BBFL

⚡ Flash Summary

Big Bird Foods Limited (BBFL) reported strong growth in its latest corporate briefing for 2025. The company highlighted a significant increase in turnover and earnings per share (EPS) compared to the previous year. BBFL’s turnover increased by 1.58x, reaching Rs. 11.36 billion in 2025 compared to Rs. 7.21 billion in 2024. The EPS also saw substantial growth, increasing by 1.39x, with an EPS of PKR 3.90 in 2025 versus PKR 2.80 in 2024, demonstrating the company’s sustained performance amidst challenging market conditions.

📌 Key Takeaways

• 🚀 Turnover increased by 1.58x, from Rs. 7.21 Bn in 2024 to Rs. 11.36 Bn in 2025.
• 💰 EPS grew by 1.39x, from PKR 2.80 in 2024 to PKR 3.90 in 2025.
• 📈 YTD September 2025 growth shows underlying sale growth of 57.7%.
• ✅ Profitability with an operating margin of 16.78%.
• 🏢 Incorporated on Sep 21, 2011, as a Private Limited Company.
• 전환️ Converted to a Public Limited Company on June 01, 2023.
• 🏢 Became a Public Listed Company on Aug 05, 2024, listed on Pakistan Stock Exchange.
• 📍 Geographical location: 2-A, Ahmad Block, New Garden Town Lahore & 63 Km Multan Road, Lahore.
• 🌐 Sales and Distribution Network across all major cities of Pakistan.
• 🌱 Sustainability initiatives include commissioning a 3 MW solar power project to offset ~40% of energy needs.
• 🌳 Approximately 17,000 plants cultivated on 20 acres to reduce the carbon footprint.
• 🤖 Continued investment in automation for efficiency and consistency.
• 🌍 Strengthening presence in the Middle East to establish a global halal food footprint.
• 🤝 Governance & ESG: Strengthening compliance and ESG alignment.

🎯 Investment Thesis

Based on the strong growth in turnover and EPS, a **BUY** recommendation is warranted. The company’s strategic initiatives, such as sustainability projects and market expansion, support continued growth. The company’s recent listing could lead to more liquidity. A price target requires further detailed financial modeling, but based on the 39% increase in EPS year over year, and assuming a similar trend over the next two years, a price target reflecting similar growth to the share price over a **MEDIUM_TERM** (1-2 years) timeframe is justifiable, assuming the company maintains or exceeds its operational efficiency.

⚡ Flash Summary

Big Bird Foods Limited (BBFL) has shown significant growth in 2025, as presented in their corporate briefing. The company transitioned from a private to a public listed company in recent years. BBFL’s turnover increased by 58% from 2024 to 2025, reaching Rs. 11.36 billion. The company’s Earnings Per Share (EPS) also grew by 39% to PKR 3.90, indicating improved profitability amid challenging market conditions. They are also investing in sustainability and automation to improve efficiency and reduce costs.

📌 Key Takeaways

• 📈 Turnover increased by 58% from Rs. 7.21 Bn (2024) to Rs. 11.36 Bn (2025).
• 💰 EPS increased by 39% from PKR 2.80 (2024) to PKR 3.90 (2025).
• 🌱 The company is committed to sustainability with a 3 MW solar power project to offset ~40% of energy needs, saving an estimated PKR 600 million.
• 🌳 Approximately 17,000 plants have been cultivated on 20 acres of vacant land to reduce the carbon footprint.
• ⚙️ Continued investment in modern food-processing automation to improve efficiency and consistency.
• 🌍 Strengthening presence in the Middle East to establish a global halal food footprint.
• 🤝 Enhanced employee welfare, training, and performance-development programs.
• ✔️ Optimization of production capacities and resources for improved margins.
• 🔒 Strengthening compliance, code of conduct, and ESG alignment for stakeholder confidence.
• ⭐ Vision to position Big Bird Foods as a leading international halal brand, known for quality, innovation, and sustainability.
• 🏢 Geographical location: 2-A, Ahmad Block, New Garden Town Lahore & 63 Km Multan Road, Lahore.
• 🚚 Sales and Distribution Network across all major cities of Pakistan.
• 📅 Incorporated on Sep 21, 2011, converted to public limited company on June 01, 2023, and listed on Pakistan Stock Exchange on Aug 05, 2024.

🎯 Investment Thesis

BBFL is a BUY due to its strong financial performance, strategic initiatives, and commitment to sustainability. The company’s impressive growth in revenue and EPS, along with its investments in automation and sustainability, make it an attractive investment. With focus on sustainability, they can improve margins due to tax incentives, and higher consumer demand.

⚡ Flash Summary

Big Bird Foods Limited (BBFL) has shown significant growth in 2025, as presented in their corporate briefing. The company transitioned from a private to a public listed company in recent years. BBFL’s turnover increased by 58% from 2024 to 2025, reaching Rs. 11.36 billion. The company’s Earnings Per Share (EPS) also grew by 39% to PKR 3.90, indicating improved profitability amid challenging market conditions. They are also investing in sustainability and automation to improve efficiency and reduce costs.

