⚡ Flash Summary
The AWT Income Fund reports its financials for the quarter ended September 30, 2025. Net assets decreased from 1,908,100,000 to 1,805,105,000. The net income for the period after taxation decreased from 102,620,000 to 44,588,000. The number of units in issue also saw a decrease from 17,238,982 to 15,924,772.
📌 Key Takeaways
- 📉 Net assets decreased by 5.4% from June 30, 2025, to September 30, 2025.
- 💰 Total assets decreased from PKR 2,008,461,000 to PKR 1,856,418,000.
- 📉 Total liabilities decreased significantly from PKR 100,361,000 to PKR 51,313,000.
- 💸 Net income for the quarter decreased substantially from PKR 102,620,000 to PKR 44,588,000.
- 📉 Earnings per unit decreased, reflecting lower profitability.
- 📉 Number of units in issue decreased from 17,238,982 to 15,924,772.
- 🔻 Net assets value per unit increased slightly from PKR 110.6851 to PKR 113.3520.
- ⬇️ Cash and cash equivalents decreased from PKR 375,491,000 to PKR 250,401,000.
- 📉 Mark-up income decreased from PKR 84,228,000 to PKR 52,250,000.
- ⬇️ Total income decreased from PKR 111,339,000 to PKR 51,595,000.
- 📈 Expenses decreased slightly from PKR 8,719,000 to PKR 7,007,000.
🎯 Investment Thesis
Based on the financial results for the quarter ended September 30, 2025, a SELL recommendation is warranted for AWT Income Fund. The significant decrease in net income, assets, and earnings per unit indicates a weakening financial position. The price target rationale is based on the expectation of continued underperformance given the current trends. The time horizon for this recommendation is medium-term, as the fund may take some time to stabilize or improve its performance.
Disclaimer: AI-generated analysis. Not financial advice.