Skip to content
Smart Money
Create free account Log in

Sugar & Allied Industries

ALNRS Al-Noor Sugar Mills Limited

Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026

Watch ALNRS · free results alerts

Last close · 16 Oct 2026

Rs 115.71 -0.01%

Annual · FY2006 – FY2025

Al-Noor Sugar Mills Limited (ALNRS) balance sheet

At the end of FY2025 (Oct 2024 – Sep 2025) Al-Noor Sugar Mills Limited had total assets of Rs 16.3 bn, down 10.4% on FY2024. Current assets of Rs 5.2 bn covered current liabilities of Rs 5.3 bn 0.98 times. Total debt was Rs 5.4 bn, net debt Rs 4.9 bn. Shareholders' equity was Rs 7.1 bn (Rs 349.23 per share), 43.9% of total assets.

ALNRS balance sheet (annual) (Rs bn)
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
Assets
Cash & short-term investments 0.5 0.5 0.3 0.3 0.2
Trade receivables 0.2 0.6 0.4 0.6 0.4
Inventories 3.8 5.1 4.9 3.9 2.4
Other current assets 0.0 0.0 0.0 0.0 0.0
Total current assets 5.2 7.0 6.3 5.4 3.5
Property, plant & equipment 9.1 9.4 9.7 4.9 4.9
Intangible assets 0.0 0.0 0.0 0.0 0.0
Long-term investments 1.9 1.8 2.2 0.9 0.7
Other non-current assets 0.0 0.0 0.0 0.0 0.0
Total non-current assets 11.1 11.2 11.9 5.9 5.6
Total assets 16.3 18.2 18.1 11.3 9.1
Liabilities
Trade payables 1.6 1.4 3.7 1.4 0.9
Short-term borrowings & current portion of debt 3.6 5.6 2.9 3.5 2.1
Total current liabilities 5.3 7.3 6.7 5.1 3.1
Long-term debt 1.8 1.7 1.8 2.2 2.0
Other non-current liabilities — — — — —
Total non-current liabilities 3.8 3.9 3.7 2.8 2.6
Total liabilities 9.2 11.2 10.4 7.8 5.7
Equity
Share capital 0.2 0.2 0.2 0.2 0.2
Reserves & retained earnings 6.9 6.8 7.5 3.3 3.2
Equity attributable to shareholders 7.1 7.0 7.7 3.5 3.4
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 7.1 7.0 7.7 3.5 3.4
Total liabilities & equity 16.3 18.2 18.1 11.3 9.1
Key figures
Total debt 5.4 7.3 4.7 5.7 4.1
Net debt / (net cash) 4.9 6.8 4.4 5.4 3.8
Shares outstanding mn 20.5 20.5 20.5 20.5 20.5
Common equity 7.1 7.0 7.7 3.5 3.4
Book value per share (Rs) Rs 349.23 343.00 375.31 169.22 167.13
ALNRS balance sheet — 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
Assets
Cash & short-term investments -10.1% +79.5% -16.0% +45.2% -40.2%
Trade receivables -66.4% +48.2% -29.1% +46.2% -15.3%
Inventories -25.0% +4.5% +25.9% +64.9% +47.2%
Other current assets -43.1% +12.2% +128.4% -31.5% -31.0%
Total current assets -25.3% +11.7% +15.6% +54.2% +16.1%
Property, plant & equipment -2.4% -3.2% +96.8% +1.4% -1.5%
Intangible assets +69.5% +80.8% -37.5% — -100.0%
Long-term investments +5.3% -15.2% +128.7% +29.5% -2.5%
Other non-current assets -0.5% -1.0% +0.5% +29.8% 0.0%
Total non-current assets -1.2% -5.4% +101.8% +5.1% -1.6%
Total assets -10.4% +0.5% +60.4% +24.1% +4.5%
Liabilities
Trade payables +12.5% -61.0% +157.3% +50.5% -30.2%
Short-term borrowings & current portion of debt -35.6% +94.8% -18.2% +68.5% +152.8%
Total current liabilities -27.5% +8.8% +32.9% +65.3% +37.6%
Long-term debt +3.2% -3.3% -19.3% +11.3% -25.6%
Other non-current liabilities — — — — —
Total non-current liabilities -0.3% +4.4% +34.0% +5.5% -18.5%
Total liabilities -18.1% +7.2% +33.3% +37.8% +4.5%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings +1.9% -8.8% +129.4% +1.3% +4.9%
Equity attributable to shareholders +1.8% -8.6% +121.8% +1.3% +4.6%
Non-controlling interest — — — — —
Total equity +1.8% -8.6% +121.8% +1.3% +4.6%
Total liabilities & equity -10.4% +0.5% +60.4% +24.1% +4.5%
Key figures
Total debt -26.3% +56.9% -18.7% +40.4% +16.1%
Net debt / (net cash) -27.5% +55.4% -18.8% +40.1% +23.1%
Shares outstanding — — — — —
Common equity +1.8% -8.6% +121.8% +1.3% +4.6%
Book value per share (Rs) +1.8% -8.6% +121.8% +1.3% +4.6%

