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Cement

PIOC Pioneer Cement Limited

Latest results: FY2026 · Jun 2026

Watch PIOC · free results alerts

Last close · 16 Oct 2026

Rs 231.69 +0.26%

Annual · FY2007 – FY2026

Pioneer Cement Limited (PIOC) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) Pioneer Cement Limited had total assets of Rs 79.4 bn, down 8.0% on FY2025. Current assets of Rs 12.5 bn covered current liabilities of Rs 11.1 bn 1.13 times. Total debt was Rs 0, leaving net cash of Rs 2.0 bn. Shareholders' equity was Rs 49.5 bn (Rs 218.02 per share), 62.3% of total assets.

PIOC balance sheet (annual) (Rs bn)
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
Assets
Cash & short-term investments 2.0 3.6 0.6 0.8 1.0
Trade receivables 1.8 1.8 1.9 1.8 1.7
Inventories 8.0 6.0 5.4 6.1 5.0
Other current assets 0.0 0.0 — — —
Total current assets 12.5 11.5 8.1 8.9 8.5
Property, plant & equipment 65.7 74.1 76.2 77.8 63.2
Intangible assets — — — — —
Long-term investments 1.1 0.7 0.7 0.1 0.1
Other non-current assets 0.1 0.1 0.1 0.3 0.1
Total non-current assets 66.9 74.9 77.0 78.2 63.4
Total assets 79.4 86.4 85.1 87.2 71.9
Liabilities
Trade payables 4.0 3.1 3.6 5.4 5.0
Short-term borrowings & current portion of debt 0.0 5.4 7.2 9.5 8.4
Total current liabilities 11.1 13.1 14.7 18.9 17.8
Long-term debt 0.0 3.5 3.3 8.0 13.8
Other non-current liabilities 0.5 0.4 0.3 0.3 0.2
Total non-current liabilities 18.8 26.1 24.7 27.8 24.3
Total liabilities 29.9 39.2 39.4 46.6 42.1
Equity
Share capital 2.3 2.3 2.3 2.3 2.3
Reserves & retained earnings 47.1 44.7 43.2 38.1 27.3
Equity attributable to shareholders 49.5 47.1 45.7 40.5 29.8
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 49.5 47.1 45.7 40.5 29.8
Total liabilities & equity 79.4 86.4 85.1 87.2 71.9
Key figures
Total debt 0.0 8.9 10.5 17.5 22.2
Net debt / (net cash) (2.0) 5.3 9.9 16.7 21.3
Shares outstanding mn 227.1 227.1 227.1 227.1 227.1
Common equity 49.5 47.1 45.7 40.5 29.8
Book value per share (Rs) Rs 218.02 207.47 201.07 178.39 131.07
PIOC balance sheet — year-on-year change (Rs mn)
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
Assets
Cash & short-term investments -46.2% +527.4% -28.2% -15.8% -27.3%
Trade receivables -0.8% -4.2% +2.1% +6.9% +28.1%
Inventories +34.4% +10.1% -10.7% +20.4% +34.8%
Other current assets -11.4% — — — —
Total current assets +9.1% +41.8% -9.1% +5.3% +1.0%
Property, plant & equipment -11.3% -2.8% -2.0% +23.0% +47.3%
Intangible assets — — — — —
Long-term investments +60.0% +1.0% +605.3% +5.0% +2.2%
Other non-current assets -22.9% +27.8% -75.7% +286.4% +37.7%
Total non-current assets -10.7% -2.7% -1.6% +23.4% +47.2%
Total assets -8.0% +1.5% -2.4% +21.2% +39.6%
Liabilities
Trade payables +27.9% -13.0% -33.7% +8.3% +57.5%
Short-term borrowings & current portion of debt -100.0% -25.2% -23.8% +12.0% -18.5%
Total current liabilities -15.2% -10.9% -22.0% +6.1% +4.7%
Long-term debt -100.0% +6.0% -58.9% -41.7% -18.0%
Other non-current liabilities +20.2% +18.3% +18.5% +10.7% -76.0%
Total non-current liabilities -28.1% +5.8% -11.0% +14.1% +25.4%
Total liabilities -23.8% -0.4% -15.5% +10.7% +15.8%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings +5.4% +3.4% +13.5% +39.4% +116.2%
Equity attributable to shareholders +5.1% +3.2% +12.7% +36.1% +97.2%
Non-controlling interest — — — — —
Total equity +5.1% +3.2% +12.7% +36.1% +97.2%
Total liabilities & equity -8.0% +1.5% -2.4% +21.2% +39.6%
Key figures
Total debt -100.0% -15.4% -39.9% -21.3% -18.2%
Net debt / (net cash) -137.1% -47.0% -40.5% -21.5% -17.7%
Shares outstanding — — — — —
Common equity +5.1% +3.2% +12.7% +36.1% +97.2%
Book value per share (Rs) +5.1% +3.2% +12.7% +36.1% +97.2%

Change against the previous fiscal year; shown when the earlier figure is positive.

