FCCL is expected to announce a profit after tax of PKR 4,629 million (EPS: PKR 1.88) in 4QFY25, reflecting a remarkable gain of 292% year-over-year (YoY).
During this quarter, sales are projected to reach PKR 23,647 million, indicating a 15% increase YoY. Gross margins are estimated at 40.72%, representing a 4.5% improvement YoY, primarily due to lower fuel and coal prices as well as enhanced cost efficiencies. The company’s investment in renewable energy has also contributed to this margin expansion.
The average price of a 50kg cement bag rose by 11.62% YoY to PKR 1,412 in June 2025, up from PKR 1,265 in June 2024.
Coal prices averaged USD 89.57 per ton in 4QFY25, down 6.3% quarter-over-quarter (QoQ) from USD 95.56 per ton in 3QFY25 and down 16.8% YoY from USD 107 (USD 107.70 per ton) in 4QFY24.
The average discount rate was 11% in 4QFY25, a decrease from 20.5% in 4QFY24 and 12% in 3QFY25. This reflects a significant drop of 9.5 percentage points YoY and 1 percentage point QoQ. Consequently, finance costs are expected to decline by 52% YoY, further supported by a reduction in long-term borrowings from financial institutions.
We estimate a dividend per share (DPS) of PKR 1.5 for the period, reflecting the company’s improved profitability.
Local dispatches reached 1,182,533 tons in 4QFY25, a 2.04% YoY increase from 1,158,855 tons in 4QFY24. On a QoQ basis, this represents a 2.38% rise from 1,154,983 tons reported in 3QFY25.
Export dispatches surged by 45% YoY to 201,605 tons in 4QFY25, compared to 138,889 tons in the same period last year. However, on a QoQ basis, exports saw a significant increase of 426.86%, rising from 38,265 tons in 3QFY25.
