SSML/Acct./0092/2025
.1ul y 2'9, 2025
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su ii.ir:c+: rI NAN CIAL RESULTS FOR QUARTER AND NINE MONTH ENDED JUNE 3t1, 2025
\'e \*ish to in foi'iii you that the Boal'd of Directors of the Coliipany in their meeting held on Tuesday
.1tit 29, 2023, t Col'):ol'ate Office Suite # 222, 2"' Floor, the Fol'um, G-20, Block -9, Clifton, Kai achi,
approverl the Quai'tet'iy llnaiicial resiilt of the Company lot the period ended iecoiiiirendecl the follow ing.
NIL
Jiine 30, 2025, and
BONUS SHARES
It I GHT SHAH ES
AND' OTHER ENTITLENIENT/CORPORATE ACTION (i ) ANY OTHER PRICE-SENSITIVE INFORMATION
NIL
NfL
NIL
NIL
The rim-a till itecl conrlensecl interim finalicial i esiilts as a|sproved by the Board of D irectors along with s tatciiien I of ai ra[i( rm loss, Statement of Finnlicial Position, Statement of Changes in Equity awal
q uartci ly tin-atitl ited cr›iiclensecl intei'i nâ fi naiicial statements of the CoiiiJaany for the quartel and
N ine-month enclccl .1line 30, 2025, will be ti'ansiii itted th1'oiigh
speci treat tini e.
Com p.iiiy Seci'eta i'y
tll : as RhOVt
PUCARS separately, with in the
Registered Office: 41•K, Block-6, P.E.C.H.S., Karachi•75400, Pakistan. E•mail: admin@sakrandsugarcom Corporate Off/ce: Suite # 222, 7/te Forum, G-20, Block-9, Clifton, Karachi. Phone mo:+92-21-35303291-2
Mill: Deh Tharo Unar Posf Office, (Oazi Ahmed) Taluka Sakrand, District Shaheed Benazirabad. Phone fto: 0333-9366997-98
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS ACCOUNT FOR THE NINE MONTHS AND QUARTER ENDED JUNE 30, 2025 (UN-AUDITED)
Nine months ended | Quarter ended | |||||||||||||||
(Restated) | (Restated) | |||||||||||||||
June 30, | June 30, | June 30, | June 30, | |||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
……………….…………Rupees in '000'…………………………… | ||||||||||||||||
Sales - net | 3,759,703 | 2,985,489 | 208,806 | 393,124 | ||||||||||||
Cost of sales | (3,549,716) | (2,982,244) | (243,620) | (432,191) | ||||||||||||
Gross profit / (loss) | 209,987 | 3,245 | (34,814) | (39,067) | ||||||||||||
Operating expenses | ||||||||||||||||
Administrative expenses | (125,556) | (126,780) | (33,126) | (34,695) | ||||||||||||
Selling and distribution cost | (3,286) | (7,059) | (189) | (141) | ||||||||||||
(128,843) | (133,839) | (33,315) | (34,836) | |||||||||||||
Operating profit / (loss) | 81,144 | (130,594) | (68,129) | (73,903) | ||||||||||||
Finance cost | (21,587) | (40,352) | (7,808) | (13,177) | ||||||||||||
Other Charges | (20,505) | - | - | - | ||||||||||||
Other income | 84,212 | 106,665 | 37,381 | 72,520 | ||||||||||||
42,120 | 66,313 | 29,573 | 59,343 | |||||||||||||
Profit / (Loss) before taxation & levy | 123,264 | (64,281) | (38,557) | (14,560) | ||||||||||||
Levy | (45,353) | (37,333) | (2,632) | (4,929) | ||||||||||||
Profit / (Loss) before taxation | 77,911 | (101,614) | (41,189) | (19,489) | ||||||||||||
Taxation - net | - | - | - | - | ||||||||||||
Profit / (Loss) after taxation | 77,911 | (101,614) | (41,189) | (19,489) | ||||||||||||
Earning / (Loss) per share -Basic and diluted | 1.75 | (2.28) | (0.92) | (0.44) | ||||||||||||
Chief Executive Officer | Chief Financial Officer | Director | ||||||||||||||
(Un-Audited) (Audited)
June 30, September 30, 2025 2024 ……….Rupees in '000'……….ASSETS Non-Current Assets | ||
Property, plant and equipment | 3,887,138 | 3,889,804 |
Intangible asset | 763 | 1,014 |
Long-term loans | 613 | 849 |
Long-term deposits | 2,860 | 2,860 |
3,891,374 | 3,894,527 | |
Current Assets | ||
Stores, spares and loose tools | 113,726 | 98,558 |
Stock-in-trade | 123,109 | 37,814 |
Trade debts | 3,238 | 4,762 |
Loans and advances | 21,845 | 67,961 |
Deposit, prepayments and other receivables | 6,855 | 63,239 |
Short term investment | 6,198 | 6,198 |
Cash and bank balances | 15,828 | 49,450 |
290,798 | 327,982 | |
Total Assets | 4,182,172 | 4,222,509 |
EQUITY AND LIABILITIES | ||
Share Capital and Reserves | ||
Authorized share capital 60,000,000 ordinary shares of Rs. 10 each | 600,000 | 600,000 |
Share capital | ||
Issued, subscribed and paid-up capital | 446,160 | 446,160 |
Revenue reserves | ||
Accumulated loss | (1,778,739) | (1,883,598) |
Capital reserves | ||
Surplus on revaluation of property, plant and | ||
equipment-net of deferred tax | 2,068,334 | 2,095,281 |
Directors'/Sponsors' subordinated loan | 92,767 | 92,767 |
828,521 | 750,610 | |
Non-Current Liabilities | ||
Long term financing - secured | 590,473 | 640,873 |
