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Sugar & Allied Industries

SASML Sindh Abadgars Sugar Mills Limited

Latest results: FY2025 · Sep 2025

Last close · 16 Oct 2026

Rs 300.00 0.00%

Annual · FY2016 – FY2025

Sindh Abadgars Sugar Mills Limited (SASML) income statement

Sindh Abadgars Sugar Mills Limited reported revenue of Rs 6.2 bn for FY2025 (Oct 2024 – Sep 2025), up 7.5% on FY2024. Gross profit came to Rs 588.5 mn, a gross margin of 9.5%. Operating profit was Rs 399.3 mn (an operating margin of 6.4%). Finance cost was Rs 257.1 mn, down 54.7% on FY2024. Tax of Rs 4.3 mn took 3.0% of pre-tax profit. Profit attributable to shareholders was Rs 140.0 mn, or Rs 13.43 per share.

SASML income statement (annual) (Rs mn)
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 6,195.8 5,766.2 5,534.7 3,392.1 2,253.7 3,025.8 2,211.3 4,216.4 2,015.8 3,160.9
Cost of revenue (5,607.3) (5,482.5) (4,401.4) (3,100.0) (2,093.3) (2,940.4) (1,877.0) (3,867.2) (2,274.9) (3,015.5)
Gross profit 588.5 283.7 1,133.3 292.1 160.4 85.4 334.3 349.2 (259.2) 145.4
Selling, general & administrative expenses (189.3) (171.1) (151.1) (128.8) (121.0) (133.3) (109.7) (190.9) (126.1) (91.7)
Operating profit 399.3 112.6 982.2 163.3 39.4 (48.0) 224.7 158.3 (385.2) 53.7
Finance cost (257.1) (568.1) (381.7) (276.9) (160.7) (163.4) (197.3) (115.2) (133.7) (92.4)
Profit before tax 144.2 (500.4) 608.9 (13.5) (104.7) (166.1) 41.2 125.5 (454.9) 1.3
Taxation (4.3) 201.1 (235.6) (27.5) 24.6 0.8 8.5 (57.3) 54.3 (26.4)
Profit after tax 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Profit attributable to shareholders 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Per share & other
EPS – basic (Rs) Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS – diluted (Rs) Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
Dividend per share (Rs) Rs 2.00 0.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBITDA 646.8 270.8 1,147.4 339.2 204.6 179.5 478.0 342.7 (189.3) 203.5
Depreciation & amortisation 247.6 158.2 165.3 175.9 165.2 227.5 253.3 184.3 195.9 149.8
Weighted average shares mn 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4
SASML income statement — year-on-year change (Rs mn)
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 +7.5% +4.2% +63.2% +50.5% -25.5% +36.8% -47.6% +109.2% -36.2% —
Cost of revenue +2.3% +24.6% +42.0% +48.1% -28.8% +56.7% -51.5% +70.0% -24.6% —
Gross profit +107.5% -75.0% +288.0% +82.1% +87.9% -74.5% -4.3% — -278.3% —
Selling, general & administrative expenses +10.6% +13.2% +17.3% +6.5% -9.3% +21.6% -42.5% +51.4% +37.5% —
Operating profit +254.6% -88.5% +501.5% +314.3% — -121.3% +41.9% — -817.6% —
Finance cost -54.7% +48.8% +37.8% +72.3% -1.6% -17.2% +71.2% -13.8% +44.7% —
Profit before tax — -182.2% — — — -503.3% -67.2% — -34,720.3% —
Taxation — -185.4% +757.8% — — — -114.8% — -305.9% —
Profit after tax — -180.2% — — — -433.1% -27.2% — — —
Profit attributable to shareholders — -180.2% — — — -433.1% -27.2% — — —
Per share & other
EPS – basic (Rs) — -180.2% — — — -433.1% -27.2% — — —
EPS – diluted (Rs) — -180.2% — — — -433.1% -27.2% — — —
Dividend per share (Rs) — -100.0% — — — — — — — —
EBITDA +138.9% -76.4% +238.3% +65.8% +14.0% -62.4% +39.5% — -193.0% —
Depreciation & amortisation +56.5% -4.3% -6.0% +6.5% -27.4% -10.2% +37.4% -5.9% +30.8% —
Weighted average shares — — — — — — — — — —

Change against the previous fiscal year; shown when the earlier figure is positive.

