Noon Sugar Mills Income Statement

Financials in millions PKR. Fiscal year is October - September.

Millions PKR. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	14,324	11,744	11,326	9,280	11,966	9,190
Revenue Growth (YoY)	23.55%	3.69%	22.05%	-22.45%	30.21%	49.71%
Cost of Revenue	12,590	10,273	10,197	7,384	10,407	8,183
Gross Profit	1,734	1,471	1,129	1,897	1,559	1,006
Selling, General & Admin	677.57	580.91	601.43	582.42	603.52	397.28
Other Operating Expenses	-293.3	-159.29	-50.4	74.39	-84.06	-29.59
Operating Expenses	384.27	421.62	551.03	656.81	519.46	367.7
Operating Income	1,349	1,050	577.86	1,240	1,040	638.6
Interest Expense	-508.86	-533.87	-1,084	-708.68	-389.52	-263.49
Interest & Investment Income	3.98	6.08	2.32	2.13	2.78	1.59
Currency Exchange Gain (Loss)	-13.7	-6.86	-0.04	-	-0.01	-2.16
Other Non Operating Income (Expenses)	-7.72	-7.72	-14.88	-8.56	-	-
EBT Excluding Unusual Items	823.07	507.24	-519.15	524.61	653.09	374.54
Gain (Loss) on Sale of Assets	2.12	315.77	2.93	1.95	3.84	2.63
Pretax Income	825.19	823.01	-479.91	526.57	656.93	377.18
Income Tax Expense	186.03	152.1	139.54	107.25	192.92	123.06
Net Income	639.16	670.91	-619.45	419.31	464.01	254.12
Net Income to Common	639.16	670.91	-619.45	419.31	464.01	254.12
Net Income Growth	-	-	-	-9.63%	82.59%	-0.76%
Shares Outstanding (Basic)	17	17	17	17	17	17
Shares Outstanding (Diluted)	17	17	17	17	17	17
EPS (Basic)	38.70	40.62	-37.50	25.39	28.09	15.38
EPS (Diluted)	38.70	40.62	-37.50	25.39	28.09	15.38
EPS Growth	-	-	-	-9.63%	82.59%	-0.76%
Free Cash Flow	1,365	1,588	-2,684	780.14	864.54	477.19
Free Cash Flow Per Share	82.62	96.15	-162.52	47.23	52.34	28.89
Dividend Per Share	4.000	4.000	-	4.000	4.000	3.500
Dividend Growth	-	-	-	-	14.29%	-
Gross Margin	12.10%	12.53%	9.97%	20.44%	13.03%	10.95%
Operating Margin	9.42%	8.94%	5.10%	13.36%	8.69%	6.95%
Profit Margin	4.46%	5.71%	-5.47%	4.52%	3.88%	2.77%
Free Cash Flow Margin	9.53%	13.52%	-23.70%	8.41%	7.22%	5.19%
EBITDA	1,629	1,258	775.51	1,423	1,198	785.07
EBITDA Margin	11.37%	10.71%	6.85%	15.33%	10.01%	8.54%
D&A For EBITDA	279.34	208.82	197.65	183.06	158.49	146.48
EBIT	1,349	1,050	577.86	1,240	1,040	638.6
EBIT Margin	9.42%	8.94%	5.10%	13.36%	8.69%	6.95%
Effective Tax Rate	22.54%	18.48%	-	20.37%	29.37%	32.63%
Advertising Expenses	-	1.03	0.3	0.78	0.57	1.19

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.