Attock Cement Pakistan Limited (ACPL) has reported a substantial improvement in profitability for the nine-month period ended March 31, 2026, alongside the approval of an interim cash dividend. The company also announced the resignation of its Chief Executive Officer, Babar Bashir Nawaz, effective April 30, 2026.
Profit rises sharply during nine months
According to the financial statements, ACPL recorded revenue of Rs33.11 billion during the nine months ended March 31, 2026, compared with Rs23.65 billion in the corresponding period of the previous year.
The company reported profit before tax of Rs4.16 billion, up significantly from Rs1.58 billion a year earlier. After taxation, profit for the period reached Rs2.46 billion, compared with Rs1.31 billion in the same period of 2025.
Earnings per share also increased to Rs17.90, compared with Rs9.53 previously. The third-quarter figures alone showed profit of approximately Rs854 million, against Rs667 million in the corresponding quarter.
5% interim cash dividend approved
The board approved an interim cash dividend of 5%, equivalent to Rs0.50 per share, for the financial year ending June 30, 2026.
Shareholders whose names appeared in the company’s register as of April 16, 2026, were entitled to the dividend. The company also announced that its share transfer books would remain closed from April 17 to April 21, 2026, inclusive.
CEO resignation announced
ACPL also disclosed that its Board of Directors had accepted the resignation of Babar Bashir Nawaz as Chief Executive Officer, effective April 30, 2026.
In its announcement, the board expressed appreciation for Nawaz’s more than 40 years of service and highlighted his contribution to capacity expansion, modernization of manufacturing facilities, operational efficiency, financial performance and the company’s market presence.
Stronger operating cash generation
The company’s cash-flow statement also points to a notable improvement in operating cash generation. Net cash generated from operating activities rose to approximately Rs9.17 billion during the nine months ended March 31, 2026, compared with Rs2.57 billion in the same period of the previous year.
At the end of the period, cash and cash equivalents stood at approximately Rs1.24 billion, compared with a negative balance of Rs5.66 billion a year earlier.
Financial position
As of March 31, 2026, ACPL reported total assets of approximately Rs49.89 billion, while total equity stood at around Rs23.86 billion. Unappropriated profit increased to approximately Rs22.49 billion from Rs21.13 billion at June 30, 2025.
Overall, the company’s latest filing shows higher revenue, stronger profitability and improved operating cash generation during the first nine months of the 2025-26 financial year. At the same time, the dividend announcement and upcoming change in chief executive mark two significant developments for shareholders as the company approaches the end of its financial year.
