Last close · 16 Oct 2026
Rs 45.72 +2.74%
Annual · FY2007 – FY2026
Gharibwal Cement Limited (GWLC) income statement
Gharibwal Cement Limited reported revenue of Rs 22.3 bn for FY2026 (Jul 2025 – Jun 2026), up 13.7% on FY2025. Gross profit came to Rs 4.2 bn, a gross margin of 18.9%. Operating profit was Rs 3.1 bn (an operating margin of 14.0%). Finance cost was Rs 116.3 mn, down 39.6% on FY2025. Tax of Rs 1.1 bn took 31.4% of pre-tax profit. Profit attributable to shareholders was Rs 2.3 bn, up 6.4% on FY2025, or Rs 5.86 per share.
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22.3 | 19.6 | 18.2 | 18.3 | 16.2 | |||||||||||||||
| Cost of revenue | (18.1) | (15.0) | (14.4) | (14.5) | (12.4) | |||||||||||||||
| Gross profit | 4.2 | 4.6 | 3.8 | 3.8 | 3.8 | |||||||||||||||
| Selling, general & administrative expenses | (0.8) | (0.9) | (0.8) | (0.8) | (0.7) | |||||||||||||||
| Operating profit | 3.1 | 3.5 | 2.7 | 2.8 | 2.9 | |||||||||||||||
| Finance cost | (0.1) | (0.2) | (0.2) | (0.1) | (0.1) | |||||||||||||||
| Profit before tax | 3.4 | 3.6 | 2.8 | 2.7 | 2.8 | |||||||||||||||
| Taxation | (1.1) | (1.4) | (1.1) | (1.5) | (1.4) | |||||||||||||||
| Profit after tax | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 | |||||||||||||||
| Profit attributable to shareholders | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 | |||||||||||||||
| Per share & other | ||||||||||||||||||||
| EPS – basic (Rs) Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 | |||||||||||||||
| EPS – diluted (Rs) Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 | |||||||||||||||
| Dividend per share (Rs) Rs | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 | |||||||||||||||
| EBITDA | 4.4 | 4.8 | 4.1 | 3.8 | 3.9 | |||||||||||||||
| Depreciation & amortisation | 1.3 | 1.3 | 1.3 | 1.0 | 1.0 | |||||||||||||||
| Weighted average shares mn | 400.3 | 400.3 | 400.3 | 400.3 | 400.3 | |||||||||||||||
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | +13.7% | +8.0% | -0.8% | +13.1% | +33.8% | |||||||||||||||
| Cost of revenue | +20.4% | +4.5% | -0.9% | +17.1% | +38.9% | |||||||||||||||
| Gross profit | -8.2% | +21.5% | -0.5% | +0.1% | +19.2% | |||||||||||||||
| Selling, general & administrative expenses | -4.3% | +4.4% | +2.2% | +11.3% | +64.0% | |||||||||||||||
| Operating profit | -9.9% | +26.2% | -1.5% | -4.5% | +13.6% | |||||||||||||||
| Finance cost | -39.6% | -15.6% | +167.7% | -2.9% | -5.6% | |||||||||||||||
| Profit before tax | -4.3% | +27.1% | +3.7% | -1.5% | +20.4% | |||||||||||||||
| Taxation | -21.5% | +28.1% | -27.7% | +5.7% | +89.9% | |||||||||||||||
| Profit after tax | +6.4% | +26.5% | +41.4% | -9.0% | -12.7% | |||||||||||||||
| Profit attributable to shareholders | +6.4% | +26.5% | +41.4% | -9.0% | -12.7% | |||||||||||||||
| Per share & other | ||||||||||||||||||||
| EPS – basic (Rs) | +6.4% | +26.5% | +41.4% | -9.0% | -12.7% | |||||||||||||||
| EPS – diluted (Rs) | +6.4% | +26.5% | +41.4% | -9.0% | -12.7% | |||||||||||||||
| Dividend per share (Rs) | -100.0% | — | — | -100.0% | +33.3% | |||||||||||||||
| EBITDA | -7.5% | +17.3% | +8.8% | -4.6% | +8.2% | |||||||||||||||
| Depreciation & amortisation | -1.2% | -0.8% | +38.2% | -4.8% | -4.6% | |||||||||||||||
| Weighted average shares | — | — | — | — | — | |||||||||||||||
Change against the previous fiscal year; shown when the earlier figure is positive.
