⚡ Flash Summary

Blue-Ex Limited reported its financial results for the year ended June 30, 2025. The company’s unconsolidated profit for the year increased to PKR 89.89 million from PKR 75.74 million in the prior year, resulting in an increased EPS of PKR 3.28 compared to PKR 2.76. However, revenue experienced a slight decline to PKR 1,142.89 million from PKR 1,166.03 million. The Board of Directors did not recommend any cash dividend, bonus shares, or right shares.

📌 Key Takeaways

• 📦 Revenue slightly decreased by approximately 2% from PKR 1,166.03 million in 2024 to PKR 1,142.89 million in 2025.
• 📈 Gross profit increased by 18.5% from PKR 257.16 million to PKR 304.76 million.
• 📊 Operating profit increased by 36.1% from PKR 91.24 million to PKR 124.16 million.
• 💰 Other income decreased significantly by 66.1% from PKR 22.95 million to PKR 7.78 million.
• 💸 Finance costs increased slightly by 3.4% from PKR 13.03 million to PKR 13.47 million.
• ✅ Profit before levies and income tax increased by 16.2% from PKR 101.16 million to PKR 117.50 million.
• 🏦 Profit for the year increased by 18.7% from PKR 75.74 million to PKR 89.89 million.
• ⭐ Earnings per share increased by 18.8% from PKR 2.76 to PKR 3.28.
• 💼 Total assets increased by 8.3% from PKR 1,245.45 million to PKR 1,348.91 million.
• 💵 Cash and bank balances decreased significantly by 59.8% from PKR 87.49 million to PKR 34.98 million in unconsolidated statement.
• ❌ No cash dividend, bonus shares, or right shares were recommended by the Board.
• 🚚 Consolidated Revenue also decreased from 1,365.31 million to 1,364.12 million PKR

🎯 Investment Thesis

Based on the current financial results, a HOLD recommendation is appropriate for Blue-Ex Limited. While the company has shown improvements in profitability, the declining revenue and significant decrease in cash and bank balances raise concerns. A price target cannot be provided without further detailed valuation analysis. Monitoring the company’s revenue trends and cash management strategies is crucial. Time horizon: Medium Term (6-12 months).