Last close · 16 Oct 2026
Rs 90.02 -0.48%
Financials
Maple Leaf Cement Factory Limited (MLCF) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
Maple Leaf Cement Factory Limited (MLCF) reported revenue of Rs 85.1 bn for FY2026 (Jul 2025 – Jun 2026), up 24.0% from FY2025.
Profit attributable to shareholders was Rs 11.9 bn (EPS Rs 11.34), up 3.3%, a net margin of 14.8%.
No cash dividend was declared for FY2026.
Net debt stood at Rs 69.5 bn.
Return on equity was 15.4%.
Over the last five years revenue grew at a compound 19.0% a year.
At Rs 90.02 (close on 16 Oct 2026) the shares trade at 7.9× earnings (FY2026) and 1.14× book value.
Fundamentals
MLCF at a glance
Revenue · FY2026
Rs 85.1 bn
▲ 24.0% year on year
Profit attributable to shareholders · FY2026
Rs 11.9 bn
▲ 3.3% year on year
EPS – basic (Rs) · FY2026
Rs 11.34
▲ 3.3% year on year
Dividend per share (Rs) · FY2026
Rs 0.00
Net margin · FY2026
14.8%
-2.0 pts year on year
Debt to equity · FY2026
89.0%
+65.8 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 85.1 bn
- Profit attributable · FY2026
- Rs 11.9 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 242.4 bn
- Equity · FY2026
- Rs 83.0 bn
Financial highlights
MLCF financial results
| 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 | 85.1 | 68.7 | 66.5 | 62.1 | 48.5 |
| Gross profit | 31.6 | 25.4 | 22.4 | 19.4 | 13.2 |
| Operating profit | 23.4 | 17.8 | 14.3 | 13.9 | 10.1 |
| Profit after tax | 12.6 | 11.5 | 6.9 | 5.8 | 4.6 |
| Profit attributable to shareholders | 11.9 | 11.5 | 6.9 | 5.8 | 4.6 |
| EPS – basic (Rs) Rs | 11.34 | 10.98 | 6.51 | 5.38 | 4.15 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 242.4 | 118.7 | 100.3 | 89.6 | 82.5 |
| Total equity | 94.2 | 71.0 | 57.6 | 47.9 | 42.3 |
| Total debt | 83.8 | 16.4 | 15.4 | 19.3 | 23.3 |
| Net cash from operating activities | 17.8 | 16.3 | 9.3 | 17.7 | 8.2 |
| Capital expenditure | (6.7) | (3.6) | (5.5) | (9.1) | (15.9) |
| Free cash flow (operating cash flow − capex) | 11.1 | 12.7 | 3.7 | 8.6 | (7.7) |
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 85.1 | 28.2 | 21.5 | 18.9 | 16.5 | 17.3 | 16.6 | 19.0 | 15.7 |
| Gross profit | 31.6 | 12.3 | 7.1 | 6.6 | 5.6 | 7.0 | 5.9 | 7.6 | 5.0 |
| Operating profit | 24.5 | 10.1 | 5.0 | 4.9 | 4.5 | 6.5 | 4.3 | 6.8 | 2.8 |
| Profit after tax | 12.6 | 4.8 | 1.9 | 3.1 | 2.7 | 3.6 | 2.8 | 3.7 | 1.3 |
| Profit attributable to shareholders | 11.9 | 4.3 | 1.8 | 3.1 | 2.7 | 3.6 | 2.8 | 3.7 | 1.3 |
| EPS – basic (Rs) Rs | 11.52 | 4.07 | 1.86 | 2.98 | 2.60 | 3.47 | 2.67 | 3.57 | 1.28 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 242.4 | 242.4 | 249.3 | 128.7 | 122.3 | 118.7 | 113.8 | 149.1 | 108.9 |
| Total equity | 94.2 | 94.2 | 86.4 | 80.1 | 75.1 | 71.0 | 66.5 | 63.8 | 59.6 |
| Total debt | 83.8 | 83.8 | 95.1 | 12.6 | 13.8 | 16.4 | 16.1 | 52.2 | 19.7 |
| Net cash from operating activities | 17.8 | (13.2) | 20.3 | 7.9 | 2.8 | 4.3 | 2.7 | 9.9 | (0.6) |
| Capital expenditure | (77.2) | (0.2) | (73.6) | (2.5) | (0.9) | (0.4) | (0.9) | (1.2) | (1.1) |
| Free cash flow (operating cash flow − capex) | (59.4) | (13.4) | (53.3) | 5.4 | 1.8 | 3.9 | 1.7 | 8.6 | (1.6) |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.