TEL : (051) 2650805-7 FAX : (051) 2651285-6
THE PREMIER FSUGAR MILLS & DISTILLERY CO. LTD,
King's Arcade, 20-A, Markaz F-7, P.O. Box 1â79, Islamabad
Ref: PSM/PSXY 6 V*
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building Stock Exchange Road Karachi.January 29, 2026
FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED ON DECEMBER 31, 2025
Dear Sir,
We would like to inform you that the Board of Directors of the Company in the Meeting held on Thursday January 29, 2026 at 11:30 am, has approved the following financial results for the first quarter ended on December 31, 2025:
Dec 31 Dec 31
2025 2024
(Rupees in thousand)
Sales - net | 1,429,386 | 76,347 |
Cost of Sales | (1,362,608) | (201,596) |
Gross Profit / (Loss) | 66,778 | (125,249) |
Distribution Cost | (69,295) | (1,358) |
Administrative Expenses | (30,987) | (33,896) |
Other Expenses | (137) | |
(100,419) | (35,254) | |
(33,641) | (160,503) | |
Other Income | 11,962 | 17,926 |
(Loss) from Operations | (21,679) | (142,577) |
Finance Cost | (72,923) | (26,944) |
Loss before revenue tax and income tax | (94,602) | (169,521) |
Final taxes - levy | (18,017) | (955) |
Loss before income tax | (112,619) | (170,476) |
Income tax | 11,587 | 47,533 |
Loss after taxation | (101,032) | (122,943) |
(Loss) per share
......... Rupees .........
(26.94) (32.78)
The uarte Reports of our Company will be submitted electronically through PUCARS as per PSX Noti No. X/N-5036 dated September 03, 2018.
You t
(M h d B shir) ompany Secretary
.- ueiory : Phones: (0937) 862051, 862052, 863443, Fas: (0437) 862989 Telex 524B4 PSMMN PK MARDAN
TEL : (051) 2650805-7 FAX : (051) 2651285-6
'PHS PREMIER SUGAR MILLS & DISTILLERY CO. LTD.
King's Arcade, 20-A, Markaz F-7, P.O. Box 1529, Islamabad
Ref: PSM/PSX/ â /I **
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
January 29, 2026
CONSOLIDATED FINANCIAL RESULTS FOR THE FiRsz ouARTER ENDED ON DECEMBER 31, 2025
Dear Sir,
We wish to inform you that the Board of Directors of the Company in the meeting held on Thursday January 29, 2026 at 11:30 a.m, has approved the following financial results of the Company for the first quarter ended on December 31, 2025:
Sales - Net Cost of Sales
Gross (loss)/ profit
Distribution Cost Administrative Expenses Other Expenses
Other Income
ProfiV (loss) from Operations Finance Cost
Share of (Loss) from Associated Companies Profit/ (loss) before Taxation
Taxation Group
Final tax levy
Current
Deferred
Dec 31 Dec 31
2025 2024
------- Rupees in thousand -------12,735,373 7,039,232
(10,704,509) (7,106,862) 2,030,864 (67,630)
(539,365)
(301,795)
(461,554)
(432,636)
(146)
(6)
(1,001,065) (734,437) 1,029,799 (802,067)
8,520 482,256 1,038,319 (319,811)
(528,757) (1,213,405) 509,562 (1,533,216)
- (2,967) 509,562 (1,536,183)
(139,229)
11,587
(24,758)
(300,962)
566,404
(428,604) 541,646
Associated Companies ProfiV (loss) after Taxation
Combined (loss) per share- basic and diluted
- (24)
80,958 (994,537)
----------------- Rupees ----------
(.406) (136.73)
The Quarterly eports of our Company will be submitted electronically through PUCARS as per PSX Notice No. PSX/ -5036 d ted September 03, 2018.
