775)
{76,685,148) (20,3�0,215)
· 33,556,890 518,284,449
F�rui,!t{S per share - Bask :mct
� 1.ute�_(Rupees)
Chief f:xect.:tive Oftker
3.08
Director
MEHRAN SUGAR MILLS LJMffED
UNCONSOLIDATED CONDENSED INTERlMSTA1'FMENTOF FINANCIALPOSITION AS AT 31 MARCH 2026
ASSETS | Mnr 31, 2026 Un-audited Rupees | Sep 30, 2025 Audited Rupees |
1 ON-CURRENT ASSETS Property. plantar.cl equiprrk!nt | 2,606,541,944 | 1.386. 158,829 |
Right-o l�Us�-Assets | 196,237,728 | 63,291,360 |
Long term investment | 1,631,536,188 | 1,212,708,8J.9 |
Long ttorrn de::>0s irs | J,621,400 | 3,521,400 |
4,437,937,2(:0 | 3,685,680,418 |
CURR0'1T ASSCTS
Biological assets Stores anti spare pHrtS Stock-in-,rnde
Trade debts
Loans and aavanccs
Trade deposits and short term prepayments Sho11 ter;n investment�
Cash ::i,1d bank balances
TOTALASSEfS.
EQtJITV A D LIABILITll'S SHJRECAl'iTAL A D RESERVES
9,898,336.807
14,336,274,067
--�-----
1,554,668
253,885,407
7,428,911,468
350,066,925 l22,460,129 14,899,806
1,648,834,790
77,723,614
7.858.000
246,552,512
367,939,062
309,222,855
304,130,070
20,068,933
2,431,254,760
35,600,986
3,722,627,178 7,408,307,59'6
Share Capital Resen·cs
NON-CURRENT LIABILITIES
L011g-tel".11 linancmg - secured u·ase I .iaoilities
i,1arket, •:>mmi!tec tee payahlc Dcfem,d i,abilitics
D:::iTere.::: Jn... ome-Govemment Grant 11elcl1'•�d taration
CURR�T l,,IABILITl£S
Tracie and otloer pay:1bles CGntract liabilities
Short tern� bo�rowi;1gs - secured Uncta:•11ec' dividend
Ar.c1:ur,d 111an<•·llP
Taxal it,1l - 11t:I
Curr_
CO Tl. GENC � ANO COM."1lTMENTS fuTAL !<.Qlll rY A.NO LLBILIT!ES
Chief Exc .. tallv" Officer
749,276,090
3,915,107,456
4,664,�8�,546
220,651,864
181,238,441
52,682,021
2,155,327
45,881,725
685,128,·6-9-2
1,1 fs"/,738,070
754,334,634
1,325,169,974
5,8!.12,4� 1,073
47.830,048
10!>,575,468
93,332,503
95,048,141
166,410,6JO--
8,484,15�,451
i 4,336,274,!)67
ChiPt Financial Olliccr
749,276,090
4,018,386,685
4,767,662,775
240,7Y5,755
33,043,058
4(),007.766
2,235.839
55,619,953
643,288.592
1,023,990,963
711,418,9531
1,670,000
476,167,020 I
28,7'}0,417
25,079,492 1
56.086,501
106,637,093
2 I 0,804,382
1,616,653,�58
�
7,4iUS,307,22_6
� -----.::·,il.R 11;/
//-��<;.-
arac • ;!1;
----
'c'Y'
__!�/
, �/�
!'TEHRAN � UGAJl MILL', LIMITF'D
UNCONSOLIDATID CONDENSED INTIRIMS,ATFMUff OF COMPREHENSIVE INCOME
FOR THE HALF YEAR ENDED 3 I MARCl:f 2026 (UN-AUDffED)
Half year ended
31 March �3-1 _M_a-rc_h_
2026 2025
Quarter ended
31 March 31 March
2026 2025
__________________________,.___________ Rupees --------
Net profit for the period
Otl11,r curnprehensive income
!tern!: thc.:t -.•,ill il->t be recla'sslfi�d to the srate•nent of profit or h.>ss
L'nrealised gein on re-measurement of investments Gair. en d1spc:sal of investments at FVOCI
(net of ta::)
at FVTOCI - net c,f tax
Acturial gain en defined benefit plan-net of tax
230,934,357 745,40�.423 33,556,890 516,284,449
. . ·
□
I
·
□
2 960 65
2,960,65
L.....:...
