📈 FCSC: BUY Signal (7/10) – Financial Results for the Year Ended 2025-06-30

📌 Key Takeaways

• ✅ Revenue surged to PKR 1,521,770,924 from PKR 294,813,983 year-over-year.
• 💰 No bonus shares, cash dividend, or right issue declared for the year.
• 📈 Profit after taxation reached PKR 1,187,896,577 compared to a loss of PKR 159,305,800 last year.
• 🏢 Operating profit jumped to PKR 1,507,055,783 from PKR 264,172,837 in the previous year.
• ⚠️ Operating and administrative expenses increased to PKR 14,715,141 from PKR 30,641,146.
• 💸 Finance costs decreased substantially to PKR 319,375,307 from PKR 440,424,199.
• 🧾 Earnings per share (EPS) turned positive at PKR 3.75 compared to a loss of PKR 0.50 last year.
• 📊 Total assets increased to PKR 6,821,532,637 from PKR 5,159,022,075.
• liabilities increased to PKR 3,659,467,796 from PKR 3,345,882,088.
• ✔️ The company will hold its Annual General Meeting on October 28, 2025.
• 🌐 Company’s financial statements are available on its website: www.pacepakistan.com.
• 🏦 Cash and bank balances decreased to PKR 459,929 from PKR 12,387,540.
• 🏢 Total comprehensive income reached PKR 1,348,364,854 compared to a loss of PKR 158,817,262 in the prior year.
• 👍 Revaluation surplus of PKR 159,333,333

🎯 Investment Thesis

Based on the significant turnaround in profitability and revenue growth, a BUY rating is recommended for First Capital Securities Corporation Limited. The company’s improved financial performance makes it an attractive investment opportunity. A price target of PKR 40 per share is set, with a time horizon of 12 months. This is based on potential earnings growth and sector comparison.