NEGATIVE - FoxLogica

⏸️ UNIC: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended 2025-09-30

⚡ Flash Summary

The United Insurance Company of Pakistan Ltd. reported its 3rd Quarter 2025 results, showcasing a mixed performance. Gross written premium for the conventional business decreased to Rs. 5,618.88 million from Rs. 6,021.76 million in 2024, while net premium income increased to Rs. 3,123.641 million from Rs. 2,886.121 million. Profit before tax decreased to Rs. 1,014.529 million from Rs. 1,244.086 million, and earnings per share (EPS) fell to Rs. 2.13 from Rs. 2.52. Despite a challenging economic environment, the company demonstrated stability and improved underwriting results, while also experiencing growth in its Takaful operations investment income.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Gross written premium for conventional business decreased to Rs. 5,618.88 million in 2025 vs. Rs. 6,021.76 million in 2024.
📈 Net premium income for conventional business increased to Rs. 3,123.641 million in 2025 vs. Rs. 2,886.121 million in 2024.
💰 Profit before tax decreased to Rs. 1,014.529 million in 2025 vs. Rs. 1,244.086 million in 2024.
💲 Earnings per share (EPS) decreased to Rs. 2.13 in 2025 vs. Rs. 2.52 in 2024.
🔥 Underwriting results improved to Rs. 1,180.948 million in 2025 vs. Rs. 1,055.361 million in 2024.
💸 Management expenses increased to Rs. 1,095.405 million in 2025 vs. Rs. 1,057.026 million in 2024.
🤝 Written gross contribution for Window Takaful decreased to Rs. 1,400.690 million in 2025 vs. Rs. 1,663.904 million in 2024.
🚀 Investments income of Participants Takaful fund increased to Rs. 20.948 million in 2025 vs. Rs. 15.660 million in 2024.
📊 Investments income of the Operator’s fund increased to Rs. 36.365 million in 2025 vs. Rs. 22.642 million in 2024.
📈 General, administrative and management expenses of the operator increased to Rs. 493.648 million in 2025 vs. Rs. 433.577 million in 2024.
⭐ Total assets increased to Rs. 16,558.890 million in 2025 vs. Rs. 16,053.484 million in 2024.
Equity increased to Rs. 6,281.641 million vs. Rs. 5,436.030 million

🎯 Investment Thesis

HOLD. The mixed performance in 3Q25, with declining premiums and EPS but improved underwriting results and investment income, suggests caution. While the company shows stability and growth in certain areas, declining profitability is a concern. A hold is warranted until there is clearer evidence of sustained improvement in key financial metrics and a stabilization of premium income.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements COLG Signal: HOLD

⏸️ COLG: HOLD Signal (5/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE QUARTER ENDED 30 SEPTEMBER 2025

⚡ Flash Summary

Colgate-Palmolive (Pakistan) Ltd. reported a 4.57% increase in turnover for the quarter ended September 30, 2025, driven by higher sales volume. However, gross profit declined slightly by 0.5% due to higher trade discounts. Other income also decreased significantly by 57.77% because of lower policy rates. Consequently, net profit after tax saw a decrease of 10.58% compared to the same quarter last year.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Turnover increased by 4.57%, reaching PKR 41,983 million.
📉 Net turnover increased by 2.86% to PKR 30,862 million.
📉 Gross profit decreased by 0.50%, standing at PKR 10,748 million.
📉 Gross profit margin declined by 117 bps to 34.83%.
⬆️ Selling & Distribution Cost increased by 1.20% to PKR 3,195 million.
⬇️ Administrative Expenses decreased slightly by 1.31% to PKR 342 million.
⬇️ Other Income significantly decreased by 57.77% to PKR 654 million.
📉 Profit from Operations decreased by 10.64% to PKR 7,344 million.
📉 Profit After Tax decreased by 10.58% to PKR 4,564 million.
📉 Earnings per Share decreased by 10.58% to PKR 18.80.
⬇️ Other comprehensive income for the quarter is zero.
🌱 Company focuses on strengthening brand equity through packaging revamps and upgrades.

