Announcement • Aug 14
Century Paper & Board Mills Limited, Annual General Meeting, Oct 26, 2026 Century Paper & Board Mills Limited, Annual General Meeting, Oct 26, 2026. Location: karachi Pakistan Reported Earnings • Aug 14
Full year 2026 earnings released: PK₨15.00 loss per share (vs PK₨0.86 loss in FY 2025) Full year 2026 results: PK₨15.00 loss per share. Revenue: PK₨38.7b (up 3.8% from FY 2025). Net loss: PK₨58.3m (loss narrowed 83% from FY 2025). Announcement • Aug 05
Century Paper & Board Mills Limited to Report Fiscal Year 2026 Results on Aug 12, 2026 Century Paper & Board Mills Limited announced that they will report fiscal year 2026 results on Aug 12, 2026 Reported Earnings • Apr 30
Third quarter 2026 earnings released: PK₨0.16 loss per share (vs PK₨0.33 loss in 3Q 2025) Third quarter 2026 results: PK₨0.16 loss per share (improved from PK₨0.33 loss in 3Q 2025). Revenue: PK₨10.3b (up 12% from 3Q 2025). Net loss: PK₨64.3m (loss narrowed 51% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
Century Paper & Board Mills Limited to Report Q3, 2026 Results on Apr 28, 2026 Century Paper & Board Mills Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 28, 2026 Reported Earnings • Feb 21
Second quarter 2026 earnings released: PK₨0.71 loss per share (vs PK₨0.13 profit in 2Q 2025) Second quarter 2026 results: PK₨0.71 loss per share (down from PK₨0.13 profit in 2Q 2025). Revenue: PK₨9.02b (down 6.7% from 2Q 2025). Net loss: PK₨284.6m (down PK₨337.9m from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Announcement • Feb 12
Century Paper & Board Mills Limited to Report First Half, 2026 Results on Feb 19, 2026 Century Paper & Board Mills Limited announced that they will report first half, 2026 results on Feb 19, 2026 New Risk • Jan 01
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 7.0% 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 Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (PK₨15.7b market cap, or US$56.1m). Reported Earnings • Oct 10
Full year 2025 earnings released: PK₨0.86 loss per share (vs PK₨1.30 profit in FY 2024) Full year 2025 results: PK₨0.86 loss per share (down from PK₨1.30 profit in FY 2024). Revenue: PK₨37.3b (down 11% from FY 2024). Net loss: PK₨345.4m (down 166% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 21
Full year 2025 earnings released: PK₨0.86 loss per share (vs PK₨1.30 profit in FY 2024) Full year 2025 results: PK₨0.86 loss per share (down from PK₨1.30 profit in FY 2024). Revenue: PK₨37.3b (down 11% from FY 2024). Net loss: PK₨345.4m (down 166% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Aug 20
Century Paper & Board Mills Limited, Annual General Meeting, Oct 28, 2025 Century Paper & Board Mills Limited, Annual General Meeting, Oct 28, 2025. Location: karachi Pakistan Reported Earnings • May 02
Third quarter 2025 earnings released: PK₨0.33 loss per share (vs PK₨0.78 profit in 3Q 2024) Third quarter 2025 results: PK₨0.33 loss per share (down from PK₨0.78 profit in 3Q 2024). Revenue: PK₨9.18b (down 15% from 3Q 2024). Net loss: PK₨130.8m (down 142% from profit in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 15
Second quarter 2025 earnings released: EPS: PK₨0.13 (vs PK₨0.14 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.13 (down from PK₨0.14 in 2Q 2024). Revenue: PK₨9.67b (down 9.5% from 2Q 2024). Net income: PK₨53.3m (down 2.6% from 2Q 2024). Profit margin: 0.6% (up from 0.5% in 2Q 2024). The increase in margin was driven by lower expenses. 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 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨31.68, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 8x in the Packaging industry in Pakistan. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨29.05, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 6x in the Packaging industry in Pakistan. Total loss to shareholders of 26% over the past three years. Buy Or Sell Opportunity • Oct 14
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to PK₨24.90. The fair value is estimated to be PK₨20.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 51%. Reported Earnings • Oct 10
