Attock Cement Pakistan Limited (ACPL) reported a robust financial performance for the nine months ended March 31, 2026, with profit after tax rising 88% year-on-year to Rs2.46 billion, supported by strong export demand, higher local sales, and improved operational margins.
According to the company’s third-quarter report, net sales revenue increased 40% to Rs33.11 billion during the nine-month period, compared to Rs23.65 billion in the corresponding period last year. The growth was driven by higher dispatch volumes and improved pricing across both local and export markets.
Total cement and clinker dispatches reached 2.66 million tons, reflecting a 34% increase from 1.99 million tons a year earlier. Local cement dispatches grew 7% to 1.13 million tons, while exports of cement and clinker surged 59% to 1.53 million tons, largely due to strong demand from West African markets.
The company also benefited from lower production costs, with cost per ton declining by 4% due to reduced coal procurement prices during the period. As a result, gross margin improved to 28% from 21%, while operating margin increased to 15% from 12%.
Gross profit climbed to Rs9.21 billion, up from Rs5.05 billion in the same period last year, while operating profit rose to Rs4.90 billion from Rs2.93 billion. Earnings per share increased to Rs17.90 compared with Rs9.53 in the corresponding period.
During the quarter, the company disclosed a significant ownership development. Majority shareholder Pharaon Investment Group Holding Limited signed an agreement to sell its 84.06% stake in ACPL to Fauji Cement Company Limited and Kot Addu Power Company Limited, with each buyer acquiring an equal share. The transaction is expected to be completed after fulfillment of regulatory and legal requirements.
The company also announced that Chief Executive Officer Babar Bashir Nawaz will step down effective April 30, 2026, concluding a 40-year association with the company, including 24 years as CEO.
Looking ahead, ACPL cautioned that geopolitical tensions in the Gulf region, rising energy prices, inflationary pressures, and higher fuel and coal costs could impact profitability and demand growth in the coming months. However, management said it remains committed to maintaining operational excellence and adapting strategically to emerging challenges.