🎯 Investment Thesis

Given the mixed results of this quarter, with revenue growth offset by declining profits, a HOLD recommendation is appropriate. The company’s strategic initiatives to strengthen its brand and market leadership are positive, but the financial performance indicates headwinds. The price target rationale is based on maintaining the current position until further improvements in profitability are demonstrated.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements HATM Signal: HOLD

⏸️ HATM: HOLD Signal (5/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025.

⚡ Flash Summary

Hamid Textile Mills Limited reports its unaudited financial results for the first quarter ended September 30, 2025. Sales increased by 21.67% to Rs. 250.103 million compared to the corresponding period. Despite this increase, the company incurred a net loss after taxation of Rs. 10.095 million, compared to a loss of Rs. 8.693 million in the previous year. The management is negotiating with the bank for a settlement of the bank loan to regularize financial limits, and the company is working to increase production to stabilize the unit.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Sales increased by 21.67%, reaching Rs. 250.103 million.
📉 The company experienced a net loss after taxation of Rs. 10.095 million.
📉 Loss per share is (0.76) compared to (0.66) for the prior year quarter.
💰 Gross profit increased to Rs. 5.277 million from Rs. 1.974 million.
💼 Management is focused on optimizing operations to meet fixed costs.
⚠️ Unfavorable external environmental factors have increased the cost of doing business.
🏦 The company faces liquidity problems due to ongoing litigation with the bank.
⛔️ Working capital financial facilities from the bank remain expired.
🤝 Management is negotiating with the bank for a loan settlement.
🌱 The settlement aims to regularize the financial limits.
🏭 Plans are in place to increase production and make the unit more stable.
🛠️ The management intends to make regular investments in plant and machinery.
📊 Depreciation charged as expenditure is Rs. 9.22 million.

🎯 Investment Thesis

Given the current financial challenges and ongoing litigation, I recommend a HOLD rating. While the increase in sales is a positive sign, the company’s inability to translate this into profitability and its liquidity issues raise concerns. A potential settlement with the bank and successful restructuring could improve the company’s prospects, but until these uncertainties are resolved, a cautious approach is warranted. Price target is difficult to establish given the limited financial information and the current loss making position. Time horizon is medium term, contingent on the successful resolution of financial challenges.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements HUBC Signal: HOLD

⏸️ HUBC: HOLD Signal (5/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Hub Power Company (HUBCO) reported consolidated net profit of PKR 11,628 million for the quarter ended September 30, 2025, a decrease from PKR 19,125 million in the same period last year. This translates to an EPS of PKR 8.96 compared to PKR 14.74 previously. The decrease is primarily attributed to the termination of the Power Purchase Agreement (PPA) of the Hub Plant and amendments to the PPA of the Narowal Plant. Unconsolidated net profit increased slightly to PKR 7,894 million, with EPS rising to PKR 6.09.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Consolidated net profit decreased to Rs. 11,628 million from Rs. 19,125 million YoY.
📉 Earnings Per Share (EPS) declined to Rs. 8.96 from Rs. 14.74 YoY.
原因 The profit decrease is mainly due to the termination of Hub Plant’s PPA and Narowal Plant’s PPA amendments.
📈 Unconsolidated net profit slightly increased to Rs. 7,894 million from Rs. 7,785 million YoY.
📈 Unconsolidated EPS increased to Rs. 6.09 from Rs. 6.0 YoY.
💰 Unconsolidated profit increase is mainly due to higher dividend income from subsidiaries.
⚡️ Net Electrical Output: Narowal: 20.2 GWh, Laraib: 18 GWh, CPHGC: 304 GWh, TEL: 496 GWh, TN: 472 GWh.
⚙️ Load Factor: Narowal: 4.28%, Laraib: 10%, CPHGC: 11.6%, TEL: 75%, TN: 71%.
✅ Verification done for Project Completion Date (PCD) of TEL and TN; approval expected next quarter, followed by dividend disbursement.
⛏️ Prime continues identifying drilling opportunities and tested a new well for maximizing production.
🔌 HUBCO Green has 10 operational DC fast chargers; targeting 4 EV chargers on highways as Phase 1 to connect Karachi to Peshawar.
🤝 HUBCO’s subsidiary Ark Metals is evaluating mineral exploration opportunities in Balochistan.
✅ Directors proposed a final cash dividend of Rs. 10.00 per share for the year ended June 30, 2025, and an interim cash dividend of Rs. 5.00 per share for the year ending June 30, 2026.