PIOC balance sheet — common size (Rs mn)
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
Assets
Cash & short-term investments 2.5% 4.2% 0.7% 0.9% 1.3%
Trade receivables 2.2% 2.1% 2.2% 2.1% 2.4%
Inventories 10.1% 6.9% 6.4% 7.0% 7.0%
Other current assets 0.0% 0.0% — — —
Total current assets 15.8% 13.3% 9.5% 10.2% 11.8%
Property, plant & equipment 82.8% 85.8% 89.6% 89.3% 88.0%
Intangible assets — — — — —
Long-term investments 1.4% 0.8% 0.8% 0.1% 0.1%
Other non-current assets 0.1% 0.1% 0.1% 0.4% 0.1%
Total non-current assets 84.2% 86.7% 90.5% 89.8% 88.2%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 5.1% 3.6% 4.2% 6.2% 7.0%
Short-term borrowings & current portion of debt 0.0% 6.2% 8.5% 10.8% 11.7%
Total current liabilities 14.0% 15.2% 17.3% 21.7% 24.7%
Long-term debt 0.0% 4.1% 3.9% 9.2% 19.2%
Other non-current liabilities 0.6% 0.4% 0.4% 0.3% 0.3%
Total non-current liabilities 23.7% 30.3% 29.0% 31.8% 33.8%
Total liabilities 37.7% 45.4% 46.3% 53.5% 58.6%
Equity
Share capital 2.9% 2.6% 2.7% 2.6% 3.2%
Reserves & retained earnings 59.2% 51.7% 50.8% 43.7% 38.0%
Equity attributable to shareholders 62.3% 54.6% 53.7% 46.5% 41.4%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 62.3% 54.6% 53.7% 46.5% 41.4%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 0.0% 10.3% 12.3% 20.1% 30.9%
Net debt / (net cash) (2.5%) 6.1% 11.7% 19.1% 29.6%
Common equity 62.3% 54.6% 53.7% 46.5% 41.4%

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 15 Oct 2026.

