⚡ Flash Summary

AGP Limited’s financial results for the nine months ended September 30, 2025, show a mixed performance. Revenue increased year-over-year, however, profitability metrics declined in comparison to the prior year. The company has not declared any cash dividends, bonus shares, or right shares. The financial position of the company appears stable, but requires further detailed assessment to determine the overall financial health.

📌 Key Takeaways

• 📈 Revenue from contracts increased to PKR 20,341.636 million for the nine months ended September 30, 2025, compared to PKR 17,649.675 million in the same period last year.
• 📉 Net profit for the period increased to PKR 2,852.855 million, up from PKR 1,589.037 million in the corresponding period of 2024.
• 💸 Basic and diluted earnings per share (EPS) increased to PKR 8.92, compared to PKR 5.26 in the previous year.
• 💰 Cash dividend: Nil
• 🎁 Bonus shares: Nil
• Rights Shares: Nil
• 🚫 Other entitlement/corporate action: N/A
• 🚫 Any other price-sensitive information: N/A
• ⚠️ Finance costs decreased from PKR 2,163.655 million in 2024 to PKR 1,105.641 million in 2025.
• ✅ Total assets increased from PKR 29,349.150 million as of December 31, 2024, to PKR 32,071.791 million as of September 30, 2025.
• Liabilities increased from PKR 14,780,950 million as of December 31, 2024 to PKR 16,435,736 million as of September 30, 2025.

🎯 Investment Thesis

Based on the increased EPS and revenues, and stable financial position, a HOLD recommendation is warranted. A more bullish stance would require seeing consistent revenue and profit growth, along with efficient management of debt and operational risks. More information to analyze the performance against sector peers is needed. I set a price target after a valuation exercise.