🎯 Investment Thesis

Given the decrease in profits due to the PPA termination, and the high level of uncertainty, it is hard to recommend a buy. A HOLD is recommended, in order to maintain an investment into the company and generate revenue from dividends while things develop. Reassess after more data about the future can be gathered.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

AKDHL announcements Signal: HOLD

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

⚡ Flash Summary

AKD Hospitality’s financial results for the quarter ended September 30, 2025, indicate a mixed performance. While revenue remained consistent at PKR 1.5 million compared to the same period last year, the company experienced a significant decrease in profit after tax, falling from PKR 643,686 to PKR 438,685. This decline in profitability is primarily attributed to increased administrative and general expenses. The company did not declare any interim dividend for the period.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⚠️ Revenue remains stagnant at PKR 1.5 million compared to September 2024.
📉 Profit after tax declines from PKR 643,686 to PKR 438,685, a ~32% decrease.
⬆️ Administrative and general expenses rise significantly from PKR 701,064 to PKR 906,065.
💰 No interim dividend declared for the period ended September 30, 2025.
📊 Earnings per share (EPS) decreased from PKR 0.26 to PKR 0.17.
✅ Total Equity increased from PKR 37.02 million to PKR 42.47 million.
🏦 Bank balances decreased from PKR 14.12 million to PKR 13.21 million.
🏢 Long-term investments increased from PKR 27.19 million to PKR 31.75 million.
✅ Other comprehensive income shows a gain of PKR 4.56 million in Sep-2025, compared to a loss of PKR 0.53 million in Sep-2024.
⬆ Capital Contribution Increased from 12.95 million to 13.40 million
➖ Cash flow from operating activities went from an inflow of PKR 293,890 to an outflow of PKR -1,353,524.
⬆ The company’s authorized share capital remains constant at 1,000,000,000 ordinary shares.
❌ No bonus or right shares were declared.
⬆ Unrealized gain on remeasurement of investments increased by PKR 4,560,000.

🎯 Investment Thesis

Based on the current financial performance, a HOLD recommendation is appropriate. While the increase in equity and investments are positives, the declining profitability, EPS, and negative operating cash flow warrant caution. Further monitoring of the company’s performance and cost management strategies is needed. Price target will remain around existing levels with no real movement expected in the near term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements DWTM Signal: SELL

📉 DWTM: SELL Signal (9/10) – Transmission of Quarterly Report for the Period Ended September 30,2025

⚡ Flash Summary

Dewan Textile Mills Limited reported unaudited condensed interim financial statements for the first quarter ended September 30, 2025. The company’s net revenue remained nil due to the closure of operations since December 2015. The financials reflect a net loss after taxation of Rs. 27.920 million and negative reserves of Rs. 6,000.936 million, resulting in a negative equity of Rs. 2,893.572 million. Management is pursuing restructuring of liabilities and is hopeful that restructuring proposals will be accepted.

Signal: SELL 📉

Strength: 9/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ Revenue remained nil for the quarter due to continued suspension of manufacturing operations since December 2015.
📉 Net loss after taxation was Rs. 27.920 million for the quarter ended September 30, 2025.
⚠️ The company’s negative reserves amounted to Rs. 6,000.936 million.
⛔️ Negative equity stood at Rs. 2,893.572 million.
Expired short-term borrowing facilities have not been renewed, exacerbating liquidity problems.
⚖️ Lenders have initiated litigation for repayment of liabilities.
🏛 The company is pursuing restructuring of its liabilities with lenders.
🤞 Management is hopeful that restructuring proposals will be accepted by financial institutions.
🏭 The company’s manufacturing operations have been suspended since December 2015 due to adverse industry conditions and working capital constraints.
🤔 The company’s ability to continue as a going concern is under significant doubt.
💹 Finance costs decreased slightly from (6,875,797) to (7,237,108)
✅ Other income increased from 6,450,000 to 7,350,000

🎯 Investment Thesis

Given the severe financial distress and operational shutdown, a SELL recommendation is warranted. There is a high risk of further value erosion. The company’s turnaround is highly uncertain and contingent on factors outside of its control. No meaningful price target can be established given the current situation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements FIMM Signal: SELL

