ADAMS Adam Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 67.20 0.00%
Financials
Adam Sugar Mills Limited (ADAMS) financials
14 years of annual results (FY2012 – FY2025), 47 quarters.
Adam Sugar Mills Limited (ADAMS) reported revenue of Rs 10.8 bn for FY2025 (Oct 2024 – Sep 2025), up 34.6% from FY2024.
Profit attributable to shareholders was Rs 46.1 mn (EPS Rs 2.67), down 15.0%, a net margin of 0.4%.
It declared a dividend of Rs 4.00 per share for FY2025 and has paid a dividend in each of the last 6 years.
Net debt stood at Rs 1.4 bn.
Return on equity was 0.9%.
Over the last five years revenue grew at a compound 25.0% a year.
At Rs 67.20 (close on 16 Oct 2026) the shares trade at 0.19× book value, with a dividend yield of 6.0%.
Fundamentals
ADAMS at a glance
Revenue · FY2025
Rs 10.8 bn
▲ 34.6% year on year
Profit attributable to shareholders · FY2025
Rs 46.1 mn
▼ 15.0% year on year
EPS – basic (Rs) · FY2025
Rs 2.67
▼ 14.9% year on year
Dividend per share (Rs) · FY2025
Rs 4.00
▲ 166.7% year on year
Net margin · FY2025
0.4%
-0.2 pts year on year
Debt to equity · FY2025
28.9%
-29.1 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 10.8 bn
- Profit attributable · FY2025
- Rs 46.1 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 8.5 bn
- Equity · FY2025
- Rs 5.1 bn
Financial highlights
ADAMS financial results
| Rs bn | FY2025 Oct 2024 – Sep 2025 | FY2024 * Oct 2023 – Sep 2024 | FY2023 Oct 2022 – Sep 2023 | FY2022 * Oct 2021 – Sep 2022 | FY2021 Oct 2020 – Sep 2021 | FY2020 Oct 2019 – Sep 2020 | FY2019 Oct 2018 – Sep 2019 | FY2018 Oct 2017 – Sep 2018 | FY2017 Oct 2016 – Sep 2017 | FY2016 Oct 2015 – Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.8 | 8.1 | 5.4 | 5.4 | 2.9 | 3.6 | 2.3 | 3.8 | 1.8 | 3.3 |
| Gross profit | 0.7 | 0.9 | 0.6 | 0.7 | 0.4 | 0.7 | 0.0 | 0.1 | 0.1 | 0.3 |
| Operating profit | 0.5 | 0.7 | 0.4 | 0.5 | 0.3 | 0.6 | (0.1) | (0.0) | (0.0) | 0.2 |
| Profit after tax | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | (0.3) | (0.0) | (0.0) | 0.1 |
| Profit attributable to shareholders | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | (0.3) | (0.0) | (0.0) | 0.1 |
| EPS – basic (Rs) Rs | 2.67 | 3.14 | 6.80 | 9.16 | 11.32 | 18.42 | (14.69) | (1.78) | (0.17) | 7.20 |
| Dividend per share (Rs) Rs | 4.00 | 1.50 | 5.00 | 2.50 | 2.00 | 4.00 | 0.00 | 0.00 | 0.00 | 3.50 |
| Total assets | 8.5 | 10.5 | 8.8 | 6.9 | 6.1 | 5.9 | 6.4 | 3.7 | 4.1 | 2.3 |
| Total equity | 5.1 | 5.3 | 5.5 | 4.0 | 3.9 | 3.6 | 3.3 | 1.1 | 1.2 | 1.2 |
| Total debt | 1.5 | 3.1 | 1.1 | 1.2 | 1.1 | 0.8 | 1.5 | 1.6 | 1.7 | 0.7 |
| Net cash from operating activities | 2.1 | (1.7) | 0.3 | 0.2 | 0.0 | 0.8 | 0.3 | 0.3 | (0.9) | 0.5 |
| Capital expenditure | (0.5) | (0.1) | (0.2) | (0.4) | (0.1) | (0.1) | (0.1) | (0.3) | (0.1) | (0.1) |
| Free cash flow (operating cash flow − capex) | 1.6 | (1.9) | 0.1 | (0.2) | (0.1) | 0.7 | 0.2 | 0.0 | (1.0) | 0.3 |
| Rs bn | TTM to Jun 2026 | Q3 FY2026 Apr – Jun 2026 | Q2 FY2026 Jan – Mar 2026 | Q1 FY2026 Oct – Dec 2025 | Q4 FY2025 Jul – Sep 2025 | Q3 FY2025 Apr – Jun 2025 | Q2 FY2025 Jan – Mar 2025 | Q1 FY2025 Oct – Dec 2024 | Q4 FY2024 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.1 | 2.4 | 3.4 | 1.7 | 2.7 | 2.7 | 1.6 | 3.9 | 0.8 |
| Gross profit | 0.6 | 0.0 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | (0.1) |
| Operating profit | 0.3 | (0.0) | 0.1 | 0.1 | 0.1 | 0.2 | 0.0 | 0.1 | (0.2) |
| Profit after tax | (0.1) | (0.2) | 0.0 | 0.0 | (0.0) | 0.1 | (0.0) | (0.0) | (0.3) |
| Profit attributable to shareholders | (0.1) | (0.2) | 0.0 | 0.0 | (0.0) | 0.1 | (0.0) | (0.0) | (0.3) |
| EPS – basic (Rs) Rs | (5.93) | (9.62) | 1.23 | 2.85 | (0.39) | 5.60 | (1.90) | (0.64) | (14.92) |
| Dividend per share (Rs) Rs | 4.00 | 0.00 | 0.00 | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 1.50 |
| Total assets | 12.6 | 12.6 | 13.8 | 10.7 | 8.5 | 10.8 | 12.3 | 9.6 | 10.5 |
| Total equity | 6.1 | 6.1 | 5.1 | 5.1 | 5.1 | 5.3 | 5.2 | 5.2 | 5.3 |
| Total debt | 3.8 | 3.8 | 5.5 | 3.4 | 1.5 | 3.6 | 4.7 | 2.0 | 3.1 |
| Net cash from operating activities | 0.2 | 1.2 | (2.2) | (1.0) | 2.1 | 1.4 | (2.9) | 1.4 | 0.4 |
| Capital expenditure | (0.2) | (0.0) | (0.1) | (0.1) | (0.0) | (0.4) | (0.1) | (0.0) | (0.1) |
| Free cash flow (operating cash flow − capex) | (0.0) | 1.2 | (2.3) | (1.1) | 2.1 | 1.1 | (2.9) | 1.4 | 0.4 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.