Lucky Cement Ltd.PSX: LUCK

Financial Results for the year ended - June 30, 2025

· Issued by Lucky Cement Ltd.


LCK/CS/2025-26/

The General Manager Pakistan Stock Exchange Limited

Stock Exchange Road Off: I.I. Chundrigar Road Karachi

The Director/ HOD Surveillance Supervision and Endorsement Dept Securities 8 Exchange Commission of Pakistan Islamabad

August 11, 2025

FINANCIAL RESULTS FOR THE yEAR ENDED JUNE 30, 2025 & DISCLOSURE OF MATERIAL INFORMATION

Dear Sir(s),

This is to inform that the Board of Directofs 0f Lucky Cement Limited (the "Company") in their meeting held on Friday, August 8, 2025 at 4:30 p.rn., at 6-A, Muhammad Ali Housing Society, A. AZiz Hashim Tabba Street, Karachi-75350 has recommended the following:

  1. Cash Dividend

  2. Bonus Issue

  3. Right Issue

  4. Any other entitlement

    PKR 4/- per share

    Nil Nil Nil

    1. FINANCIAL RESULTS

      The financial results of the Company consisting of (1) Consolidated and Standalone Statements of Financial Position;

      (2) Statement of Comprehensive income; (3) Statement of Changes in Equity; (4) Statement of Cash Flows and (5)

      Directors' Repoft are annexed.

    2. MATERIAL INFORMATION

      In accordance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of the Rule Book of the PSX, the following decision made by the Board of Directors of the Company, in its meeting held on August 8, 2025, is being disclosed. In respect of the same, approval will be sought from the members in the upcoming Annual General Meeting of the Company, details of which are given below.

      FURTHER INVESTMENT IN NATIONAL RESOURCES (PRIVATE) LIMITED

      National Resources (Private) Limited ("NRL") is a joint ventufe company, in which the Company holds 33.330E/dquity, and has been established to carry out activities in the field of ex§l0fation and mining of metals (mainly gold and copper). As recently informed, NRL has made a significant copper & gold mineralisation discovery within its licensed area in Chagai, Baluchista

      Luclcy Cement Limited



      6-A, JvfoharnJnad Ali Housing Society, A. Aziz Hash i nâ Tabba Street, Kai aclii-7S350. U.A.N: 111-786 -SSS F: 34534302 E,' in foGl ucky- cement. corn

      U ltL: iv3ov.1uc1‹y- cement.com





      The Board of Difectors of the Company has recommended that the Company makes further equity investment, of an amount of up to PKR 1.2 billion, in its associated company, NRL, by subscribing to shares of NRL and acquisition of additional 250 ordinary shares of NRL ff0/TI Mr. Muhammad Ali Tabba, a related party of the Company. This further investment is intended to be utilized by NRL for conducting pre-feasibility studies including physical geology, drilling and mineral resoufce estimation.

      The above investment shall be subject to obtaining necessary corporate and regulatory approvals, including the approval of the shareholders of the Company in accordance with Section 199 of the Companies Act, 2017, read with the Companies (Investment in Associated Companies or Associated Undeftakings) Regulations, 2017.

    3. ANNUAL GENERAL MEETING AND BOOK CLOSURE

The 32'dAnnual General Meeting ("AGM") of the Company will be held on Friday, September 26, 2025 at IN:30 am at the registered office of the Company situated at factory premises in Pezu, District Lakki Marwat, Khyber Pakhtunkhwa.

The Share Transfer Books of the Company will remain closed from Friday, September 19, 2025 to Friday, September 26, 2025 (both days inclusive). Any transfers received at our Share Registrar, Mls. CDC Share Registfar See/ices Limit9d, situated at CDC House, 99-B, Block 'B', S.M.C.H.S. Main Shahrah-e-Faisal, Karachi-74400 till ctose of business on Thursday, September 18, 2025 will be treated in time lor the pufp0se of Annual General Meeting and dividend.

We will be transmitting the Annual Report of the Company for the year ended June 30, 2025 in electronic form through PUCARS within the specified time.

You may please inform the TREC holders of the Exchange accordingly.