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

ALNRS balance sheet — 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
Assets
Cash & short-term investments 2.8% 2.8% 1.6% 3.0% 2.5%
Trade receivables 1.2% 3.3% 2.2% 5.1% 4.3%
Inventories 23.6% 28.1% 27.1% 34.5% 26.0%
Other current assets 0.0% 0.1% 0.1% 0.0% 0.1%
Total current assets 32.0% 38.4% 34.6% 48.0% 38.6%
Property, plant & equipment 56.0% 51.4% 53.4% 43.6% 53.3%
Intangible assets 0.0% 0.0% 0.0% 0.0% 0.0%
Long-term investments 11.8% 10.1% 11.9% 8.4% 8.0%
Other non-current assets 0.0% 0.0% 0.0% 0.0% 0.0%
Total non-current assets 68.0% 61.6% 65.4% 52.0% 61.4%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 9.9% 7.8% 20.2% 12.6% 10.4%
Short-term borrowings & current portion of debt 22.0% 30.5% 15.8% 30.9% 22.8%
Total current liabilities 32.6% 40.2% 37.2% 44.9% 33.7%
Long-term debt 11.0% 9.6% 9.9% 19.7% 22.0%
Other non-current liabilities — — — — —
Total non-current liabilities 23.6% 21.2% 20.4% 24.4% 28.7%
Total liabilities 56.1% 61.4% 57.6% 69.3% 62.4%
Equity
Share capital 1.3% 1.1% 1.1% 1.8% 2.2%
Reserves & retained earnings 42.6% 37.5% 41.3% 28.9% 35.4%
Equity attributable to shareholders 43.9% 38.6% 42.4% 30.7% 37.6%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 43.9% 38.6% 42.4% 30.7% 37.6%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 33.0% 40.1% 25.7% 50.7% 44.8%
Net debt / (net cash) 30.2% 37.3% 24.1% 47.7% 42.2%
Common equity 43.9% 38.6% 42.4% 30.7% 37.6%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 178
ALNRS balance sheet — all reported line items (Rs bn)
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
Cash & Cash Equivalents 0.5 0.5 0.2 0.3 0.2
Cash & Short Term Investments 0.5 0.5 0.3 0.3 0.2
Short-Term Investments - Total 0.0 0.0 0.1 0.1 —
Loans & Receivables - Net - Short-Term 0.9 1.4 1.1 1.2 0.9
Loans & Receivables - Total 0.9 1.4 1.1 1.2 0.9
Trade Accounts & Trade Notes Receivable - Net 0.2 0.6 0.4 0.6 0.4
Loans - Short-Term 0.2 0.2 0.1 0.1 0.1
Income Tax - Receivables - Short-Term 0.5 0.4 0.3 0.3 0.2
Receivables - Other - Total 0.0 0.2 0.2 0.2 0.2
Inventories - Total 3.8 5.1 4.9 3.9 2.4
Inventories - Raw Materials 0.7 0.6 0.6 0.5 0.5
Inventories - Work in Progress — — — — —
Inventories - Finished Goods 3.2 4.5 4.3 3.4 1.9
Inventories - Other - Total — — — — —
Prepaid Expenses - Short-Term — — — — —
Investments - Total 1.9 1.8 2.3 1.0 0.7
Other Current Assets - Total 0.0 0.0 0.0 0.0 0.0
Property, Plant & Equipment - Net - Total 9.1 9.4 9.7 4.9 4.9
Property, Plant & Equipment - Gross - Total — — — — —
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total — — — — —
Other Current Assets 0.0 0.0 0.0 0.0 0.0
Other Assets - Total 0.0 0.0 0.0 0.0 0.0
Intangible Assets - Total - Net 0.0 0.0 0.0 0.0 0.0
Total Current Assets 5.2 7.0 6.3 5.4 3.5
