⚡ Flash Summary

Al Shaheer Corporation Limited reported financial results for the quarter ended September 30, 2025. The company experienced a slight increase in turnover, but reported a net loss for the period. The Board of Directors did not recommend any cash dividend, bonus shares, or right shares. The negative earnings have continued to erode accumulated profits, with the company’s overall equity position weakening further this quarter.

📌 Key Takeaways

• ❌ Turnover increased slightly to PKR 91.845 million from PKR 88.197 million in the same quarter last year.
• 📉 Gross loss widened to PKR 100.355 million compared to PKR 72.850 million in Q3 2024.
• ⚠️ Operating loss worsened to PKR 123.108 million from PKR 108.809 million year-over-year.
• 💰 Finance costs remained significant at PKR 77.552 million.
• 💸 Net loss for the period was PKR 201.808 million, nearly double the PKR 109.912 million loss in the prior year.
• 📉 Loss per share deepened to PKR 0.54 from PKR 0.29 in the corresponding period.
• 🚫 No cash dividend was recommended by the Board.
• 🚫 No bonus shares were recommended.
• 🚫 No right shares were recommended.
• 📉 Accumulated loss increased to PKR 5,038.261 million from PKR 4,836.453 million as of June 2025.
• 📉 Total equity decreased to PKR 218.680 million from PKR 420.488 million as of June 2025.
• 💸 Net cash generated from operating activities increased to PKR 58.986 million from PKR 27.312 million year over year
• 💸 Net cash used in investing activities increased to PKR (10.515) million from PKR (7.354) million year over year
• 💸 Net cash used in financing activities increased to PKR (48.400) million from PKR (19.997) million year over year

🎯 Investment Thesis

SELL. The company’s persistent losses, increasing accumulated deficit, and eroding equity base make it a risky investment. There is no clear path to profitability, and the valuation is likely to continue to decline. The price target is substantially lower, reflecting the negative outlook. Any potential turnaround would need to be predicated on substantially improved operational efficiency and revenue generation.