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Cement

FLYNG Flying Cement Company Limited

Latest results: FY2025 · Jun 2025 Q3 FY2026 · Jan – Mar 2026

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Last close · 16 Oct 2026

Rs 32.67 -0.24%

Quarterly · Q4 FY2021 – Q3 FY2026

Flying Cement Company Limited (FLYNG) quarterly balance sheet

At the end of Q3 FY2026 (Jan – Mar 2026) Flying Cement Company Limited had total assets of Rs 30.1 bn, up 10.7% on Q3 FY2025. Current assets of Rs 4.6 bn covered current liabilities of Rs 12.2 bn 0.38 times. Total debt was Rs 5.1 bn, net debt Rs 4.9 bn. Shareholders' equity was Rs 12.9 bn (Rs 18.53 per share), 42.8% of total assets.

FLYNG balance sheet (quarterly) (Rs bn)
Rs bn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024
Assets
Cash & short-term investments 0.3 0.3 0.1 0.4 0.1 0.2 0.1 0.1
Trade receivables 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Inventories 2.4 1.7 1.4 1.7 1.7 1.7 1.9 1.4
Total current assets 4.6 3.7 2.4 2.7 2.4 2.8 2.7 2.2
Property, plant & equipment 25.4 25.5 25.5 25.5 24.8 24.7 23.4 23.2
Other non-current assets 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total non-current assets 25.5 25.5 25.5 25.5 24.8 24.8 23.5 23.2
Total assets 30.1 29.2 27.9 28.2 27.2 27.5 26.2 25.4
Liabilities
Trade payables 9.9 9.5 8.2 8.7 8.8 8.6 6.9 5.8
Short-term borrowings & current portion of debt 2.3 1.8 1.7 1.4 1.1 0.9 1.9 1.8
Total current liabilities 12.2 11.3 10.0 10.1 9.9 9.6 9.1 7.9
Long-term debt 2.8 3.1 3.2 3.7 4.0 4.3 3.7 4.5
Other non-current liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total non-current liabilities 5.0 5.3 5.5 5.8 4.7 5.0 4.3 5.1
Total liabilities 17.2 16.5 15.5 15.9 14.6 14.6 13.4 13.0
Equity
Share capital 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9
Reserves & retained earnings 5.9 5.7 5.5 5.4 5.6 6.0 5.9 5.4
Equity attributable to shareholders 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Non-controlling interest 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total equity 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Total liabilities & equity 30.1 29.2 27.9 28.2 27.2 27.5 26.2 25.4
Key figures
Total debt 5.1 4.8 5.0 5.1 5.1 5.2 5.6 6.3
Net debt / (net cash) 4.9 4.5 4.9 4.7 5.0 5.0 5.5 6.2
Shares outstanding mn 694.8 694.8 694.8 694.8 694.8 694.8 694.8 694.8
Common equity 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Book value per share (Rs) Rs 18.53 18.23 17.93 17.74 18.08 18.58 18.44 17.77
FLYNG balance sheet — year-on-year change (Rs mn)
Rs mn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024
Assets
Cash & short-term investments +123.6% +111.7% -33.5% +189.2% +49.3% +263.2% +132.0% +118.6%
Trade receivables +18.2% -10.1% +6.7% -19.5% +2.6% +12.1% -22.9% +11.9%
Inventories +44.7% -2.7% -24.3% +24.1% +27.3% +20.4% +74.5% +48.4%
Total current assets +96.1% +33.6% -10.5% +25.0% -0.0% +10.0% +34.7% +22.2%
Property, plant & equipment +2.5% +3.0% +8.7% +10.0% +7.8% +8.9% +9.0% +9.4%
Other non-current assets +102.2% -0.0% 0.0% -0.0% 0.0% 0.0% -0.0% 0.0%
Total non-current assets +2.6% +3.0% +8.7% +10.0% +7.7% +8.9% +9.0% +9.4%
Total assets +10.7% +6.1% +6.7% +11.2% +7.0% +9.0% +11.2% +10.4%
Liabilities
Trade payables +13.2% +9.9% +19.7% +49.6% +54.4% +54.3% +74.5% +64.7%
Short-term borrowings & current portion of debt +103.3% +89.9% -8.2% -20.9% -24.4% -17.7% +145.5% +38.5%
Total current liabilities +23.6% +16.8% +10.2% +27.3% +30.3% +34.6% +74.3% +49.2%
Long-term debt -29.4% -28.2% -12.9% -19.2% -19.2% -18.9% -33.0% -9.6%
Other non-current liabilities +13.9% +9.9% +18.9% +26.4% +26.4% +48.6% +42.1% +25.5%
Total non-current liabilities +5.5% +6.0% +27.4% +13.9% -10.2% -11.7% -28.0% -5.2%
Total liabilities +17.7% +13.1% +15.7% +22.1% +13.7% +14.2% +19.7% +21.9%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings +5.6% -4.1% -6.0% -0.4% +0.3% +8.2% +7.9% +1.0%
Equity attributable to shareholders +2.5% -1.9% -2.7% -0.2% +0.1% +3.6% +3.5% +0.4%
Non-controlling interest — — — — — — — —
Total equity +2.5% -1.9% -2.7% -0.2% +0.1% +3.6% +3.5% +0.4%
Total liabilities & equity +10.7% +6.1% +6.7% +11.2% +7.0% +9.0% +11.2% +10.4%
Key figures
Total debt +0.4% -7.0% -11.3% -19.7% -20.4% -18.7% -11.2% +0.1%
Net debt / (net cash) -2.7% -10.7% -11.0% -24.3% -21.3% -20.6% -12.1% -1.1%
Shares outstanding — — — — — — — —
Common equity +2.5% -1.9% -2.7% -0.2% +0.1% +3.6% +3.5% +0.4%
Book value per share (Rs) +2.5% -1.9% -2.7% -0.2% +0.1% +3.6% +3.5% +0.4%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

