FLYNG 9MFY26 profit surges 94%

April 20, 2026 (MLN): Flying Cement Company Limited (PSX: FLYNG) reported an impressive 94% surge in its net profit for the nine months ended March 31, 2026, logging Rs534.32m compared to Rs275.31m in the same period last year.

Reflecting this stellar bottom-line growth, the company's earnings per share (EPS) nearly doubled, jumping to Rs0.77 from Rs0.40 in the corresponding period of 2025.

The profit expansion was firmly anchored by a robust 56% surge in net sales, which reached Rs10.52bn up from Rs6.75bn.

This top-line momentum came despite a heavier taxation burden, as gross sales climbed 58% to Rs16.26bn but had to absorb 63% higher sales tax and excise duties amounting to Rs5.74bn.

Crucially, the company's cost of sales rose at a slower pace of 51% (Rs8.98bn) compared to revenue growth. Because top-line expansion outpaced the rise in direct manufacturing costs, gross profit soared 88% to Rs1.54bn from Rs820.08m in the prior year.

On the operational front, Flying Cement demonstrated stringent cost control.

Overall operating expenses dropped significantly, driven by a 31% reduction in administrative expenses (Rs139.50m) and a 16% decline in distribution costs (Rs15.98m).

Fuelled by expanding gross margins and shrinking overheads, the operating profit more than doubled, skyrocketing 131% to Rs1.38bn compared to Rs598.89m last year.

However, the company faced severe headwinds below the operating line. Finance costs registered a massive spike, ballooning to a heavy Rs413.40m from just Rs76.66m in 9MFY25. Additionally, other income declined 19% to Rs54.25m.

Despite the heavy drag from surging debt-servicing costs, the sheer strength of the core operating performance easily absorbed the impact. Profit before taxation grew by a solid 74% to Rs1.03bn.

After accounting for a 57% higher taxation expense of Rs491.49m, the company successfully retained its growth trajectory, closing the nine-month period with a final net profit of Rs534.32m.

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