Deferred liabilities | 71,894 | 70,282 |
662,367 | 711,155 | |
Current Liabilities | ||
Trade and other payables | 1,876,100 | 1,968,774 |
Unclaimed dividend | 6,206 | 6,206 |
Accrued mark-up | 507,460 | 499,644 |
Current maturity of long-term financing | 244,218 | 244,818 |
Taxation - net | 57,300 | 41,303 |
2,691,283 | 2,760,744 | |
Total Equity and Liabilities | 4,182,172 | 4,222,509 |
Chief Executive Officer Chief Financial Officer Director CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME FOR THE NINE MONTHS AND QUARTER ENDED JUNE 30, 2025 (UN-AUDITED)
Nine months ended Quarter ended | |||||
June 30, | June 30, | June 30, | June 30, | ||
2025 | 2024 | 2025 | 2024 | ||
………………….Rupees in '000'…………………… | |||||
Profit / (Loss) after taxation | 77,911 | (101,614) | (41,189) | (19,489) | |
Other comprehensive income for the period - net of tax | - | - | - | - | |
Total comprehensive income / (loss) for the period | 77,911 (101,614) | (41,189) | (19,489) | ||
Chief Executive Officer Chief Financial Officer Director CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED JUNE 30, 2025 (UN-AUDITED)
A. CASH FLOWS FROM OPERATING ACTIVITIES
June 30, June 30,
2025 2024
……….Rupees in '000'……….
Profit / (Loss) before taxation 123,264 (64,281)
63,733 | 60,431 |
251 | 374 |
(83,840) | (106,391) |
15,778 | 35,193 |
1,611 | 794 |
112 | (159) |
Adjustments for non cash charges and other items :
Depreciation Amortisation
Reversal of provision for doubtful debt Finance cost
Provision for gratuity
Loss / (Gain) on sale of fixed assets
Cash generated from operation before working capital changes Working capital changes | (2,355) | (9,757) |
(Increase) / decrease in current assets | ||
Stores, spares and loose tools | (15,168) | (22,987) |
Stock-in-trade | (85,295) | (330,926) |
Trade debts | 85,364 | 105,769 |
Loans and advances | 46,116 | (16,630) |
Prepayments and other receivables | 56,383 | 6,666 |
Increase / (decrease) in current liabilities | 87,400 | (258,108) |
Trade and other payables | (92,669) | 400,529 |
Cash generated from operations | 115,640 | 68,383 |
Taxes paid | (29,356) | (4,672) |
Finance cost paid | (7,962) | - |
Net cash generated from operating activities | 78,322 | 63,711 |
B. CASH FLOWS FROM INVESTING ACTIVITIES | ||
Purchase of property, plant and equipments | (61,300) | (41,788) |
Sales Proceed from disposal of property, plant and equipments | 119 | 515 |
Proceed from short term investments | - | 3,802 |
Net cash used in investing activities | (61,181) | (37,471) |
C. CASH FLOWS FROM FINANCING ACTIVITIES | ||
Long term financing - repaid | (51,000) | (17,600) |
Long term loans to employees | 236 | (741) |
Net cash used in financing activities | (50,764) | (18,341) |
Net (decrease)/ increase in cash and cash equivalents | (33,622) | 7,899 |
Cash and cash equivalents at the beginning of the period | 55,647 | 5,611 |
Cash and cash equivalents at the end of the period | 22,025 | 13,510 |
Chief Executive Officer Chief Financial Officer Director
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE NINE MONTHS ENDED JUNE 30, 2025
(UN-AUDITED)
Issued, subscribed & paid-up capital | Un-appropriated profit / Accumulated loss | Surplus on revaluation of property, plant and equipment | Directors' / sponsors' subordinated loan | Total |
…………………………..….Rupees in '000'…………………………..….
Balance as at October 01, 2023 | 446,160 | (1,672,931) | 2,131,205 | 92,767 | 997,200 |
Profit / (Loss) after taxation | - | (101,614) | - | - | (101,614) |
Other comprehensive income for the period | - | - | - | - | - |
Total comprehensive income / (loss) for the period | - | (101,614) | - | - | (101,614) |
Transferred from revaluation surplus on property, plant and equipment on account of incremental depreciation- net of tax | - | 27,046 | (27,046) | - | - |
Balance as at June 30, 2024 | 446,160 | (1,747,499) | 2,104,159 | 92,767 | 895,586 |
Balance as at October 01, 2024 | 446,160 | (1,883,598) | 2,095,281 | 92,767 | 750,610 |
Profit / (Loss) after taxation | - | 77,911 | - | - | 77,911 |
Other comprehensive income for the period | - | - | - | - | - |
Total comprehensive income / (loss) for the period | - | 77,911 | - | - | 77,911 |
Transferred from revaluation surplus on property, plant and equipment on account of incremental depreciation- net of tax | - | 26,947 | (26,947) | - | - |
Balance as at June 30, 2025 | 446,160 | (1,778,739) | 2,068,334 | 92,767 | 828,521 |
Chief Executive Officer Chief Financial Officer Director