Q4 2025 Lucky Cement Ltd Earnings Call Transcript
Key Points
- Lucky Cement Ltd (KAR:LUCK) reported an 8% increase in volumetric dispatches, including both local and export markets.
- The company completed a 5:1 stock split to make shares more accessible to retail investors, resulting in over 60% of shareholders holding 500 shares or less.
- Renewable energy initiatives have been successful, with 55% of the energy mix now coming from renewable sources, optimizing energy costs.
- Foreign cement operations in Iraq and Congo are performing well, with Iraq operating at 95% capacity and Congo at 84-85%.
- The company reported a 17% increase in profitability after tax, reaching PKR84.5 billion, driven by stable coal prices and renewable energy contributions.
- Domestic cement sales have declined by 5.5%, reflecting a broader industry trend of declining domestic sales over the past few years.
- The company faces challenges in the domestic market with stagnant cement demand, which has not grown over the last six to seven years.
- Floods and rains have distorted cement demand, impacting sales growth and creating uncertainty in the market.
- The company's dividend payout policy is conservative, with no major shift expected, which may not meet investor expectations for regular payouts.
- The mining venture in Balochistan is still in early exploration stages, with significant results not expected for another two to three years.
Assalam-o-oAlaikum, everyone. Welcome to Lucky Cements annual briefing for FY25. My name is Arsalan Hanif, and I will be moderating the Zoom session. I have with me Mr. Atif Kaludi. He's the CFO. He will brief you about the Lucky's current financial performance and future outlook.
Now, I would like to request Mr. Atif to start.
Ji, Bismillah-ir-Rahman-ir-Rahim. Thank you all and welcome to our analyst meeting for first quarter FY 2025. So this is the portfolio of our companies and segments that we are in, just for recollection of the businesses that our conglomerate has.
So starting from the increase in volumetric dispatches, the overall increase in volumetric dispatches is 8%, which includes both local and export. We're going to drill down in the coming slides, so I will, mention that later. So during the year, we announced a stock split 5:1, we were one of the very first few companies, to do that. And the key reason to do that was to make our share
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