_..;..i
___,
_ _ _
_
2,960,655 2,960,655
To,ai cor'!lprehensive income for th& period --.. �233,695,012 745,404,423 36,517,545 518,284,449
---·
Chic_f E.xecutive Ollh:�r Chief_Fina,ncial Onirer Director
FC.R T HE HALF YEAR ENDED 3i M.'RCH 2026 (UN-AUDITED)
IJNCONSOUlJATEU CONMDEEHNRASEND SINUTGEARRIMMSILT!..ASTEL!MMEITNET DOF C�ANGES IN EQUITY
-Cap;u;I RevenueReserves7-• 0- the- rc- -·o-m_p_one_ _ n t_ oi- E- q- ui- t�y .
_,I FV reser,elJ A
---11 �lll
.
s�bscrib
I I
· 1
�
11�ed
S,
I .'.ieneral 1U
1
' ctu�ra gain
· t d ffi
ar.d paid 11aIrf I napprup"rt;a e , o matnsr.1,a I
ooennedfeitf.mpeiodn
Sub-total
fotal Equity
prcm �m
capita
pro.,
reserve
1L-----'1-----1J'----�-�-o;__JJ_i' -----1L---'L---__J
Bal�nce as a: C1 Octobe, 2024
,S�cteprtimi.nu�i�vrd'.lC�•'□::Qfo,,.'jtr@',! yR�sa.r1e�penirnsghare
:S.1teeprt.emrrd�h,ixc3�0n.d�fo02r 5th@e yRe;a.r1e.5ndpinagr st;zre
-----�----------Rupees--------------- -74S,27o,ll90 63.261,,.50 85.000,00G 1879,115.144 4.064,746 2,131,461,140 2,780.137,230
: · (74,.927,609); . (74,927,609) (74,927,609)
.(112,3S1,414) (112,391,414) (112,391,414)
Clha, �cn1pi�i1cnsi1e income
Net oroiji ior the pe11od
To,al c,:,mpre�,ensive lnr.ome
N• ,: " 0
inttnr oi1:dend ior the year enoing
B�lanc� a; a.I 01:Cc!ober 2C�5 l•·n3te0nm5edpitleAdmebne�• f?o0r2!6he(1'2yeRa�r.e3npdeinr gsha1a
r
· 30 .::eplc!11be1 2070@ Rs I .:i per �nare
Other �omprehe, r.:;i-.e ir,come
Nai proijt fvr Iha �er.od
Tolar Co;;.pre; enslve lncon,e fu, til� perk,cJ
__;!&��-- --�281,250 85,000,000 2:624,519,567 4,0ll4Y6 2,�76,865,563 �.526, M1,E?3 749,27S,090 63,281,250 65,00G,000 3,865,863,740 4,241,695 �.018,aas,685 4,m,662,m•
-----·----:---------,-------------------------
(224,782,8?.7) (224,1a2,a21j (224,m,sui
(112,391,414) /'112,3�1,414) 111,,331.414)'
;49,m,090 63,2a1.2so as,oou,ooo " J,m,m,ass 2,9ou,sss 4,241,69'i · 3,915,107,45� �.664,383,51�
Chief E:-x1:c111iw Officer ..
