FCCL

⚡ Flash Summary

Fauji Cement Company Limited (FCCL) reported a slight increase in profit after tax for the first quarter ended September 30, 2025, with Rs 3,286 million compared to Rs 3,246 million in the same period last year. The company maintained a net profit ratio of 14%. However, the gross profit margin decreased slightly to 32% from 34% in the same period last year, mainly due to lower sales prices. The company did not declare any cash dividend, bonus shares, or right shares for the quarter.

📌 Key Takeaways

• ✅ Profit after Tax increased to Rs 3,286 million from Rs 3,246 million YoY.
• 📊 Net profit ratio maintained at 14%.
• 📉 Gross Profit Margin decreased to 32% from 34% YoY.
• 💰 No Cash Dividend declared.
• 🚫 No Bonus Shares declared.
• 🚫 No Right Shares declared.
• ⚡️ Enhanced usage of local coal and alternative fuels contributed to cost optimization.
• ☀️ Increased solar power generation helped reduce power costs.
• 🏭 Revenue net increased to Rs 23,417.812 million from Rs 22,956.406 million YoY.
• 🚧 Finance cost decreased to (1,135.639) million from (1,675.497) YoY.

🎯 Investment Thesis

HOLD. The company has shown slight growth in profit, but the declining gross profit margin is a concern. Cost optimization efforts seem to be helping, but the long-term sustainability of these measures needs to be evaluated. A more detailed analysis of the sector and the company’s competitive position is necessary before making a buy or sell recommendation.

⚡ Flash Summary

FCCL announced: Transmission of 1st Quarterly Accounts for the period Ended 30 Sep 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• FCCL made announcement: Transmission of 1st Quarterly Accounts for the period Ended 30 Sep 2025
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for FCCL. Manual verification required.

⚡ Flash Summary

Fauji Cement Company Limited (FCCL) has announced an emergent board meeting to be held on November 3, 2025, to consider matters other than financial results. A closed period has been declared from October 31 to November 3, 2025, during which directors, the CEO, and executives are prohibited from trading in the company’s shares. This measure is in compliance with Pakistan Stock Exchange (PSX) regulations. The announcement was made on October 30, 2025, and disseminated to relevant stakeholders, including the Pakistan Stock Exchange and Trading Right Entitlement (TRE) Certificate Holders.

📌 Key Takeaways

• 📅 Emergent board meeting scheduled for November 3, 2025, at 1100 hours.
• 🏢 Meeting will be held at FCCL’s Head Office in Rawalpindi.
• 🤔 Agenda includes consideration of matters other than financial results.
• 🚫 ‘Closed Period’ declared from October 31 to November 3, 2025.
• 🔒 Trading of FCCL shares prohibited for directors, CEO, and executives during the closed period.
• 📜 Measure implemented in compliance with PSX Regulations.
• 📢 Announcement dated October 30, 2025.
• ✉️ Information disseminated to the General Manager of the Pakistan Stock Exchange.
• ✅ Compliance with regulations ensured.
• ℹ️ TRE Certificate Holders informed.
• 🏢 Copy of the announcement sent to relevant departments and individuals within FCCL and related organizations.
• 🏢 The company headquarters is located at Fauji Towers, Block-III, 68 Tipu Road, Chaklala, Rawalpindi, Pakistan.
• 📧 Official email address: secretaryoffice@fccl.com.pk
• 🌐 Company website: http://www.fccl.com.pk/eng/
• 📞 Contact via telephone at 051-9280075 or exchange at 051-9280081-83 and 5763321-24

🎯 Investment Thesis

Given the nature of the announcement (board meeting and closed period), a HOLD recommendation is appropriate. This announcement does not provide sufficient information to warrant a change in investment strategy. Further information from the board meeting may be required to reassess the company’s outlook.

⚡ Flash Summary

Fauji Cement Company Limited (FCCL) announced that its Board of Directors has approved the company, being the cement vertical of Fauji Foundation, to jointly acquire 84.06% of the total issued and paid-up capital, and joint control of Attock Cement Pakistan Limited (“Target”). FCCL will acquire 57,763,175 ordinary shares, representing 42.03% of the target’s paid-up share capital. This acquisition will be executed jointly with Kot Addu Power Company Limited (KAPCO), who will acquire the remaining 42.03%. The acquisition is subject to regulatory approvals and execution of a share purchase agreement.

