Bestway Cement delivers strong 73% profit growth

MG News | July 15, 2025 at 12:17 PM GMT+05:00

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July 15, 2025 (MLN): Bestway Cement Limited (PSX: BWCL) posted a profit after tax of Rs23.86 billion [EPS: Rs40.02] for the year ended June 30, 2025, reflecting a strong 73.32% increase compared to Rs13.77bn [EPS: Rs23.09] reported in the previous year.

The company has declared a final cash dividend of Rs10 per share (100%), in addition to interim dividends already paid totaling Rs24 per share (240%).

The company’s gross turnover rose by 15.73% year-on-year (YoY) to Rs168.49bn, up from Rs145.58bn in FY24.

Despite a 43.72% YoY rise in sales tax and excise duty to Rs54.72bn and a 67.37% increase in rebates and discounts, net turnover still managed to register a modest growth of 3.69% YoY, reaching Rs107.76bn.

Cost of sales slightly declined by 1.69% YoY to Rs70.48bn, which led to a 15.67% increase in gross profit, reaching Rs37.28bn.

On the expenses front, selling and distribution costs rose by 20.16% to Rs1.6bn, administrative expenses surged by 36.17% to Rs2.07bn, and other operating expenses jumped by 53.65% to Rs1.76bn.

Despite the rise in expenses, the company’s operating profit increased by 12.81% YoY to Rs31.84bn.

Other income rose sharply by 124.85% to Rs1.49bn, while finance costs dropped by 31.99% to Rs7.63bn.

The share of profit from equity-accounted investees more than doubled, rising by 128.47% YoY to Rs10.75bn.

As a result, profit before tax climbed 62.89% YoY to Rs36.45bn. Income tax expense also increased by 46.20% to Rs12.59bn.

Statement of Profit or Loss for the period ended June 2025 (Rupees '000)
	June-25	June-24	%Change
Gross turnover	168,486,554	145,584,979	15.73%
Less: rebates and discounts	(6,006,662)	(3,588,867)	67.37%
Less: sales tax and excise duty	(54,721,339)	(38,073,849)	43.72%
Net turnover	107,758,553	103,922,263	3.69%
Cost of sales	(70,480,291)	(71,695,037)	-1.69%
Gross profit	37,278,262	32,227,226	15.67%
Selling and distribution expenses	(1,602,427)	(1,333,621)	20.16%
Administrative expenses	(2,072,545)	(1,522,064)	36.17%
Other operating expenses	(1,763,748)	(1,147,928)	53.65%
Operating profit	31,839,542	28,223,613	12.81%
Other income - net	1,490,056	662,682	124.85%
Finance cost	(7,625,366)	(11,212,392)	-31.99%
Share of profit of equity-accounted investees - net of tax	10,745,913	4,703,401	128.47%
Profit before tax	36,450,145	22,377,304	62.89%
Income tax expense	(12,585,777)	(8,608,729)	46.20%
Profit for the year	23,864,368	13,768,575	73.32%
Earnings per share - basic and diluted (Rupees)	40.02	23.09	73.32%

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