Maple Leaf Cement (MLCF) is Set to Announce Strong 4Q FY25 Results

Maple Leaf Cement (MLCF) is expected to post a solid financial performance for the quarter ending June 2025 (4QFY25), with analysts projecting a big jump in profits and steady sales growth.

Here’s a simple breakdown of what to expect:

Expected profit: over 2x growth

The company is projected to earn PKR 2.1 billion in profit after tax, a massive 115% increase from the same quarter last year. This equals earnings per share (EPS) of PKR 2.01, compared to just PKR 0.91 in 4QFY24.

Sales supported by strong cement prices & export growth

• Sales revenue is estimated at PKR 17.6 billion, up 12% year-on-year.
• This is backed by:
  • Higher cement prices: The average price of a 50kg bag rose 12% YoY to PKR 1,412.
  • Stronger export dispatches: Cement exports likely rose 75% YoY and over 230% from the previous quarter.

Margins might dip slightly

While profits are expected to rise, gross margins could slip to around 30%, compared to 35% last year. The dip is due to a larger share of exports, which usually bring in lower profits than domestic sales.

Lower interest rates = huge cost savings

• Finance costs are expected to fall by ~62% YoY, thanks to a sharp drop in interest rates (from 20.5% last year to 11% now).
• This could help boost net earnings despite margin pressure.

Cement dispatches trending up

• Local sales are forecasted to rise 7% YoY, reaching over 914,000 tons.
• Export volumes may jump to nearly 90,000 tons, showing growing international demand.

Maple Leaf Cement is likely to report a strong quarter with rising profits, better export performance, and major savings from lower interest rates. Even though margins might tighten a bit due to export mix, overall earnings momentum remains strong.

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Source: Al Habib Capital Markets Limited

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →