Ansari Sugar Mills Limited (ANSM) quarterly income statement

Ansari Sugar Mills Limited reported revenue of Rs 2.9 mn for Q3 FY2026 (Apr – Jun 2026), down 98.7% on Q3 FY2025. Gross profit came to Rs 880,528, a gross margin of 30.7%. Operating profit was -Rs 17.7 mn (an operating margin of -615.8%). Finance cost was Rs 119.7 mn, down 24.4% on Q3 FY2025. The loss attributable to shareholders was Rs 129.3 mn, or Rs -2.30 per share.

ANSM income statement (quarterly) (Rs mn)
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	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Revenue	692.9	2.9	660.1	31.0	(1.1)	227.9	689.2	756.3	199.4	0.0	457.9	59.6	284.4	127.5	174.8	77.7	0.0	0.0	885.6	81.6	(0.0)
Cost of revenue	(813.0)	(2.0)	(516.1)	(22.2)	(272.7)	(164.1)	(442.4)	(511.8)	(124.7)	(3.4)	(318.5)	(57.1)	(185.7)	(105.7)	(129.5)	(81.5)	(12.4)	0.0	(621.8)	(83.3)	(0.9)
Gross profit	(120.1)	0.9	144.0	8.8	(273.8)	63.8	246.8	244.5	74.7	(3.4)	139.4	2.5	98.7	21.9	45.2	(3.8)	(12.4)	0.0	263.8	(1.7)	(0.9)
Selling, general & administrative expenses	(147.5)	(18.6)	(36.4)	(13.8)	(78.8)	(19.6)	(48.7)	(13.9)	(41.1)	(18.6)	(13.4)	(9.7)	(21.6)	(16.8)	(0.6)	(0.5)	(12.4)	(13.0)	(0.7)	(0.6)	(14.2)
Operating profit	(267.6)	(17.7)	107.6	(5.0)	(352.5)	44.2	198.1	230.6	33.6	(21.9)	126.0	(7.2)	77.1	5.1	33.6	(13.3)	(24.8)	(13.0)	242.6	(13.0)	(15.1)
Finance cost	(546.1)	(119.7)	(138.0)	(141.6)	(146.9)	(158.3)	(158.9)	(204.4)	(251.2)	(268.1)	(261.9)	(278.4)	(278.9)	(266.7)	(210.4)	(197.6)	(187.4)	(153.5)	(138.2)	(112.7)	(111.8)
Profit before tax	(541.2)	(130.6)	236.2	(146.7)	(500.2)	(72.0)	33.3	23.6	(219.6)	(290.0)	(135.9)	(285.6)	(201.8)	(261.6)	(176.7)	(211.0)	(212.1)	(166.5)	104.4	(125.7)	(126.9)
Taxation	(972.6)	1.3	(52.2)	11.7	(933.4)	5.0	8.1	36.0	(5.7)	11.7	9.8	56.4	24.1	32.6	17.2	42.5	31.6	29.1	16.8	30.6	(28.7)
Profit after tax	(1,513.8)	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Profit attributable to shareholders	(1,513.8)	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Per share & other
EPS – basic (Rs) Rs	(27.26)	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS – diluted (Rs) Rs	(27.26)	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EBITDA	(154.7)	3.3	139.8	27.6	(325.5)	70.8	224.2	257.2	50.0	(4.7)	147.6	12.5	151.2	16.8	45.3	(1.6)	(19.7)	(8.0)	262.1	6.5	(9.8)
Depreciation & amortisation	112.9	21.0	32.2	32.6	27.1	26.6	26.1	26.6	16.4	17.2	21.6	19.8	74.1	11.7	11.7	11.7	5.0	5.0	19.5	19.5	5.3
Weighted average shares mn	56.2	56.2	56.1	56.3	55.5	56.3	56.0	56.3	56.2	56.1	56.0	56.2	55.8	56.2	56.1	56.1	55.8	56.1	56.1	56.3	56.2

ANSM income statement — year-on-year change (Rs mn)
Rs mn	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	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Revenue	-98.7%	-4.2%	-95.9%	-100.6%	—	+50.5%	+1,169.0%	-29.9%	-100.0%	+162.0%	-23.3%	—	—	-80.3%	-4.8%	—	—	+236.4%	-42.5%	-100.0%
Cost of revenue	-98.8%	+16.7%	-95.7%	+118.6%	+4,789.6%	+38.9%	+796.4%	-32.8%	-96.8%	+145.9%	-29.9%	+1,401.8%	—	-79.2%	-2.2%	+1,214.7%	—	+248.5%	-13.1%	+153.7%
