DADX

⚡ Flash Summary

Dadex Eternit Limited will hold a Corporate Briefing Session (CBS) on November 27, 2025, at 3:00 PM to discuss the financial year ended June 30, 2025. The session will be conducted online via Zoom, with meeting details provided in the announcement. Analysts, investors, and stakeholders are invited to participate. Advance questions can be submitted to cosec@dadex.com.

📌 Key Takeaways

• 📢 Dadex Eternit Limited is holding a Corporate Briefing Session (CBS).
• 🗓️ Date: November 27, 2025.
• 🕒 Time: 3:00 PM.
• 💻 Platform: Online via Zoom.
• 🔗 Zoom Link: https://us02web.zoom.us/j/84942068358?pwd=S0x4Fm8ge1cW3NJwSeZxtpaweSoubY.1
• 🆔 Meeting ID: 849 4206 8358.
• 🔑 Passcode: 658038.
• ⏳ Financial Period: Year ended June 30, 2025.
• ❓ Advance Questions: Submit to cosec@dadex.com.
• 👍 Feedback: Send comments, likes, or dislikes to cosec@dadex.com.
• 👤 Contact: Mr. Muhammad Yousuf, Company Secretary.
• 📧 Contact Email: myouusf@dadex.com.pk.
• 🏢 Compliance: As per Rule 5.7A.3 (a) and (b) of PSX Rulebook.
• 🤝 Encouragement: All participants are encouraged to actively engage.
• 📝 TRE Certificate Holders: Please inform them of the session.

🎯 Investment Thesis

Without specific financial data, a recommendation is not possible. A HOLD recommendation is appropriate until after the briefing.

⚡ Flash Summary

The Dadex Eternit Ltd. AGM held on October 28, 2025, approved the financial statements for the year ended June 30, 2025. BDO Ebrahim & Co. were reappointed as auditors for the year ending June 30, 2026. These resolutions confirm the company’s adherence to regulatory requirements and its ongoing financial reporting processes. The announcements provide little quantitative information, making a comprehensive financial analysis impossible without additional data. The shareholders present approved the ordinary business as presented.

📌 Key Takeaways

• 📅 AGM held on October 28, 2025.
• ✅ Financial statements for the year ended June 30, 2025, approved.
• 👨‍💼 BDO Ebrahim & Co. reappointed as auditors.
• 🗓️ Auditor appointment for the year ending June 30, 2026.
• 🏢 Meeting held at Dadex House in Karachi.
• 📜 Resolutions adopted as per PSX Regulation No. 5.6.9 (b).
• 🕒 Meeting commenced at 03:30 p.m. (PST).
• 📑 Focus on ordinary resolutions.
• ✉️ Information shared with Pakistan Stock Exchange.
• ✔️ TRE Certificate Holders of the Exchange informed.
• 🤝 Continued engagement with BDO Ebrahim & Co.
• ⚖️ Compliance with regulatory standards.
• 🧾Approval of financial statements indicates confidence in reporting

🎯 Investment Thesis

Given the limited financial information provided in the announcement, a HOLD recommendation is appropriate. Without concrete data on the company’s financial performance, it’s impossible to form a strong BUY or SELL opinion. A price target and time horizon cannot be reasonably established without further financial information.

⚡ Flash Summary

Dadex Eternit Ltd. held its Annual General Meeting (AGM) on October 28, 2025, where shareholders approved the financial statements for the year ended June 30, 2025. Additionally, BDO Ebrahim & Co. were reappointed as auditors for the year ending June 30, 2026. These resolutions were adopted as ordinary resolutions during the meeting held at the company’s registered office.

📌 Key Takeaways

• 📅 AGM held on October 28, 2025.
• 🏢 Meeting took place at Dadex House, Karachi.
• ✅ Financial statements for the year ended June 30, 2025, approved.
• 👨‍💼 Board of Directors’ report adopted.
• Audit Report approved
• Auditors approved
• 🤝 BDO Ebrahim & Co. reappointed as auditors for the year ending June 30, 2026.
• 💰 Auditors’ remuneration to be determined by the Board.
• 📜 Resolutions adopted as ‘Ordinary resolutions’.
• 📢 Information shared as per PSX Regulation No. 5.6.9 (b).
• ✉️ Communication sent to the Pakistan Stock Exchange Limited.
• 🏢 Company Secretary: Muhammad Yousuf.
• ✉️ Email: info@dadex.com

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The announcement reflects standard corporate governance procedures without providing any new information that would significantly alter the investment outlook. Price target and time horizon are unchanged pending further information.

⚡ Flash Summary

Dadex Eternit Ltd. held its Annual General Meeting (AGM) on October 28, 2025, where shareholders adopted resolutions. The resolutions included the approval of the financial statements for the year ended June 30, 2025, along with the auditor’s report, chairman’s review, and the board of directors’ report. Additionally, BDO Ebrahim & Co., Chartered Accountants, were reappointed as auditors for the year ending June 30, 2026. These decisions reflect the company’s adherence to regulatory requirements and ongoing governance practices.

