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NRL - FoxLogica

NRL

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⏸️ NRL: HOLD Signal (5/10) – Corporate Briefing Session 2025

⚡ Flash Summary

National Refinery Limited (NRL) will host a corporate briefing session on October 30, 2025, to discuss the company’s financial performance for the year ended June 30, 2025. The session will be held via video link. Interested participants are requested to register by October 29, 2025, providing their details via email. The briefing aims to update investors and analysts on NRL’s financial results and future outlook.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🗓️ Corporate briefing session scheduled for October 30, 2025.
  • 💻 Session will be conducted via video link.
  • 💰 Financial performance for the year ended June 30, 2025, will be discussed.
  • 🤝 Investors and analysts are invited to attend.
  • 📧 Registration required by October 29, 2025, via cbs2025@nrlpak.com.
  • 🏢 National Refinery Limited (NRL) is the host company.
  • 📊 Company’s future outlook will be addressed.
  • 📍 Registered participants need to provide their Folio/CDC A/C No. (if Shareholder), Organization and Designation (if Analyst).
  • 🔒 CNIC No., Mobile Phone No. and Email ID Official/Registered are required for registration.
  • 📰 TRE Certificate holders of the Exchange will be informed accordingly.

🎯 Investment Thesis

A HOLD recommendation is appropriate until the detailed financial performance data and future outlook are presented during the briefing session. After analyzing these details, the recommendation may be updated.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ NRL: HOLD Signal (6/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

National Refinery Limited (NRL) reported its financial results for the quarter ended September 30, 2025. The company announced no cash dividend, bonus shares, or right shares. NRL posted a profit after taxation of PKR 1,025.086 million, a significant turnaround from the loss of PKR 7,236.585 million in the same period last year. Revenue from contracts with customers increased to PKR 111,869.867 million, compared to PKR 86,680.953 million in the prior year’s quarter.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 💰 NRL reported a profit after taxation of PKR 1,025.086 million, compared to a loss of PKR 7,236.585 million in Q3 2024.
  • 📈 Revenue from contracts with customers increased by 29% to PKR 111,869.867 million from PKR 86,680.953 million year-over-year.
  • 📊 Gross profit swung to PKR 4,111.805 million compared to a gross loss of PKR 6,297.241 million in the corresponding period.
  • 📉 Finance costs decreased to PKR 1,771.476 million from PKR 2,886.556 million year-over-year.
  • 🚫 No cash dividend, bonus shares, or right shares were recommended by the board.
  • 💵 Earnings per share (EPS) improved to PKR 12.82 from a loss per share of PKR (90.50) in the same quarter last year.
  • ⚠️ Trade discounts, taxes, duties, levies, and price differentials increased significantly from (19,705,141) to (32,295,197).
  • 📉 Cost of sales decreased slightly from (73,273,053) to (75,462,865).
  • 👍 Operating profit turned positive at PKR 3,639.998 million compared to an operating loss of PKR (6,691,630) million.
  • Balance sheet shows total assets of PKR 155,815.229 million compared to PKR 149,495.621 million on June 30, 2025.
  • 💼 Reserves increased to PKR 4,407.382 million from PKR 3,382.296 million.
  • 📊 Current liabilities increased from PKR 87,060.369 million to PKR 94,199.127 million.

🎯 Investment Thesis

Based on the improved financial performance, a HOLD recommendation is appropriate for NRL. The company has shown a significant turnaround in profitability, but further analysis is required to assess the sustainability of this performance and understand the impact of various risks. A price target cannot be accurately determined without more detailed financial forecasts and valuation analysis. A medium-term horizon is appropriate to monitor the company’s performance and assess the effectiveness of its operational strategies.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ NRL: HOLD Signal (5/10) – Presentation on Corporate Briefing Session – 2025

⚡ Flash Summary

National Refinery Limited (NRL) held a corporate briefing session for 2025, highlighting its position as the only lube refinery in Pakistan and its EURO-V compliant HSD production. The company’s crude oil refining capacity stands at 70,000 Bbl per day or 23.1 million Bbls per annum. Key challenges include volatile refining margins, declining product prices, smuggling, increased utility costs, and rupee devaluation, which resulted in a Rs. 1.9 billion exchange loss. NRL is undertaking upgrade projects, focusing on HSE, throughput, HSD production, and exploring export markets for wax and LBO variants.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • Established in 1963 as a Public Limited Company. 🏢
  • Refinery Complex includes Lube Refinery (1966), Fuel Refinery (1977), and Lube II Refinery (1985). 🏭
  • Crude oil refining capacity: 70,000 Bbl/day / 23.1 million Bbls/annum (2.3 MTA). 🛢️
  • Major Shareholders: Pakistan Oilfields Limited (25%), Attock Refinery Limited (25%), Islamic Development Bank (15%). 🤝
  • Long-term credit rating: AA. 📊
  • Only lube refinery in the country. 🥇
  • Only refinery producing EURO-V compliant HSD. ⛽
  • Significant asset value: Plant (US$ 1.5 Bln), Land (US$ 165 Million). 💰
  • Gross Refinery Margins (Jul’24-Jun’25): Rs. 12,150 million vs. Rs. 8,428 million (Jul’23-Jun’24). 📈
  • Manufacturing Expenses (Jul’24-Jun’25): Rs. 18,384 million vs. Rs. 16,196 million (Jul’23-Jun’24). 🏭
  • Gross Loss (Jul’24-Jun’25): Rs. (6,234) million vs. Rs. (7,768) million (Jul’23-Jun’24). 📉
  • Loss after tax (Jul’24-Jun’25): Rs. (14,867) million vs. Rs. (15,790) million (Jul’23-Jun’24). 💸
  • Sales Volume (Jul’24-Jun’25): 1,612,414 M.Tons vs. 1,383,291 M.Tons (Jul’23-Jun’24). 🚚
  • Rupee devaluation loss: Rs. 1.9 billion. currency_exchange
  • Undertaking upgrade projects including Hydrocracker and CCR unit. 🛠️

