Lahore: Gharibwal Cement Limited (GCL) has announced its financial results for the year ending June 30, 2026, during a board meeting held on September 14, 2026, both in Lahore and via an online platform. The board revealed that, for the second consecutive year, there will be no cash dividend, bonus shares, or right shares distributed to shareholders. Additionally, no other entitlements or price-sensitive information were disclosed.
According to the financial statements attached to the report, GCL's net sales revenue for the fiscal year stood at 22.31 billion rupees, an increase from the previous year's 19.69 billion rupees. The company's cost of sales rose to 18.10 billion rupees from 15.10 billion rupees. Consequently, the gross profit was recorded at 4.21 billion rupees, down from the prior year's 4.59 billion rupees, indicating a moderate move.
Despite a reduction in gross profit, GCL reported a profit after taxation of 2.35 billion rupees, reflecting an increase from the previous fiscal year's 2.20 billion rupees. Earnings per share also rose to 5.86 rupees from 5.51 rupees. The company experienced a notable decrease in finance costs, reducing from 252.19 million rupees to 135.00 million rupees, while finance income increased to 466.96 million rupees from 369.63 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company has scheduled its Annual General Meeting (AGM) for Thursday, October 15, 2026, at 11:00 a.m. The share transfer books will remain closed from October 9 to October 15, 2026, inclusive. The company plans to transmit its annual report through PUCARS at least 21 days before the AGM.
GCL's liquidity position improved significantly, with net cash inflows from operating activities rising to 4.77 billion rupees from 2.97 billion rupees. However, the company reported net cash outflows from investing activities amounting to 2.59 billion rupees, compared to 2.38 billion rupees in the previous fiscal year. The financing activities also witnessed net cash outflows of 221.84 million rupees, which were lower than the prior year's 623.75 million rupees.
The company's total comprehensive income for the year amounted to 2.58 billion rupees, reflecting an upward trajectory in financial health. The balance as of June 30, 2026, showed an increased retained earnings figure of 16.33 billion rupees, up from 13.99 billion rupees in the previous year, marking a very large or significant move.
Gharibwal Cement Limited's strategic financial management, despite not offering dividends or bonus shares, underscores a focus on sustaining growth and maintaining a robust financial position amidst fluctuating market conditions.