NEGATIVE - FoxLogica

📉 LEUL: SELL Signal (9/10) – Transmission of Annual Report for the Year Ended 30-06-2025

⚡ Flash Summary

Leather Up Ltd. reported a significant downturn in its financial performance for the fiscal year ended June 30, 2025. The company experienced a substantial decrease in sales revenue and a shift from profit to loss compared to the previous year. Key performance indicators such as earnings per share (EPS) deteriorated significantly, and operating losses widened. The company attributes this decline to challenges in export markets, particularly in Europe, and the adverse impact of high inflation. Management expresses concerns about going concern status, signaling substantial uncertainty.

Signal: SELL 📉

Strength: 9/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales plummeted to Rs 12.09 million in 2025 from Rs 27.53 million in 2024.
🙁 The company incurred a loss before taxation of Rs 4.32 million in 2025 compared to a profit of Rs 0.57 million in 2024.
⚠️ EPS nosedived to a loss of Rs 0.75 per share in 2025 from a profit of Rs 0.05 per share in 2024.
🚫 No dividend was announced due to the losses incurred.
🌍 Management attributes the decline to recession in Europe and high inflation.
✂️ Efforts are being made to cut operating expenses to withstand the lean period.
✅ Export orders worth Rs 22 million have been secured in the first quarter of 2026, a positive signal.
🤝 One executive director has agreed to forgo remuneration to support the company.
🗓️ Share transfer books will be closed from October 21 to October 28, 2025.
✉️ Members can participate in the Annual General Meeting through video link facility.
🎁 No gifts will be distributed during the Annual General Meeting.
🌐 Financial statements are available on the company’s website.

🎯 Investment Thesis

Given the significant deterioration in financial performance, high risks, and going concern uncertainty, a SELL recommendation is warranted. The negative trends in revenue, profitability, and EPS, coupled with the challenging economic environment, make the investment unattractive. A price target cannot be established due to the lack of profitability and high uncertainty.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements GLPL Signal: SELL

📉 GLPL: SELL Signal (8/10) – Transmission of Annual Report for the Year Ended

⚡ Flash Summary

Gillette Pakistan Limited (GLPL) reported challenging financials for the year ended June 30, 2025. Revenue increased by 15% year-over-year, but the company experienced a net loss of PKR 25.95 million compared to a profit of PKR 101.94 million in the prior year. This decline in profitability was attributed to macroeconomic headwinds and increased import duties, impacting cost structures and consumer spending. The Board has decided not to pay a dividend for the year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue increased by 15% to PKR 1,719.85 million from PKR 1,502.01 million.
⚠️ Company reported a net loss of PKR 25.95 million compared to a profit of PKR 101.94 million in the previous year.
⛔ No dividend was declared for the year ended June 30, 2025.
😬 Gross Profit margin decreased significantly to 20% from 33%.
📉 Earnings per share (EPS) turned negative at (PKR 0.81) compared to positive PKR 3.18 in the previous year.
🔺 Selling, Marketing and Distribution expenses saw massive reduction.
✔️ Management states revenue growth was driven by expansion in retail, wholesale, and supermarket channels.
✔️ Company focused on driving revenue growth in disposables & double edge categories.
✔️ Company acknowledges challenges of rising global commodity prices.
✔️ Company express appreciation for shareholder confidence, supplier support and customer reliance.

🎯 Investment Thesis

Given the significant drop in profitability, negative EPS, and decision to withhold dividends, a SELL recommendation is warranted. The macroeconomic challenges and increasing costs present substantial headwinds. A turnaround strategy and significant improvements in cost management are needed before a more positive outlook can be considered.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements FTSM Signal: SELL

