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Sugar & Allied Industries

HWQS Haseeb Waqas Sugar Mills Limited

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

Watch HWQS · free results alerts

Last close · 16 Oct 2026

Rs 18.61 +3.27%

Quarterly · Q4 FY2021 – Q3 FY2026

Haseeb Waqas Sugar Mills Limited (HWQS) quarterly balance sheet

HWQS balance sheet (quarterly) (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
Assets
Cash & short-term investments — 2.8 0.3 2.7 11.3 0.0 2.4 8.6
Inventories — 56.4 56.4 56.4 56.4 56.4 56.4 56.4
Other current assets — — — — — (0.0) — —
Total current assets — 158.0 102.7 162.5 127.7 115.9 104.4 110.4
Property, plant & equipment — 5,462.0 5,526.0 5,590.4 5,660.4 5,728.2 5,795.6 5,863.6
Other non-current assets — 98.5 98.5 98.5 112.5 112.5 112.5 112.5
Total non-current assets — 5,560.5 5,624.5 5,688.9 5,772.9 5,840.6 5,908.1 5,976.1
Total assets — 5,718.5 5,727.2 5,851.3 5,900.6 5,956.5 6,012.5 6,086.5
Liabilities
Trade payables — 828.5 769.7 829.0 807.9 809.5 764.7 796.3
Short-term borrowings & current portion of debt — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Total current liabilities — 4,134.0 4,105.7 4,133.7 4,112.3 4,113.9 4,099.7 4,100.7
Long-term debt — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other non-current liabilities — 170.7 17.7 170.7 147.7 147.8 17.7 147.7
Total non-current liabilities — 1,409.0 1,251.7 1,435.6 1,411.3 1,448.3 1,382.3 1,483.2
Total liabilities — 5,543.0 5,357.5 5,569.3 5,523.6 5,562.2 5,482.0 5,583.9
Equity
Share capital — 324.0 324.0 324.0 324.0 324.0 324.0 324.0
Reserves & retained earnings — (148.5) 45.7 (41.9) 53.0 70.3 206.4 178.6
Equity attributable to shareholders — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Non-controlling interest — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total equity — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Total liabilities & equity — 5,718.5 5,727.2 5,851.3 5,900.6 5,956.5 6,012.5 6,086.5
Key figures
Total debt — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Net debt / (net cash) — 2,117.5 2,120.1 2,116.9 2,107.9 2,119.2 2,116.9 2,110.6
Shares outstanding mn — 32.4 32.4 32.4 32.4 32.4 32.4 32.4
Common equity — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Book value per share (Rs) Rs — 5.42 11.41 8.71 11.64 12.17 16.37 15.51
HWQS balance sheet — 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
Assets
Cash & short-term investments — +6,578.7% -89.3% -69.2% +80.3% -96.9% +80.6% +337.8%
Inventories — -0.0% 0.0% 0.0% -10.3% -10.3% -10.2% -8.0%
Other current assets — — — — — — — —
Total current assets — +36.3% -1.6% +47.1% -6.6% -16.1% -9.3% +2.8%
Property, plant & equipment — -4.6% -4.7% -4.7% -4.7% -4.7% -4.7% -4.7%
Other non-current assets — -12.4% -12.4% -12.4% +23,829.8% +22,853.1% +22,853.1% +22,853.1%
Total non-current assets — -4.8% -4.8% -4.8% -2.8% -2.8% -2.8% -2.9%
Total assets — -4.0% -4.7% -3.9% -2.9% -3.1% -3.0% -2.8%
Liabilities
Trade payables — +2.4% +0.6% +4.1% +1.9% -2.1% -7.2% -5.4%
Short-term borrowings & current portion of debt — +0.1% +0.1% +0.0% +0.0% +0.0% +3.8% +3.9%
Total current liabilities — +0.5% +0.1% +0.8% -0.4% -0.4% +0.4% +0.8%
Long-term debt — — — — — — — —
Other non-current liabilities — +15.5% +0.0% +15.6% +729.7% +733.7% 0.0% +733.3%
Total non-current liabilities — -2.7% -9.4% -3.2% +3.6% -1.3% -1.9% +4.0%
Total liabilities — -0.3% -2.3% -0.3% +0.6% -0.6% -0.1% +1.6%
Equity
Share capital — 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings — -311.2% -77.8% -123.5% -79.7% -68.8% -45.9% -59.6%
Equity attributable to shareholders — -55.5% -30.3% -43.9% -35.6% -28.3% -24.8% -34.4%
Non-controlling interest — — — — — — — —
Total equity — -55.5% -30.3% -43.9% -35.6% -28.3% -24.8% -34.4%
Total liabilities & equity — -4.0% -4.7% -3.9% -2.9% -3.1% -3.0% -2.8%
Key figures
Total debt — +0.1% +0.1% +0.0% +0.0% +0.0% +3.8% +3.9%
Net debt / (net cash) — -0.1% +0.2% +0.3% -0.2% +0.1% +3.7% +3.5%
Shares outstanding — — — — — — — —
Common equity — -55.5% -30.3% -43.9% -35.6% -28.3% -24.8% -34.4%
Book value per share (Rs) — -55.5% -30.3% -43.9% -35.6% -28.3% -24.8% -34.4%

