SUHJ

⚡ Flash Summary

Suhail Jute Mills Limited reported a net loss after taxation of PKR 15.238 million (loss of PKR 3.52 per share) for the quarter ended September 30, 2025, compared to a loss of PKR 14.257 million (loss of PKR 3.29 per share) for the same period last year. The company attributes these losses to its non-operational status. Management is focused on disposing of surplus assets to settle liabilities and improve working capital, but efforts to attract investors have been unsuccessful due to the adverse security and political environment. The company is currently not in a position to commence commercial production due to a lack of working capital, and it depends on the principal shareholders for financial support. Given the losses, there will be no payout this period.

📌 Key Takeaways

• 📉 Net loss after taxation: PKR 15.238 million for Q3 2025.
• 📉 Loss per share: PKR 3.52 for Q3 2025.
• ⬆️ Prior year’s net loss: PKR 14.257 million for Q3 2024.
• ⬆️ Prior year’s loss per share: PKR 3.29 for Q3 2024.
• 🚫 Company remains non-operational, contributing to losses.
• 💼 Incurring administrative expenses to manage assets.
• 💰 Lack of working capital prevents commercial production.
• 🤝 Principal shareholders continue to provide financial support.
• 🏢 Identified surplus assets for disposal to pay off bank liabilities.
• 🚧 Efforts to attract investors unsuccessful due to security and political environment.
• ⚠️ No recommendations for payouts due to extraordinary losses.
• 🏦 Trade and other payables increased from PKR 255.438 million to PKR 258.946 million.
• 💸 Cash and bank balances increased significantly from PKR 1.446 million to PKR 2.948 million.

🎯 Investment Thesis

Given the current financial performance, non-operational status, and high risks, a SELL recommendation is warranted. There is no clear path to profitability in the short term, and the company faces significant challenges in resuming operations and attracting investors. The price target is near zero, reflecting the company’s current state and uncertain future. Time horizon is short term, as the situation is unlikely to improve significantly in the near future.

⚡ Flash Summary

SUHJ (Suhail Jute Mills Limited) has reported financial results for the year ended June 30, 2025. The company experienced no sales or cost of sales, resulting in zero gross profit. Consequently, the company reported a loss before and after taxation of PKR 55,134,581. The loss per share stood at PKR 12.72 for the year, compared to a loss of PKR 15.01 in the previous year.

📌 Key Takeaways

• ❌ No Sales: The company recorded zero sales for the year ended 30.06.2025.
• 📉 Loss Before Taxation: A loss before taxation of PKR 55,134,581 was reported.
• 📉 Loss After Taxation: The company’s loss after taxation also stood at PKR 55,134,581.
• 🔻Administrative Expenses: Administrative expenses amounted to PKR 52,496,831, a decrease from PKR 56,548,528 in 2024.
• 🔻Finance Cost: Finance costs were PKR 2,637,750, slightly higher than PKR 2,632,390 in 2024.
• 📉 Loss Per Share: The loss per share was PKR 12.72, an improvement from PKR 15.01 in the previous year.
• 🚫 Cost of Sales: Cost of sales remained at zero, consistent with the previous year.
• 🚫 Gross Loss: There was no gross loss reported, corresponding to zero sales.
• ➖ Other Operating Expenses: No other operating expenses were recorded.
• ⚠️ Consistent Losses: The company has consistently reported losses, indicating potential operational challenges.
• 📉 Improved EPS: Despite the losses, the loss per share improved from PKR 15.01 to PKR 12.72.
• 🏛️ Expense Management: Administrative expenses saw a reduction, indicating cost-saving measures.

🎯 Investment Thesis

Given the absence of revenue, ongoing losses, and significant operational risks, a SELL recommendation is warranted for SUHJ. The company’s inability to generate sales raises serious concerns about its viability. Without a clear turnaround plan and evidence of revenue generation, the investment carries substantial risk. A price target cannot be reliably established due to the lack of financial activity. Time horizon: Short to medium term, as the company’s financial health remains precarious.