FLYNG balance sheet — common size (Rs mn)
Rs mn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024
Assets
Cash & short-term investments 0.9% 1.1% 0.2% 1.4% 0.5% 0.6% 0.4% 0.5%
Trade receivables 0.8% 0.7% 0.7% 0.5% 0.7% 0.8% 0.7% 0.8%
Inventories 8.1% 5.7% 5.1% 5.9% 6.2% 6.2% 7.2% 5.3%
Total current assets 15.4% 12.7% 8.6% 9.5% 8.7% 10.0% 10.3% 8.5%
Property, plant & equipment 84.4% 87.2% 91.2% 90.3% 91.2% 89.8% 89.6% 91.4%
Other non-current assets 0.2% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1%
Total non-current assets 84.6% 87.3% 91.4% 90.5% 91.3% 90.0% 89.7% 91.5%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 32.9% 32.5% 29.5% 30.9% 32.2% 31.4% 26.3% 22.9%
Short-term borrowings & current portion of debt 7.7% 6.1% 6.3% 4.9% 4.2% 3.4% 7.3% 7.0%
Total current liabilities 40.7% 38.6% 35.8% 35.8% 36.4% 35.0% 34.6% 31.3%
Long-term debt 9.3% 10.5% 11.6% 13.0% 14.6% 15.5% 14.3% 17.8%
Other non-current liabilities 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1%
Total non-current liabilities 16.6% 18.0% 19.6% 20.5% 17.4% 18.1% 16.4% 20.0%
Total liabilities 57.2% 56.6% 55.4% 56.3% 53.8% 53.1% 51.1% 51.3%
Equity
Share capital 23.1% 23.8% 24.9% 24.6% 25.5% 25.2% 26.5% 27.4%
Reserves & retained earnings 19.7% 19.6% 19.7% 19.1% 20.6% 21.7% 22.4% 21.3%
Equity attributable to shareholders 42.8% 43.4% 44.6% 43.7% 46.2% 46.9% 48.9% 48.7%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 42.8% 43.4% 44.6% 43.7% 46.2% 46.9% 48.9% 48.7%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 17.0% 16.6% 17.9% 17.9% 18.8% 18.9% 21.5% 24.8%
Net debt / (net cash) 16.1% 15.4% 17.7% 16.5% 18.3% 18.3% 21.2% 24.3%
Common equity 42.8% 43.4% 44.6% 43.7% 46.2% 46.9% 48.9% 48.7%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.