All reported line items 189
PIOC balance sheet — all reported line items (Rs bn)
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
Cash & Cash Equivalents 0.7 0.6 0.2 0.2 0.3
Cash & Short Term Investments 2.0 3.6 0.6 0.8 1.0
Short-Term Investments - Total 1.2 3.1 0.4 0.6 0.6
Loans & Receivables - Net - Short-Term 1.9 1.9 1.9 1.8 2.2
Loans & Receivables - Total 1.9 1.9 1.9 1.8 2.2
Trade Accounts & Trade Notes Receivable - Net 1.8 1.8 1.9 1.8 1.7
Trade Accounts & Trade Notes Receivable - Gross 1.9 1.9 2.0 1.9 1.7
Provision - Trade Accounts & Trade Notes Receivable 0.2 0.2 0.2 0.1 0.0
Loans - Short-Term 0.0 0.0 0.0 0.0 0.0
Income Tax - Receivables - Short-Term — — — 0.0 0.5
Receivables - Other - Total 0.2 0.1 0.1 0.0 0.0
Accounts & Notes Receivable - Trade - Gross - Total 1.9 1.9 2.0 1.9 1.7
Inventories - Total 8.0 6.0 5.4 6.1 5.0
Inventories - Raw Materials 0.3 0.2 0.2 0.3 0.2
Inventories - Work in Progress 1.9 1.0 1.1 0.7 0.2
Inventories - Finished Goods 0.3 0.3 0.2 0.6 0.2
Inventories - Other - Total 5.5 4.5 4.0 4.4 4.5
Prepaid Expenses - Short-Term 0.6 0.0 0.2 0.2 0.3
Investments - Total 2.3 3.7 1.0 0.7 0.7
Other Current Assets - Total 0.0 0.0 — — —
Property, Plant & Equipment - Net - Total 65.7 74.1 76.2 77.8 63.2
Restricted Accounts - Short-Term 0.0 0.0 — — —
Property, Plant & Equipment - Gross - Total 100.6 107.2 106.2 105.0 80.3
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total 34.9 33.1 30.0 27.2 17.1
Other Current Assets — — — — —
Other Assets - Total 0.1 0.1 0.1 0.3 0.1
Intangible Assets - Total - Net — — — — —
Total Current Assets 12.5 11.5 8.1 8.9 8.5
Intangible Assets - excluding Goodwill - Net - Total — — — — —
Investments - Long-Term 1.1 0.7 0.7 0.1 0.1
Investment Property - Net 1.1 0.7 0.7 0.1 0.1
Investments - Available for Sale/Held to Maturity - Long-Term — — — — —
Intangible Assets - Gross - Total — — — — —
Intangible Assets - excluding Goodwill - Gross — — — — —
Intangible Assets - Accumulated Amortization & Impairment - Total — — — — —
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total — — — — —
Computer Software - Intangible Assets - Net — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 65.7 74.1 76.2 77.8 63.2
Land & Buildings - Net 6.7 6.5 4.7 4.9 4.1
Land/Improvements - Net 0.8 0.7 0.7 0.7 0.7
Buildings - Net 5.9 5.8 4.0 4.2 3.4
Computer Software - Intangible Assets - Gross — — — — —
Leasehold Improvements - Net — — 0.0 0.0 0.0
Plant, Machinery & Equipment - Net 52.5 61.4 63.6 65.3 53.7
Transportation Equipment - Net 0.1 0.3 0.3 0.0 0.0
Computer Software & Equipment - Net 0.0 0.0 0.0 0.0 0.0
Construction in Progress - Net 3.3 2.6 2.7 4.5 3.0
Property, Plant & Equipment - Under Capital Lease - Net — — — — —
Property, Plant & Equipment - Other - Net 3.2 3.6 5.2 3.1 2.5
Computer Software - Intangible Assets - Accumulated Amortization & Impairment — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Gross 100.6 107.2 106.2 105.0 80.3
Land & Buildings - Gross 15.2 13.2 11.0 10.9 8.3
Land/Improvements - Gross 0.8 0.7 0.7 0.7 0.7
Buildings - Gross 14.4 12.4 10.3 10.1 7.6
Leasehold Improvements - Gross — — 0.0 0.0 0.0
Plant, Machinery & Equipment - Gross 77.4 86.4 86.0 85.4 65.7
Transportation Equipment - Gross 0.3 0.5 0.5 0.2 0.2
Computer Software & Equipment - Gross 0.1 0.0 0.0 0.0 0.0
Construction in Progress - Gross 3.3 2.6 2.7 4.5 3.0
Property, Plant & Equipment - Under Capital Lease - Gross — — — — —
Total Assets 79.4 86.4 85.1 87.2 71.9
Property, Plant & Equipment - Other - Gross 4.7 5.1 6.5 4.3 3.3
Debt - Total 0.0 8.9 10.5 17.5 22.2
Short-Term Debt & Current Portion of Long-Term Debt 0.0 5.4 7.2 9.5 8.4
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total 34.9 33.1 30.0 27.2 17.1