📉 FTSM: SELL Signal (8/10) – Financial Results for the Year Ended 2025-06-30

⚡ Flash Summary

First Tri-Star Modaraba reported a loss for the year ended June 30, 2025, contrasting with a profit in the previous year. The company experienced a significant decrease in operating profit and a substantial loss after taxation, primarily driven by increased administrative expenses and financial charges. Despite a rise in income from academic activities, the company’s profitability suffered. The balance sheet shows a slight increase in total assets, but a decrease in certificate holders’ equity due to the current year’s loss.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 First Tri-Star Modaraba reported a loss of PKR 15.03 million for the year ended June 30, 2025, compared to a profit of PKR 1.66 million in 2024.
📉 Loss per certificate (basic and diluted) stood at PKR (0.71) in 2025, against earnings of PKR 0.08 in 2024.
⬆️ Income from academic activities increased to PKR 36.18 million in 2025 from PKR 34.83 million in 2024, a 3.9% rise.
⬆️ Administrative expenses surged to PKR 56.78 million in 2025 from PKR 33.07 million in 2024.
⬆️ Financial charges increased to PKR 2.11 million in 2025 from PKR 1.91 million in 2024.
⬇️ Operating loss amounted to PKR 13.61 million in 2025, compared to an operating profit of PKR 0.58 million in 2024.
⬆️ Other comprehensive income increased substantially to PKR 53.97 million in 2025 from PKR 38.42 million in 2024.
⬆️ Total assets increased to PKR 586.60 million in 2025 from PKR 565.31 million in 2024.
⬇️ Certificate holders’ equity decreased to PKR 353.38 million in 2025 from PKR 410.73 million in 2024.
⬆️ Surplus on revaluation of investments increased to PKR 89.04 million in 2025 from PKR 35.07 million in 2024.
⬆️ Short-term investments increased to PKR 0.49 million in 2025 from PKR 0.39 million in 2024.
⬆️ Cash and bank balances increased to PKR 2.99 million in 2025 from PKR 1.61 million in 2024.
⬆️ Accrued and other liabilities increased to PKR 43.01 million in 2025 from PKR 29.51 million in 2024.

🎯 Investment Thesis

Given the loss reported, the rising administrative costs, and the overall negative trajectory, a SELL recommendation is warranted. The company’s financial performance raises significant concerns about its ability to generate sustainable profits. While the increase in assets looks good, liability is a real concern. In the absence of a clear turnaround strategy and considering the limited information about the Modaraba’s operations and sector, the downside risk outweighs any potential upside. I’d avoid the stock with a target price of PKR 7 which will be book value, which is unlikely to be achieved in the short term, considering the current financials and a time horizon of 6-12 months.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements SHCM Signal: HOLD

⏸️ SHCM: HOLD Signal (5/10) – Financial Results for the year ended 30-06-2025

⚡ Flash Summary

Shadman Cotton Mills Ltd. reported a challenging year with a net loss of PKR 16.57 million, a significant improvement from the PKR 108.70 million loss in the prior year. Revenue decreased from PKR 731.31 million to PKR 509.96 million. The company managed to reduce its losses through other income and cost reductions. Despite the improved bottom line, Shadman Cotton Mills did not recommend any dividend or bonus shares for the period ending June 30, 2025.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net loss improved significantly to PKR 16.57 million from PKR 108.70 million YoY.
Revenue decreased by 30.27% from PKR 731.31 million to PKR 509.96 million. Revenue 📉
⚠️ Gross loss of PKR 19.67 million compared to a gross profit of PKR 4.93 million in the previous year.
💰 Other income increased significantly to PKR 81.55 million from PKR 63.42 million, helping offset losses.
💸 Finance costs decreased from PKR 12.80 million to PKR 5.00 million.
Levies decreased from PKR 8.08 million to PKR 6.39 million ⬇️
Taxation swung from an expense of PKR 87.79 million to an income of PKR 18.74 million ⬆️
❌ No cash dividend, bonus shares, or right shares were announced.❌
Earnings per share improved to -PKR 0.94 from -PKR 6.16.
Total Equity decreased slightly from PKR 818.02 million to PKR 802.13 million.
Non-current liabilities decreased from PKR 348.06 million to PKR 287.78 million.
Current liabilities decreased significantly from PKR 491.83 million to PKR 352.88 million⬇️
Cash and bank balances decreased slightly from PKR 28.45 million to PKR 27.37 million 💸
Short term investments increased significantly to PKR 109.5 million from PKR 37.86 million ⬆️

🎯 Investment Thesis

The recommendation is HOLD. While the company has shown some improvement in reducing losses, significant challenges remain. The decrease in revenue and reliance on non-operating income are concerning. A more stable operating performance and positive earnings are needed before considering a BUY recommendation. The price target will be based on book value, with a 12-month time horizon, contingent on the company demonstrating consistent profitability.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements Signal: SELL YOUW