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

HWQS balance sheet — 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
Assets
Cash & short-term investments — 0.0% 0.0% 0.0% 0.2% 0.0% 0.0% 0.1%
Inventories — 1.0% 1.0% 1.0% 1.0% 0.9% 0.9% 0.9%
Other current assets — — — — — (0.0%) — —
Total current assets — 2.8% 1.8% 2.8% 2.2% 1.9% 1.7% 1.8%
Property, plant & equipment — 95.5% 96.5% 95.5% 95.9% 96.2% 96.4% 96.3%
Other non-current assets — 1.7% 1.7% 1.7% 1.9% 1.9% 1.9% 1.8%
Total non-current assets — 97.2% 98.2% 97.2% 97.8% 98.1% 98.3% 98.2%
Total assets — 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables — 14.5% 13.4% 14.2% 13.7% 13.6% 12.7% 13.1%
Short-term borrowings & current portion of debt — 37.1% 37.0% 36.2% 35.9% 35.6% 35.2% 34.8%
Total current liabilities — 72.3% 71.7% 70.6% 69.7% 69.1% 68.2% 67.4%
Long-term debt — 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Other non-current liabilities — 3.0% 0.3% 2.9% 2.5% 2.5% 0.3% 2.4%
Total non-current liabilities — 24.6% 21.9% 24.5% 23.9% 24.3% 23.0% 24.4%
Total liabilities — 96.9% 93.5% 95.2% 93.6% 93.4% 91.2% 91.7%
Equity
Share capital — 5.7% 5.7% 5.5% 5.5% 5.4% 5.4% 5.3%
Reserves & retained earnings — (2.6%) 0.8% (0.7%) 0.9% 1.2% 3.4% 2.9%
Equity attributable to shareholders — 3.1% 6.5% 4.8% 6.4% 6.6% 8.8% 8.3%
Non-controlling interest — 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity — 3.1% 6.5% 4.8% 6.4% 6.6% 8.8% 8.3%
Total liabilities & equity — 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt — 37.1% 37.0% 36.2% 35.9% 35.6% 35.2% 34.8%
Net debt / (net cash) — 37.0% 37.0% 36.2% 35.7% 35.6% 35.2% 34.7%
Common equity — 3.1% 6.5% 4.8% 6.4% 6.6% 8.8% 8.3%

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. Updated 16 Oct 2026.