Your r y
(Muja " shir)
Company Secretary
f'zctoi r : Phones: (0937) 862051, 862052, 863443, Fax: (0437) 862989 Telex 524B4 PSMMN PK MARDAN
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2025
Un-audited
Audited
Note
December 31,
September 30
2025
2025
NON CURRENT ASSETS
(Rupees in thousand)
Property, plant and equipment
5
3,304,146
3,379,176
Investment property
6
19,318
19,379
Long term investments
7
170,006
170,006
Security Deposits
2,059
2,059
CURRENT ASSETS
3,495,529
3,570,620
Stores and spares
8
179,449
182,132
Stock-in-trade
9
231,974
890,709
Trade debts
267,060
110,061
Advances
10
20,121
18,915
Trade deposits and short term prepayments
11
17,549
5,012
Other receivables
12,299
12,331
Sales tax refundable
418,302
373,459
Income tax refundable, advance income tax
and tax deducted at source
60,632
42,459
Bank balances
12
134,777
83,920
1,342,164
1,718,998
TOTAL ASSETS
4,837,692
5,289,618
,
57,500 57,500SHARE CAPITAL AND RESERVES
Authorized capital (5,750,000 ordinary shares of Rs. 10 each)
Issued, subscribed and paid-up capital
Capital reserves
-share redemption
-revaluation surplus on property, plant and equipment
General revenue reserve
Accumulated loss
Shareholders' equity
13 37,500 37,500
1
1,351,566
900,000
(1,104,690)
1,184,377
1
1,379,094
900,000
(1,031,186)
1,285,409
NON-CURRENT LIABILITIES
Lease liabilities
Staff retirement benefits- gratuity
Long term finances
Deferred taxation
6,819
30,952
1,028,015
74,816
1,140,603
7,602
29,663
1,091,012
86,403
1,214,680
14
15
CURRENT LIABILITIES
Trade and other payables
Contract liabilities
Unclaimed dividend
Accrued mark-up
Short term running borrowings
Current maturity of non-current liabilities
Taxation
1,425,054
132,355
7,466
70,383
578,650
255,312
43,493
2,512,713
1,043,143
388,746
7,466
55,529
1,013,731
255,438
25,476
2,789,529
16
17
18
19
TOTAL LIABILITIES
Contingencies and commitments
TOTAL EQUITY AND LIABILITIES
20
The annexed notes form an integral part of these financial statements.
3,653,315 4,004,209 4,837,692 5,289,618
Chief Executive Director Chief Financial OfficerTHE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED
CONDENSED INTERIM STATEMENT OF
PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025
Sales - net
Cost of sales
Gross profit / (loss)
Distribution cost
Administrative expenses
Other expenses
Dec 31,
Dec 31,
2025
2024
Note
Rupees in thousand
21
1,429,386
76,347
22
(1,362,608)
(201,596)
66,778
(125,249)
23
(69,295)
(1,358)
24
(30,987)
(33,896)
25
(137)
0
(100,419)
(35,254)
(33,641)
(160,503)
Other income
26
11,962
17,926
Loss from operations
Finance cost
Loss before revenue tax and income tax
Final taxes - levy
Loss before income tax
Income tax
Loss after taxation
Other comprehensive income
Total comprehensive loss
Rupees(21,679)
(142,577)
27
(72,923)
(26,944)
(94,602)
(169,521)
(18,017)
(955)
(112,619)
(170,476)
11,587
47,533
(101,032)
(122,943)
0
0
(101,032)
(122,943)
Loss per share (26.94) (32.78)
The annexed notes form an integral part of these financial statements.
Chief Executive Director Chief Financial Officer
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED |
CONDENSED INTERIM CASH FLOW STATEMENT (UNAUDITED) |
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025 |
Dec 31, | Dec 31, |
2025 | 2024 |
Rupees in thousand | |
CASH FLOW FROM OPERATING ACTIVITIES |
Loss for the period - before taxation |
Adjustments for: |
Depreciation on property, plant and equipment |
Depreciation on investment property |
Mark-up on loan to Subsidiary company and profit |
/ mark-up on bank deposits |
Staff retirement benefits-gratuity (Net) |
Finance cost |
Loss before working capital changes |
EFFECT ON CASH FLOWS DUE TO WORKING CAPITAL CHANGES |
Decrease / (Increase) in current assets: |
Stores and spares |
Stock-in-trade |
Trade debts |
Loans and advances |
Trade Deposits and short term prepayments |
Other receivables |
Advance sales tax - net |
Decrease in trade and other payables |
80,011 |
61 |
56,623 |
67 |
(1,030) | (511) |
1,289 | 2,261 |
39,527 | 29,528 |
25,257 | (81,553) |
Cash used in operations |
Security paid |
Income Tax paid |
Net cash used in operating activities |
2,683 (69,621) |
658,735 (1,282,591) |
(156,999) (107,219) |
(1,206) 125,358 |
(12,537) (3,982) |
33 23 |
(44,843) 0 |
125,519 136,841 |
571,385 (1,201,191) |
596,642 (1,282,744) |
0 0 |
(18,174) (9,443) |
578,468 (1,292,187) |
CASH FLOW FROM INVESTING ACTIVITIES |
Additions to property, plant and equipment |
Mark-up / profit received on loan to Subsidiary company |
and bank deposits |
Net cash used in investing activities |
(4,981) 1,030 |
(3,951) |
(5,830) 511 |
(5,319) |
CASH FLOW FROM FINANCING ACTIVITIES |
Short term borrowings-net |
Long term finances obtained |
Finance cost paid |
Lease finances - net |
Net cash generated from financing activities |
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 |
(435,081) 1,249,431 |
(62,997) 0 |
(24,673) (12,637) |
(909) (246) |
(523,660) 1,236,548 |
50,857 (60,958) |
83,920 120,095 |
134,777 59,137 |
The annexed notes form an integral part of these financial statements.
