⚡ Flash Summary

Media Times Limited (MTL) will hold its 25th Annual General Meeting on October 28, 2025. The meeting will address confirming minutes from a prior meeting, adopting audited financial statements for the year ending June 30, 2025, and appointing auditors for the year ending June 30, 2026. Shareholders can access the annual report online and participate virtually. Key decisions regarding the company’s financial health and governance will be made during this meeting.

📌 Key Takeaways

• 🗓️ MTL’s 25th AGM scheduled for October 28, 2025.
• ✅ Minutes of the Extra Ordinary General Meeting on September 24, 2025, to be confirmed.
• 💰 Audited financial statements for the year ended June 30, 2025, will be reviewed and adopted.
• 🧑‍⚖️ Auditors will be appointed for the year ending June 30, 2026, and their remuneration fixed.
• 🌐 Annual report available online at www.pacepakistan.com.
• 💻 Shareholders can participate in the meeting via video-link, Webex, or Zoom.
• ⏳ Registration for virtual participation required 48 hours before the meeting.
• 🗳️ Proxy voting is allowed; proxies must be received 48 hours prior.
• 📑 Proxy forms require specific documentation including CNIC and participant ID.
• 🚫 Member Register will be closed from October 21-28, 2025.
• ✉️ Shareholders can send comments/suggestions via email or WhatsApp.
• 📉 Operating loss of PKR (342.837) million in 2025 compared to PKR (737.325) million in 2024.
• 📉 Net loss of PKR (621.118) million in 2025 compared to PKR 600.305 million in 2024.
• ⬆️ Share Capital & Reserves increased to PKR 8,391.93 million in 2025 from PKR 6,227.014 million in 2024.

🎯 Investment Thesis

Given the ongoing losses and uncertain path to profitability, a HOLD rating is recommended for MTL. A BUY recommendation would require a clear demonstration of sustainable profitability and positive cash flow. A SELL recommendation would be warranted if the losses continue to mount without a credible turnaround strategy. Monitor for improvements in operational efficiency and progress toward profitability before considering a change in investment stance. A price target cannot be provided until the company shows a clear path to profitability and positive cash flow.