⚡ Flash Summary

Ghani ChemWorld Limited (GCWL) reported its unaudited condensed interim financial statements for the first quarter ended September 30, 2025. The company had no sales or trading activity during the period but recognized a significant share of profit from its associated company, Ghani Chemical Industries Limited (GCIL). As a result, GCWL reported a profit after tax of PKR 63.919 million and earnings per share (EPS) of PKR 0.256. The company is focusing on commissioning its Calcium Carbide project at Hattar Special Economic Zone, with commercial operations expected soon.

📌 Key Takeaways

• ✅ Ghani ChemWorld Limited (GCWL) reported its Q1 2025 financial results.
• 🏭 The company’s Calcium Carbide project commissioning is actively in progress.
• 🗓️ Commercial operations are expected to begin within the next few weeks.
• 📊 No sales or trading activity was reported during the quarter.
• 🤝 Significant profit contribution from its associated company, Ghani Chemical Industries Limited (GCIL).
• 💰 Profit after taxation stood at PKR 63.919 million.
• ⭐ Earnings per share (EPS) reached PKR 0.256.
• 🏢 Administrative and general expenses totaled PKR 1.03 million.
• 🤝 Share of profit from associated company was PKR 64.847 million.
• 🚫 No taxation was incurred during the quarter.
• 📍 The Calcium Carbide project is located at Hattar Special Economic Zone.
• 🛠️ Project is supervised by Chinese and European experts.
• 🚀 The project aims to meet domestic and export market demands for Calcium Carbide.
• 📜 The financial statements were authorized for issue on October 29, 2025.

🎯 Investment Thesis

HOLD. Currently the company is solely reliant on its share of profit from its associated company. The successful launch of the Calcium Carbide project will change this assessment. The successful commissioning and scaling up of this project would be a trigger to change this to a BUY assessment. Until this takes place the recommendation is to HOLD.