Yours truly,



FOF LUCKY CEMENT LIMITED

ALI SH HAB

Genera Manager Legal 8 Company Secretary



Luclcy Cement Limited

6-A, Moha mmad Ali Housing Society, A. Aziz Hasllun Tabba Street, Karachi-75350. U.A.N: 111 -786-555 F: 3453d 302 F: iJ fo@lucky-cement.color

URL: writ.lucky-cement.com

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025

ASSETS

NON-CURRENT ASSETS

Note 2025

(PKR in '000)

2024

Property. plant and equipment

5

305,340,294

298,571,892

Intangible assets

6

8,112,396

6,625,546

Right-of-use assets

7

368,211

182,457

313,820,901

305,379,895

Long-term investments

8

92,217,941

78,083,162

Long-term loans, advances and deposits

9

1,683,076

1,065,591

Long term trade debts 12

1,085,658

502,317

408,807,576

385,030,965

CURRENT ASSETS

Stores and spares

10

29,585,458

24,834,721

Stock-in-trade

11

61,689,309

68,049,161

Trade debts

12

61,738,176

67.225.170

Loans and advances

13

3,489,610

3,468,097

Deposit and prepayments

14

7,047,694

6,296,487

Other receivables

15

14,552,293

17,191,874

Tax refunds due from the Government

16

538,812

538,812

Taxation receivable

136,119

163,398

Short-term investments

17

80,091,215

44.899,062

Cash and bank balances

18

61,685,366

41.963,878

320,554,052

274,630,660

TOTAL ASSETS

729,361,628

659.661,625

EQUITY AND LABILITIES

SHARE CAPITAL AND RESERVES

Share apital

19

2,930,000

2,930,000

Reserves

20

344,37t,028

270,695.520

Attributable to the owners of the Holding Company

347,301,028

273,625,520

Non-controlling interest

40,740,410

37.005,928

Total equity

388,041,438

310,631,448

8,623,090

9,861.994

t17,625.786

124.167,975

307,146

157,478

2,648,059

3,412,709

34,342,438

27,638,646

165,238.802

163,546,519

77,016,266

80,989,867

13,181,508

11,567.233

25,406,151

21,065,055

3,260,774

4,166,355

54,787,977

69,878,771

8t,649

38,547

65,745

59,148

177,773,671

183,791,375

NON-CURRENT LABILITIES

Long-term deposits and other liabilities 21

Long-term finance 22

Lease liabilities 7

Deferred Government grant 23

Deferred liabilities 24

CURRENT LIABILITIES

Trade and other payables 25

Current portion of long-term finance 22

Taxation - net Accrued return

Short-term borrowings 26

Current portion of lease liabilities 7

Unclaimed dividend

TOTAL EQUITY AND LIABILITIES CONTINGENCIES AND COMMITMENTS

341,320,190

729.361.628

27

349,030,177

659,661,625

ncial Officer





The annexed notes from 1 to 49 form an integral part of these consolidated financial statements



"ve icer



Chairman / tor Chief Exec

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025

Note

2025

(PKR in '000)

2024

Gross Revenue

29.1

559,204,434

489,363,447

Less: Sales tax and excise duty

Rebates, incentive and commission

94,691,953

14,882,534

64,681,767

13,686,497

109,574,687

78,368,264

Net Revenue

449,629,947

410,995,183

Cost of sales

29.2

(326,892,051)

(287,478,242)

Gross profit

122,737,896

123,516,941

Distribution cost

3t

(17,254,021)

(15,785,581)

Administrative expenses

32

(7,559,413)

(7,652,978)

Finance cost

33

(25,498,349)

(36,698,507)

Other expenses

34

(4,728,985)

(3,674,585)

Gain on bargain purchase

2.6

292,555

Other income

35

20,320,672

16,185,370

88,310,355

75,890,710

Share of proM - joint ventures and associates

8.9

17,779,995

16,209,618

Profit before taxation and levy

106,090,350

92,100,328

Levy

36

[343,y84j

(1,798,556)

Profit before taxation

105,746,566

90,301,772

Taxation

36

(21,246,189)

(17,g65,025)

Profit after taxation



72,336,747

Attributable to:

Owners of the Holding Company

76,956,147

65,555,505

Non-controlling interest

7,S42,230

6,781,242

B4,498,377

72,336,747

(PKR)

(Restated)

Earnings per share - basic and diluted

37 52.53

44.10

The annexed notes from 1 to 49 form an integral part of these consolidated financial statements.



Chai ChiefEzecu e , Chie ancial Officer

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED JUNE 30, 2025

2025 2024

(PKR in '000)

Profit after taxation

Other comprehensive income / (loss) :

Items that will not be reclassified subsequently to pro7rt or loss Foreign exchange differences on translation of foreign operations

Remeasurement loss of post retirement benefit obl'9ation Deferred tax thereon

Gain on equity instrument at fair value through other comprehensive income

Deferred tax thereon

Total comprehensive income for the year Attributable to:

Owners of the Holding Company Non-controlling interest

84,498,377 72,336,747

1,689,986

(1,728,162)

(87,133)

14,828

(72,305)

9,576

(1,197)

8,379

(1,007,063)