📌 Key Takeaways

• ✅ FCCL’s board approved the joint acquisition of Attock Cement Pakistan Limited (ACPL).
• 🤝 The acquisition will be done jointly with Kot Addu Power Company Limited (KAPCO).
• 🎯 The target of acquisition is 84.06% of ACPL’s total issued and paid-up capital.
• 🧱 FCCL will acquire 57,763,175 ordinary shares of ACPL.
• 📊 FCCL’s stake in ACPL will be 42.03% of the paid-up share capital.
• ⚡️ KAPCO will acquire 57,763,174 ordinary shares of ACPL.
• ⚖️ KAPCO’s stake in ACPL will be 42.03% of the paid-up share capital.
• 📜 The acquisition is subject to the execution of a share purchase agreement.
• 🚦 Regulatory approvals are required for the acquisition to proceed.
• 📅 The board meeting was held on November 3, 2025.
• 🏢 Integrated Equities Limited is the Manager to the Offer.
• ℹ️ The Public Announcement of Intention was made on June 3, 2025.
• 🏢 FCCL is described as the cement vertical of Fauji Foundation (FF).

🎯 Investment Thesis

Given the lack of financial data and the nature of the announcement regarding a future acquisition, a HOLD recommendation is appropriate. Further information about the deal terms, financing, and expected synergies is required before making a definitive BUY or SELL recommendation. Target price and time horizon are not applicable.

⚡ Flash Summary

Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) intend to acquire majority shares and joint control of Attock Cement Pakistan Limited. Fauji Cement is replacing Fauji Foundation as an acquirer. The Public Announcement of Intention (PAI) addendum has been submitted by Integrated Equities Limited (IEL), the Manager to Offer (MTO), for acquiring up to 84.06% shares of Attock Cement. The PAI is expected to be published in English and Urdu newspapers within two working days.

📌 Key Takeaways

• 📢 FCCL and KAPCO plan to jointly acquire Attock Cement.
• 🤝 FCCL replaces Fauji Foundation as an acquirer.
• 💼 IEL is the Manager to Offer (MTO) for this acquisition.
• 🎯 Target: Acquisition of up to 84.06% shares of Attock Cement.
• 📜 PAI addendum submitted to Pakistan Stock Exchange.
• 📰 PAI to be published in “The Nation” and “Nawa-i-Waqt” newspapers.
• 📅 Publication expected by 06 November 2025.
• 🏢 Attock Cement is the “Target Company.”
• ⚖️ Acquisition is under the Securities Act, 2015.
• 🏢 FCCL’s largest shareholder is Fauji Foundation (61.65%).
• ⚡ KAPCO’s major shareholder is WAPDA (40.25%).
• 🏢 IEL’s Head Office: Lahore; Branch Office: Karachi.

🎯 Investment Thesis

Given the information, a HOLD recommendation is appropriate. The acquisition could lead to long-term value creation, but the lack of financial details and inherent risks warrant caution. More information is needed for a more informed decision. The price target is pending further financial analysis.

⚡ Flash Summary

Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO) jointly announced an addendum to their public intention to acquire shares and joint control of Attock Cement Pakistan Limited (ACPL). This announcement follows an earlier material information release on November 4, 2025. The addendum provides additional details as required under the Securities Act, 2015 and related regulations for substantial acquisitions. The announcement was also published in “The Nation” and “The Nawa-i-Waqt” newspapers, in compliance with regulatory requirements.

📌 Key Takeaways

• 📅 Announcement date: November 6, 2025.
• 🏢 Companies involved: Fauji Cement Company Limited (FCCL) and Kot Addu Power Company Limited (KAPCO).
• 🎯 Target company: Attock Cement Pakistan Limited (ACPL).
• 🤝 Objective: Acquisition of shares and joint control of ACPL.
• 📜 Regulatory compliance: Announcement made under the Securities Act, 2015.
• 📰 Publication: Information published in ‘The Nation’ and ‘Nawa-i-Waqt’ newspapers.
• ℹ️ Addendum: This is an addendum to the initial announcement dated November 4, 2025.
• 🏢 FCCL’s major shareholding: Fauji Foundation holds 61.65% shares in FCCL.
• 🏢 Fauji Foundation’s status: Established as a welfare trust in 1954.
• 🌐 Group companies: FCCL has holdings in various entities like Fauji Fertilizer, Mari Petroleum, etc.
• 🔗 KAPCO’s website: Investors can find more details about KAPCO’s share distribution on its website (www.kapco.com.pk).
• ❌ No prior voting rights: It is stated that no prior voting rights were already with FCCL.
• 🤝 Acquisition terms: Subject to definitive agreements, due diligence, and regulatory approvals.
• ✉️ Manager to the Offer: Integrated Equities Limited (IEL).
• 🧑‍💼 Key personnel: Qamar Haris Manzoor (CEO of FCCL) and Shahab Qadir Khan (CEO of KAPCO).