Full year 2024 earnings released: EPS: PK₨1.30 (vs PK₨2.25 in FY 2023) Full year 2024 results: EPS: PK₨1.30 (down from PK₨2.25 in FY 2023). Revenue: PK₨42.0b (down 12% from FY 2023). Net income: PK₨523.9m (down 42% from FY 2023). Profit margin: 1.2% (down from 1.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: PK₨1.30 (vs PK₨2.25 in FY 2023) Full year 2024 results: EPS: PK₨1.30 (down from PK₨2.25 in FY 2023). Revenue: PK₨42.0b (down 12% from FY 2023). Net income: PK₨523.9m (down 42% from FY 2023). Profit margin: 1.2% (down from 1.9% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Aug 20
Century Paper & Board Mills Limited, Annual General Meeting, Oct 28, 2024 Century Paper & Board Mills Limited, Annual General Meeting, Oct 28, 2024. Location: karachi Pakistan Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨32.05, the stock trades at a trailing P/E ratio of 15.4x. Average forward P/E is 15x in the Packaging industry in Pakistan. Total loss to shareholders of 26% over the past three years. New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 0.7% 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 Risks Interest payments are not well covered by earnings (1.7x net interest cover). Earnings have declined by 0.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (PK₨11.4b market cap, or US$40.8m). Reported Earnings • Feb 27
Second quarter 2024 earnings released: EPS: PK₨0.14 (vs PK₨0.12 loss in 2Q 2023) Second quarter 2024 results: EPS: PK₨0.14 (up from PK₨0.12 loss in 2Q 2023). Revenue: PK₨10.7b (down 16% from 2Q 2023). Net income: PK₨54.7m (up PK₨102.5m from 2Q 2023). Profit margin: 0.5% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Packaging industry in Asia. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨34.32, the stock trades at a trailing P/E ratio of 14.3x. Average forward P/E is 16x in the Packaging industry in Pakistan. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨28.57, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 14x in the Packaging industry in Pakistan. Total loss to shareholders of 40% over the past three years. Reported Earnings • Oct 29
First quarter 2024 earnings released: EPS: PK₨0.75 (vs PK₨0.59 in 1Q 2023) First quarter 2024 results: EPS: PK₨0.75 (up from PK₨0.59 in 1Q 2023). Revenue: PK₨11.4b (down 7.2% from 1Q 2023). Net income: PK₨299.5m (up 26% from 1Q 2023). Profit margin: 2.6% (up from 1.9% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Oct 07
Century Paper & Board Mills Limited, Annual General Meeting, Oct 17, 2023 Century Paper & Board Mills Limited, Annual General Meeting, Oct 17, 2023, at 15:00 Pakistan Standard Time. Location: ICAP Auditorium Chartered Accountants Avenue, Clifton Karachi Pakistan Agenda: To receive, consider and adopt the audited financial statements of the Company for the year ended June 30, 2023 together with the Directors' and Auditors' reports thereon; to consider final approval of 80% Bonus shares interim declared by the Board of Directors in their meeting held on June 02, 2023 and issued to the shareholders on June 16, 2023; to appoint Auditors and fix their remuneration; and to consider other matters. Reported Earnings • Sep 27
Full year 2023 earnings released: EPS: PK₨2.25 (vs PK₨5.51 in FY 2022) Full year 2023 results: EPS: PK₨2.25 (down from PK₨5.51 in FY 2022). Revenue: PK₨47.7b (up 22% from FY 2022). Net income: PK₨905.0m (down 59% from FY 2022). Profit margin: 1.9% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨49.70, the stock trades at a trailing P/E ratio of 9.6x. Average forward P/E is 13x in the Packaging industry in Pakistan. Total returns to shareholders of 21% over the past three years. Reported Earnings • Apr 30
Third quarter 2023 earnings released: EPS: PK₨2.45 (vs PK₨3.19 in 3Q 2022) Third quarter 2023 results: EPS: PK₨2.45 (down from PK₨3.19 in 3Q 2022). Revenue: PK₨13.3b (up 26% from 3Q 2022). Net income: PK₨547.3m (down 23% from 3Q 2022). Profit margin: 4.1% (down from 6.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Feb 05
Second quarter 2023 earnings released: PK₨0.21 loss per share (vs PK₨2.03 profit in 2Q 2022) Second quarter 2023 results: PK₨0.21 loss per share (down from PK₨2.03 profit in 2Q 2022). Revenue: PK₨12.6b (up 35% from 2Q 2022). Net loss: PK₨47.8m (down 111% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨42.49, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 5x in the Packaging industry in Pakistan. Total returns to shareholders of 35% over the past three years. Board Change • Nov 16
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 Asif Qadir was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 09