SASML income statement — common size (Rs mn)
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 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (90.5%) (95.1%) (79.5%) (91.4%) (92.9%) (97.2%) (84.9%) (91.7%) (112.9%) (95.4%)
Gross profit 9.5% 4.9% 20.5% 8.6% 7.1% 2.8% 15.1% 8.3% (12.9%) 4.6%
Selling, general & administrative expenses (3.1%) (3.0%) (2.7%) (3.8%) (5.4%) (4.4%) (5.0%) (4.5%) (6.3%) (2.9%)
Operating profit 6.4% 2.0% 17.7% 4.8% 1.7% (1.6%) 10.2% 3.8% (19.1%) 1.7%
Finance cost (4.1%) (9.9%) (6.9%) (8.2%) (7.1%) (5.4%) (8.9%) (2.7%) (6.6%) (2.9%)
Profit before tax 2.3% (8.7%) 11.0% (0.4%) (4.6%) (5.5%) 1.9% 3.0% (22.6%) 0.0%
Taxation (0.1%) 3.5% (4.3%) (0.8%) 1.1% 0.0% 0.4% (1.4%) 2.7% (0.8%)
Profit after tax 2.3% (5.2%) 6.7% (1.2%) (3.6%) (5.5%) 2.2% 1.6% (19.9%) (0.8%)
Profit attributable to shareholders 2.3% (5.2%) 6.7% (1.2%) (3.6%) (5.5%) 2.2% 1.6% (19.9%) (0.8%)
Per share & other
EBITDA 10.4% 4.7% 20.7% 10.0% 9.1% 5.9% 21.6% 8.1% (9.4%) 6.4%
Depreciation & amortisation 4.0% 2.7% 3.0% 5.2% 7.3% 7.5% 11.5% 4.4% 9.7% 4.7%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 15 Oct 2026.

