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📉 KOHC: SELL Signal (7/10) – Financial Results for the Quarter Ended 30-09-2025

⚡ Flash Summary

Kohat Cement Company Limited (KOHC) has announced its financial results for the quarter ended September 30, 2025. The company reported a decrease in profit after taxation from PKR 3,438.86 million in 2024 to PKR 2,944.01 million in 2025. Earnings per share also decreased from PKR 3.51 to PKR 3.20. No cash dividend, bonus shares, or right shares were recommended by the board.

Signal: SELL 📉
Strength: 7/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • 📉 Profit after taxation decreased by 14.39% from PKR 3,438.86 million to PKR 2,944.01 million.
  • 📉 Earnings per share (EPS) declined by 8.83% from PKR 3.51 to PKR 3.20.
  • 🚫 No cash dividend was declared for the quarter ended September 30, 2025.
  • 🚫 No bonus shares were announced.
  • 🚫 No right shares were issued.
  • 📉 Sales increased marginally by 2.02% from PKR 10,083.70 million to PKR 10,287.38 million.
  • ⬆️ Cost of sales increased significantly by 17.84% from PKR 5,770.15 million to PKR 6,799.58 million.
  • Gross profit decreased by 19.14% from PKR 4,313.55 million to PKR 3,487.80 million.
  • ⬇️ Finance cost decreased significantly by 65.73% from PKR 115.62 million to PKR 39.62 million.
  • ⬆️ Other income remained relatively stable, increasing slightly from PKR 1,470.64 million to PKR 1,467.20 million.
  • ⚠️ The company did not announce any other price-sensitive information.
  • ❌ No other entitlement or corporate action was recommended.

🎯 Investment Thesis

SELL. The declining profitability and EPS, coupled with increasing costs, raise concerns about the company’s future performance. While the revenue growth is positive, it is not enough to offset the rising expenses. Given these factors, I recommend a sell position. Price target: PKR 45, Time horizon: 6 months. This is based on the decrease in EPS and current profitability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ SLYT: HOLD Signal (4/10) – Financial Results for the Quarter Ended 30-09-2025

⚡ Flash Summary

Sally Textile Mills Limited reported a net loss of PKR 8.447 million for the quarter ended September 30, 2025, compared to a loss of PKR 8.783 million in the same quarter last year. The company’s operating loss also decreased slightly from PKR 8.783 million to PKR 8.447 million. There were no cash dividends, bonus shares, or right shares declared for the period. The company’s accumulated loss increased to PKR 1,651.730 million, impacting its overall equity.

Signal: HOLD ⏸️
Strength: 4/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📉 Net loss decreased slightly to PKR 8.447 million in Q1 2025 from PKR 8.783 million in Q1 2024.
  • ⚠️ Loss per share remained almost the same at (0.96) in Q1 2025 compared to (1.00) in Q1 2024.
  • 🚫 No cash dividend was declared for the quarter ended September 30, 2025.
  • ❌ No bonus shares were announced for the period.
  • ❌ No right shares were issued during the quarter.
  • ➡️ Turnover (net) and Cost of sales were (PKR 7,212) in Q1 2025 vs (PKR 7,567) in Q1 2024.
  • ➡️ Operating loss decreased slightly to PKR (8.447) million from PKR (8.783) million.
  • ➡️ Loss before taxation stood at PKR (8.447) million, a minor decrease from PKR (8.783) million year-over-year.
  • ➡️ Total Assets decreased from PKR 1,467.052 million to PKR 1,460.013 million.
  • ➡️ Accumulated loss increased from PKR (1,643.283) million to PKR (1,651.730) million.
  • ➡️ Cash and bank balances remained constant at PKR 2.629 million.

🎯 Investment Thesis

Given the continuing losses, negative equity, and challenging financial position, a HOLD recommendation is appropriate. A turnaround is not yet evident, and significant improvements in profitability and operations are needed. Without a demonstrated path to profitability, a BUY recommendation is not warranted. A SELL recommendation could be considered should operations further worsen. Investors should closely monitor the company’s financial performance and operational improvements.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 ORM: SELL Signal (7/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Orient Rental Modaraba (ORM) reported its financial results for the quarter ended September 30, 2025. The company did not declare any cash dividend, bonus shares, or right shares. The Modaraba’s financial results are detailed in Annexure ‘A’. Profit for the period decreased from 50.34 million to 29.03 million. The company’s earnings per certificate also declined.

