NEGATIVE - FoxLogica

📉 MUBT: SELL Signal (8/10) – Financial Results for the Quarter Ended 30.09.2025

⚡ Flash Summary

MUBT has reported a loss for the quarter ended September 30, 2025, contrasting with a smaller loss in the same period last year. The company’s operating loss is primarily driven by administrative and general expenses. Despite a slight increase in other income, the company’s overall profitability has declined, leading to a negative EPS. The balance sheet shows a marginal decrease in shareholders’ equity compared to the previous quarter, while cash and bank balances have significantly decreased.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

❌ MUBT reported a net loss after taxation of PKR (985.434) million for the quarter ended September 30, 2025, compared to a loss of PKR (390.534) million in the same quarter last year.
📉 Loss per share (LPS) has worsened to PKR (0.18) compared to PKR (0.07) in the corresponding quarter of the previous year.
⚠️ Operating loss stood at PKR (3.231) million for the quarter ended September 30, 2025, unchanged from PKR (2.669) million in the same quarter last year.
⬆️ Other income increased slightly from PKR 2.532 million to PKR 2.496 million.
💸 Administrative and general expenses remained constant at PKR 3.231 million.
🏦 Cash and bank balances decreased significantly to PKR 350.875 million from PKR 1.198 million in June 2025.
📉 Total assets decreased marginally from PKR 275.153 million to PKR 274.447 million.
📉 Shareholder’s equity decreased from PKR 219.557 million to PKR 218.571 million.
⚠️ The company faces a substantial unappropriated loss of PKR (87.928) million.
✅ Surplus on revaluation of property is PKR 252.499 million.
👍 Long-term deposits remain stable at PKR 2.508 million.
📊 No sales/processing receipts reported for the quarter.
➖ No cost of goods sold reported for the quarter.

🎯 Investment Thesis

SELL. The company’s continued losses, decreasing cash reserves, and lack of revenue generation make it a risky investment. The absence of positive earnings and negative EPS do not provide a basis for a BUY or HOLD recommendation. Price target: Significantly lower than current levels, given the lack of profitability. Time horizon: Short to medium term, as the company needs to demonstrate significant improvements to justify a change in recommendation.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GSPM Signal: SELL

📉 GSPM: SELL Signal (8/10) – Transmission of Quarterely Accounts for the Period Ended 30.09.2025

⚡ Flash Summary

Gulshan Spinning Mills Limited reported a net loss of PKR 3.441 million for the quarter ended September 30, 2025, a significant increase from the loss of PKR 97,296 in the same quarter last year. The company’s financials indicate ongoing challenges as it navigates a Scheme of Arrangement to settle financial liabilities. With no sales reported for the period, the company’s ability to generate revenue remains a critical concern. The focus is now on implementing the Scheme of Arrangement and resolving pending litigation to restructure its operations and improve its financial position.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

⚠️ Net loss significantly increased to PKR 3.441 million compared to PKR 97,296 last year.
📉 No sales reported for the quarter ended September 30, 2025.
💼 Operating loss stood at PKR 3.440 million, indicating operational inefficiencies.
🏛️ Company is operating under a Scheme of Arrangement sanctioned by the Sindh High Court.
🏦 The Scheme aims to settle financial liabilities through the sale of charged assets.
⚖️ Pending litigation with financial institutions is expected to be withdrawn under the Scheme.
📉 Value of assets has depreciated considerably due to cessation of operations.
💰 Cash flow from operations is negative, at PKR (3.811) million.
💸 Negative earnings per share (EPS) of PKR (0.15).
🧾 Administrative expenses were PKR 3.445 million.
💸 Cash and bank balances decreased slightly from PKR 16.275 million to PKR 16.145 million.
liabilities of PKR 2.85 billion payable to banking companies under scheme of arrangement.