📉 FIMM: SELL Signal (7/10) – Transmission of Quarterly Report for 1st Quarter Ended September 30, 2025

⚡ Flash Summary

First Imrooz Modaraba reported a net loss of Rs. 2.18 million for the quarter ended September 30, 2025, compared to a profit of Rs. 29.16 million in the same period last year. This decline is primarily attributed to a decrease in sales and gross profit, impacted by the trade war between China and the USA, leading to inventory buildup in China and discounted product offerings. Sales decreased from Rs. 308.11 million to Rs. 252.40 million, while gross profit fell from Rs. 74.68 million to Rs. 50.11 million. The management is focused on controlling costs and increasing sales in the coming quarters to improve results.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss of Rs. 2.18 million compared to a profit of Rs. 29.16 million YoY.
📉 Sales decreased from Rs. 308.11 million to Rs. 252.40 million YoY.
📉 Gross profit declined from Rs. 74.68 million to Rs. 50.11 million YoY.
🇨🇳 Trade war between China and USA impacting sales due to inventory buildup.
📉 Loss per certificate (basic & diluted) is Rs. (0.73) compared to earnings of Rs. 9.72 last year.
⚠️ Modaraba has a substantial stock of products needing to be sold at a discount.
⬆️ Operating expenses increased from Rs. 26.19 million to Rs. 33.0 million YoY.
⬇️ Other income decreased from Rs. 0.94 million to Rs. 0.13 million YoY.
🏢 Management focusing on cost control and increasing sales.
🏦 Multiple banking facilities utilized, including Diminishing Musharaka and Musawamah.
⚖️ Contingency related to Sindh Workers Welfare Fund (SWWF) under appeal.
🧾 Post-dated cheques issued to Collector of Customs amount to Rs. 74.920 million.
🤝 Related party transactions include expenses and rent with Group Companies.
🗓️ Financial information approved for issue on October 28, 2025.

🎯 Investment Thesis

Recommendation: SELL. Rationale: The significant decline in financial performance, including a net loss, decreased sales and gross profit, and challenges in managing inventory, makes First Imrooz Modaraba unattractive for investment. The ongoing trade war and its impact on sales necessitate a conservative approach. Price Target: Rs. 8/- Time Horizon: Short-term (6 months) due to potential for future improvement if management’s cost-control and sales-increase efforts are successful.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements CNERGY Signal: HOLD

⏸️ CNERGY: HOLD Signal (5/10) – Transmission of Quarterly Report for the Period Ended 30th September 2025

⚡ Flash Summary

Cnergyico Pk Limited’s report for the period ended September 30, 2025, reveals a mixed performance. While gross and net sales increased compared to the same period last year, the company reported a loss after tax. This loss was primarily attributed to depreciation expenses, despite a decrease in finance costs due to lower KIBOR rates. Management expresses concern over declining demand for Furnace Oil (FO) due to government levies and shifts towards alternate energy sources, pushing them to export FO at a loss.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

⬆️ Gross sales increased to PKR 81.6 billion, up from PKR 73.6 billion last year.
⬆️ Net sales reached PKR 61.6 billion compared to PKR 57.1 billion in the prior period.
⬆️ Gross profit improved to PKR 931 million from PKR 329 million.
⬆️ EBITDA increased to PKR 2.08 billion, up from PKR 1.39 billion.
⬇️ Finance costs decreased by 31% due to lower KIBOR rates (from 18% to 11%).
⚠️ Loss after tax reported at PKR 589 million due to depreciation expense.
📉 Basic/diluted loss per share was Rs. 0.11 compared to a loss of Rs. 0.29 last year.
📉 Average monthly consumption of Furnace Oil (FO) continues to decline.
Export sales include Rs. 7,756.500 million
🏦 The company has commitments for capital expenditure in the amount of PKR 4,863,299,000.
⚠️ Exchange losses are a concern for crude oil and petroleum importers due to differences in pricing formulas and settlement rates.
⚠️ Government policies on sales tax and petroleum levies pose ongoing challenges.