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |||||||||||||||
| Cost of revenue | (81.1%) | (76.6%) | (79.2%) | (79.3%) | (76.6%) | |||||||||||||||
| Gross profit | 18.9% | 23.4% | 20.8% | 20.7% | 23.4% | |||||||||||||||
| Selling, general & administrative expenses | (3.7%) | (4.4%) | (4.5%) | (4.4%) | (4.5%) | |||||||||||||||
| Operating profit | 14.0% | 17.6% | 15.1% | 15.2% | 18.0% | |||||||||||||||
| Finance cost | (0.5%) | (1.0%) | (1.3%) | (0.5%) | (0.5%) | |||||||||||||||
| Profit before tax | 15.3% | 18.2% | 15.5% | 14.8% | 17.0% | |||||||||||||||
| Taxation | (4.8%) | (7.0%) | (5.9%) | (8.1%) | (8.6%) | |||||||||||||||
| Profit after tax | 10.5% | 11.2% | 9.6% | 6.7% | 8.4% | |||||||||||||||
| Profit attributable to shareholders | 10.5% | 11.2% | 9.6% | 6.7% | 8.4% | |||||||||||||||
| Per share & other | ||||||||||||||||||||
| EBITDA | 19.9% | 24.4% | 22.5% | 20.5% | 24.3% | |||||||||||||||
| Depreciation & amortisation | 5.9% | 6.8% | 7.4% | 5.3% | 6.3% | |||||||||||||||
Each line as a percentage of revenue.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.
All reported line items 129
| Rs bn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 |
|---|---|---|---|---|---|
| Revenue from Goods & Services | 22.3 | 19.6 | 18.2 | 18.3 | 16.2 |
| Sales of Goods & Services - Net - Unclassified | 22.3 | 19.6 | 18.2 | 18.3 | 16.2 |
| Sales Returns, Allowances & Other Revenue Adjustments | — | — | — | — | — |
| Revenue Taxes | — | — | — | — | — |
| Gross Revenue from Business Activities - Total | — | — | — | — | — |
| Revenue from Business Activities - Total | 22.3 | 19.6 | 18.2 | 18.3 | 16.2 |
| Cost of Operating Revenue | 18.1 | 15.0 | 14.4 | 14.5 | 12.4 |
| Cost of Revenues - Total | 18.1 | 15.0 | 14.4 | 14.5 | 12.4 |
| Cost of Revenues - Unclassified | 16.8 | 15.0 | 13.1 | 13.6 | 11.4 |
| Selling, General & Administrative Expenses - Total | 0.8 | 0.9 | 0.8 | 0.8 | 0.7 |
| Selling, General & Administrative Expenses - Unclassified | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 |
| Depreciation in Cost of Revenues | 1.3 | 0.0 | 1.3 | 0.9 | 1.0 |
| Depreciation in Selling, General & Administrative Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues | — | — | — | — | — |
| Amortization of Intangibles in Selling, General & Administrative Expenses | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Material Expenses | — | — | — | — | — |
| Material Expenses - Materials, Inventory, Own Work & Utility - Unclassified | — | — | — | — | — |
| Other Operating Expense/(Income) - Net | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 |
| Other Operating Income - Total | — | — | — | — | 0.1 |
| Materials Purchased | — | — | — | — | — |
| Gross Profit - Industrials/Property - Total | 4.2 | 4.6 | 3.8 | 3.8 | 3.8 |
| Operating Expenses - Total | 19.2 | 16.2 | 15.4 | 15.5 | 13.3 |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | — | — | — | — | — |
| Selling, General & Administrative Expenses - Other - Total | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Advertising Expense | — | — | — | — | — |
| Rental Expense | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Profit before Non-Recurring Income/(Expense) | 3.1 | 3.5 | 2.7 | 2.8 | 2.9 |
| Financing Income/(Expense) - Net - Total | 0.3 | 0.1 | 0.1 | (0.1) | (0.2) |
| Interest Expense - Net of (Interest Income) | (0.1) | (0.1) | (0.0) | (0.2) | (0.0) |
| Other Operating Expense | — | — | — | — | 0.2 |
| Interest Expense - Net of Capitalized Interest | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 |
| Operating Provisions - Increase/(Decrease) | — | — | — | — | — |
| Provision for Doubtful Accounts & Write-off | — | — | — | — | — |
| Non-Interest Financial Income/(Expense) - Total | 0.2 | 0.0 | 0.1 | (0.2) | (0.2) |
| Non-Interest Financial Income/(Expense) - Other - Net | (0.0) | (0.1) | (0.1) | (0.2) | (0.2) |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Other Non-Operating Income/(Expense) - Total | (0.0) | (0.0) | (0.0) | — | — |
| Non-Operating Rental Income | — | — | — | — | — |
| Foreign Exchange Gain/(Loss) - Non-Business | (0.0) | — | (0.0) | — | — |
| Normalized Pre-tax Profit | 3.4 | 3.6 | 2.8 | 2.7 | 2.8 |
| Non-Recurring Income/Expense - Total | 0.0 | 0.0 | 0.0 | — | — |
| Impairment - Tangible & Intangible Fixed Assets | — | — | — | — | — |
| Impairment - Fixed Assets | — | — | — | — | — |
| Interest Income - Non-Bank | 0.2 | 0.3 | 0.2 | 0.2 | 0.1 |
| Interest Expense on Capital Financing - Gross | — | — | — | — | — |
| Dividend & Investment Income | 0.0 | 0.0 | 0.1 | — | — |
| Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) | 0.2 | 0.1 | 0.0 | — | — |
| Fair Value Adjustments - Financial Investments | 0.0 | 0.0 | 0.0 | — | — |
| Non-Recurring Income/(Expense) - Other - Total | — | — | — | — | — |
| Provision for Income Tax Expense- Unclassified | 1.1 | 1.4 | 1.1 | 1.5 | 1.4 |