Gross profit	-98.6%	-41.7%	-96.4%	-466.5%	—	+77.1%	+9,669.3%	-24.3%	-115.3%	+208.1%	—	—	—	-82.8%	—	—	—	+211.0%	-103.7%	-581.6%
Selling, general & administrative expenses	-5.2%	-25.4%	-0.9%	+91.7%	+5.5%	+262.7%	+43.1%	+90.4%	+10.7%	+2,051.5%	+1,798.1%	+74.0%	+29.0%	-4.0%	-7.3%	-12.4%	+8.2%	-80.2%	-68.8%	+34.8%
Operating profit	-140.0%	-45.7%	-102.2%	-1,148.9%	—	+57.3%	—	-56.4%	-527.4%	+274.6%	—	—	—	-86.1%	—	—	—	+255.8%	-141.3%	—
Finance cost	-24.4%	-13.2%	-30.7%	-41.5%	-41.0%	-39.3%	-26.6%	-9.9%	+0.5%	+24.5%	+40.9%	+48.8%	+73.7%	+52.2%	+75.4%	+67.7%	+46.3%	+35.6%	+9.9%	+6.6%
Profit before tax	—	+610.2%	-720.7%	—	—	—	—	—	—	—	—	—	—	-269.3%	—	—	—	—	—	—
Taxation	—	—	—	+16,300.4%	—	—	—	—	—	—	—	—	—	—	—	-210.1%	—	—	—	—
Profit after tax	—	+344.5%	-326.3%	—	—	—	—	—	—	—	—	—	—	-231.6%	—	—	—	+2,392.4%	—	—
Profit attributable to shareholders	—	+344.5%	-326.3%	—	—	—	—	—	—	—	—	—	—	-231.6%	—	—	—	+2,392.4%	—	—
Per share & other
EPS – basic (Rs)	—	+343.2%	-326.4%	—	—	—	—	—	—	—	—	—	—	-231.5%	—	—	—	+2,300.0%	—	—
EPS – diluted (Rs)	—	+343.2%	-326.4%	—	—	—	—	—	—	—	—	—	—	-231.5%	—	—	—	+2,300.0%	—	—
EBITDA	-95.3%	-37.7%	-89.3%	-750.7%	—	+51.9%	+1,949.8%	-66.9%	-127.8%	+225.6%	—	—	—	-82.7%	-125.2%	—	—	+202.8%	-87.1%	—
Depreciation & amortisation	-20.9%	+23.2%	+22.8%	+64.9%	+54.1%	+20.9%	+34.4%	-77.8%	+47.9%	+84.8%	+69.0%	+1,376.1%	+132.4%	-40.0%	-40.0%	-6.0%	-6.0%	+6.2%	+6.2%	-6.2%
Weighted average shares	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Change against the same quarter a year earlier; shown when the earlier figure is positive.

ANSM income statement — common size (Rs mn)
Rs mn	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	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Revenue	100.0%	100.0%	100.0%	—	100.0%	100.0%	100.0%	100.0%	—	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	—	—	100.0%	100.0%	—
Cost of revenue	(69.3%)	(78.2%)	(71.7%)	—	(72.0%)	(64.2%)	(67.7%)	(62.5%)	—	(69.6%)	(95.8%)	(65.3%)	(82.8%)	(74.1%)	(104.8%)	—	—	(70.2%)	(102.1%)	—
Gross profit	30.7%	21.8%	28.3%	—	28.0%	35.8%	32.3%	37.5%	—	30.4%	4.2%	34.7%	17.2%	25.9%	(4.8%)	—	—	29.8%	(2.1%)	—
Selling, general & administrative expenses	(646.5%)	(5.5%)	(44.5%)	—	(8.6%)	(7.1%)	(1.8%)	(20.6%)	—	(2.9%)	(16.3%)	(7.6%)	(13.1%)	(0.4%)	(0.7%)	—	—	(0.1%)	(0.7%)	—
Operating profit	(615.8%)	16.3%	(16.2%)	—	19.4%	28.7%	30.5%	16.9%	—	27.5%	(12.1%)	27.1%	4.0%	19.2%	(17.2%)	—	—	27.4%	(16.0%)	—
Finance cost	(4,169.3%)	(20.9%)	(456.6%)	—	(69.4%)	(23.1%)	(27.0%)	(126.0%)	—	(57.2%)	(467.1%)	(98.1%)	(209.1%)	(120.4%)	(254.4%)	—	—	(15.6%)	(138.1%)	—
Profit before tax	(4,548.4%)	35.8%	(473.0%)	—	(31.6%)	4.8%	3.1%	(110.1%)	—	(29.7%)	(479.2%)	(71.0%)	(205.1%)	(101.1%)	(271.5%)	—	—	11.8%	(154.1%)	—
Taxation	45.4%	(7.9%)	37.6%	—	2.2%	1.2%	4.8%	(2.9%)	—	2.1%	94.7%	8.5%	25.6%	9.9%	54.6%	—	—	1.9%	37.5%	—
Profit after tax	(4,503.0%)	27.9%	(435.4%)	—	(29.4%)	6.0%	7.9%	(113.0%)	—	(27.5%)	(384.6%)	(62.5%)	(179.5%)	(91.3%)	(216.9%)	—	—	13.7%	(116.5%)	—
