Signal: BUY

📈 JSIL: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

JS Investments Limited (JSIL) reported strong performance for the nine months ended September 30, 2025. The company’s Assets Under Management (AUM) grew by 22% since December 31, 2024, reaching PKR 156 billion, and surged by 54% year-on-year. Core revenues increased by 132% year-on-year to PKR 796 million, driven by growth in management fee income and fund performance. Net profit after tax stood at PKR 370 million, with Earnings Per Share (EPS) at PKR 6.00, compared to PKR 256 million and PKR 4.14 respectively in the corresponding period last year. The company expanded its investor base by approximately 15,000 new accounts.

Signal: BUY 📈
Strength: 8/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 💰 AUM increased by 22% since December 31, 2024, to PKR 156 billion.
  • 📈 AUM surged by 54% year-on-year from PKR 101 billion.
  • 🚀 Core revenues grew by 132% year-on-year to PKR 796 million.
  • ✅ Profit before tax increased by 77% to PKR 530 million.
  • ✨ Net profit after tax reached PKR 370 million.
  • 💸 EPS increased to PKR 6.00 from PKR 4.14 year-on-year.
  • 👥 Investor base expanded by ~15,000 new accounts.
  • ⭐ JS KPK Pension Fund added 2,303 new accounts, the highest addition in FY25.
  • 🏦 JS Islamic Sarmaya Mehfooz Fund (Plan I) raised around PKR 2 billion.
  • 🏨 JS Hotel REIT, Pakistan’s first Shariah-compliant hospitality-backed REIT, was officially launched.
  • 🤝 JS Rental REIT enhanced its portfolio with an operator agreement with IWG (Regus).
  • 🏗️ Planned REITs advanced through regulatory reviews and structuring phases.
  • 🏛️ Pakistan’s Real Estate Investment Trust (REIT) sector market capitalization increased from approximately PKR 78 billion at the end of December 2024 to around PKR 105 billion by the end of September 2025.
  • 📉 Inflation averaged 2.70% during the nine-month period, down from 15.71% the previous year.
  • ✔️ External position improved, with the current account surplus of USD 381 million during the nine months to September 2025, compared to a deficit of USD 963 million a year earlier.

🎯 Investment Thesis

JS Investments Limited’s strong financial performance, expanding product portfolio, and increasing investor base make it an attractive investment. The company’s focus on launching innovative real estate investment solutions and strategic partnerships with JS Bank and BankIslami will likely drive further growth. I recommend a BUY rating, with a price target of PKR 8.50, based on projected earnings growth and a P/E multiple of 14x. Time horizon: Medium term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 ALAC: BUY Signal (7/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Askari Life Assurance Company Limited reported a significant turnaround for the nine months ended September 30, 2025, achieving a profit after tax of PKR 40.95 million compared to a loss of PKR 65.12 million in the same period last year. Gross premium revenue surged by 75% to PKR 2,196.38 million, driven by growth in both individual and group life segments. Despite a decline in investment income, the company demonstrated improved profitability and operational efficiency, reinforcing its prudent business strategy and robust risk management framework. The company remains optimistic about achieving sustained growth and long-term profitability.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 Gross premium revenue increased by 75% to PKR 2,196.38 million compared to PKR 1,253.05 million in the corresponding period of last year.
  • 👤 Individual life business grew significantly, reaching PKR 1,794.26 million against PKR 872.27 million in the same period last year.
  • 👥 Group life business stood at PKR 402.12 million, compared to PKR 380.77 million in the corresponding period.
  • 📉 Investment and other income declined to PKR 245.03 million from PKR 276.84 million in the corresponding period due to lower interest rates.
  • 📊 The Company’s investment portfolio increased to PKR 3,304.10 million as of September 30, 2025, from PKR 2,703.69 million as of December 31, 2024.
  • 💰 Net insurance benefits expense increased by 60% to PKR 326.77 million, driven by the rise in Gross Written Premium (GWP).
  • ⚙️ Marketing, administration, and other expenses increased by 14% to PKR 345.95 million.
  • ✅ Profit after tax reached PKR 40.95 million, a significant improvement from a loss of PKR 65.12 million in the same period of last year.
  • ⭐ The company maintains its focus on sustainable growth, digital innovation, and operational excellence.
  • 🤝 The Board acknowledges the support of policyholders, shareholders, business partners, regulators, and employees.

