⚡ Flash Summary

Waves Corporation Limited’s presentation from November 4, 2025, highlights the company’s corporate structure, investments in subsidiaries, strategically located land, and financial performance. The company operates through its subsidiaries, including Waves Home Appliances Limited (50% ownership) and Waves Marketplace Limited (100% ownership), showcasing diversified operations. Financial performance for 9M 2025 shows Gross Sales of PKR 4,894 million and a Profit for the period of PKR 648 million. The presentation also emphasizes the company’s strategically located prime land in Lahore, connected to major city areas.

📌 Key Takeaways

• 1. 🏢 Waves Corporation operates with the brand name ‘WAVES – نام ہی کافی ہے’.
• 2. 🗓️ The Corporate Briefing Session was held on November 4, 2025.
• 3. 📊 Gross Sales for 9M 2025 reached PKR 4,894 million.
• 4. 💰 Sales – net for 9M 2025 were PKR 3,544 million.
• 5. 📈 Gross Profit for 9M 2025 amounted to PKR 1,055 million.
• 6. 💸 Profit from operations for 9M 2025 was PKR 1,152 million.
• 7. 🧾 Profit before levies and income tax for 9M 2025 was PKR 720 million.
• 8. ⭐ Profit for the period for 9M 2025 stood at PKR 648 million.
• 9. ✏️ Earnings per share for 9M 2025 were PKR 2.30.
• 10. 🏘️ Waves owns prime land in Lahore, strategically connected to major areas.
• 11. 🛒 Waves Marketplace Limited manages 100+ ‘Waves Plus’ retail outlets.
• 12. 🤝 Waves Home Appliances Limited has a legacy of 50 years.
• 13. 💯 Waves owns 100% of retail business (Waves Market Place Limited).
• 14. 🏘️ Waves owns 100% of Real Estate Development (Waves Builders & Developers Private Limited).

🎯 Investment Thesis

Given the mixed financial performance with some positive trends in profitability but an overall decrease in revenues compared to the previous fiscal year, a HOLD recommendation is appropriate. While the company shows potential, more comprehensive financial analysis and market data are needed before considering a BUY rating. A price target cannot be accurately determined without further information.