Signal: SELL 📉
Strength: 7/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • ❌ No cash dividend, bonus shares, or right shares were announced.
  • 📉 Profit for the quarter decreased to PKR 29.03 million compared to PKR 50.34 million in the same quarter last year.
  • 📉 Earnings per certificate (basic and diluted) declined to PKR 0.39 from PKR 0.67 year-over-year.
  • 📉 Ijarah rentals (net) decreased to PKR 322.63 million from PKR 351.29 million.
  • 📈 Operation and maintenance income (net) increased to PKR 288.40 million from PKR 237.20 million.
  • 🔻 Income from diminishing Musharaka financing was PKR 1.02 million, compared to 0 last year.
  • 🔻 Total income increased from PKR 588.49 million to PKR 612.05 million.
  • 🔺 Operating expenses increased to PKR 490.39 million from PKR 437.02 million.
  • 📉 Finance costs decreased to PKR 22.16 million from PKR 31.85 million.
  • 📉 Profit before levies and taxation decreased to PKR 77.76 million from PKR 94.89 million.
  • 🔺 Levies increased to PKR 16.03 million from PKR 9.33 million.
  • 🔻 Cash generated from operations decreased to PKR 46.04 million from PKR 7.79 million.
  • 🔻 Net cash used in operating activities was PKR (64.19) million, compared to cash used of PKR (370.49) million last year.
  • 🔻 Repayment of diminishing Musharaka financing was PKR (22.18) million compared to repayment of PKR (28.15) million last year.

🎯 Investment Thesis

Based on the declining profitability and negative cash flow from operations, a SELL recommendation is warranted. The price target needs to be re-evaluated based on a full financial model, but a likely scenario is to expect further price depreciation in the short term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 ZTL: SELL Signal (7/10) – CBS PRESENTATION FOR THE YEAR ENDED JUNE 30, 2025

⚡ Flash Summary

Zephyr Textiles Limited (ZTL) reported a slight decrease in net sales, with PKR 8.28 billion compared to PKR 8.39 billion in 2024, a 1.36% decrease. Gross profit declined by 9.09% to PKR 815.17 million, impacted by elevated input costs. EBITDA also decreased by 11.83% to PKR 570.85 million due to increased operational expenses and cost pressures. Consequently, the company’s after-tax profit significantly dropped by 96.02%, leading to a substantial decline in Earnings Per Share (EPS) from PKR 0.77 to PKR 0.03.

Signal: SELL 📉
Strength: 7/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📉 Revenue declined slightly by 1.36%, from PKR 8.39 billion to PKR 8.28 billion.
  • ⚠️ Gross profit decreased by 9.09%, from PKR 896.67 million to PKR 815.17 million.
  • 💸 EBITDA dropped by 11.83%, from PKR 647.46 million to PKR 570.85 million.
  • ⬆️ Depreciation charges increased by 12.91%, from PKR 203.02 million to PKR 229.23 million.
  • ⬇️ Finance costs decreased by 10.82%, from PKR 293.00 million to PKR 261.30 million.
  • 📉 Profit before tax decreased significantly by 46.96%, from PKR 151.44 million to PKR 80.32 million.
  • 📉 Net profit after tax plummeted by 96.02%, from PKR 45.65 million to PKR 1.82 million.
  • 📉 Earnings Per Share (EPS) declined drastically from PKR 0.77 to PKR 0.03.
  • 😬 The company experienced a loss of PKR 12.644 million on the sale of looms, compared to a gain of PKR 97.48 million previously.
  • 🚧 Current ratio remained relatively stable at 0.97, slightly below 1.
  • 🌱 Management is focused on long-term strategic objectives and cost optimization.
  • Optimistic outlook for 2026 with focus on revenue growth and cost efficiency.

