Maple Leaf Cement is anticipated to report a PAT of PKR 2,101mn (EPS: PKR 2.01) for 4QFY25, reflecting an impressive 115% YoY increase. Sales revenue for the quarter is expected to reach PKR 17,603mn, up 12% YoY, supported by higher retention prices and export dispatches.

Gross margins are estimated at 30.21%, down 5.12% YoY. The decline is likely attributed to a higher share of export dispatches, which typically carry lower margins compared to local sales.
The average price of a 50kg cement bag rose 11.62% YoY to 1,412 in June 2025, up from 1,265 in June 2024.

Coal prices averaged USD 89.57/ton in 4QFY25, down 6.3% QoQ from USD 95.56/ton in 3QFY25 and 16.8% YoY from USD 107.70/ton in 4QFY24.

The average discount rate stood at 11% in 4QFY25, down from 20.5% in 4QFY24 and 12% in 3QFY25, reflecting a sharp decline of 9.5ppt YoY and 1ppt QoQ. As a result, finance costs are expected to fall by ~62% YoY.

Local dispatches reached 914,634 tons in 4QFY25, showing a 7.11% YoY increase from 853,875 tons in 4QFY24. However, on a QoQ basis, dispatches declined by 2.83%, compared to 941,281 tons in 3QFY25.
Export dispatches rose 75% YoY to 89,357 tons, compared to 51,019 tons in the same period last year, while posting an increase of 233% QoQ from 26,762 in 3QFY25.

Courtesy – AHCML Research