Intangible Assets - excluding Goodwill - Net - Total 0.0 0.0 0.0 0.0 0.0
Investments - Long-Term 1.9 1.8 2.2 0.9 0.7
Investments - Available for Sale/Held to Maturity - Long-Term 1.9 1.8 2.2 0.9 0.7
Intangible Assets - Gross - Total — — — — —
Intangible Assets - excluding Goodwill - Gross — — — — —
Receivables & Loans - Long-Term 0.0 0.0 0.0 0.0 0.0
Intangible Assets - Accumulated Amortization & Impairment - Total — — — — —
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total — — — — —
Loans - Long-Term 0.0 0.0 0.0 0.0 0.0
Computer Software - Intangible Assets - Net — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 9.1 9.4 9.7 4.9 4.9
Land & Buildings - Net — — — — —
Land/Improvements - Net — — — — —
Buildings - Net — — — — —
Computer Software - Intangible Assets - Gross — — — — —
Plant, Machinery & Equipment - Net — — — — —
Transportation Equipment - Net — — — — —
Construction in Progress - Net — — — — —
Property, Plant & Equipment - Under Capital Lease - Net — — — — —
Right of Use Tangible Assets - Total - Net 0.0 0.0 0.0 0.0 0.0
Right of Use Tangible Assets - Capital/Finance Lease - Net 0.0 0.0 0.0 0.0 0.0
Property, Plant & Equipment - Other - Net 9.1 9.4 9.7 4.9 4.8
Computer Software - Intangible Assets - Accumulated Amortization & Impairment — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Gross — — — — —
Land & Buildings - Gross — — — — —
Land/Improvements - Gross — — — — —
Buildings - Gross — — — — —
Plant, Machinery & Equipment - Gross — — — — —
Transportation Equipment - Gross — — — — —
Construction in Progress - Gross — — — — —
Property, Plant & Equipment - Under Capital Lease - Gross — — — — —
Total Assets 16.3 18.2 18.1 11.3 9.1
Property, Plant & Equipment - Other - Gross — — — — —
Debt - Total 5.4 7.3 4.7 5.7 4.1
Short-Term Debt & Current Portion of Long-Term Debt 3.6 5.6 2.9 3.5 2.1
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total — — — — —
Land & Buildings - Accumulated Depreciation & Impairment — — — — —
Land/Improvements - Accumulated Depreciation & Impairment — — — — —
Buildings - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt including Capitalized Leases 0.6 0.5 0.9 0.8 0.7
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment — — — — —
Transportation Equipment - Accumulated Depreciation & Impairment — — — — —
Capitalized Leases - Current Portion 0.0 0.0 0.0 0.0 0.0
Short-Term Debt & Notes Payable 2.9 5.1 1.9 2.7 1.4
Debt - Long-Term - Total 1.8 1.7 1.8 2.2 2.0
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment — — — — —
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt excluding Capitalized Leases 0.6 0.5 0.9 0.8 0.7
Capitalized Lease Obligations - Long-Term — 0.0 0.0 0.0 0.0
Long-Term Debt excluding Capitalized Leases 1.8 1.7 1.8 2.2 2.0
Other Non-Current Assets - Total 0.0 0.0 0.0 0.0 0.0
