GROUP OF COMPANIES
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 info@ noon sugar. net https://www.noon sugar.net https://www.noon sugar.com
SGS
FSSC
SUGAH DIVISIUFJ
NSM/HO/CS
Jun 28,2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building, Stock Exchange Road,
Karachi.
DISTILLERY DCV SION
3RD0UARTERLY FINANCIALRESULTS FORTHE PERIOD ENDEDJUNE30,2025
Dear Sir,
We have to inform you that the Board of Directors of our Company, in their meeting held on July 28, 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 results 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.
NI
Nil Nil. Nil. Nil.
SUGAR MILLS & DISTILLERY
Bhalwal, Distt. Sargodha, Pakistan
Tel: +92-48-6642411 & 12 Fax: +92-48-6642784
sugarmill@noonsugar.net distillery@noonsugar.net
KARACHI OFFICE
Plut No. 4, 1st Floor, P.I.I.A Building
Maulana Deen Muhammad Wafai Road, Karachi-74200, Pakistan Tel: +92-21-35685363 Fax: +92-21-35680517 ko@noonsu*ar ne
Noon Sugar Mills Limited
Condensed Interim Statement of Profit or Loss and Other Comprehensive Income (Un-audited)
For the Quarter and Nine Months Period Ended June 30, 2025
Quarter ended Nine months period ended
June 30, | June 30, | June 30, | June 30, | |
2025 | 2024 | 2025 | 2024 | |
Note - - - - - - - - - - - - - - - Rupees in '000 - - - - - - - - - - - - - - - | ||||
Sales - net 17 | 3,494,434 | 2,785,250 | 9,373,687 | 7,857,429 |
Cost of sales | -2,995,362 | -2,221,302 | -8,530,788 | -6,214,457 |
Gross profit | 499,072 | 563,948 | 842,899 | 1,642,972 |
Distribution and marketing expenses | -57,149 | -49,717 | -141,342 | -153,885 |
Administrative expenses | -96,851 | -86,783 | -293,606 | -276,735 |
Other income 18 | 65,032 | 6,505 | 464,S99 | 44,041 |
Other expenses | -13,384 | -4,854 | -29,449 | -32,404 |
Profit from operations | 396,720 | 429,099 | 843,501 | 1,223,989 |
Finance cost | -219,194 | -396,316 | -458,232 | (796,120) |
Profit before minimum | ||||
and final tax levies | 177,526 | 32,783 | 385,269 | 427,869 |
Minimum and final tax levies | -44,535 | -21,236 | -118,772 | (83,396) |
Profit before income tax | 132,991 | 11,547 | 266,497 | 344,473 |
Income tax expense | 0 | -178 | 0 | -51,207 |
Profit after income tax | 132,991 | 11,369 | 266,497 | 293,266 |
Other comprehensive income | 0 | 0 | 0 | 0 |
Total comprehensive income for the period | 132,991 | 11,369 | 266,497 | 293,?66 |
Earnings per share - basic and diluted
- - - - - - - - - - - - - - - - - - Rupees - - -
8.05 0.69 16.13
17.75
The annexed notes 1 to 23 form an integral part of these condensed interim financial statements.