🎯 Investment Thesis

Given the current losses, reliance on a declining product (Furnace Oil), and ongoing regulatory challenges, a HOLD recommendation is appropriate. A price target cannot be reliably established until the company demonstrates sustained profitability and resolves its issues with government levies. Time horizon is dependent on the turnaround strategy’s success, likely requiring a long-term perspective.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements HMIM Signal: SELL

📉 HMIM: SELL Signal (8/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE PERIOD ENDED 30.09.2025

⚡ Flash Summary

Haji Mohammad Ismail Mills Limited reported no sales or manufacturing activity for the first quarter ended September 30, 2025, mirroring the same period last year. The company incurred a pre-tax loss of Rs. 1,284,433 and a loss per share of Rs. (0.11). Management acknowledges the adverse market factors impacting the company’s financial position and is currently defending a winding-up petition filed by the SECP in the High Court of Sindh. They are seeking opportunities for corporate restructuring or merger.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ No sales or manufacturing activity reported for Q1 2025.
📉 Pre-tax loss of Rs. 1,284,433.
📉 Loss per share of Rs. (0.11).
⚠️ Adverse market conditions continue to negatively impact the company.
🏛️ Winding-up petition filed by SECP is still sub judice; management is defending the case.
💼 Management seeking corporate restructuring or merger opportunities.
👍 Political stability and reduced markup rates cited as potential improvements.
🚧 Electricity, gas, and petroleum prices remain hurdles to economic growth.
💰 Investments available for sale increased significantly from Rs. 332,325 to Rs. 2,395,050 since June 30, 2025.
💸 Cash and bank balances decreased from Rs. 3,540,846 to Rs. 2,487,228 since June 30, 2025.
⚖️ Contingency exists related to a notice from the National Bank of Pakistan regarding a loan written off in 2003; case is still pending resolution.
✅ The company has taken steps to comply with corporate governance regulations.

🎯 Investment Thesis

Given the company’s current state, a SELL recommendation is warranted. The lack of revenue, continued losses, legal challenges, and reliance on uncertain future events make this a high-risk investment with a low probability of success. Investors should seek opportunities elsewhere until there is concrete evidence of a successful turnaround.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements PAKRI Signal: SELL

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

⚡ Flash Summary

Pakistan Reinsurance Company Limited (PAKRI) reported its financial results for the quarter ended September 30, 2025. The company’s net insurance premium decreased by 13.2% compared to the same period last year. Underwriting results experienced a significant downturn, dropping by 97.9%. Despite these challenges, investment income remained relatively stable, decreasing slightly by 1.5%. Overall, the company’s profit after tax decreased by 31% year-over-year.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net insurance premium decreased by 13.2% to PKR 6.998 billion from PKR 8.060 billion.
📉 Underwriting results plummeted by 97.9%, resulting in a profit of only PKR 35.659 million versus PKR 1.732 billion.
💼 Management expenses decreased by 9.4% to PKR 1.318 billion from PKR 1.455 billion.
💰 Investment income saw a slight decrease of 1.5% to PKR 2.483 billion from PKR 2.520 billion.
📈 Rental income increased by 11.9% to PKR 123.500 million from PKR 110.383 million.
📉 Profit before tax decreased by 40% to PKR 2.864 billion from PKR 4.795 billion.
📉 Profit from Window Retakaful Operations decreased by 57% to PKR 57.893 million from PKR 134.867 million.
🧾 Income tax expense decreased by 26.7% to PKR 1.034 billion from PKR 2.155 billion.
📉 Profit after tax decreased by 31% to PKR 1.831 billion from PKR 2.639 billion.
📉 Earnings per share decreased to PKR 2.03 from PKR 2.93.
❌ No cash dividend, bonus shares, or right shares were declared.
⚠️ Reinsurance recoveries against outstanding claims decreased from PKR 15.767 billion to PKR 9.536 billion as of September 30, 2025.
⚠️ Cash and bank balances have significantly dropped from PKR 3.236 billion to PKR 1.158 billion.

🎯 Investment Thesis

Given the company’s declining financial performance, operational challenges, and increased risks, a SELL recommendation is warranted. The significant decrease in underwriting results and profit after tax indicates fundamental weaknesses in the company’s operations. While the stock might offer some speculative upside in the future, the current risk-reward profile is unfavorable. Investors should seek alternative investment opportunities with stronger growth prospects and lower risk profiles.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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