⚡ Flash Summary

Burj Clean Energy Modaraba (BCEM) announced a net profit of PKR 43.03 million for the period ended June 30, 2025. The Board of Directors approved a cash dividend of 3.9% (PKR 0.39 per certificate of PKR 10 each) for the same period. The First Annual Review Meeting (ARM) for certificate holders is scheduled for October 28, 2025, and will allow for both in-person and electronic participation. The announcement details procedures for attending the ARM, including physical presence and video conferencing registration.

📌 Key Takeaways

• ✅ BCEM reports a net profit of PKR 43.03 million for the period ending June 30, 2025.
• 💰 A cash dividend of 3.9% (PKR 0.39 per certificate) has been approved.
• 🗓️ The Annual Review Meeting (ARM) is set for October 28, 2025.
• 🏢 The ARM will be held at Ramada Karachi Creek and accessible via video link.
• 🔒 Certificate transfer books will be closed from October 21 to October 28, 2025.
• 📝 Physical attendees must show their original CNIC or passport for identification.
• 🧑‍⚖️ Proxies must submit proxy forms at least 48 hours before the meeting.
• 🖥️ Video conference attendees must register by sending details to investor.relations@burjmodaraba.com.
• 🌐 The webinar link will only be provided to registered Certificate holders.
• 📄 The Annual Report of BCEM for 2025 is available on the Modaraba’s website.
• 🏦 Dividends will be paid electronically to Certificate holders’ bank accounts.
• ⚠️ CNIC/SNIC details must be provided to avoid dividend withholding.
• 📑 A dividend mandate and CNIC must be submitted to the broker/CDC.
• 💸 Dividend income is subject to withholding tax (15% for filers, 30% for non-filers).
• 📧 Annual Financial Statements can be received via email by filling a consent form.

🎯 Investment Thesis

Based on the available information, a HOLD recommendation is appropriate. The positive net profit and dividend announcement are encouraging, but a lack of historical data and detailed financial information limits the ability to make a confident BUY or SELL decision. Further research is needed to assess BCEM’s long-term growth potential, competitive positioning, and risk profile before making a more definitive investment recommendation.