AGSML Abdullah Shah Ghazi Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 9.61 -1.23%
Annual · FY2007 – FY2025
Abdullah Shah Ghazi Sugar Mills Limited (AGSML) balance sheet
At the end of FY2025 (Oct 2024 – Sep 2025) Abdullah Shah Ghazi Sugar Mills Limited had total assets of Rs 3.3 bn, down 1.1% on FY2024. Current assets of Rs 85.9 mn covered current liabilities of Rs 3.0 bn 0.03 times. Total debt was Rs 1.1 bn, net debt Rs 1.1 bn. Shareholders' equity was -Rs 956.2 mn (Rs -12.06 per share), -29.0% of total assets.
| Rs mn | 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 | FY2015 Oct 2014 – Sep 2015 | FY2014 Oct 2013 – Sep 2014 | FY2013 Oct 2012 – Sep 2013 | FY2012 Oct 2011 – Sep 2012 | FY2011 Oct 2010 – Sep 2011 | FY2010 Oct 2009 – Sep 2010 | FY2009 Oct 2008 – Sep 2009 | FY2008 Oct 2007 – Sep 2008 | FY2007 Oct 2006 – Sep 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||
| Cash & short-term investments | 4.5 | 1.3 | 3.3 | 3.1 | 1.0 | 1.5 | 5.1 | 4.8 | 10.0 | 2.8 | 10.2 | 11.4 | 4.9 | 12.5 | 16.3 | 95.2 | 59.9 | 11.2 | 0.8 |
| Trade receivables | — | — | — | — | — | — | — | — | 0.0 | 2.3 | — | — | — | — | 4.0 | 0.0 | — | — | — |
| Inventories | 51.4 | 54.3 | 39.2 | 191.3 | 187.7 | 187.7 | 236.4 | 221.9 | 156.7 | 288.6 | 393.5 | 1,508.0 | 1,247.7 | 1,313.2 | 910.6 | 438.5 | 227.7 | 39.8 | 30.5 |
| Other current assets | — | — | — | — | — | — | (0.0) | — | — | — | — | — | — | — | 27.5 | 52.2 | 48.6 | 39.3 | 42.3 |
| Total current assets | 85.9 | 92.4 | 150.4 | 296.9 | 290.8 | 281.6 | 329.8 | 321.8 | 251.2 | 410.0 | 464.5 | 1,678.7 | 1,348.3 | 1,405.3 | 958.9 | 586.8 | 336.5 | 90.3 | 73.6 |
| Property, plant & equipment | 3,209.7 | 3,239.1 | 3,392.2 | 3,191.3 | 3,362.1 | 3,542.7 | 3,733.2 | 2,479.9 | 2,605.9 | 2,639.0 | 2,714.1 | 1,901.0 | 1,811.7 | 1,828.3 | 871.5 | 747.4 | 572.6 | 395.3 | 384.4 |
| Other non-current assets | — | — | 0.0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.3 | 1.3 | 5.4 | 5.4 | 5.3 | 4.9 | 4.7 | 1.1 | 0.8 | 1.2 |
| Total non-current assets | 3,209.7 | 3,239.1 | 3,392.2 | 3,193.2 | 3,363.9 | 3,544.5 | 3,735.0 | 2,481.7 | 2,607.7 | 2,640.3 | 2,715.5 | 1,906.3 | 1,817.0 | 1,833.6 | 876.4 | 752.0 | 573.6 | 396.2 | 385.6 |
| Total assets | 3,295.6 | 3,331.6 | 3,542.6 | 3,490.1 | 3,654.7 | 3,826.1 | 4,064.8 | 2,803.4 | 2,858.9 | 3,050.3 | 3,180.0 | 3,585.0 | 3,165.3 | 3,238.8 | 1,835.3 | 1,338.9 | 910.1 | 486.4 | 459.2 |
| Liabilities | |||||||||||||||||||
| Trade payables | 2,300.8 | 2,188.9 | 2,450.3 | 2,464.8 | 2,449.8 | 2,439.8 | 2,449.3 | 2,363.1 | 2,146.3 | 2,198.7 | 1,926.1 | 1,534.0 | 788.8 | 727.0 | 212.8 | 121.8 | 151.9 | 79.8 | 290.2 |
| Short-term borrowings & current portion of debt | 34.0 | 29.9 | 29.9 | 291.8 | 291.8 | 423.5 | 422.5 | 422.5 | 423.1 | 417.5 | 426.6 | 721.6 | 790.2 | 802.1 | 727.6 | 380.8 | 1.3 | 0.0 | 36.5 |
| Total current liabilities | 3,037.0 | 2,786.6 | 2,874.1 | 3,120.9 | 3,032.5 | 3,220.0 | 3,162.5 | 3,013.8 | 2,753.9 | 2,758.4 | 2,440.3 | 2,338.5 | 1,648.4 | 1,613.6 | 1,054.0 | 584.3 | 274.9 | 107.4 | 344.6 |
| Long-term debt | 1,078.8 | 967.4 | 869.1 | 372.4 | 314.7 | 125.4 | 127.4 | 128.4 | 129.5 | 142.2 | 179.7 | 123.4 | 488.6 | 488.6 | 185.1 | 164.8 | 70.4 | 548.5 | 0.0 |
| Other non-current liabilities | 136.0 | 223.1 | 255.8 | 170.1 | 8.7 | 7.7 | 7.0 | 6.0 | 4.9 | 4.3 | 5.3 | 5.3 | 324.2 | 2.9 | 425.3 | 429.0 | 1,079.5 | 441.1 | 868.0 |
| Total non-current liabilities | 1,214.8 | 1,190.5 | 1,124.8 | 542.5 | 476.0 | 238.0 | 325.4 | 134.4 | 134.4 | 384.2 | 456.0 | 474.4 | 812.7 | 822.6 | 626.5 | 612.2 | 1,184.5 | 1,026.5 | 907.1 |
