Financial Results for the quarter ended March 31, 2025

•

May 24, 2025

The General Manager Pakistan Stock Exchange Ltd. Stock Exchange Building, Karachi

H.C.U-h.UN SUG.U-h HILLS UHIT.CD

Subject: financial Results for Hatt Year and 2nd Quarter ended March 31, 202s Dear Sir,

The Board of Directors of our company in their meeting held on May 24, 2025 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 quarter ended March 31, 2025 and recommended the following:

1. CASH DIVIDEND

2. BONUS SHARES

3. RIGHT SHARES

4. Any Other Entitlement/Corporate Action

10% i.e. Re. 1.00 per share Nil

Nil

Nil

The financial results approved by the Board of Directors of the Company are appended in Annexure A.

The share transfer books of the Company will be closed from June 11, 2025 to June 13, 2025 (both days inclusive) to determine the entitlement of dividend. Shares transfers received at the CDC Share Registrar Services Limited CDC House, 99-B, Block B S.M.C.H.S, Main Shahrah-e-Faisal, Karachi up to close of business on June 10, 2025 will entitle the transferee to receive the aforesaid dividend.

#��

0,,--:.

Ii�"(

KarqChi

*

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

MEHRAN SUGAR MILLS LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS - (UN-AUDITED)

FOR THE HALF YEAR ENDED 31 MARCH 2025

Half year ended 31 March 31 March

2025 2024

Rupees Rupees

Quarter Ended 31 March 31 March

2025 2024

Rupees Rupees

Turnover - gross

7,983,993,171

3,915,477,923 3,311,311;527

1,968,936,577

Sales tax (1,382,708,761) (418,354,470) (618,670,593) (176,864,684)

Turnover - net

6,601,284,410

3,497,123,453 2,692,640,934

1,792,071,893

Cost of sales (5,883,975,646) (2,554,882,837) (2,317,324,707) (1,143.857,111)

Gross profit

Distribution costs Administrative expenses Other expenses

Other income

717,308,764

942,240,616 375,316,227

648,214,782

354,129,488 374,868,955 543,927,928 90,275,543

Operating profit

1,071,438,252

1,317,109,571 719,244,153

738,490,325

Share of profit / (loss) from associates - net 15,837,143

471,286 12,014,545

(10,300,638)

Finance costs (244,882,117) (535,498,187) (173,623,512) (451,922,792)

Profit before levy and income tax 842,393,278

782,082,670 557,635,186

276,266,895

Final taxes Minimum tax

Profit before income tax Income tax

• Current

• Deferred

(37,594,683)

(45,366,397)

(21,465,298) (110,381,604)

7,437,523 47,979.024

759,432,198

(14,027,775)

(9,879,908) (13,060,054)

- (5,900,468)

(21,465,298)

1,070,083

772,202,762 538,674,664

(62,402,580) (20,390,215)

(7,074,236)

269,192,659

(81,492,942)

47,979,024

(33,513,918)

Net profit for the period Earnings per share -

Basic and diluted (Rupees)

745,404,423 709,800,182 518,284,449

9.95 9.47 6.92

235,678,741

3.15

Chief Executive Officer

Chief Financial Offidej/

Director

MEHRAN SUGAR MILLS LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

ASSETS

NON-CURRENT ASSETS

Property, plant and equipment Right-of-use assets

Long term investments Long term deposits

CURRENT ASSETS

Biological assets Stores and spare parts Stock-in-trade

Trade debts

Loans and advances

Trade deposits and short-term prepayments Short-term investments

Taxation - net

Cash and bank balances TOTALASSETS

EQUITY AND LIABILITIES

SHARE CAPITAL AND RESERVES

Authorised capital

Issued, subscribed and paid-up share capital Reserves

NON-CURRENT LIABILITIES

Long-term financing Lease liabilities

Market committee fee payable

Deferred liabilities

Deffered Income-Government Grant Deferred taxation

CURRENT LIABILITIES

Trade and other payables Contract liabilities

Short term borrowings Unclaimed dividend Accrued mark-up

Provision for market committee fee Current portion of non-current liabilities Sales tax and federal excise duty payable

