Noon Sugar Mills Limited has released its quarterly financial report for the nine months ended June 30, 2026, revealing a challenging period marked by a decline in profitability despite increased sales and operational efficiency.
- Revenue for the nine-month period reached PKR 10,320M, up 10% from PKR 9,374M in the previous year.
- Net loss after tax was PKR 95M, compared to a profit of PKR 266M in the same period last year.
- Earnings per share (EPS) decreased to PKR (5.77) from PKR 16.13.
- Gross profit margin fell to 7% from 9% due to rising sugarcane procurement costs.
- The company crushed 950,643 metric tons of cane, a 48% increase, with an average sucrose recovery rate of 10.19%.
- The distillery division maintained stable operations, producing ethanol with an improved yield of 247 liters per metric ton.
- The report is un-audited and reflects the company's ongoing operational challenges in a surplus sugar market.
- Management remains cautiously optimistic about future sugarcane cultivation and potential market improvements.