Fauji Cement Co. Ltd.PSX: FCCL

Transmission of 3rd Quarterly Accounts for the Period Ended 31st March 2026

· Issued by Fauji Cement Co. Ltd.
‌3rd Quarterly‌ Report 2025-26

‌Contents

FCCL 1

3rd Quarterly Report 2025-26



https://www.fccl.com.pk

2 Company Information

4 Directors' Review

6

8 Condensed Interim Statement of Financial Position

10 Condensed Interim Statement of Profit or Loss (Un-Audited)

11 Condensed Interim Statement of Comprehensive Income (Un-Audited)

12 Condensed Interim Statement of Cash Flows (Un-Audited)

13 Condensed Interim Statement of Changes in Equity (Un-Audited)



6

8

9

13

14 Notes to the Condensed Interim Financial Statements (Un-Audited)

24 Jama Punji Information

‌Board of Directors

Lt Gen Anwar Ali Hyder, HI (M), Retd Mr Qamar Haris Manzoor

Maj Gen Tariq Qaddus, HI(M), Retd Mr Khurshid Zafar Qureshi

Syed Bakhtiyar Kazmi

Mr Mohammad Majid Munir Syed Muhammad Irfan Aqueel Ms Maleeha Humayun Bangash Ms Saira Nasir

Company Secretary

Brig Kashif Naveed Abbasi, SI(M), Retd Fauji Towers, Block-III, 68 Tipu Road, Chaklala, Rawalpindi

Tel No. +92-51-9280075

Fax: +92-51-9280416

Email: kashif.abbasi@fccl.com.pk

Chief Financial Officer

Mr. Omer Aahraf

Tel No. +92-51-5500157

Email: omer@fccl.com.pk

Marketing & Sales

Brig Salah Ud Din Ayubi, SI(M), Retd Director (Marketing & Sales)

Chairman

Chief Executive / MD Director

Director Director Director

Independent Director Independent Director

Independent Director/Female Director

Supply Chain Management Department Syed Kamran Hassan

Director (Supply Chain Management) Tel No. +92-51-9281549

Fax No. +92-51-9280416

Email: kamran.hassan@fccI.com.pk

Human Resource Department Brig Mir Ameer Ali, SI(M), Retd Director (Human Resource & Admin) Tel No. +92-51-9280084

Fax No. +92-51-9280416

Email: ameer.aIi@fccI.com.pk

4elN

'' AWT

I' a1-

T eMa6. Rawalpindi

992t51 s 64,

Fax No. :8 i6g.

Email: adminmkt@fccl.com.pk

AUDITORS A.F.FERGUSON & CO.

Chartered Accountants,

Email for E-Filling & E-Services Email: secretaryoffice@fccl.com.pk

Production Locations

a

4nna h A2enFe, P.B'B

e A

3 2'1,

Fauji Cement Compan Limited Near Village Jhang Bahtar,

Tea" 2(d1)2000457-60/2604934-37 Fax: +92(51) 2277924, 2206473

Tehsil Fateh Jang, District Attock Tel Exchange: +92-572-538047-48,

Website: https://www.pwc.com/pk

Fax No.

+92-572-2538138

+92-572-538025

Legal Advisors

Mr Abdul Rehman Qadir M/s Qadir Law Associate

Shares Registrar

Mls Corplink (Pvt) Limited

Near Wah Railway Station Tehsil Taxila, District: Rawalpindi

Tel No. +92-057-2520452-01,



Tel No. +92-057-25200451

Mid‹ t‹

de

Lahor

ommercial,

Tel No. 92 2 359 6

g 6o3

4 19 &

Basti Hamdani, Shadan Lund, District Dera Ghazi Khan

Fax No. +92-42-35869037

Email:corgIink786@yahoo.com

Tel No.: 0333-11771g7

Polypropylene Bags Plant

Phase-IV Industrial Estate Hattar Tel No. 0995-352404

Registered OWice

Fauji Cement Company Limited

68 Tipu Road,

aa'kTI ,RaBalpind!'

Tel No.

5

  • 92-s ! -/2///81-23'

Fax No. +92-51-9280416

Website

‌Audit Committee Ms Saira Nasir

Syed Bakhtiyar Kazmi

Syed Muhammad Irfan Aqueel

Brig Kashif Naveed Abbasi, SI(M), Retd

Human Resource & Remuneration (HR&R) Committee Ms Maleeha Humayun Bangash

Maj Gen Tariq Qaddus, HI (M), Retd

Ms Saira Nasir

Brig Kashif Naveed Abbasi, SI(M), Retd

Investment Committee

Mr Mohammad Majid Munir Mr Khurshid Zafar Qureshi Syed Muhammad Irfan Aqueel

Brig Kashif Naveed Abbasi, SI(M), Retd

Environmental Social and Governance (ESG) Committee

Ms Maleeha Humayun Bangash Maj Gen Tariq Qaddus, HI (M), Retd Syed Muhammad Irfan Aqueel