Chief Executive Director Chief Financial Officer
Noon Sugar Mills Limited
Condensed Interim Statement of Financial Position as at June 30 2025
Un-audited Audited June 30, September 30
2025 2024
Equity and Liabilities
Share Capital and Reserves Authorised capital
Issued, subscribed and paid-up capital Reserves
Unappropriated profit
Note --- Rupees in '000 ---
500,000 500,000
165,175 165,175
249,217 249 217
1,304,881 | ||
250,000 | ||
84,389 | 87,168 | |
1,389,270 | 337,168 | |
1,859,657 | 1,562,010 | |
107,184 | 121 605 | |
223,775 | 371.757 | |
4,889,900 | 5,071,266 | |
194,369 | 0 | |
5,014 | 5,015 | |
6,696 | 6.698 | |
318,247 | 199,472 | |
7,604,842 | 7,337,823 | |
1,253,086 986.589
1,667,478 | 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 | |||||
Contingencies and Commitments | 10 | 8,994,112 | 7,674 991 | ||
10,661,590 | 9,075,972 | ||||
Assets | |||||
Non-current Assets | |||||
Property, plant and equipment | 11 | 4,310,515 | 3 824 035 | ||
Loans and advances | 12 | 7,730 | 8 822 | ||
Security deposits | 14,553 | 14 546 | |||
Current Assets | 4,332,798 | 3 847,403 | |||
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 | |||||
6,328,792 | 5,228,56â | ||||
10,661,590 | 9,075,972 | ||||
163,434 | 1d5,302 |
3,777,925 | 3,161,743 |
441,661 | 618,614 |
791,375 | 775,912 |
15,139 | ?,601 |
149,686 | 133,8i?7 |
79,472 | 32,540 |
323,952 | 245.56C |
586,148 | 71,225 |
indexed notes 1 to 23 form an integral part of these condensed interim financial statements
Chief Executive t
Director Chief Financial Officer
Noon Sugar Mills Limited
Condensed Interim Statement of Changes in Equity (Un-audited) For the Nine Months Period Ended June 30, 2025
Share
Reserves
Capital Revenue
Un-
TOtal
capital Share premium
General appropriated
profit Rupees in '000
Sub- total
Balance as at September 30, 2023 (audited) Transaction with owners - distributions
Cash dividend at the rate of Rs.4
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 | 293,266 | 293 266 | 203 266 |
Balance as at June 30, 2024 (un-audited) | 165,175 | 119,217 | 130,000 | 1,898,455 | 2,147,672 | 2,312 84? |
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 | 266,497 | 266,497 | 266,497 |
Balance as at June 30, 2025 (un-audited) | 165,175 | 119,217 | 130,000 | 1,253,086 | 1,502,303 | 1,667,478 |
The
nnexed notes 1 to 23 form an integraI part of these condensed interim financial statements.
Chief Executive Director Chief Financial Officer
Noon Sugar Mills Limited
Condensed Interim Statement of Cash Flows (Un-audited) For the Nine Months Period Ended June 30, 2025
Cash flows from operating activities
Profit for the period before minimum and final tax levies Adjustments for non-cash charges and other items:
Six months period ended June 30, June 30,
2025 2024
- - Rupees in '000 - -385,269 427,869
Depreciation on property, plant & equipment | 209,061 |
Gain on sale of operating fixed assets | -315,714 |
Provision for staff retirement benefits - gratuity Interest / mark-up income | 16,773 |
Provision against slow moving stores and spares | |
inventory written-back | -1,283 |
148,903
(2,927)
22,497
(1,674)
Finance cost | 458,232 | 796,120 | ||
Profit before working capital changes | 752,338 | 1,390,788 | ||
Ehect on cash flows due to working capital changes | ||||
Decrease / (increase) in current assets: | ||||
Stores, spares and loose tools | 23,151 | (55,568) | ||
Stock-in-trade | -616,182 | (4,118,368) | ||
Trade debts | 177,153 | (858,808) | ||
Loans and advances | -15,463 | 48,925 | ||
Short term prepayments | -11,538 | (6,884) | ||
Other receivables Increase in current liabilities: | -15,829 | 30,632 | ||
Trade and other payables and contract liabilities | 283,226 | 524,344 | ||
-175,482 | (4,435,727) | |||
Cash used in operations | 576,856 | (3,044,939) | ||
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 I (decrease) in cash and cash equivalents Cash and cash equivalents - at beginning of the period
Cash and cash equivalents - at end of the period
-125,306 (126,981)
-19,552 (7,157)
431,998 (3,179,077)
-698,927
319,100
-7
1,092
(1,402,844)
8,171
225
1,674
-378,742 (1,413,263)
1,249,250
-181,366
0
-606,214
-3
5,124,915
(581)
(328,164)
(65,096)
461,667 4,731,074
514,923 138,734
71,225 109,877
586,148 248,611
Th
nexed notes 1
to 23 form an integral part of these condensed interim fina cial statements.
Chief Executive Director Chief Financial Officer