Debt - Non-Convertible - Long-Term 1.8 1.7 1.8 2.2 2.0
Dividends Payable 0.0 0.0 0.0 0.0 0.0
Deferred Tax & Investment Tax Credits - Long-Term 2.0 2.1 1.9 0.5 0.6
Deferred Tax - Liability - Long-Term 2.0 2.1 1.9 0.5 0.6
Payables & Accrued Expenses 1.7 1.8 3.9 1.6 1.0
Trade Account Payables - Total 1.6 1.4 3.7 1.4 0.9
Other Non-Current Assets 0.0 0.0 0.0 0.0 0.0
Accrued Expenses 0.1 0.3 0.2 0.1 0.0
Total Liabilities 9.2 11.2 10.4 7.8 5.7
Shareholders' Equity - Attributable to Parent Shareholders - Total 7.1 7.0 7.7 3.5 3.4
Total Non-Current Assets 11.1 11.2 11.9 5.9 5.6
Common Equity Attributable to Parent Shareholders 7.1 7.0 7.7 3.5 3.4
Common Equity - Contributed 0.2 0.2 0.2 0.2 0.2
Common Stock - Issued & Paid 0.2 0.2 0.2 0.2 0.2
Equity - Non-Contributed - Reserves & Retained Earnings 6.9 6.8 7.5 3.3 3.2
Retained Earnings - Total 1.7 1.3 1.3 1.0 0.9
Trade Accounts Payable & Accruals - Short-Term 1.7 1.8 3.9 1.6 1.0
Comprehensive Income - Accumulated - Total 4.3 4.5 5.2 1.2 1.3
Trade Accounts & Trade Notes Payable - Short-Term 1.6 1.4 3.7 1.4 0.9
Investments - Unrealized Gain/Loss (0.0) (0.0) (0.0) (0.0) (0.0)
Accrued Expenses - Short-Term 0.1 0.3 0.2 0.1 0.0
Other Reserves/Equity - Total 1.0 1.0 1.0 1.0 1.0
Income Taxes - Payable - Short-Term — — — — —
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities - Total — — — — —
Common Equity - Total 7.1 7.0 7.7 3.5 3.4
Deferred Income - Short-Term — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 7.1 7.0 7.7 3.5 3.4
Total Liabilities & Equity 16.3 18.2 18.1 11.3 9.1
Other Current Liabilities — — — — —
Revaluation Reserves 4.3 4.5 5.2 1.2 1.3
Total Current Liabilities 5.3 7.3 6.7 5.1 3.1
Other Non-Current Liabilities - Total — — — — —
Provisions - Long-Term — — — — —
Post Employment Benefits - Pension & Other - Long-Term — — — — —
Other Non-Current Liabilities — — — — —
Total Non-Current Liabilities 3.8 3.9 3.7 2.8 2.6
Common Shares - Issued - Total mn 20.5 20.5 20.5 20.5 20.5
Common Shares - Outstanding - Total mn 20.5 20.5 20.5 20.5 20.5
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 50.0 50.0 50.0 50.0 50.0
Common Shares - Issued - Issue Specific mn 20.5 20.5 20.5 20.5 20.5
Common Shares - Outstanding - Issue Specific mn 20.5 20.5 20.5 20.5 20.5
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 0.0 0.0 0.0 0.0 0.0
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 0.0 0.0 0.0 0.0 0.0
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 9.1 9.4 9.7 4.9 4.8
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental 0.0 0.0 0.0 0.0 0.0
Debt including Finance and Operating Lease Liabilities - Supplemental 5.4 7.3 4.7 5.7 4.1
Net Debt 4.9 6.8 4.4 5.4 3.8
Islamic Debt - Long-Term & Short-Term — — — — —
Debt - Long-Term - Maturities - Total — — — — —
