<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FCCL announced its FY25 results, posting a profit after tax
of PKR 13.33bn (EPS: PKR 5.43), up 62% y/y from PKR 8.22bn (EPS: PKR 3.35) in
FY24. The result came exactly in line with our expectations (HMFS est.: EPS PKR
5.3) with a higher-than-expected payout (DPS: PKR 1.25 vs. HMFS est.: PKR
1.00).</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;"><strong>Topline growth:</strong> Revenue increased 11.2% y/y to PKR 88.96bn,
supported by higher offtakes and firm retention prices.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;"><strong>Strong margin expansion:</strong> Gross profit rose 22.9% y/y to PKR
31.57bn, with gross margins improving to 35.5% from 32.1% in...
