NOON SUGAR MILLS LIMITED
Head Office: 66 Garden Block, New Garden Town, Lahore, Pakistan Tel: +92-42-35442828 Fax: +92-42-35831462 ho@noonsugar.net info@noonsugar.net www.noonsugar.net www.noonsugar.com
FSSC 22OOO
SUGAR DIVISION
GROUP OF COMPANIES
DISTILLERY DIV iSiON
NSM/H0/CS
Januay28,2026
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building,
Stock Exchange Road,
Karachi.
1 T QUARTERLY FINANCIAL RESULTS FOR THE PERIOD ENDED DECEMBER 31, 2025
Dear Sir,
We hav8 to inform you that the Board of Directors of our Company, in th8ir meeting held on January 28, 2026, at 11:30 a.m. at 66-67-A, Garden Block, New Garden Town, Lahore, recommended the following:
CASH DIVIDEND:
BONUS SHARES:
RIGHT SHARES:
ANY OTHER ENTITLEMENT/CORPORATEACTION:
ANY OTHER PRICE-SENSITIVE INFORMATION:
The financial fesults of the Company are attached.
We will be sending you the required number of copies of the printed accounts. Yours sincerely,
NASIR IQBAL ANSARI
Company Secretary
Encl: As above.
Nil Nil Nil. Nil. Nil.
SUGAR MILLS & DISTILLERY
Bhalwal, Distt. Sargodha, Pakistan
KARACHI OFFICE
Plot No. 4, 1st Floor, P.I.I.A Building
Ma tJInna Deen Mt hammarl Wafai Rnar4 Pakistan
Noon Sugar Mills Limited
Condensed interim Statement of Profit or Loss and Other Comprehensive Income (Un-Audited)
For the First Quarter Ended December 31, 2025
Quarter ended December 31, December 31,
2020 2024
Note - - Rupees in thousand - -
Sales - net | 14 | 5,645,274 | 3,065,660 |
Cost of sales | (5,253,750) | (2,936,557) | |
Gross profit | 391,524 | 129,103 | |
Distribution and marketing expenses | (113,048) | (26,572) | |
Administrative expenses | (109,368) | (99,182) | |
Other income | 15 | 134,720 | 323,145 |
Other expenses | (12,209) | (12,045) | |
(99,905) | 185,346 | ||
Profit from operations | 291,619 | 314,449 | |
Finance cost | (129,414) | (154,421) | |
Profit before taxation | 162,205 | 160,028 | |
Minimum and final tax levies | 16 | (72,247) | (38,321) |
Profit after taxation | 89,958 | 121,707 | |
Other comprehensive income | |||
Total comprehensive income for the period | 89,958 | 121,707 |
- - - - - Rupees - - -5.45
7.37
The annexed notes form an integral part of these condensed interim financial statements
Chief Executive
Chief F ncia fficerNoon Sugar Mills Limited
Condensed Interlm Statement of Financial Position as at December 31, 2025
Un-Audited Audited December 31, September 30,
2025 2025
Note - - Rupees in thousand - -
Equity and Liabilities
Share Capital and Reserves
Authorlsed capital50,000,000 ordinary shares of Rs.10 each
Issued, subscribed and paid-up capital
500,000
500,000
16,517,453 ordinary shares of Rs.10 each | 165,175 | 165,175 | ||||
Reserves | 249,217 | 249,217 | ||||
Unappropriated profit | 1,730,837 | 1,640,879 | ||||
2,145,229 | 2,055,271 | |||||
Non-current Liabilitiee | ||||||
Long term finances | 5 | i | 1,066,066 | 1,099,400 | ||
Staff retirement benefits - gratuity | 100,418 | 97,555 | ||||
Current Liabilities | 1,166,484 | 1,196,955 | ||||
Trade and other payables | 1,827,125 | 1,657,073 | ||||
Contract liabilities | 135,464 | 134,849 | ||||
Accrued mark-up | 65,277 | 74,645 | ||||
Short term finances | 3,699,896 | 2,818,644 | ||||
Current portion of non current liabilities | 322,072 | 322,072 | ||||
Unclaimed dividends | 5,014 | 5, 014 | ||||
Unpaid dividends | 6,694 | 6,694 | ||||
Provision for taxation | 281,624 | 209,374 | ||||
6,343,166 | 5,228,365 | |||||
7,509,650 | 6,425,320 | |||||
Assets
Non-Current Assets9,6S4.879 8 480 591
Property, plant and equipment | 4,691,991 | 4,530,775 | ||
Intangible assets | 10 | 6,041 | 6,405 | |
Loans and advances | 3,168 | 4,739 | ||
Security deposits | 14,542 | 14,567 | ||
4,715,742 4,556,486 urrent Assets | ||||
Stores, spares and loose tools | 172,793 | 156,469 | ||
Stock-in-trade | 1,259,059 | 2,189,206 | ||
Trade debts | 339,809 | 234,879 | ||
Loans and advances | 12 | 842,218 | 845,897 | |
Short term prepayments | 11,900 | 8,329 | ||
Other receivables | 13 | 148,831 | 149,397 | |
Prepaid tax levies | 62,776 | 49,565 | ||
Advance income tax | 276,690 | 231,315 | ||
Cash and bank balances | 1,825,061 | 59,048 | ||
4,939,137 | 3,924,105 | |||
9 | 8,480,591 | |||
C
ial OfficerThe annexed notes form an integral part of these condensed interim financial statements.