Brig Kashif Naveed Abbasi, SI(M), Retd

Bankers

  • United Bank Limited

  • Allied Bank Limited

  • Bank Al-Fatah Limited

  • Habib Bank Limited

  • MCB Bank Limited

  • Meezan Bank Limited

  • Askari Bank Limited

    Standard Chartered Bank (Pak) Limited

  • National Bank of Pakistan

  • Bank of Punjab

  • The Bank of Punjab Taqwa Islamic

  • Faysal Bank Limited

  • Bank Al-Habib Limited

  • Habib Metropolitan Bank Limited JS Bank Limited

  • Bank of Khyber

  • SAMBA Bank Limited

  • First Women Bank Limited

Chairperson Member Member Secretary

Chairperson Member Member Secretary

Chairperson Member Member Secretary

Chairperson Member Member Secretary

‌Directors' Review

Directors' Review

FCCL 4

3rd Quarterly Report 2025-26

The Board of Directors are pleased to present the 3rd Quarter and nine months review of un-audited accounts along with financial statements for the period which ended on 31st March 2026.

Economic Overview

Pakistan's economy showed notable improvement during the first nine months of FY-26. GDP growth increased to 3.1% from 2.2% in the same period of FY-25 on the back of industrial recovery. Inflation remained low at average of 5.67%, while the balance of payments stayed comfortable with a modest current account deficit of USD 700 million.

However, the ongoing conflict in the Middle East possess a significant risk as increase in international oil prices and freight costs means a higher inflation followed by an increase in the discount rate and the imminent risk of rupee devaluation. Therefore, it is hoped that the situation would be settled diplomatically and the economic fallout can be kept at a manageable level.

Cement Industry and Company's Performance

Domestic dispatches have continued an upward momentum since the start of FY-26, with a strong growth of 10% to 31.12 million tons during nine month of FY-26, while exports rose by 6% to 6.95 million tons. North-based companies led domestic growth with approximately 12% increase, while their exports decreased by 28% due to Afghan border-related challenges. South-based companies showed balanced growth, with stronger export performance via sea.

(Quantity in million tons)

9 months

FY-26

9 months

FY-25

Variance

(%)

Local sales

31.12

28.41

10

Export sales

6.95

6.53

6

Total

38.07

34.94

9

Company's dispatches during the nine months period of FY-26 were 4.35 million tons as compared to 3.99 million tons in SPLY, an increase of 9% (YoY) while exports to Afghanistan declined. Break up of domestic sales and exports is as under: -

(Quantity in million tons)

9 months

FY-26

9 months

FY-25

Variance

(%)

Local sales

4.05

3.63

12

Export sales

0.30

0.36

-17

Total

4.35

3.399

9

‌Directors' Review

Financial Performance

FCCL

5

3rd Quarterly Report 2025-26

During the nine months of FY-26, Company recorded net revenue of Rs 69,784 million as compared to Rs 67,154 million in SPLY. The increase was driven by higher dispatches and improved retention. Gross Profit Margins stood at 34% supported by higher volumes, better retention and realization of cost optimization initiatives taken by the Management.

The Company posted PAT of Rs 10,776 million, up from Rs 9,407 million in SPLY. The Net Profit Ratio improved to 15% from 14% in SPLY.

Outlook

Domestic offtake is expected to sustain in Q4, however exports would depend on the border situation with Afghanistan. The increase in oil prices and other input costs due to higher logistics rate have led to increase in cement prices which might result in decline in sales volumes. Lower interest rates alongwith accelerated debt payments should ease financial charges. Management will continue focusing on cost optimization measures to deliver the best possible results.

During the period, the Company along with Kot Addu Power Company Limited (collectively the Purchasers) signed a Share Purchase Agreement with Pharaon Investment Group Limited Holding S.A.L. (the Sellers) for the acquisition of 84.06% stakes in Attock Cement Pakistan Limited. The Company also made a public offer for acquisition of 7.97% shares on 4th April 2026, as per the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The transaction is expected to be completed by end of April 2026. The said deal aligns with the Company's objectives to be the leading cement company in the country by entering the south market where it had no presence earlier.

The Directors of the Company expressed their deep appreciation to all the Stakeholders for their support and cooperation. The Directors would also like to express their gratitude to all the Employees and Management of the Company for their hard work resulting in a positive outcome during nine months of FY-26.

On behalf of the Board of Directors.



Lt Gen Anwar Ali Hyder,

Retd



Rawalpindi 24 th April 2026

Qamar Haris Manzoor

Chief Executive & Managing Director

‌6



3rd Quarterly Report 2025-26





















10

28.41

31.12



6

6.53

6.95



9

34.94

38.07



‌

















‌

















9

‌CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2026

3rd Quarterly Report 2025-26

Un-audited

March 31, 2026

Audited

June 30, 2025

Note

EQUITY & LIABILITIES

EQUITY AND RESERVES

Rupees'000

Rupees'000

Share capital 4

24,528,476

24,528,476

Capital reserve-Premium on issue of shares

15,253,134

15,253,134

Revenue reserve-Accumulated profits

52,200,240

44,490,598

NON-CURRENT LIABILITIES

91,981,850

84,272,208

Long term loans - secured 5

15,706,545

24,208,633

Employee benefits

311,590

283,590

Lease liabilities

128,302

101,211

Deferred government grant

1,286,300

1,647,630

Deferred tax liabilities - net

6

20,593,374

19,694,422

CURRENT LIABILITIES

38,026,111

45,935,486

Loan from Parent - unsecured

7,569,145

7,572,186

Trade and other payables

4,711,796

3,934,508

Accrued liabilities

11,744,842

9,076,142

Security deposits payable

577,669

570,602

Contract liabilities

1,464,698

588,076

Unclaimed dividend

46,447

41,182

Short term running finance - secured

7

2,056,232

2,192,462

Current portion of lease liabilities

52,548

43,099

Current portion of long term loans

5

4,844,927

6,104,065

Current portion of deferred government grant

484,961

515,175

33,553,265

30,637,497

TOTAL EQUITY AND LIABILITIES

163,561,226

160,845,191

CONTINGENCIES AND COMMITMENTS

8

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.





CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

‌FCCL

Condensed Interim Statement of Financial Position

AS AT MARCH 31, 2026

10

3rd Quarterly Report 2025-26

ASSETS

NON-CURRENT ASSETS

Note

Property, plant and equipment 9

Right of use assets 10

Intangibles assets and goodwill

Advance against acquisition of shares 11

Long term deposits

107,510,414

109,579,089

171,933

126,445

10,374,634

10,533,667

1,973,595

-

119,760

133,425

CURRENT ASSETS

11,865,723

10,377,008

8,164,221

9,337,617

7,529,944

6,911,322

117,363

305,685

-

526,868

197,339

57,182

1,020,436

1,032,953

30,003

48,492

11,725,828

9,210,100

2,760,033

2,665,338

Stores, spares and loose tools Stock in trade

Trade debts Advances

Sales tax refundable-net

Trade deposits and short term prepayments Advance tax - net

Other receivables

Short term investments 12

Cash and bank balances 13

TOTAL ASSETS



Audited June 30, 2025

Rupees'000

120,372,626

40,472,565

160,845,191

163,561,226

43,410,890

120,150,336

Un-audited March 31, 2026

Rupees'000



CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

‌Condensed Interim Statement of Profit or Loss (Un Audited)

FCCL 11

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

3rd Quarterly Report 2025-26

Note

Revenue - net 14

Cost of sales 15

Gross profit

Other income

Selling and distribution expenses 16

Administrative expenses Other expenses

Operating profit

Finance cost Finance income Net finance cost

Profit before taxation Income tax expense Profit for the period

Earnings per share - basic & diluted (Rupees)

Three month period ended Nine month period ended

March 31,

March 31,

March 31,

March 31, 2025

Rupees'000

67,154,184

(44,099,993) 23,054,191

552,861

(2,249,800)

(1,256,628)

(1,043,679)

19,056,945

(4,640,430)

772,948

(3,867,482)

15,189,463

(5,782,434)

9,407,029

3.84

2026

2025

2026

Rupees'000

Rupees'000

Rupees'000

22,430,091

19,309,821

69,783,575

(14,427,396)

(13,040,730)

(46,052,856)

8,002,695

6,269,091

23,730,719

190,129

165,902

555,723

(803,709)

(847,188)

(2,404,950)

(447,618)

(408,050)

(1,460,966)

(416,034)

(231,726)

(1,220,016)

6,525,463

4,948,029

19,200,510

(1,026,269)

(1,636,137)

(3,235,399)

501,477

177,201

1,549,356

(524,792)

(1,458,936)

(1,686,043)

6,000,671

3,489,093

17,514,467

(2,541,499)

(1,349,206)

(6,738,766)

3,459,172

2,139,887

10,775,701

1.41

0.87

4.39

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.



Chief Executive Officer

Director

Chief Financial Officer

‌CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

FCCL 12

3rd Quarterly Report 2025-26

March 31, 2026

Rupees'000

March 31, 2025

Rupees'000

3,459,172

2,139,887

-

-

3,459,172

2,139,887

March 31, 2026

Rupees'000

March 31, 2025

Rupees'000

10,775,701

9,407,029

-

-

10,775,701

9,407,029

Three month period ended Nine month period ended

Profit for the period

Other comprehensive income

Total comprehensive income for the period

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.



Chief Executive Officer

Director

Chief Financial Officer

‌Page 1 of 2

Cash flows from operating activities

Profit before tax

Adjustments for:

Note

March 31, 2025

Rupees'000

15,189,463

Depreciation - property, plant and equipment 9.1

Depreciation on right of use asset Gain on disposal of right of use asset Amortization of intangibles assets Amortization of deferred grant Provision for employee benefits

Workers' Profit Participation Fund including interest Workers' Welfare Fund

Finance cost (excluding interest on WPPF) Exchange loss

Gain on disposal of property, plant and equipment Finance income

Operating cash flows before working capital changes

Changes in

Long term deposits

Stores, spares and loose tools Stock in trade

Trade debts Advances

Trade deposits and short term prepayments Other receivables

Sales tax refundable-net Trade and other payables Accrued liabilities

Short term running finance - secured Security deposits payable

Contract liabilities

Cash generated from operations Employee benefits paid

Payment to Workers' Profit Participation Fund Payment to Workers' Welfare Fund

Taxes paid

Net cash generated from operating activities

8,200,551

23,390,014

(3,725)

(3,201,884)

(427,517)

(441,664)

(181,377)

(200,517)

128,802

(272,575)

(1,727,742)

2,814,867

403,000

30,091

361,334

3,512,127

26,260

-159,034

(432,700)

114,896

815,658

230,755

4,613,884

5,019

(71,434)

(772,948)

March 31, 2026 Rupees'000

17,514,467

3,627,580

48,524

(11,336)

159,033

(76,700)

157,676

938,526

281,515

3,213,874

47

(6,155)

(1,549,356)

6,783,228 24,297,695

13,665

(1,488,715)

1,173,396

(618,622)

188,322

(140,157)

103,989

526,868

45,881

2,668,700

(149,000)

7,067

876,622

3,208,016 27,505,711

(154,978)

(139,870)

(323,508)

(5,827,297) 21,060,058

(2,718,907)

20,671,107

(130,616)

(152,927)

(11,670)

(3,135,732)

17,240,162



Chief Executive Officer

Director

Chief Financial Officer

‌Page 2 of 2

March 31, 2026

Rupees'000

March 31, 2025

Rupees'000

Cash flows from investing activities

Additions in property, plant and equipment

(1,565,303)

(3,204,326)

Short term investments - net

(2,515,728)

(5,426,988)

Proceeds from disposal of property, plant and equipment Advance against acquistion of shares

Interest received on bank deposits

12,553

(1,973,595)

1,491,764

116,857

-772,947

Net cash used in investing activities

(4,550,309)

(7,741,510)

Cash flows from financing activities

Repayment of long term loans

(10,202,276)

(4,162,053)

Lease payment

(65,719)

(46,645)

Dividend paid on ordinary shares

(3,060,794)

(2,426,768)

Finance cost paid

(3,013,535)

(4,041,873)

Net cash used in financing activities

(16,342,324)

(10,677,339)

Net increase/ (decrease) in cash and cash equivalents

167,425

(1,178,687)

Cash and cash equivalents at beginning of the period

2,311,376

2,768,550

Cash and cash equivalents at end of the period

2,478,801

1,589,863

Cash and cash equivalents comprise of the following: Cash and bank balances

2,760,033

1,935,564

Short term running finance - secured

(281,232)

(260,201)

Less: Bank balance under lien

-

(85,500)

2,478,801

1,589,863

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.



Chief Executive Officer

Director

Chief Financial Officer

CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN AUDITED)

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

‌ Share capital Capital reserve Revenue reserve Total

Ordinary shares

Premium on issue of shares

Accumulated profits

---------------------------------------Rupees'000---------------------------------------

Balance at July 1, 2024 Total comprehensive income for the period

24,528,476

15,253,134

33,617,243

73,398,853

Profit for the period

-

-

9,407,029

9,407,029

Other comprehensive income for the period

-

-

-

-

Total comprehensive income for the period

-

-

9,407,029

9,407,029

Transactions with owners of the Company Distributions

Final dividend 2024 @ Rs 1.00 per share

-

-

(2,452,847)

(2,452,847)

Balance at March 31, 2025

24,528,476

15,253,134

40,571,425 80,353,035

Balance at July 1, 2025

24,528,476

15,253,134

44,490,598

84,272,208

Total comprehensive income for the period

Profit for the period

-

-

10,775,701

10,775,701

Other comprehensive income for the period

-

-

-

-

Total comprehensive income for the period

-

-

10,775,701

10,775,701

Transactions with owners of the Company Distributions

Final dividend 2025 @ Rs 1.25 per share

-

-

(3,066,059)

(3,066,059)

Balance at March 31, 2026

24,528,476 15,253,134

52,200,240 91,981,850

15

3rd Quarterly Report 2025-26

The annexed notes 1 to 19 form an integral part of these condensed interim financial statements.



FCCL

Chief Executive Officer

Director

Chief Financial Officer

‌Notes to the Condensed Interim Financial Statements (Un-Audited)

FCCL 16

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

3rd Quarterly Report 2025-26

  1. THE COMPANY AND ITS OPERATIONS

    1. Fauji Cement Company Limited ("the Company") is a public limited company incorporated in Pakistan on November 23, 1992 under the Companies Ordinance, 1984 (Repealed with the enactment of the Companies Act, 2017 on May 30, 2017). The Company commenced its business with effect from May 22, 1993. The Company was listed on Pakistan Stock Exchange on October 9, 1996. The Company is a subsidiary of Fauji Foundation with a shareholding of 61.65% (2025: 61.65%). The principal activity of the Company is manufacturing and sale of different types of cement and tile bond.

      The geographical location and address of the Company's business units, including plants is as under:

      • The Company's registered office is situated at Fauji Towers, Block-III, 68-Tipu Road, Rawalpindi.

      • The Company's marketing and sales office is situated at AWT Plaza, The Mall, Rawalpindi. The Company's manufacturing facilities are located at:

      • Village Jhang Bahtar, Tehsil Fateh Jang in District Attock

      • Railway Station Wah in District Rawalpindi

      • Village Kahi, Nizampur in District Nowshera

      • Zinda Peer, District Dera Ghazi Khan

      • Hattar, District Haripur

  2. BASIS OF PREPARATION AND STATEMENT OF COMPLIANCE

    1. Statement of compliance

      These condensed interim financial statements for nine months period ended March 31, 2026 have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting. The accounting and reporting standards as applicable in Pakistan for interim financial reporting comprise of:

      1. International Accounting Standard (IAS) 34, Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified under the Companies Act, 2017; and

      2. Provisions of and directives issued under the Companies Act, 2017.

      Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements of IAS 34, the provisions of and directives issued under the Companies Act, 2017 have been followed.