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. There isn’t enough information to make a BUY or SELL decision. Further information about the deal’s valuation and impact on FCCL’s financials is needed to form a more concrete investment thesis. A price target cannot be reliably established without these details. Time horizon is dependent on when the deal terms are announced.

⚡ Flash Summary

Fauji Cement Company Limited (FCCL) has announced the credit of the final cash dividend of Rupees 1.25 per share for the fiscal year ended June 30, 2025. This dividend was approved during the 33rd Annual General Meeting held on September 30, 2025, and has been credited to the designated bank accounts of shareholders who provided valid International Bank Account Numbers (IBAN) on October 9, 2025. The company has withheld dividends for shareholders who have not provided valid CNIC or IBAN information, in compliance with the Companies Act 2017 and related regulations. Notices regarding the withholding of the final cash dividend were dispatched on October 10, 2025.

📌 Key Takeaways

• 💰 FCCL declares a final cash dividend of Rupees 1.25 per share for FY 2024/25.
• 🗓️ Dividend approved at the 33rd AGM held on September 30, 2025.
• 🏦 Dividend credited to shareholders’ accounts on October 9, 2025, for those with valid IBANs.
• 🚫 Dividends withheld for shareholders without valid CNIC or IBAN, per regulatory requirements.
• 📜 Complies with Section 243(3) of Companies Act 2017 and Regulation 6(1)(iv).
• ✉️ Notices of withholding dispatched on October 10, 2025.
• ⏳ Shareholders can receive withheld dividends by providing the necessary information within 15 days.
• 🌐 Information available on FCCL’s website for electronic dividend mandate.
• 🏢 CDC account holders need to update bank details with CDC or their broker.
• 📝 Physical shareholders should submit bank details to the Share Registrar, M/s Corplink (Pvt) Ltd.
• 📄 Annex A provides a form for submitting bank account details for dividend transfer.
• 🔒 Company not liable for losses due to incorrect bank details provided by shareholders.
• ✅ CNIC/NTN certificate/passport copy must be attached for verification.

🎯 Investment Thesis

HOLD. The announcement of the final cash dividend provides a tangible return to shareholders, reflecting a stable financial position. However, the focus is primarily on administrative aspects rather than strategic initiatives or growth prospects. Without additional information on future growth strategies, earnings potential, or valuation metrics, a hold recommendation is appropriate. Monitor FCCL’s future announcements and financials to reassess the investment thesis. The price target should be evaluated based on comparative valuation and growth potential over the next 12 months.

⚡ Flash Summary

Fauji Cement Company Limited (FCCL) will hold its 167th Board Meeting on October 27, 2025, to consider, approve, and adopt the quarterly un-audited accounts along with the Directors’ Review for the first quarter ending September 30, 2025. The company has declared a ‘Closed Period’ from October 21 to October 27, 2025, during which directors, CEOs, and executives are prohibited from trading FCCL shares. This announcement indicates a routine corporate governance activity related to the review and approval of financial results. The meeting and closed period are in compliance with the Pakistan Stock Exchange regulations.

📌 Key Takeaways

• 🗓️ 167th Board Meeting scheduled for October 27, 2025.
• 🏢 Meeting to be held at FCCL Jhang Bahtar Plant, Attock.
• 🕒 Meeting will commence at 1130 hours.
• ✅ Agenda includes reviewing and approving quarterly un-audited accounts.
• 📑 Directors’ Review for Q1 ending September 30, 2025, will be discussed.
• 🔒 ‘Closed Period’ declared from October 21 to October 27, 2025.
• 🚫 During closed period, trading of FCCL shares by insiders is prohibited.
• 📜 Compliance with clause 5.6.4 of Rule Book of Pakistan Stock Exchange.
• 📢 Announcement made to inform members of the Pakistan Stock Exchange (PSX).
• ✉️ Copy of the announcement sent to various compliance officers and departments.
• 👤 Brig Kashif Naveed Abbasi, Company Secretary, signed the announcement.
• 🏢 Fauji Cement Company Limited’s head office located in Rawalpindi, Pakistan.
• 🌐 Company website: http://www.fccl.com.pk/eng/

🎯 Investment Thesis

HOLD. The announcement primarily concerns regulatory compliance and the scheduling of a board meeting to review financial results. Without specific financial data, a BUY or SELL recommendation cannot be justified. The current information suggests maintaining a HOLD position until the financial results are released and analyzed.