Presentation file of Corporate Briefing Session of TICL

The Thal Industries Corporation Įimited

Corporate Briefing Session 2025 February 23, 2026 At 10:30 AM

Contents

• Company Profile

• Financial Review

• Future Outlook

  Company Profile - Introduction

  
  
  

• Incorporated as a public limited company on Sep 07, 1953

• Commenced its business as a sugar manufacturer on Mar 26, 1954

• Listed on Pakistan Stock Exchange in 1955

• Has two production units:

  1. Unit 1 - Layyah Sugar Mills , Layyah

  2. Unit 2 - Safina Sugar Mills , Lalian District Chinniot

• Provided employment to 658 employees during the year 2024-25

CHAIRPERSON CHIEF EXECUTIVE MANAGING DIRECTOR

Company Profile - Board of Directors

Mrs. Qaiser Shamim Khan Mr. Muhammad Shamim Khan Mr. Nauman Ahmed Khan

DIRECTORS AUDIT COMMITTEE COMPANY SECRETARY

Mr. Muhammad Shamim Khan (D) Mrs. Qaiser Shamim Khan (D)

Mr. Adnan Ahmed Khan (D) Mr. Nauman Ahmed Khan (D) Mrs. Farrah Khan (D)

Mrs. Sarah Hajra Khan (D) Mr. Muhammad Khan (D) Mr. Farid ud Din Ahmed (ID)

Mr. Muhammad Ashraf Khan Durani (ID)

Mr. Anwar Ahmed Khan (ID)

ID: Independent Director

Mr. Muhammad Ashraf Khan Durani

(Chairman)

Mrs. Qaiser Shamim Khan

(Member)

Mr. Adnan Ahmed Khan

(Member)

Mr. Wasif Mahmood

CHIEF FINANCIAL OFFICER

Mr. Hafiz Muhammad Arif

Company Profile - Production Units & Products

Unit 1: Layyah Sugar Mills Products

Designated sugarcane crushing capacity of 18,000 TCD

Bagasse based power generation capacity of more than 45MW

Unit 2: Safina Sugar Mills

Designated sugarcane crushing capacity of 12,000 TCD

Bagasse based power generation capacity of more than 13MW

Unit 1

Unit 2

Ultra White Refined Sugar ICUMSA: <45

White Refined Sugar (Fine Grain) ICUMSA: <60

White Refined Sugar ICUMSA: <100

Molasses

BRIX: 90 Degrees

PURITY: 48%

Bio Fertilizer

ORGANIC CARBON: ~25%

Company Profile - Associated Businesses & Certifications

Company Profile - Our Vision & Values

"Leading through quality and innovation"

Financial Review - Operational Highlights

Mn MT

3.05

10.78%

2.58

2.70

2.37

2.50

9.99%

9.61%

9.65%

9.65%

0.228

0.305

0.278

0.261

0.241

3.5

3

2.5

2

1.5

1

0.5

11.00%

10.80%

10.60%

10.40%

10.20%

10.00%

9.80%

9.60%

9.40%

9.20%

0

2020-21 2021-22 2022-23 2023-24 2024-25

Cane Crushed

Sugar Produced Recovery

9.00%

PKR Bn

30.8

28.6

21.4

19.8

50

45

40

35

30

25

20

15

10

5

0

, 0.84%

48.2

2020-21 2021-22 2022-23 2023-24 2024-25

Financial Review - Net Sales

Sales grew at 5-year CAGR of 22.49%

Bagasse Electricity , 1.76% Press mud , 0.18% Molasses , 5.36% Sugar , 91.85%

Financial Review - Gross Profit & Net Profit Margins

25

20 20

16

16

13

20

15

10 9

7.61

6.38

3.97

4.83

5

0

2020-21 2021-22 2022-23 2023-24 2024-25

Gross Profit Ratio (%age) Net Profit Margin

Financial Review - Total Assets, Current Ratio & Net Debt/Equity

PKR Bn Times

30.0 1.20

1.07 27.8

18.8

15.7

16.0

8.8

0.33

0.15

0.15

1.80

1.43

1.70

1.30

1.95

0.01

25.0 1.00

20.0 0.80

15.0 0.60

10.0 0.40

5.0

-

2020-21 2021-22 2022-23 2023-24 2024-25

Total Assets (LHS) Current Ratio Net Debt-to-Equity (RHS)

0.20

0.00

Financial Review - EPS & Dividend Paid

PKR

108.52

118.61

130.87

154.99

Dividend Paid (Rs in million) Earning/(Loss) Per Share (Rs.)

45.07

45.07

52.58

75.12

75.61

37.56

2020-21 2021-22 2022-23 2023-24 2024-25

Future Outlook

• Sugarcane crop size could remain relatively high as compared with the previous year and this may end up having more sugar production in coming season.

• Government did not notify official support price for sugar cane. Consequently, average procurement price will be finalized upon completion of crushing cycle.

• Industry face challenges from unpredictable weather, flooding and rising production cost.

• SBP Policy Rate has been reduced to 11% providing some relief by improving company cash flows and profitability.

Questions & Answers

Thank You!