GEMBLUEX

⚡ Flash Summary

Blue-EX Limited (BLX), formerly Universal Network Systems Limited, presented its Corporate Briefing for 2025. The company, incorporated in 2005, shifted its focus to e-commerce logistics in 2011 and has since become the first listed courier company on the Pakistan Stock Exchange. BLX’s financials show a slight decrease in consolidated sales but growth in gross profit and net income. The presentation highlights the company’s journey, group structure, key partnerships, and industry overview, emphasizing the growth potential in Pakistan’s e-commerce market.

📌 Key Takeaways

• Established in 2005 as a Domestic Cargo Consolidator.
• Shifted focus to E-Commerce Logistics in 2011 with first COD shipment in Pakistan. 📦
• Introduced Online Booking System in 2011. 💻
• Became the industry standard for E-Commerce Logistics in Pakistan. 🏆
• First IATA certified courier company in Pakistan. ✈️
• First listed company on Pakistan Stock Exchange in its category. 🇵🇰
• Consolidated Sales decreased slightly by -0.77% from FY24 to FY25. 📉
• Consolidated Gross Profit increased by 16.82% from FY24 to FY25. 📈
• Consolidated EBITDA increased by 19.66% from FY24 to FY25. 💪
• Consolidated Net Income increased by 15.69% from FY24 to FY25. 💰
• Unconsolidated Sales decreased by -1.98% from FY24 to FY25.
• Unconsolidated Gross Profit increased by 17.32% from FY24 to FY25.
• Unconsolidated EBITDA increased by 15.68% from FY24 to FY25.
• Unconsolidated Net Income increased by 18.6% from FY24 to FY25.
• Pakistan’s eCommerce market projected to reach US$4.74bn in 2025. 🚀

🎯 Investment Thesis

Based on the limited information, a HOLD recommendation is appropriate. While the company shows improvements in profitability metrics, the decrease in sales raises concerns about its competitive positioning and market share. Further investigation into the company’s growth strategy, cost management, and competitive landscape is needed before making a BUY or SELL decision.

⚡ Flash Summary

Blue-Ex Limited will hold a Corporate Briefing Session (CBS) on November 26, 2025, at 4:30 pm via video link. The session will cover the company’s annual audited financial statements for the year ended June 30, 2025. Senior management will brief investors and analysts on the company’s financial performance and future outlook. Interested participants are requested to confirm their attendance by November 25, 2025, by emailing salman.majeed@blue-ex.com.

📌 Key Takeaways

• 🗓️ Corporate Briefing Session (CBS) scheduled for November 26, 2025.
• ⏰ Session will be held at 4:30 pm via video link.
• 🏢 Blue-Ex Limited to present annual audited financial statements.
• 📅 Financial statements cover the year ended June 30, 2025.
• 🗣️ Senior Management will brief investors and analysts.
• 📊 Discussion on financial performance and future outlook.
• 📧 Meeting invitation to be shared via email.
• 🤝 Participants requested to confirm attendance by November 25, 2025.
• 📝 Registration via email to salman.majeed@blue-ex.com.
• 🏷️ Subject line: “Registration for Corporate Briefing Session 2025”.
• 📍 Company is Blue-Ex Limited (formerly Universal Network Systems Limited).
• 🏢 Head Office located in Karachi.
• 🏢 Regional offices in Lahore and Rawalpindi.

🎯 Investment Thesis

Given the lack of concrete financial data, a HOLD recommendation is appropriate. A more informed decision can be made after the Corporate Briefing Session on November 26, 2025, where the company’s financial performance and future outlook will be discussed. Current price target is to be determined (TBD) with a medium-term horizon pending further information from the CBS.

⚡ Flash Summary

GEMBLUEX announced: Board Meeting for Qtr ended Sep 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• GEMBLUEX made announcement: Board Meeting for Qtr ended Sep 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 GEMBLUEX. Manual verification required.

⚡ Flash Summary

Blue-Ex Limited held its Annual General Meeting (AGM) on October 28, 2025. Resolutions were passed including the adoption of the audited unconsolidated and consolidated financial statements for the year ended June 30, 2025. Additionally, Crowe Hussain Choudhury & Co. Chartered Accountants were re-appointed as auditors for the year ending June 30, 2026.

📌 Key Takeaways

• ✅ AGM held on October 28, 2025.
• 📜 Audited financial statements for the year ending June 30, 2025, were adopted.
• 💼 Consolidated financial statements approved.
• 🔍 Unconsolidated financial statements approved.
• 👨‍💼 Directors’ review reports were considered.
• 🧑‍⚖️ Chairman’s review reports were considered.
• 🏢 Crowe Hussain Choudhury & Co. re-appointed as auditors.
• 🗓️ Auditor appointment for the year ending June 30, 2026.
• 🤝 Auditor fees to be mutually agreed upon.