Profit attributable to shareholders	(4,503.0%)	27.9%	(435.4%)	—	(29.4%)	6.0%	7.9%	(113.0%)	—	(27.5%)	(384.6%)	(62.5%)	(179.5%)	(91.3%)	(216.9%)	—	—	13.7%	(116.5%)	—
Per share & other
EBITDA	116.5%	21.2%	89.1%	—	31.1%	32.5%	34.0%	25.1%	—	32.2%	21.1%	53.2%	13.2%	25.9%	(2.1%)	—	—	29.6%	7.9%	—
Depreciation & amortisation	732.3%	4.9%	105.2%	—	11.7%	3.8%	3.5%	8.2%	—	4.7%	33.2%	26.0%	9.1%	6.7%	15.1%	—	—	2.2%	23.9%	—

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.

All reported line items 73

ANSM income statement — all reported line items (Rs mn)
Rs mn	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	Q3 FY2024 Apr – Jun 2024	Q2 FY2024 Jan – Mar 2024	Q1 FY2024 Oct – Dec 2023	Q4 FY2023 Jul – Sep 2023	Q3 FY2023 Apr – Jun 2023	Q2 FY2023 Jan – Mar 2023	Q1 FY2023 Oct – Dec 2022	Q4 FY2022 Jul – Sep 2022	Q3 FY2022 Apr – Jun 2022	Q2 FY2022 Jan – Mar 2022	Q1 FY2022 Oct – Dec 2021	Q4 FY2021 Jul – Sep 2021
Revenue from Goods & Services	2.9	660.1	31.0	(1.1)	227.9	689.2	756.3	199.4	0.0	457.9	59.6	284.4	127.5	174.8	77.7	0.0	0.0	885.6	81.6	(0.0)
Sales of Goods & Services - Net - Unclassified	2.9	—	31.0	(1.1)	227.9	689.2	756.3	199.4	0.0	457.9	59.6	284.4	127.5	174.8	77.7	0.0	0.0	885.6	81.6	(0.0)
Revenue Taxes	—	118.8	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Revenue from Business Activities - Total	—	778.9	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue from Business Activities - Total	2.9	660.1	31.0	(1.1)	227.9	689.2	756.3	199.4	0.0	457.9	59.6	284.4	127.5	174.8	77.7	0.0	0.0	885.6	81.6	(0.0)
Cost of Operating Revenue	2.0	516.1	22.2	272.7	164.1	442.4	511.8	124.7	3.4	318.5	57.1	185.7	105.7	129.5	81.5	12.4	0.0	621.8	83.3	0.9
Cost of Revenues - Total	2.0	516.1	22.2	272.7	164.1	442.4	511.8	124.7	3.4	318.5	57.1	185.7	105.7	129.5	81.5	12.4	0.0	621.8	83.3	0.9
Selling, General & Administrative Expenses - Total	18.6	36.4	13.8	78.8	19.6	48.7	13.9	41.1	18.6	13.4	9.7	21.6	16.8	0.6	0.5	12.4	13.0	0.7	0.6	14.2
Other Operating Expense/(Income) - Net	—	—	0.0	0.0	—	—	—	—	—	—	(0.0)	0.0	—	11.0	9.1	(0.0)	—	20.5	10.8	—
Gross Profit - Industrials/Property - Total	0.9	144.0	8.8	(273.8)	63.8	246.8	244.5	74.7	(3.4)	139.4	2.5	98.7	21.9	45.2	(3.8)	(12.4)	0.0	263.8	(1.7)	(0.9)
Operating Expenses - Total	20.5	552.5	36.0	351.4	183.7	491.1	525.7	165.8	21.9	331.9	66.8	207.3	122.4	141.1	91.0	24.8	13.0	643.0	94.7	15.1
Operating Profit before Non-Recurring Income/(Expense)	(17.7)	107.6	(5.0)	(352.5)	44.2	198.1	230.6	33.6	(21.9)	126.0	(7.2)	77.1	5.1	33.6	(13.3)	(24.8)	(13.0)	242.6	(13.0)	(15.1)
Financing Income/(Expense) - Net - Total	(119.7)	(138.0)	(141.6)	(146.9)	(158.3)	(158.9)	(204.4)	(251.2)	(268.1)	(261.9)	(278.4)	(278.9)	(266.7)	(210.4)	(197.6)	(187.4)	(153.5)	(138.2)	(112.7)	(111.8)
Interest Expense - Net of (Interest Income)	119.7	138.0	141.6	146.9	158.3	158.9	204.4	251.2	268.1	261.9	278.4	278.9	266.7	210.4	197.6	187.4	153.5	138.2	112.7	111.8
Other Operating Expense	—	—	0.0	0.0	—	—	—	—	—	—	(0.0)	0.0	—	11.0	9.1	(0.0)	—	20.5	10.8	—
Interest Expense - Net of Capitalized Interest	119.7	138.0	141.6	146.9	158.3	158.9	204.4	251.2	268.1	261.9	278.4	278.9	266.7	210.4	197.6	187.4	153.5	138.2	112.7	111.8
