JDW Sugar Mills Limited (PSX: JDWS) has released its condensed interim accounts for the nine‑month period ended 30 June 2025, and the numbers underline a challenging year for the country’s largest sugar producer.
Gross revenue fell 4% to Rs97.9 billion (9M‑FY24: Rs102.0 bn), while net sales after taxes and commissions eased to Rs84.7 bn from Rs89.4 bn – a 5% contraction that management attributes to a sharp correction in domestic sugar prices during the first half of the fiscal year.
As costs rose faster than sales, gross profit halved to Rs9.87 bn (9M‑FY24: Rs18.10 bn), pulling the gross margin down to 12% from 20 pc. The directors note that molasses realisations have also dipped 25% year‑on‑year, squeezing by‑product economics.
On the bottom line, profit after tax plunged 63% to Rs3.09 bn, translating into earnings per share of Rs53.39 versus Rs144.86 a year earlier. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