ChetExecufve Director Chief Fig
Noon Sugar Mills Limited
Condensed Interim Statement of Cash Flows (Un-Audited) For the First Quarter Ended December 31, 2025
Cash flows from operating activities
Profit before taxation
Adjustments for non-cash charges and other items:
(16,324) | (22,315) |
930,147 | 979,271 |
(104,930) | 533,767 |
3,679 | (653,576) |
(3,571) | 2,449 |
566 | 575 |
170,667 | 513,811 |
Depreciation on property, plant & equipment
Quarter ended
December 31, December 31,
2025 2024
- - Rupees in thousand - -162,205 160,028
and right-of-use assets | 115,277 | 45,120 | |
Gain on disposal of operating fixed assets | (313,653) | ||
Provision for staff retirement benefits - gratuity | 6,888 | 4,344 | |
Interest / mark-up income | (129) | (2,232) | |
Finance cost | 129,414 | 154,421 | |
Profit before working capital changes | 413,655 | 48,028 | |
(Increase) / decrease in current assets: | |||
Stores, spares and loose tools | |||
Stock-in-trade | |||
Trade debts | |||
Loans and advances | |||
Short term prepayments | |||
Other receivables | |||
Increase in trade and other payables and contract liabilities | |||
980,234 | 1,353,982 | ||
Cash used In operating activities | 1,393,889 | 1,402,010 | |
Income tax paid | (58,219) | (44,679) | |
Staff retirement benefits (gratuity) - paid | (4,025) | (20) | |
Net cash used in operating activities | 1,331,645 | 1,357,311 | |
Cash flows from investing activities |
Additions to property, plant and equipment Sale proceeds of operating fixed assets Long term deposits - net
Interest / mark-up received
Loans and advances - net
Net cash used in investing activities
Cash flows from financing activities
Longterm finance
Short term finances - net Finance cost paid
(276,493) | (78,618) | |
315,000 | ||
25 | ||
129 | 2,232 | |
1,571 | | | (1,412) |
(274,768) 237,202
(33,334) | 1,249,250 |
881,252 | (1,117,203) |
(138,782) | (385,637) |
Net cash generated from financing activities 709,136 (253,590)
Net increase in cash and cash equivalent | 1,766,013 | 1,340,923 |
Cash and cash equivalents - at beginning of the period | 59,048 | 71,225 |
Cash and cash equivalents - at end of the period | 1,825,061 | 1,412,148 |
The annexed notes form an integral part of these condensed interim financial statements.
Executive
Director Chief âncial Officer
Noon Sugar Mills Limited
Condensed Interim Statement of Changes in Equity (Un-Audited) For the First Quarter Ended December 31, 2025
Reserves
Revenue
Capital Share
premium
Un-General appropriated
Subtotal
Total
- - - - - - - - - - - - - - - - - - - Rupees in thousand - - - - - - - - - - - - - - - - - - -
Balance as at October 01, 2024 (Audited) | 165,175 | 119,217 | 130,000 | 986,588 | 1,235,806 | 1,400,981 |
Total comprehensive income for the period ended December 31, 2024 | - | 121,707 | 121,707 | 121,707 | ||
Balance as at December 31, 2024 (Un-Audited) | 165,170 | I t9,217 | 130,000 | 1,108,296 | 1,307,513 | 1,522,688 |
Balance as at October 01, 2025 (Audited) | 165,175 | 119,217 | 130,000 | 1,640,879 | 1,890,096 | 2,055,271 |
Total comprehensive income for the period ended December 31, 2025 | - | 89,958 | 89,958 | 89,958 | ||
Balance ae at December 31, 2025 (Un•AudIted) | 165,t75 | 119,217 | 130,000 | 1,730,837 | 1,980,054 | 2,145,229 |
The annexed notes form an integral part of these condensed interim financial statements.
Chief Executive Director Chi n ncial Officer