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Sugar & Allied Industries

SHJS Shahtaj Sugar Mills Limited

Latest results: FY2025 · Sep 2025

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Last close · 16 Oct 2026

Rs 160.01 -0.61%

Annual · FY2007 – FY2025

Shahtaj Sugar Mills Limited (SHJS) income statement

Shahtaj Sugar Mills Limited reported revenue of Rs 8.6 bn for FY2025 (Oct 2024 – Sep 2025), down 2.0% on FY2024. Gross profit came to Rs 856.7 mn, a gross margin of 9.9%. Operating profit was Rs 481.2 mn (an operating margin of 5.6%). Finance cost was Rs 370.2 mn, down 41.4% on FY2024. Tax of Rs 28.7 mn took 74.1% of pre-tax profit. Profit attributable to shareholders was Rs 32.7 mn, up 1.7% on FY2024, or Rs 2.72 per share.

SHJS income statement (annual) (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
Revenue 8,648.8 8,821.0 9,476.1 6,615.1 6,314.3
Cost of revenue (7,792.1) (7,896.3) (7,887.6) (5,844.0) (5,508.8)
Gross profit 856.7 924.7 1,588.4 771.1 805.4
Selling, general & administrative expenses (418.1) (401.0) (387.0) (315.4) (265.2)
Operating profit 481.2 556.6 1,190.9 478.5 545.6
Finance cost (370.2) (631.3) (498.3) (427.1) (261.1)
Profit before tax 38.8 (183.4) 630.2 50.2 283.3
Taxation (28.7) 210.1 (241.6) (84.3) (109.4)
Profit after tax 10.0 26.7 388.6 (34.2) 173.9
Profit attributable to shareholders 32.7 32.1 405.5 1.1 204.8
Per share & other
EPS – basic (Rs) Rs 2.72 2.68 33.76 0.09 17.05
EPS – diluted (Rs) Rs 2.72 2.68 33.76 0.09 17.05
Dividend per share (Rs) Rs 1.25 0.00 14.00 0.00 5.00
EBITDA 516.8 594.2 1,226.9 515.3 574.1
Depreciation & amortisation 35.6 37.6 36.0 36.8 28.5
Weighted average shares mn 12.0 12.0 12.0 12.0 12.0
SHJS income statement — 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
Revenue -2.0% -6.9% +43.2% +4.8% +39.1%
Cost of revenue -1.3% +0.1% +35.0% +6.1% +32.6%
Gross profit -7.4% -41.8% +106.0% -4.3% +108.6%
Selling, general & administrative expenses +4.3% +3.6% +22.7% +18.9% +8.3%
Operating profit -13.6% -53.3% +148.9% -12.3% +288.8%
Finance cost -41.4% +26.7% +16.7% +63.6% +91.3%
Profit before tax — -129.1% +1,156.6% -82.3% +18,284.1%
Taxation — -187.0% +186.4% -22.9% +54.2%
Profit after tax -62.3% -93.1% — -119.7% —
Profit attributable to shareholders +1.7% -92.1% +37,548.3% -99.5% —
Per share & other
EPS – basic (Rs) +1.7% -92.1% +37,547.1% -99.5% —
EPS – diluted (Rs) +1.7% -92.1% +37,547.1% -99.5% —
Dividend per share (Rs) — -100.0% — -100.0% —
EBITDA -13.0% -51.6% +138.1% -10.2% +236.5%
Depreciation & amortisation -5.1% +4.4% -2.1% +28.9% -5.8%
Weighted average shares — — — — —

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

SHJS income statement — 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
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (90.1%) (89.5%) (83.2%) (88.3%) (87.2%)
Gross profit 9.9% 10.5% 16.8% 11.7% 12.8%
Selling, general & administrative expenses (4.8%) (4.5%) (4.1%) (4.8%) (4.2%)
Operating profit 5.6% 6.3% 12.6% 7.2% 8.6%
Finance cost (4.3%) (7.2%) (5.3%) (6.5%) (4.1%)
Profit before tax 0.4% (2.1%) 6.7% 0.8% 4.5%
Taxation (0.3%) 2.4% (2.5%) (1.3%) (1.7%)
Profit after tax 0.1% 0.3% 4.1% (0.5%) 2.8%
Profit attributable to shareholders 0.4% 0.4% 4.3% 0.0% 3.2%
Per share & other
EBITDA 6.0% 6.7% 12.9% 7.8% 9.1%
Depreciation & amortisation 0.4% 0.4% 0.4% 0.6% 0.5%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 15 Oct 2026.

