Al-Noor Sugar Mills Limited
By PSX Investors Zone · Updated October 20, 2026
Al-Noor Sugar Mills Limited (PSX: ALNRS) is a Pakistani company incorporated in 1969, operating in the sugar and allied industries sector. Its business includes sugar manufacturing, medium-density fibreboard (MDF) production and power generation. For FY2025, the company reported revenue of approximately Rs.17.92 billion, profit after tax of Rs.107.45 million and earnings per share of Rs.5.25. ALNRS was classified as Shariah-compliant in the PSX screening effective June 5, 2026. Investors should also examine its profitability, working capital, latest financial results and the Risk Warning Alert displayed on its PSX profile.
Company Overview
Al-Noor Sugar Mills Limited (ALNRS) is a Pakistan Stock Exchange-listed company operating in the sugar and allied industries sector. Incorporated on August 8, 1969, the company owns and operates sugar manufacturing, medium-density fibreboard (MDF) and power generation units.
Its registered address is 96-A, Sindh Muslim Society, Karachi, Pakistan.
Official sources: PSX company profile | Company website
Financial Performance
Annual results: FY2025 vs FY2024
The PSX financial profile reports the following results for the years ended September 2025 and September 2024:
| Financial measure | FY2025 | FY2024 |
|---|---|---|
| Sales revenue | Rs.17.916 billion | Rs.20.736 billion |
| Profit after tax | Rs.107.451 million | Loss of Rs.45.083 million |
| Earnings per share (EPS) | Rs.5.25 | -Rs.2.20 |
| Gross profit margin | 13.09% | 16.56% |
| Net profit margin | 0.60% | -0.22% |
Revenue declined by approximately 13.6% in FY2025 compared with FY2024. Nevertheless, the company returned to a profit after reporting a loss in the previous financial year.
Although earnings improved, the net profit margin remained low at approximately 0.60%. Investors should therefore examine operating costs, finance expenses, sugar recovery, sales prices and cash flows to understand the sustainability of profitability.
Source: PSX financial profile
Latest quarterly information
For the quarter ended June 30, 2026, the PSX financial profile reports sales of approximately Rs.3.911 billion, a loss after tax of Rs.50.916 million and a loss per share of Rs.2.49.
This quarterly loss highlights the importance of reviewing the company's full-year performance rather than relying on one profitable annual period. Investors should consult the latest financial statements and subsequent announcements for a complete picture.
Source: Official PSX profile and financial results
Shariah Compliance Status
Al-Noor Sugar Mills Limited was classified as Shariah-compliant in the PSX screening effective June 5, 2026, based on accounts to December 31, 2025.
The screening notice reports these ratios:
- Debt ratio: 8.82%
- Non-compliant investment ratio: 0.02%
- Non-compliant income ratio: 0.05%
- Illiquid assets ratio: 91.46%
These figures belong to the identified screening period. Shariah eligibility is reviewed periodically, so investors should check the latest official screening list before relying on the company's status.
Source: Official PSX Shariah screening notice
Dividend Information
Dividend declarations and payments should be confirmed through the company's latest financial results and PSX payout announcements. This profile does not state a dividend amount without a verified announcement for the relevant financial period.
Investors should distinguish between a dividend proposed by the Board, one approved by shareholders and one actually paid.
Important PSX Risk Warning
The official PSX profile displays a Risk Warning Alert relating to continuous violations under specified PSX regulations and the risk of trading suspension or delisting.
This is a material regulatory concern that should be disclosed to readers. The alert does not, by itself, prove that trading has already been suspended or that the company has been delisted. Investors should check the latest PSX notices to establish the company's current regulatory and trading status.
Source: Official PSX company profile
What Investors Should Monitor
When researching ALNRS, investors may wish to monitor:
- Quarterly and annual revenue, profit after tax and EPS.
- Sugar production, recovery rates, inventory and selling prices.
- MDF board operations and power-generation performance.
- Finance costs, debt levels and operating cash flows.
- Dividend announcements and payout confirmations.
- The latest PSX Shariah screening and its effective date.
- Regulatory notices and developments concerning the Risk Warning Alert.
Frequently Asked Questions
What is the PSX symbol for Al-Noor Sugar Mills Limited?
Its Pakistan Stock Exchange symbol is ALNRS.
What does Al-Noor Sugar Mills Limited do?
The company operates sugar manufacturing, MDF board and power-generation businesses.
Was ALNRS profitable in FY2025?
Yes. The PSX financial profile reports profit after tax of approximately Rs.107.45 million and EPS of Rs.5.25 for FY2025.
Is ALNRS Shariah-compliant?
The PSX screening effective June 5, 2026, based on accounts to December 31, 2025, classified ALNRS as Shariah-compliant. Check the latest screening before relying on this classification.
Does the PSX Risk Warning Alert mean ALNRS is delisted?
No. The alert identifies a regulatory risk that may include suspension or delisting. The company's actual status must be confirmed through current PSX notices.
Disclaimer
This profile is for educational and informational purposes only. It is not a recommendation to buy or sell ALNRS shares. Financial figures and Shariah status relate to the periods specified above. Verify the latest financial statements, screening status and PSX regulatory notices before making investment decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.