Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨23.58, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 9x in the Basic Materials industry in Pakistan. Total returns to shareholders of 514% over the past three years. Reported Earnings • Apr 22
Third quarter 2026 earnings released: EPS: PK₨0.66 (vs PK₨0.22 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.66 (up from PK₨0.22 in 3Q 2025). Revenue: PK₨9.17b (up 28% from 3Q 2025). Net income: PK₨871.0m (up 247% from 3Q 2025). Profit margin: 9.5% (up from 3.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Apr 13
Power Cement Limited to Report Q3, 2026 Results on Apr 20, 2026 Power Cement Limited announced that they will report Q3, 2026 results on Apr 20, 2026 New Risk • Apr 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (PK₨21.8b market cap, or US$78.2m). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨18.06, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 7x in the Basic Materials industry in Pakistan. Total returns to shareholders of 325% over the past three years. Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: PK₨0.65 (vs PK₨0.40 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.65 (up from PK₨0.40 in 2Q 2025). Revenue: PK₨8.65b (down 1.5% from 2Q 2025). Net income: PK₨857.0m (up 93% from 2Q 2025). Profit margin: 9.9% (up from 5.1% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Feb 04
Power Cement Limited to Report Q2, 2026 Results on Feb 11, 2026 Power Cement Limited announced that they will report Q2, 2026 results on Feb 11, 2026 Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨20.34, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 12x in the Basic Materials industry in Pakistan. Total returns to shareholders of 327% over the past three years. Reported Earnings • Oct 24
First quarter 2026 earnings released: EPS: PK₨0.60 (vs PK₨0.55 loss in 1Q 2025) First quarter 2026 results: EPS: PK₨0.60 (up from PK₨0.55 loss in 1Q 2025). Revenue: PK₨7.81b (up 55% from 1Q 2025). Net income: PK₨804.4m (up PK₨1.41b from 1Q 2025). Profit margin: 10% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 59% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨20.09, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 11x in the Basic Materials industry in Pakistan. Total returns to shareholders of 310% over the past three years. New Risk • Sep 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (PK₨25.0b market cap, or US$88.9m). Reported Earnings • Sep 04
Full year 2025 earnings released: EPS: PK₨0.44 (vs PK₨2.88 loss in FY 2024) Full year 2025 results: EPS: PK₨0.44 (up from PK₨2.88 loss in FY 2024). Revenue: PK₨29.5b (down 5.0% from FY 2024). Net income: PK₨815.0m (up PK₨4.01b from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 53% per year, which means it is well ahead of earnings. Ankündigung • Sep 03
Power Cement Limited, Annual General Meeting, Oct 14, 2025 Power Cement Limited, Annual General Meeting, Oct 14, 2025. Location: psx auditorium, 3rd floor, admin block, stock exchange building, stock exchange road, karachi Pakistan Ankündigung • Jun 27
Power Cement Limited Announces Board Changes Power Cement Limited announced that Mr. Khalilullah Shaikh has been appointed as director on the board of the company with effect from June 24, 2025 to fill the casual vacancy that occurred due to the resignation of Ms. Aaiza Khan. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨2.9b free cash flow). Earnings have declined by 6.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (PK₨15.8b market cap, or US$56.4m). Reported Earnings • Feb 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: PK₨8.77b (up 23% from 2Q 2024). Net income: PK₨524.5m (up PK₨654.3m from 2Q 2024). Profit margin: 6.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 123 percentage points per year, which is a significant difference in performance. New Risk • Dec 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨3.5b free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨10.5b market cap, or US$37.9m). Ankündigung • Oct 24
Power Cement Limited Announces Board Changes Power Cement Limited has announced the appointment of Ms. Aaiza Khan as a Director on its Board, effective from October 22, 2024. This appointment fills the casual vacancy that arose following the resignation of Mr. Iaved Kureishi. Ankündigung • Oct 12
Power Cement Announces Resignation of Independent Director Javed Kureishi Power Cement Limited announced the resignation of Mr. Javed Kureishi, an independent director, from its board. The resignation, effective from October 10, 2024. Reported Earnings • Oct 01