387,780

(619,283)

27,678

(3,460)

24,218

1,094,921 (1,792,088)

85,593,298 70,544,659

78,070,508 63,718,285

7,522,790 6,826,374

85,593,298 70,544,659



The annexed notes from 1 to 49 form an integral part of these consolidated financial statements.

irector







Chairman Chief Executive O cer Chie cia Officer

LUCKY CEMENT LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025



Foreign Capacity Long•term curronoy eypanelony oapItaT lnye¥unenM

Capital mdemptlon reserve







and paid up capital

-- Att but¥ble to the ownem of the Holding Company - -





Revenue rev efvt

Unappropd• Total """*'



•ated profit

Balance as al 1st July 2023

Trens8câons silly owners

Dlvldenda paid lo non-controlling interests

3,1T0,386 7,W3,42z

40,000,000

78.900.397 27•,385,63S

33,515,038

{3,070,884)

260.098.059

(3,070,884)

Cance||ation of own sharos pumhesed (note 37.2) {1a8,386)

Flnal cash dlvldend for yeer ended June 30, 2023



Buy•Back of Shares

488,386

(12,124,609)

(11,930.283)

(5,452,117) (5,é 52,117)



2,124,669)

(5,452,117)

(26d,600)

Profil sRer taxalion



Other comprehenalve Income / (loss) Total comprehensive Income for he year Balance ae st June 30, 2024

Finel caeh divldend for year onded June 30, 2024 D|vldends paid lo nonmritrolling Interest



Toys] coTnptetiensive income

Profi efte/ taxation

Olher comprehenalve income / (Io*s)

Tmelcomp=lenavemzome!=ih° °er

T. W.422

t,728, t62 (1,7PB,162)



304,760 20,468,4 6

1,800,08¥

40,000.OOO

W,00J,200

65,5SS,S0fi 6,55S,S06







109,058 1,837,220)

6 ,•146,447 03,716,28-5

138.000,7W 270,fi06,620





70,060,147



70,068,147

1,114,3e1

7,6d2,230





1.004,021

78,380,6£2





B,828,374

47,006,928

(3,081,3o8)

e3,ooo

7,822,780

72,038,747 (f,792,0B8) 70,Sd4,659



6,7BJ ,242

45,132



310,034 ,448

(4,396.000)



ez,ooo

86,603,208











Balance ae at Jlne 30, 2026 23,00t,R6





24 9.886,W0 W,47fi.028





rhe aijnexad notee from 1 lo 48 form en inIegra| parl of Iheee consolldaled financial statements



Ch aficlal OfRcer

LUCKY CEMENT LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Note 2025 2024

(PKR in '000)

Cash generated from operations

38

133,694,930

86,151,570

Finance cost paid

(26,343,120)

(37,548,473)

Income tax paid

(11,768,602)

(7,749,823)

Income from deposits and others Staff retirement benefits paid Long term deposits - net

Increase in long-term loans and advances

Increase in long-term deposits and prepayments

Net cash generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed capital expenditure

Dividends and other income from equity accounted investments Dividends received on short term investments

Sale proceeds on disposal of intangibles Payment for acquisition of business

Sale proceeds on disposal of property, plant and equipment

Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Long-term finance repaid

Dividend paid to owners of the Holding Company Dividend paid to non-controlling interest

Buy-back of shares of subsidiary from non-controlling shareholders Short term borrowings - net

Payment against lease liability

Long-term deposits and other liabilities Own shares purchased for cancellation

37.2

2,195,461 5,152,093

(418,970) (316,682)

(5,757)

(617,485) (233,771)

(241,806)

96,742,214 45,207,351

(20,981,028)

5,093,092

8,735,075

121

(5,000,000)

488,232

(24,812,205)

3,532,623

7,605,308

421,155

(11,664,508) (13,253,119)

(5,692,564)

(4,388,403)

(3,788,308)

(15,980,961)

(184,529)

(1,238,904)

(10,024,236)

(5,443,084)

(3,070,884)

(264,600)

6,739,686

(131,893)

(12,124,669)

Net cash used in from financing activities

Net increase in cash and cash equivalents

Cash and cash equivalents at the beginning of the year

Effect of foreign currency translation on cash and cash equivalents Cash and cash equivalents at the end of the year

(31,273,669) (24,050,180)

53,804,037 7,634,552

77,623,341 70,004,715

242,110 (15,926)

38.1 131,669,488 77,623,341

The annexed notes from 1 to 49 form an integral part of these consolidated financial statements.



