⚡ Flash Summary
First Tri-Star Modaraba’s corporate briefing session for 2025 reveals a mixed financial performance. The company’s authorized and paid-up capital stand at PKR 400 million and PKR 212 million respectively, with equity of Modaraba at Rs. 411 million as of June 30, 2024. Net loss increased significantly in 2025, reaching (13,613,277) compared to a profit of 506,883 in 2024. This resulted in a negative earnings per share of (0.710) in 2025. The presentation highlights the vision for future growth through its educational institution and international collaborations.
📌 Key Takeaways
- 🏢 First Tri-Star Modaraba was formed in 1980 and is managed by A.R.T. Modaraba Management (Private) Limited.
- 🇵🇰 The company is listed on the Pakistan Stock Exchange Limited.
- Authorized capital is PKR 400 million, and paid-up capital is PKR 212 million.
- 💰 Equity of Modaraba is Rs. 411 million as of June 30, 2024.
- 📉 Net loss for the year 2025 is (13,613,277) compared to a profit of 506,883 in 2024.
- 📉 Accumulated Profit/(Loss) decreased from 96,110,458 in 2024 to 38,754,359 in 2025.
- 📉 Operating Profit/Loss Ratio decreased from 0.02 in 2024 to (0.38) in 2025.
- 📉 Net Profit/Loss Ratio decreased from 0.05:1 in 2024 to (0.42):1 in 2025.
- 📊 Earning/(Loss) Per Share decreased from 0.080 in 2024 to (0.710) in 2025.
- 📊 Breakup value per Share decreased from 19.41 in 2024 to 16.70 in 2025.
- 💵 Reserves decreased from 199,102,738 in 2024 to 141,746,639 in 2025.
- 🤝 The company is running an educational institution (Imperial Tutorial College) and collaborating with Nişantaşı University, Turkey.
🎯 Investment Thesis
Based on the current financial performance and associated risks, a HOLD recommendation is appropriate for First Tri-Star Modaraba. The significant net loss, declining profitability ratios, and reduced shareholder value indicators raise concerns about the company’s short-term prospects. While the company’s educational initiatives and international collaborations present potential growth opportunities, the current financial instability outweighs these positives. A price target cannot be reliably established due to the volatility and negative earnings. The time horizon for this recommendation is medium-term, pending significant improvements in financial performance and profitability.
Disclaimer: AI-generated analysis. Not financial advice.