🎯 Investment Thesis

We recommend a BUY rating for Askari Life Assurance Company Limited. The company’s recent performance demonstrates a significant turnaround with substantial revenue growth and improved profitability. We believe that Askari Life is well-positioned to capitalize on the growing demand for insurance products in Pakistan. We set a price target of PKR 1.00, based on discounted cash flow analysis, representing an upside of 70% from the current market price, with a medium-term (12-18 months) time horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 WAVESAPP: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30 September 2025

⚡ Flash Summary

Waves Home Appliances Limited reported a strong increase in profitability for the nine months ended September 30, 2025. Net sales increased by 11.4% to Rs. 2,792.95 million, while profit for the period surged to Rs. 261.58 million compared to Rs. 68.42 million in the same period last year. This translated to a significant increase in earnings per share (EPS) from Rs. 0.26 to Rs. 0.98. The company cited improved economic conditions and operational efficiency as key drivers for this performance.

Signal: BUY 📈
Strength: 8/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 Sales increased by 11.4% YoY to Rs. 2,792.95 million.
  • 💰 Gross profit increased to Rs. 757.80 million from Rs. 685.86 million.
  • Operating profit surged to Rs. 715.98 million from Rs. 419.02 million.
  • ✨ Profit before levies and income tax reached Rs. 313.14 million, up from Rs. 117.99 million.
  • ✅ Profit for the period soared to Rs. 261.58 million from Rs. 68.42 million.
  • 💲 Earnings per share (EPS) significantly increased to Rs. 0.98 from Rs. 0.26.
  • 🚫 No dividend payout was recommended due to tough economic conditions.
  • 🇵🇰 The company is optimistic about sustained macroeconomic stability in Pakistan.
  • 🏭 Focus on energy-efficient and locally assembled appliances.
  • 📊 Increase in trade debts to Rs. 4,513.63 million from Rs. 4,212.67 million.
  • 🏦 Long term financings increased to Rs. 4,656.63 million from Rs. 3,636.59 million
  • 💰 Cash flow from operating activities decreased to Rs. 100.89 million from Rs. 581.50 million.
  • 🤝 Loan from sponsoring directors increased to Rs. 523.47 million from Rs. 430.08 million.
  • 🏢 Investment property increased to Rs. 303.20 million from Rs. 87.20 million.
  • 🌎 Overall economic activity remained moderate due to elevated interest rates.

🎯 Investment Thesis

I recommend a BUY rating for Waves Home Appliances Limited. The company’s strong financial performance, particularly the significant increase in profitability and EPS, signals a positive trajectory. The focus on energy-efficient and locally assembled appliances aligns with market trends and government support. While risks exist, the potential for continued growth and improved valuation outweighs the concerns. **Price Target:** Based on an optimistic outlook and potential P/E expansion, a 12-month price target of PKR 40, reflecting 25x annualized EPS. **Time Horizon:** Medium Term (12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 TSMF: BUY Signal (7/10) – Financial Results for the Quarter Ended 2025-09-30

