⚡ Flash Summary

First Imrooz Modaraba’s corporate briefing session for the financial year ended June 30, 2025, will be held online on November 25, 2025. The Modaraba reported a slight decrease in turnover from Rs. 1,260.14 million in 2024 to Rs. 1,247.44 million in 2025. However, gross profit increased from Rs. 268.06 million to Rs. 289.92 million during the same period. Net profit also increased to Rs. 95.45 million, attributed to a favorable court judgment and exchange rates.

📌 Key Takeaways

• 🗓️ Corporate Briefing Session scheduled for November 25, 2025.
• 💻 Session will be held online via Zoom.
• 🌐 Zoom Meeting ID: 891 9410 5966, Passcode: 12345.
• 📧 Contact Person’s email: sheheryar.ali@imrooz.com.
• 📉 Turnover slightly decreased from Rs. 1,260.14 million in 2024 to Rs. 1,247.44 million in 2025.
• 📈 Gross Profit increased from Rs. 268.06 million in 2024 to Rs. 289.92 million in 2025.
• 📊 Gross Profit rate improved from 21.3% to 23.2%.
• 💰 Net profit stood at Rs. 95.45 million due to favorable factors.
• ⚖️ Favorable judgment by the Sindh High Court positively impacted profits.
• 💹 Favorable exchange rates contributed to increased profits.
• 🌱 Management has a positive outlook due to stable exchange rates and sales momentum.
• 🏭 FIM trades in industrial raw materials, not financial services.
• 🏆 FIM has been selected as one of the Top 25 Companies on the Pakistan Stock Exchange.
• 🏢 FIM has offices in Karachi and Lahore.

🎯 Investment Thesis

HOLD. The increase in profitability due to a one-time favorable event is a positive, but the slight decrease in revenue raises concerns about the sustainability of growth. While improved profitability metrics support a positive outlook, external risks and stagnant revenue growth suggest a neutral investment stance until further sustainable growth is demonstrated.