Lahore: Pioneer Cement Ltd. (PIOC) held an analyst briefing to discuss its financial performance for fiscal year 2026 and the company's future outlook. The company reported its highest-ever earnings, with significant growth in revenue and production volumes.

According to AKD Securities Limited, Pioneer Cement achieved annual earnings of PkR6.6 billion, translating to earnings per share (EPS) of PkR29.0. This represents a 35% increase from the previous year, where earnings were PkR4.9 billion (EPS: PkR21.5). The company's revenue rose by 16% to PkR38.6 billion, driven primarily by an 18% increase in production volume, reaching 2.44 million tons compared to 2.07 million tons in the previous year.

The management highlighted that net retention for the fiscal year stood at PkR15,781 per ton. The briefing also revealed that AKD Securities Limited maintains a 'BUY' stance on the company, setting a target price of PkR157 per share by December 2026. This outlook is based on a recovery in demand due to the revival of construction activities and improved margins from cost efficiencies and the growing share of high-margin white cement products. At current market prices, Pioneer Cement is trading at approximately a 2.5% discount to its swap-implied value, offering an attractive entry point for investors.