| Total liabilities | 4,251.8 | 3,977.1 | 3,999.0 | 3,663.4 | 3,508.5 | 3,458.0 | 3,487.9 | 3,148.2 | 2,888.3 | 3,142.7 | 2,896.3 | 2,812.9 | 2,461.1 | 2,436.2 | 1,680.5 | 1,196.6 | 1,459.4 | 1,133.9 | 1,251.8 |
| Equity | |||||||||||||||||||
| Share capital | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 146.7 | 146.7 | 146.7 |
| Reserves & retained earnings | (1,748.8) | (1,438.2) | (1,249.0) | (965.9) | (646.4) | (424.6) | (215.8) | (1,137.4) | (822.0) | (885.0) | (508.9) | (20.4) | (88.4) | 10.0 | (637.8) | (650.3) | (695.9) | (794.2) | (939.3) |
| Equity attributable to shareholders | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) | 283.7 | 772.2 | 704.2 | 802.6 | 154.8 | 142.3 | (549.2) | (647.5) | (792.6) |
| Non-controlling interest | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total equity | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) | 283.7 | 772.2 | 704.2 | 802.6 | 154.8 | 142.3 | (549.2) | (647.5) | (792.6) |
| Total liabilities & equity | 3,295.6 | 3,331.6 | 3,542.6 | 3,490.1 | 3,654.7 | 3,826.1 | 4,064.8 | 2,803.4 | 2,858.9 | 3,050.3 | 3,180.0 | 3,585.0 | 3,165.3 | 3,238.8 | 1,835.3 | 1,338.9 | 910.1 | 486.4 | 459.2 |
| Key figures | |||||||||||||||||||
| Total debt | 1,112.8 | 997.3 | 899.0 | 664.2 | 606.5 | 548.9 | 549.9 | 550.9 | 552.6 | 559.7 | 606.2 | 845.0 | 1,278.7 | 1,290.7 | 912.6 | 545.6 | 71.8 | 548.5 | 36.5 |
| Net debt / (net cash) | 1,108.3 | 996.1 | 895.7 | 661.1 | 605.5 | 547.4 | 544.9 | 546.2 | 542.6 | 556.9 | 596.1 | 833.6 | 1,273.9 | 1,278.2 | 896.3 | 450.5 | 11.8 | 537.4 | 35.6 |
| Shares outstanding mn | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 14.7 | 14.7 | 14.7 |
| Common equity | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) | 283.7 | 772.2 | 704.2 | 802.6 | 154.8 | 142.3 | (549.2) | (647.5) | (792.6) |
| Book value per share (Rs) Rs | (12.06) | (8.14) | (5.76) | (2.19) | 1.84 | 4.64 | 7.28 | (4.35) | (0.37) | (1.17) | 3.58 | 9.74 | 8.88 | 10.13 | 1.95 | 1.80 | (37.45) | (44.15) | (54.04) |
| Rs mn | 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 | FY2015 Oct 2014 – Sep 2015 | FY2014 Oct 2013 – Sep 2014 | FY2013 Oct 2012 – Sep 2013 | FY2012 Oct 2011 – Sep 2012 | FY2011 Oct 2010 – Sep 2011 | FY2010 Oct 2009 – Sep 2010 | FY2009 Oct 2008 – Sep 2009 | FY2008 Oct 2007 – Sep 2008 | FY2007 Oct 2006 – Sep 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||
| Cash & short-term investments | +247.2% | -61.4% | +9.0% | +211.9% | -35.3% | -70.0% | +6.4% | -52.3% | +255.2% | -72.3% | -10.7% | +133.6% | -61.0% | -23.4% | -82.9% | +58.8% | +436.7% | +1,225.7% | — |
| Trade receivables | — | — | — | — | — | — | — | — | -100.0% | — | — | — | — | — | — | — | — | — | — |
| Inventories | -5.3% | +38.6% | -79.5% | +1.9% | -0.0% | -20.6% | +6.5% | +41.7% | -45.7% | -26.7% | -73.9% | +20.9% | -5.0% | +44.2% | +107.6% | +92.6% | +471.7% | +30.7% | — |
| Other current assets | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -47.3% | +7.6% | +23.7% | -7.1% | — |
| Total current assets | -7.0% | -38.5% | -49.4% | +2.1% | +3.3% | -14.6% | +2.5% | +28.1% | -38.7% | -11.7% | -72.3% | +24.5% | -4.1% | +46.5% | +63.4% | +74.4% | +272.9% | +22.6% | — |
| Property, plant & equipment | -0.9% | -4.5% | +6.3% | -5.1% | -5.1% | -5.1% | +50.5% | -4.8% | -1.3% | -2.8% | +42.8% | +4.9% | -0.9% | +109.8% | +16.6% | +30.5% | +44.8% | +2.8% | — |