All reported line items 98
HWQS balance sheet — 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
Cash & Cash Equivalents — 2.8 0.3 2.7 11.3 0.0 2.4 8.6
Cash & Short Term Investments — 2.8 0.3 2.7 11.3 0.0 2.4 8.6
Inventories - Total — 56.4 56.4 56.4 56.4 56.4 56.4 56.4
Inventories - Raw Materials — 56.4 56.4 56.4 56.4 56.4 56.4 56.4
Inventories - Other - Total — 0.0 — 0.0 0.0 0.0 — 0.0
Prepaid Expenses - Short-Term — 98.7 46.1 103.4 59.9 59.4 45.6 45.4
Other Current Assets - Total — — — — — (0.0) — —
Property, Plant & Equipment - Net - Total — 5,462.0 5,526.0 5,590.4 5,660.4 5,728.2 5,795.6 5,863.6
Other Assets - Total — 98.5 98.5 98.5 112.5 112.5 112.5 112.5
Total Current Assets — 158.0 102.7 162.5 127.7 115.9 104.4 110.4
Total Assets — 5,718.5 5,727.2 5,851.3 5,900.6 5,956.5 6,012.5 6,086.5
Debt - Total — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Short-Term Debt & Current Portion of Long-Term Debt — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Current Portion of Long-Term Debt including Capitalized Leases — 1,367.2 1,367.2 1,367.2 1,367.2 1,367.2 1,367.2 1,367.2
Capitalized Leases - Current Portion — 27.2 — 27.2 — — — 27.2
Short-Term Debt & Notes Payable — 753.1 753.2 752.4 752.1 752.1 752.1 752.1
Debt - Long-Term - Total — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Current Portion of Long-Term Debt excluding Capitalized Leases — 1,340.0 — 1,340.0 — — — 1,340.0
Capitalized Lease Obligations - Long-Term — — 0.0 — — — 0.0 —
Long-Term Debt excluding Capitalized Leases — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Non-Current Assets - Total — 98.5 98.5 98.5 112.5 112.5 112.5 112.5
Debt - Non-Convertible - Long-Term — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Dividends Payable — 1.4 1.4 1.4 1.4 1.4 1.4 1.4
Deferred Tax & Investment Tax Credits - Long-Term — 1,238.3 1,234.0 1,264.9 1,263.6 1,300.5 1,364.6 1,335.5
Deferred Charges - Long-Term — 98.0 98.0 98.0 — 112.0 112.0 112.0
Deferred Tax - Liability - Long-Term — 1,238.3 1,234.0 1,264.9 1,263.6 1,300.5 1,364.6 1,335.5
Payables & Accrued Expenses — 828.5 769.7 829.0 807.9 809.5 764.7 796.3
Trade Account Payables - Total — 828.5 769.7 829.0 807.9 809.5 764.7 796.3
Other Non-Current Assets — 0.5 0.5 0.5 112.5 0.5 0.5 0.5
Total Liabilities — 5,543.0 5,357.5 5,569.3 5,523.6 5,562.2 5,482.0 5,583.9
Shareholders' Equity - Attributable to Parent Shareholders - Total — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Total Non-Current Assets — 5,560.5 5,624.5 5,688.9 5,772.9 5,840.6 5,908.1 5,976.1
Common Equity Attributable to Parent Shareholders — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Common Equity - Contributed — 324.0 324.0 324.0 324.0 324.0 324.0 324.0
Common Stock - Issued & Paid — 324.0 324.0 324.0 324.0 324.0 324.0 324.0
Equity - Non-Contributed - Reserves & Retained Earnings — (148.5) 45.7 (41.9) 53.0 70.3 206.4 178.6
Retained Earnings - Total — (5,734.5) (5,591.3) (5,719.7) (5,663.5) (5,663.4) (5,565.2) (5,629.7)
Trade Accounts Payable & Accruals - Short-Term — 828.5 769.7 829.0 807.9 809.5 764.7 796.3
Comprehensive Income - Accumulated - Total — 4,295.9 4,357.9 4,394.7 4,433.5 4,470.7 4,511.1 4,549.9
Trade Accounts & Trade Notes Payable - Short-Term — 828.5 769.7 829.0 807.9 809.5 764.7 796.3
Other Reserves/Equity - Total — 1,290.1 1,279.2 1,283.0 1,283.0 1,263.1 1,260.5 1,258.4
Income Taxes - Payable - Short-Term — — — — — — — —
Dividends/Distributions Payable — 1.4 1.4 1.4 1.4 1.4 1.4 1.4
Other Current Liabilities - Total — 1,183.7 1,214.3 1,183.7 1,183.7 1,183.7 1,214.3 1,183.7
Common Equity - Total — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Total Shareholders' Equity - including Minority Interest & Hybrid Debt — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Total Liabilities & Equity — 5,718.5 5,727.2 5,851.3 5,900.6 5,956.5 6,012.5 6,086.5
Other Current Liabilities — 1,183.7 1,214.3 1,183.7 1,183.7 1,183.7 1,214.3 1,183.7
Revaluation Reserves — 4,295.9 4,357.9 4,394.7 4,433.5 4,470.7 4,511.1 4,549.9
Total Current Liabilities — 4,134.0 4,105.7 4,133.7 4,112.3 4,113.9 4,099.7 4,100.7
