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Sugar & Allied Industries

MIRKS Mirpurkhas Sugar Mills Limited

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

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Last close · 16 Oct 2026

Rs 32.75 -0.27%

Annual · FY2006 – FY2025

Mirpurkhas Sugar Mills Limited (MIRKS) balance sheet

At the end of FY2025 (Oct 2024 – Sep 2025) Mirpurkhas Sugar Mills Limited had total assets of Rs 14.0 bn, up 1.6% on FY2024. Current assets of Rs 5.5 bn covered current liabilities of Rs 6.4 bn 0.87 times. Total debt was Rs 9.1 bn, net debt Rs 8.1 bn. Shareholders' equity was Rs 2.8 bn (Rs 42.14 per share), 20.0% of total assets.

MIRKS 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 1.1 0.5 0.1 0.0 0.2
Trade receivables 1.6 1.4 0.7 0.1 0.1
Inventories 2.3 3.0 3.1 1.7 1.2
Other current assets 0.0 0.0 0.1 0.0 0.0
Total current assets 5.5 5.5 4.6 2.4 2.1
Property, plant & equipment 6.8 6.6 6.8 5.8 3.5
Intangible assets — — — 0.0 0.0
Long-term investments 1.5 1.4 2.4 1.7 1.8
Other non-current assets 0.1 0.2 0.0 0.1 —
Total non-current assets 8.5 8.3 9.2 7.9 5.6
Total assets 14.0 13.8 13.8 10.2 7.7
Liabilities
Trade payables 0.9 1.4 1.0 0.6 0.6
Short-term borrowings & current portion of debt 5.1 6.2 5.2 2.6 2.2
Total current liabilities 6.4 8.0 6.7 3.4 2.8
Long-term debt 4.0 2.5 2.2 2.2 1.1
Other non-current liabilities 0.8 0.8 0.9 0.8 0.6
Total non-current liabilities 4.8 3.3 3.1 3.7 1.7
Total liabilities 11.2 11.3 9.7 7.1 4.5
Equity
Share capital 0.7 0.7 0.5 0.1 0.1
Reserves & retained earnings 2.1 1.8 3.6 3.0 3.1
Equity attributable to shareholders 2.8 2.5 4.1 3.1 3.2
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 2.8 2.5 4.1 3.1 3.2
Total liabilities & equity 14.0 13.8 13.8 10.2 7.7
Key figures
Total debt 9.1 8.7 7.4 4.8 3.3
Net debt / (net cash) 8.1 8.2 7.4 4.8 3.1
Shares outstanding mn 66.6 66.6 52.9 52.9 52.9
Common equity 2.8 2.5 4.1 3.1 3.2
Book value per share (Rs) Rs 42.14 37.52 77.39 58.84 61.01
MIRKS 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 +108.4% +691.2% +212.7% -89.1% -57.5%
Trade receivables +12.2% +113.0% +489.5% +85.4% -32.7%
Inventories -21.6% -5.4% +85.9% +41.2% +37.3%
Other current assets -78.9% -56.0% +2,381.9% -53.7% -31.9%
Total current assets +0.8% +19.8% +94.2% +10.6% +8.6%
Property, plant & equipment +3.0% -3.1% +18.4% +66.6% +32.5%
Intangible assets — — — -100.0% -64.0%
Long-term investments +5.3% -39.2% +39.1% -6.2% +1.7%
Other non-current assets -57.4% — -100.0% — —
Total non-current assets +2.1% -10.3% +17.5% +40.2% +27.4%
Total assets +1.6% -0.3% +35.2% +32.0% +21.6%
Liabilities
Trade payables -32.9% +41.7% +75.3% -0.0% -1.8%
Short-term borrowings & current portion of debt -17.3% +18.4% +102.2% +20.6% +74.3%
Total current liabilities -20.1% +19.7% +97.3% +21.7% +50.3%
Long-term debt +62.3% +12.5% -1.0% +93.4% +10.2%
Other non-current liabilities -3.1% -3.9% +13.4% +31.7% -6.3%
Total non-current liabilities +45.8% +7.9% -18.0% +114.7% +3.2%
Total liabilities -0.8% +16.0% +36.8% +57.4% +27.8%
Equity
Share capital 0.0% +43.0% +245.0% 0.0% 0.0%
Reserves & retained earnings +16.8% -49.5% +21.8% -3.7% +14.5%
Equity attributable to shareholders +12.3% -39.0% +31.5% -3.6% +13.8%
Non-controlling interest — — — — —
Total equity +12.3% -39.0% +31.5% -3.6% +13.8%
Total liabilities & equity +1.6% -0.3% +35.2% +32.0% +21.6%
Key figures
Total debt +5.4% +16.6% +54.6% +45.9% +44.9%
Net debt / (net cash) -1.2% +10.6% +53.9% +54.4% +70.7%
Shares outstanding — — — — —
Common equity +12.3% -39.0% +31.5% -3.6% +13.8%
Book value per share (Rs) +12.3% -51.5% +31.5% -3.6% +13.8%