      ‌Notes to the Condensed Interim Financial Statements (Un-Audited)

      FCCL

      FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

      3rd Quarterly Report 2025-26

      17

    1. These condensed interim financial statements do not include all the information reported for full annual financial statements and should therefore be read in conjunction with the annual financial statements of the Company for the year ended June 30, 2025. Comparative condensed interim statement of financial position is extracted from annual financial statements as at June 30, 2025 whereas comparative condensed interim statement of profit or loss, condensed interim statement of comprehensive income, condensed interim statement of changes in equity and condensed interim statement of cash flows are extracted from un-audited condensed interim financial statements of the Company for the nine month period ended March 31, 2025.

    2. These condensed interim financial statements are un-audited and are prepared in compliance with the requirements of Section 237 of the Companies Act, 2017 as well as the listing regulations of the Pakistan Stock Exchange.

  2. MATERIAL ACCOUNTING POLICY INFORMATION AND OTHER ACCOUNTING POLICIES

    The material and other accounting policies, significant judgements made in the application of accounting policies, key sources of estimations, the method of computations adopted in preparation of these condensed interim financial statements and financial risk management policy are the same as those applied in preparation of annual financial statements of the Company for the year ended June 30, 2025. The management also believes that standards, amendments to published standards and interpretations that are effective for the Company from accounting periods beginning on or after 01 July 2025 do not have any significant effect on these interim financial statements or are not relevant to the Company.

  3. SHARE CAPITAL

    1. There is no change in composition of authorised, issued, subscribed and paid up share capital of the Company from June 30, 2025.

    2. Fauji Foundation holds 1,512,162 thousand (2025: 1,512,162 thousand) ordinary shares of the Company at the period end. In addition Fauji Fertilizer Company Limited and Fauji Oil Terminal & Distribution Company Limited are related parties that hold 105,469 thousand (2025: 105,469 thousand) and 21,094 thousand (2025: 21,094 thousand) ordinary shares respectively of the Company at the period end, whereas 55 thousand (2025: 55 thousand) shares are held by Directors of the Company.

  4. LONG TERM LOANS-SECURED

    Loans from banking companies (under Note mark up arrangements)

    Term finance facilities 5.1

    Less: Current portion shown under current liabilities Deferred portion of grant income

    Transaction cost

    1. Movement during the period / year is as follows:

      Opening balance

      Principal payment during the period / year 5.1.1

      Closing balance

      Audited June 30, 2025

      Un-audited March 31, 2026 Rupees' 000

      21,875,112

      (2,562,390)

      (3,545,867)

      (60,310)

      15,706,545

      32,077,388

      (10,202,276)

      21,875,112

Rupees' 000

32,077,388

(3,925,937)

(3,860,711)

(82,107)

24,208,633

36,734,503

(4,657,115)

32,077,388

    1. As per the Board of Directors approved Debt Management Strategy, Company has prepaid long term loan amounting to Rs. 7,468,344 thousand (2025:Nill) during the period.

      ‌5.2 Current Portion of long term loans

      Un-audited March 31, 2026 Rupees' 000

      Audited June 30, 2025

      Rupees' 000

      Current portion of long term financing

      2,562,390

      3,925,937

      Markup accrued

      2,282,537

      2,178,128

      4,844,927

      6,104,065

      5.3 There is no change in the terms and conditions of the long term loans as disclosed in the annual audited financial statements as at and for the year ended June 30, 2025.

  2. DEFERRED TAX LIABILITIES - NET

    This comprises of the following:

    • Taxable temporary differences

    • Deductible temporary differences

    Audited June 30, 2025

    Un-audited March 31, 2026 Rupees' 000

    20,679,048

    (85,674)

    20,593,374

    Rupees' 000

    19,765,846

    (71,424)

    19,694,422

  3. SHORT TERM RUNNING FINANCE - SECURED

    There is no significant change in the terms and conditions of the short term running finance - secured as disclosed in the annual audited financial statements as at and for the year ended June 30, 2025.

  4. CONTINGENCIES AND COMMITMENTS

    1. Contingencies

      There is no significant change in the contingent liabilities as reported in the financial statements for the year ended June 30, 2025 except for the following:

      1. Deputy Commissioner Inland Revenue through his order dated September 3, 2025 disallowed rightfully claimed input sales tax amounting to Rs. 1,365 million (plus 100% penalty) alleging that Company has claimed aforesaid input sales tax on the basis of invoices that were issued by suspended suppliers or are flying/fake, despite the fact that all related documentation i.e goods receipt notes, invoices of suppliers, payment to suppliers through banking channel etc was provided. Being aggrieved, the Company has filed an appeal against aforesaid order before Commissioner Inland Revenue (Appeals) on September 24, 2025 which is pending for adjudication. The management and its advisor are of the view that the ultimate outcome of this case is expected to be favorable. Accordingly, no provision has been recognized in the financial statements in this regard.

