FCEPL Frieslandcampina Engro Pakistan Limited
Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 133.39 -0.04%
Financials
Frieslandcampina Engro Pakistan Limited (FCEPL) financials
20 years of annual results (FY2006 – FY2025), 66 quarters.
Frieslandcampina Engro Pakistan Limited (FCEPL) reported revenue of Rs 104.5 bn for FY2025 (Jan – Dec 2025), down 2.4% from FY2024.
Profit attributable to shareholders was Rs 2.7 bn (EPS Rs 3.51), up 22.1%, a net margin of 2.6%.
It declared a dividend of Rs 3.50 per share for FY2025.
Net debt stood at Rs 2.0 bn.
Return on equity was 16.1%.
Over the last five years revenue grew at a compound 18.8% a year.
At Rs 133.39 (close on 16 Oct 2026) the shares trade at 17.7× earnings (TTM to Jun 2026) and 5.47× book value, with a dividend yield of 2.6%.
Fundamentals
FCEPL at a glance
Revenue · FY2025
Rs 104.5 bn
▼ 2.4% year on year
Profit attributable to shareholders · FY2025
Rs 2.7 bn
▲ 22.1% year on year
EPS – basic (Rs) · FY2025
Rs 3.51
▲ 22.1% year on year
Dividend per share (Rs) · FY2025
Rs 3.50
▲ 25.0% year on year
Net margin · FY2025
2.6%
+0.5 pts year on year
Debt to equity · FY2025
19.6%
+6.9 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 104.5 bn
- Profit attributable · FY2025
- Rs 2.7 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 37.5 bn
- Equity · FY2025
- Rs 17.0 bn
Financial highlights
FCEPL financial results
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 | FY2019 Jan – Dec 2019 | FY2018 Jan – Dec 2018 | FY2017 Jan – Dec 2017 | FY2016 Jan – Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 104.5 | 107.1 | 100.2 | 73.5 | 52.1 | 44.2 | 38.9 | 32.4 | 34.7 | 43.9 |
| Gross profit | 17.4 | 17.0 | 14.4 | 12.1 | 8.9 | 6.0 | 5.2 | 5.2 | 5.6 | 10.1 |
| Operating profit | 7.7 | 6.6 | 4.6 | 4.1 | 2.8 | 1.1 | (0.2) | 0.1 | 0.8 | 3.9 |
| Profit after tax | 2.7 | 2.2 | 1.5 | 2.5 | 1.8 | 0.2 | (1.0) | 0.1 | 0.4 | 2.4 |
| Profit attributable to shareholders | 2.7 | 2.2 | 1.5 | 2.5 | 1.8 | 0.2 | (1.0) | 0.1 | 0.4 | 2.4 |
| EPS – basic (Rs) Rs | 3.51 | 2.87 | 1.97 | 3.22 | 2.35 | 0.23 | (1.25) | 0.08 | 0.49 | 3.11 |
| Dividend per share (Rs) Rs | 3.50 | 2.80 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | 1.00 |
| Total assets | 37.5 | 41.7 | 41.9 | 34.7 | 27.1 | 23.3 | 23.6 | 22.8 | 22.2 | 24.7 |
| Total equity | 17.0 | 16.5 | 14.2 | 12.7 | 10.3 | 8.5 | 8.4 | 9.3 | 9.7 | 17.2 |
| Total debt | 3.3 | 2.1 | 1.9 | 3.0 | 5.8 | 6.4 | 6.5 | 6.2 | 6.0 | 2.3 |
| Net cash from operating activities | 2.5 | 3.0 | 3.4 | 6.3 | 3.7 | 1.9 | 1.5 | 1.2 | 4.5 | 5.1 |
| Capital expenditure | (2.6) | (3.2) | (2.7) | (1.8) | (1.1) | (1.6) | (1.2) | (1.3) | (1.2) | (1.4) |
| Free cash flow (operating cash flow − capex) | (0.1) | (0.2) | 0.7 | 4.5 | 2.5 | 0.3 | 0.4 | (0.1) | 3.3 | 3.7 |
| Rs bn | TTM to Jun 2026 | Q2 FY2026 Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 110.8 | 30.1 | 28.7 | 24.2 | 27.7 | 26.5 | 26.0 | 24.5 | 27.5 |
| Gross profit | 20.6 | 7.0 | 6.0 | 3.0 | 4.6 | 5.0 | 4.7 | 3.3 | 4.2 |
| Operating profit | 10.5 | 4.1 | 3.2 | 1.0 | 2.2 | 2.5 | 2.2 | 0.9 | 1.9 |
| Profit after tax | 5.8 | 2.5 | 1.9 | 0.6 | 0.8 | 0.2 | 1.1 | 0.2 | 0.8 |
| Profit attributable to shareholders | 5.8 | 2.5 | 1.9 | 0.6 | 0.8 | 0.2 | 1.1 | 0.2 | 0.8 |
| EPS – basic (Rs) Rs | 7.52 | 3.32 | 2.41 | 0.78 | 1.01 | 0.30 | 1.42 | 0.24 | 1.00 |
| Dividend per share (Rs) Rs | 3.50 | 0.00 | 0.00 | 3.50 | 0.00 | 0.00 | 0.00 | 2.80 | 0.00 |
| Total assets | 42.2 | 42.2 | 44.9 | 37.5 | 39.7 | 42.9 | 45.6 | 41.7 | 42.2 |
| Total equity | 18.7 | 18.7 | 18.8 | 17.0 | 16.4 | 15.6 | 17.5 | 16.5 | 16.2 |
| Total debt | 5.1 | 5.1 | 7.5 | 3.3 | 1.8 | 2.9 | 2.3 | 2.1 | 5.3 |
| Net cash from operating activities | 3.1 | 3.3 | (2.2) | (3.7) | 5.7 | 1.1 | (0.6) | 5.8 | 4.0 |
| Capital expenditure | (3.0) | (0.3) | (0.3) | (2.2) | (0.2) | (0.1) | (0.1) | (1.3) | (0.9) |
| Free cash flow (operating cash flow − capex) | 0.1 | 3.0 | (2.4) | (5.9) | 5.5 | 1.0 | (0.7) | 4.5 | 3.1 |
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.