Balance Sheet FrieslandCampina Engro Pakistan Limited

Stocks

FCEPL

PK0096501017

Food Processing

End-of-day quote Pakistan S.E. Other stock markets 11/06/2026			5-day change	1st Jan Change
112.14 ^PKR	+2.38%		+4.38%	+29.70%

04-26	FrieslandCampina Engro Pakistan Limited Announces Board Changes, Effective April 24, 2026	CI
04-23	FrieslandCampina Engro Pakistan Limited Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

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Published financial data: FRIESLANDCAMPINA ENGRO PAKISTAN LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	52.09B	73.47B	100B	107B	104B
Total Revenues	52.09B	73.47B	100B	107B	104B
Cost of Goods Sold, Total	43.32B	61.43B	85.94B	90.13B	87.16B
Gross Profit	8.77B	12.04B	14.3B	16.93B	17.3B
Selling General & Admin Expenses, Total	5.81B	7.57B	9.53B	9.98B	9.06B
Provision for Bad Debts	1.86M	-	-	-	-
Other Operating Expenses	9.44M	222M	68.06M	182M	418M
Other Operating Expenses, Total	5.82B	7.79B	9.59B	10.16B	9.48B
Operating Income	2.95B	4.25B	4.7B	6.77B	7.82B
Interest Expense, Total	-840M	-1.36B	-3.1B	-3.22B	-1.13B
Interest And Investment Income	81.52M	206M	171M	180M	134M
Net Interest Expenses	-758M	-1.15B	-2.93B	-3.04B	-998M
Currency Exchange Gains (Loss)	-20.7M	-21.19M	-	-17.92M	-5.62M
Other Non Operating Income (Expenses)	-21.52M	-21.87M	-30.17M	-39.69M	-49.96M
EBT, Excl. Unusual Items	2.15B	3.05B	1.74B	3.67B	6.76B
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-7.06M	89.02M	116M	31.67M	96.06M
Asset Writedown	433M	809M	1.13B	-128M	-107M
EBT, Incl. Unusual Items	2.58B	3.95B	2.99B	3.58B	6.75B
Income Tax Expense	776M	1.49B	1.48B	1.37B	4.06B
Earnings From Continuing Operations	1.8B	2.47B	1.51B	2.2B	2.69B
Net Income to Company	1.8B	2.47B	1.51B	2.2B	2.69B
Net Income - (IS)	1.8B	2.47B	1.51B	2.2B	2.69B
Net Income to Common Incl Extra Items	1.8B	2.47B	1.51B	2.2B	2.69B
Net Income to Common Excl. Extra Items	1.8B	2.47B	1.51B	2.2B	2.69B
Per Share Items
Net EPS - Basic	2.35	3.22	1.97	2.87	3.51
Basic EPS - Continuing Operations	2.35	3.22	1.97	2.87	3.51
Basic Weighted Average Shares Outstanding	767M	767M	767M	767M	767M
Net EPS - Diluted	2.35	3.22	1.97	2.87	3.51
Diluted EPS - Continuing Operations	2.35	3.22	1.97	2.87	3.51
Diluted Weighted Average Shares Outstanding	767M	767M	767M	767M	767M
Normalized Basic EPS	1.76	2.49	1.42	2.99	5.51
Normalized Diluted EPS	1.76	2.49	1.42	2.99	5.51
Dividend Per Share	-	-	-	2.8	3.5
Payout Ratio	0.09	0	0.01	0	79.7
Supplemental Items
EBITDA	4.97B	5.67B	6.23B	8.44B	9.49B
EBITA	2.95B	4.25B	4.7B	6.77B	7.82B
EBIT	2.95B	4.25B	4.7B	6.77B	7.82B
EBITDAR	5.13B	5.92B	6.62B	8.84B	9.88B