      2. The Company is contingently liable in respect of guarantees amounting to Rs. 7,599 million (June 30, 2025: Rs. 3,457 million) issued by banks on behalf of the Company in the normal course of business.

    2. ‌Commitments

      Outstanding letters of credit for import of plant & machinery and spare parts

      Audited June 30, 2025

      Un-audited March 31, 2026 Rupees' 000

      850,565

      Rupees' 000

      542,893

  5. PROPERTY, PLANT AND EQUIPMENT

9.1

Following is the movement in property, plant and equipment during the period / year:

Un-audited March 31, 2026 Rupees'000

Audited June 30, 2025

Rupees'000

Opening balance - operating fixed assets

108,772,246

109,748,881

Additions during the period / year

9.2

1,021,488

3,767,586

109,793,734

113,516,467

Less: Disposals during the period / year (WDV)

(6,398)

(37,828)

Depreciation for the period / year

(3,627,580)

(4,706,393)

Operating fixed assets (WDV) - closing balance

106,159,756

108,772,246

Add: Capital work-in-progress

598,460

296,574

Add: Capital spares

752,198

510,269

107,510,414

109,579,089

9.2 Following additions were made during the period / year in operating fixed assets:

Operating Fixed Assets

Un-audited Audited

March 31, 2026 June 30, 2025

Rupees'000 Rupees'000

Freehold land

-

39,262

Leasehold land

-

202,632

Buildings on freehold land

97,738

172,467

Buildings on leasehold land

-

105,800

Plant and machinery

730,425

2,897,562

Office equipment

9,124

19,596

Computers

37,751

24,882

Electric installation and other equipment

24,135

20,397

Furniture and fittings

4,190

7,415

Motor vehicles

96,282

199,262

Road and related development

21,843

78,311

1,021,488

3,767,586

RIGHT OF USE ASSETS

Leasehold Properties

Un-audited Audited

March 31, 2026 June 30, 2025

Rupees'000 Rupees'000

Opening net book value

126,445

131,165

Additions during the period/year

-

33,605

Modification of lease

94,012

22,327

Deletions during the period/year

-

(9,339)

Depreciation charged during the period / year

(48,524)

(51,313)

Closing net book value

171,933

126,445

‌10

11 ADVANCE AGAINST ACQUISITION OF SHARES

During the period, the Company along with Kot Addu Power Company Limited (collectively the Purchasers) signed a Share Purchase Agreement dated January 30, 2026 with Pharaon Investment Group Limited Holding S.A.L. (the Sellers) for the acquisition of 84.06% stake in Attock Cement Pakistan Limited on equal basis. Subsequent to the period close, the purchasers also made a public offer for acquisition of 7.97% shares on April 4, 2026, as per the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The transaction is expected to be closed in April 2026. The amount represents 10% advance against acquisition of shares under aforesaid Share Purchase Agreement.

12 SHORT TERM INVESTMENTS

Un-audited March 31, 2026 Rupees'000

Audited June 30, 2025

Rupees'000

Term finance certificates - conventional

250,000

250,000

Open ended mutual funds - conventional

11,262,198

8,658,428

Open ended mutual funds - Islamic

213,630

301,672

11,725,828

9,210,100

13 CASH AND BANK BALANCES

Cash at banks

Deposit accounts

Conventional banks

2,096,501

2,029,769

Islamic banks

18,697

1,670

Term deposit receipts

Conventional banks

-

85,500

Islamic banks

595,748

500,000

Current accounts

Conventional banks

47,021

47,893

Islamic banks

147

122

2,758,114

2,664,954

Cash in hand

1,919

384

2,760,033

2,665,338

  1. ‌REVENUE - NET

    The disaggregation of turnover from contracts with customers is as follows:

    Sales - Local

    • Export

      Less: - Sales tax

    • Excise duty

    • Rebates and discounts

    • Export development surcharge

  2. COST OF SALES

    Raw material consumed Packing material consumed Stores and spares consumed Salaries, wages and benefits Rent, rates and taxes Insurance

    Fuel consumed Power consumed Depreciation Technical assistance Printing and stationery

    Traveling and conveyance

    Vehicle running and maintenance expenses Security services

    Communication, establishment and other expenses Water conservancy charges

    Add: Opening work-in-process Less: Closing work-in-process Cost of goods manufactured Add: Opening finished goods Less: Closing finished goods

    Less: Own consumption

    Three months period ended Nine months period ended

    March 31, 2026

    Rupees'000

    34,488,491

    (1,522) 34,486,969

    5,729,452

    5,474,818

    852,608

    -

    12,056,878

    22,430,091

    2,680,328

    637,206

    462,991

    1,359,154

    28,229

    64,754

    6,534,001

    2,050,034

    1,161,243

    45,945

    668

    52,388

    24,960

    143,543

    57,130

    288 15,302,862

    4,212,627

    (5,026,679) 14,488,810

    1,102,975

    (1,159,949) 14,431,836

    (4,440)

