Faran Sugar Mills Limited (FRSM) reported earnings per share of PKR 7.04 for SY25, compared to loss per share of PKR 52.43 in SY24. Furthermore, in 1QSY26, the company reported earnings per share of PKR 1.87, compared to earnings per share of PKR 0.31 in the same period last year (SPLY). For the current season, production is projected to reach 6.9 million tons, compared to an estimated consumption of 6.6 million tons, resulting in a manageable surplus of approximately 300,000 tons. Sugarcane crushing commenced on December 5, 2025.
As of mid February 2026, the mill has crushed 526,000 tons of cane, producing 56,360 tons of refined sugar with an average recovery rate of 11.04%. Total solar capacity has been increased to 900 kW following the installation of an additional 600 kW solar system, strengthening the company’s renewable energy footprint. At the beginning of the season, sugarcane prices were PKR 425 per 40 kg, fluctuating significantly due to a demand supply imbalance in Sindh.
Current market rates range between PKR 540 and PKR 550, with the seasonal average expected to settle between PKR 475 and PKR 520. The acquisition of Popular Sugar Mills (Unicol) was valued at approximately PKR 6.5 billion. The transaction was financed through PKR 2.5 billion in internal cash and PKR 4.5 billion in leverage. For the quarter ending December 31, 2025, Unicol reported a total net profit of PKR 201 million, comprising PKR 140 million from Ethanol, PKR 52 million from the CO₂ segment, and PKR 28 million from Sugar.
Important Disclosures
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