📉 YOUW: SELL Signal (8/10) – Financial Results for the Year Ended June 30, 2025

⚡ Flash Summary

Yousaf Weaving Mills Limited (YOUW) reported a net loss of PKR 306.71 million for the year ended June 30, 2025, a significant increase from the PKR 49.21 million loss in the previous year. Sales increased to PKR 639.74 million from PKR 527.64 million. However, the company’s cost of sales surged to PKR 894.21 million, resulting in a gross loss of PKR 254.47 million. The substantial increase in losses raises concerns about the company’s operational efficiency and financial stability.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 YOUW’s net loss dramatically increased to PKR 306.71 million in 2025 from PKR 49.21 million in 2024.
📈 Sales saw an increase, reaching PKR 639.74 million in 2025 compared to PKR 527.64 million in 2024.
📉 Cost of sales spiked to PKR 894.21 million, leading to a gross loss of PKR 254.47 million.
⚠️ Operating loss widened to PKR 294.73 million from PKR 38.03 million.
💸 Loss per share ballooned to PKR (2.26) from PKR (0.39).
💰 Net cash used in operating activities was PKR 28.73 million compared to cash generated of PKR -8.69 million in 2024.
🏦 Short-term borrowings decreased significantly to PKR 517.92 million from PKR 611.65 million.
📊 The company’s accumulated loss increased to PKR 1.85 billion.
❌ Total comprehensive loss for the year was PKR 310.12 million, a stark contrast to the income of PKR 197.72 million in the previous year.
📉 Negative experience adjustment on remeasurement of staff retirement of PKR -3.41 million.
💵 Loan from directors increased significantly to PKR 81.96 million vs PKR 34.18 million in 2024.

🎯 Investment Thesis

Based on the significant losses, deteriorating profitability, and weak financial position, a SELL recommendation is warranted for Yousaf Weaving Mills. The increasing losses and negative cash flow raise serious concerns about the company’s ability to sustain operations. A price target cannot be provided due to the fundamental issues, but it is likely to be substantially lower than the current market price. Time horizon: Short-term.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements NCML Signal: SELL

📉 NCML: SELL Signal (8/10) – FINANCIAL RESULTS FOR THE YEAR ENDED JUNE 30, 2025

⚡ Flash Summary

Nazir Cotton Mills Limited reported its financial results for the year ended June 30, 2025. The company experienced a net loss of PKR 7.23 million, a considerable downturn compared to the PKR 15.99 million loss in the previous year. Despite a significant increase in other operating income, the absence of sales revenue and substantial other expenses contributed to the negative bottom line. The company did not declare any cash or bonus dividends for the year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 **Revenue:** Zero revenue reported for the year ended June 30, 2025, compared to PKR 7.53 million in the prior year.
❌ **Gross Loss:** Company reports a gross loss for 2025, compared to the prior year’s gross loss of PKR 5.66 million.
⬆️ **Other Operating Income:** Increased significantly to PKR 65.35 million from PKR 9.24 million year-over-year.
⬆️ **Administrative Expenses:** Rose to PKR 20.96 million from PKR 15.63 million in the previous year.
⬆️ **Other Expenses:** Increased drastically to PKR 33.52 million from PKR 3.80 million year-over-year.
⬆️ **Finance Costs:** Rose to PKR 2.85 million from PKR 0.004 million in the previous year.
📉 **Net Loss:** Company recorded a net loss of PKR 7.23 million, an improvement from PKR 15.99 million in the previous year.
⚠️ **No Dividends:** No cash or bonus dividends were declared for the year ended June 30, 2025.
📉 **Loss Per Share:** Loss per share improved to (PKR 0.31) from (PKR 0.70) in the prior year.
⬇️ **Total Equity:** Decreased to PKR 137.37 million from PKR 139.06 million year-over-year.
⬇️ **Cash and Bank Balances:** Declined to PKR 0.29 million from PKR 10.38 million from the prior year.
⬆️ **Short-term Borrowings:** Decreased to PKR 131.14 million from PKR 207.87 million from the prior year.
⬇️ **Total Assets:** Decreased to PKR 289.43 million from PKR 354.27 million year-over-year.
⚠️ **AGM Date:** The Annual General Meeting will be held on October 28, 2025.

🎯 Investment Thesis

Given the zero revenue, continued net losses, and weak financial position, a SELL recommendation is warranted. The company’s lack of revenue generation and substantial expenses raise serious doubts about its ability to continue as a going concern. Without a clear turnaround strategy and evidence of revenue recovery, the stock is unlikely to generate positive returns. Price target is a speculative PKR 1.00, based on potential liquidation value, with a short-term horizon (6 months).