📌 Key Takeaways

• 📅 AGM held on October 28, 2025.
• 🏢 Meeting took place at the company’s registered office.
• 🕒 Meeting commenced at 03:30 p.m. (PST).
• ✅ Shareholders adopted ordinary resolutions.
• 📄 Financial statements for the year ended June 30, 2025 were approved.
• 👂 Auditor’s Report was reviewed and approved.
• 🧑‍💼 Chairman’s Review was reviewed and approved.
• 💼 Report of the Board of Directors was reviewed and approved.
• 👨‍💼 M/s. BDO Ebrahim & Co. reappointed as auditors.
• 🗓️ Auditors reappointed for the year ending June 30, 2026.
• 💰 Auditor remuneration to be determined by the Board of Directors.
• 📜 Compliance with PSX Regulation No. 5.6.9 (b).
• ✉️ Information shared with TRE Certificate Holders of the Exchange.

🎯 Investment Thesis

Given the lack of detailed financial information, a definitive recommendation (BUY/SELL/HOLD) cannot be made. The announcement pertains primarily to governance and procedural matters. Therefore, a neutral stance (HOLD) is maintained.

⚡ Flash Summary

Dadex Eternit Limited’s Q1 2025-26 financial results reveal a mixed performance. Net sales decreased by 7.70% to Rs. 205.699 million compared to the same period last year. Despite the sales decline, the company successfully reduced financial liabilities and narrowed operating losses. The loss per share improved, reflecting positive trajectory despite the net loss. Management remains focused on operational efficiencies and strategic initiatives to enhance financial standing.

📌 Key Takeaways

• 📉 Net sales decreased by 7.70% to Rs. 205.699 million (Q1 2025-26) from Rs. 222.869 million (Q1 2024-25).
• ⚠️ Decline in sales adversely impacted gross profit margin due to relative increase in cost of sales.
• ✅ Financial liabilities reduced from Rs. 36.899 million to Rs. 22.466 million.
• 👍 Lower borrowing costs and effective cash flow management supported reduction in financial liabilities.
• 📉 Operating losses narrowed to Rs. 47.559 million (Q1 2025-26) from Rs. 53.128 million (Q1 2024-25).
• ⬆️ Exchange gains arising from Pak Rupee depreciation contributed to narrowing operating losses.
• ⬇️ Financial costs declined by 39.11% compared to the previous year.
• 📉 Net loss before taxation reduced to Rs. 70.025 million (Q1 2025-26) from Rs. 90.027 million (Q1 2024-25).
• ⬆️ Loss per share improved to Rs. 7.03 from Rs. 8.88 in the corresponding period last year.
• 💪 Management focused on operational efficiencies, cost control measures, and strategic initiatives.
• 🌱 Efforts underway to enhance productivity, streamline expenses, and recover growth momentum.
• 🏦 Short term borrowings decreased from 651.426 million to 640.468 million
• ✨Positive trajectory and improved performance
• 🤝 The Board acknowledged the dedication and efforts of the management team and employees

🎯 Investment Thesis

Given the current financial performance, I recommend a HOLD rating for Dadex. While the reduction in financial liabilities and narrowing of operating losses show promise, the company still faces significant challenges in achieving profitability. The price target reflects current negative EPS and lack of forward guidance. Any substantial changes in these areas would require a new price target to be calculated. Given ongoing business environment and company initiatives to improve the business, the price target horizon is medium term.

⚡ Flash Summary

Dadex Eternit Ltd. has announced a board meeting to be held on October 28, 2025, to consider the quarterly accounts for the period ended September 30, 2025. Prior to this meeting, the company has enforced a closed period from October 21, 2025, to October 28, 2025, during which directors, CEOs, and executives are prohibited from trading the company’s shares. This is in compliance with PSX regulations and aims to prevent insider trading.

📌 Key Takeaways

• 📅 Board meeting scheduled for October 28, 2025.
• 🏢 Meeting to be held at DADEX House in Karachi.
• ✅ Purpose: To consider quarterly accounts.
• 🗓️ Accounts period: Ended September 30, 2025.
• 🚫 Closed period enforced from October 21-28, 2025.
• 🔒 No trading by insiders during the closed period.
• 📜 Compliance with PSX regulations.
• 👤 Addressed to the General Manager of the Pakistan Stock Exchange.
• ✍️ Announcement by Muhammad Yousuf, Company Secretary.
• ✉️ CC to Executive Director (Enforcement), Securities & Exchange Commission of Pakistan.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The board meeting and subsequent release of quarterly results will provide more clarity on the company’s financial health and future prospects. A more informed decision can be made after analyzing the financial data.