Effective Tax Rate - (Ratio)	30.08	37.59	49.55	38.38	60.16
Total Current Taxes	155M	1.26B	1.72B	1.89B	2.73B
Total Deferred Taxes	621M	227M	-236M	-521M	1.33B
Normalized Net Income	1.35B	1.91B	1.09B	2.29B	4.23B
Interest on Long-Term Debt	470M	507M	369M	293M	222M
Non-Cash Pension Expense	17.03M	25.66M	45.34M	74.52M	44.89M
Supplemental Operating Expense Items
Advertising Expense	1.64B	2.04B	2.52B	2.34B	2.05B
Selling and Marketing Expenses	4.49B	5.86B	7.67B	8.16B	7.33B
General and Administrative Expenses	1.32B	1.71B	1.86B	1.81B	1.73B
Net Rental Expense, Total	158M	251M	394M	403M	387M
Imputed Operating Lease Interest Expense	175M	619M	3.99B	5.23B	1.3B
Imputed Operating Lease Depreciation	-16.34M	-368M	-3.59B	-4.83B	-909M
Maintenance & Repair Expenses, Total	882M	1.08B	1.47B	1.87B	2.17B
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Total Stock-Based Compensation	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	346M	1.82B	2.08B	2.75B	1.21B
Short Term Investments	2.01B	2.04B	1.06B	104M	157M
Total Cash And Short Term Investments	2.36B	3.86B	3.13B	2.85B	1.36B
Accounts Receivable, Total	1.31B	1.9B	1.89B	1.37B	1.56B
Other Receivables	6.05B	7.47B	9.32B	7.97B	4.36B
Total Receivables	7.35B	9.37B	11.21B	9.34B	5.92B
Inventory	5.03B	7.98B	11.32B	10.32B	10.76B
Prepaid Expenses	134M	89.77M	121M	139M	110M
Other Current Assets, Total	391M	531M	219M	487M	306M
Total Current Assets	15.27B	21.83B	26.01B	23.14B	18.46B
Gross Property Plant And Equipment	27.97B	29.62B	32.49B	35.71B	38.35B
Accumulated Depreciation	-17.94B	-19.04B	-20.08B	-21.63B	-23.2B
Net Property Plant And Equipment	10.03B	10.59B	12.41B	14.07B	15.15B
Long-term Investments	-	129M	-	-	-
Other Intangibles, Total	53.88M	29.62M	13.36M	51.25M	38.28M
Deferred Tax Assets Long-Term	185M	-	194M	716M	-
Other Long-Term Assets, Total	1.59B	2.17B	3.26B	3.7B	3.86B
Total Assets	27.14B	34.75B	41.89B	41.68B	37.51B
Liabilities
Accounts Payable, Total	7.26B	13.54B	7.66B	6.82B	8.26B
Accrued Expenses, Total	3.57B	4.51B	16.48B	15.19B	7.49B
Short-term Borrowings	463M	-	121M	310M	746M
Current Portion of Long-Term Debt	2.58B	1.57B	500M	-	17M
Current Portion of Leases	285M	268M	424M	594M	525M
Unearned Revenue Current, Total	119M	765M	1.43B	937M	669M
Other Current Liabilities	89.04M	170M	257M	178M	183M
Total Current Liabilities	14.36B	20.83B	26.88B	24.03B	17.89B
Long-Term Debt	2.2B	750M	250M	318M	970M
Long-Term Leases	248M	438M	584M	871M	1.06B
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	41.6M	-	-	618M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	16.81B	22.06B	27.71B	25.22B	20.54B
Common Stock, Total	7.67B	7.67B	7.67B	7.67B	7.67B
Additional Paid In Capital	865M	865M	865M	865M	865M