Chief Executive Director Chief Financial Officer
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED |
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UNAUDITED) |
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025 |
Share capital | Reserves | TOTAL | |||
Capital | Revenue | ||||
Share redemption | Revaluation surplus on property, plant and | General | Accumulated Loss | ||
Balance as at September 30, 2024 - audited | 37,500 | 1 | 1,500,552 | 900,000 | (570,084) | 1,867,969 |
Total comprehensive loss for | ||||||
the quarter ended December 31, 2024 | 0 | 0 | 0 | 0 | (122,943) | (122,943) |
Transfer from surplus on revaluation | ||||||
of property, plant and equipment | ||||||
on account of incremental | ||||||
depreciation for the period | ||||||
-net of deferred taxation | 0 | 0 | (33,655) | 0 | 33,655 | 0 |
Total comprehensive loss for |
the quarter ended December 31, 2025 |
0 | 0 | 0 | 0 | (101,032) | (101,032) |
Balance as at December 31, 2024 -unaudited | 37,500 | 1 | 1,466,897 | 900,000 | (659,372) | 1,745,026 |
Balance as at September 30, 2025 - audited | 37,500 | 1 | 1,379,094 | 900,000 | (1,031,186) | 1,285,409 |
Transfer from surplus on revaluation |
of property, plant and equipment |
on account of incremental |
depreciation for current period |
-net of deferred taxation |
0 | 0 | (27,528) | 0 | 27,528 | 0 |
37,500 | 1 | 1,351,566 | 900,000 ( | 1,104,690) 1, | 184,377 |
Balance as at December 31, 2025 |
unaudited |
The annexed notes form an integral part of these financial statements.
Chief Executive Director Chief Financial Officer
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED | |||
CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |||
AS AT DECEMBER 31, 2025 | |||
Unaudited | Audited | ||
Note | December 31, | September 30, | |
Assets | 2025 | 2025 | |
Non-current Assets | Rupees in thousand | ||
Property, plant and equipment | 6 | 24,265,756 | 24,199,540 |
Right-of-use assets | 260,199 | 255,694 | |
Investment property | 19,318 | 19,379 | |
Long term investments | 202,580 | 208,936 | |
Security deposits | 17,493 | 17,494 | |
Current Assets | 24,765,346 | 24,701,043 | |
Stores and spares | 7 | 1,008,119 | 1,488,045 |
Stock-in-trade | 8 | 6,497,825 | 7,994,396 |
Trade debts | 1,145,289 | 1,394,948 | |
Loans and advances | 3,490,963 | 1,150,582 | |
Trade deposits, short term prepayments and other receivables | 9 | 1,033,107 | 84,414 |
Tax refunds due from the Goverenment | 1,116,809 | 1,000,635 | |
Short term investments | 83 | 84 | |
Bank balances | 10 | 1,296,901 | 898,916 |
15,589,096 14,012,020
TOTAL ASSETS |
Equity and Liabilities |
Share Capital and Reserves |
Authorised capital |
5,750,000 (2020: 5,750,000) ordinary shares of Rs.10 each |
Issued, subscribed and paid-up capital |
Capital reserves |
- share redemption |
- revaluation surplus on property, plant and equipment |
General revenue-reserve |
40,354,442 38,713,063
57,500 57,500
37,500 37,500
1 |
4,175,127 |
1,010,537 |
1 |
4,377,456 |
1,010,537 |
Unappropriated (Loss) / profit |
Equity Attributable to Equity Holders of the Holding Company |
Non-Controlling Interest |
(230,938) |
4,992,227 |
7,399,789 |
12,392,016 |
(1,050,659) |
4,374,835 |
7,405,268 |
11,780,103 |
Non-current Liabilities |
Long term finances |
Loans from related parties |
Lease liabilities |
Government grant |
Deferred liabilities |
4,416,933 |
165,853 |
134,426 |
23,329 |
1,479,120 |
4,680,992 |
144,603 |
149,455 |
27,797 |
1,183,802 |
11
12
6,219,661 | 6,186,649 | |||||||
13 | 4,032,945 | 4,671,312 | ||||||
132,355 | 388,746 | |||||||
22,638 | 22,638 | |||||||
72,606 | 608,356 | |||||||
15,632,432 | 13,323,304 | |||||||
1,387,760 | 1,389,845 | |||||||
572 | 572 | |||||||
461,457 | 341,538 | |||||||
21,742,765 | 20,746,311 | |||||||
Total liabilities | 27,962,426 | 26,932,960 | ||||||
Contingencies and Commitments | ||||||||
TOTAL EQUITY AND LIABILITIES | 40,354,442 | 38,713,063 | ||||||
Current Liabilities |
Trade and other payables |
Contract Liabilites |
Unclaimed dividends |
Accrued mark-up |
Short term borrowings |
Current portion of non-current liabilities |
Dividends payable to non-controlling interest |
Taxation |
The annexed notes form an integral part of this condensed interim consolidated financial statements.