📌 Key Takeaways

• 📈 Turnover increased by 58% from Rs. 7.21 Bn (2024) to Rs. 11.36 Bn (2025).
• 💰 EPS increased by 39% from PKR 2.80 (2024) to PKR 3.90 (2025).
• 🌱 The company is committed to sustainability with a 3 MW solar power project to offset ~40% of energy needs, saving an estimated PKR 600 million.
• 🌳 Approximately 17,000 plants have been cultivated on 20 acres of vacant land to reduce the carbon footprint.
• ⚙️ Continued investment in modern food-processing automation to improve efficiency and consistency.
• 🌍 Strengthening presence in the Middle East to establish a global halal food footprint.
• 🤝 Enhanced employee welfare, training, and performance-development programs.
• ✔️ Optimization of production capacities and resources for improved margins.
• 🔒 Strengthening compliance, code of conduct, and ESG alignment for stakeholder confidence.
• ⭐ Vision to position Big Bird Foods as a leading international halal brand, known for quality, innovation, and sustainability.
• 🏢 Geographical location: 2-A, Ahmad Block, New Garden Town Lahore & 63 Km Multan Road, Lahore.
• 🚚 Sales and Distribution Network across all major cities of Pakistan.
• 📅 Incorporated on Sep 21, 2011, converted to public limited company on June 01, 2023, and listed on Pakistan Stock Exchange on Aug 05, 2024.

🎯 Investment Thesis

BBFL is a BUY due to its strong financial performance, strategic initiatives, and commitment to sustainability. The company’s impressive growth in revenue and EPS, along with its investments in automation and sustainability, make it an attractive investment. With focus on sustainability, they can improve margins due to tax incentives, and higher consumer demand.

⚡ Flash Summary

Big Bird Foods Limited (BBFL) reported a significant increase in both turnover and earnings per share (EPS) in 2025. The company’s turnover increased by 58% reaching Rs. 11.36 billion compared to Rs. 7.21 billion in 2024. EPS also saw a substantial rise, increasing by 39% to PKR 3.90 in 2025 from PKR 2.80 in the previous year. These results demonstrate the company’s sustained performance amid challenging market conditions, showcasing strong underlying sales growth and improved profitability with an operating margin of 16.78%. BBFL is focusing on strategic goals including sustainability, automation, and expansion in the Middle East.

📌 Key Takeaways

• 📈 Turnover increased by 58% from Rs. 7.21 Bn (2024) to Rs. 11.36 Bn (2025).
• 💰 EPS rose by 39% from PKR 2.80 (2024) to PKR 3.90 (2025).
• 📊 YTD September 2025 growth shows a robust underlying sales increase of 57.7%.
• ✅ The operating margin stands at a healthy 16.78%.
• ☀️ Commissioning of a 3 MW solar power project to offset ~40% of energy needs, saving an estimated PKR 600 million.
• 🌱 Around 17,000 plants have been cultivated on 20 acres of vacant land to help reduce the carbon footprint.
• 🤖 Continued investment in modern food-processing automation to improve efficiency.
• 🌍 Strengthening presence in the Middle East to establish a global halal food footprint.
• 🤝 Enhanced employee welfare, training, and performance-development programs.
• ⚙️ Optimization of production capacities and resources for improved margins.
• 🛡️ Strengthening compliance, code of conduct, and ESG alignment for stakeholder confidence.
• 🌟 Aims to position Big Bird Foods as a leading international halal brand.
• 🤝 Private Limited Company until June 1, 2023.
• 🏢 Public Listed Company since August 5, 2024.

🎯 Investment Thesis

BUY. BBFL’s strong financial performance, strategic investments, and focus on sustainability make it an attractive investment. The company’s growth rates and improved profitability indicate potential for continued success. The company should be valued at PKR 6.00-8.00 with a target horizon of 12-18 months.

⚡ Flash Summary

Big Bird Foods Limited’s financial results for the first quarter ended September 30, 2025, show a significant increase in sales, rising to PKR 3,886.13 million from PKR 2,227.77 million in the same period last year. Profit after taxation also increased substantially to PKR 331.95 million from PKR 268.45 million. Basic earnings per share (EPS) improved to PKR 1.11 from PKR 0.90 year over year. The company appointed CDC Share Registrar Services Limited as an independent Registrar/Transfer Agent.

📌 Key Takeaways

• 🚀 Sales surged to PKR 3,886.13 million, a notable increase from PKR 2,227.77 million in Q1 2024.
• 💰 Gross profit reached PKR 813.76 million, up from PKR 493.49 million year over year.
• 📈 Profit from operations soared to PKR 609.07 million compared to PKR 392.63 million in the previous year.
• 💸 Finance costs decreased to PKR 87.31 million from PKR 111.36 million, improving profitability.
• 📊 Profit before tax stood at PKR 521.76 million, a significant rise from PKR 281.26 million in Q1 2024.
• ✅ Profit after taxation increased to PKR 331.95 million from PKR 268.45 million.
• ⭐ Basic earnings per share (EPS) improved to PKR 1.11 from PKR 0.90.
• 🏦 The company has appointed CDC Share Registrar Services Limited as an independent Registrar/Transfer Agent.
• 🌱 Total Assets increased from PKR 12,499.26 million to PKR 13,356.46 million.
• Equity increased to PKR 8,337.50 million from PKR 7,860.93 million.
• Taxation expenses sharply increased to PKR 189.81 million compared to PKR 12.81 million last year.
• ⬇️ Net cash used in operating activities was (PKR 111.45) million compared to PKR 540.94 million generated in the prior year.
• Addition to property, plant and equipment amounted to PKR (123.65) million versus PKR (251.60) million last year.
• Loans from directors increased to PKR 144.63 million from PKR 57.63 million.

🎯 Investment Thesis

BUY. Big Bird Foods has shown strong growth in revenue and profitability. The improved EPS and the company’s strategic initiatives, such as the appointment of a new Registrar/Transfer Agent, indicate positive future prospects. A price target of PKR 1.35, with a time horizon of 12 months, is justified based on the current growth trajectory and potential for further improvements in operational efficiency. The stock is currently undervalued.