⏸️ IDYM: HOLD Signal (6/10) – CORPORATE BRIEFING PRESENTATION JUNE 30, 2025

📌 Key Takeaways

• 📉 Revenue decreased from PKR 67,707.784 million in 2024 to PKR 66,236.197 million in 2025.
• 📉 Gross profit declined from PKR 4,076.832 million to PKR 3,610.843 million.
• 📈 Profit after tax saw a substantial increase from PKR 72.995 million to PKR 475.330 million.
• 🚀 Earnings per share (EPS) increased significantly from PKR 1.35 to PKR 8.77.
• 📊 Gross Profit Ratio decreased from 6.02% to 5.45%.
• ⚖️ Debt to Equity Ratio increased from 63:37 to 77:23.
• 💧 Current Ratio decreased from 1.73 to 1.50.
• 💰 Long-term financing decreased from PKR 5,524.710 million to PKR 4,560.262 million.
• 🧾 Current Liabilities increased from PKR 13,915.928 million to PKR 19,701.137 million.
• 🏭 Production (Tons) slightly increased from 62,644 to 62,740.
• ⭐ VIS Credit Rating Agency reaffirmed the entity rating at A+ (Long Term) and A-1 (Short Term) on October 25, 2024.
• ✅ Pakistan’s improved credit rating is expected to enable stable interest and fuel costs.
• ⛽ Escalating gas prices for captive power plants may adversely impact overall power cost.

🎯 Investment Thesis

HOLD. The significant increase in EPS is a positive sign, but the revenue decline and increased debt levels raise concerns. A hold recommendation is appropriate until there is more clarity on the company’s ability to sustain profitability and manage its debt. The current rating is A+ and A-1.