Retained Earnings	1.92B	4.43B	5.94B	8.14B	8.69B
Comprehensive Income and Other	-128M	-273M	-297M	-218M	-253M
Total Common Equity	10.33B	12.69B	14.18B	16.46B	16.97B
Total Equity	10.33B	12.69B	14.18B	16.46B	16.97B
Total Liabilities And Equity	27.14B	34.75B	41.89B	41.68B	37.51B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	767M	767M	767M	767M	767M
ECS Total Common Shares Outstanding	767M	767M	767M	767M	767M
Book Value / Share	13.47	16.55	18.49	21.47	22.13
Tangible Book Value	10.27B	12.66B	14.16B	16.41B	16.93B
Tangible Book Value Per Share	13.4	16.51	18.47	21.4	22.08
Total Debt	5.78B	3.03B	1.88B	2.09B	3.32B
Net Debt	3.42B	-835M	-1.25B	-757M	1.96B
Debt Equivalent of Unfunded Proj. Benefit Obligation	214M	347M	412M	365M	442M
Debt Equivalent Oper. Leases	1.27B	2.01B	3.16B	3.23B	3.1B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	2.41B	4.16B	5.16B	4.95B	4.99B
Inventories - Work In Process, Total	1.4B	1.18B	3.06B	1.77B	1.35B
Inventories - Finished Goods, Total	888M	2.35B	2.05B	2.89B	3.83B
Inventories - Others	692M	825M	1.51B	1.47B	1.45B
Land - (BS)	416M	416M	416M	416M	416M
Buildings, Total	4.5B	4.59B	4.92B	5.09B	5.28B
Machinery, Total	21.03B	22.38B	22.77B	24.12B	25.68B
Full Time Employees	1.25K	1.27K	1.26K	1.16K	1.65K
Accumulated Allowance for Doubtful Accounts (Supple)	10.87M	12.24M	9.92M	8.36M	7.71M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.8B	2.47B	1.51B	2.2B	2.69B
Depreciation & Amortization - CF	2.27B	1.72B	1.92B	2.18B	2.32B
Depreciation & Amortization, Total	2.27B	1.72B	1.92B	2.18B	2.32B
Amortization of Deferred Charges, Total - (CF)	29.06M	27.16M	19.14M	15.08M	12.97M
(Gain) Loss From Sale Of Asset	-109M	-89.02M	-116M	-31.67M	-96.06M
Asset Writedown & Restructuring Costs	-433M	-809M	-1.13B	-729M	-526M
Stock-Based Compensation (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-5.05M	1.76M	-2.31M	-1.56M	-651K
Other Operating Activities, Total	334M	1.38B	419M	-333M	1.38B
Change In Accounts Receivable	-499M	-599M	15.76M	521M	-188M
Change In Inventories	-1.19B	-3.17B	-3.93B	539M	-474M
Change In Accounts Payable	2.73B	7.05B	1.64B	-369M	3.95B
Change in Unearned Revenues	-111M	662M	662M	-491M	-267M
Change in Other Net Operating Assets	-1.14B	-2.42B	2.33B	-647M	-6.49B
Cash from Operations	3.68B	6.22B	3.34B	2.86B	2.33B
Capital Expenditure	-1.13B	-1.76B	-2.61B	-3.24B	-2.62B
Sale of Property, Plant, and Equipment	263M	274M	493M	1.02B	732M
Sale (Purchase) of Intangible assets	-15.85M	-15.46M	-42.29M	-1.1M	-
Investment in Marketable and Equity Securities, Total	-	-	-	-65M	-75M
Other Investing Activities, Total	-	59.22M	25.77M	154M	165M
