⚡ Flash Summary

Salman Noman Enterprises Ltd. reported financial results for the year ended June 30, 2025. The company experienced a net loss of PKR 23.639 million, a slight improvement compared to the PKR 24.996 million loss in the previous year. Loss per share improved to PKR (5.29) from PKR (5.60). The Board of Directors did not recommend any dividend for the year.

📌 Key Takeaways

• ⚠️ Salman Noman Enterprises reported a net loss of PKR 23.639 million for the year ended June 30, 2025.
• 📉 Loss per share (basic and diluted) improved slightly to PKR (5.29) from PKR (5.60) in the prior year.
• 🛑 No dividend was recommended by the Board of Directors for the year.
• 🏢 The Annual General Meeting is scheduled for October 28, 2025.
• 🗓️ Share transfer books will be closed from October 21 to October 28, 2025.
• 🏭 Depreciation on property, plant, and equipment decreased from PKR 24.631 million to PKR 23.369 million.
• 💼 Administrative expenses decreased from PKR 365,000 to PKR 270,225.
• 🏦 Long-term finances from financial institutions decreased slightly from PKR 64.370 million to PKR 57.770 million.
• 🤝 Long-term finances from related parties increased from PKR 189.167 million to PKR 195.167 million.
• 📊 Accumulated loss increased from PKR (768.388) million to PKR (783.612) million.
• 🌱 Surplus on revaluation of property, plant and equipment decreased from PKR 264.794 million to PKR 256.378 million.
• 💰 Cash and bank balances remain unchanged at PKR 252,511.
• 💸 Net cash used in operating activities decreased from PKR (165,000) to PKR (270,225).

🎯 Investment Thesis

HOLD. Given the continuous losses, lack of dividend and weak financial position, a HOLD recommendation is appropriate. A more definitive stance cannot be determined without significantly more financial information.