Debt - Long-Term - Maturities - within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 5 — — — — —
Debt - Long-Term - Maturities - Remaining — — — — —
Capital Lease Maturities - Total — — — — —
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Capital Lease Maturities - Due within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 6 & Beyond — — — — —
Capital Lease Maturities - Due in Year 5 — — — — —
Capital Lease Maturities - Remaining Maturities — — — — —
Capital Lease Maturities - Interest Costs — — — — —
Capital Lease Maturities - Due in 4-5 Years — — — — —
Capital Lease Maturities - Due in Year 6 & Beyond — — — — —
Asset Accruals 15.8 17.7 17.9 11.0 8.9
Cash & Cash Equivalents - Total 0.5 0.5 0.2 0.3 0.2
Cash & Short Term Investments - Total 0.5 0.5 0.3 0.3 0.2
Debt - including Preferred Equity & Minority Interest - Total 5.4 7.3 4.7 5.7 4.1
Investments - Permanent 1.9 1.8 2.2 0.9 0.7
Net Book Capital 12.1 13.8 12.1 8.8 7.3
Net Operating Assets 12.1 13.8 12.1 8.8 7.3
Provisions - Total 2.0 2.1 1.9 0.5 0.6
Shareholders Equity - Common 7.1 7.0 7.7 3.5 3.4
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental — — — — —
Tangible Total Equity 7.1 7.0 7.7 3.5 3.4
Tangible Book Value 7.1 7.0 7.7 3.5 3.4
Total Book Capital 12.5 14.3 12.3 9.2 7.5
Total Capital 12.5 14.3 12.3 9.2 7.5
Total Long Term Capital 11.0 10.9 11.4 6.2 6.0
Unearned Revenue - Total — — — — —
Book Value excluding Other Equity 6.1 6.0 6.7 2.5 2.4
Income Taxes - Payable - Long-Term & Short-Term — — — — —
Accruals - Short-Term (0.5) (0.8) (0.7) 0.1 0.2
Cash & Short Term Investments - Net of Debt (4.9) (6.8) (4.4) (5.4) (3.8)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.6 0.5 0.9 0.8 0.7
Total Fixed Assets - Net 11.1 11.2 11.8 5.9 5.6
Working Capital (0.1) (0.3) (0.5) 0.3 0.4
Interest Bearing Liabilities - Total 5.4 7.3 4.7 5.7 4.1
Working Capital - Non-Cash (0.5) (0.8) (0.8) 0.0 0.2
Working Capital excluding Other Current Assets & Liabilities (0.1) (0.3) (0.5) 0.3 0.4
Net Debt Including Preferred Equity & Minority Interest 4.9 6.8 4.4 5.4 3.8
Other Short-Term & Long-Term Assets - Total 0.0 0.0 0.0 0.0 0.0
Other Short-Term & Long-Term Liabilities - Total — — — — —
Total Current Assets excluding Total Inventories 1.4 1.9 1.4 1.5 1.1
Tangible Book Value excluding Other Equity 6.1 6.0 6.7 2.5 2.4
Total Debt Excluding Islamic 5.4 7.3 4.7 5.7 4.1
Trade Accounts & Trade Notes Receivable - Net - Total 0.2 0.6 0.4 0.6 0.4
Current Liabilities excluding Current Debt - Total 1.7 1.8 3.9 1.6 1.0
Cash in Hand & with Banks - Total 0.5 0.5 0.2 0.3 0.2
Current Assets excluding Cash & Short Term Investments - Total 4.8 6.5 6.0 5.1 3.3
Cash, Short Term Investments & Accounts Receivable - Total 0.7 1.1 0.7 0.9 0.6

Every line the company reported, in the original order and wording, without regrouping or signs changed.