KARACHI: Pioneer Cement Limited has reported a robust financial performance for the year ended June 30, 2026, with profit after tax rising by more than 35% year-on-year, supported by higher sales, improved operating profitability, and significantly lower finance costs. The company also announced a proposal to extend a loan facility of up to Rs4 billion to its holding company, Maple Leaf Cement Factory Limited, subject to shareholder approval.
According to the company’s audited financial results approved by the Board of Directors on July 28, 2026, net revenue increased to Rs38.58 billion, compared with Rs33.31 billion in the previous year, reflecting a growth of nearly 16%. Gross profit climbed to Rs11.58 billion, up from Rs10.44 billion a year earlier, demonstrating stronger operational performance despite rising production costs.
Operating profit also improved significantly, reaching Rs10.34 billion, compared with Rs9.20 billion in FY2024-25. Meanwhile, finance costs fell sharply to Rs632.79 million from Rs1.41 billion, helping boost the company’s bottom line. Profit before taxation rose to Rs10.09 billion, while profit after tax increased to Rs6.59 billion, compared with Rs4.88 billion in the previous fiscal year. Earnings per share (EPS) improved to Rs29.03, up from Rs21.47 last year.
The Board has not recommended any cash dividend, bonus shares, or right shares for the year.
In a key corporate development, Pioneer Cement’s Board approved an investment of up to Rs4 billion in the form of loans or advances to its holding company, Maple Leaf Cement Factory Limited, for a one-year period commencing from September 18, 2026, to September 17, 2027. The financing will carry a mark-up of 1% above the three-month KIBOR or 1% above the company’s average borrowing cost, whichever is higher, and remains subject to shareholder approval under the Companies Act, 2017.
On the balance sheet, Pioneer Cement reported total assets of Rs79.44 billion, while total equity increased to Rs49.52 billion by the end of June 2026. Long-term financing was fully repaid during the year, strengthening the company’s financial position and reducing leverage.
The company generated Rs9.67 billion in net cash from operating activities, while cash and cash equivalents stood at Rs709.25 million at the close of the financial year.
Pioneer Cement will hold its Annual General Meeting (AGM) on September 15, 2026, in Lahore. The company’s share transfer books will remain closed from September 9 to September 15, 2026, both days inclusive.
