Baba Farid Sugar Mills Limited has announced its financial results for the quarter ended December 31, 2025 (1QFY26), reporting a net loss of Rs93.6 million, compared to a profit of Rs124.1 million in the corresponding period last year, according to a filing with the Pakistan Stock Exchange.

The company recorded revenue of Rs238.3 million, sharply lower than Rs1.48 billion in 1QFY25, primarily due to lower sales volumes during the quarter. As a result, Baba Farid Sugar Mills posted a gross loss of Rs44.2 million, compared to a gross profit of Rs222.4 million in the same period last year.

Operating performance deteriorated, with the company reporting an operating loss of Rs70.8 million, versus an operating profit of Rs150.7 million in 1QFY25. Finance costs declined to Rs19.4 million from Rs121.2 million, partially cushioning the impact of weaker operating results.

Other income increased to Rs37.4 million, while general and administrative expenses declined year-on-year, reflecting cost control measures. However, these positives were insufficient to offset the sharp drop in revenues and higher cost pressures.

Consequently, the company reported a loss per share of Rs9.90 for the quarter, compared to earnings per share of Rs1.31 in the same period last year.

The results highlight continued challenges faced by the sugar sector, including lower crushing activity, volatile sugar prices, and margin pressures during the early part of the crushing season.