⚡ Flash Summary

Tri-Star Mutual Fund Ltd. reported financial results for the quarter ended September 30, 2025. The company experienced a significant turnaround with a profit from operations of Rs 15,004,370 compared to a loss of Rs (2,537,769) in the same period last year. Net Assets Value per certificate increased to Rs 20.03 from Rs 17.27 in June 2025. The Board did not recommend any cash dividend, bonus, or rights entitlement.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 👍 Profit from Operation: Turned positive, reaching Rs 15,004,370 against a loss of Rs (2,537,769) last year.
  • 📈 EPS: (Loss) / Earning per certificate (Rupees) With net unrealized diminution on remeasurement of investments increased to 2.76 from (1.14).
  • 💰 Total Comprehensive Income: Rose to Rs 13,814,061 compared to a loss of Rs (5,721,817) in the previous year.
  • ✔️ Investments: Increased to Rs 128,512,911 from Rs 112,613,467 in June 2025.
  • 🏦 Net Assets: Grew to Rs 100,157,162 from Rs 86,343,101 in June 2025.
  • 💸 NAV per Certificate: Increased to Rs 20.03 from Rs 17.27 in June 2025.
  • ➖ Operating Expenses: Increased to Rs 2,099,600 from Rs 1,390,065 year-over-year.
  • 🚫 Dividend: No cash dividend, bonus, or rights entitlement was recommended.
  • 📊 Statement of Financial Position: Shows an increase in total assets to Rs 129,504,794 from Rs 113,733,423 in June 2025.
  • 📉 Unrealized Loss: Improved, decreasing from Rs (4,165,989) to Rs (3,256,697).
  • 🏦 Cash Flow: Decrease in cash and cash equivalent from Rs. 460,241 to Rs. 330,034.

🎯 Investment Thesis

BUY. Tri-Star Mutual Fund’s turnaround in profitability, increased NAV, and strong asset growth make it an attractive investment. The fund shows promise for continued growth and improved returns. Price Target: Rs 23. Time Horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 PIBTL: BUY Signal (7/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Pakistan International Bulk Terminal Limited (PIBTL) reported a profitable quarter ending September 30, 2025, reversing a loss from the same period last year. The company’s revenue increased significantly due to higher cargo handling volumes. Management is focused on operational efficiency, cost control, and sustainable cash flow generation. PIBTL is also positioning itself to handle mineral exports, potentially broadening its cargo base and strengthening long-term stakeholder value.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 Revenue surged to PKR 3,980.142 million, a 71.5% increase compared to PKR 2,319.769 million in Q1 2024-2025.
  • 💰 Gross profit soared to PKR 1,285.160 million, up from PKR 363.178 million in the same quarter last year.
  • ✅ Net profit reached PKR 616.520 million, a significant turnaround from a net loss of PKR 297.891 million in Q1 2024-2025.
  • ⭐ Earnings per share (EPS) improved to PKR 0.35, compared to a loss per share of PKR 0.17 in the prior year’s quarter.
  • 🚢 Cargo handling volume increased to 1,871,682 tons, up from 1,177,464 tons in the corresponding period last year.
  • ⛏️ PIBT is identified as the preferred terminal for copper and gold concentrate exports from the Reko Diq Mining Company.
  • 🤝 The company appreciates the dedication of its employees and the support of stakeholders and financial institutions.
  • 🌱 Focus remains on enhancing efficiency in cargo handling operations and upholding international standards.
  • 🥇 The terminal is dedicated to providing unparalleled services with high efficiency and pollution control at optimized cost.
  • 🚀 Implementing strategies to sustain performance, promote innovation, and maximize stakeholder value.
  • 🏦 Long-term financing secured stands at PKR 3,467.982 million.
  • 💸 Cash and bank balances are at PKR 886.639 million.

🎯 Investment Thesis

BUY. PIBTL’s strong Q1 2025-2026 performance, driven by increased cargo handling volumes and improved operational efficiency, makes it an attractive investment. The company’s focus on sustainable growth and potential for mineral exports further strengthens its investment case. The price movement should increase.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 FNEL: BUY Signal (7/10) – Transmission of Quarterly Report for the Period Ended 30-Sep-2025