| Other non-current assets | — | — | -100.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +37.7% | 0.0% | -75.2% | -0.4% | +1.1% | +7.7% | +6.0% | +341.1% | +26.1% | -28.7% | — |
| Total non-current assets | -0.9% | -4.5% | +6.2% | -5.1% | -5.1% | -5.1% | +50.5% | -4.8% | -1.2% | -2.8% | +42.4% | +4.9% | -0.9% | +109.2% | +16.5% | +31.1% | +44.8% | +2.8% | — |
| Total assets | -1.1% | -6.0% | +1.5% | -4.5% | -4.5% | -5.9% | +45.0% | -1.9% | -6.3% | -4.1% | -11.3% | +13.3% | -2.3% | +76.5% | +37.1% | +47.1% | +87.1% | +5.9% | — |
| Liabilities | |||||||||||||||||||
| Trade payables | +5.1% | -10.7% | -0.6% | +0.6% | +0.4% | -0.4% | +3.6% | +10.1% | -2.4% | +14.2% | +25.6% | +94.5% | +8.5% | +241.6% | +74.7% | -19.8% | +90.2% | -72.5% | — |
| Short-term borrowings & current portion of debt | +13.5% | 0.0% | -89.7% | 0.0% | -31.1% | +0.2% | 0.0% | -0.1% | +1.3% | -2.1% | -40.9% | -8.7% | -1.5% | +10.2% | +91.1% | +28,350.8% | — | -100.0% | — |
| Total current liabilities | +9.0% | -3.0% | -7.9% | +2.9% | -5.8% | +1.8% | +4.9% | +9.4% | -0.2% | +13.0% | +4.4% | +41.9% | +2.2% | +53.1% | +80.4% | +112.6% | +155.8% | -68.8% | — |
| Long-term debt | +11.5% | +11.3% | +133.3% | +18.3% | +151.0% | -1.6% | -0.8% | -0.8% | -8.9% | -20.9% | +45.6% | -74.7% | 0.0% | +164.0% | +12.3% | +134.1% | -87.2% | — | — |
| Other non-current liabilities | -39.0% | -12.8% | +50.4% | +1,851.4% | +12.7% | +10.7% | +17.3% | +22.7% | +11.8% | -18.5% | +0.1% | -98.4% | +11,135.1% | -99.3% | -0.9% | -60.3% | +144.7% | -49.2% | — |
| Total non-current liabilities | +2.0% | +5.8% | +107.3% | +14.0% | +100.0% | -26.9% | +142.2% | +0.0% | -65.0% | -15.7% | -3.9% | -41.6% | -1.2% | +31.3% | +2.3% | -48.3% | +15.4% | +13.2% | — |
| Total liabilities | +6.9% | -0.5% | +9.2% | +4.4% | +1.5% | -0.9% | +10.8% | +9.0% | -8.1% | +8.5% | +3.0% | +14.3% | +1.0% | +45.0% | +40.4% | -18.0% | +28.7% | -9.4% | — |
| Equity | |||||||||||||||||||
| Share capital | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +440.4% | 0.0% | 0.0% | — |
| Reserves & retained earnings | — | — | — | — | — | — | — | — | — | — | — | — | -983.5% | — | — | — | — | — | — |
| Equity attributable to shareholders | — | — | — | -218.5% | -60.3% | -36.2% | — | — | — | -132.6% | -63.3% | +9.7% | -12.3% | +418.3% | +8.8% | — | — | — | — |
| Non-controlling interest | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total equity | — | — | — | -218.5% | -60.3% | -36.2% | — | — | — | -132.6% | -63.3% | +9.7% | -12.3% | +418.3% | +8.8% | — | — | — | — |
| Total liabilities & equity | -1.1% | -6.0% | +1.5% | -4.5% | -4.5% | -5.9% | +45.0% | -1.9% | -6.3% | -4.1% | -11.3% | +13.3% | -2.3% | +76.5% | +37.1% | +47.1% | +87.1% | +5.9% | — |
| Key figures | |||||||||||||||||||
| Total debt | +11.6% | +10.9% | +35.4% | +9.5% | +10.5% | -0.2% | -0.2% | -0.3% | -1.3% | -7.7% | -28.3% | -33.9% | -0.9% | +41.4% | +67.3% | +660.4% | -86.9% | +1,403.9% | — |
| Net debt / (net cash) | +11.3% | +11.2% | +35.5% | +9.2% | +10.6% | +0.5% | -0.2% | +0.7% | -2.6% | -6.6% | -28.5% | -34.6% | -0.3% | +42.6% | +99.0% | +3,706.7% | -97.8% | +1,408.1% | — |
| Shares outstanding | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Common equity | — | — | — | -218.5% | -60.3% | -36.2% | — | — | — | -132.6% | -63.3% | +9.7% | -12.3% | +418.3% | +8.8% | — | — | — | — |
| Book value per share (Rs) | — | — | — | -218.5% | -60.3% | -36.2% | — | — | — | -132.6% | -63.3% | +9.7% | -12.3% | +418.3% | +8.8% | — | — | — | — |
Change against the previous fiscal year; shown when the earlier figure is positive.