---·---------
Chief_Fina,ncial Onirer Director
MEHRAN SUGAR MILLS LIMITED
UNCO�SOL:DATED COi�DENSED INTERIIVl STATEMENT OF CASH FLOWS FOR THE :-iALF YEAR cl�DED 31 MA�CH 2026 (UN-AUDITED)
31 March
2026
31 March
2025
CASH FLOWS FROM OPERATING ACTIVITIES
Profit befor2 taxation
Adjustment fo,..
Note
Depraciotio;i Ammortizatio:-: of defe1red income - government granl | J113,174,289 (10,356,456) | 108,11 6,468 (11,505,932) | |
Share of prctit from :issoci.::tes | (20(',264,852) | (15,837,143) | |
Gain on dis9osal of o;:>erat:n� tixed assets and r.i9ht-of-w,e assets. | (1 T,500,000) | (5,100,000) 1 | |
fine1nce ..:osis Provision for mario.t::l committee fee- | 150,761,654 7,89s·,o6o | 244,e82,111 1 7,108,029 I | |
Loss on dispoaal of lease f:;irm | |||
Realised lo::;s / (gain) on in11estmenls at FVTPL | 11, rn4,443 | (176,783,�42,I | |
T Ur-realised gain on remeasuremt::nl of in',A;slments at FV PL L- 191,949,001 '- (215,439,696)1 ------' -- ____J | |||
I
---Rupees---
481,348,029 842,393,278
246,854,237 | (64,559,999) | ||
Wor�ing ca�iial changes | 10 | (5,593,965,088) | (2,378,660,713) |
(4,865,762,82'-i | (1,600,827,434) | ||
Gratuity P<>id · • • | (80,512) | ||
Lon�· :,i.i'n de:pos it - net | (100,000) | ||
h1con�e ta,: pSid · | (172,211,922) | (291,196,765) | |
t:inanc::. c::ists paid " | (53,529,954) | (424,914,554), | |
IVlim | {5;813,042) | (5,813,042j' | |
�efr;c15h used !11 operating activities | (5,097,498,252) | (2,322,751.795), | |
CASH r'LOWS FKOM INV'f:ST!NG ACTIVITIES | |||
Fixsc ca�itar exoen..:Jiiur'e | (303,162,641) | · (45,0_20,23 | |
Prccee:ds fror,; disposal of o�e1ating fixed assets and nght--::i:--us::i a·s:;et�· S hart term in,ss tment� - ;iet | 17,500,00G 384,558,948 | 1 _ 6,074,437 i (124,230,134� | |
Net ca�, gencrat�d : (used in) inve&ing activities
,. I
.'-
CASH FLOW� FROM FINANCING ACTIVITIES
98,896,1.07
(153,175,979)
l:0;,� term. fin;incinc - ne• Le;::is.a r,:;ntcil5 pa;d • - .
Di✓.Uend pr.;d · . . , ... · ,
,-(-2·9,235,335) . m.,a1,a03;
I
.!��·
I �69,a3s) (20,s:37,46 •i l
�34,610)
Net cc.s.'1 uSed i1, fim:,ncing a..:tivities | (37'5,5J9,230) | (93. Ti9,264) |
(5,374,141,425) | (2,579,70"/,033) | |
Cas� 2nd C3Ch :;4ui•,,.lenta at bcgin,·,ir,g of the period | (440,566,034) | (2,591,7'11',142) |
Casll· a�, .d c.��' eq.Jivale,,ts at i¾nd of h!=ieriocf | (5,814,707,45S) | (5,171,418,180) &.:L L ;y::c-e,� |
Ca;;h and cash ,;41.,ivalents Gc!sh c:Jr,d bunk b3la11c,;,s | 77,723,6'14 | '. 26,5-.1,$59 |
Shert-term !::c: row:r.9s | (5,892,431,0?J) | (5,199,959,539) |
(5,814,707,459) | (5,171,418,180) |
Chief E:-x1:.c111iw Officer.. .
- ·--
Chin'Fi'lancial OtTice1·
Director