Maple Leaf Cement Factory Ltd · PSX:MLCF
Maple Leaf Cement Factory — Corporate Update (October 2026)
22 slides from Maple Leaf Cement Factory's corporate update, Oct 8, 2026
Slide 1: Cover letter to Pakistan Stock Exchange
The General Manager, Through PUCARS Pakistan Stock Exchange Ltd, MLCF/PSX-/41 Stock Exchange Building, October 08, 2026 Stock Exchange Road, Karachi. SUBJECT: PRESENTATION OF CORPORATE BRIEFING SESSION (CBS) Dear Sir, Please find attached Presentation to be presented in CBS to be held on 09-10-2026
Slide 2: Corporate Briefing 2026
Corporate Briefing 2026 Presented by: Syed Mohsin Raza Naqvi Group Director Finance 1
Slide 3: Who We Are
Who We Are “SAIGOLS” - pioneers of industrial and commercial development in Pakistan, having 91 years of management experience. The Groups’ Textile & Cement Operations Rank among the top five in both industries. Net Revenue Market Capitalization FY 2026 Sep 30, 2026 Annual net revenues in US$
Slide 4: KMLG - Current Structure
KMLG - Current Structure (Saigol Family) Kohinoor Maple Leaf Group KTML Family holds 80.93% of KTML (Gujar Khan) KTML KTML (Raiwind KTML Kohinoor Textile Mills Limited Division) (Rawalpindi) KTML holds 82.92% of MLCL KTML holds 57.90% MLCFL MLCL MLCFL MLCL holds Maple Leaf Cement 1.15% of Maple Leaf
Slide 5: Novacare Hospitals (Pvt.) Limited
Novacare Hospitals (Pvt.) Limited • Subsidiary of Maple Leaf Cement Factory Limited (MLCF). • MLCF owns 100% equity at present. • Foreign equity partner intends to acquire 20% stake in Novacare. • The first flagship hospital is under construction at DHA phase 5, Islamabad having project cost of USD
Slide 6: Novacare Hospitals (Pvt.) Limited
Novacare Hospitals (Pvt.) Limited • HKS Inc., a globally acclaimed American healthcare architecture firm, is leading the hospital’s design. • Civil work in process and project expected to complete during calendar year 2027. • The hospital has secured a clinical affiliation with Imperial College Heal
Slide 7: Agritech Limited – Fertilizer manufacturing company
Agritech Limited – Fertilizer manufacturing company • Maple Leaf Cement Factory Limited (MLCF) with partnership of Fauji Fertilizer Company Limited (FFCL) has acquired majority stake in Agritech Limited (listed company on Pakistan Stock Exchange). • MLCF directly acquired 33.66% shares of Agritech L
Slide 8: Pioneer Cement Limited – Cement manufacturing and sale company
Pioneer Cement Limited – Cement manufacturing and sale company • Maple Leaf Cement Factory Limited (MLCF) during the year has acquired controlling stake in Pioneer Cement Limited (listed company on Pakistan Stock Exchange). • MLCF acquired 77.38% shares of Pioneer Cement Limited and one of its assoc
Slide 9: Why MLCF ?
Why MLCF ? One of the largest single cement production Offering over 330 days/year run factor with sites of Pakistan with huge economies of scale. emissions conforming to EU standards. Energy efficient plants consuming only 720 Kilo Own power generation. Cheapest source of Calories per kg of clinker
Slide 10: Financial Performance (Unconsolidated) Year on Year Comparison
FINANCIAL PERFORMANCE (Unconsolidated) YEAR ON YEAR COMPARISON 2023 2024 2025 2026 Particulars Rs. '000' Sales - net 62,075,259 66,452,348 68,942,446 70,731,652 Gross profit 18,173,353 20,964,284 23,746,816 23,942,392 Profit after taxation 4,491,670 5,272,527 17,036,374 8,445,631 Total non-current a
Slide 11: Financial Performance (Consolidated) Year on Year Comparison
FINANCIAL PERFORMANCE (Consolidated) YEAR ON YEAR COMPARISON 2023 2024 2025 2026 Particulars Rs. '000' Sales - net 62,075,259 66,452,348 68,653,999 85,145,871 Gross profit 19,363,142 22,430,465 25,441,916 31,606,954 Profit after taxation 5,770,762 6,919,777 11,503,278 12,564,675 Total non-current as