Full year 2022 earnings released: EPS: PK₨10.90 (vs PK₨14.59 in FY 2021) Full year 2022 results: EPS: PK₨10.90 (down from PK₨14.59 in FY 2021). Revenue: PK₨39.0b (up 36% from FY 2021). Net income: PK₨2.21b (down 25% from FY 2021). Profit margin: 5.7% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
Third quarter 2022 earnings released: EPS: PK₨3.51 (vs PK₨4.29 in 3Q 2021) Third quarter 2022 results: EPS: PK₨3.51 (down from PK₨4.29 in 3Q 2021). Revenue: PK₨10.6b (up 39% from 3Q 2021). Net income: PK₨711.6m (down 18% from 3Q 2021). Profit margin: 6.7% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. 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 Asif Qadir was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 08
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: PK₨2.23 (down from PK₨4.18 in 2Q 2021). Revenue: PK₨9.37b (up 34% from 2Q 2021). Net income: PK₨452.8m (down 47% from 2Q 2021). Profit margin: 4.8% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
First quarter 2022 earnings released: EPS PK₨3.11 (vs PK₨3.27 in 1Q 2021) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: PK₨8.54b (up 33% from 1Q 2021). Net income: PK₨630.4m (down 5.0% from 1Q 2021). Profit margin: 7.4% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 08
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 14 October 2021. Trailing yield: 1.4%. Lower than top quartile of Pakistani dividend payers (9.0%). Lower than average of industry peers (10%). Reported Earnings • Apr 29
Third quarter 2021 earnings released: EPS PK₨4.93 (vs PK₨2.09 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨7.61b (up 21% from 3Q 2020). Net income: PK₨870.0m (up 136% from 3Q 2020). Profit margin: 11% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨94.07, the stock is trading at a trailing P/E ratio of 6.8x, down from the previous P/E ratio of 8.1x. This compares to an average P/E of 16x in the Packaging industry in Pakistan. Total returns to shareholders over the past three years are 85%. Is New 90 Day High Low • Mar 08
New 90-day low: PK₨104 The company is down 1.0% from its price of PK₨106 on 08 December 2020. The Pakistani market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Packaging industry, which is down 14% over the same period. Announcement • Feb 18
Century Paper and Board Mills Limited Announces Board Changes Century Paper and Board Mills Limited announced that Mr. Asif Qadir has been appointed as Director of the Company with effect from February 15, 2021 in place of Mr. Kemal Shoaib. Is New 90 Day High Low • Jan 27
New 90-day high: PK₨131 The company is up 21% from its price of PK₨108 on 28 October 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: PK₨126 The company is up 30% from its price of PK₨96.37 on 09 October 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 29% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: PK₨118 The company is up 19% from its price of PK₨99.12 on 18 September 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 15% over the same period. Announcement • Nov 27
Century Paper & Board Mills Limited Announces Change of Directorate Century Paper & Board Mills Limited announced that Mr. Ali Aamir has been appointed as Director of the Company with effect from November 26, 2020 in place of Mr. Engr. M. Abdul Jabbar. Reported Earnings • Oct 28
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨2.05b, up 152% from the prior year. Total revenue was PK₨25.4b over the last 12 months, up 11% from the prior year. Is New 90 Day High Low • Oct 15
New 90-day high: PK₨117 The company is up 81% from its price of PK₨64.65 on 17 July 2020. The Pakistani market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Oct 13
Market bids up stock over the past week After last week's 19% share price gain to PK₨104, the stock is trading at a trailing P/E ratio of 12x, up from the previous P/E ratio of 10.1x. This compares to an average P/E of 18x in the Packaging industry in Pakistan. Total returns to shareholders over the past three years are 107%. Reported Earnings • Sep 18
Full year earnings released - EPS PK₨10.35 Over the last 12 months the company has reported total profits of PK₨1.52b, up 79% from the prior year. Total revenue was PK₨24.3b over the last 12 months, up 9.4% from the prior year. Profit margins were 6.3%, which is higher than the 3.8% margin from last year. The increase in margin was driven by higher revenue. 