Land & Buildings - Accumulated Depreciation & Impairment 8.5 6.6 6.2 5.9 4.2
Land/Improvements - Accumulated Depreciation & Impairment 0.0 0.0 0.0 0.0 0.0
Buildings - Accumulated Depreciation & Impairment 8.5 6.6 6.2 5.9 4.2
Leasehold Improvements - Accumulated Depreciation & Impairment — — 0.0 0.0 0.0
Current Portion of Long-Term Debt including Capitalized Leases 0.0 0.8 4.8 5.5 4.3
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment 24.9 25.0 22.4 20.0 12.0
Transportation Equipment - Accumulated Depreciation & Impairment 0.2 0.3 0.2 0.2 0.2
Capitalized Leases - Current Portion — — — — —
Computer Software & Equipment - Accumulated Depreciation & Impairment 0.0 0.0 0.0 0.0 0.0
Short-Term Debt & Notes Payable 0.0 4.6 2.4 4.0 4.2
Debt - Long-Term - Total 0.0 3.5 3.3 8.0 13.8
Property, Plant & Equipment - Under Capital Lease - Accumulated Depreciation & Impairment — — — — —
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment 1.5 1.5 1.3 1.2 0.8
Current Portion of Long-Term Debt excluding Capitalized Leases 0.0 0.8 4.8 5.5 4.3
Capitalized Lease Obligations - Long-Term — — — — —
Long-Term Debt excluding Capitalized Leases 0.0 3.5 3.3 8.0 13.8
Other Non-Current Assets - Total 0.1 0.1 0.1 0.3 0.1
Debt - Non-Convertible - Long-Term 0.0 3.5 3.3 8.0 13.8
Dividends Payable 0.1 0.1 0.1 0.1 0.1
Deferred Tax & Investment Tax Credits - Long-Term 18.3 22.2 21.1 19.5 10.3
Deferred Tax - Liability - Long-Term 18.3 22.2 21.1 19.5 10.3
Prepaid Expenses - Long-Term 0.0 0.0 — — —
Payables & Accrued Expenses 10.6 6.5 5.5 7.0 7.5
Trade Account Payables - Total 4.0 3.1 3.6 5.4 5.0
Other Non-Current Assets 0.1 0.1 0.1 0.3 0.1
Accrued Expenses 6.5 3.4 1.9 1.6 2.5
Total Liabilities 29.9 39.2 39.4 46.6 42.1
Shareholders' Equity - Attributable to Parent Shareholders - Total 49.5 47.1 45.7 40.5 29.8
Total Non-Current Assets 66.9 74.9 77.0 78.2 63.4
Common Equity Attributable to Parent Shareholders 49.5 47.1 45.7 40.5 29.8
Common Equity - Contributed 2.5 2.5 2.5 2.5 2.5
Common Stock - Issued & Paid 2.3 2.3 2.3 2.3 2.3
Equity - Non-Contributed - Reserves & Retained Earnings 47.1 44.7 43.2 38.1 27.3
Retained Earnings - Total 29.4 22.7 19.8 14.5 11.1
Trade Accounts Payable & Accruals - Short-Term 10.6 6.5 5.5 7.0 7.5
Comprehensive Income - Accumulated - Total 17.6 22.0 23.4 23.6 16.2
Trade Accounts & Trade Notes Payable - Short-Term 4.0 3.1 3.6 5.4 5.0
Accrued Expenses - Short-Term 6.5 3.4 1.9 1.6 2.5
Income Taxes - Payable - Short-Term 0.2 0.6 1.1 0.4 0.0
Dividends/Distributions Payable 0.1 0.1 0.1 0.1 0.1
Other Current Liabilities - Total 0.3 0.5 0.8 1.9 1.8
Common Equity - Total 49.5 47.1 45.7 40.5 29.8
Deferred Income - Short-Term 0.1 0.1 0.1 0.1 0.2
Security Deposits 0.0 0.0 0.0 0.0 0.0
Common Stock - Additional Paid in Capital including Option Reserve 0.2 0.2 0.2 0.2 0.2
Customer Advances - Short-Term — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 49.5 47.1 45.7 40.5 29.8
Total Liabilities & Equity 79.4 86.4 85.1 87.2 71.9
Other Current Liabilities 0.2 0.4 0.8 1.8 1.6
Revaluation Reserves 17.6 22.0 23.4 23.6 16.2
Total Current Liabilities 11.1 13.1 14.7 18.9 17.8
Hybrid Financial Instrument - Liability - Long-Term — — — — —
Other Mandatorily Redeemable Equity Instruments - Long-Term — — — — —
Other Non-Current Liabilities - Total 0.5 0.4 0.3 0.3 0.2
Provisions - Long-Term 0.4 0.3 0.3 0.2 0.2
Post Employment Benefits - Pension & Other - Long-Term 0.4 0.3 0.3 0.2 0.2
Deferred Revenue - Long-Term — — — — —
Other Non-Current Liabilities 0.0 0.0 0.0 0.0 0.0
Total Non-Current Liabilities 18.8 26.1 24.7 27.8 24.3
Comprehensive Income - Other - Total — — — — —
Common Shares - Issued - Total mn 227.1 227.1 227.1 227.1 227.1
Common Shares - Outstanding - Total mn 227.1 227.1 227.1 227.1 227.1