CONTINGENCIES AND COMMITMENTS

TOTAL EQUITY AND LIABILITIES

Chief Executive Officer Chief Financial Offider

31 March 2025 (Un-audited)

Rupees

2,318,592,082

60,031,307

1,142,253,436

3,436,400 3,524,313,225

2,213,021

215,346,978

5,635,484,269

327,081,476

64,392,937

15,777,084

1,143,669,072

187,611,365

28,541,359

7,620,117,561

11,144.430,786

1,500,000,000 749,276,090

2,776,865,562 3,526,141,652

261,333,162

25,126,023

48,676,134

3,520,561

65,344,441

535,248,672

939,248,993

528,945,355

510,076,258

5,199,959,539

26,816,767

72,092,379

7,108,029

146,815,714

187,226,100

6,679,040,141

11,144,430,786

30 September

2024

(Audited) Rupees

2,356,445,597

129,536,144

1,126,416,293

3,436,400 3,615,834,434

17,414,250

179,009,795

2,599,018,609

479,404,658

134,311,102

62,803,496

627,215,350

840,978

08,406,886

4,188,425,124

7,804,259,558

749,276,090

2,031,461,139 2,780,737,229

289,780,120

76,471,242

57,000,808

3,520,561

75,704,286

542,686,195

1,045,163,212

508,269,044

51,204,552

2,680,118,028

26,816,767

266,142,380

188,707,371

257,100,975

3,978,359,117

7,804,259,558

MEHRAN SUGAR MILLS LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY - (UN-AUDITED) "

FOR THE HALF YEAR ENDED 31 MARCH 2025

---------------------------------------------------------------------------------------- Rupees -----------------------------------------

Chief Executive Officer Chief Financia Offide U C Director

MEHRAN SUGAR MILLS LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS -(UN-AUDITED) FOR THE HALF YEAR ENDED 31 MARCH 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation Adjustment for:

Depreciation

Ammortization of deferred income - government grant Share of profit from associates

Gain on disposal of operating fixed assets and right-of-use assets Finance costs

Provision for market committee fee Realised gain on investments at FVTPL

Unrealised gain on remeasurement of investments at FVTPL Working capital changes

Gratuity paid Taxes paid Finance costs paid

Market committee fee paid

Net cash used in operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed capital expenditure

Proceeds from disposal of operating fixed assets and right-of-use assets

Short term investments made

Proceeds from disposal of short-term investments Dividend received

Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Long term financing - net Lease rentals paid Dividend paid

Net cash used in financing activtties

Net decrease in cash and cash equivalents

Cash and cash equivalents at beginning of the period

Cash and cash equivalents at end of the period

Cash and cash equivalents Cash and bank balances Short-term borrowings

�l'W&.d E')..-..•-Chief Executive Officer

31 March

2025

Rupees

842,393,278

108,116,468

(11,505,932)

(15,837,143)

(5,100,000)

244,882,117

7,108,029

(176,783,842)

(215,439,696) (64,559,999)

(2,378,660,713)

(1,600,827,434)

(291,196,765)

(424,914,554)

(5,813,042� (2,322,751,795)

(45,020,232)

6,074,437

(3,079,839,067)

2,955,608,883

(163,175,979)

(73,181,803)

(20,597,461)

(93,779,264)

(2,579,707,038)

(2,591,711,142)

{5,171,418,180}

.., 28,541,359

(5,199,959,539)

{5,171,418,180)

Director

31 March

2024

Rupees

782,082,669

108,510,098

(12,448,606)

(471,286)

(3,000,000)

535,498,186

9,029,320

(285,689,881)

(257,376,072)

94,051,759

(9,452,292,596)

(8,576,158,168)

(428,703)

(124,113,474)

(101,534,852)

(4,009,153)

(8,806,244,350)

(58,865,882)

3,000,000

(3,446,849,829)

3,449,445,141

24,999,999

(28,270,571)

(41,410,541)

(38,381,019)

(295,632,132) (375,423,692)

(9,209,938,613)

32,582,965

(9,177,355,648)

111,211,386

(9,288,567,034)

{9,177,355,648)