FLYNG

⚡ Flash Summary

FLYING Cement Company Limited reported its financial results for the year ended June 30, 2025. The company’s net sales increased significantly to PKR 11.202 billion from PKR 4.517 billion in the previous year. However, the company is not issuing any cash dividend, bonus shares, or right shares. Basic earnings per share increased to PKR 0.92 from PKR 0.07 in the prior year.

📌 Key Takeaways

• ✅ Net sales increased significantly to PKR 11.202 billion from PKR 4.517 billion.
• Gross profit increased substantially to PKR 1.692 billion compared to PKR 329.45 million.
• ❌ No cash dividend was declared for the year ended June 30, 2025.
• ❌ No bonus shares are being issued.
• ❌ No right shares are being offered.
• 💸 Finance costs decreased from PKR 178.599 million to PKR 111.139 million.
• 📈 Other income decreased from PKR 329.331 million to PKR 116.821 million.
• 📊 Profit after taxation increased significantly to PKR 638.461 million from PKR 51.447 million.
• ⬆️ Basic earnings per share increased to PKR 0.92 from PKR 0.07.
• 💰 Cash generated from operations increased to PKR 4.091 billion from PKR 2.493 billion.
• ⬇️ Net cash used in investing activities decreased to PKR (1.822) billion from PKR (2.170) billion.
• 🏦 Cash and cash equivalents at the end of the year increased to PKR 394.162 million from PKR 136.295 million.

🎯 Investment Thesis

Based on the improved financial performance, particularly the significant increase in revenue and earnings per share, a BUY recommendation is warranted. The company’s enhanced profitability and cash position suggest a positive outlook. A price target of PKR 40, based on a P/E ratio of 43x, and a time horizon of 12 months, is reasonable given the growth potential and current market conditions. The price target rationale is based on the current performance metrics, primarily the significant increase in revenue and earnings per share.