⚡ Flash Summary

AMTEX Limited’s annual report for the year ended June 30, 2025, has been REVOKED, indicating possible issues with the information initially presented. The company experienced a net loss after tax of Rupees 130.150 million compared to a net profit of Rupees 179.028 million in the previous year. Sales decreased from Rupees 2,793.103 million to Rupees 2,370.790 million. The auditor’s report expresses concern regarding the company’s ability to continue as a going concern due to accumulated losses and liquidity issues.

📌 Key Takeaways

• ❌ Annual Report 2025 is REVOKED, signaling potential data inaccuracies.
• 📉 Sales decreased from PKR 2,793.103 million to PKR 2,370.790 million.
• ⚠️ Net loss of PKR 130.150 million vs. profit of PKR 179.028 million prior year.
• 🚩 Going concern concerns raised by auditors: liquidity, accumulated losses.
• 🏭 Textile exports show recovery signs, but AMTEX declined.
• 💲Gross profit plummeted from PKR 421.932 million to PKR 133.009 million.
• 💼 Operating profit plunged from PKR 366 million to PKR 63 million loss.
• 😭 EPS tanked from PKR 0.69 to negative PKR 0.50.
• 🏦 Short term bank borrowings were at PKR 5,044 million
• 🚫 No dividend declared.
• 📅 Annual General Meeting set for October 28, 2025.
• 🤝 Related party transactions ratified, potential future deals.
• ⚖️ Numerous pending litigations affect financials.

🎯 Investment Thesis

Given the challenging financial performance, auditor concerns, pending litigations, and revocation of annual report and based on the lack of a price target or specific future plans beyond vague hopes of a turnaround, a SELL recommendation for AMTEX Limited is warranted. The company faces a number of issues that cause for concern. It is highly unlikely in such a business climate that AMTEX will be a good investment in the near future.