Karachi: Maple Leaf Cement Factory Ltd. (MLCF) has reported a 24% year-on-year increase in revenue for the fiscal year 2026, reaching PKR 85.1 billion. The growth was attributed to higher sales volumes and the inclusion of Pioneer Cement Limited's (PIOC) sales following its acquisition.

According to AKD Securities Limited, MLCF's profitability increased by 3% year-on-year, with net earnings of PKR 11.9 billion and earnings per share (EPS) of PKR 11.3, compared to PKR 11.5 billion and an EPS of PKR 11.0 in the same period last year. The company’s offtakes rose by 10.1% year-on-year to 4.0 million tons, up from 3.6 million tons in the previous year.

The report from AKD Securities also indicated a positive outlook for MLCF, maintaining a 'BUY' stance with a December 2026 target price of PKR 157 per share. This outlook is supported by expected demand recovery due to a revival in construction activity, as well as improved margins from cost efficiencies and an increased share of white cement, a high-margin product.