⚡ Flash Summary
Suhail Jute Mills Limited reported a net loss after taxation of PKR 15.238 million (loss of PKR 3.52 per share) for the quarter ended September 30, 2025, compared to a loss of PKR 14.257 million (loss of PKR 3.29 per share) for the same period last year. The company attributes these losses to its non-operational status. Management is focused on disposing of surplus assets to settle liabilities and improve working capital, but efforts to attract investors have been unsuccessful due to the adverse security and political environment. The company is currently not in a position to commence commercial production due to a lack of working capital, and it depends on the principal shareholders for financial support. Given the losses, there will be no payout this period.
📌 Key Takeaways
- 📉 Net loss after taxation: PKR 15.238 million for Q3 2025.
- 📉 Loss per share: PKR 3.52 for Q3 2025.
- ⬆️ Prior year’s net loss: PKR 14.257 million for Q3 2024.
- ⬆️ Prior year’s loss per share: PKR 3.29 for Q3 2024.
- 🚫 Company remains non-operational, contributing to losses.
- 💼 Incurring administrative expenses to manage assets.
- 💰 Lack of working capital prevents commercial production.
- 🤝 Principal shareholders continue to provide financial support.
- 🏢 Identified surplus assets for disposal to pay off bank liabilities.
- 🚧 Efforts to attract investors unsuccessful due to security and political environment.
- ⚠️ No recommendations for payouts due to extraordinary losses.
- 🏦 Trade and other payables increased from PKR 255.438 million to PKR 258.946 million.
- 💸 Cash and bank balances increased significantly from PKR 1.446 million to PKR 2.948 million.
🎯 Investment Thesis
Given the current financial performance, non-operational status, and high risks, a SELL recommendation is warranted. There is no clear path to profitability in the short term, and the company faces significant challenges in resuming operations and attracting investors. The price target is near zero, reflecting the company’s current state and uncertain future. Time horizon is short term, as the situation is unlikely to improve significantly in the near future.
Disclaimer: AI-generated analysis. Not financial advice.