🎯 Investment Thesis

Given the current financial state and operational challenges, a SELL recommendation is warranted. The company’s lack of revenue, increasing losses, and dependence on a Scheme of Arrangement make it a high-risk investment with limited potential for near-term recovery. The focus on asset disposal rather than operational turnaround further reduces the attractiveness of the stock. There is no calculation as to price target.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GAMON Signal: SELL

📉 GAMON: SELL Signal (8/10) – Transmission of Quarterly Report (Q1 – 2026) for the Period Ended September 30, 2025

⚡ Flash Summary

GAMMON Pakistan Limited reported a challenging first quarter for 2026, with no contract revenue recorded. The company experienced a net contract loss of PKR 218,070, worsening from PKR 196,996 in the same period last year. The loss before taxation was PKR 5,549,083, compared to a profit of PKR 1,607,133 last year. Despite a reduction in taxation expenses, the company posted a loss after tax of PKR 5,649,083, a significant downturn from the profit of PKR 1,333,920 in the corresponding period of 2024.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

⛔️ No contract revenue was recorded during Q1 2026.
📉 Net contract loss increased to PKR 218,070 from PKR 196,996 YoY.
⚠️ Loss before taxation amounted to PKR 5,549,083, compared to a profit of PKR 1,607,133 last year.
💸 Taxation expenses decreased to PKR 100,000 from PKR 273,213 YoY.
❗️ Loss after tax was PKR 5,649,083, a sharp decline from the profit of PKR 1,333,920 last year.
🇵🇰 Economic environment in Pakistan remains difficult for the construction sector due to inflation and limited government spending.
🚧 Political and business climate uncertainty has slowed down private and public investment.
🔍 Management is actively pursuing available opportunities and focusing on improving operational efficiency.
💰 Partial recovery of outstanding receivables from the Maritime Technologies Complex (MTC) project achieved.
📑 Efforts continue for the settlement of remaining dues and final billing for the Old Bannu Road (OBR) project.
💼 The company is hopeful for a gradual revival of business activity with government concern over economic slowdown.
🎯 Focus remains on identifying and securing viable projects despite financial constraints.
🤝 The Board acknowledges the efforts of management, engineers, and employees, extending gratitude to bankers, clients, and suppliers.

🎯 Investment Thesis

Given the significant losses, lack of revenue, and challenging economic conditions, a SELL recommendation is warranted. The company’s turnaround is highly uncertain, and the current financial metrics do not support a positive investment outlook. Management’s efforts to improve operational efficiency and recover receivables are not yet translating into improved financial performance, making it a high-risk investment with limited potential for near-term gains. Price movement is estimated to decline.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements PASM Signal: SELL

📉 PASM: SELL Signal (8/10) – Financial Results for the Quarter Ended 30.09.2025

⚡ Flash Summary

Paramount Spinning Mills Limited reported a challenging first quarter ended September 30, 2025, with a significant loss. The company’s sales were nil, resulting in a gross loss. Administrative expenses and finance costs further contributed to a substantial loss from operations and after taxation. There were no dividends, bonus shares, or right shares recommended by the board.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales were NIL for the quarter ended September 30, 2025, compared to an unquantified amount in 2024.
⚠️ The company reported a gross loss, indicating production costs exceeded sales.
🏢 Administrative expenses were (PKR 1,842,650), a significant increase from (PKR 295,361) in 2024.
💰 Other income was PKR 10,189, substantially lower than PKR 510,243 in 2024.
💔 The loss from operations was (PKR 1,832,461), compared to a profit of PKR 214,882 in 2024.
💸 Finance costs decreased slightly to (PKR 1,021) from (PKR 1,972) in 2024.
⛔️ The loss before taxation was (PKR 1,833,482), compared to a profit of PKR 212,910 in 2024.
📉 Loss after taxation was (PKR 1,833,482), compared to a profit of PKR 212,910 in the same quarter last year.
📉 Earnings per share (basic and diluted) were (PKR 0.11), a decrease from PKR 0.01 in 2024.
🚫 No cash dividend, bonus shares, or right shares were recommended.
🏦 Cash and bank balances decreased to PKR 4,508,360 from PKR 8,381,717 since June 30, 2025.
负 Accumulated losses increased to (PKR 1,375,512,682) from (PKR 1,373,679,200) since June 30, 2025.
⚠️ Total assets decreased to PKR 23,097,706 from PKR 26,009,026 since June 30, 2025.

