DWSM Dewan Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 8.07 -5.94%
Financials
Dewan Sugar Mills Limited (DWSM) financials
19 years of annual results (FY2007 – FY2025), 67 quarters.
Dewan Sugar Mills Limited (DWSM) reported revenue of Rs 1.3 bn for FY2025 (Oct 2024 – Sep 2025), down 47.8% from FY2024.
It made a loss of Rs 572.4 mn attributable to shareholders (EPS Rs -6.25), a net margin of -44.1%.
No cash dividend was declared for FY2025.
Net debt stood at Rs 3.3 bn.
Over the last five years revenue grew at a compound -19.5% a year.
Fundamentals
DWSM at a glance
Revenue · FY2025
Rs 1.3 bn
▼ 47.8% year on year
Profit attributable to shareholders · FY2025
-Rs 572.4 mn
EPS – basic (Rs) · FY2025
Rs -6.25
Dividend per share (Rs) · FY2025
Rs 0.00
Net margin · FY2025
-44.1%
-19.6 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 1.3 bn
- Profit attributable · FY2025
- -Rs 572.4 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 7.9 bn
- Equity · FY2025
- -Rs 1.3 bn
Financial highlights
DWSM financial results
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,296.9 | 2,483.4 | 6,206.8 | 8,454.8 | 5,958.7 | 3,824.8 | 5,708.0 | 4,738.2 | 2,984.8 | 2,567.6 |
| Gross profit | (994.9) | (453.6) | (84.8) | (139.8) | (538.5) | (641.0) | (52.8) | (264.4) | (480.1) | (602.9) |
| Operating profit | (605.5) | (592.9) | (852.2) | (779.4) | (764.3) | (886.5) | (507.4) | (733.5) | (695.3) | (701.6) |
| Profit after tax | (572.4) | (608.9) | (863.7) | (758.8) | (795.1) | (886.3) | (546.9) | (787.8) | (755.9) | (695.9) |
| Profit attributable to shareholders | (572.4) | (608.9) | (863.7) | (758.8) | (795.1) | (886.3) | (546.9) | (787.8) | (755.9) | (695.9) |
| EPS – basic (Rs) Rs | (6.25) | (6.65) | (9.44) | (8.29) | (8.69) | (9.69) | (5.98) | (10.37) | (11.36) | (10.46) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 7,941.6 | 9,010.6 | 8,579.8 | 8,558.2 | 8,783.7 | 6,792.9 | 6,179.3 | 7,673.5 | 6,426.4 | 5,723.9 |
| Total equity | (1,263.9) | (661.4) | (1,298.0) | (557.9) | 586.3 | (352.1) | 534.3 | 1,077.9 | (69.2) | 1,195.8 |
| Total debt | 3,284.2 | 3,286.2 | 3,274.7 | 3,305.8 | 3,285.0 | 3,222.4 | 2,899.9 | 2,879.8 | 2,955.1 | 3,193.0 |
| Net cash from operating activities | 70.7 | 103.2 | 56.3 | 36.8 | 48.4 | 14.2 | 43.0 | 64.7 | 47.0 | (142.3) |
| Capital expenditure | (0.7) | (21.2) | (173.3) | (13.6) | (18.5) | (20.4) | (80.6) | (6.0) | (14.9) | (12.1) |
| Free cash flow (operating cash flow − capex) | 70.0 | 82.0 | (117.0) | 23.2 | 29.9 | (6.2) | (37.6) | 58.8 | 32.1 | (154.4) |
| Rs mn | 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 | 1,268.1 | 127.9 | 1,110.7 | 8.3 | 21.2 | 77.8 | 926.7 | 271.3 | 417.4 |
| Gross profit | (990.2) | (108.5) | (361.2) | (187.7) | (332.8) | (121.0) | (219.5) | (321.5) | (153.7) |
| Operating profit | (560.0) | (120.6) | (375.8) | (199.9) | 136.3 | (142.4) | (254.1) | (345.3) | (187.9) |
| Profit after tax | (540.6) | (113.0) | (380.2) | (189.8) | 142.4 | (123.9) | (257.9) | (333.1) | (191.7) |
| Profit attributable to shareholders | (540.6) | (113.0) | (380.2) | (189.8) | 142.4 | (123.9) | (257.9) | (333.1) | (191.7) |
| EPS – basic (Rs) Rs | (5.90) | (1.23) | (4.16) | (2.07) | 1.56 | (1.35) | (2.82) | (3.64) | (2.09) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 7,688.3 | 7,688.3 | 7,801.7 | 7,916.6 | 7,941.6 | 8,335.2 | 8,508.1 | 8,766.7 | 9,010.6 |
| Total equity | (1,945.5) | (1,945.5) | (1,833.0) | (1,453.3) | (1,263.9) | (1,406.4) | (1,282.5) | (994.5) | (661.4) |
| Total debt | 3,305.4 | 3,305.4 | 3,304.2 | 3,303.9 | 3,284.2 | 3,283.2 | 3,271.4 | 3,300.1 | 3,286.2 |
| Net cash from operating activities | 42.2 | 3.2 | 46.9 | (13.0) | 5.1 | (9.1) | 90.7 | (16.0) | (27.1) |
| Capital expenditure | — | 0.0 | (31.3) | 0.0 | — | 0.0 | (0.7) | 0.0 | (2.9) |
| Free cash flow (operating cash flow − capex) | — | 3.2 | 15.7 | (13.0) | — | (9.1) | 90.0 | (16.0) | (30.0) |
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.