Lahore: Maple Leaf Cement Factory Limited (MLCF) has announced a significant acquisition in the cement industry, securing a controlling stake in Pioneer Cement Limited. According to a corporate briefing session report dated October 8, 2026, MLCF has acquired 77.38% of shares in Pioneer Cement Limited, while its associated company, Maple Leaf Capital Limited, has acquired an additional 10.83%. This results in a total shareholding of 88.21% by the Kohinoor Maple Leaf Group (KMLG).
Pioneer Cement Limited, a company listed on the Pakistan Stock Exchange and engaged in the manufacturing and sale of cement, reported net sales of PKR 38.6 billion and a net profit of PKR 6.6 billion for the year ending June 30, 2026. The company boasts an annual cement production capacity of 5.2 million metric tons, further solidifying KMLG's presence in the cement manufacturing sector.
The unconsolidated financial performance of MLCF over the past four years has shown a steady increase in sales and gross profit. In 2026, net sales reached PKR 70.73 billion, up from PKR 62.08 billion in 2023, marking a minor move. Gross profit also saw an increase, culminating at PKR 23.94 billion in 2026. However, profit after taxation experienced fluctuations, with a notable profit of PKR 17.04 billion in 2025, followed by PKR 8.45 billion in 2026.
According to information available from the Pakistan Stock Exchange (PSX), MLCF's total non-current assets witnessed a significant move, escalating from PKR 67.47 billion in 2023 to PKR 159.92 billion in 2026. In contrast, total non-current liabilities also experienced a significant move, rising to PKR 93.36 billion in 2026 from PKR 28.58 billion in 2023. The company's total equity saw a consistent increase, reaching PKR 77.51 billion in 2026.
This acquisition marks a strategic expansion for MLCF and KMLG in the cement sector, positioning them to leverage Pioneer Cement Limited's production capacity and market presence. The transaction underscores the dynamic shifts within the cement industry, as companies seek to consolidate and expand their market share.