🎯 Investment Thesis

Given the severe financial losses, lack of revenue, and increasing accumulated losses, a SELL recommendation is warranted. The company faces significant challenges in its operations and financial management. There is no clear indication of a turnaround strategy, and the current financial condition suggests a high probability of further deterioration. A price target cannot be reasonably established due to the lack of positive financial performance, the time horizon is short term.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements PASM Signal: SELL

📉 PASM: SELL Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30.09.2025

⚡ Flash Summary

Paramount Spinning Mills Limited reported a loss of PKR 1.833 million for the quarter ended September 30, 2025, compared to a profit of PKR 212,910 in the same period last year. The company’s operations have been realigned following the implementation of a scheme of arrangement under which all assets were sold. The Board remains focused on delivering commercial trading and other services to sustain the business. There were no sales or cost of sales during the period.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Loss after taxation stood at PKR 1.833 million for Q1 2025, a stark contrast to the PKR 212,910 profit in Q1 2024.
🚫 Zero sales reported for the quarter ended September 30, 2025, indicating a significant operational change.
🏢 Administrative expenses were PKR 1.843 million, a significant increase from PKR 295,361 in the prior year.
🏦 Finance costs decreased to PKR 1,021 from PKR 1,972 year over year.
💸 Cash used in operating activities amounted to PKR 2.223 million compared to cash generated of PKR 3.687 million in Q1 2024.
💼 A scheme of arrangement has been implemented, involving the sale of company assets by an asset sale committee.
🔄 Operations have been realigned to focus on commercial trading and other services.
📉 Accumulated loss increased from PKR 1.374 billion as of June 30, 2025 to PKR 1.376 billion as of September 30, 2025.
💰 Cash and bank balances decreased from PKR 8.382 million to PKR 4.508 million.
liabilities including loans from associates and other parties have decreased to PKR 578.545 million from PKR 580.195 million QoQ.
👍 The board acknowledges the efforts and commitment of its employees during this tough time.

🎯 Investment Thesis

Given the current financial performance and ongoing realignment, a SELL recommendation is warranted. The company’s transition phase is fraught with risks, and there is no clear evidence of a successful turnaround. Investors should avoid the stock until there is greater clarity on the company’s ability to generate sustainable revenue and profit from its realigned operations.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements CPPL Signal: SELL

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

⚡ Flash Summary

Cherat Packaging Limited’s financial results for the quarter ended September 30, 2025, reveal a mixed performance. Revenue increased slightly compared to the same period last year, but profitability declined significantly. The company reported a net profit of PKR 16.159 million, a sharp decrease from PKR 131.026 million in 2024. This decline was driven primarily by increased finance costs and reduced gross profit. The company declared no cash dividend, bonus shares, or right shares for the period.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

⬆️ Revenue increased slightly to PKR 3,368.463 million compared to PKR 3,223.026 million in Q3 2024.
📉 Net profit plummeted to PKR 16.159 million, a significant drop from PKR 131.026 million year-over-year.
⚠️ Earnings per share (EPS) declined drastically to Re. 0.33 from Rs. 2.67 in the same period last year.
📉 Gross profit margin decreased substantially from PKR 348.624 million to PKR 234.946 million.
⬆️ Finance costs surged to PKR 80.843 million, up from PKR 118.453 million, impacting profitability.
❌ No cash dividend was declared for the quarter.
📊 Operating profit decreased significantly from PKR 233.785 million to PKR 105.625 million.
📉 Profit before minimum tax and income tax decreased from PKR 115.332 million to PKR 24.782 million.
⚖️ Total Assets increased to PKR 16,610.451 million from PKR 15,623.282 million as of June 30, 2025.
💰 Cash generated from operations decreased to PKR 129.862 million from PKR 402.268 million.
💸 Net cash used in investing activities was PKR (148.447) million compared to PKR (66.941) million.
🏦 Long-term financing decreased to PKR 1,903.938 million from PKR 2,070.180 million as of June 30, 2025.
🧾 Trade and other payables increased to PKR 2,784.850 million from PKR 2,305.977 million as of June 30, 2025.

🎯 Investment Thesis

Based on the Q3 2025 results, a SELL recommendation is appropriate for Cherat Packaging. The significant decline in profitability, surge in finance costs, and drastic drop in EPS raise serious concerns about the company’s financial health and future performance. A price target of PKR 20.00 with a time horizon of 6 months is set, contingent on significant operational improvements and debt management. If the company does not return to profitability they should be re-evaluated for a stronger sell.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements IMAGE Signal: HOLD

⏸️ IMAGE: HOLD Signal (5/10) – Financial Results for the Quarter Ended 2025-09-30

