NONS Noon Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 83.70 +1.21%
Financials
Noon Sugar Mills Limited (NONS) financials
14 years of annual results (FY2012 – FY2025), 47 quarters.
Noon Sugar Mills Limited (NONS) reported revenue of Rs 11.7 bn for FY2025 (Oct 2024 – Sep 2025), up 3.7% from FY2024.
Profit attributable to shareholders was Rs 670.9 mn (EPS Rs 40.62), a net margin of 5.7%.
It declared a dividend of Rs 4.00 per share for FY2025.
Net debt stood at Rs 4.2 bn.
Return on equity was 38.8%.
Over the last five years revenue grew at a compound 13.9% a year.
At Rs 83.70 (close on 16 Oct 2026) the shares trade at 4.5× earnings (TTM to Jun 2026) and 0.73× book value, with a dividend yield of 4.8%.
Fundamentals
NONS at a glance
Revenue · FY2025
Rs 11.7 bn
▲ 3.7% year on year
Profit attributable to shareholders · FY2025
Rs 670.9 mn
EPS – basic (Rs) · FY2025
Rs 40.62
Dividend per share (Rs) · FY2025
Rs 4.00
Net margin · FY2025
5.7%
+11.2 pts year on year
Debt to equity · FY2025
206.3%
-173.5 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 11.7 bn
- Profit attributable · FY2025
- Rs 670.9 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 8.5 bn
- Equity · FY2025
- Rs 2.1 bn
Financial highlights
NONS 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 | 11.7 | 11.3 | 9.3 | 12.0 | 9.2 | 6.1 | 5.7 | 6.3 | 4.8 | 2.6 |
| Gross profit | 1.5 | 1.1 | 1.9 | 1.6 | 1.0 | 1.0 | 0.9 | 0.7 | 0.6 | 0.2 |
| Operating profit | 0.8 | 0.5 | 1.1 | 0.8 | 0.6 | 0.6 | 0.6 | 0.5 | 0.3 | 0.1 |
| Profit after tax | 0.7 | (0.6) | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 0.0 |
| Profit attributable to shareholders | 0.7 | (0.6) | 0.4 | 0.5 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 0.0 |
| EPS – basic (Rs) Rs | 40.62 | (37.50) | 25.39 | 28.09 | 15.38 | 15.50 | 13.64 | 12.76 | 8.73 | 2.43 |
| Dividend per share (Rs) Rs | 4.00 | 0.00 | 4.00 | 4.00 | 3.50 | 3.50 | 3.00 | 2.60 | 3.50 | 1.00 |
| Total assets | 8.5 | 9.1 | 6.2 | 4.6 | 4.4 | 4.3 | 4.2 | 4.0 | 4.0 | 1.7 |
| Total equity | 2.1 | 1.4 | 2.1 | 1.7 | 1.3 | 1.1 | 0.9 | 0.7 | 0.6 | 0.5 |
| Total debt | 4.2 | 5.3 | 1.9 | 1.9 | 2.5 | 2.5 | 2.7 | 2.7 | 2.7 | 0.7 |
| Net cash from operating activities | 1.7 | (1.5) | 0.6 | 0.9 | 0.4 | 0.4 | 0.3 | 0.2 | (1.5) | (0.0) |
| Capital expenditure | (0.9) | (2.0) | (0.4) | (0.4) | (0.2) | (0.2) | (0.3) | (0.4) | (0.2) | (0.2) |
| Free cash flow (operating cash flow − capex) | 0.7 | (3.5) | 0.1 | 0.5 | 0.2 | 0.2 | 0.1 | (0.2) | (1.7) | (0.2) |
| 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 | 12.7 | 2.0 | 2.7 | 5.6 | 2.4 | 3.5 | 2.8 | 3.1 | 3.5 |
| Gross profit | 1.4 | 0.1 | 0.2 | 0.4 | 0.6 | 0.5 | 0.2 | 0.1 | (0.5) |
| Operating profit | 1.1 | 0.1 | 0.3 | 0.3 | 0.5 | 0.4 | 0.1 | 0.3 | (0.6) |
| Profit after tax | 0.3 | (0.2) | 0.0 | 0.1 | 0.4 | 0.1 | 0.0 | 0.1 | (0.9) |
| Profit attributable to shareholders | 0.3 | (0.2) | 0.0 | 0.1 | 0.4 | 0.1 | 0.0 | 0.1 | (0.9) |
| EPS – basic (Rs) Rs | 18.73 | (12.38) | 1.16 | 5.45 | 24.50 | 8.05 | 0.71 | 7.37 | (55.30) |
| Dividend per share (Rs) Rs | 4.00 | 0.00 | 0.00 | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 11.4 | 11.4 | 13.8 | 9.7 | 8.5 | 10.7 | 12.9 | 9.7 | 9.1 |
| Total equity | 1.9 | 1.9 | 2.1 | 2.1 | 2.1 | 1.7 | 1.5 | 1.5 | 1.4 |
| Total debt | 7.9 | 7.9 | 9.5 | 5.1 | 4.2 | 6.4 | 7.7 | 5.5 | 5.3 |
| Net cash from operating activities | (1.2) | 1.5 | (5.7) | 1.2 | 1.8 | 1.8 | (2.9) | 1.0 | 2.0 |
| Capital expenditure | — | (0.4) | — | (0.3) | (0.2) | (0.0) | (0.6) | (0.1) | (0.6) |
| Free cash flow (operating cash flow − capex) | — | 1.1 | — | 0.9 | 1.6 | 1.7 | (3.5) | 0.9 | 1.4 |
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.