Cash from Investing	-884M	-1.45B	-2.14B	-2.13B	-1.79B
Short Term Debt Issued, Total	-	-	-	-	123M
Long-Term Debt Issued, Total	-	-	121M	318M	669M
Total Debt Issued	-	-	121M	318M	792M
Short Term Debt Repaid, Total	-	-	-	-75.08M	-
Long-Term Debt Repaid, Total	-1.48B	-2.84B	-2.07B	-1.66B	-1.03B
Total Debt Repaid	-1.48B	-2.84B	-2.07B	-1.74B	-1.03B
Common Dividends Paid	-1.56M	-61K	-108K	-106K	-2.14B
Common & Preferred Stock Dividends Paid	-1.56M	-61K	-108K	-106K	-2.14B
Cash from Financing	-1.49B	-2.84B	-1.95B	-1.42B	-2.39B
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	1.31B	1.94B	-746M	-687M	-1.85B
Supplemental Items
Cash Interest Paid	736M	1.19B	2.53B	3.34B	1.43B
Cash Income Tax Paid (Refund)	644M	362M	1.6B	1.79B	2.26B
Levered Free Cash Flow	2.06B	4.67B	2.23B	1.05B	568M
Unlevered Free Cash Flow	2.59B	5.52B	4.16B	3.07B	1.28B
Change In Net Working Capital	405M	-2.9B	-1.94B	123M	3.33B
Net Debt Issued / Repaid	-1.48B	-2.84B	-1.95B	-1.42B	-241M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.32	8.58	7.67	10.12	12.34
Return on Total Capital	11.89	16.69	18.49	24.45	25.16
Return On Equity %	19.12	21.42	11.23	14.38	16.1
Return on Common Equity	19.12	21.42	11.23	14.38	16.1
Margin Analysis
Gross Profit Margin %	16.84	16.39	14.26	15.81	16.56
SG&A Margin	11.15	10.31	9.5	9.32	8.67
EBITDA Margin %	9.55	7.71	6.21	7.89	9.09
EBITA Margin %	5.67	5.78	4.69	6.32	7.48
EBIT Margin %	5.67	5.78	4.69	6.32	7.48
Income From Continuing Operations Margin %	3.46	3.36	1.51	2.06	2.58
Net Income Margin %	3.46	3.36	1.51	2.06	2.58
Net Avail. For Common Margin %	3.46	3.36	1.51	2.06	2.58
Normalized Net Income Margin	2.58	2.6	1.09	2.14	4.05
Levered Free Cash Flow Margin	3.96	6.35	2.22	0.98	0.54
Unlevered Free Cash Flow Margin	4.97	7.51	4.15	2.86	1.22
Asset Turnover
Asset Turnover	2.07	2.37	2.62	2.56	2.64
Fixed Assets Turnover	4.98	7.13	8.72	8.08	7.15
Receivables Turnover (Average Receivables)	49.46	45.82	52.88	65.72	71.39
Inventory Turnover (Average Inventory)	9.61	9.44	8.91	8.33	8.27
Short Term Liquidity
Current Ratio	1.06	1.05	0.97	0.96	1.03
Quick Ratio	0.68	0.64	0.53	0.51	0.41
Operating Cash Flow to Current Liabilities	0.26	0.3	0.12	0.12	0.13
Days Sales Outstanding (Average Receivables)	7.38	7.97	6.9	5.57	5.11
Days Outstanding Inventory (Average Inventory)	37.99	38.66	40.99	43.95	44.16
Average Days Payable Outstanding	52.22	58.97	28.38	29.75	31.43
Cash Conversion Cycle (Average Days)	-6.85	-12.34	19.51	19.77	17.84
Long Term Solvency
Total Debt/Equity	55.96	23.84	13.25	12.72	19.57
Total Debt / Total Capital	35.88	19.25	11.7	11.28	16.37
LT Debt/Equity	23.7	9.36	5.88	7.22	11.98
Long-Term Debt / Total Capital	15.2	7.56	5.19	6.41	10.02