⚡ Flash Summary

Image Pakistan Limited reported its financial results for the quarter ended September 30, 2025. The company’s consolidated revenue increased year-over-year, while profit after taxation decreased compared to the same period last year. Basic and diluted earnings per share also declined. The company’s statement of financial position shows an increase in total equity compared to June 30, 2025.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Revenue increased to PKR 1,012.92 million compared to PKR 951.16 million in the same quarter last year.
📉 Profit after taxation decreased to PKR 242.32 million from PKR 273.97 million year-over-year.
📉 Basic and diluted earnings per share declined to PKR 1.05 from PKR 1.19.
💰 Cash and bank balances increased significantly to PKR 339.76 million from PKR 97.06 million as of June 30, 2025.
⚖️ Total equity increased to PKR 4,520.27 million from PKR 4,278.90 million as of June 30, 2025.
📉 Cost of sales increased to PKR 507.86 million from PKR 432.97 million year-over-year.
🚧 Distribution and selling expenses decreased slightly to PKR 137.44 million from PKR 140.95 million year-over-year.
🏢 Administrative expenses decreased to PKR 65.33 million from PKR 74.28 million year-over-year.
💸 Finance cost increased significantly to PKR 49.98 million from PKR 18.03 million year-over-year.
🧾 Trade and other payables decreased from PKR 1,104.51 million to PKR 916.49 million.
🏦 Long term loan from associates and related parties increased to PKR 330.79 million from PKR 270.18 million as of June 30, 2025.
📉 Cash generated from operations increased substantially to PKR 371.34 million from PKR 18.83 million.
❌ Cash outflow from investing activities remains significant at PKR 14.18 million.
📉 Net cash outflow from financing activities is PKR 86.41 million for the quarter

🎯 Investment Thesis

Based on the mixed financial results, a HOLD recommendation is appropriate. The revenue increase is a positive sign, but the decrease in profit after taxation and EPS, along with the significant increase in finance costs, warrant caution. Further investigation is needed to understand the drivers behind these changes before making a definitive BUY or SELL decision. The price target and time horizon cannot be accurately determined without additional financial data and a deeper understanding of the company’s future prospects.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GEMPACRA Signal: SELL

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

⚡ Flash Summary

The Pakistan Credit Rating Agency Limited (PACRA) reported its unaudited financial results for the quarter ended September 30, 2025. The report indicates a decrease in revenue compared to the same period last year, alongside a drop in profit for the period. No cash dividend, bonus shares, or right shares were recommended by the board. Further analysis is needed to assess the implications of these results on PACRA’s financial health and future prospects.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue from contracts decreased to PKR 116.10 million in Q3 2025 from PKR 122.65 million in Q3 2024.
📉 Operating profit declined to PKR 35.61 million in Q3 2025 from PKR 44.61 million in Q3 2024.
📉 Profit for the period decreased to PKR 27.21 million in Q3 2025 from PKR 29.37 million in Q3 2024.
📉 Basic and diluted earnings per share (EPS) decreased to PKR 0.37 in Q3 2025 from PKR 0.39 in Q3 2024.
⚠️ No cash dividend was recommended for the quarter.
⚠️ No bonus shares were recommended for the quarter.
⚠️ No right shares were recommended for the quarter.
👍 Total assets increased to PKR 395.12 million as of September 30, 2025, from PKR 360.39 million as of June 30, 2025.
👍 Equity and liabilities increased to PKR 395.12 million as of September 30, 2025, from PKR 360.39 million as of June 30, 2025.
⚠️ Finance cost decreased from PKR (559,822) to PKR (1,013,981).
⚠️ Decrease in profit before income tax and levy from PKR 48,299,250 to PKR 39,175,280.
👍 Issued, subscribed, and paid-up share capital remained consistent at PKR 74,529,000.
👍 Cash and bank balances decreased to PKR 54.88 million as of September 30, 2025, from PKR 128.34 million as of June 30, 2025.
👍 Unappropriated profits – revenue reserve increased to PKR 113.31 million as of September 30, 2025, from PKR 86.10 million as of June 30, 2025.