All reported line items 85
SASML income statement — all reported line items (Rs mn)
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 from Goods & Services 6,195.8 5,766.2 5,534.7 3,392.1 2,253.7 3,025.8 2,211.3 4,216.4 2,015.8 3,160.9
Sales of Goods & Services - Net - Unclassified 6,195.8 5,766.2 5,534.7 3,392.1 2,253.7 3,025.8 2,211.3 4,216.4 2,015.8 3,160.9
Revenue from Business Activities - Total 6,195.8 5,766.2 5,534.7 3,392.1 2,253.7 3,025.8 2,211.3 4,216.4 2,015.8 3,160.9
Cost of Operating Revenue 5,607.3 5,482.5 4,401.4 3,100.0 2,093.3 2,940.4 1,877.0 3,867.2 2,274.9 3,015.5
Cost of Revenues - Total 5,607.3 5,482.5 4,401.4 3,100.0 2,093.3 2,940.4 1,877.0 3,867.2 2,274.9 3,015.5
Cost of Revenues - Unclassified 5,384.4 5,340.1 4,252.6 2,941.7 1,944.7 2,735.7 1,649.0 3,701.3 2,098.6 2,880.7
Selling, General & Administrative Expenses - Total 189.3 171.1 151.1 128.8 121.0 133.3 109.7 190.9 126.1 91.7
Selling, General & Administrative Expenses - Unclassified 164.5 155.3 134.6 111.2 104.5 110.6 84.3 172.4 106.5 76.7
Depreciation in Cost of Revenues 222.8 142.4 148.8 158.3 148.7 204.7 228.0 165.9 176.3 134.8
Depreciation in Selling, General & Administrative Expenses 24.8 15.8 16.5 17.6 16.5 22.7 25.3 18.4 19.6 15.0
Gross Profit - Industrials/Property - Total 588.5 283.7 1,133.3 292.1 160.4 85.4 334.3 349.2 (259.2) 145.4
Operating Expenses - Total 5,796.5 5,653.6 4,552.5 3,228.8 2,214.3 3,073.7 1,986.6 4,058.0 2,401.0 3,107.2
Operating Profit before Non-Recurring Income/(Expense) 399.3 112.6 982.2 163.3 39.4 (48.0) 224.7 158.3 (385.2) 53.7
Financing Income/(Expense) - Net - Total (260.2) (572.8) (384.2) (279.8) (161.9) (165.0) (198.5) (116.1) (135.1) (93.0)
Interest Expense - Net of (Interest Income) 257.1 568.1 381.7 276.9 160.7 163.4 197.3 115.2 133.7 92.4
Interest Expense - Net of Capitalized Interest 257.1 568.1 381.7 276.9 160.7 163.4 197.3 115.2 133.7 92.4
Non-Interest Financial Income/(Expense) - Total (3.1) (4.6) (2.5) (2.9) (1.2) (1.6) (1.1) (0.9) (1.5) (0.6)
Non-Interest Financial Income/(Expense) - Other - Net (3.1) (4.6) (2.5) (2.9) (1.2) (1.6) (1.1) (0.9) (1.5) (0.6)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss — 1.8 1.7 6.7 0.6 — (0.1) 0.0 11.5 —
Other Non-Operating Income/(Expense) - Total 5.2 32.7 9.3 96.4 17.2 46.8 15.0 83.3 54.0 40.6
Normalized Pre-tax Profit 144.2 (425.6) 608.9 (13.5) (104.7) (166.1) 41.2 125.5 (454.9) 1.3
Non-Recurring Income/Expense - Total — (74.7) — — — — — — — —
Provision for Income Tax Expense- Unclassified 4.3 (201.1) 235.6 27.5 (24.6) (0.8) (8.5) 57.3 (54.3) 26.4
Income before Taxes 144.2 (500.4) 608.9 (13.5) (104.7) (166.1) 41.2 125.5 (454.9) 1.3
Income Taxes 4.3 (201.1) 235.6 27.5 (24.6) (0.8) (8.5) 57.3 (54.3) 26.4
Valuation of Inventory - Gain/(Loss) — (74.7) — — — — — — — —
Net Income after Tax 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Income before Discontinued Operations & Extraordinary Items 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Net Income before Minority Interest 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Net Income after Minority Interest 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Income Available to Common Shares 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
DPS - Common - Gross - Issue - By Period End Date Rs 2.00 0.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Income available to Common excluding Extraordinary Items 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Shares used to calculate Basic EPS - Total mn 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 13.43 (21.54) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 13.43 (21.54) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Diluted Income available to Common excluding Extraordinary Items 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Shares used to calculate Diluted EPS - Total mn 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 13.43 (21.54) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 140.0 (299.3) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4 10.4
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 13.43 (28.71) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 13.43 (21.54) 35.81 (3.93) (7.69) (15.87) 4.76 6.54 (38.43) (2.40)
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 1.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) 399.3 112.6 982.2 163.3 39.4 (48.0) 224.7 158.3 (385.2) 53.7
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 646.8 270.8 1,147.4 339.2 204.6 179.5 478.0 342.7 (189.3) 203.5
Depreciation & Amortization - Supplemental 247.6 158.2 165.3 175.9 165.2 227.5 253.3 184.3 195.9 149.8
Depreciation Expense - Total - Supplemental 247.6 158.2 165.3 175.9 165.2 227.5 253.3 184.3 195.9 149.8
Depreciation, Depletion & Amortization - Total 247.6 158.2 165.3 175.9 165.2 227.5 253.3 184.3 195.9 149.8
Depreciation - Total 247.6 158.2 165.3 175.9 165.2 227.5 253.3 184.3 195.9 149.8
Normalized after Tax Profit 140.0 (224.5) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Normalized Net Income from Continuing Operations 140.0 (224.5) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Normalized Net Income - Bottom Line 140.0 (224.5) 373.4 (40.9) (80.2) (165.4) 49.7 68.2 (400.6) (25.0)
Earnings before Interest & Taxes (EBIT) - Normalized 401.3 142.5 990.6 263.4 56.0 (2.8) 238.5 240.7 (321.2) 93.7
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 648.9 300.7 1,155.9 439.3 221.1 224.7 491.8 425.0 (125.3) 243.4
Interest Expense 257.1 568.1 381.7 276.9 160.7 163.4 197.3 115.2 133.7 92.4
Operating Expenses 5,796.5 5,653.6 4,552.5 3,228.8 2,214.3 3,073.7 1,986.6 4,058.0 2,401.0 3,107.2
Selling, General & Administrative Expenses excluding Research & Development Expenses 189.3 171.1 151.1 128.8 121.0 133.3 109.7 190.9 126.1 91.7
Income before Taxes & Provision for Loan Losses 144.2 (500.4) 608.9 (13.5) (104.7) (166.1) 41.2 125.5 (454.9) 1.3
Cost of Revenue including Operation & Maintenance (Utility) - Total 5,607.3 5,482.5 4,401.4 3,100.0 2,093.3 2,940.4 1,877.0 3,867.2 2,274.9 3,015.5
Cost of Revenues excluding Depreciation 5,384.4 5,340.1 4,252.6 2,941.7 1,944.7 2,735.7 1,649.0 3,701.3 2,098.6 2,880.7
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Tax Adjusted Operating Income 389.5 — 607.4 — — — 287.5 130.9 — (1,785.1)
Operating Expenses excluding Non-Cash Charges - Total 5,548.9 5,495.4 4,387.2 3,052.9 2,049.1 2,846.2 1,733.3 3,873.7 2,205.1 2,957.5
Income Available to Common Shares before Depreciation & Amortization 387.6 (141.1) 538.7 135.0 85.0 62.1 303.0 252.6 (204.7) 124.7
Fixed Charges 257.1 568.1 381.7 276.9 160.7 163.4 197.3 115.2 133.7 92.4
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29× 0.35× 0.30× 0.30× 0.31× 0.32×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 0.00 2.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

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.