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

MIRKS 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 7.8% 3.8% 0.5% 0.2% 2.5%
Trade receivables 11.4% 10.3% 4.8% 1.1% 0.8%
Inventories 16.7% 21.6% 22.8% 16.6% 15.5%
Other current assets 0.0% 0.2% 0.4% 0.0% 0.1%
Total current assets 39.6% 39.9% 33.2% 23.1% 27.6%
Property, plant & equipment 48.8% 48.1% 49.5% 56.5% 44.8%
Intangible assets — — — 0.0% 0.0%
Long-term investments 10.8% 10.4% 17.1% 16.6% 23.4%
Other non-current assets 0.6% 1.5% 0.0% 0.5% —
Total non-current assets 60.4% 60.1% 66.8% 76.9% 72.4%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 6.6% 10.0% 7.0% 5.4% 7.1%
Short-term borrowings & current portion of debt 36.7% 45.0% 37.9% 25.4% 27.8%
Total current liabilities 45.6% 57.9% 48.3% 33.1% 35.9%
Long-term debt 28.6% 17.9% 15.9% 21.7% 14.8%
Other non-current liabilities 5.8% 6.0% 6.3% 7.5% 7.5%
Total non-current liabilities 34.4% 24.0% 22.1% 36.5% 22.4%
Total liabilities 80.0% 81.9% 70.4% 69.6% 58.3%
Equity
Share capital 4.8% 4.8% 3.4% 1.3% 1.7%
Reserves & retained earnings 15.3% 13.3% 26.2% 29.1% 39.9%
Equity attributable to shareholders 20.0% 18.1% 29.6% 30.4% 41.7%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 20.0% 18.1% 29.6% 30.4% 41.7%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 65.3% 62.9% 53.8% 47.1% 42.6%
Net debt / (net cash) 57.5% 59.2% 53.3% 46.9% 40.1%
Common equity 20.0% 18.1% 29.6% 30.4% 41.7%

