Lahore: Pioneer Cement Limited has announced a substantial increase in its profit after tax for the fiscal year ending June 30, 2026, according to a corporate briefing session held on October 13, 2026. The company's profit after tax rose to 6.59 billion rupees from 4.88 billion rupees in the previous year, marking a significant move of 35.23%.

The company reported a gross turnover of 59.22 billion rupees, up from 50.86 billion rupees in the prior year, reflecting a 16.44% increase. This growth in turnover was accompanied by a net turnover increase to 38.58 billion rupees, a 15.82% rise from the previous year. Despite an 18.07% increase in the cost of sales, which totaled 27.00 billion rupees, the gross profit stood at 11.58 billion rupees, representing a 10.89% increase.

The company saw a noticeable rise in operating profit, which reached 10.34 billion rupees, a 12.48% increase from the previous year. Additionally, other income surged by 92.99%, totaling 487 million rupees. However, Pioneer Cement experienced a loss on investment amounting to 7 million rupees, contrasting with a gain of 65 million rupees the previous year, a very large or significant move of -110.22%.

Finance costs were reduced by 55.07%, amounting to 633 million rupees, contributing to a profit before tax of 10.19 billion rupees, up 25.75% from the prior year. Taxation expenses increased by 11.42% to 3.60 billion rupees, yet the profit after tax demonstrated a strong performance with a 35.23% increase.

The earnings per share also reflected this growth, rising to 29.03 rupees from 21.47 rupees. The company's EBITDA reached 13.73 billion rupees, an 8.59% increase over the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's total assets as of June 30, 2026, were valued at 79.44 billion rupees, down from 86.37 billion rupees the previous year. This decline was primarily due to a reduction in property, plant, and equipment, which decreased to 65.74 billion rupees from 74.10 billion rupees in the prior year.

The company's total equity increased to 49.52 billion rupees from 47.13 billion rupees, driven by an increase in unappropriated profits, which rose to 29.44 billion rupees from 22.71 billion rupees. Non-current liabilities decreased significantly, with long-term financing eliminated and deferred liabilities and deposits reduced to 18.79 billion rupees from 22.63 billion rupees.

Current liabilities also saw a reduction, totaling 11.12 billion rupees from 13.11 billion rupees the previous year. This was largely due to the elimination of short-term borrowings, which stood at 5.39 billion rupees in 2025, and a decrease in other current liabilities.

Pioneer Cement Limited, listed under the Cement sector on the Pakistan Stock Exchange, continues to focus on optimizing its financial performance amid changing market dynamics.