| Rs mn | 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 | FY2015 Oct 2014 – Sep 2015 | FY2014 Oct 2013 – Sep 2014 | FY2013 Oct 2012 – Sep 2013 | FY2012 Oct 2011 – Sep 2012 | FY2011 Oct 2010 – Sep 2011 | FY2010 Oct 2009 – Sep 2010 | FY2009 Oct 2008 – Sep 2009 | FY2008 Oct 2007 – Sep 2008 | FY2007 Oct 2006 – Sep 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||||||||
| Cash & short-term investments | 0.1% | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% | 0.2% | 0.3% | 0.1% | 0.3% | 0.3% | 0.2% | 0.4% | 0.9% | 7.1% | 6.6% | 2.3% | 0.2% |
| Trade receivables | — | — | — | — | — | — | — | — | 0.0% | 0.1% | — | — | — | — | 0.2% | 0.0% | — | — | — |
| Inventories | 1.6% | 1.6% | 1.1% | 5.5% | 5.1% | 4.9% | 5.8% | 7.9% | 5.5% | 9.5% | 12.4% | 42.1% | 39.4% | 40.5% | 49.6% | 32.8% | 25.0% | 8.2% | 6.6% |
| Other current assets | — | — | — | — | — | — | (0.0%) | — | — | — | — | — | — | — | 1.5% | 3.9% | 5.3% | 8.1% | 9.2% |
| Total current assets | 2.6% | 2.8% | 4.2% | 8.5% | 8.0% | 7.4% | 8.1% | 11.5% | 8.8% | 13.4% | 14.6% | 46.8% | 42.6% | 43.4% | 52.2% | 43.8% | 37.0% | 18.6% | 16.0% |
| Property, plant & equipment | 97.4% | 97.2% | 95.8% | 91.4% | 92.0% | 92.6% | 91.8% | 88.5% | 91.2% | 86.5% | 85.4% | 53.0% | 57.2% | 56.4% | 47.5% | 55.8% | 62.9% | 81.3% | 83.7% |
| Other non-current assets | — | — | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% | 0.1% | 0.2% | 0.2% | 0.3% | 0.3% | 0.1% | 0.2% | 0.3% |
| Total non-current assets | 97.4% | 97.2% | 95.8% | 91.5% | 92.0% | 92.6% | 91.9% | 88.5% | 91.2% | 86.6% | 85.4% | 53.2% | 57.4% | 56.6% | 47.8% | 56.2% | 63.0% | 81.4% | 84.0% |
| Total assets | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Liabilities | |||||||||||||||||||
| Trade payables | 69.8% | 65.7% | 69.2% | 70.6% | 67.0% | 63.8% | 60.3% | 84.3% | 75.1% | 72.1% | 60.6% | 42.8% | 24.9% | 22.4% | 11.6% | 9.1% | 16.7% | 16.4% | 63.2% |
| Short-term borrowings & current portion of debt | 1.0% | 0.9% | 0.8% | 8.4% | 8.0% | 11.1% | 10.4% | 15.1% | 14.8% | 13.7% | 13.4% | 20.1% | 25.0% | 24.8% | 39.6% | 28.4% | 0.1% | 0.0% | 7.9% |
| Total current liabilities | 92.2% | 83.6% | 81.1% | 89.4% | 83.0% | 84.2% | 77.8% | 107.5% | 96.3% | 90.4% | 76.7% | 65.2% | 52.1% | 49.8% | 57.4% | 43.6% | 30.2% | 22.1% | 75.1% |