Chairma Director





e Office



Chief Executi Chi fficer

UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT JUNE 30, 2025

ASSETS

NON-CURRENT AS'SETS

Note

2025

(PKR in '000')

2024

Property. plant and equipment

5

10740g588

107.258,973

lntang ble assets

6

46,229

69.39d

107455,817

107.328,S67

Long-term investments



5K555,707

58.072,373

Long-term loans, advances and deposits



q 89,147

165,266

166,200,671

165,566,006

CURRENT ASSETS

Stores and spares



19,895,130

14,591,821

Stock-in-trade

10

4,774,5T7

8,505,426

Trade debts

11

6,353.194

6.932,479

Loans and advances

12

1,518,578

964,732

Deposits and prepayments

13

356,7T1

458.422

Other receivables

14

3.021,922

4.355,588

Tax refunds due from tfie Government

ts

S38,812

538,82

Snort-term investments

16

G1,298,O52

29,837,628

Cash and bank balances

17

2.790.323

2,567.176

10O,547,359

68.452,084

TOTAL ASSETS

266,748,030

234.018,090

EQUITY AND MABIMTIES

SHARE CAPITAL AND RESERVES

Share capial

18

2.930,000

2,930.000

Reserves



172.980,400

144,831.27T

175.910,400

147,761.277

NON-CURRENT LIABILITIES

Long-term deposits

20

114,200

Long-term financing

21

9,18$S22

Deferred Government grant

22

1.382,651

Deferred liabilities

23

21,514.B74

32.196,247

CURRENT LIABILIWES

Trade and other payables

24

27,300,919

Current maturity of long-term financing

21

1,866,085

Short term borrowings

Unclaimed dividend

25

6,485,OOO

ss,y4S

Accrued martsup

18$,$1$

Taxation - net

22,738,018

s8,641,383

90,837,630

86,256,813

TOTAL EQUITY AND LIABILITIES

266748,O30

234.018,090

CONTINGENCIES AND COMMITMENTS

26



255.087

12,760,637

1.766,055

17.286,561

32.068.340

30,006.625

2.099,147

6.485.000

59,148

M2,935

16,195,61g

54,188.473

The annexed notes from 1 to 46 form an integral pad of these unconsoidated financial statements



ve



Chief man ial Officer

UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025

Note 2025

(PKR in '000')

2024

Gross Revenue

27

174,302,064

151,808,171

Less: Sales tax and federal excise duty

Rebates, incentives and commission

47,513,376

2,276,944

34,277.688

2,205,541

49,790,320

36,483,229

Net Revenue

124,511,744

115,324,942

Cost of sales

28

(81,827,060)

(76,520,370)

Gross profit

42,684,684

38,804,572

Distribution costs

29

(8,972,815)

(7,773,885)

Administrative expenses

30

(2,427,249)

(2,160,682)

Finance costs

31

(1,370,569)

(1,581,168)

Other expenses

32

(3,056,913)

(2,476,636)

Other income

33

20,465,921

16.575,363

Profit before taxation and levy

47,323,059

41,387,564

Levy

34

(329,600)

(953,051)

Prorit before taxation

46,993,459

40,434,513

Taxation

(13,901,297)

(12,327,974)

Profit after taxation

33,092,162

28,106,539

Restated

(PKR)

Earnings per share - basic and diluted





35 22.59

The annexed notes from 1 to 46 form an integral part of these unconsolidated financial statements





ec tive



Chairman / Dir tor Chief E Chie cial Officer

UNCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED JUNE 30, 2025

Note

2025

(PKR in '000')

2024

Profit after taxation

Other comprehensive loss:

Items that will not be reclassified subsequently to profit or loss

33,092,162

28,106,539

(143,180)

8,378

9,575

(1,197)

(234,721)

91,541

(572,257)

24,218

27,678

(3,460)

(938,127)

365,870

  • Remeasurement loss of post retirement benefit obligation 23.1.2

  • Deferred tax thereon

  • Gain on equity instrument at fair value through other comprehensive income

  • Deferred tax thereon

    Total comprehensive income for the year

    (548,039)

    32,544,123

    (134,802)

    27,971,737

    The annexed notes from 1 to 46 form an integral part of these unconsolidated financial statements.







    "ve



    Chairman / Di tor Chief E Chief hcial Officer

    LUCKY CEMENT LlhllTED

    UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY

    FOR 7HE YEAR ENDED JUIgE 30, 2026

    laaued aubaarlbed

    ° pald•up

    Capltal reaervee

    Revenue reeervoe

    Total reserves

    Total equlty

    Share

    Capital re•

    purchase

    Capacity

    eipanelone

    Long•term

    Investments

    Capltel redemptlon

    General

    tgggyg

    UnapproprlQgg

    ptq/|t



    capltal

    account

    reserve

    reserve

    ""^'

    • -••. •-• -• ---..•• --.•--••-•.- -••-••-.. •-•..•-•••--•••. • -- --• • --• --• ••--•.- NR | J•t '00 0 '............................................................................

