⚡ Flash Summary

Arif Habib Limited (AHL) reported strong performance in FY25, driven by increased brokerage revenue and investment banking activities. Brokerage revenue increased to PKR 993 million, significantly up from PKR 619 million in FY24. The Investment Banking division achieved PKR 267 million in revenue. The company proposed a final cash dividend of Rs. 10 per share, totaling Rs. 653.4 million, compared to Rs. 5 per share in the previous year.

📌 Key Takeaways

• 📈 Brokerage revenue surged to PKR 993 million in FY25, compared to PKR 619 million in FY24.
• 💰 Investment Banking division achieved PKR 267 million in revenue in FY25.
• 📊 Total number of accounts increased to 33,777 as of today.
• 🌐 Roshan Digital Accounts contributed significantly, with AHL accounting for 4,213 accounts out of a total of 14,090.
• 🏆 AHL received numerous awards, including Best Brokerage House and Best Investment Bank.
• 💹 PSX Value Traded increased by 80.79% to PKR 28,154 million.
• ⭐ Earnings Per Share (EPS) increased to PKR 14.99, up from PKR 9.37 in the previous year.
• ✨ The company announced a final cash dividend of Rs. 10 per share, a 100% increase from Rs. 5 per share in FY24.
• 💼 Total Equity increased to PKR 1.926 billion, a 51% increase from PKR 1.273 billion in FY24.
• 🤝 Operating revenue grew by 37.27% to PKR 1,537 million.
• 💸 Investment Gains surged by 211.65% to PKR 1,105 million.
• 📉 Finance cost decreased by 12.67% due to effective fund management.
• 💼 Operating profit increased by 76.59% to PKR 1,351 million.
• 🌱 Net turnover increased by 60.47% to PKR 3,018 million.

🎯 Investment Thesis

AHL is a BUY. The company’s strong financial performance, driven by increased brokerage revenue and investment gains, makes it an attractive investment. The increased dividend payout reflects management’s confidence in future earnings. The current market conditions and AHL’s strategic positioning support a positive outlook.