| Long-term debt | 32.7% | 29.0% | 24.5% | 10.7% | 8.6% | 3.3% | 3.1% | 4.6% | 4.5% | 4.7% | 5.6% | 3.4% | 15.4% | 15.1% | 10.1% | 12.3% | 7.7% | 112.8% | 0.0% |
| Other non-current liabilities | 4.1% | 6.7% | 7.2% | 4.9% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% | 0.1% | 10.2% | 0.1% | 23.2% | 32.0% | 118.6% | 90.7% | 189.1% |
| Total non-current liabilities | 36.9% | 35.7% | 31.8% | 15.5% | 13.0% | 6.2% | 8.0% | 4.8% | 4.7% | 12.6% | 14.3% | 13.2% | 25.7% | 25.4% | 34.1% | 45.7% | 130.1% | 211.0% | 197.6% |
| Total liabilities | 129.0% | 119.4% | 112.9% | 105.0% | 96.0% | 90.4% | 85.8% | 112.3% | 101.0% | 103.0% | 91.1% | 78.5% | 77.8% | 75.2% | 91.6% | 89.4% | 160.3% | 233.1% | 272.6% |
| Equity | |||||||||||||||||||
| Share capital | 24.1% | 23.8% | 22.4% | 22.7% | 21.7% | 20.7% | 19.5% | 28.3% | 27.7% | 26.0% | 24.9% | 22.1% | 25.0% | 24.5% | 43.2% | 59.2% | 16.1% | 30.2% | 31.9% |
| Reserves & retained earnings | (53.1%) | (43.2%) | (35.3%) | (27.7%) | (17.7%) | (11.1%) | (5.3%) | (40.6%) | (28.8%) | (29.0%) | (16.0%) | (0.6%) | (2.8%) | 0.3% | (34.7%) | (48.6%) | (76.5%) | (163.3%) | (204.6%) |
| Equity attributable to shareholders | (29.0%) | (19.4%) | (12.9%) | (5.0%) | 4.0% | 9.6% | 14.2% | (12.3%) | (1.0%) | (3.0%) | 8.9% | 21.5% | 22.2% | 24.8% | 8.4% | 10.6% | (60.3%) | (133.1%) | (172.6%) |
| Non-controlling interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total equity | (29.0%) | (19.4%) | (12.9%) | (5.0%) | 4.0% | 9.6% | 14.2% | (12.3%) | (1.0%) | (3.0%) | 8.9% | 21.5% | 22.2% | 24.8% | 8.4% | 10.6% | (60.3%) | (133.1%) | (172.6%) |
| Total liabilities & equity | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Key figures | |||||||||||||||||||
| Total debt | 33.8% | 29.9% | 25.4% | 19.0% | 16.6% | 14.3% | 13.5% | 19.7% | 19.3% | 18.3% | 19.1% | 23.6% | 40.4% | 39.9% | 49.7% | 40.8% | 7.9% | 112.8% | 7.9% |
| Net debt / (net cash) | 33.6% | 29.9% | 25.3% | 18.9% | 16.6% | 14.3% | 13.4% | 19.5% | 19.0% | 18.3% | 18.7% | 23.3% | 40.2% | 39.5% | 48.8% | 33.6% | 1.3% | 110.5% | 7.8% |
| Common equity | (29.0%) | (19.4%) | (12.9%) | (5.0%) | 4.0% | 9.6% | 14.2% | (12.3%) | (1.0%) | (3.0%) | 8.9% | 21.5% | 22.2% | 24.8% | 8.4% | 10.6% | (60.3%) | (133.1%) | (172.6%) |
Each line as a percentage of total assets.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.
