Lucky Cement Limited (PSX: LUCK) delivered a stronger financial performance in the fiscal year ended June 30, 2026, with consolidated revenue rising 14.6% and net profit attributable to owners increasing 14.2% year-on-year.

According to the company’s annual financial results, consolidated gross revenue reached PKR 645.9 billion, compared with PKR 563.6 billion in FY2025. Net revenue stood at PKR 516.4 billion, up 13.7% from PKR 454.0 billion a year earlier. The company’s net profit attributable to owners of the holding company increased to PKR 89.0 billion, compared with PKR 77.0 billion in FY2025.

Earnings Per Share Climbs to PKR 60.78

Lucky Cement’s earnings per share also improved significantly during the year. Consolidated EPS rose to PKR 60.78 from PKR 52.53 in the previous financial year, representing growth of around 15.7%.

The improvement came despite a challenging operating environment, including subdued cement demand and broader economic pressures. The company attributed the stronger performance largely to improved operational efficiency and disciplined cost management.

Local Cement Business Shows Growth

Lucky Cement reported that its domestic cement sales revenue increased by 12.1% during FY2026. The company said the improvement reflected higher local sales volumes, although demand remained affected by economic challenges.

The company’s cement production increased by 11.2% to 8.759 million tons, while cement production rose 8.3% to 7.955 million tons. Cement and clinker sales reached 9.613 million tons, an increase of 3.5% over FY2025.

Lucky Cement also strengthened its position in the domestic market. Its local cement market share increased to 15.7% in FY2026 from 15.6% a year earlier, according to the annual report.

Unconsolidated Profit Jumps 40.9%

The company’s standalone financial performance was even stronger. Unconsolidated gross revenue increased 10.6% to PKR 192.9 billion, while net revenue rose 9.6% to PKR 136.5 billion.

Standalone net profit climbed to PKR 46.6 billion, compared with PKR 33.1 billion in FY2025, representing an increase of 40.9%. Standalone EPS consequently rose to PKR 31.83 from PKR 22.59.

The company also received PKR 15.8 billion in dividend income from its subsidiaries and associates during FY2026, compared with PKR 12.7 billion in FY2025.

Expansion Remains a Key Focus

Lucky Cement continues to pursue expansion across its diversified business portfolio. The company highlighted a number of projects in its annual report, including a 0.65 million-ton annual cement production capacity expansion at Samawah, Iraq, and a planned 1.6 million-ton cement manufacturing facility in the Democratic Republic of Congo.

The company is also expanding its renewable energy footprint. A 15 MW solar power capacity addition at its Karachi plant is expected to take Lucky Cement’s total installed solar capacity to 89.3 MW in the first quarter of FY2027.

In addition, Lucky Cement has commissioned U3 technology across its four production lines at its Karachi plant, increasing total production capacity by approximately 300,000 tons to 5.35 million tons per annum.

Strong Financial Position Supports Future Growth

The company ended FY2026 with a solid financial position. According to the annual report, its consolidated asset base stood at around PKR 301.7 billion, while the current ratio improved to 2.39 from 1.72 a year earlier.

Lucky Cement also generated substantial operating cash flows during the year. Consolidated net cash generated from operating activities stood at approximately PKR 64.8 billion, compared with PKR 95.5 billion in FY2025, while cash and cash equivalents at year-end reached around PKR 176.8 billion.

Outlook for FY2027

Looking ahead, Lucky Cement expects Pakistan’s economic environment to remain cautiously optimistic, supported by improving macroeconomic stability and ongoing reforms. However, the company continues to highlight risks including energy costs, interest rates, exchange-rate movements, taxation and subdued demand.

For the cement business, the company expects domestic demand to gradually recover, while new capacity and export opportunities could provide additional growth avenues. Its diversified operations in cement, power, automobiles, mobile phones, pharmaceuticals, chemicals and other businesses are expected to support the group’s long-term strategy.

Overall, FY2026 marked another year of growth for Lucky Cement. Rising revenue, stronger profitability, increased market share and continued investment in capacity and renewable energy underline the company’s focus on operational efficiency and long-term expansion despite a challenging economic environment.