All reported line items 94
FLYNG balance sheet — all reported line items (Rs bn)
Rs bn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024
Cash & Cash Equivalents 0.3 0.3 0.1 0.4 0.1 0.2 0.1 0.1
Cash & Short Term Investments 0.3 0.3 0.1 0.4 0.1 0.2 0.1 0.1
Loans & Receivables - Net - Short-Term 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Loans & Receivables - Total 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Trade Accounts & Trade Notes Receivable - Net 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Inventories - Total 2.4 1.7 1.4 1.7 1.7 1.7 1.9 1.4
Inventories - Raw Materials 1.0 0.3 0.3 0.3 0.4 0.3 0.2 0.1
Inventories - Other - Total 1.5 1.4 1.1 1.4 1.3 1.4 1.7 1.2
Prepaid Expenses - Short-Term 1.7 1.5 0.7 0.5 0.4 0.7 0.5 0.5
Property, Plant & Equipment - Net - Total 25.4 25.5 25.5 25.5 24.8 24.7 23.4 23.2
Other Assets - Total 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Current Assets 4.6 3.7 2.4 2.7 2.4 2.8 2.7 2.2
Total Assets 30.1 29.2 27.9 28.2 27.2 27.5 26.2 25.4
Debt - Total 5.1 4.8 5.0 5.1 5.1 5.2 5.6 6.3
Short-Term Debt & Current Portion of Long-Term Debt 2.3 1.8 1.7 1.4 1.1 0.9 1.9 1.8
Current Portion of Long-Term Debt including Capitalized Leases 1.5 1.6 1.5 1.1 0.9 0.6 1.7 1.4
Short-Term Debt & Notes Payable 0.8 0.2 0.2 0.3 0.2 0.3 0.2 0.4
Debt - Long-Term - Total 2.8 3.1 3.2 3.7 4.0 4.3 3.7 4.5
Current Portion of Long-Term Debt excluding Capitalized Leases 1.5 1.6 1.5 1.1 0.9 0.6 1.7 1.4
Long-Term Debt excluding Capitalized Leases 2.8 3.1 3.2 3.7 4.0 4.3 3.7 4.5
Other Non-Current Assets - Total 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Debt - Non-Convertible - Long-Term 2.8 3.1 3.2 3.7 4.0 4.3 3.7 4.5
Dividends Payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Deferred Tax & Investment Tax Credits - Long-Term 2.2 2.2 2.2 2.1 0.7 0.7 0.5 0.5
Deferred Tax - Liability - Long-Term 2.2 2.2 2.2 2.1 0.7 0.7 0.5 0.5
Payables & Accrued Expenses 9.9 9.5 8.2 8.7 8.8 8.6 6.9 5.8
Trade Account Payables - Total 9.9 9.5 8.2 8.7 8.8 8.6 6.9 5.8
Other Non-Current Assets 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Liabilities 17.2 16.5 15.5 15.9 14.6 14.6 13.4 13.0
Shareholders' Equity - Attributable to Parent Shareholders - Total 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Total Non-Current Assets 25.5 25.5 25.5 25.5 24.8 24.8 23.5 23.2
Common Equity Attributable to Parent Shareholders 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Common Equity - Contributed 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9
Common Stock - Issued & Paid 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9
Equity - Non-Contributed - Reserves & Retained Earnings 5.9 5.7 5.5 5.4 5.6 6.0 5.9 5.4
Retained Earnings - Total 2.9 2.7 2.4 2.3 1.9 1.7 1.6 1.6
Trade Accounts Payable & Accruals - Short-Term 9.9 9.5 8.2 8.7 8.8 8.6 6.9 5.8
Comprehensive Income - Accumulated - Total 3.0 3.1 3.1 3.1 3.8 3.8 3.8 3.8
Trade Accounts & Trade Notes Payable - Short-Term 9.9 9.5 8.2 8.7 8.8 8.6 6.9 5.8
Other Reserves/Equity - Total 0.0 0.0 0.0 0.0 0.0 0.5 0.5 0.1
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities - Total — — — — 0.0 0.1 0.3 0.4
Common Equity - Total 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Total Liabilities & Equity 30.1 29.2 27.9 28.2 27.2 27.5 26.2 25.4
Provisions - Short-Term — — — — 0.0 0.1 0.3 0.4
Revaluation Reserves 3.0 3.1 3.1 3.1 3.8 3.8 3.8 3.8
Total Current Liabilities 12.2 11.3 10.0 10.1 9.9 9.6 9.1 7.9