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements AWTX Signal: HOLD

⏸️ AWTX: HOLD Signal (5/10) – Transmission of Annual Report for year ended June 30, 2025

⚡ Flash Summary

Allawasaya Textile and Finishing Mills Limited (AWTX) reported a loss for the year ended June 30, 2025, a continuation of recent financial struggles. Revenue declined significantly compared to the previous year, although the loss was reduced. The company is seeking to improve performance by selling land to repay liabilities and improve working capital, as well as focusing on optimizing operations and cost efficiency. Future prospects are expected to remain challenging for the textile sector.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 AWTX reports a loss of Rs (69.83) million for FY25, improved from a loss of Rs (249.77) million in FY24.
📉 Revenue from contracts decreased by 28.8% from Rs 6,118.25 million in FY24 to Rs 4,353.51 million in FY25.
✂️ Gross profit declined by 43.7% from Rs 273.04 million in FY24 to Rs 153.58 million in FY25.
🔥 Loss per share improved from Rs (312.21) in FY24 to Rs (87.29) in FY25.
🏭 Yarn production decreased from 16,183,418 Kgs in FY24 to 12,607,115 Kgs in FY25.
💰 The company proposes selling land to repay liabilities and improve working capital.
⚡ Solar Project commissioned and working to add one more Megawatt for cost reduction.
✅ Credit rating maintained at A2 for short term and BBB- for long term by PACRA.
🌐 The company holds ISO 9001:2015 and ISO 14001:2015 certifications.
📅 Annual General Meeting scheduled for October 27, 2025.
🗳️ Members can vote through postal ballot or e-voting for special business.
🏢 Independent Directors make up a sizable portion of the board.
👨‍💼 Board has formed Audit and HR committees.
🤝 Independent auditor’s review report is included.
👍 Auditors gave unqualified opinion on financial statements.

🎯 Investment Thesis

Given the company’s financial difficulties and the challenging outlook for the textile sector, HOLD is the recommendation. The company’s plan to sell land and reduce costs is a necessary step, but its success remains uncertain. Without a clear path to profitability and improved operational performance, the stock is not attractive for investment currently. Price movement reasoning is based on selling land, improving working capital, reducing the debt and better operational performance, the target is based upon the result. This will take MEDIUM_TERM to realize.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements GSPM Signal: HOLD

⏸️ GSPM: HOLD Signal (5/10) – Financial Results For The Year Ended 30-06-2025

⚡ Flash Summary

Gulshan Spinning Mills Ltd reports a net loss after taxation of PKR (8.025) million for the year ended June 30, 2025, compared to a loss of PKR (13.918) million in the previous year. The company has no cash dividend, bonus shares, or right shares to report. The scheme of arrangement with creditors, sanctioned by Sindh High Court Karachi, is being implemented. The Annual General Meeting will be held on October 28, 2025, and the share transfer books will be closed from October 21 to October 28, 2025.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

⚠️ Gulshan Spinning Mills reports a net loss of PKR (8.025) million for FY2025.
📉 Loss per share decreased to PKR (0.36) from PKR (0.63) in the previous year.
🚫 No cash dividend, bonus shares, or right shares declared for FY2025.
🏛️ Scheme of arrangement with creditors is under implementation.
📅 Annual General Meeting scheduled for October 28, 2025.
🛑 Share transfer books to be closed from October 21 to 28, 2025.
📉 Loss from operations decreased from (17.142) million to (16.269) million
⬆️ Other income increased from 3.235 million to 8.254 million
⬇️ Finance costs slightly decreased from (11,769) to (10,220).
📊 Total Assets remained relatively stable at PKR 201.216 million compared to PKR 200.946 million.
📉 Accumulated losses increased from PKR (3,734.020) million to PKR (3,742.045) million.
⬆️ Loan from associates and others increased from PKR 287.673 million to PKR 296.225 million.

🎯 Investment Thesis

Given the company’s continued losses, high accumulated losses, and ongoing restructuring efforts, a HOLD recommendation is appropriate. The company needs to demonstrate a sustained improvement in profitability and successful implementation of its scheme of arrangement before a more positive outlook can be considered. The price target is highly speculative and dependent on turnaround efforts. The time horizon is long-term, contingent on successful restructuring.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements GUTM Signal: SELL

📉 GUTM: SELL Signal (8/10) – Financial Results For The Year Ended 300-06-2025

⚡ Flash Summary

Gulistan Textile Mills reported a significant loss after taxation of PKR 51.67 million for the year ended June 30, 2025, a stark contrast to the profit of PKR 735.26 million in the previous year. This translates to a negative earnings per share (EPS) of PKR 2.72 compared to a positive EPS of PKR 38.73 in 2024. The company experienced a considerable loss from operations of PKR 56.68 million. While other income partially offset the losses, it wasn’t sufficient to achieve profitability. The company’s scheme of arrangement with creditors sanctioned by the Sindh High Court Karachi is under implementation.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

