Last close · 16 Oct 2026
Rs 231.93 +0.37%
Financials
Pioneer Cement Limited (PIOC) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
Pioneer Cement Limited (PIOC) reported revenue of Rs 38.6 bn for FY2026 (Jul 2025 – Jun 2026), up 15.8% from FY2025.
Profit attributable to shareholders was Rs 6.6 bn (EPS Rs 29.03), up 35.2%, a net margin of 17.1%.
No cash dividend was declared for FY2026.
The balance sheet showed net cash of Rs 2.0 bn.
Return on equity was 13.6%.
Over the last five years revenue grew at a compound 12.1% a year.
At Rs 231.93 (close on 16 Oct 2026) the shares trade at 8.0× earnings (FY2026) and 1.06× book value.
Fundamentals
PIOC at a glance
Revenue · FY2026
Rs 38.6 bn
▲ 15.8% year on year
Profit attributable to shareholders · FY2026
Rs 6.6 bn
▲ 35.2% year on year
EPS – basic (Rs) · FY2026
Rs 29.03
▲ 35.2% year on year
Dividend per share (Rs) · FY2026
Rs 0.00
▼ 100.0% year on year
Net margin · FY2026
17.1%
+2.5 pts year on year
Debt to equity · FY2026
0.0%
-18.9 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 38.6 bn
- Profit attributable · FY2026
- Rs 6.6 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 79.4 bn
- Equity · FY2026
- Rs 49.5 bn
Financial highlights
PIOC financial results
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.6 | 33.3 | 35.5 | 36.2 | 31.9 | 21.8 | 6.3 | 9.7 | 10.1 | 10.6 |
| Gross profit | 11.6 | 10.4 | 11.8 | 9.4 | 7.2 | 4.1 | (0.1) | 2.1 | 2.8 | 4.4 |
| Operating profit | 10.4 | 9.2 | 10.9 | 8.9 | 6.7 | 3.8 | (0.4) | 1.7 | 2.4 | 4.3 |
| Profit after tax | 6.6 | 4.9 | 5.2 | 2.6 | 1.1 | 2.0 | (0.2) | 0.8 | 1.6 | 2.9 |
| Profit attributable to shareholders | 6.6 | 4.9 | 5.2 | 2.6 | 1.1 | 2.0 | (0.2) | 0.8 | 1.6 | 2.9 |
| EPS – basic (Rs) Rs | 29.03 | 21.47 | 22.79 | 11.50 | 4.62 | 8.69 | (0.92) | 3.48 | 7.24 | 12.84 |
| Dividend per share (Rs) Rs | 0.00 | 10.00 | 15.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.07 | 5.50 |
| Total assets | 79.4 | 86.4 | 85.1 | 87.2 | 71.9 | 51.5 | 49.0 | 42.3 | 29.1 | 17.8 |
| Total equity | 49.5 | 47.1 | 45.7 | 40.5 | 29.8 | 15.1 | 13.1 | 13.3 | 13.6 | 9.5 |
| Total debt | 0.0 | 8.9 | 10.5 | 17.5 | 22.2 | 27.1 | 27.0 | 21.5 | 10.7 | 2.3 |
| Net cash from operating activities | 8.8 | 8.9 | 9.1 | 5.8 | 5.6 | 2.2 | 0.4 | 3.5 | 1.6 | 1.7 |
| Capital expenditure | (1.0) | (1.0) | (1.6) | (1.3) | (1.0) | (2.3) | (5.9) | (13.7) | (10.5) | (2.3) |
| Free cash flow (operating cash flow − capex) | 7.8 | 7.8 | 7.5 | 4.6 | 4.7 | (0.2) | (5.4) | (10.2) | (9.0) | (0.6) |
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.6 | 9.9 | 10.0 | 10.3 | 8.4 | 8.6 | 7.9 | 8.9 | 7.9 |
| Gross profit | 11.6 | 3.1 | 2.9 | 3.0 | 2.5 | 2.3 | 2.0 | 3.7 | 2.4 |
| Operating profit | 10.8 | 3.2 | 2.6 | 2.7 | 2.2 | 2.3 | 1.8 | 3.2 | 2.2 |
| Profit after tax | 6.6 | 2.2 | 1.5 | 1.6 | 1.3 | 1.1 | 1.0 | 1.8 | 1.0 |
| Profit attributable to shareholders | 6.6 | 2.2 | 1.5 | 1.6 | 1.3 | 1.1 | 1.0 | 1.8 | 1.0 |
| EPS – basic (Rs) Rs | 29.03 | 9.68 | 6.70 | 7.04 | 5.61 | 4.97 | 4.29 | 7.70 | 4.50 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.00 | 0.00 | 5.00 | 0.00 |
| Total assets | 79.4 | 79.4 | 87.3 | 90.1 | 85.8 | 86.4 | 86.9 | 90.0 | 84.8 |
| Total equity | 49.5 | 49.5 | 50.4 | 48.9 | 48.4 | 47.1 | 46.0 | 46.2 | 46.7 |
| Total debt | 0.0 | 0.0 | 5.0 | 8.6 | 6.8 | 8.9 | 9.4 | 12.8 | 9.0 |
| Net cash from operating activities | 8.8 | 2.1 | 1.5 | 3.1 | 2.1 | 1.3 | 2.3 | 3.5 | 1.8 |
| Capital expenditure | (1.0) | (0.3) | (0.0) | (0.6) | (0.1) | (0.6) | (0.2) | (0.1) | (0.1) |
| Free cash flow (operating cash flow − capex) | 7.8 | 1.8 | 1.5 | 2.5 | 2.0 | 0.6 | 2.1 | 3.5 | 1.6 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.