Other Non-Current Liabilities - Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Non-Current Liabilities 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Non-Current Liabilities 5.0 5.3 5.5 5.8 4.7 5.0 4.3 5.1
Common Shares - Issued - Total mn 694.8 694.8 694.8 694.8 694.8 694.8 694.8 694.8
Common Shares - Outstanding - Total mn 694.8 694.8 694.8 694.8 694.8 694.8 694.8 694.8
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 1,000.0 1,000.0 1,000.0 1,000.0 800.0 800.0 800.0 800.0
Common Shares - Issued - Issue Specific mn 694.8 694.8 694.8 694.8 694.8 694.8 694.8 694.8
Common Shares - Outstanding - Issue Specific mn 694.8 694.8 694.8 694.8 694.8 694.8 694.8 694.8
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Debt including Finance and Operating Lease Liabilities - Supplemental 5.1 4.8 5.0 5.1 5.1 5.2 5.6 6.3
Net Debt 4.9 4.5 4.9 4.7 5.0 5.0 5.5 6.2
Asset Accruals 29.8 28.9 27.9 27.8 27.1 27.4 26.1 25.2
Cash & Cash Equivalents - Total 0.3 0.3 0.1 0.4 0.1 0.2 0.1 0.1
Cash & Short Term Investments - Total 0.3 0.3 0.1 0.4 0.1 0.2 0.1 0.1
Debt - including Preferred Equity & Minority Interest - Total 5.1 4.8 5.0 5.1 5.1 5.2 5.6 6.3
Net Book Capital 17.7 17.2 17.4 17.0 17.6 18.0 18.4 18.5
Net Operating Assets 17.7 17.2 17.4 17.0 17.6 18.0 18.4 18.5
Provisions - Total 2.2 2.2 2.2 2.1 0.7 0.8 0.8 0.9
Shareholders Equity - Common 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Tangible Total Equity 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Tangible Book Value 12.9 12.7 12.5 12.3 12.6 12.9 12.8 12.3
Total Book Capital 18.0 17.5 17.5 17.4 17.7 18.1 18.4 18.6
Total Capital 18.0 17.5 17.5 17.4 17.7 18.1 18.4 18.6
Total Long Term Capital 17.9 17.9 17.9 18.1 17.3 17.9 17.1 17.4
Book Value excluding Other Equity 12.9 12.7 12.5 12.3 12.6 12.4 12.3 12.3
Accruals - Short-Term (7.9) (7.9) (7.6) (7.8) (7.7) (7.0) (6.5) (5.9)
Cash & Short Term Investments - Net of Debt (4.9) (4.5) (4.9) (4.7) (5.0) (5.0) (5.5) (6.2)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 1.5 1.6 1.5 1.1 0.9 0.6 1.7 1.4
Total Fixed Assets - Net 25.5 25.5 25.5 25.5 24.8 24.8 23.5 23.2
Working Capital (7.6) (7.6) (7.6) (7.4) (7.6) (6.9) (6.4) (5.8)
Interest Bearing Liabilities - Total 5.1 4.8 5.0 5.1 5.1 5.2 5.6 6.3
Working Capital - Non-Cash (7.9) (7.9) (7.6) (7.8) (7.7) (7.0) (6.5) (5.9)
Working Capital excluding Other Current Assets & Liabilities — — — — (7.5) (6.8) (6.1) (5.4)
Net Debt Including Preferred Equity & Minority Interest 4.9 4.5 4.9 4.7 5.0 5.0 5.5 6.2
Other Short-Term & Long-Term Assets - Total 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Short-Term & Long-Term Liabilities - Total 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.4
Total Current Assets excluding Total Inventories 2.2 2.0 1.0 1.0 0.7 1.0 0.8 0.8
Tangible Book Value excluding Other Equity 12.9 12.7 12.5 12.3 12.6 12.4 12.3 12.3
Total Debt Excluding Islamic 5.1 4.8 5.0 5.1 5.1 5.2 5.6 6.3
Trade Accounts & Trade Notes Receivable - Net - Total 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Current Liabilities excluding Current Debt - Total 9.9 9.5 8.2 8.7 8.8 8.7 7.2 6.2
Cash in Hand & with Banks - Total 0.3 0.3 0.1 0.4 0.1 0.2 0.1 0.1
Current Assets excluding Cash & Short Term Investments - Total 4.4 3.4 2.3 2.3 2.2 2.6 2.6 2.0
Cash, Short Term Investments & Accounts Receivable - Total 0.5 0.5 0.3 0.5 0.3 0.4 0.3 0.3

Every line the company reported, in the original order and wording, without regrouping or signs changed.