Flying Cement FY26 profit slips to Rs486m

October 05, 2026 (MLN): Profit for the year at Flying Cement Company Limited (PSX: FLYNG) fell 25.03% year-on-year to Rs486.42m for the fiscal year ended June 30, 2026 (FY26), compared with Rs648.82m in FY25.

Basic and diluted earnings per share (EPS) declined 24.73% to Rs0.70 from Rs0.93 in the preceding year.

A more than five-fold jump in finance costs and a tripling of the levy outweighed stronger operating profit and a tripling of other income.

Gross revenue from contracts with customers rose 30.11% to Rs22.24bn from Rs17.09bn in FY25. After sales tax and federal excise duty, which increased 31.04% to Rs7.72bn from Rs5.89bn, net revenue grew 29.63% to Rs14.52bn from Rs11.20bn.

Cost of sales climbed 32.95% to Rs12.64bn from Rs9.51bn, which limited the growth in gross profit to 10.92% at Rs1.88bn, compared with Rs1.69bn in FY25.

Distribution cost increased 11.22% to Rs21.69m from Rs19.50m, while administrative expenses fell 27.89% to Rs247.53m from Rs343.26m. Other operating expenses edged up 1.86% to Rs96.70m from Rs94.94m.

The company also booked a reversal of loss allowance on trade debts of Rs6.90m, against a charge of Rs35.33m in FY25.

As a result, operating profit rose 26.58% to Rs1.52bn from Rs1.20bn.

Other income tripled to Rs352.52m from Rs116.82m, providing a significant boost below the operating line.

However, finance costs rose more than five-fold to Rs607.99m from Rs110.40m, absorbing most of the gains.

Profit before levy and taxation inched up 4.72% to Rs1.26bn from Rs1.21bn. Levy more than tripled to Rs214.63m from Rs69.66m, pulling profit before taxation down 7.75% to Rs1.05bn from Rs1.14bn.

Income tax expense increased 15.25% to Rs561.48m from Rs487.17m, which deepened the bottom-line decline to 25.03%.

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