All reported line items 98
| Rs mn | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 4.5 | 1.3 | 3.3 | 3.1 | 1.0 | 1.5 | 5.1 | 4.8 | 10.0 | 2.8 |
| Cash & Short Term Investments | 4.5 | 1.3 | 3.3 | 3.1 | 1.0 | 1.5 | 5.1 | 4.8 | 10.0 | 2.8 |
| Loans & Receivables - Net - Short-Term | 16.3 | 0.3 | 16.1 | 16.1 | — | — | — | — | 0.0 | 2.3 |
| Loans & Receivables - Total | 16.3 | 0.3 | 16.1 | 16.1 | — | — | — | — | 0.0 | 2.3 |
| Trade Accounts & Trade Notes Receivable - Net | — | — | — | — | — | — | — | — | 0.0 | 2.3 |
| Income Tax - Receivables - Short-Term | 16.0 | — | — | — | — | — | — | — | — | — |
| Receivables - Other - Total | 0.3 | 0.3 | 16.1 | 16.1 | — | — | — | — | — | — |
| Inventories - Total | 51.4 | 54.3 | 39.2 | 191.3 | 187.7 | 187.7 | 236.4 | 221.9 | 156.7 | 288.6 |
| Inventories - Raw Materials | 47.5 | 54.3 | 39.0 | 40.4 | 36.8 | 36.8 | 34.2 | 38.3 | 41.7 | 41.9 |
| Inventories - Other - Total | 3.9 | 0.0 | 0.2 | 150.9 | 150.9 | 150.9 | 202.2 | 183.6 | 114.9 | 246.7 |
| Prepaid Expenses - Short-Term | 13.7 | 36.5 | 91.7 | 86.5 | 102.1 | 92.4 | 88.3 | 95.1 | 84.5 | 116.3 |
| Other Current Assets - Total | — | — | — | — | — | — | (0.0) | — | — | — |
| Property, Plant & Equipment - Net - Total | 3,209.7 | 3,239.1 | 3,392.2 | 3,191.3 | 3,362.1 | 3,542.7 | 3,733.2 | 2,479.9 | 2,605.9 | 2,639.0 |
| Other Assets - Total | — | — | 0.0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.3 |
| Total Current Assets | 85.9 | 92.4 | 150.4 | 296.9 | 290.8 | 281.6 | 329.8 | 321.8 | 251.2 | 410.0 |
| Total Assets | 3,295.6 | 3,331.6 | 3,542.6 | 3,490.1 | 3,654.7 | 3,826.1 | 4,064.8 | 2,803.4 | 2,858.9 | 3,050.3 |
| Debt - Total | 1,112.8 | 997.3 | 899.0 | 664.2 | 606.5 | 548.9 | 549.9 | 550.9 | 552.6 | 559.7 |
| Short-Term Debt & Current Portion of Long-Term Debt | 34.0 | 29.9 | 29.9 | 291.8 | 291.8 | 423.5 | 422.5 | 422.5 | 423.1 | 417.5 |
| Current Portion of Long-Term Debt including Capitalized Leases | 15.0 | 11.0 | 11.0 | 272.8 | 272.8 | 348.8 | 347.8 | 347.8 | 348.4 | 56.3 |
| Short-Term Debt & Notes Payable | 19.0 | 19.0 | 19.0 | 19.0 | 19.0 | 74.7 | 74.7 | 74.7 | 74.7 | 361.3 |
| Debt - Long-Term - Total | 1,078.8 | 967.4 | 869.1 | 372.4 | 314.7 | 125.4 | 127.4 | 128.4 | 129.5 | 142.2 |
| Current Portion of Long-Term Debt excluding Capitalized Leases | 15.0 | 11.0 | 11.0 | 272.8 | 272.8 | 348.8 | 347.8 | 347.8 | 348.4 | 56.3 |
| Long-Term Debt excluding Capitalized Leases | 1,078.8 | 967.4 | 869.1 | 372.4 | 314.7 | 125.4 | 127.4 | 128.4 | 129.5 | 142.2 |
| Other Non-Current Assets - Total | — | — | 0.0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.3 |
| Debt - Non-Convertible - Long-Term | 1,078.8 | 967.4 | 869.1 | 372.4 | 314.7 | 125.4 | 127.4 | 128.4 | 129.5 | 142.2 |
| Deferred Tax & Investment Tax Credits - Long-Term | — | — | — | — | 152.5 | 104.9 | 191.0 | 0.0 | 0.0 | 237.7 |
| Deferred Tax - Liability - Long-Term | — | — | — | — | 152.5 | 104.9 | 191.0 | 0.0 | 0.0 | 237.7 |
| Payables & Accrued Expenses | 2,300.8 | 2,188.9 | 2,450.3 | 2,464.8 | 2,449.8 | 2,439.8 | 2,449.3 | 2,363.1 | 2,146.3 | 2,198.7 |
| Trade Account Payables - Total | 2,300.8 | 2,188.9 | 2,450.3 | 2,464.8 | 2,449.8 | 2,439.8 | 2,449.3 | 2,363.1 | 2,146.3 | 2,198.7 |
| Other Non-Current Assets | — | — | 0.0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.3 |
| Total Liabilities | 4,251.8 | 3,977.1 | 3,999.0 | 3,663.4 | 3,508.5 | 3,458.0 | 3,487.9 | 3,148.2 | 2,888.3 | 3,142.7 |
| Shareholders' Equity - Attributable to Parent Shareholders - Total | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Total Non-Current Assets | 3,209.7 | 3,239.1 | 3,392.2 | 3,193.2 | 3,363.9 | 3,544.5 | 3,735.0 | 2,481.7 | 2,607.7 | 2,640.3 |
