NooN
GROUP OF COMPANIES
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 https://www.noonsugar.net https://www.noonsugar.com
FS
SUGAR DIVISION
NSM/H0/CS
December24,202O
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building, Stock Exchange Road, Karachi.
DISTILLERY DIViSiON
FINANCIAL RESULTS FOR THE YEAR ENDED ON SEPTEMBER 30, 2025
Dear Sir,
We have to inform you that the Boafd ofDirectors of our Company, in their meeting held on December 24, 2025, at 11:00 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:
Rs. 4.00 per share (40%),
Nil Nil. Nil. Nil.
The financial result5 Of the Company are attached.
The Annual General Meeting (AGM) of the Company will be held on Tuesday, January 27, 2026, at
11:30 a.m. in Lahore.
The Share Transfer Books of the Company will remain closed from January 21, 2026, to January 27, 2026 (both days inclusive) for holding the Annual General Meeting and to determine the entitlement to the dividend. The share(s) transfer requests received up to close of business on January 20, 2026, shall entitle the transferees to receive the aforesaid dividend.
We will be sending you the required number of copies of the printed accounts.
Yours sincefely,
NASIR IQBAL ANSARI
Company Secretary
Encl: As above.
SUGAR MILLS & DISTILLERY
Bhalwal, Distt. Sargodha, Pakistan
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KARACHI OFFICE
Plot No. 4, 1st Floor, P.I.I.A Building
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Noon Sugar Mills Limited
Statement of Financial Position as at September 30, 2025
2025 2024
Equity and Liabilities
ordinary shares of Rs. 10 each | 500,000 | 500,000 | |||
Issued, subscribed and paid-up capital | S | 165,175 | 165,175 | ||
Reserves | 6 | 249,217 | 249,217 | ||
Unappropriated profit | 1,640,879 | 986,589 | |||
Non-current Liabilities | 2,055,271 | 1,400,981 | |||
Long term finances | 7 | ||||
Staff retirement benefits - gratuity | 8 | ||||
Current Liabilities | |||||
Trade and other payables | 9 | ||||
Contract liabilities | 10 | ||||
Accrued mark-up | 11 | ||||
Short term finances | 12 | ||||
Current portion of long term finances | 7 | ||||
Unclaimed dividends | |||||
Unpaid dividends | |||||
Provision for tax levies | 13 | ||||
Contingencies and Commitments | 14 | 6,425,320 | 7,674,991 | ||
8,480,591 | 9,075,972 | ||||
Assets | |||||
Non-current Assets | |||||
Property, plant and equipment | 15 | 4,530,775 | 3,824,035 | ||
Intangible assets | 16 | 6,405 | 0 | ||
Loans and advances | 17 | 4,739 | 8,822 | ||
Security deposits | 14,567 | 14,546 | |||
Current Assets | 4,556,486 | 3,847,403 | |||
Stores, spares and loose tools | 18 | 156,469 | 185,302 | ||
Stock-in-trade | 19 | 2,189,206 | 3,161,743 | ||
Trade debts | 20 | 234,879 | 618,814 | ||
Loans and advances | 21 | 845,897 | 775,912 | ||
Short term prepayments | 8,329 | 3,601 | |||
Other receivables | 22 | 149,397 | 133,857 | ||
Prepaid tax levies | 49,565 | 32,549 | |||
Advance income tax | 231,315 | 245,566 | |||
Bank balances | 23 | 59,048 | 71,225 | ||
3,924,105 | 5, 228,569 | ||||
8,480,591 | 9,075,972 |
Share Capital and Reserves Authorised capital 50,000,000 (2024: 50,000,000)
Note --- Rupees in '000 ---
1,099,400 | 250, 000 | ||
97,555 | 87,168 | ||
1,196,955 | 337,168 | ||
1,657,073 | 1,562, 010 | ||
134,849 | 121,605 | ||
74,645 | 371,757 | ||
2,818,644 | 5,071,266 | ||
322,072 | 0 | ||
5,014 | 5,015 | ||
6,694 | 6,698 | ||
209,374 | 199,472 | ||
5,228,365 | 7,337,823 |
Financial
he annexed notes 1 to 43 form an integral part of these financial statements.
