IMAGE

⚡ Flash Summary

IMAGE Pakistan Limited reported strong financial results for the year ended June 30, 2025. Revenue increased significantly, driving substantial growth in operating profit and profit after taxation. The company’s balance sheet shows increased equity and liabilities, reflecting growth and investment. Earnings per share also improved, indicating enhanced profitability for shareholders. These results suggest positive momentum for the company.

📌 Key Takeaways

• 📈 Revenue increased to Rs 4,595.03 million from Rs 3,972.54 million, a growth of 15.67% year-over-year.
• 💰 Gross profit rose to Rs 2,124.84 million from Rs 1,547.87 million, showcasing improved operational efficiency.
• Operating profit surged to Rs 1,130.34 million from Rs 603.68 million, a significant increase of 87.24%.
• 💸 Profit before taxation reached Rs 922.82 million, up from Rs 480.07 million, demonstrating strong profitability.
• ✅ Profit after taxation increased to Rs 759.47 million from Rs 398.91 million, reflecting a robust bottom-line performance.
• ⭐ Basic and diluted earnings per share (EPS) improved to Rs 3.30 from Rs 2.78.
• 🏦 Total equity increased to Rs 4,278.49 million from Rs 3,749.79 million.
• Liabilities increased, with current liabilities rising to Rs 1,608.50 million from Rs 1,092.78 million.
• 💸 Cash generated from operations was Rs 368.36 million, up from Rs 84.44 million.
• 🚧 Net cash generated from operating activities was Rs 231.69 million, compared to a loss of Rs 51.61 million in the previous year.
• ⬇️ Net cash used in investing activities totaled Rs 319.60 million, compared to Rs 589.14 million in the previous year.
• 💵 Net cash inflow from financing activities was Rs 59.24 million, down from Rs 717.34 million in the previous year.
• Authorized capital increased to Rs 5,000 million from Rs 3,000 million.

🎯 Investment Thesis

BUY. IMAGE Pakistan’s strong financial performance, including significant revenue and profit growth, makes it an attractive investment. The company’s enhanced operational efficiency and strategic financing activities suggest continued growth potential. A price target of Rs 4.00 based on a conservative P/E ratio of 12x FY26 EPS, with a time horizon of 12-18 months.