⚡ Flash Summary

Blue-EX Limited’s unaudited consolidated financial results for the quarter ended September 30, 2025, reveal mixed performance. Revenue increased year-over-year, but profitability metrics show a slight decline. Earnings per share (EPS) increased from 0.56 to 0.64. The company’s cash flow from operations has substantially increased. It is important to note that the long-term debt and lease liabilities have decreased compared to last quarter.

📌 Key Takeaways

• ⬆️ Revenue increased to PKR 336.83 million, up from PKR 290.41 million in the same quarter last year.
• ⬆️ Courier and allied services revenue reached PKR 249.47 million (2024: PKR 187.80 million)
• ⬇️ International freight revenue decreased to PKR 70.84 million (2024: PKR 81.09 million).
• ⬆️ Commission income decreased to PKR 16.51 million (2024: PKR 21.52 million).
• ⬆️ Cost of sales increased to PKR 206.14 million (2024: PKR 166.76 million).
• ⬆️ Gross profit increased to PKR 130.69 million (2024: PKR 123.66 million).
• ⬇️ General and administrative expenses increased to PKR 95.62 million (2024: PKR 89.42 million).
• ⬇️ Marketing and selling expenses decreased to PKR 4.03 million (2024: PKR 6.04 million).
• ⬆️ Operating profit increased to PKR 29.33 million (2024: PKR 28.19 million).
• ⬇️ Finance costs increased to PKR 10.34 million (2024: PKR 10.92 million).
• ⬆️ Profit before tax increased to PKR 18.50 million (2024: PKR 19.61 million).
• ⬆️ Taxation decreased to PKR 1.04 million (2024: PKR 4.37 million).
• ⬆️ Profit after tax increased to PKR 17.46 million (2024: PKR 15.25 million).
• ⬆️ Basic and diluted earnings per share (EPS) increased to PKR 0.64 (2024: PKR 0.56).

🎯 Investment Thesis

HOLD. Blue-EX Limited shows moderate growth in revenue and earnings. While EPS has improved, some operational expenses increased. Given the current performance, holding the stock seems appropriate. A more concrete BUY or SELL recommendation will depend on further operational improvements.