⚡ Flash Summary

HUM Network Limited (HUMNL) reported revenues of Rs. 8.01 billion for the financial year 2025, a slight decrease compared to Rs. 8.31 billion in the previous year. Despite facing challenges such as higher costs, cautious advertiser spending, and intense competition, the company remained profitable, posting Rs. 2.10 billion in profits. The resilience of the diversified portfolio and continued trust of viewers and partners contributed to this performance. HNL’s digital presence, particularly through HUM TV’s YouTube operations, continued to grow into a major revenue stream and brand amplifier.

📌 Key Takeaways

• 📊 HUMNL’s revenue decreased slightly to Rs. 8.01 billion in 2025 from Rs. 8.31 billion in 2024.
• 💰 The company still reported a solid profit of Rs. 2.10 billion despite challenges.
• 📺 Digital platforms, especially HUM TV’s YouTube channel, are becoming major revenue sources.
• 🤖 HUMNL is integrating AI tools into content creation, reporting and programming workflows.
• 🌐 The company is expanding into digital, technology-driven, and allied sectors for diversification.
• 🏫 HUMNL is committed to social responsibility, focusing on education and community upliftment through school restoration.
• 🤝 The Board of Directors has members with expertise in entertainment, finance, and regulatory compliance.
• 📅 The Annual General Meeting will be held on October 27, 2025.
• 🏦 The company is working to pay dividends electronically into member bank accounts.
• ⚠️ Shareholders having physical shares are encouraged to convert to book-entry form.
• 📜 Auditors confirmed compliance with International Federation of Accountants (IFAC) guidelines.
• ⚖️ M/s EY Ford Rhodes will be external auditors for the year ending June 30, 2026.
• 🌍 The term of Board expired on August 22, 2020, awaiting court directive to reschedule the election.
• 🌍 Pakistan’s economy is showing clearer signs of recovery and renewed stabilization but risks to debt obligations remain.
• 📈 The Center of Excellence in Gaming and Animation (CEGA) to be launched in Karachi and Lahore.

🎯 Investment Thesis

Given the evolving media landscape, current financial performance, and diversification efforts, a HOLD recommendation is appropriate. The digital integration is promising, the stock is currently fairly valued. The price target should be based on a sector P/E ratio and a growth rate assumption of 3-5% over the next year to account for stable business.