Balance as at July 1, 2023

3,118,386

7,343,422

115,364

40,000,000

40,000,000

35,815,875

10,973,278

134,24 7,940

137,366,326

Proflt after taxation for the year

28,106,539

28,106.530

20,106.539

Other comprehenslve loss for the year

(134,802)

(134,802)

(134,802)

Total comprehenslve Income for the yeer Transectlon wlth owners

CanrallatTon of own shares purchased



16e30B

(12.124, 660)

27,971,737

27,071,737

(11.836,283)

27,971,737

(12,124,669)

Final cash dlvldend for the year ended June 30, 2023

(5,452,117)

(5,452,117)

(5,452,117)

Balance as al June 30, 2024

2,930000

7,343,422

303750

40,000,000

40,000,000

23,691206

33,492,899

144,831,277

147,761,277

Proflt after taxation for Ihe year

33,092,182

33,092,182

33,09 2,182

Other comprehanslve loss for the year

(6$BQ38





Tolal comprehenslve income for the year

32,644,123

32, 644,123

32, 644,123

Transaction with owners

Final cash dividend for the year ended June 30, 2024

{4,396,000)

(4,386,000)

(4,386,000)

Balance as at June 30, 2025

2,930,000

7,343,422

303,760

40,0O0,OOO

40,000,000

23,691,206

  • 61,842,022

172,880,400

176,910,400



Th0 6Dnexed notes from I la 46 form an integral part of these unconsolidated finanrlal staTemenls.



c ut e



Ghalrman 1 Chief Ex

LUCKY CEMENT LIMITED

UNCONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025

Nofe

2025

(PKR in '000')

2024

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations

36

33,808,781

30,937,432

Taxes and levy paid

(4,520,421)

(2,234,906)

Staff gratuity paid

23.1.2

(300,000)

(188,243)

Finance costs paid

(1,527,888)

(1,735,978)

(Decrease) / increase in long-term deposits (liabilities)

(140,887)

2,250

Income from deposits with Islamic banks

276,863

763,406

(Increase) / decrease in long-term loans and advances

(23,881)

36,780

Net cash generated from operating activities

27,572,567

27,580,741

CASH FLOWS FROM INVESTING ACTIVITIES

Addition to property, plant and equipment

(7,048,725)

(17,709,902)

Addition to intangible assets

(37,744)

(26,925)

Long term investment made

(483,334)

(477,888)

Proceeds on disposal of property, plant and equipment

5.3

127,174

155,199

Proceeds on disposal of short term investment

50,351

Dividends received from subsidiary companies

12,088,517

10,450,559

Dividends received from associate

611,365

183,510

Income received from short-term investments

6,407,057

4,845,426

Net cash generated from / (used in) investing activities

11,714,661

(2,580,021)

CASH FLOWS FROM FINANCING ACTIVITIES

Long term financing repaid

21.4

(4,192,581)

(652,41¿)

Short term borrowings obtained / (repaid) - net

1,000,000

(400,000)

Own shares purchased for cancellation

(12,124,669)

Dividends paid

(4,388,403)

(5,443,084)

Net cash used in financing activities

(7,580,984)

(18,620,168)

Net increase in cash and cash equivalents

31,706,244

6,380,552

Cash and cash equivalents at the beginning of the year

32,382,131

26,001,579

Cash and cash equivalents at the end of the year

36.2

64,088,375

32,382,131

The annexed notes from 1 to 46 form an integral part of these unconsolidated financial statements







ec ive



Chairman / Di Chief Chief ial Officer



CEMENT

Report of the Directors for the year ended June 30, 2025

The Directors are pleased to present this report, accompanied by the company's audited financial statements for the fiscal year ending June 30, 2025. The information provid ed below encompasses the unconsolidated and consolidated performance of the Company during this year.

This report has been prepared in accordance with section 227 of the Companies Act, 2017 and Listed Companies (Code of Corporate Governance) ltegulations, 2019 and will be submitted to the shareholders at the thirty second Annual General Meeting of the Coinpany to be held on September 26, 2025.

Overview of Economy and Consolidated Financial Performance

Overview of Economy

Pakistan's economy maintained its fiscal consolidation during the outgoing year, supported by strengthened macroeconomic fundamentals, prudent fiscal management, and a notable improvement in the external sector. The current account recorded a surplus of USD 2.1 billion, a significant turnaround from the deficit of USD 2.1 billion posted last year. This improvement was primarily driven by robust worl‹ers' remittances, which rose to USD 38.3 billion, resilient export performance, and disciplined import management. The Pakistani Rupee (PKR) remained relatively stable against the US Dollar, aided by an improved current account position and an increase in the State Banlt of Pakistan's (SBP) foreign exchange reserves, which rose to USD 14.5 billion from USD 9.4 billion a year earlier.