Other Non-Operating Income/(Expense) - Total	6.8	266.6	(0.1)	(0.8)	42.1	(5.9)	(2.6)	(2.0)	—	—	—	—	(0.0)	(0.0)	—	—	—	—	—	—
Normalized Pre-tax Profit	(130.6)	236.2	(146.7)	(500.2)	(72.0)	33.3	23.6	(219.6)	(290.0)	(135.9)	(285.6)	(201.8)	(261.6)	(176.7)	(211.0)	(212.1)	(166.5)	104.4	(125.7)	(126.9)
Provision for Income Tax Expense- Unclassified	(1.3)	52.2	(11.7)	933.4	(5.0)	(8.1)	(36.0)	5.7	(11.7)	(9.8)	(56.4)	(24.1)	(32.6)	(17.2)	(42.5)	(31.6)	(29.1)	(16.8)	(30.6)	28.7
Income before Taxes	(130.6)	236.2	(146.7)	(500.2)	(72.0)	33.3	23.6	(219.6)	(290.0)	(135.9)	(285.6)	(201.8)	(261.6)	(176.7)	(211.0)	(212.1)	(166.5)	104.4	(125.7)	(126.9)
Income Taxes	(1.3)	52.2	(11.7)	933.4	(5.0)	(8.1)	(36.0)	5.7	(11.7)	(9.8)	(56.4)	(24.1)	(32.6)	(17.2)	(42.5)	(31.6)	(29.1)	(16.8)	(30.6)	28.7
Net Income after Tax	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Income before Discontinued Operations & Extraordinary Items	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Net Income before Minority Interest	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Net Income after Minority Interest	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Income Available to Common Shares	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Income available to Common excluding Extraordinary Items	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Shares used to calculate Basic EPS - Total mn	56.2	56.1	56.3	55.5	56.3	56.0	56.3	56.2	56.1	56.0	56.2	55.8	56.2	56.1	56.1	55.8	56.1	56.1	56.3	56.2
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Earnings Allocation Factor - Basic - Issue Specific	—	—	—	—	—	—	—	—	—	—	—	1.00×	1.00×	—	—	1.00×	1.00×	1.00×	1.00×	—
Shares used to calculate Basic EPS - Issue Specific mn	56.2	56.1	56.3	55.5	56.3	56.0	56.3	56.2	56.1	56.0	56.2	55.8	56.2	56.1	56.1	55.8	56.1	56.1	56.3	56.2
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
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	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	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Diluted Income available to Common excluding Extraordinary Items	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Shares used to calculate Diluted EPS - Total mn	56.2	56.1	56.3	55.5	56.3	56.0	56.3	56.2	56.1	56.0	56.2	55.8	56.2	56.1	56.1	55.8	56.1	56.1	56.3	56.2
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Earnings Allocation Factor - Diluted - Issue Specific	—	—	—	—	—	—	—	—	—	—	—	1.00×	1.00×	—	—	1.00×	1.00×	1.00×	1.00×	—
Shares used to calculate Diluted EPS - Issue Specific mn	56.2	56.1	56.3	55.5	56.3	56.0	56.3	56.2	56.1	56.0	56.2	55.8	56.2	56.1	56.1	55.8	56.1	56.1	56.3	56.2
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	(2.30)	3.28	(2.40)	(25.84)	(1.19)	0.74	1.06	(4.01)	(4.96)	(2.25)	(4.08)	(3.18)	(4.07)	(2.84)	(3.00)	(3.23)	(2.45)	2.16	(1.69)	(2.77)
