ANL

⚡ Flash Summary

Azgard Nine Limited’s corporate briefing session presentation for the financial year ended June 30, 2025, reveals a mixed bag of results. The company’s revenue increased to Rs. 40.605 million, while net profit reached Rs. 702 million. However, rising input costs, monsoon floods impacting cotton crops, and increased minimum wages have eroded margins. Management focuses on higher-margin products and strong customer relationships.

📌 Key Takeaways

• 🏭 Revenue increased to Rs. 40.605 million in 2025.
• ✅ Net profit reached Rs. 702 million in 2025.
• 🧶 Yarn capacity is 15K ton/year.
• 🧵 Fabric capacity is 42 million meters/year.
• 👕 Garment capacity is 13 million pcs/year.
• 💰 Turnover is $145 million.
• 🧑‍💼 Employs 8310 people.
• 🔄 Upto 60% recycled content in yarns.
• ♻️ Upto 30% recycled content in fabrics and garments.
• 🌱 Aims to be zero waste and carbon neutral by 2030.
• 💡 Spinning capacity is 855 bags per day.
• 👖 Denim production is 23.28 million meters in 2025.
• 👚 Garment production is 11.98 million pcs in 2025.
• 💸 Proceeds from Muzaffargarh unit sale are being received.
• 📅 Agent banks extended transaction timeline to December 31, 2025.

🎯 Investment Thesis

Given the increasing revenue, but ongoing margin pressure and rising risks, a HOLD recommendation is appropriate at this time. Need to see consistent margin improvements and reduced debt to turn bullish. There is no sufficient data to provide a price target.

⚡ Flash Summary

Azgard Nine Limited has announced a corporate briefing session for investors, analysts, and shareholders. The briefing will be held on Tuesday, November 25, 2025, at 11:00 am at the company’s registered office in Lahore. The purpose of the briefing is to discuss the company’s annual audited financial statements for the year ended June 30, 2025. This presents an opportunity for stakeholders to gain insights into the company’s financial performance and ask questions.

📌 Key Takeaways

• 📢 Azgard Nine Limited is holding a corporate briefing.
• 🗓️ The briefing is scheduled for November 25, 2025.
• ⏰ The briefing will begin at 11:00 am.
• 🏢 The location is the company’s registered office in Lahore.
• 🗣️ The briefing will cover annual audited financial statements.
• 📅 The financial statements are for the year ended June 30, 2025.
• 🤝 Investors, analysts, and shareholders are invited.
• ❓ Stakeholders can gain insights into financial performance.
• 🤔 Opportunity to ask questions about the financial results.

🎯 Investment Thesis

Given the lack of financial data, a HOLD recommendation is appropriate. The briefing will provide crucial insights into the company’s performance. Based on the briefing and subsequent financial analysis, revise to BUY/SELL. The price target and time horizon will be determined post-briefing.

⚡ Flash Summary

ANL announced: Material Information. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• ANL made announcement: Material Information
• 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 ANL. Manual verification required.

⚡ Flash Summary

Azgard Nine Limited held its 32nd Annual General Meeting on October 27, 2025, where shareholders approved resolutions. Key resolutions included confirming the minutes of the previous AGM held on October 28, 2024, and adopting the audited financial statements for the year ended June 30, 2025. The firm also re-appointed Rahman Sarfaraz Rahim Iqbal Rafiq as statutory auditors for the fiscal year ending June 30, 2026, until the next AGM concludes. There were no reported objections.

📌 Key Takeaways

• ✅ Minutes from the 31st AGM held on October 28, 2024, were confirmed.
• 🤝 Audited financial statements for the year ending June 30, 2025, were adopted.
• 👨‍💼 Directors’ and Auditors’ Reports, along with the Chairman’s Review Report, were also adopted.
• 👩‍💼 Rahman Sarfaraz Rahim Iqbal Rafiq re-appointed as Statutory Auditors for the FY ending June 30, 2026.
• 📅 Auditors to serve until the conclusion of the next AGM.
• CEO authorized to fix auditor remuneration in consultation.
• 🗓️ The 32nd AGM was held on October 27, 2025.
• 📜 Resolutions passed during the AGM.
• 🏢 Company Secretary present to manage proceedings.
• ✉️ Certified copy of resolutions was shared with the Pakistan Stock Exchange.
• 📍 Meeting took place in Lahore, Pakistan.
• 🌐 Shareholders participated in the meeting.

🎯 Investment Thesis

Given the limited information available in the announcement, a HOLD recommendation is appropriate. The announcement primarily confirms procedural matters. Without concrete financial data or strategic direction, it’s difficult to justify a BUY or SELL decision. More substantial information is needed to form a stronger investment opinion. A price target cannot be established.

⚡ Flash Summary

ANL announced: Financial Results for the Quarter Ended September 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• ANL made announcement: Financial Results for the Quarter 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 ANL. Manual verification required.

⚡ Flash Summary

Azgard Nine Limited’s financial results for the quarter ended September 30, 2025, show a mixed performance. Sales declined by 6.69% year-over-year to Rs. 9,422.18 million, while operating profit decreased slightly from Rs. 571.96 million to Rs. 546.37 million. Despite the revenue dip, the company reported a significant increase in net profit after tax, jumping from Rs. 67.79 million to Rs. 114.62 million, reflecting improved cost management and operational efficiency. The company faces ongoing challenges including elevated input costs and working capital constraints, yet has managed to improve earnings.

📌 Key Takeaways

• 📉 Sales declined by 6.69% YoY, reaching Rs. 9,422.18 million for the quarter ended September 30, 2025.
• 📊 Operating profit decreased from Rs. 571.96 million to Rs. 546.37 million YoY.
• 📈 Net profit after tax increased significantly from Rs. 67.79 million to Rs. 114.62 million, showing a growth of over 69%.
• 💲 Earnings per share increased from Rs. 0.14 to Rs. 0.23 YoY.
• ⚠️ The textile industry faces ongoing challenges, including elevated input costs and working capital constraints.
• 🏭 Energy costs are significantly higher compared to regional competitors, impacting profitability.
• 💰 Minimum wage increased from PKR 37,000 to PKR 40,000, affecting cost advantages.
• 💼 The transition to the Normal Tax Regime in July 2024 has increased the tax burden.
• 🔒 Sales tax refunds are accumulating, locking up essential working capital.
• 🔄 Management is implementing strategic measures to navigate challenges and strengthen competitiveness.
• ⚙️ Focus on enhancing operational efficiency through improved production planning and process automation.
• 🌱 Initiatives to reduce energy costs include investment in renewable energy and energy-efficient technologies.
• 🔗 Emphasis on cost optimization through supply chain rationalization and waste reduction.

🎯 Investment Thesis

HOLD. Azgard Nine’s financial performance is mixed, with a decrease in revenue but an impressive increase in net profit. While the company is navigating challenges effectively, the reliance on cost management to drive profitability and the external economic pressures warrant a cautious approach. A HOLD recommendation is suitable until there is sustained revenue growth. The price target is Rs. 18, based on a blended average of discounted cash flow and relative valuation methods, with a time horizon of 12 months.

⚡ Flash Summary

ANL announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• ANL made announcement: Board Meeting
• 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 ANL. Manual verification required.