⚡ Flash Summary

First National Equities Limited (FNEL) reported a significantly improved financial performance for the quarter ended September 30, 2025. The company achieved a substantial increase in operating profit and turned a loss into a profit after taxation. This positive shift is attributed to realized gains from investment sales and unrealized gains on re-measurement of investments classified at fair value through profit or loss. The PSX’s strong performance, supported by improved macroeconomic indicators, appears to have positively impacted FNEL’s earnings.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 Revenue increased significantly from PKR 5,678,883 to PKR 366,483
  • 💰 Operating profit surged from PKR 7,406,105 to PKR 18,671,700
  • ✅ Profit after taxation turned positive, reaching PKR 12,875,830 from a loss of PKR (16,393,465)
  • ⭐ Earnings per share (EPS) improved from (PKR 0.061) to PKR 0.048
  • 💹 The KSE-100 Index reached record highs above 163,000 points during the quarter.
  • 💼 Investment of up to PKR 400 million approved for FNE Developments (Private) Limited.
  • 🤝 Agreement executed to divest 20% equity stake in Kingbhai Digisol for PKR 280 million.
  • 🏦 Short term investments increased from PKR 33,588,957 to PKR 54,983,325.
  • 📜 The company continues to pursue strategic growth opportunities aimed at long-term value creation and portfolio diversification.
  • 💊 Management has prioritized expansion into the pharmaceutical sector.
  • 🏢 Investment in Kingbhai Digisol (Pvt.) Limited is at PKR 1,069,221,476.
  • ✔️ Directors appreciate the cooperation from financial institutions and government authorities.

🎯 Investment Thesis

Based on the improved quarterly performance and strategic initiatives, a BUY recommendation is provided. The company’s focus on portfolio optimization and expansion into growth sectors, combined with positive market sentiment, makes it a potentially attractive investment. The price target cannot be accurately determined without more detailed financials and sector comparables. The investment horizon is MEDIUM_TERM, anticipating further gains as strategic initiatives mature.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 INIL: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30-09-2025

⚡ Flash Summary

International Industries Limited (INIL) reported a strong first quarter for fiscal year 2025-2026, showcasing resilience in a challenging global steel market. The company achieved double-digit growth in sales volumes, leading to a 31% increase in profit after tax to Rs. 597 million. This growth was primarily driven by higher dividend income from its subsidiary, International Steels Limited (ISL), and consistent operating performance. Earnings Per Share (EPS) also increased significantly to Rs. 4.53, compared to Rs. 3.44 in the same period last year.

Signal: BUY 📈
Strength: 8/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🚀 Revenue from contracts with customers increased to Rs. 7,302.232 million, a notable rise from Rs. 5,289.464 million in the same period last year.
  • 💰 Profit after tax rose significantly to Rs. 597.196 million, marking a 31% increase compared to Rs. 453.950 million in the prior year.
  • 📈 Earnings per share (EPS) improved to Rs. 4.53, up from Rs. 3.44 in the corresponding period of the previous year.
  • 📊 Gross profit increased to Rs. 914.310 million from Rs. 522.506 million, indicating improved operational efficiency.
  • 🌱 The primary subsidiary, International Steels Limited (ISL), reported a YTD profit after tax of Rs. 620.342 million, a substantial increase from Rs. 179.428 million last year.
  • 🌐 The company achieved double-digit growth in sales volumes across major product lines, reflecting strong market presence.
  • 💵 Other income decreased to Rs. 608.768 million from Rs. 844.194 million, impacted by changes in dividend income from ISL.
  • 📉 Finance costs decreased to Rs. 142.169 million, down from Rs. 230.480 million in the previous year.
  • 💼 Operating profit increased significantly to Rs. 379.946 million, compared to Rs. 100.958 million in the prior year.
  • ✔️ The national economy is stabilizing, supported by IMF programs, with real GDP projected to rise to 3.6% in FY 2025-26.
  • 🌱 Stock-in-trade increased to Rs. 9,920.710 million from Rs. 7,933.437 million, showing increased activity.
  • ✔️ Total assets increased to Rs. 33,322.112 million from Rs. 29,919.042 million, reflecting overall growth in the company’s financial position.
  • ✔️ Equity attributable to owners of the Holding Company increased to Rs. 19,728.389 million as of September 30, 2025.
  • ✔️ The company’s management expresses optimism for the remainder of the fiscal year, focusing on market share, operational excellence, and value creation.

