Reported Earnings • Apr 30
Third quarter 2026 earnings released: EPS: PK₨0.21 (vs PK₨0.064 loss in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.21 (up from PK₨0.064 loss in 3Q 2025). Revenue: PK₨6.53b (up 14% from 3Q 2025). Net income: PK₨103.8m (up PK₨134.6m from 3Q 2025). Profit margin: 1.6% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 20
Dewan Cement Limited to Report Q3, 2026 Results on Apr 27, 2026 Dewan Cement Limited announced that they will report Q3, 2026 results on Apr 27, 2026 New Risk • Apr 08
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 9.4% 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 Less than 1 year of cash runway based on free cash flow trend (-PK₨616m free cash flow). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (PK₨4.15b market cap, or US$14.9m). Reported Earnings • Feb 28
Second quarter 2026 earnings released: PK₨0.44 loss per share (vs PK₨0.094 loss in 2Q 2025) Second quarter 2026 results: PK₨0.44 loss per share (further deteriorated from PK₨0.094 loss in 2Q 2025). Revenue: PK₨6.11b (up 19% from 2Q 2025). Net loss: PK₨215.3m (loss widened 375% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 18
Dewan Cement Limited to Report First Half, 2026 Results on Feb 25, 2026 Dewan Cement Limited announced that they will report first half, 2026 results on Feb 25, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: PK₨0.82 loss per share (vs PK₨0.52 loss in 1Q 2025) First quarter 2026 results: PK₨0.82 loss per share (further deteriorated from PK₨0.52 loss in 1Q 2025). Revenue: PK₨5.59b (up 16% from 1Q 2025). Net loss: PK₨396.5m (loss widened 57% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 02
Full year 2025 earnings released: PK₨2.00 loss per share (vs PK₨1.05 loss in FY 2024) Full year 2025 results: PK₨2.00 loss per share (further deteriorated from PK₨1.05 loss in FY 2024). Revenue: PK₨21.4b (down 4.1% from FY 2024). Net loss: PK₨967.8m (loss widened 90% from FY 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 01
Dewan Cement Limited, Annual General Meeting, Oct 27, 2025 Dewan Cement Limited, Annual General Meeting, Oct 27, 2025. New Risk • May 08
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: 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₨4.38b market cap, or US$15.5m). Reported Earnings • May 04
Third quarter 2025 earnings released: PK₨0.06 loss per share (vs PK₨0.54 loss in 3Q 2024) Third quarter 2025 results: PK₨0.06 loss per share (improved from PK₨0.54 loss in 3Q 2024). Revenue: PK₨5.75b (up 7.1% from 3Q 2024). Net loss: PK₨30.8m (loss narrowed 88% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 05
Second quarter 2025 earnings released: PK₨0.09 loss per share (vs PK₨0.47 loss in 2Q 2024) Second quarter 2025 results: PK₨0.09 loss per share (improved from PK₨0.47 loss in 2Q 2024). Revenue: PK₨5.15b (down 14% from 2Q 2024). Net loss: PK₨45.3m (loss narrowed 80% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 09
Full year 2024 earnings released: PK₨1.05 loss per share (vs PK₨1.21 loss in FY 2023) Full year 2024 results: PK₨1.05 loss per share (improved from PK₨1.21 loss in FY 2023). Revenue: PK₨22.3b (up 11% from FY 2023). Net loss: PK₨509.7m (loss narrowed 13% from FY 2023). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Tillkännagivande • Oct 04
Dewan Cement Limited, Annual General Meeting, Oct 24, 2024 Dewan Cement Limited, Annual General Meeting, Oct 24, 2024. Location: dewan cement limited factory site, at deh dhando, dhabeji, district malir, karachi, karachi Australia New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (PK₨4.18b market cap, or US$15.0m). Reported Earnings • May 05
Third quarter 2024 earnings released: PK₨0.54 loss per share (vs PK₨0.058 loss in 3Q 2023) Third quarter 2024 results: PK₨0.54 loss per share (further deteriorated from PK₨0.058 loss in 3Q 2023). Revenue: PK₨5.37b (down 8.7% from 3Q 2023). Net loss: PK₨259.4m (loss widened PK₨231.5m from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 07
Full year 2023 earnings released: PK₨1.21 loss per share (vs PK₨1.45 loss in FY 2022) Full year 2023 results: PK₨1.21 loss per share (improved from PK₨1.45 loss in FY 2022). Revenue: PK₨20.2b (up 22% from FY 2022). Net loss: PK₨586.3m (loss narrowed 17% from FY 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jul 12