🎯 Investment Thesis

Given the significant decline in profitability and challenging market conditions, a SELL recommendation is warranted. The company needs to demonstrate a turnaround in its operational efficiency and revenue growth. Price target to be re-evaluated once there is evidence of improved financial performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 MACFL: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Macpac Films Limited (MACFL) reported a loss of PKR 19.34 million for the quarter ended September 30, 2025, compared to a profit of PKR 7.45 million in the same period last year. Revenue decreased by 6.96% year-over-year to PKR 1,372.42 million. The loss per share (LPS) was PKR 0.33, versus earnings per share (EPS) of PKR 0.13 in the prior year. No cash dividend, bonus shares, or right shares were recommended by the board.

Signal: SELL 📉
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • 📉 MACFL reported a loss after tax of PKR 19.34 million for Q3 2025, a significant downturn from a profit of PKR 7.45 million in Q3 2024.
  • Revenue from contracts with customers decreased by 6.96% to PKR 1,372.42 million from PKR 1,475.07 million year-over-year.
  • 🚫 The company’s earnings per share (EPS) turned negative, reporting a loss per share (LPS) of PKR 0.33 compared to an EPS of PKR 0.13 in the corresponding quarter of the previous year.
  • Gross profit increased by 4.27% to PKR 176.12 million from PKR 168.90 million year-over-year.
  • Operating profit declined significantly by 43.09% to PKR 21.46 million from PKR 37.70 million.
  • Finance costs increased by 20.06% to PKR 31.87 million from PKR 26.54 million.
  • Other income increased to PKR 8.22 million from PKR 6.35 million.
  • Administrative expenses increased by 28.56% to PKR 100.76 million from PKR 78.38 million.
  • Marketing and distribution expenses increased to PKR 49.37 million from PKR 45.88 million.
  • No cash dividend was declared for the quarter ended September 30, 2025.
  • 💰 Cash and bank balances decreased to PKR 57.53 million as of September 30, 2025, compared to PKR 65.09 million as of June 30, 2025.
  • ⚠️ The company experienced net cash outflow from operating activities of PKR 77.10 million, compared to an inflow of PKR 7.22 million in the same period last year.
  • ❌ No bonus or right shares were announced.
  • Total assets decreased slightly to PKR 5,262.42 million from PKR 5,268.98 million since June 30, 2025.

🎯 Investment Thesis

Given the company’s current financial performance, including declining revenues, a shift to a loss, increasing finance costs, and negative cash flow, a SELL recommendation is warranted. The company’s operational inefficiencies and increasing expenses raise concerns about its long-term sustainability. The lack of dividend announcement further indicates financial constraints. The price target will be calculated when there is a clear picture with more stable financials.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 GAMON: SELL Signal (8/10) – Financial Results Q1 – 2026 Ended September 30, 2025

⚡ Flash Summary

GAMMON Pakistan Limited’s unaudited financial results for Q1 2026 (ended September 30, 2025) reveal a challenging period. The company experienced a significant net contract loss of PKR 218,070 compared to no contract income in the same period last year. This, coupled with operating expenses, led to an operating loss of PKR 5,327,877. The company reported a loss after tax of PKR 5,649,083, translating to a negative earnings per share (EPS) of PKR (0.20).

Signal: SELL 📉
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • 📉 Net contract loss of PKR 218,070 compared to zero income in Q1 2025.
  • 📉 Operating loss of PKR 5,327,877 against an operating profit of PKR 1,807,029 in Q1 2025.
  • ⚠️ Loss after tax deepened to PKR 5,649,083 from a profit of PKR 1,333,920 in the corresponding period.
  • 🔻 Negative earnings per share (EPS) of PKR (0.20) compared to a positive EPS of PKR 0.05 in Q1 2025.
  • ❌ Total Assets decreased slightly from PKR 996,860,538 to PKR 991,122,637.
  • 🔻 Revenue reserve declined from PKR 376,040,627 to PKR 370,629,012.
  • 🔻 Accumulated profit decreased from PKR 376,040,627 to PKR 370,629,012.
  • 💰 Cash and bank balances decreased slightly from PKR 1,946,260 to PKR 1,835,851.
  • 🚧 Current liabilities remained relatively stable at around PKR 197 million.
  • 👍 Share capital remained unchanged at PKR 282,662,310.
  • 👍 Share premium reserve stayed constant at PKR 15,380,330.
  • 👍 Long-term investments held steady at PKR 189,340,000.
  • 👍 Long term security deposits remain stable at PKR 1,350,600

