Century Paper & Board Mills Limited
By PSX Investors Zone · Updated October 21, 2026
Century Paper & Board Mills Limited (CEPB) is a Pakistan Stock Exchange-listed manufacturer and marketer of paper, board and related products. For FY2026, the company reported sales of approximately Rs.38.70 billion and a loss after tax of Rs.58.29 million, compared with a loss of Rs.345.42 million in FY2025. CEPB was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening dated May 29, 2026. However, PSX displays a Risk Warning Alert concerning continuous regulatory violations and possible suspension or delisting. Investors should review the latest financial statements, regulatory disclosures and Shariah screening before making investment decisions.
Company Overview
Century Paper & Board Mills Limited (CEPB) is a Pakistani manufacturer and marketer of paper, board and related products. The company serves customers requiring paper-based materials for packaging and other commercial and industrial applications.
The company was incorporated in Pakistan as a public limited company on August 2, 1984. Its registered office is located at Lakson Square, Building No. 2, Sarwar Shaheed Road, Karachi.
Paper and board manufacturers can be affected by demand from packaging and consumer-goods industries, imported raw-material prices, energy costs, currency movements and financing expenses.
Official sources:
- PSX company profile — CEPB
- Century Paper & Board Mills official website
- FY2026 annual report and company announcements
Latest Annual Financial Performance
According to the financial information displayed by PSX, for the financial years ended June 30:
| Financial metric | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs.38.699 billion | Rs.37.281 billion |
| Profit / (loss) after tax | (Rs.58.293 million) | (Rs.345.422 million) |
| Earnings / (loss) per share | (Rs.0.15) | (Rs.0.86) |
| Gross profit margin | 6.60% | 7.14% |
| Net profit margin | -0.15% | -0.93% |
Source: PSX financial information for CEPB
Sales increased modestly in FY2026, and the reported loss narrowed substantially compared with FY2025. Nevertheless, the company remained loss-making, and its gross profit margin declined.
Investors should examine the audited annual report for operating costs, finance expenses, cash flow, borrowings, working-capital requirements and management's outlook before drawing conclusions about the sustainability of this improvement.
Quarterly Financial Performance
PSX's financial summary also reports the following figures for the quarter ended March 31, 2026:
| Financial metric | Q3 FY2026 | Q3 FY2025 |
|---|---|---|
| Sales | Rs.10.284 billion | Rs.9.178 billion |
| Profit / (loss) after tax | (Rs.64.345 million) | (Rs.130.822 million) |
| Earnings / (loss) per share | (Rs.0.16) | (Rs.0.33) |
Source: PSX company profile and quarterly results
The year-on-year comparison shows higher quarterly sales and a smaller reported loss. These are quarterly figures, not full-year results. Review the original quarterly financial statements for detailed explanations of the changes.
Shariah Compliance Status
Century Paper & Board Mills Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening notice dated May 29, 2026, based on financial information as of December 31, 2025.
| Screening measure | Reported ratio |
|---|---|
| Debt to total assets | 18.28% |
| Non-compliant investments to total assets | 2.70% |
| Non-compliant income to revenue | 0.33% |
| Illiquid assets to total assets | 70.37% |
Source: Official PSX Shariah screening notice
These ratios relate to the stated screening period. They should not be presented as current financial ratios without a newer review. Shariah status can change when updated financial information is assessed, so investors should confirm the latest official PSX eligible-scrip list before investing.
Important PSX Risk Warning
PSX currently displays a Risk Warning Alert for CEPB. The notice states that the company is in continuous violation of clauses 5.11.1 or 5.11.2 of PSX regulations and carries a risk of suspension of trading or delisting, subject to the Exchange's applicable terms and conditions.
This warning is separate from the company's Shariah screening classification. Shariah-compliant status does not remove exchange-related regulatory risks.
Investors should read the current notice on the official PSX company page and review subsequent regulatory disclosures before making an investment decision.
Key Factors Investors Should Monitor
- Profitability: The company remained loss-making in FY2026 despite reporting higher sales.
- Gross margins: Monitor paper and board selling prices relative to raw-material and production costs.
- Energy expenses: Electricity and other operating inputs can affect manufacturing margins.
- Finance costs: Review borrowing levels, financing expenses and debt-servicing capacity.
- Packaging demand: Industrial activity and demand for paper-based packaging can influence sales.
- Regulatory risk: Track the status of the PSX Risk Warning Alert and any official compliance announcements.
- Shariah screening: Confirm the latest official screening before relying on CEPB's eligibility for Shariah-based investing.
Frequently Asked Questions
What is the PSX symbol of Century Paper & Board Mills Limited?
Its ordinary shares trade under the symbol CEPB on the Pakistan Stock Exchange.
What does Century Paper & Board Mills Limited do?
The company manufactures and markets paper, board and related products.
Is Century Paper & Board Mills Limited Shariah-compliant?
It was classified as compliant in the PSX-KMI All Share Islamic Index screening dated May 29, 2026, based on accounts as of December 31, 2025. Investors should verify the latest official screening before investing.
Did CEPB make a profit in FY2026?
No. PSX reports a loss after tax of approximately Rs.58.29 million for FY2026, although the loss was smaller than the approximately Rs.345.42 million loss in FY2025.
Does CEPB have a PSX Risk Warning Alert?
Yes. PSX displays a warning relating to continuous regulatory violations and the risk of suspension or delisting. Investors should consult the current PSX notice for the applicable details.
What should investors review before considering CEPB?
Investors should assess financial results, profit margins, debt, cash flow, regulatory disclosures, trading liquidity and the latest Shariah screening.
Disclaimer
This profile is provided for educational and informational purposes only. It is not a recommendation to buy or sell CEPB shares and does not guarantee returns. Financial results, share prices, regulatory status and Shariah classifications may change. Always consult the latest official PSX disclosures and company reports before making an investment decision.
This profile is for educational purposes and is not a recommendation to buy or sell any security.