All reported line items 113
SHJS income statement — 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
Revenue from Goods & Services 8.6 8.8 9.5 6.6 6.3
Sales of Goods & Services - Net - Unclassified 0.9 0.3 0.4 — —
Sales Returns, Allowances & Other Revenue Adjustments 0.0 0.0 0.0 0.0 0.0
Revenue Taxes 1.6 1.5 1.5 1.0 1.0
Gross Revenue from Business Activities - Total 9.4 10.0 10.6 7.7 7.3
Revenue from Business-Related Activities - Other - Total — — — — —
Revenue from Business Activities - Total 8.6 8.8 9.5 6.6 6.3
Cost of Operating Revenue 7.8 7.9 7.9 5.8 5.5
Cost of Revenues - Total 7.8 7.9 7.9 5.8 5.5
Cost of Revenues - Unclassified 7.8 7.9 7.9 5.8 5.5
Selling, General & Administrative Expenses - Total 0.4 0.4 0.4 0.3 0.3
Selling, General & Administrative Expenses - Unclassified 0.4 0.4 0.4 0.3 0.3
Depreciation in Cost of Revenues 0.0 0.0 0.0 0.0 0.0
Depreciation in Selling, General & Administrative Expenses 0.0 0.0 0.0 0.0 0.0
Other Operating Expense/(Income) - Net (0.0) (0.0) 0.0 (0.0) (0.0)
Other Operating Income - Total 0.1 0.0 0.0 0.0 0.0
Gross Profit - Industrials/Property - Total 0.9 0.9 1.6 0.8 0.8
Operating Expenses - Total 8.2 8.3 8.3 6.1 5.8
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses — — — — —
Operating Profit before Non-Recurring Income/(Expense) 0.5 0.6 1.2 0.5 0.5
Financing Income/(Expense) - Net - Total (0.4) (0.6) (0.5) (0.4) (0.3)
Interest Expense - Net of (Interest Income) 0.4 0.6 0.5 0.4 0.3
Other Operating Expense 0.0 0.0 0.1 0.0 0.0
Interest Expense - Net of Capitalized Interest 0.4 0.6 0.5 0.4 0.3
Non-Interest Financial Income/(Expense) - Total (0.0) (0.0) (0.0) (0.0) (0.0)
Non-Interest Financial Income/(Expense) - Other - Net (0.0) (0.0) (0.0) (0.0) (0.0)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 0.0 0.0 0.0 0.0 0.0
Other Non-Operating Income/(Expense) - Total (0.1) (0.1) (0.0) — —
Normalized Pre-tax Profit 0.0 (0.2) 0.7 0.1 0.3
Non-Recurring Income/Expense - Total 0.0 0.0 (0.0) — —
Interest Income - Non-Bank — — — — —
Interest Expense on Capital Financing - Gross — — — — —
Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) 0.0 0.0 0.0 — —
Non-Recurring Income/(Expense) - Other - Total — — — — —
Provision for Income Tax Expense- Unclassified 0.0 (0.2) 0.2 0.1 0.1
Income before Taxes 0.0 (0.2) 0.6 0.1 0.3
Equity in Earnings/(Loss) of Affiliates (after Taxes) 0.0 0.0 0.0 0.0 0.0
Income Taxes 0.0 (0.2) 0.2 0.1 0.1
Income Taxes for the Year - Current — — — — —
Income Taxes - Domestic - Current — — — — —
Income Taxes - Other (KFAS/NLST) - Current — — — — —
Income Taxes - Deferred — — — — —
Fair Value Adjustments - Other Assets 0.0 0.0 (0.0) — —
Net Income after Tax 0.0 0.0 0.4 (0.0) 0.2
Income before Discontinued Operations & Extraordinary Items 0.0 0.0 0.4 0.0 0.2
Net Income before Minority Interest 0.0 0.0 0.4 0.0 0.2
Net Income after Minority Interest 0.0 0.0 0.4 0.0 0.2
Income Available to Common Shares 0.0 0.0 0.4 0.0 0.2
DPS - Common - Gross - Issue - By Period End Date Rs 1.25 0.00 14.00 0.00 5.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 0.0 0.0 0.4 0.0 0.2
Income available to Common excluding Extraordinary Items 0.0 0.0 0.4 0.0 0.2
Shares used to calculate Basic EPS - Total mn 12.0 12.0 12.0 12.0 12.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 2.72 2.68 33.76 0.09 17.05
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 2.72 2.68 33.76 0.09 17.05
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 2.19 1.20 37.56 0.09 17.05
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 0.0 0.0 0.4 0.0 0.2