    14,427,396

    March 31,

    March 31,

    2026

    2025

    Rupees'000

    Rupees'000

    101,912,030

    94,421,124

    3,753,526

    4,627,395

    105,665,556

    99,048,519

    16,867,548

    15,408,746

    16,226,689

    14,506,712

    2,776,569

    1,966,887

    11,175

    11,990

    35,881,981

    31,894,335

    69,783,575

    67,154,184

    7,870,736

    7,825,338

    2,131,066

    2,369,985

    1,794,631

    1,807,560

    4,124,150

    3,864,552

    84,894

    78,006

    197,347

    262,115

    18,073,891

    16,079,940

    6,352,354

    6,885,630

    3,523,083

    3,423,768

    126,167

    62,563

    8,378

    8,283

    152,975

    144,718

    77,714

    70,920

    386,376

    325,910

    178,642

    169,939

    916

    2,008

    45,083,320

    43,381,235

    6,238,655

    5,355,426

    (5,026,679)

    (4,553,595)

    46,295,296

    44,183,066

    929,112

    898,627

    (1,159,949)

    (951,268)

    46,064,459

    44,130,425

    (11,603)

    (30,432)

    46,052,856

    44,099,993

    March 31, 2025

    Rupees'000

    28,353,285

    484,987 28,838,272

    4,630,210

    4,537,071

    359,613

    1,557

9,528,451

19,309,821

2,495,203

659,718

481,551

1,284,414

22,261

87,427

4,668,682

1,777,226

1,134,871

39,857

2,954

48,362

24,315

121,303

55,637

440 12,904,221

4,560,736

(4,553,595)

12,911,362

1,083,513

(951,268)

13,043,607

(2,877)

13,040,730

  1. SELLING AND DISTRIBUTION EXPENSES

    This includes an amount of Rs. 627,490 thousand (2025: Rs. 670,351 thousand) for quarter ended March 31, 2026 and amount of Rs. 1,839,470 thousand (2025: Rs. 1,699,481 thousand) for nine months period ended March 31, 2026 as freight charges related to sales made during respective periods.

  2. ‌RELATED PARTY TRANSACTIONS AND BALANCES

There is no significant change in relationship with related parties during the nine months period ended March 31, 2026 from June 30, 2025. Significant transactions with related parties are as follows:

Balances with related parties

Un-audited March 31, 2026

Rupees'000

Audited June 30, 2025

Rupees'000

Fauji Foundation

Loan payable

7,387,000

7,387,000

Payable against cost re-charged

71,348

29,468

Mark-up payable on loan

182,145

185,186

Payable against CSR activities

12,000

7,649

Askari Bank Limited

Loan payable

1,661,216

1,926,817

Balance in bank accounts

42,065

97,553

Export re-finance payable

1,500,000

1,649,000

Other related parties

Payable to FFBL Power Company Limited against material sample analysis

39

39

Payable to Cherat Packaging Limited against supply of packing material

715

-

Payable to employees' provident fund including employee's share

36,327

37,806

Transactions with related parties

Fauji Foundation

Un-audited March 31,

2026

Rupees' 000

Un-audited March 31, 2025

Rupees' 000

Donation paid through Fauji Foundation

98,080

84,424

Reimbursement against services payments

19,749

22,073

Payment of rent and utilities

50,784

47,196

Payment against cost re-charged

210,545

102,009

Payment for use of medical facilities

3,218

1,946

Payment against letter of support fee

-

93,451

Reimbursement against CSR activities

23,318

22,207

Payment of dividend on ordinary shares

1,890,202

1,512,162

Mark-up paid on loan

556,555

-

Askari Bank Limited

Interest paid on long term loans

32,904

126,175

Principal repayment of loan

265,602

1,075,732

Payment of export re-finance

3,149,000

3,498,000

Receipt of export re-finance

3,000,000

3,911,000

Interest paid on running finance and export re-finance

89,200

115,368

Bank charges

2,543

8,362

Profit received on deposit accounts

7,516

7,400

Receipts against rent and utilities

548

-

‌Un Audited

Un Audited

March 31,

March 31,

Transactions with other related parties

2026

Rupees' 000

2025

Rupees' 000

Payment to Foundation Solar Energy (Pvt) Limited

-

218,949

Payment to Cherat Packaging Limited against supply of packing material

113,123

328,782

Insurance premium to TPL Insurance Limited

-

12,417

Insurance premium to Habib Insurance Company Limited

-

8,054

Payment to Mari Energies Limited against supply of crude oil

23,752

18,195

Payment to FFBL Power Company Limited against material sample analysis

-

229

Payment of dividend on ordinary shares to Fauji Fertilizer Company Limited

131,836

105,469

Payment of dividend on ordinary shares to Fauji Oil Terminal and Distribution Company Limited

26,367

21,094

Payments made into employees' provident fund including employee's share

327,997

301,461

Expense of employees' provident fund

138,256

130,283

Directors' fee

9,250

5,775

Remuneration paid including benefits and perquisites to Chief Executive

94,960

85,708

Payment of dividend to directors

13

10

Remuneration paid including benefits and perquisites to key management personnel (other than Chief Executive)

200,053

174,114

18 FINANCIAL INSTRUMENTS - FAIR VALUES AND RISK MANAGEMENT

Fair value is the amount that would be received on sale of an asset or paid on transfer of a liability in an orderly transaction between market participants at the measurement date. Consequently, differences can arise between carrying values and fair value estimates. Underlying the definition of fair value is the presumption that the Company is a going concern without any intention or requirement to curtail materially the scale of its operations or to undertake a transaction on adverse terms.