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 150
MIRKS 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 0.0 0.1 0.0 0.0 0.0
Cash & Short Term Investments 1.1 0.5 0.1 0.0 0.2
Short-Term Investments - Total 1.1 0.5 0.0 0.0 0.2
Loans & Receivables - Net - Short-Term 2.1 2.0 1.3 0.6 0.7
Loans & Receivables - Total 2.1 2.0 1.4 0.7 0.8
Trade Accounts & Trade Notes Receivable - Net 1.6 1.4 0.7 0.1 0.1
Loans - Short-Term 0.1 0.2 0.2 0.1 0.1
Income Tax - Receivables - Short-Term 0.2 0.2 0.2 0.2 0.2
Receivables - Other - Total 0.2 0.2 0.3 0.3 0.4
Inventories - Total 2.3 3.0 3.1 1.7 1.2
Inventories - Raw Materials 0.7 0.8 0.7 0.3 0.2
Inventories - Work in Progress — — — — —
Inventories - Finished Goods — — — — —
Inventories - Other - Total 1.6 2.2 2.4 1.4 1.0
Biological Assets - Short-Term — — 0.0 0.0 0.0
Prepaid Expenses - Short-Term — — — — —
Investments - Total 2.6 1.9 2.4 1.7 2.0
Other Current Assets - Total 0.0 0.0 0.1 0.0 0.0
Property, Plant & Equipment - Net - Total 6.8 6.6 6.8 5.8 3.5
Property, Plant & Equipment - Gross - Total — — — — —
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total — — — — —
Other Current Assets 0.0 0.0 0.1 0.0 0.0
Other Assets - Total 0.1 0.2 0.1 0.1 0.0
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries — — — — —
Intangible Assets - Total - Net — — — 0.0 0.0
Total Current Assets 5.5 5.5 4.6 2.4 2.1
Intangible Assets - excluding Goodwill - Net - Total — — — 0.0 0.0
Investments - Long-Term 1.5 1.4 2.4 1.7 1.8
Investments - Available for Sale/Held to Maturity - Long-Term 1.5 1.4 2.4 1.7 1.8
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
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total — — — — —
Intangible Assets - Other - Accumulated Amortization & Impairment — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Gross — — — — —
Land & Buildings - Gross — — — — —
Land/Improvements - Gross — — — — —
Buildings - Gross — — — — —
Plant, Machinery & Equipment - Gross — — — — —
Construction in Progress - Gross — — — — —
Total Assets 14.0 13.8 13.8 10.2 7.7
Debt - Total 9.1 8.7 7.4 4.8 3.3
Short-Term Debt & Current Portion of Long-Term Debt 5.1 6.2 5.2 2.6 2.2
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total — — — — —
Current Portion of Long-Term Debt including Capitalized Leases 0.4 0.4 0.5 0.4 0.4
Capitalized Leases - Current Portion 0.0 0.0 0.0 0.0 0.0
Short-Term Debt & Notes Payable 4.7 5.8 4.8 2.2 1.8
Debt - Long-Term - Total 4.0 2.5 2.2 2.2 1.1
Current Portion of Long-Term Debt excluding Capitalized Leases 0.4 0.4 0.5 0.4 0.3
Assets Held for Sale/Discontinued Operations - Long-Term — — 0.0 0.3 0.3
Capitalized Lease Obligations - Long-Term 0.0 0.0 0.0 0.0 0.0
Long-Term Debt excluding Capitalized Leases 4.0 2.5 2.2 2.2 1.1
Other Non-Current Assets - Total 0.1 0.2 0.0 0.1 —
Debt - Non-Convertible - Long-Term 4.0 2.5 2.2 2.2 1.1
Dividends Payable 0.0 0.0 0.0 0.0 0.0
Deferred Tax - Asset - Long-Term 0.1 0.2 0.0 0.1 —
Deferred Tax & Investment Tax Credits - Long-Term — — — 0.0 0.0
Deferred Tax - Liability - Long-Term — — — 0.0 0.0
Payables & Accrued Expenses 0.9 1.4 1.0 0.6 0.6
Trade Account Payables - Total 0.9 1.4 1.0 0.6 0.6
Accrued Expenses — — — — —
Liabilities Held for Sale/Discontinued Operations - Long-term & Short-Term — — 0.0 0.8 —
Total Liabilities 11.2 11.3 9.7 7.1 4.5
Shareholders' Equity - Attributable to Parent Shareholders - Total 2.8 2.5 4.1 3.1 3.2
Total Non-Current Assets 8.5 8.3 9.2 7.9 5.6
Common Equity Attributable to Parent Shareholders 2.8 2.5 4.1 3.1 3.2
Common Equity - Contributed 0.7 0.7 0.5 0.1 0.1
Common Stock - Issued & Paid 0.7 0.7 0.5 0.1 0.1
Equity - Non-Contributed - Reserves & Retained Earnings 2.1 1.8 3.6 3.0 3.1
Retained Earnings - Total 1.5 1.2 3.0 2.1 2.2
Trade Accounts Payable & Accruals - Short-Term 0.9 1.4 1.0 0.6 0.6
Comprehensive Income - Accumulated - Total 0.7 0.7 0.7 0.8 0.8
Trade Accounts & Trade Notes Payable - Short-Term 0.9 1.4 1.0 0.6 0.6
Investments - Unrealized Gain/Loss — — — — —
Accrued Expenses - Short-Term — — — — —