The monetary policy stance also played a crucial role in reinforcing macroeconomic stability. During the year, SBP reduced the policy rate from 200/0 to 11%, reflecting easing inflatIonary pressures. This monetary easing contributed to restoring investor confidence and lowering the cost of borrowing for businesses, which supported economic activity. The moderation in interest rates, along with exchange rate stability and a buildup in foreign exchange reserves, have contributed to improved macroeconomic stability.

Furthermore, the continuation of IMF programs, including the Extended Fund Facility (EFF) and th e Resilience and Sustainability Facility (RSF) has strengthened policy credibility and supported investor sentiment. Pakistan's upgraded credit ratings during the year further validated its economic reform agenda. The government has committed to structural reforms focused on increasing tax revenue by broadening the tax base, energy pricing reforms, and privatization of state-owned enterprises, while also advancing climate action through dedicated initiatives. Collectively, these efforts will help lay a strong foundation for inclusive, resilient, and sustainable long-term economic growth.

In response to the evolving macroeconomic 1ondscape, the Company's teadership Is proactively executing strategies centered on cost optimization, effective risl‹ management, and innovation to drive operation a1 efficiency. We remain firmly committed to creating sustainable value for our stalteholders and are confident in the strength and resilience of our businesses to navigate current challenges and adapt seamlessly to economic challenges.



Lucky V?ena cm Lilii ited 1

6-A, Moljanj Jjjdd Ali I(otising 8ociet)', A. Aziz h*1sla1 m 'I'* b ba Street, Karachi -7S3S0.

U. A.N: 111-786 -5SS F: 34534302 fi: in to@1uclcy-cement.corn





Consolidated Financial Performance

On a consolidated basis, your Company reported gross revenue of PKR S59.2 billion, up 14.3% from PKR

489.4 billion in last year. This increase was driven mainly by improved perrormance from the Company and its subsidiary, Luclty Motor Corporation.

Furthermore, the Company's consolidated net profit was PKR 84.5 billion, of which PIER 7.S billion was attributable to non-controlling interests. The net profit attributable to shareholders of the Company translated into an EPS of PKR 52.53 for FY 2.02.5, compared to PKR 44.10 in last year, which is a 19.1% increase. The Company's net profit for FY 2.025 has shown improvement compared to last year, primarily driven by the increased profitability of Ioca! and foreign cement operations loll owed by Lucky Motor Corporation and Lucky Core 1ndustries Limited.

The consolidated financial performance of your Company for the year ended June 3.0, 2.025, as compared to last year is as follows:



Gross Revenue

55.9,204

489,363

14.3%

Net Revenue

449,63.0

410,995

9.4%

Gross P rofi t

12.2,738

123,517

(0.6%)

GP as % of Net Revenue

2.7.3%

30.1%

(9.3%)

Operati rig P ro fi t

97,924

100,078

(2.2%)

EBITDA

116,766

117,801

(0,9%)

Other I nconie

20,6.1.3

16, 185

2.7.4%

Net Pro fit

84,498

72,337

16.8%

NP (Atn Ibutabl e to o» ners of the holding company)

7.6,9.5.6

65,556

1.7.4%

Earhi ngs Per Share (PKR)*

52.53

44.10

19.1%

•EP5 Eye bcert t-estntel m reject the S-foi -1 sto ck sy lit (ex ylnineñ iii Petri il ln tie EPS sectio ti belot v)





G-z, NIollaillinacJ a ii Housing Societ}', A. Aziz Hash ink Tatiba Street, I(aracl41 75350. U.i.N: 11 I-786-SSS F: 34534302 E: infoG°lucly cement.rom





Six years' financial performance - Consolidated:

Net Revenue (PKR in Million)

207,1S9

t23,768



18,957

Gross Profit (PKR in Million)









47,S4S



2020 202J 2022 2023 2024 2025

Operating Pro fit (PKR in Millio n)

2020 2021 20 22 2023 202•t 202 S

EBITDA (PKR in Million)

7,087

32,014



43,669



77,29S



t00,078 97.924









40,918

2020 2021 2022 2023 2024 2025

Z020 0zl 2022 2023 202A ¥02S

Net Profit (PKR in Million)

EPS (PKR)



