HWQS Haseeb Waqas Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 18.61 +3.27%
Financials
Haseeb Waqas Sugar Mills Limited (HWQS) financials
20 years of annual results (FY2006 – FY2025), 80 quarters.
Haseeb Waqas Sugar Mills Limited (HWQS) reported revenue of Rs 0 for FY2025 (Oct 2024 – Sep 2025).
It made a loss of Rs 245.1 mn attributable to shareholders (EPS Rs -7.56).
No cash dividend was declared for FY2025.
Net debt stood at Rs 2.1 bn.
Return on equity was -62.5%.
At Rs 18.61 (close on 16 Oct 2026) the shares trade at 2.14× book value.
Fundamentals
HWQS at a glance
Revenue · FY2025
Rs 0
Profit attributable to shareholders · FY2025
-Rs 245.1 mn
EPS – basic (Rs) · FY2025
Rs -7.56
Dividend per share (Rs) · FY2025
Rs 0.00
Debt to equity · FY2025
751.5%
+329.8 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 0
- Profit attributable · FY2025
- -Rs 245.1 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 5.9 bn
- Equity · FY2025
- Rs 282.1 mn
Financial highlights
HWQS 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 250.8 | 847.3 | 879.4 |
| Gross profit | (300.3) | (348.6) | (305.0) | (150.8) | (160.0) | (168.4) | (187.5) | (340.2) | (395.6) | (565.9) |
| Operating profit | (315.6) | (370.4) | (352.7) | (30.0) | (171.6) | (180.6) | (211.3) | (397.8) | (456.4) | (610.1) |
| Profit after tax | (245.1) | (296.8) | (466.3) | (185.0) | (308.8) | (362.1) | (337.0) | (488.9) | (572.7) | (685.3) |
| Profit attributable to shareholders | (245.1) | (296.8) | (466.3) | (185.0) | (308.8) | (362.1) | (337.0) | (488.9) | (572.7) | (685.3) |
| EPS – basic (Rs) Rs | (7.56) | (9.16) | (14.39) | (5.71) | (9.53) | (11.18) | (10.40) | (15.09) | (17.68) | (21.15) |
| 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 | 5,851.3 | 6,086.5 | 6,260.0 | 2,929.9 | 3,083.9 | 3,270.5 | 3,447.1 | 3,673.3 | 4,162.9 | 4,212.0 |
| Total equity | 282.1 | 502.6 | 766.2 | (1,489.5) | (1,593.5) | (1,300.5) | (922.8) | (597.8) | (134.3) | 249.3 |
| Total debt | 2,119.5 | 2,119.3 | 2,040.4 | 2,023.6 | 2,308.7 | 2,308.7 | 2,309.7 | 2,321.8 | 2,238.2 | 2,223.4 |
| Net cash from operating activities | (30.8) | (105.5) | (111.7) | (3.1) | (0.2) | 0.9 | (1.0) | (121.0) | (72.3) | (111.8) |
| Capital expenditure | — | — | — | — | — | 0.0 | 0.0 | (0.2) | (138.7) | (237.7) |
| Free cash flow (operating cash flow − capex) | — | — | — | — | — | 0.9 | (1.0) | (121.2) | (211.0) | (349.6) |
| 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Gross profit | (286.2) | (65.8) | (65.9) | (65.9) | (88.6) | (70.3) | (69.9) | (71.6) | (94.5) |
| Operating profit | (300.0) | (66.6) | (70.4) | (69.4) | (93.6) | (74.2) | (72.7) | (75.1) | (103.9) |
| Profit after tax | (200.6) | (30.3) | (166.8) | 91.5 | (95.0) | (37.2) | (138.6) | 25.8 | (95.4) |
| Profit attributable to shareholders | (200.6) | (30.3) | (166.8) | 91.5 | (95.0) | (37.2) | (138.6) | 25.8 | (95.4) |
| EPS – basic (Rs) Rs | (6.20) | (0.94) | (5.15) | 2.82 | (2.94) | (1.15) | (4.28) | 0.80 | — |
| 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 | — | — | 5,718.5 | 5,727.2 | 5,851.3 | 5,900.6 | 5,956.5 | 6,012.5 | 6,086.5 |
| Total equity | — | — | 175.5 | 369.7 | 282.1 | 377.0 | 394.3 | 530.4 | 502.6 |
| Total debt | — | — | 2,120.3 | 2,120.3 | 2,119.5 | 2,119.3 | 2,119.3 | 2,119.3 | 2,119.3 |
| Net cash from operating activities | (18.0) | (1.3) | (9.1) | 1.4 | (9.0) | (8.6) | (4.9) | (8.3) | (10.2) |
| Capital expenditure | — | 0.0 | 0.0 | 0.0 | — | 0.0 | 0.0 | 0.0 | — |
| Free cash flow (operating cash flow − capex) | — | (1.3) | (9.1) | 1.4 | — | (8.6) | (4.9) | (8.3) | — |
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.