Presentation of Corporate Briefing Session 2026

Key takeaways

• Total cement and Xtreme Bond dispatches increased by 2.9% year-on-year to 7.04 million tonnes for FY26.
• Net revenue rose 0.5% year-on-year to PKR 108,282 million, supported by volume gains despite a 2.3% decline in net retention to PKR 15,377 per tonne.
• Gross profit fell 12.9% to PKR 32,461 million, and gross margin declined by 4.6 percentage points to 30.0% due to higher raw material and packaging costs and lower net retention.
• Operating profit dropped 16.7% year-on-year to PKR 26,516 million, impacted by higher selling, administrative, and distribution expenses which rose 18.9% to PKR 4,370 million.
• Net finance cost decreased by 23.7% to PKR 4,680 million, benefiting from lower policy rates and loan repayments.
• Share of profit from associates (UBL) increased by 35.4% to PKR 14,548 million, supporting a stable profit before tax of PKR 36,384 million.
• Profit after tax for FY26 grew by 7.9% to PKR 25,757 million, leading to an earnings per share (EPS) of Rs 43.20 compared to Rs 40.02 in FY25.
• The Board approved a total dividend of 400% of face value for FY26, compared to 340% in FY25.
• Captive solar power capacity was expanded to 115.4 MW during FY26 (FY25: 112.2 MW).
• Bestway Cement successfully launched white cement in FY26 for local and export markets, alongside premium tile adhesives and grouts under the Xtreme brand.
• Total company capacity remained at 15.3 million tonnes across 8 production lines at five manufacturing sites, with capacity utilisation rising to 46.0% from 44.7% in FY25.
• Local market share eased slightly to 16.8% nationally and 20.1% in the North as industry growth outpaced company volumes.
• Export dispatches fell 59.3% to 0.05 million tonnes due to regional conflict and the closure of the Afghan border affecting northern exports.
• The company returned a total of PKR 31.7 billion to lenders and shareholders during FY26, including PKR 15.3 million in net loan repayments and PKR 16.4 billion in dividend payments.
• Industry local cement dispatches for the FY27 period to date are up 8% compared to the same period last year.
• Management maintains a cautiously optimistic outlook supported by economic stabilisation, lower interest rates, and ongoing government housing and infrastructure projects, while monitoring regional conflict and fuel cost risks.