| Common Equity Attributable to Parent Shareholders | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Common Equity - Contributed | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 |
| Common Stock - Issued & Paid | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 | 792.6 |
| Equity - Non-Contributed - Reserves & Retained Earnings | (1,748.8) | (1,438.2) | (1,249.0) | (965.9) | (646.4) | (424.6) | (215.8) | (1,137.4) | (822.0) | (885.0) |
| Retained Earnings - Total | (2,802.2) | (2,548.8) | (2,420.2) | (2,201.3) | (1,949.6) | (1,799.6) | (1,666.9) | (1,639.8) | (1,345.6) | (1,430.7) |
| Trade Accounts Payable & Accruals - Short-Term | 2,300.8 | 2,188.9 | 2,450.3 | 2,464.8 | 2,449.8 | 2,439.8 | 2,449.3 | 2,363.1 | 2,146.3 | 2,198.7 |
| Comprehensive Income - Accumulated - Total | 1,053.4 | 1,110.7 | 1,171.2 | 1,235.3 | 1,303.2 | 1,375.1 | 1,451.1 | 502.4 | 523.6 | 545.7 |
| Trade Accounts & Trade Notes Payable - Short-Term | 2,300.8 | 2,188.9 | 2,450.3 | 2,464.8 | 2,449.8 | 2,439.8 | 2,449.3 | 2,363.1 | 2,146.3 | 2,198.7 |
| Income Taxes - Payable - Short-Term | 4.0 | — | — | — | 0.0 | 0.9 | 1.9 | 1.5 | — | — |
| Other Current Liabilities - Total | 698.2 | 567.7 | 393.9 | 364.3 | 290.9 | 355.8 | 288.8 | 226.7 | 184.5 | 142.2 |
| Common Equity - Total | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Total Shareholders' Equity - including Minority Interest & Hybrid Debt | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Total Liabilities & Equity | 3,295.6 | 3,331.6 | 3,542.6 | 3,490.1 | 3,654.7 | 3,826.1 | 4,064.8 | 2,803.4 | 2,858.9 | 3,050.3 |
| Other Current Liabilities | 698.2 | 567.7 | 393.9 | 364.3 | 290.9 | 355.8 | 288.8 | 226.7 | 184.5 | 142.2 |
| Revaluation Reserves | 1,053.4 | 1,110.7 | 1,171.2 | 1,235.3 | 1,303.2 | 1,375.1 | 1,451.1 | 502.4 | 523.6 | 545.7 |
| Total Current Liabilities | 3,037.0 | 2,786.6 | 2,874.1 | 3,120.9 | 3,032.5 | 3,220.0 | 3,162.5 | 3,013.8 | 2,753.9 | 2,758.4 |
| Other Non-Current Liabilities - Total | 136.0 | 223.1 | 255.8 | 170.1 | 8.7 | 7.7 | 7.0 | 6.0 | 4.9 | 4.3 |
| Provisions - Long-Term | — | — | — | — | 8.7 | 7.7 | 7.0 | 6.0 | 4.9 | 4.3 |
| Post Employment Benefits - Pension & Other - Long-Term | — | — | — | — | 8.7 | 7.7 | 7.0 | 6.0 | 4.9 | 4.3 |
| Other Non-Current Liabilities | 136.0 | 223.1 | 255.8 | 170.1 | — | — | — | — | — | — |
| Total Non-Current Liabilities | 1,214.8 | 1,190.5 | 1,124.8 | 542.5 | 476.0 | 238.0 | 325.4 | 134.4 | 134.4 | 384.2 |
| Common Shares - Issued - Total mn | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 |
| Common Shares - Outstanding - Total mn | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 |
| Common Shares - Treasury - Total mn | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Common Shares - Authorized - Issue Specific mn | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| Common Shares - Issued - Issue Specific mn | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 |
| Common Shares - Outstanding - Issue Specific mn | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 | 79.3 |
| Common Shares - Treasury - Issue Specific mn | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Asset Allocation Factor - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Debt including Finance and Operating Lease Liabilities - Supplemental | 1,112.8 | 997.3 | 899.0 | 664.2 | 606.5 | 548.9 | 549.9 | 550.9 | 552.6 | 559.7 |
| Net Debt | 1,108.3 | 996.1 | 895.7 | 661.1 | 605.5 | 547.4 | 544.9 | 546.2 | 542.6 | 556.9 |
| Asset Accruals | 3,291.1 | 3,330.3 | 3,539.2 | 3,487.0 | 3,653.7 | 3,824.5 | 4,059.7 | 2,798.7 | 2,848.9 | 3,047.5 |
| Cash & Cash Equivalents - Total | 4.5 | 1.3 | 3.3 | 3.1 | 1.0 | 1.5 | 5.1 | 4.8 | 10.0 | 2.8 |
| Cash & Short Term Investments - Total | 4.5 | 1.3 | 3.3 | 3.1 | 1.0 | 1.5 | 5.1 | 4.8 | 10.0 | 2.8 |