🎯 Investment Thesis

The announcement does not provide enough information to make a definitive investment recommendation. HOLD based on no significant changes or insights.

⚡ Flash Summary

Blue-EX Limited’s unaudited consolidated financial results for the quarter ended September 30, 2025, reveal mixed performance. Revenue increased year-over-year, but profitability metrics show a slight decline. Earnings per share (EPS) increased from 0.56 to 0.64. The company’s cash flow from operations has substantially increased. It is important to note that the long-term debt and lease liabilities have decreased compared to last quarter.

📌 Key Takeaways

• ⬆️ Revenue increased to PKR 336.83 million, up from PKR 290.41 million in the same quarter last year.
• ⬆️ Courier and allied services revenue reached PKR 249.47 million (2024: PKR 187.80 million)
• ⬇️ International freight revenue decreased to PKR 70.84 million (2024: PKR 81.09 million).
• ⬆️ Commission income decreased to PKR 16.51 million (2024: PKR 21.52 million).
• ⬆️ Cost of sales increased to PKR 206.14 million (2024: PKR 166.76 million).
• ⬆️ Gross profit increased to PKR 130.69 million (2024: PKR 123.66 million).
• ⬇️ General and administrative expenses increased to PKR 95.62 million (2024: PKR 89.42 million).
• ⬇️ Marketing and selling expenses decreased to PKR 4.03 million (2024: PKR 6.04 million).
• ⬆️ Operating profit increased to PKR 29.33 million (2024: PKR 28.19 million).
• ⬇️ Finance costs increased to PKR 10.34 million (2024: PKR 10.92 million).
• ⬆️ Profit before tax increased to PKR 18.50 million (2024: PKR 19.61 million).
• ⬆️ Taxation decreased to PKR 1.04 million (2024: PKR 4.37 million).
• ⬆️ Profit after tax increased to PKR 17.46 million (2024: PKR 15.25 million).
• ⬆️ Basic and diluted earnings per share (EPS) increased to PKR 0.64 (2024: PKR 0.56).

🎯 Investment Thesis

HOLD. Blue-EX Limited shows moderate growth in revenue and earnings. While EPS has improved, some operational expenses increased. Given the current performance, holding the stock seems appropriate. A more concrete BUY or SELL recommendation will depend on further operational improvements.

⚡ Flash Summary

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

📌 Key Takeaways

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

⚡ Flash Summary

GEMBLUEX announced: Transmission of Annual Report for the year ended June 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• GEMBLUEX made announcement: Transmission of Annual Report for the year ended June 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 GEMBLUEX. Manual verification required.

⚡ Flash Summary

GEMBLUEX announced: Change of Company Secretary. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• GEMBLUEX made announcement: Change of Company Secretary
• 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 GEMBLUEX. Manual verification required.

⚡ Flash Summary

Blue-Ex Limited will hold its Annual General Meeting (AGM) on Tuesday, October 28, 2025, at 4:30 p.m. in Karachi. The meeting will cover the adoption of financial statements for the year ended June 30, 2025, the appointment of auditors, and other general business. Shareholders are encouraged to attend via video conferencing, and the company has uploaded financial statements to its website. The share transfer book will be closed from October 22 to October 28, 2025.

📌 Key Takeaways

• 📅 AGM scheduled for Tuesday, October 28, 2025, at 4:30 p.m. in Karachi.
• 🏢 Registered office is the venue; video link facility is also available for attendance.
• ✅ Adoption of audited unconsolidated and consolidated financial statements for the year ended June 30, 2025, is on the agenda.
• 👨‍💼 Auditors’ appointment and remuneration are also up for consideration.
• 🌐 Financial statements are available for download on the company’s website: https://www.blue-ex.com/corporate/financial-report.
• 🤝 M/s. Crowe Hussain Chaudhury & Co. recommended for reappointment as statutory auditors for the year ending June 30, 2026.
• 🛑 Share transfer book will be closed from Wednesday, October 22, 2025, to Tuesday, October 28, 2025.
• ✉️ Members can appoint proxies to attend and vote on their behalf; proxies must be received 48 hours before the meeting.
• 🆔 Members with shares in CDC need to bring their original CNIC and account details.
• 🖥️ Video-conferencing facility is available; registration required via email.
• 🗳️ Members can vote through postal ballot for director elections and other agenda items.
• 📝 Shareholders yet to provide CNIC are advised to submit attested copies.
• 📧 Shareholders can request to receive the Annual Report and AGM Notice by email.
• 🏦 Electronic dividend mandate is mandatory; shareholders should provide bank account details.

🎯 Investment Thesis

Given the lack of financial data, a neutral HOLD rating is appropriate. More information is needed before determining whether to BUY or SELL. A thorough review of the company’s financials for the year ended June 30, 2025, is essential. The rating could change once the company’s performance is evaluated.