CHIEF EXECUTIVE DIRECTOR CHIEF FINANCIAL OFFICER
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT (UNAUDITED) FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025 December 31, December 31, 2025 2024 ------Rupees in thousand------Sales - Net | 12,735,373 | 7,039,232 | ||
Cost of Sales | (10,704,509) | (7,106,862) | ||
Gross profit/ (loss) | 2,030,864 | (67,630) | ||
Distribution Cost | (539,365) | (301,795) | ||
Administrative Expenses | (461,554) | (432,636) | ||
Other Expenses | 17 | (146) | (6) |
Other Income 16 8,520 482,256
Profit / (loss) from Operations 1,038,319 (319,811)Finance Cost (528,757) (1,213,405)
509,562 (1,533,216)Share of loss from Associated Companies | - | (2,967) | ||
Profit/ (loss) before taxation | 509,562 | (1,536,183) | ||
Taxation | ||||
Group | ||||
- Final tax levey | (139,229) | - | ||
- Current | 11,587 | (24,758) | ||
- Deferred | (300,962) | 566,404 | ||
(428,604) | 541,646 | |||
Associated Companies | - | (24) | ||
(428,604) | 541,622 | |||
Profit/ (loss) after taxation | 80,958 | (994,561) | ||
Attributable to: | ||||
- Equity holders of the Parent Company | (15,218) | (512,743) | ||
- Non-controlling interest | 96,176 | (481,818) | ||
80,958 | (994,561) |
Chief Executive Director Chief Financial Officer
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED |
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME (UNAUDITED) |
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025 |
December 31, | December 31, |
2025 | 2023 |
------Rupees in thousand------ | |
Profit / (loss) after Taxation |
Other Comprehensive Income / (Loss) |
Fair value gain / (loss) on |
available-for-sale investments |
Share of other comprehensive (loss) / |
income from Associated Companies |
Adjustment for gain included in statement |
of profit or loss upon sale of Available for sale investments |
Total Comprehensive income / (loss) |
Attributable to: |
- Equity holders of the Parent Company |
- Non-controlling interest |
80,958 - | (994,561) - | |
- | 1,590 | |
- | - | |
80,958 | (992,971) | |
(15,218) | (511,153) | |
96,176 | (481,818) | |
80,958 | (992,971) |
The annexed notes form an integral part of this condensed interim consolidated financial statements.
Chief Executive Director Chief Financial Officer
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED | |||
CONDENSED INTERIM CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) | |||
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025 | |||
Quarter ended | |||
December 31, | December 31, | ||
2025 | 2024 | ||
Cash flow from operating activities | ------Rupees in thousand------ | ||
Profit/ (loss) for the period - before taxation | 509,562 | (1,536,183) | |
Adjustments for non-cash charges and other items: | |||
Depreciation on property, plant and equipment | 588,471 | 588,471 | |
Depreciation on investment property | 61 | 64 | |
Loss from Associated Companies - net | - | 2,967 | |
Interest / profit on bank deposits and saving accounts | (5,652) | (5,652) | |
Gain on disposal of operating fixed assets | (1,779) | (1,779) | |
Gain on re-measurement of short term investments to fair value | (425,844) | (425,844) | |
Finance cost | 528,757 | 1,213,405 | |
Profit before working capital changes | 1,193,576 | (164,551) | |
Effect on cash flow due to working capital changes | |||
(Increase) / decrease in current assets | |||
Stores and spares | 479,926 | (43,207) | |
Stock-in-trade | 1,496,571 | (2,528,421) | |
Trade debts | 249,659 | (2,024,692) | |
Loans and advances | (2,340,381) | (1,923,152) | |
Trade deposits, short term prepayments and other receivables | (948,693) | (22,381) | |
Sales tax refundable | (116,174) | (175,078) | |
Increase in current liabilities | |||
Trade and other payables | (638,367) | 2,528,223 | |
(1,817,459) | (4,188,708) | ||
Cash (used in) / generated from operations | (623,883) | (4,353,259) | |
Income tax paid | (83,382) | 556,339 | |