📉 Loss after taxation: PKR 51.67 million in 2025 vs. Profit of PKR 735.26 million in 2024.
📉 EPS: Negative PKR 2.72 in 2025 vs. Positive PKR 38.73 in 2024.
⚠️ Loss from operations: PKR 56.68 million in 2025 compared to PKR 16.39 million in 2024.
⬆️ Other income: Decreased significantly to PKR 5.03 million in 2025 from PKR 751.66 million in 2024.
💰 Finance Cost: Remained relatively stable at PKR 18,901 in 2025 compared to PKR 14,783 in 2024.
⚖️ (Loss)/Profit before Taxation: PKR (51,667,958) in 2025 vs. PKR 735,259,923 in 2024.
🚫 No Cash Dividend, Bonus Shares, or Right Shares were declared for the year.
🏛️ Scheme of Arrangement: Implementation ongoing, sanctioned by Sindh High Court Karachi.
📅 AGM: Annual General Meeting scheduled for October 28, 2025.
📚 Share Transfer Books: To remain closed from October 21, 2025, to October 28, 2025.
🏦 Payable to Banking Companies under scheme of arrangement: PKR 8,216,834,000 for both 2025 and 2024.
Assets decreased slightly from PKR 448.74 million in 2024 to PKR 441.41 million in 2025.

🎯 Investment Thesis

SELL. Gulistan Textile Mills’ financial performance has deteriorated significantly, with a substantial loss reported for the year ended June 30, 2025. The negative EPS and cash flow from operations, coupled with large accumulated losses and ongoing financial restructuring, make it a risky investment. A price target cannot be reasonably established given the negative earnings. The time horizon is indefinite.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

announcements CWSM Signal: HOLD

⏸️ CWSM: HOLD Signal (4/10) – Financial Result For The Year Ended June 30, 2025

⚡ Flash Summary

Chakwal Spinning Mills Ltd. reported its financial results for the year ended June 30, 2025. The company experienced a Loss after Taxation of PKR (117.727) million, slightly improved from a loss of PKR (121.746) million in the previous year. No cash dividend, bonus shares, or right shares were recommended by the Board of Directors. The company’s financial statements indicate ongoing challenges in profitability and operations, despite some reduction in losses.

Signal: HOLD ⏸️

Strength: 4/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

1. 📉 Loss after Taxation: PKR (117.727) million in 2025 vs. PKR (121.746) million in 2024.
2. ⚠️ No Dividend: No cash dividend declared for the year ended June 30, 2025.
3. 🚫 No Bonus Shares: No bonus shares were issued.
4. ❌ No Right Shares: No right shares were offered to shareholders.
5. 📉 Gross Loss: PKR (111.887) million in both 2025 and 2024.
6. 💸 Administrative Expenses: PKR (6.847) million in 2025, significantly higher than PKR (2.579) million in 2024.
7. 📉 Operating Loss: PKR (118.735) million in 2025 vs. PKR (125.248) million in 2024.
8. 💰 Other Operating Income: Decreased from PKR 4.803 million in 2024 to PKR 1.260 million in 2025.
9. 📉 Loss per Share: Basic & Diluted loss per share is PKR (0.97) in 2025 compared to PKR (1.00) in 2024.
10. 🏦 Current Liabilities: Totaled PKR 785.488 million in 2025, slightly higher than PKR 780.234 million in 2024.
11. 💰 Short Term Borrowings: Increased to PKR 386.984 million in 2025 from PKR 385.937 million in 2024.
12. 🏭 Property, Plant & Equipment: Decreased to PKR 1,952.939 million in 2025 from PKR 2,065.055 million in 2024.
13. 🏦 Cash and Bank Balances: Decreased slightly to PKR 47,507 in 2025 from PKR 48,665 in 2024.
14. 💸 Cash Flow from Operations: Negative PKR (1.212) million in 2025 compared to positive PKR 1.321 million in 2024.
15. ⬆️ Loan from Directors: Remained constant at PKR 118.777 million.

🎯 Investment Thesis

Given the continued losses and negative cash flow, a HOLD recommendation is appropriate. The company needs to demonstrate consistent profitability and improved operational efficiency before a more positive outlook can be considered. Further monitoring of the company’s performance is warranted to assess long-term viability.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 6, 2025

+ More