FCL

⚡ Flash Summary

Fast Cables Limited’s financial results for the quarter ended September 30, 2025, show an increase in revenue but a decrease in net profit compared to the same quarter last year. The company reported revenue of PKR 8,639.63 million, up from PKR 7,204.27 million. However, net profit decreased to PKR 387.64 million from PKR 206.76 million. The company did not declare any cash dividend, bonus shares, or right shares for the quarter.

📌 Key Takeaways

• 📈 Revenue increased by 20% YoY, reaching PKR 8,639.63 million in Q3 2025.
• 📉 Net Profit increased by 87.3% YoY, dropping to PKR 387.64 million.
• 💰 Earnings per share (EPS) increased to PKR 0.62 from PKR 0.33 YoY.
• 🚫 No cash dividend was declared for the quarter ended September 30, 2025.
• ❌ No bonus shares were announced.
• ❌ No right shares were offered.
• 🚧 Operating profit increased to PKR 1,005.47 million from PKR 592.30 million YoY.
• 💸 Finance costs decreased to PKR 369.46 million YoY.
• 📊 Total assets increased to PKR 36,967.23 million as of September 30, 2025.
• liabilities increased to PKR 20,608.02 million as of September 30, 2025.
• 💼 Equity increased to PKR 14,914.83 million.
• 📉 Cash flow from operations show loss of PKR (2,080.32) million.
• 📊 Book value per share is PKR 23.72
• ✅ Healthy revenue growth, but profit could be better.
• ✅ Company is growing and expanding operations.

🎯 Investment Thesis

Based on the current analysis, a HOLD recommendation is appropriate. The company’s increasing revenue is a positive sign, but the declining net profit raises concerns. A price target is not provided here due to insufficient information.

⚡ Flash Summary

Fast Cables Limited (FCL) is holding a Corporate Briefing Session (CBS) on November 7, 2025, to update investors and analysts on the company’s financial performance and future outlook for FY 2025 and Q1 2026. The session will be conducted via video conference. Details about the session and registration process are enclosed in the flyer. The company will also publish the presentation on its website in accordance with PSX guidelines.

📌 Key Takeaways

• 📅 CBS Scheduled: November 7, 2025, at 11:00 am.
• 💻 Format: Video conference for investors and analysts.
• 🗣️ Presentation Focus: Financial performance and future outlook.
• 📁 Reporting Period: FY 2025 & Q1 2026.
• 🌐 Presentation Availability: Uploaded to the company’s website.
• 📜 Compliance: PUCARS and PSX guidelines followed.
• 🏢 Head Office: 192-Y Block, Commercial Area, Phase III, DHA, Lahore.
• 📞 Contact: +92-42-35742396-9
• 👤 Presenters: Kamal Mahmood Amjad Mian (CEO) and Usman Ahmed (CFO).
• 🌱 Theme: Powering a sustainable future with global excellence.

🎯 Investment Thesis

HOLD. While the announcement is informative, a definitive investment decision cannot be made without specific financial data to assess the company’s performance and outlook. A potential BUY or SELL recommendation will depend on the information presented during the Corporate Briefing Session.

⚡ Flash Summary

Fast Cables Limited (FCL) held a corporate briefing session covering FY 2025 and Q1 2026. The company highlighted challenges in FY 2025 including modest GDP growth of 3.04%, subdued LSM growth, and volatility in raw material pricing with copper & aluminum prices exhibiting sharp volatility. Despite these challenges, FCL strategically focused on maintaining its market share, enhancing its customer base, obtaining international certifications, and sustaining profitability. The company is expanding production capacity with the IPO update noting land acquisition and construction of new production halls.