52.53



28, 229

36,423

















2020 2021 20 22 2023 20 24 20 2S

Lucky Cement Limited

6-A, Mohammad Ali Housing Society A. Aziz Hashim Tabba Street, Tal-achi -75350. U.A.N: IU -78C-SSS F: 34534302 E: infoGlucky-cement,coin

URL: vmv.1ucky-cement.com

2020 2021 2022 2023 2024 2025



3







Local Cement Operations

During FY 2025, the Company posted a 15% increase in gross sales revenue compared to last year. This growth was primarily driven by a 53% year-over-year increase in export volumes, which offset a 7% decline in domestic sales. The drop in local sales stemmed from reduced demand due to record-high inflation in previous years eroding consumer purchasing power, lower PSDP spending, and increased taxes and levies. The overall cement industry also witnessed a 3% decline in domestic sales for similar reasons.

In addition, the Company's significant investments in renewable energy adding 74.3MW of solai a nd

28.8MW of wind power have contributed to supporting gross margins.

Foreign Cement Operations

The Company's cement production facilities in Iraq and Congo, operating under joint venture agreements, continued to drive profitability with strengthened margins. Cement sales recorded consistent growth across both regions.

Polyester, Soda Ash and Chemicals

Net Turnover at PKR 120 billion for FY 2025 is almost in line with last year. Net Turnover for the Pharmaceuticals Business is 72% higher as compared to last year, conversely, a slowdown in demand across the Soda Ash, Animal Health, Chemicals & Agri Sciences and Polyester Businesses resulted in a decline of 16%, 10%, 2% and 1% respectively compared to last year.

Despite economic challenges, the Operating Result for FY 2025 stood at PKR 18 billion, reflecting a 4% increase over last year. The Pharmaceuticals and Animal Health Businesses d elivered strong performances, recording growth in their Operating Results by 99% and 23% respectively as compared to last year. The Polyester Business maintained operating performance in line with the last year, while the Soda Ash Business and Chemicals & Agri Sciences Business registered a decline of 16% and S% respectively in Operating Results year-on-year.

Profit After Tax (PAT) for FY 2025 stood at PIER 11.8 billion, representing a 5% increase over last year, primarily driven by improved Operating Results and a reduction in finance cost, attributable to a 9% decline in policy rate compared to last year. This performance was achieved despite an increase in the effective tax rate following the change in the export taxation regime, effective July 1, 2024.

During FY 202S, LCI announced a subdivision (stock split) of the face value of its ordinary shares from PKR 10 to PIER 2 per share, aimed at enhancing investor accessibility, improving stock liquidity, and broadening shareholder participation. The subdivision was approved by the members of LCI at the Extraordinary General Meeting held on June 20, 2025. Following this approval, the remaining regulatory and procedural formalities were completed on July 19, 2025. Following the subdivision of shares, LCI 's

Luch Cement Limitecl

c-A, Xlohaiaii had A li Ho usi ug Societ); A. Aziz Hasliirn Tabba Street, Ku rachi -753S0. U.A.N: 11 j -7g6-SQL F: 3 lS0 1302 I-: i ofoG3lucto,'- cenlen t.corn

URL:

4

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subscribed and paid-up capital has been restructured, whereby the number of ordinary shares has increased from 92,359,0 S0 ordinary shares of PKR 10 each to 461,795,250 shares of PIER 2 each, with no change in the rights and privileges attached to the shares.

On September 6, 2024, LCI completed an asset acquisition with Pfizer Pal‹ista n Limited and other relevant Pfizer group entities. The transaction entailed the acquisition of a manufacturing facility, pharmaceutical products and associated trademarl‹s.

Power

Luclty Electric Power Company Ltd (LEPCL) owns and operates a 660 MW supercritical lignite coal-fired power plant located in Bin Qasim, Karachi. The plant achieved Commercial Operations Date on 21*' March 2022 and is designed to run on Thar Lignite Coal.

LEPCL has completed 6.4 million safe man-hours without a Lost Workday Injury (LWI) or significant incident since commencing operations in March 2022, reflecting continued foctis on safety and operational discipline.

Automobiles and Mobile Phones

The automobile sector demonstrated improved volumes during FY 2025 compared to last year due to stable pricing on the back of stable PKR to USD exchange rate, the State Banlt of Pal‹istan's decision to reduce the discount rate in recent monetary policy statements, decline in inflati on, and lower fuel prices. The sector observed an overall volume increase of around 48% compared to last year.

Due to the imposition of 18% GST effective 1st july 2024, smartphone imports registered a decline of 28% in volume and 24% in value terms in FY 2025 compared to last year.

