JDWS JDW Sugar Mills Limited
Latest results: FY2025 · Sep 2025 Q3 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 871.09 +0.13%
Financials
JDW Sugar Mills Limited (JDWS) financials
20 years of annual results (FY2006 – FY2025), 80 quarters.
JDW Sugar Mills Limited (JDWS) reported revenue of Rs 135.1 bn for FY2025 (Oct 2024 – Sep 2025), up 3.4% from FY2024.
Profit attributable to shareholders was Rs 7.8 bn (EPS Rs 135.31), down 42.6%, a net margin of 5.8%.
It declared a dividend of Rs 45.00 per share for FY2025 and has paid a dividend in each of the last 5 years.
Net debt stood at Rs 35.1 bn.
Return on equity was 23.6%.
Over the last five years revenue grew at a compound 17.8% a year.
At Rs 871.09 (close on 16 Oct 2026) the shares trade at 5.4× earnings (TTM to Jun 2026) and 1.34× book value, with a dividend yield of 5.2%.
Fundamentals
JDWS at a glance
Revenue · FY2025
Rs 135.1 bn
▲ 3.4% year on year
Profit attributable to shareholders · FY2025
Rs 7.8 bn
▼ 42.6% year on year
EPS – basic (Rs) · FY2025
Rs 135.31
▼ 42.6% year on year
Dividend per share (Rs) · FY2025
Rs 45.00
▼ 10.0% year on year
Net margin · FY2025
5.8%
-4.5 pts year on year
Debt to equity · FY2025
100.6%
-32.9 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 135.1 bn
- Profit attributable · FY2025
- Rs 7.8 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 85.3 bn
- Equity · FY2025
- Rs 35.6 bn
Financial highlights
JDWS financial results
| 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 | 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 | 135.1 | 130.6 | 90.8 | 69.1 | 65.3 | 59.4 | 60.9 | 44.5 | 51.8 | 45.4 |
| Gross profit | 19.5 | 28.5 | 13.7 | 10.9 | 11.6 | 8.5 | 7.1 | 3.3 | 5.4 | 8.2 |
| Operating profit | 14.8 | 24.4 | 10.7 | 8.0 | 6.0 | 6.6 | 5.7 | 1.9 | 4.1 | 5.4 |
| Profit after tax | 7.8 | 13.5 | 2.8 | 4.3 | 4.6 | 1.6 | 1.5 | (0.8) | 1.9 | 2.9 |
| Profit attributable to shareholders | 7.8 | 13.6 | 3.2 | 4.3 | 4.6 | 1.6 | 1.6 | (0.8) | 1.9 | 3.0 |
| EPS – basic (Rs) Rs | 135.31 | 235.63 | 54.62 | 72.28 | 77.16 | 26.17 | 26.33 | (12.68) | 31.05 | 49.20 |
| Dividend per share (Rs) Rs | 45.00 | 50.00 | 40.00 | 27.50 | 10.00 | 0.00 | 10.00 | 0.00 | 28.00 | 5.00 |
| Total assets | 85.3 | 83.4 | 58.9 | 56.2 | 41.1 | 46.6 | 54.4 | 67.2 | 49.3 | 37.9 |
| Total equity | 35.7 | 31.3 | 19.5 | 19.2 | 16.3 | 11.7 | 10.8 | 9.3 | 10.1 | 9.7 |
| Total debt | 35.9 | 41.7 | 15.6 | 28.7 | 20.4 | 25.9 | 28.6 | 43.8 | 27.7 | 18.1 |
| Net cash from operating activities | 27.0 | (15.1) | 19.3 | (5.0) | 7.5 | 5.9 | 16.8 | (13.7) | (4.6) | 7.7 |
| Capital expenditure | (18.3) | (6.4) | (2.1) | (1.3) | (0.7) | (0.5) | (1.6) | (2.7) | (3.5) | (2.3) |
| Free cash flow (operating cash flow − capex) | 8.7 | (21.6) | 17.2 | (6.3) | 6.8 | 5.4 | 15.2 | (16.4) | (8.1) | 5.4 |
| Rs bn | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 130.5 | 29.4 | 35.6 | 29.1 | 36.3 | 27.8 | 26.5 | 44.4 | 31.1 |
| Gross profit | 22.6 | 2.8 | 6.2 | 6.3 | 7.3 | 4.5 | 3.5 | 4.3 | 7.7 |
| Operating profit | 17.7 | 1.5 | 5.2 | 5.4 | 5.6 | 2.2 | 2.9 | 4.0 | 6.8 |
| Profit after tax | 9.4 | 0.1 | 1.7 | 3.2 | 4.4 | 0.7 | 1.1 | 1.6 | 4.8 |
| Profit attributable to shareholders | 9.4 | 0.1 | 1.7 | 3.2 | 4.4 | 0.7 | 1.1 | 1.6 | 4.9 |
| EPS – basic (Rs) Rs | 162.27 | 1.97 | 28.65 | 55.19 | 76.46 | 12.45 | 18.94 | 27.45 | 84.01 |
| Dividend per share (Rs) Rs | 50.00 | 0.00 | 5.00 | 20.00 | 25.00 | 0.00 | 20.00 | 0.00 | 30.00 |
| Total assets | 146.2 | 146.2 | 162.9 | 118.0 | 85.3 | 104.1 | 125.8 | 129.4 | 83.4 |
| Total equity | 37.7 | 37.7 | 39.1 | 38.8 | 35.7 | 32.3 | 31.5 | 32.2 | 31.3 |
| Total debt | 89.4 | 89.4 | 102.2 | 61.6 | 35.9 | 51.3 | 70.3 | 70.8 | 41.7 |
| Net cash from operating activities | (21.7) | 18.4 | (55.5) | (2.7) | 18.1 | 17.1 | (39.7) | 31.6 | 11.2 |
| Capital expenditure | (8.4) | (3.7) | (2.6) | (1.1) | (1.0) | (6.7) | (6.7) | (4.0) | (3.3) |
| Free cash flow (operating cash flow − capex) | (30.1) | 14.7 | (58.1) | (3.8) | 17.1 | 10.4 | (46.4) | 27.7 | 7.9 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.