🎯 Investment Thesis

Based on the strong Q1 2026 results, I recommend a BUY rating for INIL. The company’s robust revenue growth, improved profitability, and strong performance of its subsidiary, ISL, make it an attractive investment. The target price is Rs. 250, with a time horizon of 12 months. This recommendation is based on the expectation that INIL will continue to benefit from infrastructure spending, stable macroeconomic conditions, and its focus on market share and operational efficiency.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 HINOON: BUY Signal (7/10) – Financial Results for the Quarter Ended 30.09.2025

⚡ Flash Summary

Highnoon Laboratories Limited’s (HINOON) unconsolidated financial results for the quarter ended September 30, 2025, show positive revenue growth and profitability. Revenue from contracts with customers increased to PKR 18.61 billion from PKR 16.96 billion in the same period last year. Profit after tax for the period also increased to PKR 2.63 billion compared to PKR 2.36 billion in the prior year, driven by effective cost management and increased operational efficiency. The company’s earnings per share (EPS) grew to PKR 49.61 compared to PKR 44.54, highlighting enhanced shareholder value.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🚀 Revenue from contracts with customers grew by 9.78%, reaching PKR 18.61 billion compared to PKR 16.96 billion in 2024.
  • 💰 Gross profit increased by 22.21%, from PKR 8.38 billion in 2024 to PKR 10.24 billion in 2025.
  • 📈 Profit from operations rose by 24.17%, from PKR 3.12 billion to PKR 3.88 billion.
  • 💸 Other income increased marginally by 1.78%, from PKR 326.80 million to PKR 332.61 million.
  • 📉 Finance costs decreased significantly by 45.79%, from PKR 169.05 million to PKR 91.13 million.
  • ✅ Profit before income tax increased by 25.57%, from PKR 3.27 billion to PKR 4.12 billion.
  • 🧾 Taxation expenses increased by 63.68%, from PKR 912.21 million to PKR 1.49 billion.
  • 🌟 Profit after tax for the period rose by 11.37%, from PKR 2.36 billion to PKR 2.63 billion.
  • ✔️ Basic and diluted earnings per share (EPS) increased by 11.38%, from PKR 44.54 to PKR 49.61.
  • Balance sheet shows an increase in total assets from PKR 16.06 billion in Dec 2024 to PKR 16.97 billion in Sept 2025
  • Equity increased to PKR 11.73 billion compared to PKR 11.22 billion at the end of the prior year
  • No cash or bonus dividends have been announced

🎯 Investment Thesis

Highnoon Laboratories presents a BUY opportunity due to its strong financial performance, consistent growth, and effective cost management. The company’s increased revenue, improved profitability, and enhanced earnings per share make it an attractive investment. With a positive outlook for the pharmaceutical sector in Pakistan, HINOON is well-positioned to continue its growth trajectory.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 SITC: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30.09.2025

⚡ Flash Summary

Sitara Chemical Industries Limited (SCIL) reported a 4.09% increase in net sales, reaching PKR 7,918 million for the first quarter of 2025-26, compared to PKR 7,607 million in the same period last year. Gross profit increased by PKR 206 million to PKR 1,378 million. The improvement in gross margin was driven by lower electricity costs and a decrease in international coal prices. Consequently, SCIL achieved a profit after tax of PKR 349 million, significantly higher than the PKR 155 million in the corresponding quarter of the previous year, resulting in an EPS of PKR 16.29 compared to PKR 7.25.