Slide 12: Key Financial Ratios (Unconsolidated)
KEY FINANCIAL RATIOS (Unconsolidated) Particulars 2023 2024 2025 2026 Gross profit ratio - (%age) 29.28% 31.55% 34.44% 33.85% Net Profit to Sales - (%age) 7.24% 7.93% 24.71% 11.94% Earnings per share - (Rs.) 4.18 4.98 16.26 8.06 EBITDA Margin to Sales - (%age) 26.54% 28.85% 45.72% 34.87% Market valu
Slide 13: Material Variation in Balance Sheet and Income Statement
MATERIAL VARIATION IN BALANCE SHEET AND INCOME STATEMENT (Unconsolidated) 2026 2025 Variation Particulars Comments Rs. '000' %age Sales - net 70,731,652 68,942,446 2.60% Mainly due to increase in local sales demand. Gross profit 23,942,392 23,746,816 0.82% Mainly due to increase in sales. Profit aft
Slide 14: Company's Forecast for Financial Year 2027
COMPANY'S FORECAST FOR FINANCIAL YEAR 2027 Based on the Company's strengthened operational capacity and strategic initiatives, Maple Leaf Cement has prepared the following financial forecasts for the coming year excluding the impact of Pioneer Cement Limited: Financial Forecast 2027 in Rs. In Millio
Slide 15: Key Revenue Drivers and Key Business Risks
KEY REVENUE DRIVERS Public Sector DevelopmenttProgramme (PSDP) Wazir-e-Azam Apna Ghar Programme Mera Ghar – Mera Ashiana Housing Finance Scheme Industrial & Domestic Consumers KEY BUSINESS RISKS High Fuel Rates Monetary Policy discount rates Geo-political situation 14
Slide 16: MLCF – Quarterly Cement Price (Grey-Local)
MLCF – Quarterly Cement Price (Grey-Local) 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Rs. Per Bag Average Sale Price 499 493 522 515 546 496 547 733 1,019 1,156 1,344 1,338 %age Change -1.2% 5.9% -1.3% 6.0% -9.2% 10.4% 33.9% 39.0% 13.4% 16.3% -0.5
Slide 17: MLCF – Quarterly Cement Retention (Grey-Local)
MLCF–Quarterly Cement Retention (Grey-Local) 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Rs. Per Ton Average Retention 7,052 7,015 6,946 6,443 6,688 5,095 6,613 9,655 13,464 14,887 16,167 15,676 %age Change -0.5% -1.0% -7.2% 3.8% -23.8% 29.8% 46.0%
Slide 18: Grey Local Sale Growth MLCF Vs. Industry - North
Grey Local Sale Growth MLCF Vs. Industry - North 70.00% 57.45% 60.00% 50.00% 40.00% 30.00% 20.14% 20.00% 10.88% 10.06% 10.00% 5.92% 0.00% -10.00% -1.26% -2.46% -3.26% -3.78% -2.19% -7.16% -6.22% -20.00% -10.94% -17.15% 2020 2021 2022 2023 2024 2025 2026 MLCF Growth Industry Growth Grey Local Dispatc
Slide 19: MLCF Fuel Mix – FY 2025-26
MLCF Fuel Mix – FY 2025-26 Particulars % age Local Darra Coal 40% Alternative Fuel (Biomass) 29% Pet Coke 18% Imported Coal 10% Afghan Coal 3% Total 100% 18
Slide 20: MLCF Power Mix at Current Production Levels
MLCF Power Mix at Current Production Levels Average Cement Production (2026) M. Tons 4,499,955 MWH Required Mwh 44.19 Utilization of Sources % USD/KWH Mwh (Net) Average Power Waste Heat Recovery Plant 26% 0.01 11.30 Cost per KWH 6.77 Cents Coal Fired Power Plant 62% 0.09 27.50 (Rs. 18.85 / unit) Sol
Slide 21: Cement Sector at Glance: Expected Capacity Utilization
Cement Sector at Glance Expected Capacity Utilization- YoY Basis Estimated Growth @ Estimated Growth @ 10% Actual 7.50% Per Annum Per Annum Particulars 2020 2021 2022 2023 2024 2025 2026 2027 2028 2027 2028 ------Metric Ton per Anum------ ---Metric Ton per Anum--- ---Metric Ton per Anum--- Local Sal
Slide 22: Thank You
Thank You Address: 42 Lawrence Road Lahore Pakistan Tel: 00-92-42-36369915, 00-92-42-36304181 Contact Us Cell: 00-92-333-4998888 Email: mohsin.naqvi@kmlg.com Website: www.kmlg.com
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