Financial Results for the Year Ended Sep 30th 2025

Sindh A6adgar's Sugar Mills Limited STARSg

Ref: CS/FR/SASM-2111/2025

The General Manager

Pakistan Stock Exchange Limited ' Stock Exchange Building

Stock Exchange Road Karachi

Dear Sir.

December 29, 2025

SUBJECT:

We wish to inform you that the Board of Directors of the Company in their Meeting held on Saturday, December 27, 2025 at 11 :30 arh at the Registered Office at Suit to. 209, 2nd Floor, Progressive Plaza, Beaumont Road, Karachi, approved the Annual Financial Results of the Company for the Year Ended September 30, 2025 and recommended the following:

1. A final Cash Dividend for the Year Ended September 30. 2025 @ Rs. 2/- per Ordinary

   Share i.e 20o/o.

2. Bonus Shares

3. Right Shares

4. Any Other Entitlement / Corporate Action

5. Any Other Price-SensitiveInformation

   • NIL

   • NIL

     -NlL

   • NIL

1. The audited financial results as approved by the Board of Directors of the Company

   along with statement of Fin'Bncidl Position, statement of Cash Flows are appended as Annexure A.

   of Changes in Equity and statement

2. We will be transmitting the Annual Report for the year ended September 30, 2025 in

   electronic form through Pakistan Unified Corporate Reporting

   System (PUCARS) 21 days

   before the date of Annual General Meeting 4:00 p.m. on Friday, January 23, 2026 at Limited. Karachi.

   of the Company.

   Auditorium Hall.

   The ARM will be held it Pakistan Stock Exchange

   Continued Page-2

   
   
   

   209, 2nd Floor, Progressive Plaza, Beaumont Road, Karachi, Pakistan. Tel: 3563821 2-16, Fax: (92-21) 3563821 9, E-mail: sasm@unitedgroup.org.pk

   Bill: Deh Deenpur, Dist. Tando Mohammad Khan, Sindh, Pakistan-Phones: 022-3409021, 022-3409022, E-mail: sasmtmk@unitedgroup.org.pk

   
   
   
   
   
   

   Sindh Abadgar's Sugar Mills Limited STARS

   (Page 2)

3. The Shdre Transfer Books of the Company will remain closed from Friday, January 16, 2026 to Friday, January 23, 2026 (both days inclusive). Transfers received at Company's Registered Office or Shares Registrar's Office JX/AFFS REGISTRAR SERVICES (PVT) LTD. OFFICE # 20, Sth Floor, Arkay Square Extension, New Chali, Shahrah-e-Liaquat, Karachi at the close of business on January 15, 2026. will be treated in time for the purpose of above entitlement to the transferees.

Thanking you.

Yours faithfully.

h Abadgar's Sugar Limited

m HA AN - ACA

(Company Secretary)

209, 2nd Floor, Progressive Plaza, Beaumont Road, Karachi, Pakistan. Tel: 3563821 2-16, Fax: (92-21) 3563821 9, E-mail: sasm@unttedgroup.org.pk Mill: Deh Deenpur, Dist. Tanda Mohammad Khan, Sindh, Pakistan Phones: 022-3409021, 022-$409022, E-mail- sasmtmk@unitedgroup.org.pk

Sindh Abadgar's Sugar Mills Limited

Statement of Financial Position

As at September 30, 2025

EQUITY AND LIABILITIES

Share capital and reserves Authorised capital

Issued, subscribed and paid-up capital

Capital reserves

2025 2024

(Restated)

Rupees

650,000,000 650,000,000

104,250,000 104,250,000

Annexure - A

2023

(Restated)

650,000,000

104,250,000

Surplus on revaluation of property, plant and equipment - net

Revenue reserves

I?nappropriated profit / (loss)

Long term loans

Non-current liabilities Long term finance - secured Deferred liabilities

2,398,335,247 2,517,630,782 I ,536, I 46,386

194,008,674 (65,259, 166 183,6 16,797

2,696,593,921 2.556,621.616 I ,824,013, 183

480,000,000 480,000,000 480,000,000 3,176,593,921 3,036,62 I ,616 2,304,0 13, 183

Current liabilities

Trade and other payables

Short term borrowings - Secured Unclaimed dividend

Accrued mark-up Taxation - net

Curren,t maturity of long ten finance

, 1,344,201,650 I ,390.555,361

2,135.628,127 2,368.184,749

1,221,267,390

62,500,001

1,158,767,389

864,722,086

Contingencies and commitments

6,656,423,698 6,795.361.726 4,390,002,659

ASSETS

Non current qssets

Property, plant and equipment Long term loans

Long term deposits Long term advances

Current assets

Stores and spares - net Stock in trade

4rade debis - unsecured

Short term loans, advances and deposit - unsecured Other receivables

Taxation - net

Cash arid bank balances

4,381,501,345 4,547,857,450 3,0I 7,879,575

2,274,922,353 2,247,504,276 I ,372,123,084

6,656,423,698 6,795,361,726 4,390.002,659

Ch Financial Officer

Chairman

The annexed notes from 1 to 40 form an integral part of these finanClal St8tflITtgFttS

Chief Executive Officer

Sindh Abadgar's Sugar Mills Limited

Statement of Profit or Loss

Annexure - A

2025

Rupees

2024

(Restated)

Profit / (loss) before levies and taxation Let ies

Profit / (loss) before taxation Taxation

Profit / (loss) after taxation

Ea rninp / (loss) per share - basic anJ tliluted

the annexed notes drew l t‹› 40 form an integral part of these financial statements.