Full year 2024 earnings released: PK₨2.43 loss per share (vs PK₨0.19 loss in FY 2023) Full year 2024 results: PK₨2.43 loss per share (further deteriorated from PK₨0.19 loss in FY 2023). Revenue: PK₨31.1b (up 7.4% from FY 2023). Net loss: PK₨2.70b (loss widened PK₨2.49b from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Ankündigung • Aug 30
Power Cement Announces Resignation of Director Anders Paludan Muller from Board of Directors Power Cement Limited has announced the immediate resignation of Mr. Anders Paludan Muller from its Board of Directors. Mr. Muller, who served as a non-executive director, stepped down recently, prompting the company to address the resulting casual vacancy. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -PK₨2.8b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨2.8b free cash flow). Earnings have declined by 1.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨6.56b market cap, or US$23.6m). New Risk • Oct 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (PK₨5.39b market cap, or US$19.1m). New Risk • Oct 11
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨4.63b market cap, or US$16.5m). Reported Earnings • Oct 10
Full year 2023 earnings released: PK₨0.19 loss per share (vs PK₨0.62 loss in FY 2022) Full year 2023 results: PK₨0.19 loss per share (improved from PK₨0.62 loss in FY 2022). Revenue: PK₨28.9b (up 65% from FY 2022). Net income: PK₨169.0m (up PK₨843.7m from FY 2022). Profit margin: 0.6% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 06
Second quarter 2023 earnings released: EPS: PK₨0.54 (vs PK₨0.39 in 2Q 2022) Second quarter 2023 results: EPS: PK₨0.54 (up from PK₨0.39 in 2Q 2022). Revenue: PK₨7.07b (up 37% from 2Q 2022). Net income: PK₨599.8m (up 43% from 2Q 2022). Profit margin: 8.5% (up from 8.1% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Javed Kureishi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • May 02
Third quarter 2022 earnings released: PK₨0.31 loss per share (vs PK₨0.011 loss in 3Q 2021) Third quarter 2022 results: PK₨0.31 loss per share (down from PK₨0.011 loss in 3Q 2021). Revenue: PK₨4.07b (flat on 3Q 2021). Net loss: PK₨273.6m (loss widened PK₨262.3m from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Javed Kureishi was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: PK₨0.39 (up from PK₨0.17 in 2Q 2021). Revenue: PK₨5.16b (up 44% from 2Q 2021). Net income: PK₨470.8m (up 97% from 2Q 2021). Profit margin: 9.1% (up from 6.7% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
First quarter 2022 earnings released: PK₨0.23 loss per share (vs PK₨0.31 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: PK₨4.11b (up 26% from 1Q 2021). Net loss: PK₨190.4m (loss narrowed 19% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS PK₨0.17 (vs PK₨3.40 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨14.2b (up 244% from FY 2020). Net income: PK₨358.4m (up PK₨3.97b from FY 2020). Profit margin: 2.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 25
Third quarter 2021 earnings released: PK₨0.01 loss per share (vs PK₨1.30 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨4.10b (up 194% from 3Q 2020). Net income: PK₨41.7m (up PK₨1.43b from 3Q 2020). Profit margin: 1.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 09
New 90-day low: PK₨9.14 The company is down 5.0% from its price of PK₨9.58 on 09 December 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period. Reported Earnings • Feb 22
Second quarter 2021 earnings released: EPS PK₨0.17 (vs PK₨0.35 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨3.60b (up 437% from 2Q 2020). Net income: PK₨239.6m (up PK₨613.3m from 2Q 2020). Profit margin: 6.7% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 13
New 90-day high: PK₨11.03 The company is up 19% from its price of PK₨9.26 on 15 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 9.0% over the same period. Reported Earnings • Nov 03
First quarter 2021 earnings released: PK₨0.17 loss per share The company reported a decent first quarter result with improved revenues, although earnings and control over expenses were weaker. First quarter 2021 results: Revenue: PK₨3.26b (up 459% from 1Q 2020). Net loss: PK₨170.8m (down PK₨178.7m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 124% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Oct 07
Full year earnings released - PK₨3.40 loss per share Over the last 12 months the company has reported total losses of PK₨3.62b, with earnings decreasing by PK₨4.20b from the prior year. Total revenue was PK₨4.13b over the last 12 months, up 7.2% from the prior year. 