🎯 Investment Thesis

Based on the current financial performance and prevailing risks, a HOLD recommendation is appropriate. While the company shows some improvement in gross margins, significant losses persist due to various market and economic factors. A more positive outlook would depend on successful completion of upgrade projects, improved refining margins, and stability in the macroeconomic environment. The company needs to address the volatility in rupee dollar parity exchange loss

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ NRL: HOLD Signal (5/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

NRL announced: Transmission of Quarterly Report for the Period Ended September 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • NRL made announcement: Transmission of Quarterly Report for the Period Ended September 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 NRL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

⏸️ NRL: HOLD Signal (5/10) – Board Meeting

⚡ Flash Summary

National Refinery Limited (NRL) has announced a board meeting scheduled for October 28, 2025, to review the financial statements for the quarter ended September 30, 2025, and to consider the declaration of any entitlement. In preparation for the meeting, the company has declared a “Closed Period” from October 20, 2025, to October 28, 2025. During this period, directors, CEOs, and executives are prohibited from directly or indirectly dealing in the company’s shares. This announcement was made to the Pakistan Stock Exchange (PSX) on October 17, 2025.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📅 NRL’s board meeting scheduled for October 28, 2025, at 10:30 hours in POL House, Morgah Rawalpindi.
  • 🏢 Meeting agenda: Review financial statements for the quarter ended September 30, 2025.
  • 💰 Consideration of any entitlement declaration during the board meeting.
  • 🔒 “Closed Period” declared from October 20, 2025, to October 28, 2025.
  • 🚫 During the closed period, no director, CEO, or executive can trade in NRL shares.
  • 📜 Closed period enforced under Clause 5.6.4 of the PSX’s Rule Book.
  • 📢 TRE Certificate Holders informed of the closed period.
  • 👤 Contact person for inquiries: Mr. Sardar Khan.
  • 📞 Mr. Sardar Khan’s telephone number: 35061544.
  • 📧 Mr. Sardar Khan’s email address: sardar_khan@nrlpak.com.
  • 📍 NRL’s registered office: 7-B, Korangi Industrial Zone, Karachi.
  • 🌐 NRL’s website: www.nrlpak.com.
  • 📝 Announcement date: October 17, 2025.
  • 💼 Company Secretary: Badruddin Khan.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The board meeting is a standard corporate event, and the closed period is a precautionary measure. A change in recommendation would depend on the actual financial results and any declared entitlement. A review of the financials will be required to re-evaluate the investment thesis.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 20, 2025

⏸️ NRL: HOLD Signal (5/10) – Board Meeting

⚡ Flash Summary

National Refinery Limited (NRL) has announced a board meeting scheduled for October 28, 2025, to review the financial statements for the quarter ended September 30, 2025. The meeting will be held at POL House in Morgah Rawalpindi. In anticipation of the meeting and potential declaration of entitlement, NRL has declared a “Closed Period” from October 20, 2025, to October 28, 2025, during which company directors, CEOs, and executives are prohibited from trading the company’s shares.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📅 Board meeting announced for October 28, 2025.
  • 🏢 Meeting to be held at POL House, Morgah Rawalpindi.
  • 💰 Purpose: Review financial statements for the quarter ended September 30, 2025.
  • 🤫 “Closed Period” declared from October 20, 2025, to October 28, 2025.
  • 🚫 Directors, CEOs, and executives cannot trade NRL shares during the Closed Period.
  • 📜 Compliance with PSX Rule Book Clause 5.6.4.
  • 👤 Mr. Sardar Khan is the contact person for transmitting meeting results.
  • 📞 Mr. Sardar Khan’s telephone number is 35061544.
  • 📧 Mr. Sardar Khan’s email address is sardar_khan@nrlpak.com.
  • 📍 NRL’s registered office is in Korangi Industrial Zone, Karachi.
  • 🌐 NRL’s website is www.nrlpak.com.
  • 🏢 The announcement was made to the General Manager of the Pakistan Stock Exchange Limited in Karachi.
  • 📝 The announcement is classified as FORM-1.

🎯 Investment Thesis

Based on the announcement alone, a HOLD recommendation is appropriate. More information is needed about the financial performance for the quarter ending September 30, 2025, before making a BUY or SELL decision. A price target and time horizon will be determined after the financial results are released and analyzed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025