Total Liabilities / Total Assets	61.95	63.48	66.16	60.51	54.77
EBIT / Interest Expense	3.52	3.13	1.52	2.1	6.9
EBITDA / Interest Expense	6.22	4.39	2.14	2.78	8.95
(EBITDA - Capex) / Interest Expense	4.87	3.09	1.29	1.77	6.64
Total Debt / EBITDA	1.11	0.51	0.28	0.23	0.33
Net Debt / EBITDA	0.65	-0.14	-0.19	-0.08	0.19
Total Debt / (EBITDA - Capex)	1.41	0.72	0.47	0.37	0.44
Net Debt / (EBITDA - Capex)	0.84	-0.2	-0.31	-0.13	0.26
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.98	41.04	36.42	6.8	-2.43
Gross Profit, 1 Yr. Growth %	48.66	37.24	18.71	11.54	2.18
EBITDA, 1 Yr. Growth %	56.35	16.64	9.86	18.79	12.45
EBITA, 1 Yr. Growth %	148.34	49.64	10.66	21.28	15.5
EBIT, 1 Yr. Growth %	148.34	49.64	10.66	21.28	15.5
Earnings From Cont. Operations, 1 Yr. Growth %	919.68	36.67	-38.81	46.02	22.13
Net Income, 1 Yr. Growth %	919.68	36.67	-38.81	46.02	22.13
Normalized Net Income, 1 Yr. Growth %	-3.9K	49.78	-42.85	39.86	84.22
Diluted EPS Before Extra, 1 Yr. Growth %	919.68	36.67	-38.81	46.02	22.13
Accounts Receivable, 1 Yr. Growth %	62.86	45.74	-0.71	-27.52	13.76
Inventory, 1 Yr. Growth %	26.38	58.53	41.85	-8.8	4.26
Net Property, Plant and Equip., 1 Yr. Growth %	-7.94	5.51	17.26	13.38	7.67
Total Assets, 1 Yr. Growth %	16.48	28.04	20.55	-0.51	-9.99
Tangible Book Value, 1 Yr. Growth %	21.14	23.23	11.87	15.84	3.18
Common Equity, 1 Yr. Growth %	20.82	22.88	11.71	16.1	3.09
Cash From Operations, 1 Yr. Growth %	90.44	68.99	-46.26	-14.46	-18.66
Capital Expenditures, 1 Yr. Growth %	-29.05	55.88	48.24	23.92	-19.25
Levered Free Cash Flow, 1 Yr. Growth %	112.86	134.36	-52.26	-62.1	-46.07
Unlevered Free Cash Flow, 1 Yr. Growth %	49.4	119.2	-24.52	-34.97	-58.38
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	25
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	16.22	29	38.71	20.71	2.08
Gross Profit, 2 Yr. CAGR %	34.93	42.84	27.64	18.56	6.76
EBITDA, 2 Yr. CAGR %	61.27	33.46	13.2	22.05	15.58
EBITA, 2 Yr. CAGR %	847.95	88.95	28.68	26.23	18.35
EBIT, 2 Yr. CAGR %	847.95	88.95	28.68	26.23	18.35
Earnings From Cont. Operations, 2 Yr. CAGR %	37.45	273.31	-8.55	-5.47	33.54
Net Income, 2 Yr. CAGR %	37.45	273.31	-8.55	-5.47	33.54
Normalized Net Income, 2 Yr. CAGR %	32.02	633.93	-7.48	9.67	60.52
Diluted EPS Before Extra, 2 Yr. CAGR %	37.45	273.31	-8.55	-5.47	33.54
Accounts Receivable, 2 Yr. CAGR %	19.38	54.06	20.3	-15.17	-9.2
Inventory, 2 Yr. CAGR %	9.05	41.55	49.96	13.74	-2.49
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.83	-1.44	11.23	15.3	10.49
Total Assets, 2 Yr. CAGR %	7.31	22.12	24.24	9.52	-5.37
Tangible Book Value, 2 Yr. CAGR %	11.32	22.18	17.41	13.84	9.33
Common Equity, 2 Yr. CAGR %	10.98	21.84	17.16	13.88	9.4