Cement Industry and Company's Performance - Unconsolidated

During FY 2025, Pakistan's domestic cement sales volumes recorded a reduction of 3.0%, decreasing to

37.0 lTlIllion tons from 38.2 million tons last year. In contrast, exports demonstrated robust growth, surging by 29.5% to 9.2 million tons compared to 7.1 million tons last year. Consequently, the total industry sales volume improved by 2.1%, reaching 46.2 million tons in FY 2025 compared to 45.3 million tons last year. The decline in domestic volumes was primarily attributed to a slowdown in construction sector mainly mega infrastructure projects, as well as a substantial increase in Federal Excise Duty (FED), royalties, and other applicable taxes.

Against the backdrop of the industry's overall performance, your Company's results showed moderate improvement, with total sales volumes increasing by 8. 0 to 9.3 million tons in FY 202S, compared to

8.6 million tons last year. Local sales voluir es, however, declined by 7.4%, reducing to 5.9 million tons in FY 2025 from 6.4 million tons in FY 2024. Conversely, export volumes experienced a sharp growth of



Lucky Cernei4 t I,in1itctl 5

6- A, II ol animal /1 Ho usi ng Societ), A. Aziz Hasliina Tabba fi tJ'eet, Karachi 753S0.

U.A . N: 111-756 -SSS F: 34S34302 E: infoCaluc9 -cc»eJ t.cont

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53.30/o,rising to 3.4 million tons compared to 2.2 million tons last year. This significant growth in exports was driven by improved global demand as well as access to new export markets.

Cement Production & Sales Volume Performance

The production and sales statistics of your Company for FY 2025, compared to last year are as follows:



Clinker Prodiicti on

7,876

8,158



Cement Production

7,163

7,476

qU

(4.2%)

Cement / Climber Sat es

9,290

8,590

i

8.1%

A comparison of Pakistan's Cement Industry and your Company's dispatches for FY 2025, in comparison with last year, is presented below:

Lucky Cen e»t Limited

6-A, Mohammad dli Housing Society, A. Aziz Hash ink Tabba Street, Karachi-753'i0.

U.A. N: 11I-786-5SS F: 3'1S31302 E: iInfo@lucky-cement.corn URL: https://www.luck)'-cement.com

6

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Cement Industry Local Sales Export Sales

  • Bagged

  • Loose

  • Clinker Total Exports

    Grand Total Lucky Cement

    Local Sales

  • Cement

  • Clinker

    Export Sales

    -Bagged

  • loose

    Market Share

    fiY 202S

    FY2024

    Change %

  • Clinker Total Exports Grand Total

Local Sales Export Sales

  • Bagged

  • Loose

  • Clinker Total Export Grand Total

S7,054

3,336

5,874

9,210

46,264

5,918

5,918

1,225

2,147

3,372

9,290

16.0%

36.7%

100.0%

36.5%

36.6%

20.1%

38,185

S,243

52

3,816

7,110

45,296

6,265

126

6,391

1,194

52

953

2,199

8,590

16.40/o

36.8%

100.0%

25.0%

30.9%

18.7%

(1,131]

93

(52)

2,058

2,099

968

(547)

(126)

(473)

31

(52)

1,194

1J72

699

(2.7%]

(0.3%)

46.0%

18.4%

7.5%

(3.0"fc}

2.9%



Z9.5%

2.1%

(5.5%)

(7.4%)

2.6%

125.2%

S3.3%

8.1%





Lucky Cement Limited 7

6-A, Moham mad AIi Ho using Society, A. Aziz Hasliiili Tabba Street, Karachi-753 S0. U.A.N: 11 I -786-555 F: 34534302 L: info@lucky-cement.coin

URL: https://www.lucky-cement.com



Financial Performance - Unconsolidated

The financial performance of your Company for the fiscal year ended June 30, 2025, as compared to last year is presented below:



Gross Revenue

174,302

151,808

14.8%

Net Revenue

124,512

115,325

8.0%

Cost of Sales

81,827

76,520

6.9%

Gross Profit

42,685

38,805

10.0%

GP as % of Net Revenue

34.3%

33.6%

2.1%

Operating Profi t

31,28S

28,870

8.4%

EBITDA

38,222

34,967

9.3%

Other Income

20,466

16,575

23.5%

Net Profit

33,092

28,107

17.7%

Earnings Per Share (PKR)*

22.59

18.91

19.5%o

*ERS lias been i-esta ted to i eflect the 5-foi -1 stock split (explutried in detail in the EPS sectio n beIow)



Luch Cement Limited

6-A, Mohainiriad Ali Housing Society, A. Aziz H;sla inn Tabba Street, Karachi-75350. U.A.N: 111-786 -555 F: 34534302 £': iInfo@lucky-centen[.coJaa

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