📌 Key Takeaways

• Established in 1985, boasting 4 decades of experience. 🏢
• Diverse Product Portfolio with +10 Cable Types and +6,000 Product SKUs. 🧰
• Network of 350+ dealers nationwide. 🤝
• Operating with State of the Art Facilities, including 2 CCV Lines, Aluminum & Alloy Plant, and a 75kV Certified Testing Lab. 🏭
• Global Certifications: TAQA, BASEC, UL, KEMA Gold, ISO 9001, 14001, 45001, VEIKI-VNL. 🏅
• Modest GDP growth of 3.04% impacted FY 2025. 📉
• Copper & Aluminium prices exhibited ~10% YoY increase. 💰
• Metal price volatility in LME index ranged 18%-25%. 📈
• FY 2025 Revenue: PKR 31.86Bn (vs. PKR 36.02 Bn LY). 📊
• FY 2025 Gross Profit: PKR 5.37Bn (vs. PKR 6.73 Bn LY). 📉
• FY 2025 Net Profit: PKR 1.27Bn (vs. PKR 1.88 Bn LY). 📉
• FY 2025 EPS: PKR 2.03 (vs. PKR 3.68 LY). 📉
• Q1 FY-2026 Revenue: PKR 8.64Bn (vs. PKR 7.20 Bn SPLY). 📊
• Q1 FY-2026 Net Profit: PKR 388Mn (vs. 207 Mn SPLY). 📈
• Q1 FY-2026 EPS: PKR 0.62 (vs. PKR 0.33 SPLY). 📈

🎯 Investment Thesis

HOLD. While FCL faces macroeconomic and financial challenges, its strategic initiatives and capacity expansion could lead to future growth. The recent improvements in Q1 FY-2026 are encouraging, but further consistent performance is needed before considering a BUY recommendation.

⚡ Flash Summary

Fast Cables Limited has announced a board meeting scheduled for October 25, 2025, to review the quarterly financial statements for the period ending September 30, 2025. The board will also consider the declaration of any entitlements. In compliance with PSX regulations, the company has declared a closed period from October 17, 2025, to October 25, 2025, during which directors, the CEO, and executives are prohibited from trading the company’s shares. This notice informs stakeholders about the upcoming financial review and trading restrictions.

📌 Key Takeaways

• 📅 Board meeting scheduled for October 25, 2025, to review Q1 2026 financial statements.
• 💼 Meeting will address financial results for the period ending September 30, 2025.
• 💰 Declaration of any entitlements to be considered at the board meeting.
• 🔒 “Closed Period” declared from October 17, 2025, to October 25, 2025, in line with PSX regulations.
• 🚫 Trading restriction imposed on directors, CEO, and executives during the closed period.
• 📜 Compliance with Clause 5.6.4 of the PSX Regulation.
• 🏢 Meeting to be held at 10:30 a.m. in Lahore.
• 📢 Notice informs TRE Certificate Holders of the Exchange.
• ✉️ Communication sent through PUCARS & COURIER.
• 🏢 Company’s head office located in Lahore, DHA.
• 📞 UAN contact number provided: 042-111-000-343.
• 🌐 Website: www.fast-cables.com

🎯 Investment Thesis

HOLD. Without financial statements, there is no basis to change from the current investor sentiment. The board meeting could trigger a price change, but that would require an understanding of the Q1 numbers. Price Target: Re-evaluate after Q1 results. Time Horizon: Short Term.

⚡ Flash Summary

FCL announced: Transmission of Annual Report for the Year Ended June 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• FCL made announcement: Transmission of Annual Report for the Year Ended June 30, 2025
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for FCL. Manual verification required.

⚡ Flash Summary

Fast Cables Limited (FCL) has announced the publication of the notice for its 17th Annual General Meeting (AGM) to be held on Monday, October 27, 2025. The notice will be published in nationwide newspapers, including The Nation (English) and Nawa-e-Waqt (Urdu), on October 6, 2025. The announcement includes details regarding the AGM’s agenda, participation procedures, and financial reporting information. Shareholders are encouraged to review the notice for complete details and instructions.

📌 Key Takeaways

• 📅 The 17th Annual General Meeting (AGM) of Fast Cables Limited (FCL) will be held on October 27, 2025.
• 📰 The AGM notice will be published in The Nation (English) and Nawa-e-Waqt (Urdu) newspapers on October 6, 2025.
• 🌐 Shareholders can access the company’s annual report for 2025 via a provided link.
• ✉️ Shareholders are required to provide specific documentation for verification, including NTN, CNIC, and Folio numbers.
• 🗳️ Proxies must be submitted at least 48 hours before the meeting; deadline is 5:00 PM on October 25, 2025.
• 🏢 The AGM venue is 192-Y, Commercial Area, Phase-III, DHA, Lahore.
• 📢 Members can address queries and participate by contacting investor.relations@fast-cables.com.
• 💻 Virtual event details and online resources are powered by Microsoft Teams.
• 📊 Financial performance for FY2025 indicates a loss of (PKR 6,246.73) thousands vs. a profit of PKR 198.32 thousands in 2024.
• 💸 The company has 2,500,000 authorized shares and 1,010,000 issued shares.
• ❗Revolving credit facilities and associated details are available for review.
• ⚡ Power capacity for 132/11 KV is indicated with specific values for 2025 and 2022.
• 💼 Important details regarding CDC (Central Depository Company) procedures and requirements are highlighted for share transfers.
• 🧾 The notice emphasizes compliance with SECP regulations and relevant corporate laws.

🎯 Investment Thesis

Given the lack of detailed financial information and the reported loss for FY2025, a HOLD recommendation is appropriate. Investors should await a comprehensive review of the annual report to assess the underlying factors affecting financial performance and future prospects.

⚡ Flash Summary

Fast Cables Limited (FCL) will hold its 17th Annual General Meeting (AGM) on October 27, 2025. Shareholders will vote to approve the annual audited financial statements for the year ended June 30, 2025, appoint auditors for the year ending June 30, 2026, and ratify related-party transactions. The company proposes a final cash dividend of 5% (Rs. 0.50 per share) and bonus shares at 2.5% (0.25 shares for every share held). Shareholders are also being asked to approve investments in associated companies, namely Barqtron-Fast and BES-FCL-MECONS.

📌 Key Takeaways

• 📅 AGM is scheduled for October 27, 2025, at 11:00 a.m.
• 💰 Final cash dividend of 5% (Rs. 0.50 per share) proposed. This provides a small income stream for shareholders.
• 🎁 Bonus shares at 2.5% (0.25 shares for every share held) proposed. This indicates a potential increase in outstanding shares.
• 🤝 Re-appointment of Crowe Hussain Chaudhary and Company as auditors. Continuity in auditing practices.
• 🏢 Approval sought for related party transactions. These need scrutiny to ensure fairness.
• 💸 Investments in Barqtron-Fast (PKR 917 million invested out of PKR 2,000 million approved limit). Further details are needed regarding financial metrics of the associated company.
• 💸 Investments in BES-FCL-MECONS (PKR 854 million invested out of PKR 2,000 million approved limit). Further details are needed regarding financial metrics of the associated company.
• 🏦 Investment return from associated companies is KIBOR + 1%. Potentially beneficial compared to the company’s borrowing costs.
• 📑 Share transfer books closed from October 20, 2025, to October 27, 2025. Important for dividend entitlement.
• 💻 AGM participation via video link available. Facilitates broader shareholder participation.
• 🗳️ E-voting available for special business items. More accessibility for shareholders.
• ⚠️ Mandatory CNIC/NTN submission for dividend payments. Essential for compliance.
• 🚫 Prohibition of gifts at the AGM. Ensures ethical practices.

🎯 Investment Thesis

Given the limited financial details in the announcement and the reliance on related-party transactions, a HOLD rating is appropriate. Further investigation into the company’s financials and the performance of the associated companies is necessary before making a BUY or SELL decision. I am setting no price target currently, given the lack of available data.