| Debt - including Preferred Equity & Minority Interest - Total | 1,112.8 | 997.3 | 899.0 | 664.2 | 606.5 | 548.9 | 549.9 | 550.9 | 552.6 | 559.7 |
| Net Book Capital | 152.1 | 350.5 | 439.3 | 487.8 | 751.7 | 915.4 | 1,121.7 | 201.4 | 513.2 | 464.5 |
| Net Operating Assets | 152.1 | 350.5 | 439.3 | 487.8 | 751.7 | 915.4 | 1,121.7 | 201.4 | 513.2 | 464.5 |
| Provisions - Total | — | — | — | — | 161.2 | 112.6 | 198.0 | 6.0 | 4.9 | 242.1 |
| Shareholders Equity - Common | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Tangible Total Equity | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Tangible Book Value | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Total Book Capital | 156.5 | 351.8 | 442.6 | 490.9 | 752.7 | 916.9 | 1,126.8 | 206.2 | 523.2 | 467.3 |
| Total Capital | 156.5 | 351.8 | 442.6 | 490.9 | 752.7 | 916.9 | 1,126.8 | 206.2 | 523.2 | 467.3 |
| Total Long Term Capital | 258.6 | 545.0 | 668.5 | 369.2 | 622.2 | 606.0 | 902.2 | (210.4) | 105.0 | 291.9 |
| Book Value excluding Other Equity | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Income Taxes - Payable - Long-Term & Short-Term | 4.0 | — | — | — | 0.0 | 0.9 | 1.9 | 1.5 | — | — |
| Accruals - Short-Term | (2,955.6) | (2,695.5) | (2,727.1) | (2,827.0) | (2,742.7) | (2,940.0) | (2,837.8) | (2,696.8) | (2,512.7) | (2,351.2) |
| Cash & Short Term Investments - Net of Debt | (1,108.3) | (996.1) | (895.7) | (661.1) | (605.5) | (547.4) | (544.9) | (546.2) | (542.6) | (556.9) |
| Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments | 15.0 | 11.0 | 11.0 | 272.8 | 272.8 | 348.8 | 347.8 | 347.8 | 348.4 | 56.3 |
| Total Fixed Assets - Net | 3,209.7 | 3,239.1 | 3,392.2 | 3,193.2 | 3,363.9 | 3,544.5 | 3,735.0 | 2,481.7 | 2,607.7 | 2,640.3 |
| Working Capital | (2,951.1) | (2,694.2) | (2,723.7) | (2,824.0) | (2,741.7) | (2,938.5) | (2,832.8) | (2,692.1) | (2,502.7) | (2,348.4) |
| Interest Bearing Liabilities - Total | 1,112.8 | 997.3 | 899.0 | 664.2 | 606.5 | 548.9 | 549.9 | 550.9 | 552.6 | 559.7 |
| Working Capital - Non-Cash | (2,955.6) | (2,695.5) | (2,727.1) | (2,827.0) | (2,742.7) | (2,940.0) | (2,837.8) | (2,696.8) | (2,512.7) | (2,351.2) |
| Working Capital excluding Other Current Assets & Liabilities | (2,252.9) | (2,126.5) | (2,329.9) | (2,459.7) | (2,450.8) | (2,582.7) | (2,544.0) | (2,465.4) | (2,318.3) | (2,206.2) |
| Net Debt Including Preferred Equity & Minority Interest | 1,108.3 | 996.1 | 895.7 | 661.1 | 605.5 | 547.4 | 544.9 | 546.2 | 542.6 | 556.9 |
| Other Short-Term & Long-Term Assets - Total | — | — | 0.0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.3 |
| Other Short-Term & Long-Term Liabilities - Total | 834.2 | 790.8 | 649.6 | 534.4 | 290.9 | 355.8 | 288.8 | 226.7 | 184.5 | 142.2 |
| Total Current Assets excluding Total Inventories | 34.5 | 38.1 | 111.2 | 105.6 | 103.1 | 93.9 | 93.4 | 99.8 | 94.5 | 121.4 |
| Tangible Book Value excluding Other Equity | (956.2) | (645.5) | (456.4) | (173.3) | 146.2 | 368.0 | 576.9 | (344.8) | (29.4) | (92.4) |
| Total Debt Excluding Islamic | 1,112.8 | 997.3 | 899.0 | 664.2 | 606.5 | 548.9 | 549.9 | 550.9 | 552.6 | 559.7 |
| Trade Accounts & Trade Notes Receivable - Net - Total | — | — | — | — | — | — | — | — | 0.0 | 2.3 |
| Current Liabilities excluding Current Debt - Total | 3,003.0 | 2,756.6 | 2,844.2 | 2,829.1 | 2,740.7 | 2,796.5 | 2,740.0 | 2,591.3 | 2,330.8 | 2,340.9 |
| Cash in Hand & with Banks - Total | 4.5 | 1.3 | 3.3 | 3.1 | 1.0 | 1.5 | 5.1 | 4.8 | 10.0 | 2.8 |
| Current Assets excluding Cash & Short Term Investments - Total | 81.4 | 91.1 | 147.0 | 293.8 | 289.8 | 280.1 | 324.7 | 317.0 | 241.2 | 407.2 |
| Cash, Short Term Investments & Accounts Receivable - Total | — | — | — | — | — | — | — | — | 10.0 | 5.1 |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.