Attock Cement Posts Strong FY2026 Growth as Profit Nearly Doubles
Attock Cement Pakistan Limited (ACPL) delivered a strong financial performance for the year ended June 30, 2026, with its annual profit almost doubling compared with the previous year, according to the company’s financial statements submitted to the Pakistan Stock Exchange.
The company reported a profit after tax of Rs3.42 billion for FY2026, compared with Rs1.73 billion in FY2025, representing an increase of nearly 97%. Earnings per share also rose sharply to Rs24.86 from Rs12.60 a year earlier.
Revenue and gross profit improve significantly
Attock Cement’s revenue from contracts with customers increased to Rs44.32 billion during FY2026, up from Rs33.31 billion in FY2025. This translates into growth of around 33% year-on-year.
The stronger top-line performance was accompanied by a substantial improvement in gross profit, which climbed to Rs12.09 billion, compared with Rs7.97 billion in the previous year.
Profit from operations also increased to Rs6.27 billion, up from Rs4.67 billion, despite higher distribution and administrative expenses.
At the pre-tax level, the company recorded Rs5.28 billion, compared with Rs2.86 billion in FY2025. Finance costs declined considerably to around Rs1.02 billion from Rs1.84 billion, helping support the improvement in bottom-line earnings.
Stronger cash generation
The company also recorded a major improvement in operating cash flows. Net cash generated from operating activities reached Rs6.09 billion during FY2026, compared with a net cash outflow of Rs394 million in the previous year.
Attock Cement ended the year with Rs1.10 billion in cash and cash equivalents, compared with a negative Rs1.39 billion balance at the end of FY2025.
The company’s balance sheet showed total assets of Rs50.33 billion, while shareholders’ equity increased to Rs24.70 billion from Rs22.50 billion a year earlier.
Merger talks with Fauji Cement
Alongside its financial results, Attock Cement disclosed a potentially significant corporate development.
The company said its Board had authorized management to explore and evaluate the feasibility of a potential merger of Attock Cement with Fauji Cement Company Limited and present its recommendations to the Board.
The Board has also approved a proposal to shift the company’s registered office from Karachi, Sindh, to Rawalpindi, Punjab, subject to the required shareholder approval through a Special Resolution at the forthcoming Annual General Meeting and completion of applicable statutory and regulatory requirements.
The proposed merger could become an important development for the company and the broader cement sector, although the filing makes clear that the process remains subject to the required approvals and regulatory steps.
Dividend decision
For FY2026, the Board recommended no final cash dividend, with the company noting that this is in addition to the interim dividend of Rs0.50 per share, or 5%, already paid during the year.
The company’s Annual General Meeting is scheduled for September 22, 2026, in Karachi. The share transfer books will remain closed from September 15 to September 22, 2026, according to the company’s announcement.
Overall, Attock Cement’s FY2026 results show a marked improvement in profitability, cash generation and earnings per share. At the same time, the proposed merger with Fauji Cement introduces a potentially transformative strategic development that investors will likely watch closely as the approval process moves forward.