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 6.8% 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 Earnings have declined by 45% per year over the past 5 years. Market cap is less than US$10m (PK₨2.45b market cap, or US$8.85m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Tillkännagivande • Dec 16
Dewan Cement Limited Announces Change of Chief Executive Officer Dewan Cement Limited informed that Mr. Ghazanfar Baber Siddiqui has been appointed as Chief Executive Officer of the Company with effect from December 14, 2022 in place of Mr. Ishtiaq Ahmad. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Non-Executive Director Waseem-ul-Haque Ansari was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jul 20
Dewan Cement Limited Announces Executive Changes Dewan Cement Limited informed Pakistan Stock Exchange that Mr. Abdul Basit has been appointed as Director of the company with effect from June 30, 2022 in place of Mr. Haroon Iqbal. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Syed Ali was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
First quarter 2022 earnings released: PK₨0.59 loss per share (vs PK₨0.24 loss in 1Q 2021) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: PK₨3.02b (up PK₨3.01b from 1Q 2021). Net loss: PK₨287.5m (loss widened 148% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 25
Full year 2021 earnings released: PK₨1.38 loss per share (vs PK₨2.74 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: PK₨6.26b (up 7.3% from FY 2020). Net loss: PK₨666.4m (loss narrowed 50% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • May 01
Third quarter 2021 earnings released: EPS PK₨0.32 (vs PK₨1.17 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₨2.80b (up 105% from 3Q 2020). Net income: PK₨156.6m (up PK₨722.3m from 3Q 2020). Profit margin: 5.6% (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 75 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 14
Non-Executive Director has left the company On the 5th of April, Waseem-ul-Haque Ansari's tenure as Non-Executive Director ended after 4.6 years in the role. As of December 2020, Waseem-ul-Haque personally held only 500.00 shares (PK₨5.2k worth at the time). A total of 3 executives have left over the last 12 months. Executive Departure • Mar 16
Non-Executive Director has left the company On the 10th of March, Muhammad Jafferi's tenure in the role of Non-Executive Director ended. As of December 2020, Muhammad personally held only 500.00 shares (PK₨5.2k worth at the time). A total of 2 executives have left over the last 12 months. Tillkännagivande • Mar 12
Dewan Cement Limited Announces Board Changes Dewan Cement Limited announced that syed Maqbool A has been appointed as director of the company with effect from March 10, 2021 in place of Muhammad Babar Jafferi. Reported Earnings • Feb 24
Second quarter 2021 earnings released: PK₨0.55 loss per share (vs PK₨0.23 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: PK₨931.6m (down 59% from 2Q 2020). Net loss: PK₨266.6m (loss widened 143% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 17
New 90-day high: PK₨12.07 The company is up 29% from its price of PK₨9.33 on 19 November 2020. The Pakistani market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 26% over the same period. Executive Departure • Jan 30
CEO & Executive Director Syed Anwar has left the company On the 27th of January, Syed Anwar's tenure as CEO & Executive Director of the company ended after 4.0 years in the role. As of September 2020, Syed personally held only 1.38k shares (PK₨14k worth at the time). Syed is the only executive to leave the company over the last 12 months. Under Syed's leadership, the company delivered a total shareholder return of -68%. Is New 90 Day High Low • Jan 20
New 90-day high: PK₨11.43 The company is up 7.0% from its price of PK₨10.73 on 22 October 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Basic Materials industry, which is up 6.0% over the same period. Reported Earnings • Oct 28
First quarter earnings released Over the last 12 months the company has reported total losses of PK₨1.38b, with losses widening by 162% from the prior year. Total revenue was PK₨4.05b over the last 12 months, down 63% from the prior year. Reported Earnings • Oct 07
Full year earnings released - PK₨2.74 loss per share Over the last 12 months the company has reported total losses of PK₨1.32b, with losses widening by 376% from the prior year. Total revenue was PK₨5.83b over the last 12 months, down 52% from the prior year. 