🎯 Investment Thesis

Based on the current financial performance, a SELL recommendation is warranted. The company’s transition to a net contract loss, coupled with increasing operating expenses and a significant loss after tax, indicates substantial challenges. The price target rationale is based on the expectation of continued losses and the absence of clear turnaround strategies. A price target revision would be necessary upon evidence of improved profitability and operational efficiency.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 CJPL: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Crescent Jute Products Limited (CJPL) reports a challenging quarter ending September 30, 2025, with a significant loss after taxation of PKR 1.475 million, although this is an improvement compared to the PKR 2.127 million loss in the same quarter last year. Revenue remains minimal at PKR 73,760, a stark contrast to the negative revenue of PKR 480,507 in the prior year, which may indicate some accounting adjustments. The company’s accumulated loss has increased to PKR 478.122 million. Cash flow from operations remains negative, signaling continued liquidity pressures.

Signal: SELL 📉
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • 📉 CJPL’s Loss After Taxation: PKR 1.475 million (Q3 2025) vs. PKR 2.127 million (Q3 2024).
  • 📈 Revenue: PKR 73,760 in Q3 2025, a massive increase from negative PKR 480,507 in Q3 2024.
  • ⛔️ Accumulated Loss: Increased to PKR 478.122 million as of September 30, 2025.
  • 💸 Negative Operating Cash Flow: Indicates ongoing liquidity issues.
  • ⚠️ Total Equity: Negative PKR 204.854 million, highlighting severe financial distress.
  • 🏦 Current Assets: Significantly lower at PKR 771,592 compared to PKR 2.532 million as of June 30, 2025.
  • 💰 Bank Balances: Decreased drastically to PKR 39,646 from PKR 1.547 million, raising concerns about solvency.
  • 🚧 Operating Fixed Assets: Slightly decreased to PKR 1.603 million from PKR 1.640 million.
  • 🧾 Total Liabilities: Remain high at PKR 207.228 million.
  • Share premium remains unchanged at PKR 35.633 million.
  • Basic and diluted Loss Per Share improved to (0.06) from (0.09).
  • Cash used in operating activities increased from (31,867) to (1,503,275).

🎯 Investment Thesis

SELL. The company’s negative equity, minimal revenue, and dwindling cash reserves suggest a high probability of financial distress. Even with the reduced loss, the underlying financial health is deteriorating. Therefore, a sell recommendation is justified to avoid further capital erosion. The current situation makes any investment highly speculative with a low probability of positive returns.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 AWT-FUNDS: SELL Signal (8/10) – Financial Results for the quarter ended September 30, 2025

⚡ Flash Summary

The AWT Income Fund reports its financials for the quarter ended September 30, 2025. Net assets decreased from 1,908,100,000 to 1,805,105,000. The net income for the period after taxation decreased from 102,620,000 to 44,588,000. The number of units in issue also saw a decrease from 17,238,982 to 15,924,772.

Signal: SELL 📉
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📉 Net assets decreased by 5.4% from June 30, 2025, to September 30, 2025.
  • 💰 Total assets decreased from PKR 2,008,461,000 to PKR 1,856,418,000.
  • 📉 Total liabilities decreased significantly from PKR 100,361,000 to PKR 51,313,000.
  • 💸 Net income for the quarter decreased substantially from PKR 102,620,000 to PKR 44,588,000.
  • 📉 Earnings per unit decreased, reflecting lower profitability.
  • 📉 Number of units in issue decreased from 17,238,982 to 15,924,772.
  • 🔻 Net assets value per unit increased slightly from PKR 110.6851 to PKR 113.3520.
  • ⬇️ Cash and cash equivalents decreased from PKR 375,491,000 to PKR 250,401,000.
  • 📉 Mark-up income decreased from PKR 84,228,000 to PKR 52,250,000.
  • ⬇️ Total income decreased from PKR 111,339,000 to PKR 51,595,000.
  • 📈 Expenses decreased slightly from PKR 8,719,000 to PKR 7,007,000.

