⚡ Flash Summary

Ghani Global Glass Limited (GGGL) reported its financial results for the year ended June 30, 2025. The company’s net profit significantly increased to PKR 300.63 million, a substantial rise from PKR 144.82 million in the previous year. Earnings per share (EPS) also improved, reaching PKR 1.25 compared to PKR 0.60 in 2024. Despite the improved profitability, the board did not recommend any cash dividend, bonus shares, or right shares for the year.

📌 Key Takeaways

• ✅ Net sales increased to PKR 2,931.92 million, up by 20.17% from PKR 2,439.73 million in 2024.
• 📈 Gross profit rose to PKR 755.46 million, a 37.38% increase from PKR 549.90 million in the prior year.
• 💰 Operating profit grew to PKR 642.88 million, a 50.51% jump from PKR 427.12 million in 2024.
• ⭐ Profit before levy and taxation reached PKR 350.09 million, nearly double the PKR 175.26 million reported in the previous year.
• 💸 Net profit for the year surged to PKR 300.63 million, a 107.6% increase from PKR 144.82 million in 2024.
• ✔️ Earnings per share (EPS) improved significantly to PKR 1.25 from PKR 0.60 in the previous year.
• ❌ No cash dividend was recommended by the Board of Directors.
• 🏦 Total assets increased to PKR 6,206.16 million from PKR 5,218.95 million in 2024.
• 📊 Total equity stood at PKR 2,860.18 million, up from PKR 2,568.46 million in the prior year.
• ⚠️ Cost of revenue increased to PKR 2,176.46 million from PKR 1,889.83 million in 2024.
• 📉 Finance costs decreased from PKR 406.71 million to PKR 346.37 million.
• 👍 Cash and cash equivalents increased to PKR 170.22 million, up from PKR 93.26 million.
• 📜 The Annual General Meeting will be held on October 28, 2025.

🎯 Investment Thesis

HOLD. Ghani Global Glass Limited presents a mixed outlook. While the company demonstrates impressive growth in revenue, profits, and EPS, the absence of dividend payouts and high ‘Payable to related parties’ raise concerns. A ‘HOLD’ recommendation is appropriate until there is more clarity on related party transactions, future dividend policy, and sustainability of current growth trends. Price target revision will be considered after the next quarterly results.