⚡ Flash Summary

Siddiqsons Tin Plate Limited (STPL) reported a net loss of PKR 255.12 million for the year ended June 30, 2025, a significant improvement compared to the PKR 2.058 billion loss in the previous year. Revenue decreased substantially from PKR 4.076 billion to PKR 2.023 billion. The company did not declare any cash dividend, bonus shares, or right shares for the year. The Annual General Meeting is scheduled for November 27, 2025.

📌 Key Takeaways

• ❌ STPL reported a net loss of PKR 255.12 million for the year ended June 30, 2025.
• 📉 This is an improvement compared to the PKR 2.058 billion loss in the previous year.
• 📉 Revenue decreased significantly from PKR 4.076 billion in 2024 to PKR 2.023 billion in 2025.
• ➗ Gross profit declined drastically to PKR 221.78 million from a gross loss of PKR 55.47 million.
• 🚫 No cash dividend was declared for the year ended June 30, 2025.
• 🚫 No bonus shares were announced.
• 🚫 No right shares were issued.
• 🗓️ The Annual General Meeting will be held on November 27, 2025.
• 🔒 Share transfer books will be closed from November 20, 2025, to November 27, 2025.
• 💸 Finance costs decreased from PKR 596.19 million to PKR 382.99 million.
• ⚠️ Accumulated losses stand at PKR 1.687 billion as of June 30, 2025.
• 📉 Loss per share improved from (PKR 8.98) to (PKR 1.11).

🎯 Investment Thesis

HOLD. While the reduced loss compared to the previous year is a positive development, the significant decline in revenue is concerning. The company needs to demonstrate a clear path to revenue growth and profitability before a more positive recommendation can be considered. The company should focus on restructuring its operations and improving its cashflows before a BUY rating can be considered. Without more in depth information on the company’s future plans, a HOLD rating seems most appropriate.