Security deposits | 1 | (249) | |
Net cash (used in) / generated from operating activities | (707,264) | (3,797,169) | |
Cash flow from investing activities | |||
Additions to property, plant and equipment | (604,421) | (750,348) | |
Sale proceeds of operating fixed assets | 1,921 | 6,155 | |
Interest / profit on bank deposits and saving accounts | 5,652 | ||
Proceeds from disposal of long term investment | 6,356 | (1,630) | |
Short term investments - net | 425,845 | 425,841 | |
Net cash used in investing activities | (170,299) | (314,330) | |
Cash flow from financing activities | |||
Long term finances - net | 26,791 | 958,629 | |
Loans from Associated Companies | 21,250 | (7,655) | |
Lease finances - net | (17,114) | 21,824 | |
Short term borrowings - net | 2,309,128 | 4,724,840 | |
Finance cost paid | (1,064,507) | (1,619,342) | |
Net cash generated from / (used in) financing activities | 1,275,548 | 4,078,296 | |
Net decrease in cash and cash equivalents | 397,985 | (33,203) | |
Cash and cash equivalents - at beginning of the period | 898,916 | 1,114,598 | |
Cash and cash equivalents - at end of the period | 1,296,901 | 1,081,395 | |
The annexed notes form an integral part of this condensed interim consolidated financial statements. | |||
Chief Executive Director Chief Financial Officer
THE PREMIER SUGAR MILLS & DISTILLERY COMPANY LIMITED |
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED) |
FOR THE FIRST QUARTER ENDED DECEMBER 31, 2025 |
------------- Attributable to equity holders of the Parent ------------- | Non-controlling interest | Total equity | |||||
Share capital | Reserves | Unappropriated profit | Total | ||||
Capital | Revenue | ||||||
Share redemption | Revaluation surplus on property, plant and equipment | General | |||||
------------------------------------------------- Rupees in thousand ------------------------------------------------- | |||||||
Balance as at September 30, 2024 - |
audited |
37,500 | 1 | 5,929,257 | 1,010,537 | 285,358 | 7,262,653 | 8,017,411 | 15,280,064 |
Total comprehensive income / (loss) for |
the period ended December 31, 2024 |
0 0 | 0 0 | 0 0 | 0 0 | -512,743 1,590 | -512,743 1,590 | -481,818 403,410 | -994,561 405,000 |
Loss/ profit after taxation
Non Controlling interest of CSM | 0 | 0 | 0 | 0 | 0 | 0 | 181,059 | 181,059 |
Other comprehensive income
Effect of items directly credited in equity by |
Associated Companies |
Transfer from revaluation surplus on |
property, plant and equipment on account |
of incremental depreciation for the period |
-net of deferred taxation |
-net of deferred taxation
Balance as at December 31, 2024 - |
unaudited |
Balance as at September 30, 2025 - |
audited |
Total comprehensive income / (loss) for |
the period ended December 31, 2024 |
Profit after taxation
Non Controlling interest of CSM | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other comprehensive income
Effect of items directly credited in equity by |
Associated Companies |
Transfer from revaluation surplus on |
property, plant and equipment |
(net of deferred taxation) |
Balance as at December 31, 2025
0 0 0 0 -511,153 -511,153 -78,408 -589,561
0 | 0 | 0 | 0 | 11 | 11 | 0 | 11 |
201,706 | 114,308 | 316,014 | -316,014 | 0 |
37,500 | 1 | 6,130,963 | 1,010,537 | -111,476 | 7,067,525 | 7,804,048 | 14,871,573 |
37,500 | 1 | 4,377,456 | 1,010,537 | (1,050,659) | 4,374,835 | 7,405,268 | 11,780,103 |
0 0 | 0 0 | 0 0 | 0 0 | -15,218 0 | -15,218 0 | 96,176 | 80,958 0 |
0 0 0 0 -15,218 -15,218 96,176 80,958
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
(202,329) | 834,939 | 632,610 (101,655) . | 530,955 | ||||
37,500 | 1 | 4,175,127 | 1,010,537 | (230,938) | 4,992,227 7,399,789 | 12,392,016 | |
37,500 | 1 | 4,175,127 | 1,010,539 | (230,938) | 7,399,789 | ||
- | - | - | (2) | - | - | ||
The annexed notes form an integral part of this condensed interim consolidated financial statements.
Chief Executive Director Chief Financial Officer