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings before Interest & Taxes (EBIT)	(17.7)	107.6	(5.0)	(352.5)	44.2	198.1	230.6	33.6	(21.9)	126.0	(7.2)	77.1	5.1	33.6	(13.3)	(24.8)	(13.0)	242.6	(13.0)	(15.1)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	3.3	139.8	27.6	(325.5)	70.8	224.2	257.2	50.0	(4.7)	147.6	12.5	151.2	16.8	45.3	(1.6)	(19.7)	(8.0)	262.1	6.5	(9.8)
Depreciation, Depletion & Amortization - Total	21.0	32.2	32.6	27.1	26.6	26.1	26.6	16.4	17.2	21.6	19.8	74.1	11.7	11.7	11.7	5.0	5.0	19.5	19.5	5.3
Depreciation - Total	21.0	32.2	32.6	27.1	26.6	26.1	26.6	16.4	17.2	21.6	19.8	74.1	11.7	11.7	11.7	5.0	5.0	19.5	19.5	5.3
Amortization of Intangible Assets excluding Goodwill - Total	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Normalized after Tax Profit	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Normalized Net Income from Continuing Operations	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Normalized Net Income - Bottom Line	(129.3)	184.0	(135.0)	(1,433.5)	(67.0)	41.4	59.7	(225.3)	(278.4)	(126.1)	(229.2)	(177.8)	(229.0)	(159.5)	(168.5)	(180.6)	(137.4)	121.2	(95.1)	(155.5)
Earnings before Interest & Taxes (EBIT) - Normalized	(10.9)	374.2	(5.1)	(353.3)	86.3	192.2	228.0	31.6	(21.9)	126.0	(7.2)	77.1	5.1	33.6	(13.3)	(24.8)	(13.0)	242.6	(13.0)	(15.1)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	10.1	406.4	27.5	(326.2)	112.9	218.3	254.6	48.0	(4.7)	147.6	12.5	151.2	16.8	45.3	(1.6)	(19.7)	(8.0)	262.1	6.5	(9.8)
Interest Expense	119.7	138.0	141.6	146.9	158.3	158.9	204.4	251.2	268.1	261.9	278.4	278.9	266.7	210.4	197.6	187.4	153.5	138.2	112.7	111.8
Operating Expenses	20.5	552.5	36.0	351.4	183.7	491.1	525.7	165.8	21.9	331.9	66.8	207.3	122.4	141.1	91.0	24.8	13.0	643.0	94.7	15.1
Selling, General & Administrative Expenses excluding Research & Development Expenses	18.6	36.4	13.8	78.8	19.6	48.7	13.9	41.1	18.6	13.4	9.7	21.6	16.8	0.6	0.5	12.4	13.0	0.7	0.6	14.2
Income before Taxes & Provision for Loan Losses	(130.6)	236.2	(146.7)	(500.2)	(72.0)	33.3	23.6	(219.6)	(290.0)	(135.9)	(285.6)	(201.8)	(261.6)	(176.7)	(211.0)	(212.1)	(166.5)	104.4	(125.7)	(126.9)
Cost of Revenue including Operation & Maintenance (Utility) - Total	2.0	516.1	22.2	272.7	164.1	442.4	511.8	124.7	3.4	318.5	57.1	185.7	105.7	129.5	81.5	12.4	0.0	621.8	83.3	0.9
Cost of Revenues excluding Depreciation	2.0	516.1	22.2	272.7	164.1	442.4	511.8	124.7	3.4	318.5	57.1	185.7	105.7	129.5	81.5	12.4	0.0	621.8	83.3	0.9
Tax Adjusted Operating Income	—	291.6	—	—	—	239.3	575.7	—	—	—	—	—	—	—	—	—	—	281.7	—	—
Operating Expenses excluding Non-Cash Charges - Total	(0.5)	520.3	3.4	324.4	157.1	465.0	499.2	149.4	4.7	310.3	47.1	133.2	110.8	129.4	79.3	19.7	8.0	623.5	75.1	9.8
Income Available to Common Shares before Depreciation & Amortization	(108.2)	216.2	(102.4)	(1,406.5)	(40.4)	67.5	86.2	(208.9)	(261.1)	(104.5)	(209.4)	(103.7)	(217.3)	(147.8)	(156.8)	(175.5)	(132.4)	140.7	(75.6)	(150.2)
Fixed Charges	119.7	138.0	141.6	146.9	158.3	158.9	204.4	251.2	268.1	261.9	278.4	278.9	266.7	210.4	197.6	187.4	153.5	138.2	112.7	111.8
Estimated Tax Rate	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×	0.29×

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