🎯 Investment Thesis

Given the decline in revenue, operating profit, and EPS, along with the absence of any dividend or bonus announcements, a SELL recommendation is warranted. The financial performance raises concerns about PACRA’s ability to sustain its business and generate shareholder value. Further monitoring of the company’s performance and market conditions is recommended before reconsidering an investment.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements LOTCHEM Signal: SELL

📉 LOTCHEM: SELL Signal (7/10) – Financial Results for the quarter and nine months period ended 30 September 2025

⚡ Flash Summary

LOTCHEM’s unaudited financial results for the quarter and nine months ending September 30, 2025, reveal a mixed performance. Revenue experienced a significant decrease compared to the same period last year, while profit after taxation also declined. The company reported no cash dividend, bonus shares, or right shares. Detailed analysis of the attached financial statements is necessary to understand the drivers behind these results.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue from contracts with customers decreased to Rs 60,541.12 million for the nine months ended September 30, 2025, compared to Rs 88,976.736 million in 2024.
📉 For the quarter ended September 30, 2025, revenue stood at Rs 20,365.180 million, a decline from Rs 24,597.854 million in 2024.
💰 Gross profit decreased from Rs 5,029.349 million in 2024 to Rs 2,347.888 million for the nine months period.
📉 Operating profit showed a significant decrease, falling from Rs 3,988.061 million in 2024 to Rs 1,369.313 million in 2025.
💸 Finance costs decreased from (Rs 615.893) million to (Rs 457.529) million
📊 Profit before taxation declined from Rs 4,363.011 million to Rs 1,374.180 million.
📉 Profit after taxation witnessed a considerable drop, from Rs 2,661.597 million to Rs 835.868 million.
📉 Earnings per share (basic and diluted) decreased from Rs 1.76 to Rs 0.55.
💵 No cash dividend was recommended by the Board of Directors.
🚫 No bonus shares or right shares were recommended.
🏦 Cash and bank balances decreased from Rs 8,833.047 million (December 31, 2024) to Rs 2,433.500 million (September 30, 2025).

🎯 Investment Thesis

Based on the analysis of the financial results, a SELL recommendation for LOTCHEM is warranted. The significant decline in revenue, profitability, and EPS indicates a weakening financial position. Given the negative trends and potential risks, a price target should be set based on a conservative valuation approach, considering the reduced earnings capacity and increased uncertainty. This recommendation is based on a short-term to medium-term outlook, as the company’s performance needs to be closely monitored for any signs of recovery or improvement.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GUTM Signal: SELL

📉 GUTM: SELL Signal (9/10) – FinancialResults for the Quarter Ended 30.09.2025

⚡ Flash Summary

Gulistan Textile Mills Limited reported a significant loss for the quarter ended September 30, 2025, with a net loss after taxation of PKR 13.652 million compared to a loss of PKR 2.891 million in the same quarter last year. The company’s loss from operations also widened considerably, reaching PKR 13.627 million compared to PKR 2.890 million year-over-year. No dividends, bonus shares, or right shares were recommended. The accumulated losses have further increased on the balance sheet, contributing to a substantial negative total equity position.

Signal: SELL 📉

Strength: 9/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ Net loss after taxation widened to PKR 13.652 million in Q1 2025 from PKR 2.891 million in Q1 2024.
📉 Loss from operations significantly increased to PKR 13.627 million from PKR 2.890 million year-over-year.
🚫 No cash dividend, bonus shares, or right shares were declared for the quarter.
💸 Administrative expenses increased from PKR 1.550 million to PKR 2.541 million.
⚠️ Other expenses surged to PKR 11.085 million from PKR 1.340 million.
📊 Basic and diluted loss per share increased to PKR 0.72 from PKR 0.15.
💰 Finance costs increased to PKR 25,137 from PKR 1,125.
📉 Accumulated losses have increased to PKR 9,640.604 million as of September 30, 2025.
📉 Total equity is significantly negative at PKR (8,420.620) million.
🏦 Significant liabilities, including PKR 5,640.188 million payable to banking companies.
💸 Trade and other payables are substantial at PKR 248.147 million.
💵 Cash and bank balances stood at PKR 26.034 million.
📉 Negative cash flow from operations of PKR (14.262) million for Q1 2025.
📉 Negative retained earnings impacting the overall financials

🎯 Investment Thesis

Given the substantial losses, negative equity, and negative cash flow from operations, a SELL recommendation is warranted. The company’s financial position is precarious, with limited prospects for improvement in the near term. There is no specified price target. Significant restructuring, cost-cutting measures, or capital injection would be needed to improve outlook, but there is no plan as of the time of this report. A SHORT_TERM time horizon is appropriate for this recommendation.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

+ More