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 300.0 300.0 300.0 300.0 300.0
Common Shares - Issued - Issue Specific mn 227.1 227.1 227.1 227.1 227.1
Common Shares - Outstanding - Issue Specific mn 227.1 227.1 227.1 227.1 227.1
Common Shares - Treasury - Issue Specific mn 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×
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental — — — — —
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental — — — — —
Debt including Finance and Operating Lease Liabilities - Supplemental 0.0 8.9 10.5 17.5 22.2
Net Debt (2.0) 5.3 9.9 16.7 21.3
Islamic Debt - Long-Term & Short-Term — — — — —
Debt - Long-Term - Maturities - Total — 5.7 10.8 17.0 23.8
Debt - Long-Term - Maturities - within 1 Year — 1.3 6.5 7.3 7.2
Debt - Long-Term - Maturities - Year 5 — 4.2 4.3 9.5 15.5
Debt - Long-Term - Maturities - Remaining — 0.2 0.1 0.2 1.2
Capital Lease Maturities - Total — — — — —
Debt - Long-Term - Maturities - 4-5 Years — 4.2 4.3 9.5 15.5
Capital Lease Maturities - Due within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 6 & Beyond — 0.2 0.1 0.2 1.2
Capital Lease Maturities - Due in Year 5 — — — — —
Capital Lease Maturities - Due in 4-5 Years — — — — —
Asset Accruals 78.7 85.8 84.9 86.9 71.6
Cash & Cash Equivalents - Total 0.7 0.6 0.2 0.2 0.3
Cash & Short Term Investments - Total 2.0 3.6 0.6 0.8 1.0
Debt - including Preferred Equity & Minority Interest - Total 0.0 8.9 10.5 17.5 22.2
Investments - Permanent 1.1 0.7 0.7 0.1 0.1
Net Book Capital 47.6 52.4 55.6 57.2 51.0
Net Operating Assets 47.6 52.4 55.6 57.2 51.0
Provisions - Total 18.8 22.6 21.3 19.7 10.5
Shareholders Equity - Common 49.5 47.1 45.7 40.5 29.8
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental — — — — —
Tangible Total Equity 49.5 47.1 45.7 40.5 29.8
Tangible Book Value 49.5 47.1 45.7 40.5 29.8
Total Book Capital 49.5 56.0 56.2 58.0 52.0
Total Capital 49.5 56.0 56.2 58.0 52.0
Total Long Term Capital 68.3 73.3 70.4 68.3 54.1
Unearned Revenue - Total 0.1 0.1 0.1 0.1 0.2
Book Value excluding Other Equity 49.5 47.1 45.7 40.5 29.8
Income Taxes - Payable - Long-Term & Short-Term 0.2 0.6 1.1 0.4 0.0
Revolving Line of Credit - Outstanding 1.0 0.1 0.3 0.1 0.0
Contract Liabilities - Short-Term - Advance Consideration & Progress Billings in Excess of Unbilled Revenue 0.1 0.1 0.1 0.1 0.2
Accruals - Short-Term 0.7 (2.2) (6.8) (10.2) (9.6)
Cash & Short Term Investments - Net of Debt 2.0 (5.3) (9.9) (16.7) (21.3)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.0 0.8 4.8 5.5 4.3
Total Fixed Assets - Net 66.9 74.9 77.0 78.2 63.4
Working Capital 1.4 (1.6) (6.6) (10.0) (9.3)
Interest Bearing Liabilities - Total 0.0 8.9 10.5 17.5 22.2
Working Capital - Non-Cash (0.5) (5.3) (7.2) (10.8) (10.3)
Working Capital excluding Other Current Assets & Liabilities 1.7 (1.1) (5.8) (8.0) (7.6)
Net Debt Including Preferred Equity & Minority Interest (2.0) 5.3 9.9 16.7 21.3
Other Short-Term & Long-Term Assets - Total 0.1 0.1 0.1 0.3 0.1
Other Short-Term & Long-Term Liabilities - Total 0.3 0.5 0.9 2.0 1.8
Total Current Assets excluding Total Inventories 4.5 5.5 2.7 2.8 3.4
Tangible Book Value excluding Other Equity 49.5 47.1 45.7 40.5 29.8
Total Debt Excluding Islamic 0.0 8.9 10.5 17.5 22.2
Trade Accounts & Trade Notes Receivable - Net - Total 1.8 1.8 1.9 1.8 1.7
Provision for Doubtful Accounts & Notes Receivable - Total 0.2 0.2 0.2 0.1 0.0
Current Liabilities excluding Current Debt - Total 11.1 7.7 7.5 9.4 9.4
Cash in Hand & with Banks - Total 0.7 0.6 0.2 0.2 0.3
Current Assets excluding Cash & Short Term Investments - Total 10.6 7.9 7.5 8.1 7.5
Cash, Short Term Investments & Accounts Receivable - Total 3.7 5.4 2.4 2.6 2.7

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