Other Non-Current Liabilities - Total — 170.7 17.7 170.7 147.7 147.8 17.7 147.7
Provisions - Long-Term — 170.7 17.7 170.7 147.7 147.8 17.7 147.7
Post Employment Benefits - Pension & Other - Long-Term — 170.7 17.7 170.7 147.7 147.8 17.7 147.7
Other Non-Current Liabilities — — 0.0 — — — (0.0) —
Total Non-Current Liabilities — 1,409.0 1,251.7 1,435.6 1,411.3 1,448.3 1,382.3 1,483.2
Common Shares - Issued - Total mn — 32.4 32.4 32.4 32.4 32.4 32.4 32.4
Common Shares - Outstanding - Total mn — 32.4 32.4 32.4 32.4 32.4 32.4 32.4
Common Shares - Treasury - Total mn — 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn — 35.0 35.0 35.0 35.0 35.0 35.0 35.0
Common Shares - Issued - Issue Specific mn — 32.4 32.4 32.4 32.4 32.4 32.4 32.4
Common Shares - Outstanding - Issue Specific mn — 32.4 32.4 32.4 32.4 32.4 32.4 32.4
Common Shares - Treasury - Issue Specific mn — 0.0 0.0 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× 1.00× 1.00×
Finance and Operating Lease Liabilities - Total - Supplemental — 27.2 0.0 27.2 — — 0.0 27.2
Debt including Finance and Operating Lease Liabilities - Supplemental — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Net Debt — 2,117.5 2,120.1 2,116.9 2,107.9 2,119.2 2,116.9 2,110.6
Asset Accruals — 5,715.6 5,726.9 5,848.7 5,889.3 5,956.5 6,010.1 6,077.9
Cash & Cash Equivalents - Total — 2.8 0.3 2.7 11.3 0.0 2.4 8.6
Cash & Short Term Investments - Total — 2.8 0.3 2.7 11.3 0.0 2.4 8.6
Debt - including Preferred Equity & Minority Interest - Total — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Net Book Capital — 2,293.0 2,489.8 2,398.9 2,485.0 2,513.6 2,647.3 2,613.2
Net Operating Assets — 2,293.0 2,489.8 2,398.9 2,485.0 2,513.6 2,647.3 2,613.2
Provisions - Total — 1,409.0 1,251.7 1,435.6 1,411.3 1,448.3 1,382.3 1,483.2
Shareholders Equity - Common — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Tangible Total Equity — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Tangible Book Value — 175.5 369.7 282.1 377.0 394.3 530.4 502.6
Total Book Capital — 2,295.8 2,490.1 2,401.6 2,496.3 2,513.6 2,649.7 2,621.9
Total Capital — 2,295.8 2,490.1 2,401.6 2,496.3 2,513.6 2,649.7 2,621.9
Total Long Term Capital — 1,584.5 1,621.4 1,717.7 1,788.3 1,842.6 1,912.7 1,985.8
Book Value excluding Other Equity — (1,114.6) (909.4) (1,001.0) (906.0) (868.7) (730.1) (755.9)
Income Taxes - Payable - Long-Term & Short-Term — — — — — — — —
Accruals - Short-Term — (3,978.9) (4,003.3) (3,973.9) (3,995.9) (3,998.0) (3,997.7) (3,999.0)
Cash & Short Term Investments - Net of Debt — (2,117.5) (2,120.1) (2,116.9) (2,107.9) (2,119.2) (2,116.9) (2,110.6)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments — 1,367.2 1,367.2 1,367.2 1,367.2 1,367.2 1,367.2 1,367.2
Total Fixed Assets - Net — 5,560.5 5,624.5 5,688.9 5,772.9 5,840.6 5,908.1 5,976.1
Working Capital — (3,976.1) (4,003.0) (3,971.2) (3,984.6) (3,998.0) (3,995.4) (3,990.3)
Interest Bearing Liabilities - Total — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Working Capital - Non-Cash — (3,978.9) (4,003.3) (3,973.9) (3,995.9) (3,998.0) (3,997.7) (3,999.0)
Working Capital excluding Other Current Assets & Liabilities — (2,792.4) (2,788.8) (2,787.5) (2,800.9) (2,814.3) (2,781.1) (2,806.6)
Net Debt Including Preferred Equity & Minority Interest — 2,117.5 2,120.1 2,116.9 2,107.9 2,119.2 2,116.9 2,110.6
Other Short-Term & Long-Term Assets - Total — 98.5 98.5 98.5 112.5 112.5 112.5 112.5
Other Short-Term & Long-Term Liabilities - Total — 1,183.7 1,214.3 1,183.7 1,183.7 1,183.7 1,214.3 1,183.7
Total Current Assets excluding Total Inventories — 101.6 46.3 106.1 71.3 59.5 48.0 54.0
Tangible Book Value excluding Other Equity — (1,114.6) (909.4) (1,001.0) (906.0) (868.7) (730.1) (755.9)
Total Debt Excluding Islamic — 2,120.3 2,120.3 2,119.5 2,119.3 2,119.3 2,119.3 2,119.3
Current Liabilities excluding Current Debt - Total — 2,013.7 1,985.4 2,014.1 1,993.0 1,994.6 1,980.5 1,981.5
Cash in Hand & with Banks - Total — 2.8 0.3 2.7 11.3 0.0 2.4 8.6
Current Assets excluding Cash & Short Term Investments - Total — 155.1 102.5 159.8 116.4 115.8 102.0 101.8

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