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 12.0 12.0 12.0 12.0 12.0
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 2.72 2.68 33.76 0.09 17.05
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 2.72 2.68 33.76 0.09 17.05
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 2.19 1.20 37.56 0.09 17.05
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Dilution Adjustment — — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 0.0 0.0 0.4 0.0 0.2
Diluted Income available to Common excluding Extraordinary Items 0.0 0.0 0.4 0.0 0.2
Shares used to calculate Diluted EPS - Total mn 12.0 12.0 12.0 12.0 12.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 2.72 2.68 33.76 0.09 17.05
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 2.72 2.68 33.76 0.09 17.05
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 2.19 1.20 37.56 0.09 17.05
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 0.0 0.0 0.4 0.0 0.2
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 12.0 12.0 12.0 12.0 12.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 2.72 2.68 33.76 0.09 17.05
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 2.72 2.68 33.76 0.09 17.05
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 2.19 1.20 37.56 0.09 17.05
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 14.00 0.00 5.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 12.60 0.00 4.50 0.00
Earnings before Interest & Taxes (EBIT) 0.5 0.6 1.2 0.5 0.5
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 0.5 0.6 1.2 0.5 0.6
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments — — — — —
Depreciation & Amortization - Supplemental 0.0 0.0 0.0 0.0 0.0
Depreciation Expense - Total - Supplemental 0.0 0.0 0.0 0.0 0.0
Depreciation - Financial Lease Right-of-Use Assets - Supplemental 0.0 0.0 0.0 0.0 0.0
Depreciation, Depletion & Amortization - Total 0.0 0.0 0.0 0.0 0.0
Depreciation - Total 0.0 0.0 0.0 0.0 0.0
Labor & Related Expenses - Total — — — — —
Labor & Related Expenses - Supplemental — — — — —
Auditor Fees — — — — —
Audit-Related Fees — — — — —
Fees - Other — — — — —
Normalized after Tax Profit 0.0 0.0 0.4 (0.0) 0.2
Normalized Net Income from Continuing Operations 0.0 0.0 0.5 0.0 0.2
Normalized Net Income - Bottom Line 0.0 0.0 0.5 0.0 0.2
Earnings before Interest & Taxes (EBIT) - Normalized 0.4 0.4 1.2 0.5 0.5
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 0.4 0.5 1.2 0.5 0.6
Depreciation of Financial Lease Right-of-Use Assets — — — 0.0 0.0
Interest Expense on Financial Lease Liabilities - Supplemental 0.0 0.0 0.0 — —
Rental/Operating Lease Expense — — — — —
Interest Expense 0.4 0.6 0.5 0.4 0.3
Operating Expenses 8.2 8.3 8.3 6.1 5.8
Selling, General & Administrative Expenses excluding Research & Development Expenses 0.4 0.4 0.4 0.3 0.3
Income before Taxes & Provision for Loan Losses 0.0 (0.2) 0.6 0.1 0.3
Cost of Revenue including Operation & Maintenance (Utility) - Total 7.8 7.9 7.9 5.8 5.5
Cost of Revenues excluding Depreciation 7.8 7.9 7.9 5.8 5.5
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 14.00 0.00 5.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 14.00 0.00 5.00 0.00
Tax Adjusted Operating Income 0.1 — 0.7 (0.3) 0.4
Operating Expenses excluding Non-Cash Charges - Total 8.1 8.2 8.2 6.1 5.7
Income Available to Common Shares before Depreciation & Amortization 0.1 0.1 0.4 0.0 0.2
Fixed Charges 0.4 0.6 0.5 0.4 0.3
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 0.00 14.00 0.00 5.00 0.00

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