The fair value of financial assets and liabilities traded in active markets i.e. listed equity shares are based on the quoted market prices at the close of trading on the period end date. The quoted market prices used for financial assets held by the Company is current bid price. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm's length basis.

IFRS 13 'Fair Value Measurements' requires the Company to classify fair value measurements using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels:

  • Quoted prices (unadjusted) in active markets for identical assets or liabilities (level 1).

  • Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (level 2).

  • Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (level 3).

24

Notes to the Condensed Interim Financial Statements (Un-Audited)

FCCL

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

3rd Quarterly Report 2025-26

‌18.1 The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy.

On-balance sheet financial instruments

Carrying amount

Fair

value

Amortized Cost

FVTPL

Total

Level 1

Rupees '000

Level 2

Level 3

Total

March 31, 2026

Financial assets not measured at fair value

Trade debts - net of impairment loss

7,529,944

-

7,529,944

-

-

-

-

Other receivables

30,003

-

30,003

-

-

-

-

Trade deposits

42,665

-

42,665

-

-

-

-

Cash and bank balances

2,760,033

-

2,760,033

-

-

-

-

10,362,645

-

10,362,645

-

-

-

-

Financial assets measured at fair value

Long term deposits

-

119,760

119,760

-

-

119,760

119,760

Short term investments

-

11,725,828

11,725,828

11,725,828

-

-

11,725,828

-

11,845,588

11,845,588

11,725,828

-

119,760

11,845,588

Financial liabilities not measured at fair value

Long term loans (including current portion)

20,551,472

-

20,551,472

-

-

-

-

Employee benefits (including current portion)

422,206

-

422,206

-

-

-

-

Loan from Parent - unsecured

7,569,145

-

7,569,145

-

-

-

-

Creditors

1,321,422

-

1,321,422

-

-

-

-

Retention money

239,713

-

239,713

-

-

-

-

Other liabilities

879,412

-

879,412

-

-

-

-

Payable to employees' provident fund trust

36,327

-

36,327

-

-

-

-

Accrued liabilities

11,744,842

-

11,744,842

-

-

-

-

Security deposits payable

577,669

-

577,669

-

-

-

-

Unclaimed dividend

46,447

-

46,447

-

-

-

-

Short term borrowings - secured

2,056,232

-

2,056,232

-

-

-

-

45,444,887

-

45,444,887

-

-

-

-

Notes to the Condensed Interim Financial Statements (Un-Audited)

‌On-balance sheet financial instruments Carrying amount Fair value

FOR THE NINE MONTH PERIOD ENDED MARCH 31, 2026

Amortized Cost

FVTPL

Total Level

Rupees '000

1

Level 2

Level 3

Total

June 30, 2025

Financial assets not measured at fair value

Trade debts - net of impairment loss

6,911,322

-

6,911,322

-

-

-

-

Other receivables

48,492

-

48,492

-

-

-

-

Trade deposits

55,427

-

55,427

-

-

-

-

Cash and bank balances 2,665,338 -

2,665,338

-

-

- -

9,680,579 -

9,680,579

-

-

- -

Financial assets measured at fair value

Long term deposits - 133,425

133,425

-

-

133,425 133,425

Short term investments - 9,210,100

9,210,100

9,210,100

-

- 9,210,100

-

9,343,525

9,343,525

9,210,100

-

133,425

9,343,525

Financial liabilities not measured at fair value

Long term loans (including current portion)

30,312,698

-

30,312,698

-

-

-

Employee benefits (including current portion)

419,511

-

419,511

-

-

-

Lease liability (including current portion)

144,310

-

144,310

-

-

-

Loan from parent-unsecured

7,572,186

-

7,572,186

-

-

-

Creditors

2,034,141

-

2,034,141

-

-

-

Retention money

479,895

-

479,895

-

-

-

Other liabilities

609,276

-

609,276

-

-

-

Payable to employees' provident fund trust

37,806

-

37,806

-

-

-

Accrued liabilities

9,076,142

-

9,076,142

-

-

-

Security deposits payable

570,602

-

570,602

-

-

-

Unclaimed dividend

41,182

-

41,182

-

-

-

Short term borrowings - secured

2,192,462

-

2,192,462

-

-

-

53,490,211

-

53,490,211

-

-

-

-

-

-

-

-

3rd Quarterly Report 2025-26

-

-

-

FCCL

-

-

-

-

25

-

  1. ‌GENERAL

    1. The amounts in these condensed interim financial statements have been rounded-off to the nearest thousand Rupees.

    2. These condensed interim financial statements were authorised for issue by the Board of Directors of the Company on 24 April 2026.





CHIEF EXECUTIVE OFFICER

DIRECTOR

CHIEF FINANCIAL OFFICER

‌Jama Punji

FCCL

27

3rd Quarterly Report 2025-26





‌FAUJI CEMENT COMPANY LIMITED

Fau)i Towers, Block 3, b8 Tlpu Road, Chaklala. Rawalplndl. PaMstan

SAY NO TO



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