Cash From Operations, 2 Yr. CAGR %	55.55	79.39	-4.71	-32.2	-16.58
Capital Expenditures, 2 Yr. CAGR %	-0.65	5.17	52.01	35.53	0.03
Levered Free Cash Flow, 2 Yr. CAGR %	22.75	119.4	5.77	-52.5	-54.79
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.45	78.41	28.63	-25.45	-47.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.1	23.97	31.43	27.14	12.44
Gross Profit, 3 Yr. CAGR %	19.77	35.69	34.29	24.48	12.83
EBITDA, 3 Yr. CAGR %	33.79	43.63	25.08	20.22	18.77
EBITA, 3 Yr. CAGR %	165.57	405.52	58.08	33.6	22.55
EBIT, 3 Yr. CAGR %	165.57	405.52	58.08	33.6	22.55
Earnings From Cont. Operations, 3 Yr. CAGR %	204.68	37.19	104.3	6.89	2.95
Net Income, 3 Yr. CAGR %	204.68	37.19	104.3	6.89	2.95
Normalized Net Income, 3 Yr. CAGR %	60.49	35.17	213.4	21.68	30.37
Diluted EPS Before Extra, 3 Yr. CAGR %	204.69	37.19	104.3	6.89	2.95
Accounts Receivable, 3 Yr. CAGR %	48.28	27.59	33.08	1.6	-6.45
Inventory, 3 Yr. CAGR %	11.4	23.54	41.65	27.05	10.49
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.31	-2.89	4.43	11.94	12.7
Total Assets, 3 Yr. CAGR %	6.03	13.82	21.6	15.37	2.58
Tangible Book Value, 3 Yr. CAGR %	3.56	15.16	18.64	16.89	10.17
Common Equity, 3 Yr. CAGR %	3.4	14.81	18.37	16.81	10.17
Cash From Operations, 3 Yr. CAGR %	44.1	59.9	20.03	-8.08	-27.96
Capital Expenditures, 3 Yr. CAGR %	-3.86	15.44	17.91	42	14.05
Levered Free Cash Flow, 3 Yr. CAGR %	48.96	50.48	31.96	-19.14	-50.45
Unlevered Free Cash Flow, 3 Yr. CAGR %	35.65	37.49	33.93	6.8	-38.62
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	3.49	16.22	25.31	22.65	18.79
Gross Profit, 5 Yr. CAGR %	-2.6	16.79	22.85	28.56	23.99
EBITDA, 5 Yr. CAGR %	-3.21	15.6	24.55	34.57	24.44
EBITA, 5 Yr. CAGR %	-5.53	37.81	97.16	190.21	45.72
EBIT, 5 Yr. CAGR %	-5.53	37.81	97.16	190.21	45.72
Earnings From Cont. Operations, 5 Yr. CAGR %	-5.44	45.41	88.27	18.2	72.35
Net Income, 5 Yr. CAGR %	-5.44	45.41	88.27	18.2	72.35
Normalized Net Income, 5 Yr. CAGR %	-9.69	55.01	27.33	24.33	160.23
Diluted EPS Before Extra, 5 Yr. CAGR %	-5.44	45.41	88.27	18.2	72.35
Accounts Receivable, 5 Yr. CAGR %	79.7	61.97	36.38	8.37	14.21
Inventory, 5 Yr. CAGR %	1.8	18.7	25.47	19.52	22
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.22	-3.36	0.99	4.01	6.81
Total Assets, 5 Yr. CAGR %	1.89	9.36	12.97	12.08	9.99
Tangible Book Value, 5 Yr. CAGR %	-9.69	5.58	8.9	14.63	14.83
Common Equity, 5 Yr. CAGR %	-9.65	5.47	8.7	14.44	14.7
Cash From Operations, 5 Yr. CAGR %	-6.38	6.62	22.13	13.45	3.77
Capital Expenditures, 5 Yr. CAGR %	-3.54	8.83	15.47	23.1	10.41
Levered Free Cash Flow, 5 Yr. CAGR %	-11.2	4.65	28.97	-5.12	-10.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.03	6.47	32.05	7.63	-5.94