🎯 Investment Thesis

Based on the financial results for the quarter ended September 30, 2025, a SELL recommendation is warranted for AWT Income Fund. The significant decrease in net income, assets, and earnings per unit indicates a weakening financial position. The price target rationale is based on the expectation of continued underperformance given the current trends. The time horizon for this recommendation is medium-term, as the fund may take some time to stabilize or improve its performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ OLPL: HOLD Signal (6/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

OLP Financial Services Pakistan Limited announced its Q1 2025 financial results, revealing a mixed performance. While revenue increased, profitability declined due to higher expenses and provisions. The company’s balance sheet shows a healthy asset base, but cash flow from operations was negative. Despite challenges, OLP remains a key player in Pakistan’s financial sector.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 Total assets increased slightly from Rs 43.95 billion to Rs 44.94 billion.
  • 📉 Revenue increased to Rs 1.57 billion, up from Rs 1.89 billion in Q1 2024.
  • ⚠️ Profit before income taxes and levy decreased from Rs 574.29 million to Rs 517.65 million.
  • 📉 Earnings per share (EPS) decreased from Rs 1.81 to Rs 1.64.
  • ⚠️ Finance costs increased substantially from Rs 824.85 million to Rs 1.22 billion.
  • ❗️Cash flow from operating activities was negative at Rs (477.61) million, compared to negative Rs (581.44) million
  • ✅ Investments in finance leases decreased from Rs 1.19 billion to Rs (118.10) million.
  • ❗️Administrative and general expenses decreased from Rs 459.85 million to Rs 490.56 million.
  • ✅ Long-term finances increased from Rs 11.65 billion to Rs 11.64 billion.
  • ✅ Short-term investments decreased from Rs 2.34 billion to Rs 2.15 billion.
  • ❗️Total equity attributable to equity holders of the Holding Company increased from Rs 10.92 billion to Rs 11.20 billion.
  • ⚠️ Non-current liabilities increased from Rs 13.52 billion to Rs 14.12 billion.

🎯 Investment Thesis

Given the mixed financial performance, declining profitability, and negative cash flow, a HOLD recommendation is appropriate. While the company has a strong asset base, the current financial trends raise concerns about future performance. A price target of Rs 1.75 based on current EPS and a price-to-earnings multiple of 1.0 is suggested. The time horizon is medium-term (6-12 months), pending improvements in financial performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 LPL: SELL Signal (8/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE PERIOD ENDED 30-09-2025

⚡ Flash Summary

Lalpir Power Limited (LPL) reported a significant after-tax loss of PKR 829.583 million for the quarter ended September 30, 2025, a stark contrast to the profit of PKR 4,734.916 million in the same period last year. This decline is primarily attributed to the termination of the Power Purchase Agreement (PPA) and subsequent cost reduction measures undertaken by the company, including voluntary severance schemes. Despite the loss, LPL maintains a strong financial position with substantial investments in mutual funds and savings accounts, totaling PKR 11,286 million as of September 30, 2025. The company is exploring new avenues for income generation, including participation in the Competitive Trading Bilateral Contracts Market (CTBCM).

Signal: SELL 📉
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📉 After-tax loss of PKR 829.583 million for Q3 2025, a major drop from last year.
  • ❌ Loss per share of PKR 2.18 compared to earnings per share of PKR 12.47 last year.
  • ⚡ Revenue significantly decreased due to the PPA termination.
  • 💰 Company holds PKR 11,286 million in investments and saving accounts.
  • 💪 Financial position considered sound despite the PPA termination.
  • 🤝 Exploring CTBCM for future electricity sales.
  • 💼 Buy-back of up to 100 million ordinary shares proposed to enhance book value.
  • 🗓️ Buy-back period from November 27, 2025, to May 15, 2026.
  • ✂️ Cost reduction measures implemented, including VSS.
  • 🏭 Power plant maintained in preservation mode.
  • 💡 Seeking new income opportunities and business ventures.
  • 🔒 No remuneration to non-executive directors except meeting fees.
  • 💧 Legal dispute over canal water rates ongoing.

🎯 Investment Thesis

Given the significant financial losses, uncertainty about future revenue streams, I recommend a SELL rating. The loss of the PPA creates substantial questions about the company’s ability to generate consistent profits. A price target cannot be reasonably estimated at this time due to the lack of revenue visibility. The time horizon is medium to long-term, as the company needs time to secure new revenue streams and demonstrate sustainable profitability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

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