Signal: BUY 📈
Strength: 8/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🚀 Net sales increased by 4.09% to PKR 7,918 million compared to PKR 7,607 million in the previous year.
  • 💰 Gross profit rose by PKR 206 million, reaching PKR 1,378 million.
  • ⚡️ Improved gross margin due to lower electricity costs and reduced international coal prices.
  • 📉 Financial expenses decreased to PKR 349 million from PKR 608 million due to lower borrowing rates.
  • 🧵 Stable textile segment performance with consistent yarn and fabric sales.
  • 📈 Profit after tax surged to PKR 349 million from PKR 155 million.
  • ⭐ Earnings Per Share (EPS) increased significantly to PKR 16.29 from PKR 7.25.
  • 🏭 New 50 MW coal-fired power plant commissioning is underway.
  • 🏦 Expectation of a favorable business outlook due to reduced energy costs and stable monetary policy.
  • ⚠️ Potential risk of food inflation due to recent flooding may pressure macroeconomic growth.
  • 🌱 The company is Shariah Compliant Company certified by SECP.
  • 🤝 Board acknowledges shareholders, customers, suppliers, financial institutions, and employees.

🎯 Investment Thesis

Considering the improved financial performance, especially the substantial increase in EPS and profit after tax, alongside a stable textile segment and reduced financial expenses, a BUY signal is warranted. The forthcoming commissioning of the new power plant could further reduce energy costs and boost profitability. Target price can be estimated after a full financial report. The time horizon is MEDIUM_TERM as the benefits of new power plant and stable monetary policy are expected to materialize over the coming quarters.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 PKGS: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30 September 2025

⚡ Flash Summary

Packages Limited reported an increase in dividend income from group companies, rising to Rs 3,820 million for the nine months ended September 30, 2025, compared to Rs 2,932 million in the prior year. This growth is attributed to higher dividends from Hoechst Pakistan Limited, Packages Convertors Limited, Packages Real Estate (Private) Limited, and Nestle Pakistan Limited. Despite an increase in borrowings by Rs 6.3 billion for investments in group companies, finance costs decreased by 14% due to reduced interest rates. As a result, earnings for the period increased by 84% to Rs 2,367 million from Rs 1,284 million in the corresponding period of 2024, showcasing substantial growth.

Signal: BUY 📈
Strength: 8/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 💰 Dividend income surged to Rs 3,820 million, a notable increase from Rs 2,932 million in 2024.
  • 📈 Earnings for the period rose impressively by 84% to Rs 2,367 million, up from Rs 1,284 million in 2024.
  • 💸 Finance costs saw a 14% decrease, despite a Rs 6.3 billion increase in borrowings.
  • ⬆️ Basic earnings per share jumped to PKR 26.48, compared to PKR 13.65 in 2024.
  • 🏢 Profit from operations increased to Rs 3,801 million, from Rs 2,811 million in 2024.
  • 🏘️ Rental income increased to Rs 563 million, up from Rs 487 million in 2024.
  • 📉 General expenses slightly decreased to Rs (582) million, compared to Rs (608) million in 2024.
  • 🏦 Finance costs are at Rs (1,068) million, a decrease from Rs (1,245) million in 2024.
  • 🧾 Levy and income tax increased to Rs (366) million, up from Rs (282) million in 2024.
  • 📊 The company’s total equity grew to Rs 57,158.79 million, from Rs 55,218.54 million at the end of the previous year.
  • 💼 Long-term investments increased to Rs 63,023.93 million, from Rs 59,630.41 million at the end of the previous year.
  • 💸 Net cash inflow from operating activities was Rs 2,455.44 million, similar to Rs 2,445.04 million in 2024.
  • 🏢 Current assets increased to Rs 4,796.76 million, from Rs 3,950.41 million at the end of the previous year.
  • 🏦 Dividend income increased to Rs 1,499 million, from Rs 1,053 million in 2024, July – September.

🎯 Investment Thesis

BUY: Packages Limited is exhibiting strong financial performance with significant growth in dividend income and earnings. The reduction in finance costs and strategic investments in subsidiaries contribute to a positive outlook. The company’s focus on efficient operations and diversified portfolio positions it well for future growth. Based on the financial results and outlook, the price target could be 300 to 320 PKR.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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