⚡ Flash Summary

Ghani Value Glass Limited reported strong financial results for the year ended June 30, 2025, with net revenue increasing to PKR 5.9 billion from PKR 4.9 billion in 2024, representing a year-over-year growth of 19%. Net profit also saw a significant rise to PKR 1.1 billion, compared to PKR 898 million in the previous year. Earnings per share (EPS) increased to PKR 7.23 from PKR 5.99. The company is expanding its operations with a new screen printing glass project, expected to further drive revenue growth and profitability. The Board has approved interim cash dividends totaling 20% (PKR 2 per share) for the year.

📌 Key Takeaways

• 🚀 Net revenue increased by 19% year-over-year, reaching PKR 5.9 billion in FY2025 from PKR 4.9 billion in FY2024.
• 💰 Net profit rose to PKR 1.1 billion, up from PKR 898 million in the previous year, showcasing improved profitability.
• 📈 Earnings per share (EPS) increased to PKR 7.23, compared to PKR 5.99 in FY2024.
• 🏭 Large-scale manufacturing (LSM) recorded a YoY growth of 2.3% in May-2025, indicating positive momentum.
• 💸 Pakistan recorded monthly remittance inflow in Jun-2025 clocking in at US$3.4bn, an 8% YoY increase.
• 🌏 Overseas Pakistanis remitted US$38bn during FY25, marking a 27% YoY growth.
• 📉 CPI for Jun-2025 clocked in at 3.2%, taking FY25 average to 4.5%, down from FY24 average of 23.4%.
• ✅ The Board approved first interim cash dividend @ Re.1 per share i.e. 10% (already paid).
• ✅ The Board approved second interim cash dividend @Re.1 per share i.e. 10% (already paid) for the year ended June 30, 2025.
• 🌱 Ghani Value Glass Ltd successfully installed its new Screen Printing Glass project which will be fully operational within this year.

🎯 Investment Thesis

GVGL is a BUY. The company’s impressive revenue and profit growth, coupled with expansion plans and a favorable economic outlook for Pakistan, make it an attractive investment opportunity. The increasing EPS and dividends highlight the company’s commitment to shareholder returns. A price target of PKR 9.00 is justified, reflecting continued growth and increased shareholder value. The investment has a medium-term horizon.