⚡ Flash Summary

First Dawood Properties Limited (FDPL) reported a pre-tax profit of PKR 3.97 million for the quarter ended September 30, 2025, compared to PKR 1.93 million in the same period last year. The increase in profit is attributed to significant efforts in cash recovery. The company’s total equity has increased to PKR 672.027 million. Earnings per share (EPS) for the quarter is PKR 0.026.

📌 Key Takeaways

• 📈 Pre-tax profit increased to PKR 3.97 million from PKR 1.93 million year-over-year.
• 💰 Total equity rose to PKR 672.027 million.
• ✔️ Earnings per share (EPS) stood at PKR 0.026.
• 🏦 Significant efforts in cash recovery contributed to improved profitability.
• 🏢 The company is focusing on innovative operations in real estate, trading, and services.
• 📜 Value of assets under trusteeship remains steady at PKR 9.04 billion.
• 🧾 Condensed interim financial information prepared according to IAS-34 and SECP regulations.
• ✅ Accounting policies are consistent with the previous year.
• 🔒 Financial risk management objectives align with the year-end report.
• 🤝 The company expresses gratitude to shareholders, the State Bank of Pakistan, and the SECP.
• ❤️ Appreciation for the hard work and dedication of employees.
• 🙏 Prayers for the health and safety of humanity against the ongoing pandemic.

🎯 Investment Thesis

Given the limited financial details, ongoing litigations, and steady growth, a HOLD recommendation is appropriate. A more assertive stance would require more information on FDPL’s assets and earnings.