Chairman

cs: financial Officer

Chief Executive Officer

Sindh Abadgar's Sugar Mills Limited

Statement of Changes in Equity

ror the year ended .September 3ft, 21)25

Issued, subscribed gnd pai0 up capital

C8piHl reserve Revtnut reserve

Surplus on

revalea‹ion o£ Uoappropriated Sebord{##ted

property. plaat (losses) / profits loans

Rupees

Aanexure - A

Total

Balance gs at September 30, 2023

(os previously reported)

EfTect oFrestatemenI oF corresponding figures (reFer note 39)

Belance cs at September 8tl, 2023 was rrstzttaj

104,250.000 1.67 1,374,503

( 135,228, I I '7)

1 04,250,000 1,536,146,386

285, 152,7 19

(101,5)5,922)

t83,6I6,797

480,00f1,000 2.540,777,222

(236,764,0g9)

480,000,000 2,304,013, 183

i'run.faction will owners

Final dividend 20% For tfie year

ended September 30, 2023 (20,850,000

- (20,850,000

Tolel comprehensive income for the year ended September 30, 2024

• Loss after taxation I restated)

• Other comprehensivc income (resatcd)

Incremental deprecialion transFerted From surplus on revaluation of Property, planl

and equipment - net oF deferred tax (restated)

Bglanee as at September 30, 2024 (restated)

Total comprehensive income lot the year ended September 30, 2025

Incremental depreciation transFeTd from surplus on revaluation oF property, planl and equipment - nel of deferred tax

104,250,000 I ,536,146,386

- I ,049,866,529

I ,049,866,529

(68,382, I33 I

T04,250,000 2,5t 7,630,782

162,766,797

f296,408,09fi)

-

-

(29G,408,096j

68,382, 133

(b5,259,166)

I 19,29fi,535

480,000,000 2,283,163, 183

t296,408,096j

1,049,866,529

- 753,458,433

480,000000 3,0J662I,6I6

-

139,972 05

- }39,972 5

I04,2r0,400 t,49843s,247 480,000,000 JI76,59J921

The annexed notes from I to 40 form an integral part of these financial statements.

ChieF z:xecutive Officer

Sindh Abadgar's Sugar Mills Limited

Statement of Cash Flows

For Ifie far ended September 30, 2026

CASH FLOWS FROM OPERATING ACTIVITIES

2025

Rupees

Annexure - A

2024

(Restated)

Profit / (loss) tiefore levies and taxation

Adjustmentsfor:

• Provision for compensated absences

• Provision for market committee

• Depreciation on operating fix‹›d asuts

• Profit on deposit accounts

  • Gain on disposal ofoperating fixed assets •

• Provision for slow moving stores and spares

• Pmvision for advance to suppliers

  - Finance costs

  224,792,187 f420,765,272)

  		4,396,780
  4,052,050		5,216,570
  247J84,774		158,191,151
  (! ,89l,S68)		t26,6fi6,856j
  		(1,771,788)
  25,500,121
  260,205,586		166,315 572,756,427

  Opcmtiag profit before working caqita4 changes	746,639,150		291,583,327
  Changes in working capital
  Decrease/(increase)in current assels - Stores and spares	{58,554,447)		(37,571,648)
  - Stock in trade	513,576,908		(910,677,832)
  	(175,484,788) (48,790,232) 20,353,590		(68,098,405) 133,921,610 (20,005,973)

  • Trade debts - unsecun:d

  • Short term loans, advances aad deposit

  • Other receivables •

  521,846@63 712,348,599 '

  Increase in curren/ liabililies

  251,101,031

  (902,432,248)

• Trade and other payables

Net cssh genemted from operations Taxes paid

Workers' Profit Participation Fund paid Workers' Welfare Fund paid

Payments made for compensated absences Finance costs paid

Net cesh generated from / (used in) operating actk'itiee

CASH FLOWS FROM INVESTING ACTIVITIES

Capital exg ndiNre inc«rr•d

Proceeds from sale ofoperating fixed assets Profit on bank deposits received

long IN loans - net

Long temi deposits - net

Long tern advances • net

705,t28,102 200,323,291

t,202,86B,283 (410,525.630)

{525,214,847) (770,168,527)

677,653,436 (1,180,694,157)

Net ceeh used ia inventing gctivitiee

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment oflong term finance

Short term borrowings - net Dividend paid

(65,733,t01)

(65,626,065)

Net cash u••a in financing ectiyities

Net increase / (decnase) in cash and cash equivalents Cash and cash equivalents at the beginning ofthe year Cash and cssb eq«ivaIcsts at the end of the year

Chairman

The annexed notes from 1 to 40 form an inegral ptlrt pt these financial statemTnb.

Chief Executive OGeer

(135,550,205) 672,806,336

476,370,130 (573,513,886)

{427,T7l,104) 145,742,782

48,599,026 (427,771,104)