FSSC
NOON SUGAR MILLS LIMITED
Head Office: 66-67- A Garden Block, New Garden Town, Lahore, Pakistan
Tel: +92-42-35442828/35881128
Fax: +92-42-35831462 ho@noonsugar.net
N
GROUP OF COMPANIES
info@noonsugar.net
https://www.noonsugar.net https://www.noonsugar.com
NSM/HO/CS
May 29, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building, Stock Exchange Road,
Karachi.
DISTLLEPYD1V‹S ?
HALF.YEARLY FNANCIALRESULTSFORTHE PERIOD ENDED MARCH31,2025
Dear Sir,
We have to inform you that the Board of Directors of our Company, in their meeting held on May 29, 2025, 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/CORPORATE ACTION:
ANY OTHER PRICE-SENSITIVE INFORMATION:
The financial rest Its of the Company are attached.
We will be sending you the required number of copies of printed accounts. Yours sincerely,
NASIR IQBAL ANSARI
Company Secretary
Encl: As above.
Nil. Nil Nil. Nil. Nil.
SUGAR MILLS & DISTILLERY
Bhalwal, Distt. Sargodha, Pakistan
Tel: +92-48-6642411 & 12 Fax: +92-48-6642784
sugarmill @noonsugar. net disfillery@ noonsugar.net
KARACHI OFFICE
Plot No. 4, 1st Floor, P.I.I.A Building
Maulana Deen Muhammad Wafai Road, Karachi-74200, Pakistar› Tel: +92-21-35685363 Fax: +92-21-356805 17 ko@noonsugar, net
Noon Sugar Mills Limited
Condensed Interim Statement of Profit or Loss and Other Comprehensive Income (Un-audited)
For the Quarter and Six Months Period Ended March 31, 2025
Quarter ended Six months period ended | |||||
March 31, | March 31, | March 31, | March 31 | ||
2025 | 2024 | 2025 | 2024 | ||
Note - - - - - - - - - - - - - - - Rupees in '000 - - - - - - - - - - - - - - - | |||||
Sales - net 17 | 2,813,592 | 2,273,931 | 5,879,253 | 5,072,179 | |
Cost of sales | -2,598,869 | -1,629, 732 | -5,535,426 | -3.993 155 | |
Gross profit | 214,723 | 644,199 | 343,827 | 1 079 024 | |
Distribution and marketing expenses | -57,621 | -83 068 | -84,193 | -104 168 | |
Administrative expenses | -97,573 | -101,449 | -196,755 | -189.952 | |
Other income 18 | 76,822 | 22,117 | 399,967 | 37,536 | |
Other expenses | -4,020 | -9,367 | -16,065 | -27.550 | |
Profit from operations | 132,331 | 472,432 | 446,781 | 794 890 | |
Finance cost | -84,617 | -317,928 | -239,038 | (399,804) | |
Profit before minimum | |||||
and final tax levies | 47,714 | 154,504 | 207,743 | 395 086 | |
Minimum and final tax levies | -35,916 | -27,027 | -74,237 | (62 160) | |
Profit before income tax | 11,798 | 127,477 | 133,506 | 332 926 | |
Income tax expense | 0 | -51,029 | 0 | -51,029 | |
Profit after income tax | 11,798 | 76,448 | 133,506 | 281 897 | |
Other comprehensive income | 0 | 0 | 0 | ||
Total comprehensive income for the period | 11,798 | 76,448 | 133,506 | 281.897 | |
Earnings per share - basic and diluted
- - - - - - - - - - - - - - - - - - Rupees - - - -
0.71 4.63
8.08 47 07
The annexed notes 1 to 23 form an integral part of these condensed interim financial statements
Chief Executive Officer Director Chief Financial Officer
Noon Sugar Mills Limited
Condensed Interim Statement of Financial Position as at March 31, 2025
Un-audited Audited March 31, September 30,
2025 2024
Equity and Liabilities
Share Capital and Reserves Authorised capital
Note --- Rupees in '000 ---
1,304,881 | 250,000 | |
94,354 | 87,168 | |
1,399,235 | 337,168 | |
2,941,876 | 1,562, 010 | |
108,037 | 121,605 | |
162,220 | 371,757 | |
6,231,415 | 5,071,266 | |
194,369 | 0 | |
5,014 | 5,015 | |
6,696 | 6,698 | |
273,709 | 199,472 | |
9,923,336 | 7,337,823 |
500,000 500,000
Issued, subscribed and paid-up capital | 165,175 | 165,175 | |||
Reserves | 249,217 | 249,217 | |||
Unappropriated profit | 1,120,095 | 986,589 | |||
1,534,487 | 1,400,981 | ||||
Non-current Liabilities | |||||
Long term finances | 7 | ||||
Staff retirement benefits - gratuity | |||||
Current Liabilities | |||||
Trade and other payables | 8 | ||||
Contract liabilities | |||||
Accrued mark-up | |||||
Short term finances | 9 | ||||
Current portion of long term finances | 7 | ||||
Unclaimed dividends | |||||
Unpaid dividends | |||||
Provision for tax levies | |||||
11,322,571 | 7,674 991 | ||||
Contingencies and Commitments | 10 | ||||
12,857,058 | 9,075,972 | ||||
Assets | |||||
Non-current Assets | |||||
Property, plant and equipment | 11 | 4,381,399 | 3,824,035 | ||
Loans and advances | 12 | 6,624 | 8,822 | ||
Security deposits | 14,546 | 14,546 | |||
4,402,569 | 3,847,403 | ||||
Current Assets | |||||
Stores, spares and loose tools | |||||
Stock-in-trade | 13 | ||||
Trade debts | |||||
Loans and advances | 14 | ||||
Short term prepayments | |||||
Other receivables | 15 | ||||
Prepaid tax levies | |||||
Tax refunds due from Government | 16 | ||||
Bank balances | |||||
8,454,489 | 5,228,569 | ||||
12",857,058 | 9,075,972 | ||||
163,548 | 185,302 |
6,471,204 | 3,161,743 |
131,175 | 618,814 |
939,831 | 775,912 |
14,848 | 3,601 |
148,153 | 133,857 |
74,274 | 32,549 |
329,945 | 245,566 |
181,511 | 71,225 |
The annexed notes 1 to 23 form an integral part of these condensed interim financial statements.