| Income before Taxes | 3.4 | 3.6 | 2.8 | 2.7 | 2.8 |
| Income Taxes | 1.1 | 1.4 | 1.1 | 1.5 | 1.4 |
| Income Taxes for the Year - Current | — | — | — | — | — |
| Income Taxes - Domestic - Current | — | — | — | — | — |
| Income Taxes - Other (KFAS/NLST) - Current | — | — | — | — | — |
| Income Taxes - Deferred | — | — | — | — | — |
| Net Income after Tax | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Income before Discontinued Operations & Extraordinary Items | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Net Income before Minority Interest | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Net Income after Minority Interest | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Income Available to Common Shares | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| DPS - Common - Gross - Issue - By Period End Date Rs | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Income available to Common excluding Extraordinary Items | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Shares used to calculate Basic EPS - Total mn | 400.3 | 400.3 | 400.3 | 400.3 | 400.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 5.81 | 5.50 | 4.35 | 3.08 | 3.38 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 400.3 | 400.3 | 400.3 | 400.3 | 400.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 5.81 | 5.50 | 4.35 | 3.08 | 3.38 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dilution Adjustment | — | — | — | — | — |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Diluted Income available to Common excluding Extraordinary Items | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Shares used to calculate Diluted EPS - Total mn | 400.3 | 400.3 | 400.3 | 400.3 | 400.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 5.81 | 5.50 | 4.35 | 3.08 | 3.38 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 400.3 | 400.3 | 400.3 | 400.3 | 400.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 5.86 | 5.51 | 4.35 | 3.08 | 3.38 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 5.81 | 5.50 | 4.35 | 3.08 | 3.38 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.90 | 0.90 | 0.00 | 0.90 | 0.00 |
| Earnings before Interest & Taxes (EBIT) | 3.1 | 3.5 | 2.7 | 2.8 | 2.9 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 4.4 | 4.8 | 4.1 | 3.8 | 3.9 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | — | 4.8 | 4.1 | 3.8 | 3.9 |
| Depreciation & Amortization - Supplemental | 1.3 | 0.0 | 1.3 | 1.0 | 1.0 |
| Depreciation Expense - Total - Supplemental | 1.3 | 0.0 | 1.3 | 1.0 | 1.0 |
| Depreciation - Financial Lease Right-of-Use Assets - Supplemental | — | — | — | — | 0.0 |
| Amortization - Total - Supplemental | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Depreciation, Depletion & Amortization - Total | 1.3 | 1.3 | 1.3 | 1.0 | 1.0 |
| Depreciation - Total | 1.3 | 1.3 | 1.3 | 1.0 | 1.0 |
| Amortization of Intangible Assets excluding Goodwill - Total | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Labor & Related Expenses - Total | — | — | — | — | — |
| Labor & Related Expenses - Supplemental | — | — | — | — | — |
| Auditor Fees | — | — | — | — | — |
| Audit-Related Fees | — | — | — | — | — |
| Fees - Other | — | — | — | — | — |
| Normalized after Tax Profit | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Normalized Net Income from Continuing Operations | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Normalized Net Income - Bottom Line | 2.3 | 2.2 | 1.7 | 1.2 | 1.4 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 3.3 | 3.5 | 2.8 | 2.5 | 2.7 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 4.6 | 4.8 | 4.1 | 3.5 | 3.7 |
| Depreciation of Financial Lease Right-of-Use Assets | — | — | — | — | 0.0 |
| Interest Expense on Financial Lease Liabilities - Supplemental | — | — | 0.0 | 0.0 | 0.0 |
| Rental/Operating Lease Expense | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Advertising Expenses - Supplemental | — | — | — | — | — |
| Interest Expense | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 |
| Operating Expenses | 19.2 | 16.2 | 15.4 | 15.5 | 13.3 |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 0.8 | 0.9 | 0.8 | 0.8 | 0.7 |
| Income before Taxes & Provision for Loan Losses | 3.4 | 3.6 | 2.8 | 2.7 | 2.8 |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | 18.1 | 15.0 | 14.4 | 14.5 | 12.4 |
| Cost of Revenues excluding Depreciation | 16.8 | 15.0 | 13.1 | 13.6 | 11.4 |
| DPS - Common - Gross - Issue - By Payable Date Rs | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 |
| Tax Adjusted Operating Income | 2.4 | 2.3 | 1.9 | 1.3 | 1.4 |
| Operating Expenses excluding Non-Cash Charges - Total | 17.9 | 14.8 | 14.1 | 14.6 | 12.3 |
| Income Available to Common Shares before Depreciation & Amortization | 3.7 | 3.5 | 3.1 | 2.2 | 2.4 |
| Fixed Charges | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.