PAKISTAN
Chashma Sugar Mills Limited (CSML) has announced a gross profit of Rs. 1.48 billion for the nine-month period ended June 30, 2025, compared to Rs. 1.485 billion during the same period last year, according to the company’s unaudited interim financial report submitted to the Pakistan Stock Exchange (PSX).
The company crushed 1.849 million tons of sugarcane during the 2024–25 season, up from 1.726 million tons in the previous period. Sugar production stood at 134,645 metric tons, while the Ethanol Fuel Plant produced 26,135 metric tons.
Despite consistent operational efforts, the company flagged significant challenges arising from external interventions including delayed exports, price controls, and regulatory restrictions. “These disruptions affected profitability and led to financial strain,” the Board stated in its review.
The company also highlighted issues in the sugar sector pricing cycle, citing non-market-based restrictions and harassment that affected normal operations and created unsustainable financial conditions.
CSML noted that the Pakistan Sugar Mills Association (PSMA) has continuously urged the government to deregulate the sugar market and allow market-based pricing.
On the ethanol front, the company expressed concern over the European Commission’s suspension of Pakistan’s GSP+ status for ethanol imports effective June 20, 2025, which may impact future sales and margins.
Meanwhile, the Board approved the amalgamation of CSML with its wholly owned subsidiary, Ultimate Whole Foods (Private) Limited, and submitted the application to the Securities and Exchange Commission of Pakistan (SECP). The move is expected to streamline operations and improve long-term financial sustainability.
The company acknowledged the efforts of its staff and the continued support from its banking partners, which include major banks such as Habib Bank, National Bank of Pakistan, Allied Bank, and others.
ER News Desk
