Pioneer Cement Limited (PIOC) conducted an analyst briefing to discuss its FY25 and 1QFY26 financial results, as well as the company’s future outlook. The following are the key highlights as reported by AKD Research:

·        Company reported profitability of PkR4.9bn (EPS: PkR21.47) in FY25, a 5.8%YoY decline from PkR5.2bn (EPS: PkR22.79) in SPLY, given contraction in gross margins.

·        For 1QFY26, earnings increased 25%YoY to PkR1.3bn (EPS: PkR5.6) compared to PkR1.0bn (EPS: PkR4.5) in SPLY, primarily due to 57%YoY reduction in finance cost given declining financing rates and debt levels.

·        Company’s offtakes fell 12.3%YoY to 2.1mn tons in FY25 from 2.4mn tons in SPLY, reflecting a focus on nearby markets to maximize retention. Whereas, during 1QFY26, dispatches increased 18.7% year-over-year (YoY) to 0.55 million tons as the company shifted its strategy toward higher utilization.

https://research.akdsl.com/638984544616503116.pdf

AKD Research