Income Taxes - Payable - Short-Term — — — — —
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities - Total 0.3 0.4 0.4 0.2 0.1
Common Equity - Total 2.8 2.5 4.1 3.1 3.2
Deferred Income - Short-Term 0.1 0.1 0.1 0.1 0.0
Security Deposits — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 2.8 2.5 4.1 3.1 3.2
Total Liabilities & Equity 14.0 13.8 13.8 10.2 7.7
Other Current Liabilities 0.3 0.3 0.4 0.2 0.0
Revaluation Reserves 0.7 0.7 0.7 0.8 0.8
Total Current Liabilities 6.4 8.0 6.7 3.4 2.8
Liabilities Held for Sale/Discontinued Operations - Long-Term — — 0.0 0.8 —
Other Non-Current Liabilities - Total 0.8 0.8 0.9 0.8 0.6
Deferred Revenue - Long-Term 0.1 0.2 0.2 0.3 0.1
Other Non-Current Liabilities 0.7 0.6 0.6 0.5 0.5
Total Non-Current Liabilities 4.8 3.3 3.1 3.7 1.7
Common Shares - Issued - Total mn 66.6 66.6 52.9 52.9 52.9
Common Shares - Outstanding - Total mn 66.6 66.6 52.9 52.9 52.9
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 150.0 150.0 170.4 587.7 587.7
Common Shares - Issued - Issue Specific mn 66.6 66.6 52.9 52.9 52.9
Common Shares - Outstanding - Issue Specific mn 66.6 66.6 52.9 52.9 52.9
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×
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 9.1 8.7 7.4 4.8 3.3
Net Debt 8.1 8.2 7.4 4.8 3.1
Debt - Long-Term - Maturities - Total — — — — —
Debt - Long-Term - Maturities - within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 5 — — — — —
Capital Lease Maturities - Total — — — — —
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Capital Lease Maturities - Due within 1 Year — — — — —
Capital Lease Maturities - Due in Year 5 — — — — —
Common Shares - Outstanding - Issue Specific - Current mn — — — — —
Capital Lease Maturities - Interest Costs — — — — —
Capital Lease Maturities - Due in 4-5 Years — — — — —
Asset Accruals 13.9 13.7 13.8 10.2 7.7
Cash & Cash Equivalents - Total 0.0 0.1 0.0 0.0 0.0
Cash & Short Term Investments - Total 1.1 0.5 0.1 0.0 0.2
Debt - including Preferred Equity & Minority Interest - Total 9.1 8.7 7.4 4.8 3.3
Investments - Permanent 1.5 1.4 2.4 1.7 1.8
Net Book Capital 10.9 10.7 11.5 7.9 6.3
Net Operating Assets 10.9 10.7 11.5 7.9 6.3
Provisions - Total — — — 0.0 0.0
Shareholders Equity - Common 2.8 2.5 4.1 3.1 3.2
Tangible Total Equity 2.8 2.5 4.1 3.1 3.2
Tangible Book Value 2.8 2.5 4.1 3.1 3.2
Total Book Capital 11.9 11.2 11.5 7.9 6.5
Total Capital 11.9 11.2 11.5 7.9 6.5
Total Long Term Capital 7.6 5.8 7.2 6.8 5.0
Unearned Revenue - Total 0.2 0.2 0.3 0.3 0.1
Book Value excluding Other Equity 2.8 2.5 4.1 3.1 3.2
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term — — 0.0 0.3 0.3
Income Taxes - Payable - Long-Term & Short-Term — — — — —
Accruals - Short-Term (0.9) (2.5) (2.1) (1.0) (0.7)
Cash & Short Term Investments - Net of Debt (8.1) (8.2) (7.4) (4.8) (3.1)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.4 0.4 0.5 0.4 0.4
Total Fixed Assets - Net 8.4 8.3 9.2 7.8 5.6
Working Capital (0.8) (2.5) (2.1) (1.0) (0.6)
Interest Bearing Liabilities - Total 9.1 8.7 7.4 4.8 3.3
Working Capital - Non-Cash (1.9) (3.0) (2.1) (1.0) (0.8)
Working Capital excluding Other Current Assets & Liabilities (0.5) (2.1) (1.7) (0.8) (0.6)
Net Debt Including Preferred Equity & Minority Interest 8.1 8.2 7.4 4.8 3.1
Other Short-Term & Long-Term Assets - Total 0.1 0.2 0.1 0.1 0.0
Other Short-Term & Long-Term Liabilities - Total 1.0 1.0 1.1 0.7 0.5
Total Current Assets excluding Total Inventories 3.2 2.5 1.4 0.7 0.9
Tangible Book Value excluding Other Equity 2.8 2.5 4.1 3.1 3.2
Total Debt Excluding Islamic 9.1 8.7 7.4 4.8 3.3
Trade Accounts & Trade Notes Receivable - Net - Total 1.6 1.4 0.7 0.1 0.1
Current Liabilities excluding Current Debt - Total 1.2 1.8 1.4 0.8 0.6
Cash in Hand & with Banks - Total 0.0 0.1 0.0 0.0 0.0
Current Assets excluding Cash & Short Term Investments - Total 4.5 5.0 4.5 2.3 1.9
Cash, Short Term Investments & Accounts Receivable - Total 2.7 1.9 0.7 0.1 0.3

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