Chief Exe e Director Chie
Officer
Noon Sugar Mills Limited
Statement of Profit or Loss and Other Comprehensive Income For the Year Ended September 30, 2025
2025 | 2024 | |||
Note -•- Rupees in '000 --- | ||||
Sales - net | 24 | 11,744,437 | 11,326,384 | |
Cost of sales | 25 | (10,273,549) | (10,197,494) | |
Gross profit | 1,470,888 | 1,128,890 | ||
Distribution and marketing expenses | 26 | (162,523) | (219,572) | |
Administrative expenses | 27 | (418,383) | (381,860) | |
Other income | 28 | 539,116 | 92,413 | |
Other expenses | 29 | (64,498) | (493) | |
Profit from operations | 1,364,600 | 619,378 | ||
Finance cost | 30 | (541,588) | (1,099,288) | |
Profit / (loss) before minimum and final tax levies | 823,012 | (479,910) | ||
Minimum and final tax levies | 13 | (152,1 03) | (139,539) | |
Profit / (loss) after minimum and final tax levies | 670,909 | (619,449) | ||
Other comprehensive (loss) / income | ||||
Item that will not be reclassified subsequently to statement of profit or loss: | ||||
- (loss) / gain on remeasurement of staff retirement benefits obligation | 8.4 | (16,619) | 849 | |
Total comprehensive income I (loss) | 654,290 | -618,600 | ||
------- Rupees ---- | ||||
Earnings / (loss) per share - basic and diluted | 31 | 40.62 | -37.50 | |
The annexed notes 1 to 43 form an integral part of these financial statements.
Chief Executive Director Chi nancial Officer
Noon Sugar Mills Limited Statement of Cash Flows
For the Year Ended September 30, 2025
Cash flows from operating activities
Profit / (loss) for the year before minimum and final tax levies Adjustments for non-cash charges and other items:
Depreciation / amortization on property, plant & equipment, right-of-use assets and intangible asset
Gain on disposal of operating fixed assets UnGIaimed payable balances written-back Provision for expected credit loss for trade debtors Provision for staff retirement benefits - gratuity (Reversal) / provision for slow moving stores
and spares inventory Finance cost
Profit before working capital changes
Effect on cash flows due to working capital changes (Increase) / decrease in current assets:
2025 2024
Note --- Rupees in '000 ---
823,012 (479,910)
15.3 209,699 197,834
15.4 (315,773) (39,237)
(6,182) 0
20.2 1,572 (815)
8.3 24,265 21,536
18.1 (334) 351
533,867 1, 084,407
1,270,126 784,166
Stores, spares and loose tools Stock-in-trade
Trade debts
Loans and advances Short term prepayments Other receivables
Increase / (decrease) in current liabilities:
Trade and other payables and contract liabilities
29,167
972,537
382,363
(65,858)
(4,728)
(15,540)
114,489
(55,271)
(626,076)
(441,331)
7,009
466
30,990
(202,301g
Cash generated from / (used in) operations Minimum and final tax levies paid
Staff retirement benefits (gratuity) - paid
Net cash generated from / (used in) operating activities Cash flows from investing activities
1,412,430 (1,286,514)
2,682,556 (502,348)
(144,966) (180,634)
8.2 (30,497) (15,905)
2,507,093 (698,887)
Additions to property, plant and equipment
Sale proceeds / insurance claims of operating fixed assets 15.4
Intangible asset acquired
Long term security deposits - net Loans and advances - net
(918,972)
319,189
(7,288)
(21)
(44)
(1,985,463)
53,221
0
(225)
(7,476)
1,171,472 | 250,000 |
(2,263,036) | 3,199,424 |
0 | (643) |
(830,979) | (783,507) |
(5) | (65,096) |
Net cash used in investing activities (607,136) (1,939,943) Cash flows from financing activities
Long term finances - net
Short term finances - net Lease liabilities
Finance cost paid Dividends paid
Net cash (used in) / generated from financing activities | (1,922,548) | 2,600,178 |
Net decrease in cash and cash equivalents | (22,591) | (38,652) |
Cash and cash equivalents - at beginning of the year | 71,225 | 109,877 |
Cash and cash equivalents - at end of the year | 48,634 | 71,225 |
e annexed notes 1 to 43 form an integral part of these financial statements.
Chief Executive Director C financial Officer
Noon Sugar Mills Limited Statement of Changes in Equity
For the Year Ended Septamber 30, 2025
Reserves
Capital Revenue
Gfiare
capital Share premium
Un-
General appropriated
profit
Sub- total TOtal
Balance as at September 30, 2023 Transactions wifh owners • distributions
Cash dividend at the rate of Rs.4 per ordinary share for the year
ended September 30, 2023
Total comprehensive loss for the
year ended September 30, 2024 Loss for the year
Other comprehensive income
Balance as at September 30, 2024
Total comprehensive income for the year ended September 30, 2025
Profif for the year
Other comprehensive loss
Balance as at September 30, 2025
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165,175 | 119,217 | 130,000 | 1,671,259 | 1,920,476 | 2,085,651 | |
0 | 0 | (66,070) | (66,070) | (66,070) |
0 | 0 | 0 | -619,449 | •619,448 | -619,449 | |||
0 | 849 | 849 |
165,175 119,217 130,000 986,589 1,235,806 1,400,981
0 | 0 | 670,909 | 670,909 | 670,909 | ||
0 | 0 | (16,619) | f16,619/ | (16,619)t |
165,175 119,217 130,000 1,640,879 1,B90,096 2,05$,271
The annexed notes 1 to 43 form an integral part of these financial statements.
Chief Executive Director Chipinancial Officer