⚡ Flash Summary

Haleon Pakistan Limited held a corporate briefing session in November 2025 to discuss its performance. The company reported strong financial results for the nine months ended 2025. Revenue grew by 17% compared to the same period last year, reaching PKR 32.2 billion, and profitability also saw significant improvement, with gross profit increasing by 35% to PKR 12.4 billion. These results suggest a positive trajectory for Haleon Pakistan, driven by both organic and inorganic growth strategies.

📌 Key Takeaways

• ⭐ Revenue grew by 17% vs SPLY, reaching PKR 32.2 billion.
• 📈 Gross Profit increased by 35% (PKR 3.2bn) vs SPLY.
• 📊 Gross Profit Margin is 38.4%, a +5.1% increase vs SPLY.
• 💰 Operating expenses (OPEX) were PKR 5.4bn, +21.6% vs SPLY.
• 📣 Selling & Marketing and Administrative expenses increased by 23%.
• 🏦 Profit before tax (PBT) grew by 39.5% (PKR 2.1bn) vs SPLY.
• 🌟 PBT Margin is 23.6%, a +3.8% increase vs SPLY.
• 💸 Earnings per share (EPS) reached PKR 39.18.
• 💵 Cash & Cash equivalents stand at PKR 5.9 billion.
• 🤝 Top 3 brands contribute 80% to total turnover.
• 🌱 The company has expanded its portfolio through organic and inorganic growth.
• 🌿 Haleon is committed to sustainability through renewable energy and carbon emissions reduction projects.

🎯 Investment Thesis

Based on the solid financial performance and positive growth trends, a BUY recommendation is warranted. The company’s strong brand portfolio, commitment to sustainability, and effective growth strategies make it an attractive investment. The price target should be set based on a detailed valuation analysis, considering the company’s growth potential and risk factors.