Chief Execq Director Chief inancial Officer
Noon Sugar Mills Limited
Condensed Interim Statement of Changes in Equity (Un-audited) For the Six Months Period Ended March 31, 2025
Share
Reserves
Capital Revenue
Un-
TOtal
capital Share
p re m i LIm
General appropriated
profit
Sub- total
------------------------------------------- Ru pees in '000 -------------------------------------------
Balance as at September 30, 2023 (audited) 165,175 119,217 130,000 1,671,259 1,920,476 2,085.651
per ordinary share for the year | ||||||
ended September 30, 2023 0 | 0 | 0 | (66,070) | -66,070 | -66,070 | |
Total comprehensive income | ||||||
for the period | 0 | 0 | 0 | 281,897 | 281,897 | 281,897 |
Balance as at March 31, 2024 (un-audited) | 165,175 | 119,217 | 130,000 | 1,887,086 | 2,136,303 | 2,301,478 |
Balance as at September 30, 2024 (audited) | 165,175 | 119,217 | 130,000 | 986,589 | 1,235,806 | 1,400,981 |
Total comprehensive income for the period | 0 | 0 | 0 | 133,506 | 133,506 | 133,506 |
Balance as at March 31, 2025 (un-audited) | 165,175 | 119,217 | 130,000 | 1,120,095 | 1,369,312 | 1,534,487 |
Transaction with owners - distributions Cash dividend at the rate of Rs.4
The annexed notes 1 to 23 form an integral part of these condensed interim financial statements.
Chief Executive Director
' '*
Chief Financia I Officer
Noon Sugar Mills Limited
Condensed Interim Statement of Cash Flows (Un-audited) For the Six Months Period Ended March 31, 2025
Cash flows from operating activities
Six months period ended March 31, March 31
2025 2024
- - Rupees in '000 - -
Profit for the period before minimum and final tax levies | 207,743 | 395, 066 | |
Adjustments for non-cash charges and other items: | |||
Depreciation on property, plant & equipment | 91,772 | 98835 | |
Gain on sale of operating fixed assets | -315,714 | (2,927) | |
Provision for staff retirement benefits - gratuity | 11,217 | 14,0"79 | |
Provision against slow moving stores and spares | |||
inventory written-back | -1,283 | 0 | |
Finance cost | 239,038 | 399.804 | |
Profit before working capital changes | 232,773 | 904,877 | |
Effect on cash flows due to working capital changes | |||
Decrease / (increase) in current assets: | |||
Stores, spares and loose tools | 23,037 | (81,771) | |
Stock-in-trade | -3,309,461 | (5,806,756) | |
Trade debts | 487,639 | (26 610) | |
Loans and advances | -163,919 | 192,398 | |
Short term prepayments | -11,247 | (6 772) | |
Other receivables | -14,296 | 34,462 | |
Increase in current liabilities: | |||
Trade and other payables and contract liabilities 1,366,298 | 703,343 | ||
-1,621,949 | (4,991 726) | ||
Cash used in operations -1,389,176 | (4,086,849) | ||
Minimum and final tax levies paid Sales tax refundable - net
Staff retirement benefits (gratuity) - paid
Net cash used in operating activities Cash flows from investing activities
Additions to property, plant and equipment Sale proceeds of operating fixed assets Long term security deposits - net
Loans and advances - net
Net cash used in investing activities
Cash flows from financing activities Long term finances obtained
Short term finances - net Lease liabilities - net Finance cost paid Dividends paid
Net cash generated from financing activities
Net increase / (decrease) in cash and cash equivalents Cash and cash equivalents - at beginning of the period
Cash and cash equivalents - at end of the period
-76,418 (129 070)
-49,686 0
-4,031 (5.543)
-1,519,311 (4,221,452)
(1,071,992)
8 172
(225)
2,687
-652,522
319,100
0
2,198
-331,224 (1.061,358)
1,249,250
1,160,149
0
-448,575
-3
0
5,472,834
(581)
(164,511)
(65,065)
1,960,821 5,242,677
110,286 (40.143)
71,225 109.877
181,511 69.734
The annexed notes 1 to 23 form an integral part of these condensed interim financial statements
Chief Executive Officer Director Chief Financial Officer